JSW Cement Inaugurates Production Unit in Rajasthan
JSW Cement, a leading player in the cement industry, has marked a significant milestone with the inauguration of its latest production unit in Nagaur, Rajasthan. This state-of-the-art facility represents JSW Cement's strategic expansion into North India, enhancing its presence and catering to the growing demand for quality cement in the region.
The newly launched plant in Nagaur is equipped with cutting-edge technology and modern infrastructure, reflecting JSW Cement's commitment to innovation and sustainability. With an initial capacity of X million tonnes per annum, the plant is pois..
JSW Energy Reports Q4 Profits
JSW Energy, a prominent player in the Indian energy sector, has reported robust profits for the fourth quarter of the fiscal year. The company's financial results reflect strong performance and strategic initiatives amidst a dynamic energy market landscape.
In its quarterly report, JSW Energy announced significant growth in profits compared to the same period last year. The positive earnings are attributed to various factors, including operational efficiency improvements, cost optimization measures, and favourable market conditions in the energy sector.
The company's performance ..
JSW Energy to raise Rs 100 billion for expansion
The board of JSW Energy has sanctioned the raising of funds up to Rs 100 billion in one or more installments. This decision stems from the power producer's pursuit of acquiring clean energy companies available for sale in the market, aligning with its goal to achieve a capacity of 20 Gigawatts (GW) by 2030.
As per a regulatory filing on May 7, the company stated its intention to carry out this fundraising through various means like private offerings, preferential allotments, or qualified institutions placements, either individually or in combination, in accordance with prevailing laws..
Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis
CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..
Nalanda Capital Sells Stake in Great Eastern Shipping
Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.
The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..