New Delhi, June 3 (IANS) Union Minister for Micro, Small and Medium Enterprises (MSME), Jitan Ram Manjhi, held a high-level meeting with senior officials to review the measures required to protect MSMEs from the adverse fallout of the West Asia crisis, according to an official statement issued on Wednesday. The Minister directed the officials to closely monitor the evolving situation and develop timely and appropriate strategies to effectively address any potential challenges regarding the avail…
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New Delhi, May 22 (IANS) India’s capital goods industry is projected to see a revenue growth of 12-14 per cent this fiscal, buoyed by sustained government spending, steady capacity expansion in power, mining, oil and gas, metal and auto-linked sectors, and increasing opportunities from emerging segments such as data centres and electric vehicle (EV) infrastructure, a report showed on Friday.The ongoing developments in West Asia are unlikely to materially impact growth as diversified order book…
New Delhi, May 22 (IANS) The Indian organised gold jewellery retail sector, comprising jewellery, coins and bars, is poised to achieve a robust revenue growth of 20-25 per cent year-on-year this fiscal (FY27), driven by higher realisations, despite the expected decline in volume due to high prices of gold and recent policy measures to curb imports of the metal, a new report showed on Friday.High prices of gold will lead to increased inventory holding costs and higher bank borrowings. However, an…
Ahmedabad, May 4 (IANS) Ambuja Cements Limited, part of the Adani Group portfolio, on Monday reported a robust financial performance for the quarter and financial year ended March 31, achieving its highest-ever quarterly revenue of Rs 10,915 crore and marking a 9 per cent year-on-year (YoY) growth.The cement major also recorded its highest-ever quarterly sales volume at 19.9 million tonnes, up 10 per cent compared to the same period previous fiscal year, according to its stock exchange filing.Op…
Ahmedabad, April 30 (IANS) ACC Limited, part of the Adani Cement portfolio, on Thursday reported a strong financial performance for FY26 with revenue from operations rising 18 per cent year-on-year (YoY) to Rs 25,962 crore, while operating EBITDA stood at Rs 2,950 crore.The company also achieved its highest-ever annual sales volume at 43.9 million tonnes, according to its stock exchange filing.Commenting on the performance, ACC CEO Vinod Bahety said the company delivered sustained growth driven …
Ahmedabad, Jan 30 (IANS) Adani Group’s Ambuja Cements on Friday posted strong results for the October-December quarter (Q3 FY26), with net profit surging 258 per cent year-on-year at Rs 3,781 crore with highest-ever quarterly volume at 18.9 million tonnes, up 17 per cent (on-year).While revenue was up 20 per cent, EBITDA rose 53 per cent at Rs 1,353 crore in the quarter.With net worth at Rs 69,854 crore (up by Rs 361 crore), the cement major remains debt free and continues to maintain highest …
New Delhi, Jan 1 (IANS) GAIL Gas Limited on Thursday announced to reduce the cost of domestic Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) by Rs 1 per SCM (Standard Cubic Meter) and Rs 1 per kg respectively, across all its authorised areas in the country.The price cut comes into effect from January 1 in GAIL Gas Geographical Areas (GAs) in Uttar Pradesh, Karnataka, Madhya Pradesh, Haryana, Uttarakhand, Jharkhand, Chhattisgarh, Rajasthan and Odisha.“The Ministry of Petroleum and Nat…