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Hindustan Times
a day ago
- Business
- Hindustan Times
Haryana: Wheat yield up by 30% in last decade: Data
The wheat yield per hectare (Ha) in the country grew from 2,750 kgs during 2014-15 rabi season to 3,587 kgs in 2024-25, which is nearly a 30% increase, the Karnal-based ICAR-Indian Institute of Wheat and Barley Research (IIWBR) said. Accordingly, the wheat yield stood at 3,587 Kg/Ha for this season, recording a mild increase from 3,559 kg/Ha from last year, while annual production also rose from 113.29 million tonnes (MT) in 2023-24 to 117.51 MT this season. (HT File) Wheat scientists said that yield refers to the amount of crop produced per unit of land area, typically measured in kilograms or tonnes per hectare. Yield is considered a key indicator for agricultural productivity and quality of land, reflecting how much crop is produced from a particular area, they said. Accordingly, the wheat yield stood at 3,587 Kg/Ha for this season, recording a mild increase from 3,559 kg/Ha from last year, while annual production also rose from 113.29 million tonnes (MT) in 2023-24 to 117.51 MT this season. The data was prepared according to the third estimate figures by the union ministry of agriculture and farmers welfare released last month. The ministry is likely to release fourth and final estimate by end of July or August, the scientists said. Figures shared by IIWBR, also showed that the country witnessed a 36% rise in annual production from 86.52 MT in 2014-15 to 117.51 MT in a decade's time, while also recording an increase in area under wheat from 314.6 lakh hectares to 327.6 lakh hectares during the period. During the last season, the area under wheat was 318.33 lakh hectares. Wheat production more than target As per the figures of the third estimate, the wheat production achieved this year so far (117.51 MT) is slightly above than the target of 115 MT. This is an all-time high in the history of wheat production in India. India is the world's second-largest wheat grower after China. During an interaction with Hindustan Times, IIWBR director Ratan Tiwari highlighted that the deployment of climate resilient seed varieties and assured price on crop are primary reasons behind this record. 'DBW187, DBW303, DBW222, HI1634 and HD3386 were the top breeder seed indented varieties distributed by the institute to the farmers in the country. We consider DBW187 as a mega variety or pan-India variety. Better reach for the seeds is also the reason there has been a whooping rise in wheat yield in the last one decade,' he said. 'Moreover, there is a growing awareness among the farmers about changing weather patterns and they are shifting more to new heat-tolerant varieties. I believe that despite temperature fluctuation during the early months of this year, there was no fall in productivity, because of these seed varieties. Also, no disease and crop lodging also helped in achieving this. The grain quality also appears good,' he added.
Hindustan Times
3 days ago
- Hindustan Times
Muktsar cracker factory blast: Four weeks on, cause of explosion still unknown
Four weeks after five migrant workers were killed and 27 others sustained injuries due to a blast at an illegal cracker factory at a Muktsar village, the cause of the explosion is still unknown as forensic experts have not submitted the analysis report. Four weeks after five migrant workers were killed and 27 others sustained injuries due to a blast at an illegal cracker factory at a Muktsar village, the cause of the explosion is still unknown as forensic experts have not submitted the analysis report. (HT File) Investigators said on Thursday that a resident of Shamli in Uttar Pradesh, Nikunj Goyal, has been identified as the main supplier of the raw material used in the cracker production unit located at Fatuhiwala village. They said that as Nikunj is evading arrest, it is not known how he procured a huge volume of explosives and other material used in producing firecrackers. Muktsar superintendent of police (investigation), Manmeet Singh Dhillon, said that Nikunj supplied the material through a Karnal-based middleman, Prashant Goyal. Dhillon, who is heading a special investigation team (SIT) to probe the matter, said Nikunj has been nominated in the crime and coordinated efforts are on to arrest him. He said that they are awaiting a forensic report to ascertain the cause of the fatal accident. 'Prashant hails from Assandh in Karnal, and he provided the explosive materials used for cracker production in Muktsar. Factory owners Tarsem Singh and his son, Navraj Singh, had tied up with Prashant to get raw material to start a fireworks factory without obtaining authorisation from the district administration. Besides these three, labour contractor Raj Kumar has already been arrested,' said Dhillon. Police officials said that the fatal mishap could have been caused by a short circuit in the electrical supply at the unit or human error. 'When the explosion occurred on May 30 at 2 am, rain and thunderstorms were reported in the area. There is also a chance that climatic conditions played a role in the explosion at the highly inflammable work station, which was built without safety arrangements,' said an official privy to the probe. Official sources said that no major sign of fire was spotted at the mishap spot. Victims belonged to Uttar Pradesh and they were hit when a blast ripped through an illegal firecracker manufacturing and packaging unit and brought the two-storeyed building down located in the fields. The blast occurred in one of the rooms in the factory, leading to the roof collapse. Most of them had joined work less than a fortnight before the mishap and they were hired by the labour contractor, Raj Kumar, a native of Hathras, UP. As per the information, the accused, Tarsem, unsuccessfully tried setting up a poultry farm and then an RO (reverse osmosis) water treatment plant. After failing in both ventures, he started the firecracker factory. According to the deputy commissioner, Abhijeet Kaplish, the accused had applied to obtain a licence for running a cracker manufacturing unit in March. The permission was not granted as the stringent safety clearance was not accorded to him, the DC added.
Economic Times
20-06-2025
- Business
- Economic Times
Oswal Pumps set to debut today. GMP signals modest listing gain
Oswal Pumps is scheduled to make its debut on the NSE and BSE on Friday after a strong response to its Rs 1,387 crore IPO, which closed on June 17. Market participants are eyeing a listing premium of around Rs 41, going by the latest grey market premium (GMP), which indicates a possible upside of 6–7% over the issue price of Rs 614 per share. ADVERTISEMENT The IPO, which comprised a fresh issue of shares worth Rs 890 crore and an offer for sale of Rs 497.34 crore, was subscribed 34.42 times overall. The Qualified Institutional Buyers (QIBs) portion led the charge with a subscription of 88.08 times, followed by 36.70 times in the NII segment, and 3.60 times in the retail category. Anchor investors had already committed Rs 416.20 crore ahead of the public offering. Analysts remain positive on the company's long-term outlook. Mehta Equities, in its pre-listing note, has advised allotted investors to hold for the long term, citing Oswal's diversified product base across the agriculture, industrial, and domestic water segments, and its potential to benefit from the government's push for rural infrastructure and solar-powered irrigation systems."Despite market volatility, the strong QIB and HNI response reflects confidence in the company's fundamentals," said Prashanth Tapse, Research Analyst at Mehta Equities. He expects a 10–15% listing gain, backed by Oswal's strategic market position and valuation in 2003, Karnal-based Oswal Pumps has executed over 26,000 solar pump installations under government schemes and exports to 17 countries. In the nine months ending December 2024, the company reported a revenue of Rs 1,067 crore and net profit of Rs 216 crore, reflecting robust operational performance. ADVERTISEMENT For investors who missed out on allotment, Mehta Equities suggests looking to accumulate on dips post-listing, especially if broader market weakness weighs on initial performance. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
18-06-2025
- Business
- Time of India
Oswal Pumps IPO allotment to be finalised today. Check status, GMP and other details
The allotment status for Oswal Pumps's Rs 1,387 crore IPO will be finalised today. Investors can now check their application status through the registrar Link Intime's website. The company is set to make its debut on the BSE and NSE on June 20. The IPO, which opened for subscription on June 13 and closed on June 17, comprised a fresh issue of shares worth Rs 890 crore and an offer-for-sale (OFS) component of Rs 497.34 crore by promoters. The price band was fixed at Rs 584 to Rs 614 per share, with a lot size of 24 shares. The issue was subscribed 34.42 times overall, led by strong interest from institutional investors. The QIB portion saw 88.08 times subscription, NIIs 36.70 times, and the retail segment 3.60 times. Anchor investors, who came in a day ahead of the opening, contributed Rs 416.20 crore. The allotment status can be checked via these links: 1) Link Intime Portal ( ) 2) Select "Oswal Pumps Limited" from the dropdown 3) Enter PAN, application number, or DP/Client ID to view allotment details Check on BSE Website 1) Visit: 2) Select 'Equity' and then 'Oswal Pumps Limited' from the dropdown menu. 3) Enter your application number and PAN. Founded in 2003, Oswal Pumps is a Karnal-based pump and motor manufacturer. The company has executed over 26,000 solar pump installations under the PM-KUSUM scheme and exports to 17 countries. It offers a wide range of products, including submersible pumps, solar systems, electric motors, and control panels. Financially, the company has posted a sharp rise in revenue and profit. For the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 crore, with a stellar return on net worth of 88.73 percent. The post-issue P/E is estimated at 24.22x. With listing around the corner, all eyes are now on how the stock performs in a market where sentiment around infrastructure and energy-linked plays remains strong. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
18-06-2025
- Business
- Economic Times
Oswal Pumps IPO allotment to be finalised today. Check status, GMP and other details
The allotment status for Oswal Pumps's Rs 1,387 crore IPO will be finalised today. Investors can now check their application status through the registrar Link Intime's website. The company is set to make its debut on the BSE and NSE on June 20. ADVERTISEMENT The IPO, which opened for subscription on June 13 and closed on June 17, comprised a fresh issue of shares worth Rs 890 crore and an offer-for-sale (OFS) component of Rs 497.34 crore by promoters. The price band was fixed at Rs 584 to Rs 614 per share, with a lot size of 24 shares. The issue was subscribed 34.42 times overall, led by strong interest from institutional investors. The QIB portion saw 88.08 times subscription, NIIs 36.70 times, and the retail segment 3.60 times. Anchor investors, who came in a day ahead of the opening, contributed Rs 416.20 crore. 1) Link Intime Portal ( Select "Oswal Pumps Limited" from the dropdown ADVERTISEMENT 3) Enter PAN, application number, or DP/Client ID to view allotment details 1) Visit: ADVERTISEMENT 2) Select 'Equity' and then 'Oswal Pumps Limited' from the dropdown menu.3) Enter your application number and PAN. ADVERTISEMENT Founded in 2003, Oswal Pumps is a Karnal-based pump and motor manufacturer. The company has executed over 26,000 solar pump installations under the PM-KUSUM scheme and exports to 17 countries. It offers a wide range of products, including submersible pumps, solar systems, electric motors, and control the company has posted a sharp rise in revenue and profit. For the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 crore, with a stellar return on net worth of 88.73 percent. The post-issue P/E is estimated at 24.22x. ADVERTISEMENT With listing around the corner, all eyes are now on how the stock performs in a market where sentiment around infrastructure and energy-linked plays remains strong. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
