ABB India Ltd has posted a rise in net profit by 18.75 per cent to Rs 57.45 crore for its second quarter ending June. The Indian unit of the Swedish power equipment firm said revenue grew 6 per cent during the quarter to Rs 1,932.64 crore.
Author: admin (Infratructure Today)
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IL&FS Transport plans to raise Rs.750 crore through rights issue
IL&FS Transportation Networks has said it plans to raise Rs 750 crore via a rights issue to augment its long-term resources.
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Vedanta to issue Rs.2,000-crore NCDs to refinance debt
Vedanta Limited will issue non-convertible debentures (NCD) worth Rs 2,000 crore with an aim to refinance its debt.
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CIL´s e-auction sales at 12% of Q1
Coal India e-auction sales in the first quarter this year once again reached 16 million tonnes (MnT), which is more than the total disposed in the immediate preceding quarter. E-auction volumes were 16 MnT, while realisation from the sales stood at Rs 3,494 crore.
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Coal mine closure, Itarsi fire hits CR revenue
The route relay interlocking (RRI) failure near Itarsi, coupled with the closure of Karnataka-EMTA coal mines, has left the Nagpur division of Central Railway (CR) bleeding. First quarter earnings show the division´s total revenue down by a substantial Rs 21.38 crore.
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Coal prices fall to 12-yr low
Coal futures have fallen to 12-year lows, hit by soaring production and a slowdown in global buying, including from India and China, which have until recently been pillars of strong demand.
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SMARTNESS IS RELATIVE
The word ?smart? has suddenly shot into prominence. Everybody is talking smartly about everything that is turning ?smart?. It all started with smart phones, then spread like wildfire, to smart technology, smart grids, smart schools, smart networks, smart cards, smart buildings, smart what not...and finally settled down with ?smart cities?.
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SETTING SAIL
Over the past few years, maritime industry has been the centre of focus for the country´s EXIM trade. Indian ports and shipping play a vital role in sustaining the country´s growth in trade and commerce.
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Dredging: Opportunities & Challenges
The world population depends heavily on dredging solutions for global trade, coastal defence, urban development, energy supplies, and leisure or tourism. Dredging is an indicator of the development of the coastal states and such sustained development is essential for the social and economic development of the country.
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Porting Ahead
The government has announced a massive investment in India´s ports sector, which is likely to boost the country´s economy. The government has massive plans of developing ten coastal economic regions by reviving the country´s Sagarmala (string of ports) Project.