Latest news with #PratapBaburaoSarnaik
News18
08-07-2025
- Politics
- News18
'Let Them Arrest Me': Shinde Sena Minister Defies Own Govt, Joins MNS Protest
Last Updated: Maharashtra Transport Minister Pratap Baburao Sarnaik criticised the police for their actions in halting the MNS-led rally Maharashtra Transport Minister Pratap Baburao Sarnaik, a senior leader from Eknath Shinde's Shiv Sena, on Tuesday distanced himself from his own government to join a protest led by the Maharashtra Navnirman Sena (MNS) in Thane's Mira Bhayandar. The demonstration was organised over the language row involving traders and Marathi-speaking locals. Sarnaik criticised the police for their actions in halting the MNS-led rally, claiming there were no official instructions from the government to suppress a peaceful protest. Speaking to the media in Thane, he said, 'The police action was completely unjustified. The government has not issued any instructions to suppress a peaceful march held in support of Marathi pride. The way police are detaining people it raises doubts that they are working on some party agenda." Defying his own government, Sarnaik said he was ready to face arrest, stating, 'The Marathi Ekikaran Samiti and several other organizations had applied for the rally, but were denied permission. I am going—if the police dare, let them arrest me. I stand with those who are speaking up for Marathi asmita." Mumbai, Maharashtra: On the police denying permission for a Marathi Morcha in Mira Road, Minister Pratap Sarnaik says, 'The Marathi Ekikaran Samiti and several other organizations had applied for the rally, but were denied permission. I am going—if the police dare, let them… — IANS (@ians_india) July 8, 2025 The rally was held following an incident in which a food stall owner was allegedly assaulted for not speaking Marathi. This triggered protests by the trader community, which in turn sparked a counter-protest from MNS and other pro-Marathi groups. The MNS protest, supported by the Marathi Ekikaran Samiti and other local organisations, saw participation from hundreds of people, including workers and leaders from Shiv Sena (UBT) and NCP (SP). Protesters marched through the streets of Mira Bhayandar, raising slogans in support of Marathi identity. However, the situation turned tense when Sarnaik arrived at the protest site. Instead of a warm welcome, he was heckled by angry MNS workers, who labelled him a 'traitor" and demanded he leave. As the crowd grew agitated, the minister was forced to exit the location. Police had initially denied permission for the protest citing concerns over law and order. Despite this, MNS workers gathered in large numbers. Several of them, including Thane MNS chief Avinash Jadhav, were detained. Some were picked up before the protest began, while others were taken away as they addressed the media. In some cases, women protesters were seen being taken away in police vans. A number of MNS activists were also held overnight or kept inside a banquet hall to prevent them from joining the protest. Sarnaik has said he will raise the matter with Maharashtra Chief Minister Devendra Fadnavis. view comments 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.
Mint
08-07-2025
- Politics
- Mint
Maharashtra Minister Pratap Sarnaik tries to join MNS language protest, Thackeray loyalists drive him away: Watch
High drama played out in Mira Bhayandar in Thane district of Maharashtra during the Maharashtra Navnirman Sena (MNS) protest over the Marathi language row when Maharashtra Minister Pratap Baburao Sarnaik attempted to join the demonstration but was forcefully driven away by the agitated Thackeray loyalists. The surprising part of the whole drama was that the Maharashtra minister had broken ranks with his government to come to the MNS protest site. He had also challenged his government, saying that the police can attempt to arrest him, but he would join the protest. But what he expected as a warm welcome turned into chaos as MNS workers turned on the Maharashtra minister, calling him a 'traitor'. For those unfamiliar, Pratap Baburao Sarnaik is a member of the Eknath Shinde-led Shiv Sena, which broke away from the party led by then Chief Minister Uddhav Thackeray, ultimately triggering the fall of his government. MNS workers called him a traitor and forced the minister to leave the spot. The minister had no choice but to leave as the crowd grew agitated. During the protest, the police detained several MNS workers, including their Thane chief Avinash Jadhav, as they tried to march during the protest. The tensions in Maharashtra flared a few days ago when a food stall owner was attacked for not speaking Marathi. The attack on the non-Marathi speaker sparked protests from traders and a fierce counter-protest by the MNS. Meanwhile, Maharashtra Chief Minister Devendra Fadnavis said that the administration asked them to take an alternate route, to which they did not agree. Speaking to reporters outside the Assembly, Devendra Fadnavis said, 'It would be wrong to say that we did not permit the protest at Mira Road. I have spoken to the commissioner, who told me that the Police did not refuse permission for the protest.' "They had asked for permission for a meeting. We were giving them that permission, but they wanted to hold a protest march on a route where it was not possible to do so. We asked them to take an alternate route, but they did not agree to it. It would be wrong to say that they were not given permission," the CM said.
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Business Standard
27-05-2025
- Business
- Business Standard
Olectra Greentech shares tank 12% in trade; What is rattling investors?
Olectra Greentech share price slumped 12 per cent in trade on Tuesday, May 27, 2025, logging an intraday low at ₹1,180 per share on BSE. At 12:07 PM, Olectra Greentech shares were down 5.89 per cent at ₹1,266.05 per share on the BSE. In comparison, the BSE Sensex was down 0.18 per cent at 82,024.78. The market capitalisation of the company stood at ₹10,391.83 crore. The 52-week high of the stock was at ₹1,960 per share and the 52-week low of the stock was at ₹973.65 per share. In the past one year, Olectra Greentech shares lost 26 per cent as compared to Sensex's rise of 9 per cent. Olectra Greentech Q4 results 2025 The company released its March quarter (Q4FY25) earnings on Monday, after market hours. The electric bus manufacturer reported a consolidated net profit of ₹20.68 crore, up 38 per cent year-on-year (Y-o-Y), from ₹14.9 crore in Q4FY24. However, on a quarter-on-quarter (Q-o-Q) basis the net profit slipped 56 per cent from ₹46.61 crore in Q3FY25. The company's revenue from operations rose 55 per cent Y-o-Y to ₹448.91 crore, from ₹288.8 crore a year ago. On a Q-o-Q basis, the revenue fell 13 per cent from ₹515 crore in Q3. Olectra Greentech dividend The company's board recommended a dividend of ₹0.4 (10 per cent) per equity share of ₹4 each for the financial year 2024-25. "The board of directors of the company in their meeting held on May 26, 2025, have recommended the final dividend at the rate of 10 per cent (i.e. ₹0.40/- only) per equity share of ₹4.00/- (Rupees Four only) each fully paid-up, subject to approval of the shareholders of the company, which if approved, shall be paid within thirty days from the conclusion of the Annual General Meeting of the company," the filing read. Olectra Greentech order cancelled Reports suggest that Maharashtra's Transport Minister, Pratap Sarnaik directed officials to cancel the tender order awarded to the company for failing to meet delivery timelines. In his 'X' post the minister without naming the company said the company has been inactive in supplying 5,150 leased electric buses and the meeting is directed at taking action to cancel the tender contract signed by ST Corporation with the company. He added: A revised schedule was given to the concerned bus supplier organization to supply 1,000 buses by May 22. But it was not possible to supply a single bus to the concerned company till this period. Therefore, there is doubt about the supply of buses by this organization in the future. ???? २६ मे २०२५ | ????मुंबई भाडेतत्त्वावरील इलेक्ट्रिक बस करार रद्द करा ५१५० भाडेतत्त्वावरील इलेक्ट्रिक बस पुरवठा करण्यात संबंधित कंपनी निष्क्रिय ठरली असून या कंपनीसोबत एसटी महामंडळाने केलेला निविदा करार रद्द करण्याबाबत कारवाई करावी असे निर्देश बैठकीत दिले. आज एस. टी. महामंडळाच्या… — Pratap Baburao Sarnaik (@PratapSarnaik) May 26, 2025 About Olectra Greentech Olectra Greentech Ltd. is a prominent player in India's EV sector, specialising in the production of electric buses and related infrastructure.
India Today
27-05-2025
- Business
- India Today
Olectra Greentech shares tumble nearly 7% in early trade. Here's why
Olectra Greentech shares dropped sharply on Tuesday morning after Maharashtra's Transport Minister Pratap Baburao Sarnaik publicly called for the cancellation of a major electric bus tender, citing the company's failure to meet revised delivery 9:18 AM, Olectra's stock was down 6.37% at Rs 1,259.60 on the BSE. The fall followed the minister's post on X (formerly Twitter), where he claimed that not a single bus had been delivered under a revised schedule that required 1,000 buses to be supplied by May 22. 'Therefore, it was decided that the tender agreement with the company should be cancelled,' he Rs 10,000 crore contract in question was awarded in July 2023 to a consortium of Olectra and Evey Trans Private Ltd by the Maharashtra State Road Transport Corporation (MSRTC). It involved the supply, operation, and maintenance of 5,150 electric buses over 24 months under a gross cost contract. Olectra was to manufacture and supply the buses and handle maintenance throughout the period. In its FY24 annual report, Olectra hailed this as the world's largest electric bus order and noted an order book of 10,969 units as of March 31, 2024. The company was also eyeing further expansion with fresh government the controversy, Olectra posted strong Q4 earnings on Monday. Net profit rose 39% year-on-year to Rs 20.69 crore, while revenue climbed 55% to Rs 448.92 company also recommended a final dividend of Rs 0.40 per share for FY25, subject to shareholder the political intervention and concerns over delivery commitments have raised fresh doubts among investors. The stock, which has delivered over 2,250% returns in the last five years, has lost about a quarter of its value over the past year.
