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The Supreme Court's recent ruling on mining royalties could provide much-needed relief to major steel companies like Tata Steel, JSW Steel, and SAIL. By addressing the cascading effect of current royalty calculations, the decision promises to reduce financial burdens, improve profitability, and pave the way for a more equitable framework in India's mining and steel industries.
Shyam Metalics has commissioned a new blast furnace and sinter plant at its Jamuria facility in West Bengal, marking a significant step in expanding its steel production capabilities. This Rs 600 crore investment is set to improve efficiency, boost production by 0.77 MTPA, and enhance the company’s competitive position in India’s growing steel market.
Adani Ports and Special Economic Zone Ltd. has reported a remarkable cargo handling performance in October, achieving 37.9 million metric tonnes. This significant milestone contributes to an 8% year-on-year increase in cargo volumes for the fiscal year to date, driven by strong growth in container traffic and liquid cargo. In addition to impressive financial results, including a 37% rise in net profit, APSEZ's recent acquisition of Gopalpur Port positions the company for further expansion. Dive into the analysis of these developments and what they mean for investors and the logistics sector.
Aditya Birla Capital has reported a striking 42% increase in consolidated net profit for Q2 FY2024, reaching ₹1,001 crore. This impressive growth, fueled by strategic divestments and strong operational performance, highlights the company’s ability to navigate the financial landscape effectively. In this post, we delve into the key factors behind this success and what it means for the future of Aditya Birla Capital.
Deepak Fertilizers & Petrochemicals Corporation achieved remarkable Q2 FY25 results, with a 237% increase in profit after tax and significant growth in Crop Nutrition. Explore the key highlights, sector performances, and future outlook driving this record high in the company’s stock price.
NBCC is launching an ambitious Rs 10,000 crore development initiative in Goa, focusing on six key projects that promise to enhance infrastructure and stimulate economic growth. This self-sustaining model aims to create commercial and residential spaces without direct government funding, marking a significant step in Goa's urban development.
Canara Bank has announced an 11% rise in net profit for Q2 FY2024, reaching ₹4,015 crore, driven by increased income and improved asset quality. explores the bank's financial highlights, the factors behind its growth, and what this means for its future prospects.
In Q2 FY25, Bandhan Bank reported a remarkable 30% increase in net profit, reaching ₹937.4 crore. This blog explores the bank's strong financial performance, including rising net interest income and asset quality challenges. Discover key metrics and market reactions that underscore Bandhan Bank's position in the banking sector.
In Q2, Godrej Properties achieved an impressive five-fold increase in net profit, reaching Rs 335.21 crore, thanks to a robust surge in total income, which more than doubled to Rs 1,346.54 crore. This significant growth highlights the company’s strong performance in the recovering real estate market and sets a positive outlook for future developments and investor confidence.
Rail Vikas Nigam Limited (RVNL) has made headlines by winning a ₹270.78 crore metro project from Maharashtra Metro Rail Corporation Limited, prompting a notable 7% surge in its share price. This blog explores the details of the project, including the construction of ten elevated metro stations, and examines what this win means for RVNL's future in the infrastructure sector.