Beeyu Overseas reports standalone net profit of Rs 0.01 crore in the March 2025 quarter
Reported sales nil
Net profit of Beeyu Overseas reported to Rs 0.01 crore in the quarter ended March 2025 as against net loss of Rs 0.19 crore during the previous quarter ended March 2024. There were no Sales reported in the quarter ended March 2025 and during the previous quarter ended March 2024.
For the full year,net loss reported to Rs 0.04 crore in the year ended March 2025 as against net loss of Rs 0.18 crore during the previous year ended March 2024. There were no Sales reported in the year ended March 2025 and during the previous year ended March 2024.
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Indian Express
8 minutes ago
- Indian Express
Once a farmland, now making way for an aviation hub: Life in transition near Jewar airport
Nearly two years ago, Usha Kushwaha (32) shifted to Gautam Buddha Nagar's Jewar from Madhya Pradesh's Tikamgarh district, along with her husband Ramesh Kushwaha and their two children — a son and a daughter. A relative had informed them of a boost in employment opportunities near the under-construction Jewar airport. 'There were not many people here when we came… but now there are so many. My husband works at the airport site. It is good money… better than what we had when he (Ramesh) earlier sold vegetables,' says Usha as she moves to cuddle her son, a toddler. In the scorching heat of a summer afternoon, along the dusty roads of Kishorpur village in Jewar, around 30 sweat-soaked labourers walk in queues, clutching their worn-out cloth bags as they make their way to the upcoming Noida International Airport. Trucks loaded with iron rods and concrete move past. On either side of the dusty and dilapidated road, there is a makeshift market and a colony occupied by labourers, where life is in transition. What was once a vast agricultural land is now transforming into an aviation hub. Tushar Baghel, 21, a labourer at the airport site and a resident of Kishorpur, says he earns Rs 17,000 a month. 'They deduct my provident fund also,' he says, taking off his yellow helmet. He joined the site after a contractor informed him about the requirement for labourers. 'I joined about three months ago. I carry iron rods from one place to another,' he says. While some have managed to secure jobs, people like Dharmendra Baghel (48) have also found an opportunity to earn by renting their houses to labourers. Pointing to his four-storeyed house, he says, 'Around 21 labourers are staying here with their families. Many of them are from Bihar and Jharkhand. Some of them are also from Lucknow and Kanpur. They have been here and working for two years. I charge them Rs 2,500 per room.' Meanwhile, the Gautam Buddha Nagar administration began a door-to-door survey from June 2 to study the impact on landholdings, livelihoods, homes, and community resources in 14 villages that will be acquired for the expansion of Noida International Airport in the third and fourth phases. These 14 villages are Thora, Neemka Shahjahanpur, Khwajpur, Ramner, Kishorpur, Banwaribas, Parohi, Muqimpur Shivara, Jewar Bangar, Sabauta Mustafabad, Ahmedpur Chaurauli, Dayanatpur, Bankapur, and Rohi. While the foundation stone of the airport was laid in November 2021, the first and second phases of the land acquisition were completed between 2018 and 2024. When contacted, Abhay Singh, Sub-Divisional Magistrate, Jewar, asserts the area will see rapid development once the land is allocated to Yamuna Expressway Industrial Development Authority (YEIDA). 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Time of India
15 minutes ago
- Time of India
House in Mumbai: Richest 5% need 109 years' savings
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Time of India
17 minutes ago
- Time of India
Centre mulls options to give Vi relief on Rs 84,000 cr dues
New Delhi: The Centre, already the biggest equity owner in Vodafone Idea (Vi) through conversion of earlier receivables into stock, is weighing multiple options to provide the telco further relief on outstanding regulatory dues of Rs 84,000 crore over concerns that the telecom operator would flounder without executive latitude. Among the options on the table to address adjusted gross revenue (AGR)-related dues is increasing the repayment tenure to 20 years from six now and simultaneously applying a simple interest on the outstanding amount instead of compound interest, or interest on interest, people aware of the details told ET. If such terms indeed apply to Vi, its annual payment burden will shrink significantly, although some are questioning whether telco's existing cash flows are sufficient to honour even the most generous repayment covenants. Asecond option is to charge a token amount of around Rs 1,000-1,500 crore annually toward part payment of those dues until a final decision is taken on the broader AGR issue, said a person in the know. 'Apart from these two options, some other creative proposals are also being explored, and the relief may be given by either one or a combination of options,' said one of the persons cited above, on the condition of anonymity. Another person said the government's intent is to keep the company afloat. If Vi folds up, New Delhi would be the biggest loser: The Centre is the largest shareholder with a 49% stake, and a majority of the outstanding dues would come to the treasury. 'Since the known or existing options (such as waiving the interest and penalties) are not working out, something new has to be forged. But whatever option is finalised, it would be legally tenable,' said the second person. Vi has outstanding AGR dues to the tune of Rs 83,400 crore as of March 2025, annual payment instalments of which fall due starting March, 2026, and need to be paid until March, FY31. As things stand, the loss-making telco needs to pay Rs 18,064 crore by March of this financial year. At the end of March, its cash and bank balance totalled Rs 9,930 crore, and the government fears that without any relief on the AGR dues, the company won't survive. INTEREST COST SAVINGS Currently, telcos such as Vi and Bharti Airtel , which are affected by the 2021 AGR ruling of the Supreme Court, pay around 29-30% compound interest annually on the outstanding dues. If the same is converted into simple interest of 8-10%, it would reduce the overall outgo and accumulation for the coming years. 'Vi can save over Rs 16,000 crore in interest cost after the conversion if the decision is implemented prospectively. The savings will be much higher if the decision is implemented retrospectively,' said an expert. Vi, for example, must pay Rs 18,064 crore by March 31 of every year until 2031. But in case the interest is converted into simple interest of 8-10%, the annual instalment would be around Rs 15,000 crore. 'But since the company won't be able to pay even that amount given its cash flows, the instalments could be extended to 20 years. In such a case, the annual outgo could be lower,' said the first person cited above. In its scenario-building for Vi, the government estimates that if the company is required to pay the full Rs 18,064 crore instalment due by end-FY26, it would not have funds to meet the liability in FY27 and thus may go bankrupt. SURVIVAL AT STAKE And even if the annual instalments are reduced to Rs 6,000-8,500 crore each by extending the payment period, it would still not bring any tangible benefits and, given the telco's cash flows, it may not meet the liabilities beyond 2028-29. To be sure, the government had earlier converted Rs 36,950 crore of spectrum auction arrears into equity in March, and became the largest shareholder in the telco, with a 49% stake. These arrears were related to pre-2021 spectrum auctions. The company still needs to pay the instalments for post-2021 auctions. The company had told the government that it was not able to pay both the AGR and spectrum dues after the end of a four-year moratorium this fiscal. Its annual payments before the equity conversion were more than Rs 30,500 crore for FY26, but even after the equity conversion, the company needs to pay over Rs 20,000 crore in annual instalments, including both AGR and spectrum auction dues. The telco has been trying to raise Rs 20,000- 22,000 crore from its lenders, which have sought more clarity around the AGR dues before extending credit. Earlier this month, the company's board also approved raising up to Rs 20,000 crore more via various instruments.
