Bajaj Electricals Reports 59% Decline in Q2 Profit;

08 Nov 2024 CW Team

Bajaj Electricals posted a significant 59.28% drop in net consolidated profit for Q2 FY25, reporting a profit after tax of Rs.12.90 crore (approximately $1.55 million), down from Rs.31.68 crore ($3.8 million) in the same period last year. The company’s net consolidated total income saw a slight growth of 0.88%, reaching Rs.1,133.52 crore ($136 million) compared to Rs.1,123.63 crore ($135 million) in Q2 FY24.

To improve operational efficiency, the board has approved a Voluntary Retirement Scheme (VRS) for permanent employees in the 'workmen' category at the Nashik facility, with a projected cost of Rs.15.30 crore ($1.8 million).

Infrastructure Urban

08 Sep 2025

Krystal Wins Rs 3.6 Billion Welfare Services Contract

Krystal Integrated Services Ltd (KISL) has secured a Rs 3.6 billion contract from the Commissionerate of Social Welfare, Pune, marking a major development in the company’s portfolio of public sector facility management services.The contract spans five years and includes mechanised housekeeping and outsourced manpower services for a vast network of social welfare institutions across Maharashtra. These include hostels, residential schools, welfare homes, training institutes, and administrative offices.In a statement, KISL underlined the critical impact of the agreement, noting that it will dir..

NLCIL Mines Win Top Honours in 2023–24 Star Ratings

NLC India Limited (NLCIL), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, has once again cemented its position as a leader in sustainable and responsible mining, with all five of its operating mines receiving prestigious Star Ratings for 2023–24 from the Ministry of Coal.The Star Rating scheme, introduced in 2019, evaluates mines across seven key parameters, including operational efficiency, environmental stewardship, safety, technological adoption, rehabilitation, and worker welfare. Since the inception of the framework, NLCIL has ensured 100 per cent partici..

GST on Coal Raised to 18 per cent, Compensation Cess Removed

The Goods and Services Tax (GST) Council has approved a hike in the GST rate on coal and lignite from 5 per cent to 18 per cent, while simultaneously removing the additional compensation cess of Rs 400 per tonne, previously levied at 40 per cent. The decision, taken on 3 September, is expected to rationalise the tax structure without raising the overall cost burden on power producers or consumers.According to a statement from the Union government, the move is unlikely to impact electricity prices, as the tax adjustment is designed to be revenue-neutral for buyers. The removal of the cess is ex..