Latest news with #CMP
Time of India
3 days ago
- Business
- Time of India
Gujarat govt sets up unified transport authority for A'bad, Surat
Gandhinagar: Gujarat govt has set up a Unified Metropolitan Transport Authority (UMTA) to methodically develop the public transport system in Ahmedabad and Surat. The move comes in the wake of directives from the central govt to create specialized bodies for planned urban transport development. The state urban development department has established UMTA to unify transport-related efforts across the two metropolitan regions. The govt resolution (GR) establishing UMTA notes that urban transport systems are crucial to progressive development, daily functionality and economic growth. It highlights that the rapid expansion of cities and metropolitan areas has rendered urban planning more complex, making well-functioning transport systems essential for ongoing development. The GR states that the previous institutional framework lacked integration, creating a need for a unified mechanism. The National Urban Transport Policy, 2006, advocated for UMTA in cities with over a million residents to coordinate urban transport planning and management, addressing overlaps between multiple agencies. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Additionally, under the Metro Rail Policy, 2017, state govts are required to operationalize UMTA in cities with either operational or developing metro projects. The state govt had been considering establishing UMTA for Ahmedabad and Surat to handle proposal formulation, strategy monitoring, policy oversight, regulatory functions, transport demand management and coordination of agencies' implementation works. The state-level UMTA has now been officially created, chaired by the chief secretary, and includes senior IAS and non-IAS officers as members. Govt sources said that UMTA's specified functions for Ahmedabad and Surat include advising the govt on urban transport matters, formulating and administering transport policies, strategies, standards and guidelines and overseeing the integration of multi-modal transport systems in city master plans. "The scope of work of UMTA will also include preparing comprehensive mobility plans (CMP), monitoring multi-year transport programmes, resolving conflicts or overriding submissions lacking integration and approving urban transport initiatives," said a source close to the development. Officials added that the authority has also been mandated to promote integrated transport systems, oversee operations of the Traffic Management and Information Control Centre (TMIC) and National Public Transport Helpline (NPTH). UMTA will also deploy or contract public transport services, recommending fees, fares and charges. The body will also enforce transport regulations and will create and manage an urban transport fund.
Time of India
7 days ago
- Business
- Time of India
Union cabinet nod for phase-II of Pune metro, to cost ₹3,626 crore
NEW DELHI: The Union Cabinet on Wednesday approved Phase 2 of the Pune Metro Rail Project comprising two elevated corridors that span 12.75 km and will be built at a cost of Rs 3,626 crore. The Union Cabinet, at a meeting chaired by Prime Minister Narendra Modi, approved the two corridors under Phase 2 of the Pune Metro Rail Project -- Vanaz to Chandani Chowk and Ramwadi to Wagholi -- as extensions of the existing Vanaz-Ramwadi corridor under Phase 1. "These two elevated corridors will span 12.75 km and include 13 stations, connecting fast-developing suburbs such as Chandani Chowk, Bavdhan, Kothrud, Kharadi and Wagholi. The project is scheduled for completion within four years," Information and Broadcasting Minister Ashwini Vaishnaw said. In a post on X, Modi said Pune is developing in every sector and making a crucial contribution to the country's economy. To further speed up the growth, the government has approved the expansion of its Metro network, the prime minister said, adding it will boost the public transport and make people's lives easier. Vaishnaw said the estimated project cost is Rs 3,626.24 crore, which will be equally shared by the government of India, the government of Maharashtra and external bilateral/multilateral agencies. "This strategic proposal is a logical extension of the existing Corridor-2 and aligns with the Comprehensive Mobility Plan (CMP), which envisions a continuous Chandani Chowk to Wagholi Metro corridor to strengthen East-West mass transit in Pune," Vaishnaw said. The minister said these extensions will serve key IT hubs, commercial areas, educational institutions and residential pockets, increasing the share of public transport and ridership across the network. "The new corridors will also integrate at the District Court Interchange Station with Line-1 (Nigdi-Katraj) and Line-3 (Hinjewadi-District Court) to enable seamless multimodal urban travel," he said. Under long-term mobility planning, intercity bus services from cities like Mumbai and Bengaluru will be integrated at Chandani Chowk, while those from Ahilya Nagar and Chhatrapati Sambhaji Nagar will connect at Wagholi, allowing passengers easy access to Pune's Metro system. "These extensions will also help decongest arterial routes such as Paud Road and Nagar Road, offering safe, fast and eco-friendly mobility options," the minister said. After completion of these corridors, the projected incremental daily ridership for the entire Line-2 is estimated at 0.96 lakh in 2027, 2.01 lakh in 2037, 2.87 lakh in 2047 and 3.49 lakh in 2057. The project will be implemented by Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will execute all civil, electro-mechanical and related works. Pre-construction activities such as topographical survey and detailed design consultancy have already commenced, the minister said. This strategic expansion is poised to unlock Pune's economic potential, enhance its urban transport infrastructure and contribute significantly to sustainable and inclusive development across the metropolitan region, Vaishnaw said.
Yahoo
25-06-2025
- Business
- Yahoo
Compass Minerals International, Inc. (CMP): A Bull Case Theory
We came across a bullish thesis on Compass Minerals International, Inc. on The Lion's Roar - Outside the Box Investments' Substack by Dominick D'Angelo. In this article, we will summarize the bull's thesis on CMP. Compass Minerals International, Inc.'s share was trading at $19.67 as of June 24th. CMP's forward P/E was 23.70 according to Yahoo Finance. Tim Roberts Photography/ Compass Minerals (CMP) presented a compelling opportunity after an ~85% share price collapse, which led to severely depressed sentiment and set the stage for a high-conviction turnaround bet. The team's deep research—highlighted by distributor interviews, FOIL requests, and competitor site checks—helped form a differentiated and bullish view. Estimates going into the quarter were well above consensus, and the company exceeded even those elevated expectations. Salt revenue came in at $433 million, up 39% year-over-year, driven by colder-than-average weather that boosted highway deicing and C&I demand. A $147 million inventory reduction helped generate ~$170 million in free cash flow, with further working capital benefits expected in Q3. EPS estimates were revised materially upward across 2025–2027 on better pricing and volumes. Despite elevated production costs in Q2, likely due to lower Goderich output, capacity utilization is nearing 100%, and depots are empty ahead of the winter season, implying a robust bidding cycle. Contracts locked in during the inventory glut of mid-2024 saw a 5.2% pricing decline, but with inventories now depleted and producers unable to meet demand, Compass is positioned to capture higher-margin emergency orders. Market checks show prices spiking as high as $82/ton in some counties versus the $71/ton average reported in Q2. As volumes normalize, Compass should see margin improvement and operating leverage kick in. Meanwhile, the plant business posted improved volumes and its first y/y price increase since Q2 2023, aided by cost-cutting at Utah. With valuable assets, falling leverage, and a favorable market backdrop, CMP remains deeply undervalued despite its recent rally. Previously, we covered a s on Compass Minerals International, Inc. (CMP) by Dominick D'Angelo in March 2025, which highlighted its salt dominance, cost cuts, and early winter tailwinds. The company's stock has appreciated ~105% since our coverage, as the thesis played out. Dominick D'Angelo shares a similar view but emphasizes deeper research and operational momentum in the latest thesis. Compass Minerals International, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held CMP at the end of the first quarter, which was 31 in the previous quarter. While we acknowledge the risk and potential of CMP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.
Hindustan Times
25-06-2025
- Business
- Hindustan Times
Union cabinet approves Phase 2 of Pune Metro, to cost ₹3,626 crore
NEW DELHI: The Union Cabinet on Wednesday approved Phase 2 of the Pune Metro Rail Project from Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B) at a cost of ₹ 3626.24 crore as extensions of the existing Vanaz–Ramwadi corridor under Phase -1. Once these corridors are completed, the projected incremental daily ridership for the entire Line 2 is estimated at 96,000 in 2027, 2.01,000 in 2037, 2,87,000 in 2047, and 3,49,000 in 2057 (FILE ) These two elevated corridors will span 12.75km and include 13 stations connecting fast-developing suburbs such as Chandani Chowk, Bavdhan, Kothrud, Kharadi, and Wagholi. The project is scheduled for completion in four years, a government statement on the cabinet decision said. 'This strategic proposal is a logical extension of the existing Corridor-2. It aligns with the Comprehensive Mobility Plan (CMP), which envisions a continuous Chandani Chowk to Wagholi Metro corridor to strengthen East–West mass transit in Pune,' the statement said. These extensions would serve key IT hubs, commercial areas, educational institutions, and residential pockets, increasing the share of public transport and ridership across the network. The new corridors will also integrate at the District Court Interchange Station with Line-1 (Nigdi–Katraj) and Line-3 (Hinjewadi–District Court) to enable seamless multimodal urban travel, it added. 'The approval to extend Pune Metro's Vanaz- Ramwadi corridor is a welcome step aligned with the city's Comprehensive Mobility Plan. Connecting Wagholi and Bavdhan will offer faster, reliable transport to thousands,' Pranjal Kulkarni, program manager at the Institute for Transportation and Development Policy, India, said. Kulkarni added that to encourage metro use, strong feeder and last-mile connectivity, especially seamless integration with PMPML (Pune Mahanagar Parivahan Mahamandal Limited) buses, was vital. 'Local area planning around stations, with better walkability, cycling infrastructure, and parking management, will also help boost ridership and ease traffic congestion,' he said.. The estimated project cost would be equally shared by the government of India, the Maharashtra government and external bilateral/multilateral agencies. The statement added that intercity bus services from cities such as Mumbai and Bengaluru would be integrated at Chandani Chowk, while those from Ahilya Nagar and Chhatrapati Sambhaji Nagar will connect at Wagholi, allowing passengers to easily access Pune's metro system. These extensions will also help decongest arterial routes such as Paud Road and Nagar Road, offering safe, fast, and eco-friendly mobility options. Once these corridors are completed, the projected incremental daily ridership for the entire Line 2 is estimated at 96,000 in 2027, 2.01,000 in 2037, 2,87,000 in 2047, and 3,49,000 in 2057. The project would be implemented by Maharashtra Metro Rail Corporation Limited (Maha-Metro), which would execute all civil, electro-mechanical, and related works. Pre-construction activities such as topographical survey and detailed design consultancy have already commenced, the statement added.
India Gazette
25-06-2025
- Business
- India Gazette
Cabinet clears Rs 3,626 crore Pune Metro phase-2 to boost east-west connectivity
New Delhi [India], June 25 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Phase-2 of the Pune Metro Rail Project, clearing two elevated corridors--Vanaz to Chandani Chowk and Ramwadi to Wagholi--as extensions of the existing Vanaz-Ramwadi line, aimed at boosting East-West connectivity and linking key suburbs, IT hubs, and transport nodes across the city, as per the Cabinet's statement. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Pune Metro Rail Project Phase-2: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B), as extensions of the existing Vanaz-Ramwadi corridor under Phase-1. These two elevated corridors will span 12.75 km and include 13 stations, connecting fast-developing suburbs such as Chandani Chowk, Bavdhan, Kothrud, Kharadi, and Wagholi. The project is scheduled for completion within four years, the statement read. The estimated project cost is Rs 3626.24 crore, to be equally shared by the Government of India, the Government of Maharashtra, and external bilateral/multilateral agencies. This strategic proposal is a logical extension of the existing Corridor-2 and aligns with the Comprehensive Mobility Plan (CMP), which envisions a continuous Chandani Chowk to Wagholi Metro corridor to strengthen East-West mass transit in Pune. According to the statement, these extensions will serve key IT hubs, commercial areas, educational institutions, and residential pockets, increasing the share of public transport and ridership across the network. The new corridors will also integrate at the District Court Interchange Station with Line-1 (Nigdi-Katraj) and Line-3 (Hinjewadi-District Court) to enable seamless multimodal urban travel. Under long-term mobility planning, intercity bus services from cities like Mumbai and Bengaluru will be integrated at Chandani Chowk, while those from Ahilya Nagar and Chhatrapati Sambhaji Nagar will connect at Wagholi, allowing passengers to easily access Pune's Metro system. These extensions will also help decongest arterial routes such as Paud Road and Nagar Road, offering safe, fast, and eco-friendly mobility options, it further read. After completion of these corridors, the projected incremental daily ridership for the entire Line 2 is estimated at 0.96 lakh in 2027, 2.01 lakh in 2037, 2.87 lakh in 2047, and 3.49 lakh in 2057. The project will be implemented by Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will execute all civil, electro-mechanical, and related works. Pre-construction activities such as topographical survey and detailed design consultancy have already commenced. This strategic expansion is poised to unlock Pune's economic potential, enhance its urban transport infrastructure, and contribute significantly to sustainable and inclusive development across the metropolitan region, the statement added. (ANI)
