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Business Standard
16 minutes ago
- Business Standard
Indian exporters optimistic as Bangladesh plans to import 9 lakh tonne rice
Indian rice millers and exporters are upbeat about Bangladesh's "plan to import 9 lakh tonnes of rice", anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. With India accounting for 46 per cent of global rice exports, the country is expected to "emerge as the primary beneficiary of the move for its proximity, availability, and competitive pricing", they said. "Of the total import plan, 4 lakh tonnes will be procured directly by the Bangladesh government through international tenders, while another 5 lakh tonnes will be imported by private traders of the neighbouring country. The decision comes earlier than usual, amid fear of crop loss due to heavy rain that could impact Bangladesh's Amon paddy currently being sown," Ricevilla Foods CEO Suraj Agarwal told PTI. Jai Baba Bakreswar Rice Mill Director Rahul Agarwal said the rice industry in the country, especially in Bengal, is well-positioned to benefit from the proposed plan by the Bangladesh authorities, and he did not foresee any diplomatic hurdle amid India's curbs on the import of garments and jute through the Petrapole border. "At least 30-40 per cent of the private imports will likely be sourced from Bengal mills and traders. Bengal mills will also participate in the government tenders for 4 lakh tonnes. States like Bengal, Jharkhand, Andhra Pradesh, Odisha, and Bihar will benefit the most," he said. Popular Indian rice varieties such as 'Swarna', 'Ratna', 'Miniket', and 'Sona Masoori' are expected to see price gains in both West Bengal and southern India amid the anticipated demand surge, he said. Prices of 'Swarna Mansoori' parboiled rice, now at Rs 29 per kg (ex-mill), may rise to Rs 31-32, while 'Miniket' variety currently being sold at Rs 41-42, could touch Rs 45 per kg in the coming weeks, Suraj Agarwal said. Bangladesh's early import plan reflects "precautionary steps ahead of possible floods during the Amon season", the stakeholders said. The Bangladesh government has already procured 3.76 lakh tonnes of Boro paddy and 9.50 lakh tonnes of rice against a target of 14 lakh tonnes, with procurement set to conclude by mid-August, according to reports. From August, Bangladesh proposed to expand its food-friendly programme to 55 lakh families, providing 30 kg of rice per month at Tk 15 per kg during August, September, October, November, February, and March, the reports suggested. Exporters believe the development will further strengthen "India's position as Bangladesh's key rice supplier while firming up prices for low-to-medium rice varieties in the domestic market". Visakhapatnam and Paradip ports are major ones for rice exports. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
26 minutes ago
- News18
Kalpataru pre-sales jump 41 pc to Rs 4,531 cr in FY25 on better housing demand
Last Updated: Mumbai, Jul 20 (PTI) Realty firm Kalpataru Ltd has clocked a 41 per cent growth in its pre-sales to Rs 4,531 crore in the last fiscal, driven by higher demand for residential properties. Kalpataru Ltd, one of the leading real estate developers in the country, has recently been listed on the stock exchanges. 'For the full FY25, pre-sales were at Rs 4,531 crore, up 41 per cent YoY (year-on-year)," Kalpataru Ltd said in a presentation to analysts and investors. In 2023-24, the Mumbai-based company sold properties worth Rs 3,202 crore. In the last fiscal, the company launched 7 new projects, totalling 6.5 million square feet of saleable area. Last fiscal, Kalpataru Ltd signed development agreements (DA) for two new society redevelopment projects with an estimated GDV (gross development value) of Rs 2,100 crore. During the entire 2024-25, Kalpataru Ltd posted a net profit of Rs 21.62 crore against a loss of Rs 94.98 crore in the preceding year. The total income increased to Rs 2,331.59 crore last fiscal from Rs 2,039.93 crore in the 2023-24. The company's net debt stood at Rs 9,310 crore at the end of March this year, down by Rs 673 crore compared to March 2024. Kalpataru Ltd raised Rs 1,590 crore in equity through IPO (Initial Public Offering) in June 2025. Out of this, Rs 1,192.5 crore have been utilised for debt repayment as on date in line with the objects of the issue. As a result, the net debt-to-equity number has further improved, the presentation said. Kalpataru Ltd has completed 77 real estate projects (18.4 million sq ft area). It has 35 ongoing, forthcoming and planned projects with a developable area of 47.3 million square feet. The company has a significant presence in the Mumbai Metropolitan Region (MMR) and Pune markets. PTI MJH BAL BAL view comments First Published: July 20, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India Today
37 minutes ago
- India Today
At 13,700 feet along LAC, India's highest airfield set to open in Ladakh
In a boost to national security and connectivity along the Line of Actual Control (LAC), India's highest airfield at Mudh-Nyoma in eastern Ladakh is set to become fully operational by October. Situated at an altitude of about 13,700 feet, Nyoma is the closest Advanced Landing Ground (ALG) to the new airfield will allow quick mobilisation of defence forces and enhance strategic capabilities in the region. It features a newly built 3-kilometre runway designed to support emergency operations. Approved in 2021, the project had a budget of approximately Rs 214 high elevation and proximity to the LAC make Nyoma a strategic asset. It enables faster deployment of resources to India's northern borders, especially in remote and mountainous areas where ground transport is difficult. The development of Nyoma ALG comes at a time when India is rapidly expanding its border infrastructure. After the standoff with China began over four years ago, India has accelerated work on roads, tunnels, and bridges in Ladakh and nearby regions to improve response and logistics importance has grown after recent military disengagements between India and China at Demchok and Depsang Plains. Though patrolling has resumed, the airfield's closeness to these areas makes it valuable for rapid deployment during any ALGs like Nyoma are not just for defence—they also support civilian flights and help improve transport and services for remote communities.- Ends IN THIS STORY#Ladakh
