Gujarat State Petronet consolidated net profit declines 16.08% in the June 2025 quarter
Net profit of Gujarat State Petronet declined 16.08% to Rs 314.68 crore in the quarter ended June 2025 as against Rs 374.97 crore during the previous quarter ended June 2024. Sales declined 13.12% to Rs 4106.91 crore in the quarter ended June 2025 as against Rs 4727.01 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 4106.914727.01 -13 OPM % 17.4817.39 - PBDT 810.10882.96 -8 PBT 626.13711.56 -12 NP 314.68374.97 -16
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Time of India
44 minutes ago
- Time of India
Connectivity drives demand, property prices along Dwarka Expressway double in 4 yrs
Gurgaon: Property prices along the Dwarka Expressway almost doubled over the past four years, making it one of NCR's most rapidly growing regions, an assessment shows. A PropEquity study reported that launch prices along the Dwarka Expressway climbed from Rs 9,434 per sqft in 2020 to Rs 18,668 per sqft in 2024. Tired of too many ads? go ad free now Similarly, a typical 3BHK flat's cost went from Rs 1.8 crore in 2022 to Rs 2.6-4 crore this year. Analysts believe real estate costs are likely to climb another 15-20% in the next two years, especially since the corridor is now fully functional. The expressway's 18km portion in the city was inaugurated last year and the 10km Delhi section was launched on Sunday. Among the reasons for this increase in demand and property prices along the Dwarka Expressway is its connectivity with Delhi, including IGI Airport. Launch of the 76km Urban Extension Road-II — which runs from NH-44 (Alipur) to NH-8 via Mundka, Najafgarh and Dwarka with spurs to Sonipat and Bahadurgarh — has given the region another connectivity boost. Pradeep Aggarwal, founder & chairman of another real estate firm Signature Global (India) Ltd., said property prices along the expressway have nearly doubled over the last five years. Surinder Singh, director of GLS Group, which offers parcels and logistics services, said: "These high-speed roads are economic corridors. With Gurgaon–IGI connectivity down to 20 minutes and Delhi–Mumbai Expressway directly linked, this belt will attract corporates, retail majors and service industries, creating a multiplier effect for real estate." Homeowners said the increase in property prices validates their investments. Amit Sharma, who owns a flat in Sector 109 said: "I invested five years ago when the expressway was stuck. With the road finally open, daily commuting has improved drastically — and property values will rise further." Tired of too many ads? go ad free now But a city-based real estate consultant Vishwa Mohan pointed out that the appreciation in prices has "another side to the story". "Rising land and construction costs mean ticket sizes are going up, pushing homeownership further away from the middle-class buyer. Unless developers balance premium launches with mid-income housing, the affordability gap will widen," Mohan said.
Time of India
an hour ago
- Time of India
Industries in Jalgaon should get power at subsidised rate, says Ajit Pawar
Nashik: Deputy chief minister and NCP chief was in Jalgaon on Sunday, where he advocated for industries in the district to receive power at subsidised rates similar to those in Marathwada and Vidarbha. Tired of too many ads? go ad free now He said he would discuss the matter with chief minister Devendra Fadnavis. During his visit, Pawar reviewed developmental works and addressed a gathering where Pratibha Shinde, of Loksangharsha Morcha, joined the party after resigning from Congress. "Today, I discussed with the elected representatives, and they told me that the industries want the discount in tariff, just like that given to industries in the entire Vidarbha, Marathwada, and even Dhule and Nandurbar districts. Similar conditions prevail here. I also support the demand. I will speak to chief minister Devendra Fadnavis soon," said Pawar. He also said that despite all plots in Jalgaon MIDC being sold, industries have not commenced operations. "Our people in Jalgaon are not getting employment despite all the plots in the Jalgaon MIDC being sold out, and this is because the industries are yet to start there. We have decided to issue notices to those who have not started anything so far and take back the plots if they are unable to do anything in the next three months," Pawar added. Contractors across the state have planned to agitate outside district collectorates on Aug 19, demanding the clearance of outstanding payments with state govt for completed works. "State govt is aware of the demands and has released Rs 4,000 crore for the same. Another Rs 300 crore will be released soon," Pawar said. While addressing party office-bearers, Pawar said govt has finalised appointments for various state corporations, with decisions to be announced after local self-governing body elections. Tired of too many ads? go ad free now "Appointments of president, vice-president and members on corporations have been finalised in details. However, the CM has said that if appointments are announced now, they may not work during the local self-governing body elections. So you should put up your performance first and only after that, the appointments will be announced," he said. Humanity is the only religion, says dy CM Deputy chief minister and NCP chief Ajit Pawar said humanity was the only religion that NCP followed. "Loksangharsha Morcha's Pratibha Shinde joined the party as we follow the ideology propagated by Chhatrapati Shivaji Maharaj, Shahu Maharaj, Phule, and Dr Ambedkar. The party members should ensure there is no ill-feeling among the people of the minority community towards the party, and at the same time, I also appeal to the members of the minority community to ensure nobody does anything wrong," Pawar said. Chhagan Bhujbal to demand guardian minister post for NCP in Nashik Food and civil supplies minister Chhagan Bhujbal, while addressing reporters, said following discussions with NCP chief Ajit Pawar, he would demand that NCP should receive the post of guardian minister of Nashik. "In Raigad, we have one MLA, and we are stressing for the guardian minister post there. We have seven MLAs in Nashik district, and I will talk with the NCP president and demand the post of guardian minister in Nashik," Bhujbal added. He also stressed on the construction of infrastructure to tap 92TMC water flowing into Gujarat through the Tapi river, which would resolve water issues in North Maharashtra and other regions of the state.
Time of India
an hour ago
- Time of India
Find suitable land & I will set up IT park through MIDC in Solapur: Fadnavis
Kolhapur: Chief minister , speaking at Dahitane in Solapur while inaugurating a housing project of 1,348 units to be handed over to workers from the economically weaker section on Sunday, said that an Information Technology Park will be established in Solapur through the Maharashtra Industrial Development Corporation (MIDC). Tired of too many ads? go ad free now Fadnavis said, "There is a demand to take steps to bring employment to Solapur. If you go into IT companies based in Pune and ask how many of them are from Solapur, half of them will raise their hands. Most of the people working in IT companies are from Solapur. If we bring such companies to Solapur, then we can give employment to the local youths on a large scale. Therefore, I am asking the district guardian minister, collector, and municipal corporation to find the best location for setting up an IT Park in Solapur. I will ensure the IT Park is set up through MIDC. We will bring IT companies to the IT Park." He further said that Solapur was once known as an 'Audyogik Nagari' (industrial town). "On one hand, we have started the airport, and the road connectivity is better now. Once Solapur was an industrial town, for some reasons the industries declined. We will bring back the industries slowly to restore the status," added Fadnavis. Fadnavis also promised to make drinking water available to each house in Solapur city every day. "Everyone will get drinking water every day to their house. We are going to change the internal water distribution system of Solapur city for which state govt has approved an Rs 850 crore scheme," he said. The CM lauded the 'Solapur Model' of housing for the weaker sections, saying the quality of the construction is on par with private apartments. "The beneficiaries will have to pay the bank loan equal to what they used to pay as rent in the rented accommodation. In such a way, we have developed the housing schemes for the weaker sections. In the next two years, 30 lakh houses will be ready in Maharashtra and will benefit 1.5 crore people. We will install solar energy units on each housing unit so that the tenants get electricity free of cost. We aim to make 'Beghar Mukt Maharashtra', with every person having a roof over their head," Fadnavis said.
