Latest news with #Navratna
Business Standard
2 days ago
- Business
- Business Standard
Reliance Power reports turnaround Q1 PAT to Rs 45 cr
Reliance Power posted a consolidated net profit of Rs 44.68 crore for the first quarter of FY26, marking a sharp turnaround from a net loss of Rs 97.85 crore in the same period last year. Despite the improved profitability, revenue from operations declined 5.35% year-on-year to Rs 1,885.58 crore for the quarter ended 30 June 2025. Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at Rs 565 crore in Q1 FY26. The company also reported a profit before tax of Rs 72.30 crore in Q1 FY26, compared to a pre-tax loss of Rs 73.33 crore in Q1 FY25. Reliance Power reported total debt servicing of Rs 584 crore in the first quarter of FY26. The companys debt-to-equity ratio remains among the lowest in the industry. As of the end of the quarter, the companys net worth stood at Rs 16,431 crore. On the operational front, the companys flagship 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh was among the top-performing plants in the country, achieving a plant load factor (PLF) of approximately 91%. The 1,200 MW Rosa Power Plant in Uttar Pradesh reported availability of around 97% during the quarter. In a significant development in the renewable energy segment, Reliance Powers subsidiary, Reliance NuEnergy, received a Letter of Award (LoA) from SJVN a leading Navratna public sector enterprisefor Indias largest ISTS-connected solar-plus-battery energy storage system (BESS) project. The 350 MW project will include the installation of 600 MW of solar DC capacity and a 175 MW / 700 MWh BESS at a tariff of Rs 3.33/kWh, awarded through a competitive bidding process. With this project, Reliance Power has emerged as Indias largest player in the solar-plus-BESS segment, boasting a portfolio of 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity, cementing its leadership in the new energy landscape. Reliance Power has been established to develop, construct, and operate power projects both in India and internationally. The company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation and in capacity under development. The scrip shed 0.30% to Rs 63.89 on the BSE.
Economic Times
15-07-2025
- Business
- Economic Times
RailTel shares in focus after securing Rs 264 crore deal for Kavach safety system
Shares of state-owned RailTel Corporation of India will be in focus on Tuesday after the company announced it has received a work order worth Rs 264 crore (inclusive of taxes) from East Central Railway for the implementation of the Kavach system—India's indigenous Train Collision Avoidance System (TCAS). ADVERTISEMENT The project involves deploying Kavach over 607 route kilometres of low-density railway track under the jurisdiction of East Central Railway. The contract is scheduled for completion by July 14, 2027. Last week, RailTel also secured a separate order worth Rs 17.47 crore from the General Administration Department (GAD) of Chhattisgarh. The scope of this contract includes the implementation of an integrated communication infrastructure comprising WLAN, LAN, EPABX systems, network connectivity, hardware procurement, commissioning, and long-term operations and maintenance. This project is expected to be completed by January 14, 2031. The latest contract adds to a string of significant orders RailTel has received in July, bringing its total order value for the month to over Rs 130 crore. Also Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% ADVERTISEMENT According to Trendlyne data, the average target price for RailTel shares is Rs 270, implying a potential downside of 34% from current levels. The lone analyst tracking the stock has given a 'Strong Sell' recommendation. RailTel shares have gained 9% over the past six months and have surged 195% over the last two years. The company currently commands a market capitalization of Rs 13,148 crore. ADVERTISEMENT RailTel, a Navratna public sector undertaking under the Ministry of Railways, is one of the largest neutral telecom infrastructure providers in India. Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen (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)
Business Standard
12-07-2025
- Business
- Business Standard
RailTel Corp bags Rs 10-cr order from Indian Overseas Bank
RailTel Corporation of India has announced that it has received a work order from Indian Overseas Bank, valued at Rs 10.27 crore. In an exchange filing, the specific details of the order were not disclosed, the total contract value stands at Rs 10,27,11,362. The project is scheduled to be executed by 7 August 2025. The company also clarified that the transaction does not fall under related party transactions, and none of the promoters, promoter group entities, or group companies have any financial or other interest in the awarding authority. RailTel Corporation of India, a 'Navratna' central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a pan-India optic fiber network covering several towns & cities and rural areas of the country. Indian Overseas Bank is engaged in the business of banking & financial services. On Friday, 12 July 2025, shares of RailTel Corporation of India rose 0.66% to close at Rs 410.80, while shares of Indian Overseas Bank declined 0.94% to Rs 38.88.
Economic Times
07-07-2025
- Business
- Economic Times
Is the puck moving from discretionary to consumer staples? Amnish Aggarwal answers
Live Events You Might Also Like: What to expect from consumer, power companies in coming quarters? Amnish Aggarwal answers You Might Also Like: Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel , Head-Research,, says the FMCG index is currently experiencing gains, prompting questions about the sustainability of this upward trend. While growth rates are gradually improving, much of this optimism is already factored into future estimates. Amnish Aggarwal suggests a stock-specific approach, highlighting Britannia, ITC as potentially positive, while viewing Lever as a trading opportunity with a target upside.A mixed update has come from many of these companies and it is not a very big surprise. For example, in the case of Dabur, although this year juices or glucoses some of the segments have not done well, the base is now highly favourable after 3-4 very bad quarters. That is why some growth is now visible. But if you look at the very broader side of things, we believe that the benefits of decline in inflation, tax cuts and the fact that the base is not great, will start reflecting in improved demand across the increase in the volume growth for most of the companies will not be very sharp. It might happen at a very moderate pace, but definitely things are looking better than what they were in 4Q and the outlook remains reasonably positive given that the monsoons are likely to be normal, the inflation is under control, and tax rates as also the interest rates have been cut. That gives us a reasonably positive outlook for the growth incremental to what seen in the past few is very difficult to pinpoint any particular segment per se because this quarter was not great for companies which are more into the summer-centric products. Now whether these are beverages or are some of the other products like Navratna or talc, etc, which are Emami products. So, it is very difficult to say that any particular trend will emerge. It will depend upon the seasonality. On the very broad side, the kind of pressure we were witnessing on the consumer wallet, on volumes and demand, seems to be slowly abating and the volume growth is giving us an indication that there could be a gradual uptick in them going will be wrong to conclude. For example, Trent was growing at 30% 40% for a few quarters and this quarter it has grown by 25%. Now, for most of these retail companies, there is a mix of two components over there. One is the increase in your area or the number of stores and second is the SSG. For example, in the case of DMart also, on a per store basis on an average, the sales are just under 2%. So, that is not a very healthy in the case of Trent, there is also the increase in area there and definitely the growth rates in all these companies on a year-on-year basis, that does not indicate a very sharp uptick. Look at Jubilant FoodWorks, which is a solitary case in the entire QSR pack where like to like sales are up in double digit for the second consecutive quarter. But that might not be the case for the rest of the there is an uptick in the discretionary demand but the uptick is very muted, very gradual, and in some of the companies which were growing very fast last year maybe due to base or maybe because the demand scenario is not that great as of now, we are witnessing some moderation in growth rates are picking up at a very tepid pace. In terms of the stock price reactions, the growth rates are expected to be better and that is already factored into the estimates of say FY26 to quite a good extent. Will there be any big upgrades to the estimates? That we will learn only over the course of maybe this quarter or next quarter when better visibility to the valuation, while many of the discretionary stocks have been doing well, they have seen an up move in the past, most of the FMCG stocks in the past six months, were down in the dumps. For example, Britannia was quoting at sub-Rs 5,000. Even Lever touched Rs 2150, 2200. Many of these stocks had gone to very low levels, although the PE multiples have not corrected to that sense is that from those low levels, we have seen some sort of improvement in the growth rates and the stock prices because they have not gone anywhere, not for the last few months, but in the last year, year-and-a-half. That is the sort of optimism which is getting reflected in many of these having said that, one should be very stock specific because ultimately it will depend upon that particular company's numbers, how the valuations are, and how the things are panning out. We have been very positive on Britannia. Lever has been, more like a trading bet with an upside up to say 2600, 2650 and on the staple side, ITC is another stock where we have been very positive. It is having its own set of problems as of now, but given that it is a beaten down stock, this is the one which seems to be very convincing at the present moment and it should give decent returns over the next 6 to 12 months.
Time of India
04-07-2025
- Business
- Time of India
HC: Talcum powder ad calling other products ‘ordinary' not an insult
Kolkata: Using the word 'sadharan' (ordinary) for other products in a talcum powder advertisement is not an insult to the rival company's product, Calcutta High Court observed on Wednesday while dismissing Emami's "disparagement" claim against Dabur. A division bench of justices Sabyasachi Bhattacharyya and Uday Kumar said: "It is permissible to portray that the advertiser's product is the best in the world. However, what is shunned is the direct or indirect denigration of the product of another manufacturer. Use of the word 'sadharan' in the context of the present advertisement does not speak ill about the product or say that it is inferior as such. It merely projects the respondent's product as extraordinary as compared to others' products, which are said to be 'sadharan' or ordinary. " The court noted that the freedom of commercial speech of Dabur (respondent) and its fundamental right to do business cannot be "throttled" on a vague perception of disparagement, "which is completely illusory" in the present case. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Emami Limited filed a case against Dabur India Limited for its 'Cool King' advertisement. They claimed that the protagonist in the advertisement is shown carrying a bottle labelled as ordinary, which looked similar to that of their prickly heat powders "Dermi Cool" and "Navratna". In July 2024, Emami filed a case and got a temporary stop order on July 11, 2024, by which Dabur was restrained from showing the disputed bottle. The court also noted that in the advertisement, there was "no mouthing of the name of the appellant's product and the bottle shown is completely different in shape, size and colour from that of the appellant's product". "Even taking into consideration the overreaching sweep of the appellant's products in the market, unless one is an avid follower of advertisements, having nothing better to do, it is improbable that a common target consumer of normal prudence would have such double recall upon viewing the 'offending' advertisement, connecting the present bottle with that of a bottle which was being shown six months back, and to relate the previous bottle with the product of the appellant," the HC held.
