Shyam Metalics & Energy has officially commissioned a new blast furnace and launched a sinter plant at its Jamuria facility. With an investment of Rs. 600 crore, this significant new development aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries.
Posts in category Business Standard
JSW Steel records consolidated crude steel production of 22.81 lakh tonne for Oct’24 (05-11-2024)
JSW Steel reported consolidated Crude Steel production for the month of October’24 at 22.81 Lakh tonnes.
Route Mobile – Billeasy launch RCS-based ticketing and Google Wallet services for L&T Metro Rail Hyderabad commuters (05-11-2024)
Route Mobile has partnered with Billeasy E Solutions (Billeasy), a Mumbai-based integration partner, to launch a unique ticketing experience for the L&T Metro Rail Hyderabad commuters. This initiative leverages Rich Communication Services (RCS) and Google Wallet services to enable commuters to easily book e-tickets, save them in Google Wallet, and access them across multiple channels. This innovative solution streamlines the metro ticketing process, providing commuters with more convenient and efficient journeys.
IEX records 4% YoY growth in electricity traded volumes in Oct’24 (05-11-2024)
Indian Energy Exchange achieved electricity traded volume of 9,642 MU in October’24, marking a 4% year on year increase. During the month, IEX traded 4.44 lakh renewable energy certificates recording a 105% year on year increase.According to government data published in October 2024, the country’s energy consumption reached 140.4 BUs, marginal increase of 1% compared to the previous year. The Market Clearing Price in the Day Ahead Market at Rs 3.92/unit during October 2024, declined 39%year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.77/unit during October 2024, declined 38% year-on-year. These prices present an opportunity for Discoms and Open Access consumers to replace costlier power through purchasing through exchanges.
Sicagen India consolidated net profit rises 218.46% in the September 2024 quarter (05-11-2024)
Sales rise 9.79% to Rs 197.71 crore
Shekhawati Industries standalone net profit declines 69.12% in the September 2024 quarter (05-11-2024)
Sales rise 20.17% to Rs 17.87 crore
K.P. Energy secures 1003.7 MW renewable energy projects (05-11-2024)
The Company will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project. This inter-alia entails activities such as designing,
supply, construction, erection, testing, commissioning and securing the necessary approvals and permits for the Project.
Parliament Winter Session to commence from November 25th (05-11-2024)
A special session is planned on November 26th to commemorate the 75th anniversary of the adoption of the Indian Constitution. The event will be held in the Central Hall of Parliament.
DB (International) Stock Brokers consolidated net profit declines 19.44% in the September 2024 quarter (05-11-2024)
Sales rise 25.33% to Rs 12.37 crore
Mankind Pharma consolidated net profit rises 30.43% in the September 2024 quarter (05-11-2024)
Sales rise 13.60% to Rs 3076.51 crore