Systematix Posts FY26 Revenue Growth And Declares 10 Per Cent Dividend
Maharashtra Guarantees Rs 60 bn Loan For Purandar Airport Land
The Maharashtra government has cleared a state guarantee for a Rs 60 bn loan that the Maharashtra Industrial Development Corporation (MIDC) will raise to fund land acquisition for the proposed Chhatrapati Sambhaji Raje International Airport at Purandar in Pune district. The guarantee will remain in force for one year, within which the borrowing must be tied up and the proceeds deployed for buying land and disbursing compensation to affected farmers. A formal government resolution to this effect was issued on Friday. About 3,000 acres are slated to be acquired for the greenfield airport, with t..
Cement Production Up Eight Point Six Per Cent To 491.4 mn t In FY26
Icra reported that cement production volumes rose by eight point six per cent in the financial year 2026 to 491.4 million (mn) metric tonne (t). March output was 48.4 mn t, up four per cent year on year on a high base. The agency projected that volumes are expected to grow by seven to eight per cent in the current financial year, supported by sustained demand from the housing and infrastructure sectors. Average cement prices were reported to have remained flat in March at Rs 340 per bag on a month on month basis, while prices for FY26 increased by two per cent to Rs 345 per bag year on year. A..
Government Signs First Commercial Underground Coal Gasification Deals
The central government has signed the first commercial agreements to develop coal mines under the underground coal gasification framework, marking a significant policy milestone for domestic energy supply. The agreements formalise roles for the nodal ministry, selected developers and state agencies and set out contractual obligations, compliance requirements and revenue arrangements. Officials described the step as intended to unlock stranded coal reserves and to diversify fuel sources while maintaining regulatory oversight and environmental safeguards. The framework adopts a phased approach t..

