Odisha CM launches 55 road safety projects worth Rs 576 crore
Inaugurating the Zero Accident Day and Road Safety Week programme here, the chief minister said accidents not only affect individuals and families but also have a significant impact on the state's economy.
He said road accident-related deaths have become a significant problem in India with 75.2 per cent of such fatalities caused by speeding.
'Drivers often forget the golden rule of driving: 'Speed thrills, but it also kills'. Wrong-side driving, drunk driving and using mobile phones while driving contribute to accident-related deaths. People should be cautious and avoid these mistakes to ensure safety of their lives as well as others,' he said.
The Zero Accident Day campaign will continue till June 28. It is being conducted in collaboration with IIT-Madras. On this occasion, Majhi launched 11 automated driving testing systems (ADTS) in various districts with an investment of Rs 24 crore. He also launched the second phase of the Driving Electronic Enforcement to Save Human Lives (DISHA) project worth Rs 215 crore, which will cover 485 km of national and state highways.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
15 minutes ago
- Hans India
US tariff issue: Aqua farmers assured of resolution
Bhimavaram: Union Minister of State for Steel and Heavy Industries Bhupathiraju Srinivas Varma on Monday assured aqua farmers that the central and state governments prioritise their welfare, and a solution to the US tariff problem is likely to be found soon. The minister made these remarks after a meeting in Bhimavaram, where aqua farmers from the West Godavari district voiced their concerns about the steep drop in prawn prices following a 50% tariff imposed by the US on Indian aqua products. During the meeting, organised by the West Godavari Prawn Farmers Welfare Association at the BJP district office, farmers submitted a memorandum detailing their struggles. Minister Srinivasa Varma, recalling his own experience of losing Rs 4 crore in prawn farming, said he directly understands their hardships. He said that the aqua sector is a significant source of employment in the state and that any harm to it would adversely affect other sectors. He stated that under Prime Minister Narendra Modi's leadership, India has become the world's fourth-largest economy and is no longer in a position to be pressured by other nations. He assured the farmers that protecting their interests is the government's primary objective during this challenging time and promised to work towards a resolution. Srinivasa Varma expressed commitment to bringing key issues to the attention of Chief Minister Nara Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan, including providing subsidised power to aqua farmers regardless of the zone and ensuring the supply of feed at lower costs. He also promised to arrange a meeting between the state leaders and the aqua farmers. Additionally, he said he would meet with Union Commerce Minister Piyush Goyal to request necessary assistance. The minister expressed optimism that the US tariffs are temporary and may be withdrawn soon. The minister also mentioned his and Kaikaluru MLA Kamineni Srinivas's crucial role in filing a case in the Supreme Court to resolve the issues faced by Kolleru farmers. He noted that a CEC team recently visited Kolleru to gather feedback from farmers and expressed hope for a swift resolution to that problem as well. N Gajapathi Raju, GV Subba Raju, Thota Vijay Kumar, Pernicherla Subhash Raju, Panja Venkateswara Rao, Kalidindi Vinod Varma, and others participated in the meeting.
Indian Express
an hour ago
- Indian Express
8x stock surge, record Q1 FY26 revenue: Can Polycab sustain the momentum?
In the stock market, some stories unfold quietly before they turn spectacular. Polycab is one of them. Five years ago, the well-run cables and wires company was trading in the sub-Rs800 range. It was steady, predictable, and hardly the sort of stock that was a part of conversations. Today, that same company trades close to Rs 7,000. That is an eight-fold return for anyone who stayed the course. And it has not been a straight line climb. There were pauses, pullbacks, and even a sharp fall in late 2024. Yet, the stock's swift recovery in 2025 says a lot about the conviction investors have built in its story. Polycab has earned its re-rating the hard way by cementing its leadership in wires and cables, pushing aggressively into fast-moving electrical goods, and expanding margins without losing sight of operational discipline. It has kept its balance sheet strong, sitting on over Rs 3,100 crore of net cash, and it continues to invest heavily in growth under its multi-year Project Spring plan. In Q1 FY26, Polycab delivered the highest-ever first-quarter revenue and profit in its history, showing strength across segments and geographies. For investors, the question now is whether the next phase can match or even exceed the voltage of its past run. Polycab runs two main businesses: the wires & cables segment, which is the engine room of the company, and the Fast Moving Electrical Goods (FMEG) segment, which is its growth frontier. There is also a smaller Engineering, Procurement & Construction (EPC) arm that helps it deliver turnkey electrification projects. In Q1 FY26, the company reported Rs 5,906 crore in revenue, up 26% year-on-year. The wires & cables division alone brought in around Rs 5,130 crore or about 87% of total sales, growing a strong 31% YoY. This is where Polycab's dominance shows. It sells everything from the copper wiring inside homes to the heavy-duty cables used in power plants, railways, and telecom projects. The domestic cables business grew faster than the market, hinting at market share gains. Exports are still a small slice of the business at 5.2% of revenue, but they grew 24% year-on-year in the latest quarter. Management sees the US as a significant long-term opportunity because Indian cables currently benefit from lower import duties there than Chinese cables (about 10% versus 55%). However, the domestic duty environment has become less predictable, with recent hikes making exports from India more cost-sensitive. This uncertainty means that while the US tariff gap is a strategic tailwind, sustaining export momentum will require close attention to shifting trade policies. For the FMEG business, premium products are leading the way. For instance, premium fans now contribute 25% of fan sales, premium lights make up over 35% of lighting sales, and new modular switches already account for 20% of switch sales. Even solar inverters have emerged as the single largest category in the FMEG portfolio this quarter, driven by the state-level rooftop solar push. Also, one of the big pluses is that the margins have been expanding across the board. Consolidated Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) margin rose to 14.5%, up from 12.4% a year ago. The wires & cables segment delivered a 14.7% EBIT margin, and FMEG's profitability has started to take shape. A big help has been a better sales mix (more high-margin products) and operating leverage from higher volumes. One of Polycab's underrated strengths is its distribution muscle. It works with over 4,300 authorised dealers and reaches 2 lakh+ retail outlets across India. This network not only moves products efficiently but also allows Polycab to launch and scale new categories faster than many rivals. The same trucks that drop electrical cables to a distributor can also deliver fans, switches, and solar inverters, creating cost efficiencies and increasing shelf space presence. The company has also kept its working capital cycle lean. In Q1, it was just 43 days, helped by efficient collections and inventory management. Sitting on Rs 3,100+ crore of net cash, Polycab can fund expansion from internal resources without taking on heavy debt, a big advantage when scaling both manufacturing and distribution. Polycab's stock has climbed nearly 8x in five years, and at the current price of around Rs 7,000, the company commands a market capitalisation of over Rs 1 lakh crore. On a trailing basis, the stock trades at roughly 45 times earnings, which is a premium to many industrial peers but in line with high-quality consumer electrical names. The market is pricing in sustained double-digit revenue growth and margin stability. The optimism is perhaps not without basis. The domestic wires and cables market is expected to grow at a mid-teens CAGR over the next five years, powered by infrastructure spending, housing demand, and the shift to premium, branded products. On top of that, Polycab's export push has a structural advantage due to favourable US tariffs, while its FMEG business offers a consumer-brand rerating opportunity if it continues to expand margins and scale. Management is also guiding for steady capex under Project Spring, targeting both capacity expansion and deeper penetration in Tier-2 and Tier-3 cities. With over Rs 3,100 crore of net cash and a lean balance sheet, this growth can be funded internally without putting pressure on returns. Still, investors should be aware of the risks. A slowdown in infrastructure or real estate activity could hit cable demand. Raw material price swings, especially in copper and aluminium, can squeeze margins if not passed on quickly. Competition in FMEG is fierce, with established consumer brands fighting for the same shelf space. And on the export side, tariff advantages are policy-driven and could change with trade negotiations. That said, Polycab's track record of execution, market share gains, and balance sheet strength put it in a position to navigate these challenges better than most. If the company can maintain high-teens revenue growth and keep margins in the 13-15% range, the stock's premium multiple may hold. For long-term investors, Polycab remains an interesting mix of a steady infrastructure play with a consumer brand growth kicker. The next few years will show whether this current keeps flowing at the same intensity. Note: This article relies on data from annual and industry reports. We have used our assumptions for forecasting. Parth Parikh has over a decade of experience in finance and research and currently heads the growth and content vertical at Finsire. He holds an FRM Charter and an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Indian Express
an hour ago
- Indian Express
Delhi lacks infra to ensure shelters as SC issues order to relocate stray dogs
Even as the Supreme Court on Monday directed the government, civic bodies and authorities in Delhi-NCR to relocate stray dogs from streets to shelters, the Capital lacks government infrastructure to accommodate thousands of strays in the city. With no dedicated shelters, the NGOs — that have tied up with the Municipal Corporation of Delhi (MCD) to run animal birth control (ABC) sterilisation centres — appear to be clueless on the implementation of the order. An official of Animal India Trust, a nonprofit that has a sterilisation centre in South Delhi's Lajpat Nagar, termed the order as very 'unfortunate'. 'I don't see how this is even possible. From where will the MCD arrange its fund when all they have been giving the NGOs like us is only Rs 1,000 per stray — from catching a stray till the time it has been released after spaying,' the official, pleading anonymity, said. The NGO's sterilisation centre, which has been operating since the last 23 years in Jal Vihar Colony, can only accommodate a maximum of 400 dogs at a time and manage around 100 surgeries a month. The official said that the ABC approach alone won't help, but a fresh survey is needed. The last dog census was carried out by the MCD in 2016. Last month, following a key meeting, the civic body had said that the Capital would see a stray dog count soon. The official said, 'We have urged the government and corporation multiple times to organise programmes to educate people about stray dogs, but they don't bother to listen. A dog never bites without provocation and hence people need to be educated.' 'This move — which the SC has directed — cannot happen overnight and is not feasible in both short term and long term… this is a suicidal step,' the official underlined. Bandana Sen Gupta, Founder, Sonadi Charitable Trust, another nonprofit, questioned whether the ABC programme is going to stop completely. 'How can this decision be taken without any arrangements in advance. What will we do if in the coming days even 20-25 dogs stand in front of our centre, we have no space to accommodate them? Many people have already called me expressing their fear,' she said, The NGO's centre, running for the last 26 years in Najafgarh in West Delhi, can shelter a maximum of up to 360 dogs. It has 100 dogs at present. 'Dogs which come here have various types of diseases such as canine distemper, rabies, parvo and some undergoing treatment. How do all the unwell and fit dogs stay together?' she asked. The New Delhi Municipal Corporation (NDMC) runs two veterinary hospitals and two ABC sterilisation centres along with two nonprofits. According to one of the doctors at the hospital, one centre has been closed for some time now. 'As per the NDMC, no cases of rabies have been reported till now for this year,' claimed an official.
