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Time of India
5 days ago
- Automotive
- Time of India
Industrialists irked by poor roads in Ambad MIDC areas, demand urgent repairs
Nashik: Industrialists in the Ambad MIDC, located within the limits of NMC, are irked by the terrible condition of roads in the estate and the civic body's failure to repair them. According to the Ambad Industries and Manufacturers Association (AIMA), potholes have surfaced on all major and internal roads in Ambad Maharashtra Industrial Development Corporation (MIDC) areas, making driving risky for motorists. They added that the roads here have not been re-laid for the past 15 years. MIDC had previously handed over roads in both Ambad and Satpur industrial estates to Nashik Municipal Corporation (NMC), which repairs and maintains these stretches and streetlights on them. In turn, the industries pay a property tax to the NMC. Now, a delegation of AIMA, led by its president Lalit Boob, met officiating NMC commissioner Karishma Nair, seeking immediate road repairs and concreting of all roads in the Ambad industrial areas. Boob also urged the NMC commissioner to make adequate financial provisions in the civic budget for infrastructure improvement in both MIDC areas. In response, Nair said NMC has made a financial provision of Rs8.5 crore for Ambad industrial estate and Rs6 crore for Satpur MIDC areas, and improvement works will start in the next couple of weeks. Boob told TOI, "Potholes and the poor condition of roads are slowing vehicle movement, causing traffic jams and minor accidents. Moreover, workers are developing health issues and vehicle maintenance costs have risen. During peak hours of commute in the morning and evening, traffic jams are a regular affair." Nikhil Panchal, an industrialist, said, "The condition of roads, particularly in Ambad MIDC areas, has deteriorated further. It is causing huge inconvenience. We want NMC to immediately repair all roads using tar. Moreover, we also want the civic administration to re-lay all major and minor roads in Ambad industrial areas." He added, "We expected NMC to repair the roads by April, but it could not. Heavy rain has been lashing the city since May 5, further deteriorated the condition of the roads." There are around 2,000 micro, small, medium, and large industrial units in Ambad MIDC areas, providing employment to over 1 lakh workers. There is also continuous movement of heavy trucks and containers here to transport goods and dispatch finished products.
Economic Times
7 days ago
- Business
- Economic Times
JM Financial maintains Buy on Clean Science & Technology, revises target price to Rs 1,650
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained its Buy call on Clean Science & Technology with a revised target price of Rs 1,650 (earlier Rs 1,670) The current market price of Clean Science & Technology Ltd. is Rs 1425.9. The time period given by the analyst is a year when Clean Science & Technology price can reach the defined target. Clean Science & Technology, incorporated in 2003, is a Small Cap company with a market cap of Rs 15146.27 crore, operating in the Chemicals Science & Technology's key products/revenue Segments include Specialty Chemicals, Export Incentives, Electricity and Scrap for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 276.06 crore, up 12.20 % from last quarter Total Income of Rs 246.03 crore and up 14.27 % from last year same quarter Total Income of Rs 241.59 crore. The company has reported net profit after tax of Rs 74.09 crore in the latest company's top management includes Rathi, Boob, Sikchi, Boob, Kothari, Yadav, Doshi, Dubhashi, Maheshwari. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 11 crore shares the basis of 4QFY25 results and management commentary, JM Financial has marginally lowered its FY26-27 EPS estimates for Clean Science & Technology by ~1% to factor in higher depreciation. The brokerage expects ~24%/27% EBITDA/EPS CAGR over FY25-28E. In case there is a pick-up in product prices, there could be an upside risk to their estimates while any delay in new product approvals could be a downside risk. JM Financial maintain sBUY with a revised Mar?26target price of Rs 1,650 (based on 40x Mar?27E EPS) as they see decent growth runway for Clean Science for at least the next 4-5 held 74.97 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.07 per cent, DIIs 5.77 per cent.
Time of India
7 days ago
- Business
- Time of India
JM Financial maintains Buy on Clean Science & Technology, revises target price to Rs 1,650
JM Financial maintains a Buy call on Clean Science & Technology, setting a revised target price of Rs 1,650. The brokerage anticipates substantial EBITDA and EPS growth over the next few years, citing the company's strong Q4FY25 performance. While marginally lowering FY26-27 EPS estimates, they foresee a decent growth runway for Clean Science. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.) JM Financial has maintained its Buy call on Clean Science & Technology with a revised target price of Rs 1,650 (earlier Rs 1,670) The current market price of Clean Science & Technology Ltd. is Rs 1425.9. The time period given by the analyst is a year when Clean Science & Technology price can reach the defined target. Clean Science & Technology, incorporated in 2003, is a Small Cap company with a market cap of Rs 15146.27 crore, operating in the Chemicals Science & Technology's key products/revenue Segments include Specialty Chemicals, Export Incentives, Electricity and Scrap for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 276.06 crore, up 12.20 % from last quarter Total Income of Rs 246.03 crore and up 14.27 % from last year same quarter Total Income of Rs 241.59 crore. The company has reported net profit after tax of Rs 74.09 crore in the latest company's top management includes Rathi, Boob, Sikchi, Boob, Kothari, Yadav, Doshi, Dubhashi, Maheshwari. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 11 crore shares the basis of 4QFY25 results and management commentary, JM Financial has marginally lowered its FY26-27 EPS estimates for Clean Science & Technology by ~1% to factor in higher depreciation. The brokerage expects ~24%/27% EBITDA/EPS CAGR over FY25-28E. In case there is a pick-up in product prices, there could be an upside risk to their estimates while any delay in new product approvals could be a downside risk. JM Financial maintain sBUY with a revised Mar?26target price of Rs 1,650 (based on 40x Mar?27E EPS) as they see decent growth runway for Clean Science for at least the next 4-5 held 74.97 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.07 per cent, DIIs 5.77 per cent.
