Rising Steel Demand Adds Heft To JSPL
Naveen Jindal-led firm cashes in on the government’s infrastructure focus with speciality products like railroad rails and large beams.
Naveen Jindal-led firm cashes in on the government’s infrastructure focus with speciality products like railroad rails and large beams.
Corporate India saw double-digit growth in net profit and single-digit revenue increase in March 2024 quarter. Analysts expect growth ahead.
Despite the announcement, Adani Enterprises shares fell 1% to ₹3,037 from the previous day’s close of ₹3,067.1 on the NSE today.
Adani Power will acquire 100% shareholding in LAPL through an upfront cash payment, as part of LAPL’s Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code.
"Communications in the TeraHertz band are expected to play a pivotal role in the upcoming 6th generation (6G) of wireless mobile communications,” the recommendations said.
Revenue from operations for the quarter ending June 30, 2024, grew by 19% to ₹2,402.20 crore, up from ₹2,017.63 crore in the same quarter last year.
JSW Steel shares are trading at ₹919.25, up 0.21% from yesterday, with an intraday high of ₹927.50.
The surge in demand is driven by the country's growing middle class with increased disposable incomes and increasing urbanisation.
Deputy RBI governor Michael Patra said that there doesn't seem to be much exposure to equities in household savings.
GCPL also declared an interim dividend of ₹5 per share of Re 1 face value for this financial year, with the record date set at August 16.