Page 3 - Aditi Divekar

Manufacturing firms list green goals; environmentalists say more needed

Tata Power was the first power company to declare a net-zero target for itself

Vedanta to invest $20 bn across businesses, double silver and steel output

Timeline for investment not given; Firm looks to ramp up domestic production in oil and gas by up to 50%

Hindalco Q1 consolidated PAT at Rs 2,787 cr vs loss of Rs 709 cr a year ago

The Aditya Birla Group firm's topline stood at Rs 41,358 crore, up 63% from same period last year with Novelis contributing strongly at Rs 28,428 cr

Adani, Essar and DP World in race to develop Rs 2,500-crore ports

The tenders of VO Chidambaranar Port Trust and Paradip Port have received interest from Adani Ports and Special Economic Zone, Dubai government-owned DP World, Essar, and others

India's economic recovery 'delayed' not 'derailed': L&T chief A M Naik

Says given the scale of India's infra deficit, the company is optimistic about govt's intent to complete projects as envisaged in the National Infrastructure Pipeline

Hindustan Zinc gets down to check rising coal costs, meet ESG commitment

Company could relook at FY22 guidance if it is unable to check costs, says CEO.

Allcargo Logistics arm forms JV with Swedish firm to expand in Europe

Acquires 65% stake in JV to become market leader in Nordic region, continue its focus on offering multi-modal digital logistics services

JSW Cement to raise up to Rs 1,500 crore from two global equity investors

Deal structured as a PE deal with compulsorily convertible preference shares issued to the investors; conversion into equity will be based on performance and valuation at the time of IPO

Adani Ports raises $750 mn overseas via long-term bonds in two tranches

Coupon rates for the 20-year bonds and 10.5-year tranche were fixed at 5% and 3.8% respectively

Vedanta consolidated Q1 PAT up four-fold at Rs 4,224 cr on revenue spike

Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline

L&T Q1 consolidated net surges four-fold at Rs 1,174 cr on higher revenue

The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year

Vedanta looks to focus on long product steel with upcoming capacity

Firm will enhance facilities to high carbon electrical steel, other value added products. It is working to double capacity to 3 million tonnes for which it has invested Rs 3,000 crore

Cabinet okays scheme to promote India-owned ships with subsidy support

As per the scheme, a subsidy of Rs 1,624 crore over five years to domestic shipping companies will be given in global tenders floated by Ministries and central PSEs

Cement demand recovers in June; capex calls disregard second wave: Ind-Ra

The June volumes would have come despite rains affecting construction in some parts of the country, causing 35-40 per cent YoY growth in Q1FY22 on a low base

'Adani Group's listed entities crossed $100-bn m-cap in first week of FY22'

All Adani stocks generated returns over 100 percent in FY21- and the businesses ensured that the Group returned close to Rs 9,500 crore rupees to equity shareholders.

Cochin Shipyard is gearing up for strong top line in FY22: Madhu Nair

For FY22, the company said its current order book size stands at Rs 12,000 crore, which includes private, government and navy shipbuilding and ship repairs

Rising global steel prices may tone down a bit as supply eases:CARE Ratings

Led by China and India, world steel production grew 15% YoY during the first five months of CY21

Steel companies reduce prices by Rs 1,200-2,000 a tonne across products

Companies say, correction may be temporary

Icra cuts cement, road logistic growth outlook for FY22 due to second wave

Cement volumetric growth seen declining by 10%, road logistics at 6%

Outlook for exports of engineering goods looks strong for rest of CY 2021

India's engineering goods exports continued the uptrend and posted a 52.61 per cent increase in June 2021 over the same period last year