MP to open industrial office in Ahmedabad, bags Rs 15k cr investment proposals
Bhopal: CM Mohan Yadav on Sunday announced that a new office of the Madhya Pradesh Industrial Development Corporation (MPIDC) will be set up in Ahmedabad to boost industrial growth and streamline investments from Gujarat.
Yadav made the announcement while addressing an investor meet in Surat, where the state secured investment proposals worth Rs 15,710 crore. These proposals are expected to generate employment for 11,250 people, stated an official statement issued following the Surat conclave.
Yadav emphasised that ease of doing business, transparency, fairness and adherence to timelines are key pillars of the state's approach to industrial and commercial growth.
Under the banner of "Industry and Employment Year 2025", Madhya Pradesh is making significant strides in heavy industries, MSMEs, and cottage industries.
Yadav highlighted Madhya Pradesh's industrial potential, geographical advantage, expanding infrastructure, and policy innovations. He underlined the state's 39% agricultural growth rate, skilled human resources and abundant mineral reserves, making it suitable for all sectors—textiles, pharmaceuticals, healthcare, and tourism among them.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock You
Reportingly
Undo
He assured investors that subsidies in the state are directly transferred to beneficiaries' accounts under DBT, ensuring complete transparency. Gujarat, he said, has been a global leader in industry, and under the leadership of Prime Minister Narendra Modi, India has become more secure and prosperous, marked by transformative projects like the Ram Temple in Ayodhya, Mahakal Lok in Ujjain, and the revamped Kashi Vishwanath corridor.
He praised Gujarat for giving the nation leaders like Sardar Vallabhbhai Patel and union home minister Amit Shah and highlighted that diamonds mined in Panna, Madhya Pradesh, are polished in Surat, just as cotton grown in Madhya Pradesh fuels Surat's textile industry.
The session aimed to deepen connections with Gujarat's industrial groups, especially in textiles, chemicals, pharmaceuticals, engineering, and gems & jewellery.
Yadav held one-on-one discussions with representatives of over 18 major companies from these sectors.
Over 400 industry representatives participated in the session. CM Yadav inaugurated the event by lighting the ceremonial lamp. He was felicitated with mementos by members of the Gems & Jewellery Export Promotion Council (GJEPC), South Gujarat Chamber of Commerce and Metaxil.
The CM welcomed investors to set up industries in Madhya Pradesh and assured them of all necessary support.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
8 minutes ago
- Business Standard
Granules India arm receives one observation from USFDA for U.S. facility
Granules India announced that its wholly-owned foreign subsidiary, located in Chantilly, Virginia, USA, has received one observation in Form 483 from the United States Food and Drug Administration (USFDA). In a regulatory filing, the company stated that the USFDA conducted a Pre-Approval Inspection (PAI) at the facility from 23 June to 27 June 2025. At the conclusion of the inspection, the USFDA issued a Form 483 with one observation. Granules Pharmaceuticals, Inc. addressed and resolved the observation during the inspection. The official announcement was made on 27 June 2025, after market hours. Granules India is primarily involved in the manufacturing and sale of active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates (PFIs), and finished dosages (FDs). The companys consolidated net profit rose by 17.3% to Rs 152.03 crore, on a 2.4% increase in total revenue from operations to Rs 1,196.82 crore in Q4 FY25, compared to Q4 FY24. The scrip rose 0.03% to settle at Rs 497.30 on Friday, 27 June 2025.
Economic Times
9 minutes ago
- Economic Times
Ahluwalia Contracts shares in focus after Rs 1,100 crore order wins
Shares of Ahluwalia Contracts (India) are set to be in focus on Monday after the company announced two major construction project wins worth a combined Rs 1,103.56 crore, bolstering its already strong presence in India's residential infrastructure segment. ADVERTISEMENT Ahluwalia Contracts (India) disclosed the contract wins in a regulatory filing dated June 27, to the BSE and NSE, in compliance with Clause 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The first order, worth Rs 821 crore, has been awarded by Whiteland Corporation Pvt Ltd. It pertains to the construction of a residential development named 'URBAN RESORT,' comprising seven residential towers located in Sector-103, Gurugram. The project is scheduled to be executed within 36 months. The second project, valued at Rs 282.56 crore, was awarded by a joint venture between Nestled Haven Estates Private Ltd and Maia Estates Private Ltd. The scope includes civil structure and architectural finishing work for a group housing project named 'The Beacon' in Bengaluru. This project is slated for completion in 32 company clarified that these projects do not involve any related party transactions and confirmed that there is no interest from the promoter, promoter group, or associated companies in the awarding entities. ADVERTISEMENT For the financial year ended March 31, 2025 (FY25), Ahluwalia Contracts reported total revenue of Rs 4,154 crore and net profit after tax of Rs 201.5 crore. In Q4 FY25, the company posted revenue of Rs 1,215.84 crore, up from Rs 1,163.66 crore in Q4 FY24. However, net profit declined to Rs 83.33 crore from Rs 199.80 crore in the corresponding quarter a year stock has been on a rebound in recent months. Despite a nearly 21% fall over the past year and a 4% dip in the last six months, shares have risen 20.5% in the past three months and are up 2% over the last one month. ADVERTISEMENT Technically, the stock is trading above all its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, pointing to bullish momentum across Relative Strength Index (RSI) stands at 65.4, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 10.9 and continues to trade above both the center and signal lines, further supporting a positive technical outlook. ADVERTISEMENT Also read | Stocks in news: Torrent Pharma, Tata Steel, Adani Enterprises, NTPC Green, Asian Paints, HAL (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
9 minutes ago
- Economic Times
BHEL shares in focus after Rs 6,500 crore order win from Adani Power
Shares of Bharat Heavy Electricals Limited (BHEL) are likely to be in focus on Monday, June 30, after the company announced that it has secured an order worth Rs 6,500 crore from Adani Power. ADVERTISEMENT The Letter of Award (LoA) pertains to the supply and commissioning of equipment for six thermal power units of 800 MW each. 'Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award (LoA) from Adani Power Ltd. (APL) for six (6) thermal units of 800 MW,' the company said in an exchange filing. In its stock exchange filing, BHEL confirmed that the LoA includes the supply of Steam Turbine Generators along with auxiliaries, as well as the supervision of erection and commissioning of the units. The thermal power units, each of 800 MW, amount to a cumulative capacity of 4,800 MW. Awarding Entity: Adani Power Limited (domestic entity) Adani Power Limited (domestic entity) Scope: Supply of equipment including Steam Turbine Generator and auxiliaries Supervision of erection & commissioning of 6 thermal units Order Value: Approx. Rs 6,500 crore (exclusive of GST) Approx. Rs 6,500 crore (exclusive of GST) Type of Order: Domestic Domestic Execution Timeline: As per customer's project requirements The order has been placed by a domestic client and does not fall under related party transactions, nor is there any promoter group interest involved in the awarding entity. ADVERTISEMENT The award is expected to strengthen BHEL's order book and operational visibility in the thermal equipment manufacturing space. The company mentioned that execution timelines would be in line with the customer's project shares, on Friday, closed flat with a negative bias at Rs 264.05 on the BSE. ADVERTISEMENT Also read: Nifty ready to scale new highs on bullish mood: Analysts (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
