Latest news with #RCF
Hans India
3 days ago
- Business
- Hans India
RCF Kapurthala-SBI sign MoU
Kapurthala: Rail Coach Factory, Kapurthala and State Bank of India (SBI) signed a Memorandum of Understanding (MoU) to enhance salary benefits of employees. The objective is to enhance facilities to provide enhanced salary package benefits to RCF employees operating their salary accounts in SBI. For this, the bank undertakes to provide enhanced facilities and services to RCF employees receiving salary through any of its branches. For this, all RCF employees will have to get their accounts verified in the banks and convert them into Railway Salary Package. S S Mishra, General Manager, Rail Coach Factory, Kapurthala, Shri Bhupeshwar Attri, Principal Chief Personnel Officer, Bam Shankar Mishra, Deputy General Manager/SBI, Hemant Sulaniya, Deputy Chief Personnel Officer/RCF, Abhinav Goyal, Branch Manager/SBI RCF etc. were present on the occasion. Under this Railway Salary Package, State Bank of India will provide various facilities which include personal accident insurance cover, air accident insurance cover, family savings account SBI Rishte , free banking by ATM/Internet/Mobile Banking/YONO, concession in charges on loans etc. and various other attractive facilities and services.
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Business Standard
15-07-2025
- Business
- Business Standard
Rallis, RCF, Deepak Fertilisers rally up to 9%; what's driving agri stocks?
Share price movement of agri related stocks Shares of agri related companies like Rallis India, Rashtriya Chemicals and Fertilizers (RCF), Deepak Fertilisers & Petrochemicals Corporation, Paradeep Phosphates and Sharda Cropchem rallied up to 9 per cent on the BSE in Tuesday's intra-day trade after Rallis India reported healthy June quarter (Q1FY26) earnings. Rallis India hit a 52-week high of ₹385.60 on the back of heavy volumes. A combined 16.66 million equity shares changed hands at the counter on the NSE and BSE. Shares of Deepak Fertilisers surged 6 per cent to ₹1,658, followed by RCF (5 per cent to ₹159), Paradeep Phosphates (4 per cent at ₹177.80) and Sharda Cropchem (4 per cent at ₹814.50). UPL, PI Industries and Coromandel International were trading higher in the range of 1 per cent to 3 per cent. In comparison, the BSE Sensex was up 0.14 per cent at 82,368 at 10:28 AM. Rallis India Q1 results Rallis India for the April-June 2025 quarter (Q1FY26) reported revenue of ₹957 crore, up 22 per cent year-on-year (YoY), led by volume led growth in both crop care and seeds businesses. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 56.3 per cent at ₹150 crore, while margins came at 15.7 per cent, (up by ~300 bps YoY), driven by volume led growth and moderated fixed cost. Profit after tax stood at ₹95 crore in Q1FY26 as compared to ₹48 crore in Q1FY25. The management has attributed strong performance during the quarter to an early onset of monsoon in the domestic market and recovery in volumes in few products. The growth was indeed driven by volumes thus nullifying the lower GPM impact (lowest in the last 9 quarters). The management remains cautiously optimistic about the coming quarters for the domestic market and gradual recovery in the exports market. Agri - Industry overview With a growing consumer base, the agri-inputs sector stands poised to benefit from a shift towards more efficient, sustainable practices. Opportunities remain abound in developing advanced fertilizers, bio-based solutions and precision agriculture technologies that can increase crop yields while reducing environmental impact. The Asia-Pacific (APAC) crop protection market is expected to grow from $15.5 billion in 2024 to $18.8 billion by 2029, contributing 25.2 per cent to the global market's incremental growth during this period. The region's large and growing population is driving agricultural intensification. This increases the need for effective crop protection solutions to improve yields, said Sharda Cropchem said in its FY25 annual report. Meanwhile, according to Elara Capital, agrochemicals companies, domestic-dependent as well as exports-driven, are likely to see healthy volume growth. Domestic branded companies' top-line growth would be driven by robust placement, due to expectations of normal Monsoon driving healthy agrochemicals demand. If the timing and distribution of Monsoon is favorable, the industry is likely to see sharp consumption growth at the farm level. On the exports side, with destocking largely over globally, fresh demand is driving growth in the international business for our coverage universe. 'Tactically, for the quarter, we prefer domestic agrochemical companies, as we believe, domestic agrochemicals demand can see a significant upswing if the timing and distribution of Monsoon is in balance. Fertilizer companies have seen a healthy run-up in the stock price in the range of 10 per cent-35 per cent in the past three months, and have yet to factor in near-term risk, due to rising raw material prices, in our view,' the brokerage firm said in sector quarterly preview.
Time of India
01-07-2025
- Business
- Time of India
Nokia signs 1.5-billion-euro sustainability-linked revolving credit facility
NEW DELHI: Nokia has signed a 1.5-billion-euro (~$1.77 billion) five-year multi-currency revolving credit facility (RCF) with sustainability-linked pricing, which adjusts the margins based on the Finnish telecom gear maker's progress towards two key targets. The new RCF, which includes two one-year extension options, has replaced the previous 1.41-billion-euro RCF agreement from June 18, 2019, Nokia said on Monday. The targets, which will be observed annually and impact pricing in the following year, are Nokia's reduction of absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions, and reduction of absolute Scope 3 GHG emissions. 'We're delighted with the strong support and commitment from our key banking partners in this refinancing transaction that connects our financing strategy with our sustainability priorities,' said Marco Wirén, chief financial officer, Nokia. 'We are committed to our climate transition plan, which is built to deliver efficiency and innovations in our value chain. Continuing to link the pricing of the revolving credit facility to our science-based climate goals is a strong step forward demonstrating our commitment to our sustainability targets,' said Subho Mukherjee, vice president of sustainability, Nokia. Nokia said it is committed to reducing its Scope 1, 2 and 3 GHG emissions. The vendor has a net-zero target of 2040, which is approved by the Science Based Targets initiative (SBTi), ensuring that Nokia's greenhouse gas emissions targets and paths towards those targets are independently validated.
Time of India
28-06-2025
- Business
- Time of India
Coal India to invest ₹1,067 crore in Talcher Fertilizers
State-owned CIL on Friday said it will invest a little over ₹1,067 crore in Talcher Fertilizers Ltd by way of acquiring shares through rights issue. Talcher Fertilizers Ltd was incorporated in 2015 as a joint venture company of GAIL (India) Ltd, Coal India Ltd (CIL), Rashtriya Chemicals & Fertilizers Ltd ( RCF ) and Fertilizer Corporation of India Limited (FCIL) for revival of FCIL's Fertilizer unit by setting up a coal gasification based fertilizer plant at Talcher, Odisha. GAIL (India), CIL and RCF each holds 33.333 per cent in Talcher Fertilizers. In a filing to BSE, CIL said it will acquire 1,06,75,06,771 equity shares at a face value of ₹10 each. The transaction is likely to be completed by July 9. Coal India accounts for over 80 per cent of domestic coal production. Talcher Fertilizers Ltd project, India's first coal gasification-based ammonia urea plant with a planned capacity of 12.7 lakh tonne per annum, has struggled to maintain its timeline since contracts were awarded to China's Wuhuan Engineering Company Ltd (WECL) in September 2019. As of February 28, 2025, the overall project completion stands at 65.66 per cent, with Outside Battery Limit (OSBL) packages reaching 77.62 per cent completion, Minister of State for Chemicals and Fertilisers Anupriya Patel had informed the Lok Sabha. Several OSBL components, including pipe rack, plant lighting, Boiler-1, raw water treatment plant, and DM water plant, have reached advanced stages of mechanical completion, she said. The project, initially targeted for commissioning in September 2024, has missed its deadline due to pandemic-related disruptions that began when COVID-19 emerged in December 2019 in Wuhan, the headquarters of the main contractor. Joint venture partners and the TFL board are conducting regular reviews of the project's progress, while TFL maintains frequent video conferences with WECL to resolve pending engineering issues, the minister added.
Business Standard
25-06-2025
- Business
- Business Standard
RCF gains after board OKs Rs 300-cr fundraising via NCDs
Rashtriya Chemicals & Fertilizers (RCF) jumped 2.56% to Rs 160.50 after the company's board approved a proposal to raise Rs 300 crore through debt securities on a private placement basis. The company will issue unsecured, redeemable, non-cumulative, taxable, non-convertible bonds in the nature of non-convertible debentures (NCDs) on private placement basis, aggregating to total issue size of Rs 300 crore The issue comprises a base size of Rs 200 crore with an option to retain oversubscription of up to Rs 100 crore. Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with 75% stake owned by Government of India (GOI). The company is engaged in manufacturing and marketing of fertilizers and industrial chemicals. The companys consolidated net profit declined 23.9% to Rs 72.46 crore on 3.9% fall in net sales to Rs 3,729.67 crore in Q4 FY25 over Q4 FY24.
