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Business Standard
4 days ago
- Business
- Business Standard
India will likely need about 300 MT steel capacity by 2030 and 400 MT of steel capacity by 2035 to cater to robust steel demand
Ministry of Steel has noted that India is the only major economy, where steel consumption is growing at above 12% for the last three years. On the contrary, the steel consumption in other geographies is either stagnant or decline. This fast growth in steel consumption is due to Government of Indias push on infrastructure strengthening, public and private sector development in buildings and real estate and growing manufacturing of capital goods in the country. To cater to this steel demand, the country will need about 300 million tonnes or MT steel capacity by 2030 and 400 MT of steel capacity by 2035. This capacity creation will require capital infusion of approximately US$ 200 billion by 2035. If substandard cheap steel imports affect the domestic steel industry (both integrated steel producers and small steel industries) their capacity to infuse this capital will come into terrible strain and the capacity expansion plans of steel industry will be adversely affected.
Business Standard
21-05-2025
- Business
- Business Standard
NHPC Q4 PAT climbs 52% YoY to Rs 920 cr
NHPC reported consolidated net profit of Rs 919.63 crore in Q4 FY25, up 51.99% as against Rs 605.02 crore in Q4 FY24. Revenue from operations jumped 24.37% year on year (YoY) to Rs 2,346.97 crore in the quarter ended 31 March 2025. Profit before tax and regulatory deferral account balances for the quarter was at Rs 1,113.09 crore, up 20.42% from Rs 924.32 crore posted in Q4 FY24. During Q4 FY25, total expenses increased 11.42% YoY to Rs 1,559.43 crore. Depreciation and amortization expenses stood at Rs 314.74 crore (up 5.09% YoY), and employee benefits expenses were Rs 421.15 crore (up 4.27% YoY) during the period under review. On the margins front, the firms operating margin reduced to 35.33% in Q4 FY25, compared with 47.79% recorded in Q4 FY24. However, the net profit margin improved to 39.18% in Q4 FY25, compared to 32.06% in the corresponding quarter last fiscal. On a full year basis, the companys consolidated net profit tanked 14.69% to Rs 3,411.73 crore, despite a 7.77% increase in revenue from operations, which rose to ₹10,379.86 crore in FY25 compared to FY24. Meanwhile, the companys board has recommended a final dividend of Rs 0.51 or 5.10% per equity share with a face value of Rs 10 per share for the financial year of 2024-25. NHPC, a Mini Ratna category I public sector utility, is Government of Indias flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power. Shares of NHPC rose 0.77% to Rs 87.27 on the BSE.
