Mumbai, April 15 (IANS) Industrial gearbox manufacturer and a premier material handling equipment (MHE) provider Elecon Engineering Company Limited on Wednesday reported a sharp 96 per cent drop in its net profit to Rs 6 crore for the fourth quarter (Q4) of FY26, mainly due to a large exceptional loss during the period.The company had posted a net profit of Rs 146.48 crore in the same quarter previous financial year (Q4 FY25), according to its stock exchange filing.The steep decline in profit wa…
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Jaipur, April 3 (IANS) Rajasthan Chief Minister Bhajan Lal Sharma on Friday said that ensuring waterway connectivity for the transportation and export of goods from industries within the state is among the top priorities of the government, and directed officials to prepare a comprehensive report to advance the proposed Jawai–Luni–Rann of Kutch National Waterway (NW-48).Chairing a meeting at the Chief Minister’s Office on National Waterway-48, Sharma instructed the Inland Waterways Authorit…
Hyderabad, April 1 (IANS) Bharat Rashtra Samithi (BRS) working president K. T. Rama Rao has written a letter to Railways minister Ashwini Vaishnaw, urging the immediate formation of a new Railway Division with headquarters at Kazipet in Telangana. Rama Rao highlighted that the ongoing restructuring within the South Central Railway and operationalisation of the South Coast Railway have placed an excessive operational burden on the Secunderabad Division. As per the latest restructuring data,…
New Delhi, March 20 (IANS) The combined index of India’s eight core infrastructure industries increased by 2.3 per cent in February this year compared to the corresponding figure for the same month of the previous year, according to data released by the Commerce and Industry Ministry on Friday.The production of cement, steel, fertilisers, coal, and electricity recorded positive growth in February.Steel production recorded a 7.2 per cent increase in February over the same month of the previous …
New Delhi, March 19 (IANS) India’s thermal power plants have adequate coal stocks of around 53.41 million tonnes which are adequate for nearly 23 days at the present rate of consumption, and further stocks are also being built up at the pitheads of coal mining companies as a proactive measure to meet any exigency amid the disruption in oil and gas supplies due to the Iran war, the Ministry of Coal said on Thursday.The pithead coal stock at the mines of Coal India Limited (CIL), which was 106.78 …
New Delhi, March 13 (IANS) As global supply chains face recurring disruptions from geopolitical tensions and shifting trade routes, resilient infrastructure and logistics networks will be critical to sustaining economic growth, said Karan Adani, Managing Director (MD), Adani Ports and Special Economic Zone (APSEZ), and Director, Adani Cement, at the annual leadership summit of a media group here on Friday.He noted that the ongoing crisis in West Asia has highlighted the vulnerability of global t…
New Delhi, March 9 (IANS) The government has assured highway construction companies that supplies of key raw materials such as bitumen, cement and diesel will remain adequate despite logistics disruptions linked to the US-Iran war, sources said.Citing sources, a report from NDTV Profit said that officials from the National Highways Authority of India met with members of the National Highways Builders Federation after contractors raised concerns about delays in truck movements and ship offloading…
New Delhi, March 6 (IANS) Indian Railways’ freight revenue rose 2.97 per cent year-on-year to Rs 14,571.99 crore in February, the government said on Friday.In the corresponding month last year, freight revenue stood at Rs 14,151.96 crore.According to Railways Ministry, freight loading increased 3.96 per cent YoY to 137.72 million tonnes (MT) during the month, compared with 132.48 MT in February last year.While transport output measured by Net Tonne Kilometres (NTKM) rose 4.18 per cent to 76,00…
New Delhi, Feb 20 (IANS) The combined index of the country’s eight core infrastructure industries increased by 4 per cent in January this year compared to the corresponding figure for the same month of the previous year, propelled by the strong performance of the steel and cement sectors, according to official data released by the Commerce and Industry Ministry on Friday.The production of electricity, fertilisers, and coal also recorded positive growth in January.Steel production recorded a ro…
Jaipur, Feb 14 (IANS) The sixth meeting of the Board of Investment was held on Saturday at the Chief Minister’s residence under the chairmanship of CM Bhajan Lal Sharma. During the meeting, customised incentive packages were approved for 10 ultra mega projects across key sectors, aimed at attracting investment worth Rs 46,000 crore to Rajasthan. These projects are expected to generate employment opportunities for more than 12,000 people across the state.The approved proposals include major inv…