Latest news with #694
TimesLIVE
2 days ago
- Automotive
- TimesLIVE
Dutch car-sharing firm plugs into Renault EVs with V2G technology
The global V2G market was worth $3.4bn (R60,694,874,240) in 2024, according to Global Market Insights, and is expected to grow by 38% annually between 2025 and 2034 to reach $80bn (R1,428,568,000,000). The Netherlands is an early adopter of V2G technology due to ambitious plans to electrify its transport and heating systems while also moving to renewables. Japan's Nissan has also recently supplied dozens of V2G-enabled Leaf and Ariya models to France and Spain. MyWheels said 500 of Renault's V2G-compatible cars, including its electric R5, will be on the road by next year. When not driving, the cars will be plugged into We Drive Solar's bidirectional chargers and the scheme's operators will be paid for electricity absorbed and sold to the grid. Grids have become increasingly unstable with growing electrification and as more intermittent renewable energy is fed into the system. 'Our research shows vehicle-to-grid technology could allow the growing electric vehicle fleet to become a significant asset to the grid, with vast storage potential locked up in electric vehicles,' said Madeleine Brolly, advanced transport analyst at Bloomberg New Energy Finance. A key challenge ahead will be standardisation across manufacturers, which will be needed for it to be adopted at scale, she said.
Yahoo
28-05-2025
- General
- Yahoo
Sick dog forces LAX-bound plane to make emergency landing
Memorial Day is notorious for travel delays, but on Monday a flight headed to Los Angeles made an emergency landing for a particularly peculiar cause — an ailing pooch in need of medical care. Delta Flight 694 was diverted en route from Detroit to Los Angeles International Airport on Monday evening to allow a passenger and a sick dog to disembark in Minneapolis, according to a statement from the airline. A crew was alerted that a dog in the cabin was feeling unwell, and a veterinarian on board volunteered to provide emergency care. Rather than continue the five-hour flight, a decision was made to land the Airbus A320 as soon as possible, resulting in a 2½-hour delay for the 181 passengers and six crew members on board. 'The safety of our customers and people comes before everything else at Delta," said an airline spokesperson in a statement. "That's why Delta flight 694 diverted to MSP to ensure a cabin pet that became ill received proper care.' Read more: Man detained after reportedly biting and striking other passengers on flight bound for LAX Medical personnel met the dog and its owner as soon as the plane arrived at Minneapolis–Saint Paul International Airport. A passenger on board told KTLA News that the captain made an announcement that the pet was expected to survive. The plane then resumed its journey and traveled the remaining four hours to Los Angeles without incident. Delays on Delta flights are somewhat unusual. In January, the airline was ranked the most on-time U.S. carrier, with 83% of their flights landing by their arrival time, according to a report by aviation analytics firm Cirium. Read more: When it comes to arriving on time, these are the best (and worst) airlines Delta Flight 694 was among some 7,691 flights that saw delays to, from and within the U.S. on Memorial Day, according to flight tracking website FlightAware. The vast majority of those delays were not pet-related and instead caused by a series of severe thunderstorms sweeping through the southeastern and central United States. Dallas Fort Worth International Airport saw the worst of the travel woes with 697 flights, representing 59% of all trips, delayed. Denver International Airport came in second with 565 flight delays, representing 53% of all trips. LAX fared much better in comparison, with 153 delays representing 16% of all flights. More than 400,000 Southern Californians were expected to travel by air over Memorial Day weekend, according to the AAA. Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times.
Los Angeles Times
28-05-2025
- Los Angeles Times
Sick dog forces LAX-bound plane to make emergency landing
Memorial Day is notorious for travel delays, but on Monday a flight headed to Los Angeles made an emergency landing for a particularly peculiar cause — an ailing pooch in need of medical care. Delta Flight 694 was diverted en route from Detroit to Los Angeles International Airport on Monday evening to allow a passenger and a sick dog to disembark in Minneapolis, according to a statement from the airline. A crew was alerted that a dog in the cabin was feeling unwell, and a veterinarian on board volunteered to provide emergency care. Rather than continue the five-hour flight, a decision was made to land the Airbus A320 as soon as possible, resulting in a 2½-hour delay for the 181 passengers and six crew members on board. 'The safety of our customers and people comes before everything else at Delta,' said an airline spokesperson in a statement. 'That's why Delta flight 694 diverted to MSP to ensure a cabin pet that became ill received proper care.' Medical personnel met the dog and its owner as soon as the plane arrived at Minneapolis–Saint Paul International Airport. A passenger on board told KTLA News that the captain made an announcement that the pet was expected to survive. The plane then resumed its journey and traveled the remaining four hours to Los Angeles without incident. Delays on Delta flights are somewhat unusual. In January, the airline was ranked the most on-time U.S. carrier, with 83% of their flights landing by their arrival time, according to a report by aviation analytics firm Cirium. Delta Flight 694 was among some 7,691 flights that saw delays to, from and within the U.S. on Memorial Day, according to flight tracking website FlightAware. The vast majority of those delays were not pet-related and instead caused by a series of severe thunderstorms sweeping through the southeastern and central United States. Dallas Fort Worth International Airport saw the worst of the travel woes with 697 flights, representing 59% of all trips, delayed. Denver International Airport came in second with 565 flight delays, representing 53% of all trips. LAX fared much better in comparison, with 153 delays representing 16% of all flights. More than 400,000 Southern Californians were expected to travel by air over Memorial Day weekend, according to the AAA.
TimesLIVE
20-05-2025
- Automotive
- TimesLIVE
Honda to scale back on EVs and concentrate on hybrids
Honda said on Tuesday it was scaling back its investment in electric vehicles, given slowing demand, and would focus on capturing growing demand for hybrids with new models. CEO Toshihiro Mibe told a press conference the automaker has lowered its planned investment in electrification and software through the 2030 business year to ¥7-trillion (R875,694,424,000) from ¥10-trillion (R1,252,332,000,000) previously. "Based on the current market slowdown, we expect EV sales in 2030 to fall below the 30% we previously targeted," Mibe said, adding battery-powered cars might make up only around 20% of the company's sales by then. Honda said it expects to sell 2.2-million to 2.3-million hybrid vehicles by 2030. It has not released a total sales target for that year. It plans to launch 13 next-generation hybrid models globally in the four years from 2027. It will also develop a hybrid system for large size models it plans to launch in the second half of the decade. Earlier this month, Honda announced it had put on hold for about two years a C$15-bn (R193,322,252,140) plan to build an EV production base in Ontario, Canada, due to slowing demand for electric cars. Honda said, however, it plans to have battery-powered and fuel-cell vehicles make up all its new car sales by 2040.
Yahoo
15-02-2025
- Business
- Yahoo
Kalpataru Projects International Ltd (BOM:522287) Q3 FY25 Earnings Call Highlights: Robust ...
Consolidated Revenue: INR5,732 crores, 17% Y-o-Y growth for Q3 FY25. Stand-alone Revenue Growth: 16% for Q3 FY25. T&D Business Growth: 42% Y-o-Y for Q3 FY25. B&F Business Growth: 26% Y-o-Y for Q3 FY25. Oil & Gas Business Growth: 123% Y-o-Y for Q3 FY25. Consolidated EBITDA Growth: 13% for Q3 FY25. Stand-alone EBITDA Growth: 17% for Q3 FY25. Consolidated EBITDA Margin: 8.4% for Q3 FY25. Stand-alone EBITDA Margin: 8.3% for Q3 FY25. Consolidated PBT Growth: 5% Y-o-Y to INR202 crores for Q3 FY25. Stand-alone PBT Growth: 12% Y-o-Y to INR218 crores for Q3 FY25. Consolidated Net Debt: Decreased by 27% Q-o-Q to INR2,694 crores. Stand-alone Net Debt: Decreased by 35% Q-o-Q to INR1,820 crores. Net Working Capital Days: Decreased by 6 days to 112 days at stand-alone level; 4 days to 94 days at consolidated level. Order Inflows: INR20,185 crores secured, with INR2,500 crores in L1 position. Order Backlog: Record high of INR61,429 crores as of December 31, 2024. LMG Sweden Revenue Growth: Doubled Y-o-Y for Q3 FY25. Fasttel Brazil Revenue Growth: 18% for Q3 FY25. Road BOOT Project Revenue: INR64.3 lakhs per day in Q3 FY25. Water Business Revenue Growth: From INR642 crores to INR3,500 crores over five years, CAGR of 52%. Warning! GuruFocus has detected 4 Warning Signs with BOM:522287. Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kalpataru Projects International Ltd (BOM:522287) reported a robust revenue growth of 17% year-over-year for Q3 FY25, with a consolidated turnover of INR5,732 crores. The company achieved a record high order backlog of INR61,429 crores as of December 31, 2024, providing good visibility for future execution and growth. Significant improvement in net debt, which declined by 27% quarter-over-quarter to INR2,694 crores at the consolidated level. Strong performance in the T&D business with a growth of 42%, and the oil & gas segment reported a remarkable year-over-year growth of 123%. Successful participation in a Qualified Institutional Placement (QIP) issue, attracting marquee domestic and international investors, indicating strong market confidence. The water business faced challenges due to delayed payments from clients, impacting revenue targets and resulting in a cautious outlook for the short term. Higher net interest costs were observed during the quarter, attributed to capital deployment in the water business and growth in revenue. The depreciation of the Brazilian real impacted USD-denominated loans, affecting profitability in the Fasttel Brazil subsidiary. The railway segment continues to face execution challenges, particularly with a large project in Bangladesh, leading to a cautious outlook for growth in this segment. The EBITDA margin for subsidiaries, excluding the parent company, showed a decline, with Fasttel Brazil reporting negative PBT due to currency devaluation. Q: How much of the INR100 billion order backlog in the water segment is under the Jal Jeevan Mission (JJM), and what is the outlook for this segment? A: Approximately 75% to 80% of the order backlog is under JJM. We have seen some traction in collections, with INR240 crores received in January and February. We expect further collections from March onwards, depending on budget allocations. While cautious in the short term, we remain confident about long-term prospects. Q: Why was there a higher net interest cost in Q3, and will it improve in Q4? A: The higher interest cost in Q3 was due to capital deployed in the water business and revenue growth. With the QIP proceeds and improved collections, we expect interest costs to decrease in Q4, targeting a middle 2% range. Q: What is the status of the T&D order inflow and the bid pipeline for the next year? A: Our T&D order inflow is around INR6,000 crores, with INR5,300 crores secured and INR1,750 crores as L1. We have bid for projects worth INR4,000 crores to INR5,000 crores, expected to be decided soon. The pipeline looks strong, with potential doubling in the next year due to renewable energy and system upgrades. Q: How is the execution and margin outlook for the Saudi oil and gas project? A: We are on track with the Saudi project, expecting to reach a 10% threshold for margin recognition in Q4. We anticipate delivering 40% of the project next year, with high single-digit EBITDA margins. Working capital is currently around 50 to 60 days. Q: What is the outlook for the B&F segment, and are there any signs of a slowdown in private CapEx? A: We have not observed a slowdown in B&F ordering. The segment remains attractive, driven by residential, commercial, data centers, and airports. We expect continued growth due to healthy cash flows and large-scale projects by developers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data
