BUSINESS
Post-poll pickup in capex will drive steel demand: JSW Steel CEO
The company plans to spend Rs 20,000 crore on capex in FY25, funded mainly by cash generation. It does not plan to raise funds via equity issue, like group company JSW Energy.
BUSINESS
India may be an 8-month market in FY25 due to polls, efforts to improve margins will continue: L&T CFO
Reacting to the stock market's negative response to the company's performance in Q4FY24, Raman said that investors should look at profitability in a holistic manner and not focus only on a particular parameter.
BUSINESS
We are on track to grow very quickly next year and in subsequent years: Tata Power CEO
The company plans to invest nearly Rs 20,000 crore in FY25, of which half will be on renewable energy, with the rest divided between generation and pump hydro.
BUSINESS
Manufacturing entry to help de-risk against supply chain disruptions; The aim is to scale up to 20 GW: JSW Energy CEO
The power utility will invest Rs 15,000 crore in FY25 to scale up capacity through the organic route. Additionally, it is on the lookout for acquisition opportunities.
BUSINESS
India can be a global manufacturing hub, must adopt the newest technologies to be competitive: Siemens
As the German major and its Indian arm expand their digital and AI offerings, they see untapped potential in India's small and medium enterprises adopting these.
BUSINESS
India is taking off, there’s opportunity in expanding AI, industrial metaverse solutions to SMEs: Siemens CEO
Busch said he is bullish on India; and more so on what Siemens can do for small and medium enterprises.
BUSINESS
JSW Energy plans to be more aggressive in solar, wind power bids: CEO and CFO
The management said that the highly anticipated unlocking of value in JSW Neo Energy, the group’s green energy arm, may not happen soon as its Rs 5,000 crore QIP has provided enough capital for the next two years. JSW Energy is confident of reaching 20 gigawatt capacity ahead of its FY30 target, riding on organic and inorganic growth.
BUSINESS
Adani Green to invest Rs 1.5 lakh cr to build world’s largest renewable energy project: MD
Adani Green is boosting capacity while maintaining an arm’s length with group firm Adani New Industries, a maker of solar and wind power gear. Adani Group plans to invest a total of Rs 2.3 lakh crore on renewable energy.
BUSINESS
In townhall with pilots, Vistara top brass said to have discussed possibility of trimming network to reduce disruption
Vistara Chief Executive Officer Vinod Kannan held a virtual meeting on April 3 with the pilots, assuring them that the management will work on reducing the pressure on current resources. He urgent them to report to work after the airline was forced to cancel over 100 flights so far in the week.
BUSINESS
MC Interview | Rs 1 lakh cr hydrocarbon order book gives revenue visibility, not worried about Saudi project deferment: L&T energy head
In a wide-ranging interview with Moneycontrol, Subramanian Sarma, spoke about opportunities emerging out of decarbonisation and energy transition, L&T’s hiring strategy in the Middle East, and how the company is managing high attrition.
BUSINESS
Megha Engineering's biggest donation was to BJP, followed by BRS: Electoral bonds data
MEIL's order book was a robust Rs 1.87 lakh crore as on September 2023. The company’s revenue in FY23 was Rs 25,837.7 crore, and EBITDA was Rs 3,338.1 crore
BUSINESS
Megha Engineering: Electoral bonds scheme unveils an infra giant out of a little-known entity
MEIL order book was a robust Rs 1.87 lakh crore as on September 2023. The company’s revenue in FY23 was Rs 25,837.7 crore, and EBITDA was Rs 3338.1 crore.
BUSINESS
INOXGFL sees value unlocking opportunity in chemicals business, says Executive Director Jain
There are various things the company is doing in the chemicals space, which can lead to more unlocking opportunities, executive director Devansh Jain has said
BUSINESS
INOXGFL to branch out into more chemical segments, sees strong growth in wind energy business: ED
'We like to list companies,' Devansh Jain told Moneycontrol while talking about value-unlocking opportunities in the group.
BUSINESS
Amid regulatory probe, PTC India Financial CFO withdraws resignation
Lodha, who joined PFS as Director (Finance) in June 2020, was given the additional charge of MD and CEO after the previous CEO, Pawan Singh, stepped down following a Reserve Bank of India (RBI) directive.
BUSINESS
PTC India Financial scouting for MD, CEO amid intensified regulatory scrutiny
The company has invited applications from potential candidates to select an MD & CEO, the last date for which is March 15.
BUSINESS
Exclusive: IOCL to re-float tender for maiden green hydrogen plant with revised norms by March-end
IOCL cancelled the tender after the Independent Green Hydrogen Producers Association challenged it in the court, citing alleged discriminatory clauses that favoured IOCL's joint venture.
BUSINESS
We need to re-skill women for greater participation in the clean energy space: Vaishali Nigam Sinha
Sinha says that perhaps women from the coal sector can be re-skilled to become technicians in RE projects. ReNew has re-skilled salt pan workers to work as solar technicians.
BUSINESS
Trailblazing truckers: Women steer monster trucks in Tata Steel's drive for diversity
Tata Steel has hired 100 women to drive and operate Heavy Earth Moving Machinery. The company aims to achieve 25 percent diversity in its workforce by 2025.
BUSINESS
MC Interview | Solid biomass can help India cut energy costs, reduce imports, & mitigate pollution: Christian Rakos, World Bioenergy Association
Rakos says that pelletisation of solid biomass can create a fuel that has calorific value similar to coal, and is renewable. But India has not made much progress on this front due to policy issues.
BUSINESS
MC Interview | Companies are hiring more, investing in India’s energy sector: Oil Minister Hardeep Singh Puri
If crude supply is not disrupted any more, oil marketing companies may consider fuel retail price cuts, the minister said.
BUSINESS
Exclusive: Retail fuel price cut possible if crude supply stays stable, says Hardeep Puri
In 2022, OMCs froze the retail fuel prices despite soaring crude oil to keep inflation in check, which dented their bottom line. However, oil prices moderated from record high in September 2023, helping OMCs return to profitability
BUSINESS
MC Interview | Crude prices will remain at current levels, India’s imports will rise: IEA oil markets head
From now till 2030, India will be the largest source of oil demand growth globally, says Toril Bosoni. As a big crude oil buyer, India can certainly do term deals at better terms and better prices, she said.
BUSINESS
Exclusive: In talks to secure crude supplies but won't rush into long-term contracts: Oil Minister
The International Energy Agency said that it expects India to be the largest source of global oil demand growth by 2030 and projects crude oil imports further to rise to 5.8 million barrels per day (mb/d) by 2030 from current 4.6 mb/d
