JK Paper Limited reported its financial results for the quarter ended September 30, 2024, showcasing a solid turnover of Rs. 1,777 crore on a consolidated basis. However, the company grappled with profitability due to elevated wood costs and increased competition from lower-priced imports. Despite these challenges, JK Paper’s EBITDA stood at Rs. 295 crore, while […]
A tragic accident at the Patna Metro construction site late Monday night has left two workers dead and several others injured, casting a somber shadow over one of Bihar’s largest urban infrastructure projects. The incident, which occurred at the tunnel site near NIT Mode along Ashok Rajpath, saw heavy construction machinery malfunction, causing a soil […]
Sagar Cements Ltd. has reported a 19% decline in revenue for the second quarter of FY25, amounting to ₹475 crore, down from ₹587 crore in the same period last year. The dip highlights the ongoing challenges faced by the cement industry, particularly due to adverse weather conditions and sluggish project completions impacting demand. Sales volume […]
The much-anticipated Waaree Energies IPO is closing today, October 23, 2024, after three days of intense investor interest. The IPO, priced between ₹1,427 and ₹1,503 per share, has shown remarkable traction, with the grey market premium (GMP) standing at an impressive ₹1,375. This substantial GMP indicates a possible listing price of around ₹2,878 per share, […]
Waaree Energies, one of India’s largest solar module manufacturers, is all set to launch its much-anticipated Initial Public Offering (IPO) from October 21 to October 23, 2024. With its impressive track record and expanding capacity, the IPO has generated considerable buzz in the market. Investors are eager to participate, expecting significant returns from this key […]
Suzlon Group and Jindal Renewables have signed a significant agreement for a 400 MW captive wind power project, targeting the decarbonisation of India’s steel production processes. This collaboration constitutes a substantial advancement for renewable energy integration within heavy industry and underscores India’s broader transition towards sustainable and environmentally responsible manufacturing practices. The wind power initiative, […]
National Aluminium Company Limited (NALCO), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Mines, Government of India, has set unprecedented records in production and sales during the financial year 2023-24. NALCO’s cast metal production soared to an all-time high of 4,63,428 metric tonnes, while the company also posted a significant export turnover […]
Wonderla Holidays, India’s largest amusement park chain, marked a pivotal moment in its expansion journey with the grand opening of its latest amusement park in Bhubaneswar. The opening ceremony, officiated by Odisha’s Deputy Chief Minister Pravati Parida, reflects Wonderla’s commitment to enhancing the country’s tourism and entertainment sectors. The new park signifies a bold step […]
Tata Steel has made a significant leap in India’s steel industry by commissioning the country’s largest blast furnace at its Kalinganagar facility in Odisha. With an investment of ₹27,000 crore, this project is set to ramp up the site’s crude steel capacity from 3 million tonnes per annum (MTPA) to a staggering 8 MTPA, solidifying […]
State-owned power company NTPC has greenlit a massive Rs 20,922 crore investment in two key power projects while moving forward with an IPO launch for its renewable arm. The dual developments have raised questions for investors: buy, sell, or hold?