Bigdome Infra Acquires Prime Land in Kamba for Rs 1.3 bilion

Petronet LNG Q4 Profit Jumps to Rs 10.7 Bn

Petronet LNG reported a 45 per cent year-on-year rise in standalone net profit for the fourth quarter of financial year 2024–25 (Q4 FY25), reaching Rs 10.7 billion, compared to Rs 7.37 billion in the same period last year.Sequentially, profit rose by 23.4 per cent, driven largely by the reversal of an impairment charge amounting to Rs 2.34 billion during the quarter.However, revenue from operations fell to Rs 123.15 billion, down from Rs 137.93 billion in Q4 FY24.The company’s board has recommended a final dividend of Rs 3 per share.In terms of operations, Petronet’s Dahej terminal proce..

Steel Ministry Plans Mining Vertical at SAIL

The Ministry of Steel is considering the creation of a dedicated mining vertical within Steel Authority of India Ltd (SAIL) to enhance iron ore production, a senior government official has confirmed.The proposal, currently under discussion at the ministerial level, aims to streamline and strengthen SAIL’s mining operations in support of its long-term expansion strategy. SAIL, one of India’s largest integrated steel producers, holds several captive iron ore blocks across the country.“The Ministry is in talks with the company. The structure of the proposed vertical is being worked out and ..

Foxconn Invests Rs 125 Bn to Expand India Operations

Hon Hai Precision Industry Co., better known as Foxconn and the main assembler of Apple’s iPhones, is strengthening its footprint in India with a fresh investment of USD 1.5 billion (around Rs 125 billion) into its local subsidiary. The funding, channelled through Foxconn’s Singapore-based arm, was disclosed in a regulatory filing and is set to fast-track the company’s manufacturing expansion in southern India.This strategic move is part of Apple’s ongoing effort to diversify its global supply chain and reduce its dependence on China, amid rising trade tensions and tariff threats betwe..