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Thermax Q1 Results: Profit surges 39% YoY to Rs 151 crore, revenue down 2% YoY
Thermax Q1 Results: Profit surges 39% YoY to Rs 151 crore, revenue down 2% YoY

Business Upturn

time12 hours ago

  • Business
  • Business Upturn

Thermax Q1 Results: Profit surges 39% YoY to Rs 151 crore, revenue down 2% YoY

Thermax Ltd., a leading player in energy and environment solutions, announced its Q1 FY26 financial results, showing strong bottom-line performance despite challenges on the revenue front. The company reported a consolidated operating revenue of ₹2,150 crore in the April–June quarter, slightly down by 2% from ₹2,184 crore in Q1 FY25. This dip was attributed to execution delays and pending customer clearances. However, profitability improved sharply—consolidated profit after tax (PAT) rose 39% year-on-year to ₹151 crore from ₹109 crore, while profit before tax (PBT) increased 31% to ₹211 crore from ₹161 crore. The Q1 operating income also included ₹56 crore accrued under the Government of Maharashtra's Packaged Incentive Scheme (2007), while the prior year's numbers benefited from ₹27 crore in income tax refund interest. Thermax's order book remained healthy, with a 7% increase in the consolidated order backlog at ₹11,376 crore as of June 30, 2025, compared to ₹10,681 crore a year ago. Order intake for the quarter stood at ₹2,748 crore, also up 7% YoY. On a standalone basis, Thermax posted ₹1,183 crore in revenue, marking a 10% drop from ₹1,311 crore last year. Standalone PAT declined 47% to ₹46 crore, largely due to the revenue dip. However, order booking rose 20% to ₹1,752 crore, and the standalone order balance grew 2% to ₹6,477 crore. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

After UNESCO recognition, Maharashtra to train locals as guides at Maratha Forts
After UNESCO recognition, Maharashtra to train locals as guides at Maratha Forts

The Hindu

time6 days ago

  • General
  • The Hindu

After UNESCO recognition, Maharashtra to train locals as guides at Maratha Forts

Following the historic inscription of the Maratha Military Landscapes of India on the UNESCO World Heritage List, the Government of Maharashtra is taking concrete steps to ensure that the recognition translates into long-term conservation, public engagement, and community involvement. One of the most significant initiatives now underway is the proposed certification programme to train local residents as heritage guides at the 12 inscribed forts. On July 11, 2025, 11 forts in Maharashtra —Salher, Shivneri, Lohagad, Khanderi, Raigad, Rajgad, Pratapgad, Suvarnadurg, Panhala, Vijaydurg, Sindhudurg—and one in Villupuram, Tamil Nadu—Gingee, have been granted UNESCO World Heritage Site status. The proposal for this recognition was prepared by the Directorate of Archaeology and Museums, Department of Cultural Affairs, Government of Maharashtra. These forts were selected for their Outstanding Universal Value (OUV) under UNESCO's cultural criteria (iv) and (vi) and represent the military innovation, ecological adaptation, and architectural excellence of the Maratha Empire, particularly under Chhatrapati Shivaji Maharaj's vision of Swarajya. Criteria iv defines be an outstanding example of a type of building, architectural or technological ensemble, or landscape, whereas criteria vi define, be directly or tangibly associated with events, traditions, ideas, beliefs, or artistic and literary works of outstanding universal significance. According to Hemant N. Dalavi, Deputy Director of the Directorate of Archaeology and Museums (DoAM), Government of Maharashtra, the next phase will focus on improving conservation, creating tourism amenities, developing site management plans, and launching public education programmes. A major part of this plan is to train and certify local residents as guides. 'It took us almost two years of executing and planning to pitch the names of these forts. We are proposing a guide certification programme for the local residents who have more knowledge of the area,' Mr. Dalavi said. 'The tourism department will announce this programme this year itself. We are still deciding on the minimum education qualification,' he added. The initiative aims to involve people living near the forts in tourism and heritage promotion, providing them with employment opportunities while also enhancing the visitor experience through locally rooted knowledge. These certified guides will be equipped to explain the historical, cultural, and strategic significance of each fort. In February 2025, a delegation led by Maharashtra Minister for Information Technology and Cultural Affairs Ashish Shelar was present at UNESCO Headquarters, Paris for a technical presentation. Vikas Kharge, Additional Chief Secretary to the Chief Minister of Maharashtra and Additional Chief Secretary, Culture Department, Government of Maharashtra along with Hemant Dalavi, Deputy Director, Directorate of Archaeology and Musuems, Government of Maharashtra were a part of the delegation. Mr. Kharge, who played a pivotal role in facilitating diplomatic engagements and coordinating international meetings with member countries, led the delegation during the 47th session of the World Heritage Committee in Paris in July 2025. Dr. Tejas Garge, Director, Directorate of Archaeology and Museums, Government of Maharashtra, played a crucial role in the preparation of the nomination dossier. District collectors from Nashik, Raigad, Pune, Satara, Kolhapur, Ratnagiri and Sindhudurg from Maharashtra and Villupuram, Tamil Nadu, played a significant role in the management of the forts under their jurisdiction, said Mr. Dalavi and emphasised that many of these forts are already open to tourists, but the UNESCO tag brings new responsibility. The State now plans to upgrade visitor facilities, improve site management, and conduct further excavation and public outreach activities, alongside the guide training programme. 'From the beginning we have worked with multiple stakeholders such as the local residents, NGOs working towards conservation of the historical forts,' he added. The listing process was a result of an elaborate and rigorous effort by the DoAM, in collaboration with the Archaeological Survey of India (ASI) and DRONAH (Development and Research Organisation for Nature, Arts and Heritage), a Gurgaon-based heritage consultancy appointed by the State. Maharashtra has a complex network of over 390 forts which were surveyed, studied, and analysed. These forts were shortlisted down to 60 primary and secondary forts and further through comparative analysis of 29 primary forts, the current 12 anchor forts were shortlisted as best representative of the Maratha Defence Network. Additionally, 53 buffer forts—forts that were controlled by the Marathas but not included in the final inscription— were also documented and explained to UNESCO evaluators, Mr. Dalavi said. 'These buffer forts are spread across Maharashtra and include three in the buffer region of Gingee fort in Tamil Nadu. The forts in the buffer zone may be considered for inclusion in future extensions of the inscription. For example: buffer forts in Salher-Salota Fort, covers the primary defense lines around the property with northern front of Baglan range and Bhilai Fort on southern spur range. Mulher being the capital to its East, there are seven such forts in this premises: Dhamnya Fort, Nhavigad Fort, Tambolya Fort, Mangi-Tungi Fort, Mulher-Moragad Fort, Hargad Fort and Bhilai Fort.' Mr. Dalavi explained. Similarly, in Shivneri Fort, the buffer covers the Shivneri cluster with forts that majorly evolved due to the Nane Ghat trade route with ancient Junnar town; forming the network that surrounds the trade route till Shivneri and there are five such forts there: Chavand Fort, Jivdhan Fort, Bhairavgad Fort, Nimgiri Fort and Hadsar Fort. In Lohagad Fort, there are 10 buffer forts, in Khanderi Fort there are four, in Raigad and Rajgad Fort collectively have eight buffer forts, in Pratapgad Fort there are seven, in Suvarnadurg Fort there are three, Panhala-Pawangad Fort there is one Vishalgad Fort, Vijaydurg Fort has two, Sindhudurg Fort has three and Gingee Fort has three. 'The anchor forts were selected because they are major forts that played a crucial role in the Maratha Empire's history. The buffer forts are those close by, which were under the territory of the anchor forts,' Mr. Dalavi explained. The plan moving forward includes setting up tourist amenities, information centres, and conservation infrastructure, with various government departments involved in implementation, including local gram panchayats, municipal corporations, the forest department, and MRSAC (Maharashtra Remote Sensing Applications Centre). The guided training programme, Mr. Dalavi said, will be a key step in involving the local population in the heritage economy and conservation. The guides will not only help interpret the forts for visitors but also serve as crucial stakeholders in protecting and preserving them.

Letters to The Editor — July 25, 2025
Letters to The Editor — July 25, 2025

The Hindu

time24-07-2025

  • Politics
  • The Hindu

Letters to The Editor — July 25, 2025

UK-India FTA It has been an exceptionally expedition and it has turned out to be fruitful. This new development heralds a new era of innovation, exploration, and opportunities for both nations which have had a complex history. Balagopal Gopinath, Keerikkad, Alappuzha, Kerala Maharashtra Bill I write this letter as the Deputy Director (News), Directorate General Of Information and Public Relation, Government of Maharashtra. The Editorial ('Danger of thought', July 24) is a gross misrepresentation of a necessary and carefully considered legislative measure. The Maharashtra Special Public Security (MSPS) Bill is aimed at providing the legal framework for handling unlawful activities of unlawful organisations that are a part of the united front of banned CPI(Maoist) and other left-wing extremist organisations. The Government of Maharashtra is steadfast in its commitment to upholding both the security of its citizens and the democratic freedom enshrined in the Constitution. The MSPS Bill does not exhibit police thought. The legislation targets organisations whose actions, whether through the written or spoken word, signs, or other activities, 'constitute a danger or menace to public order, peace and tranquillity'. This is a critical distinction. The Bill is not aimed at commentators, critics, or political opponents engaging in legitimate dissent. It is designed to tackle the insidious, overground network of Maoist front organisations that engage in the recruitment, fundraising, and radicalisation of youth and professionals, thereby fuelling violence and threatening to undermine the constitutional order. Varsha Andhale, Mumbai

Maharashtra government removes 2289 ineligible women from Mukhyamantri Ladki Bahin scheme
Maharashtra government removes 2289 ineligible women from Mukhyamantri Ladki Bahin scheme

Time of India

time04-07-2025

  • Business
  • Time of India

Maharashtra government removes 2289 ineligible women from Mukhyamantri Ladki Bahin scheme

MUMBAI: An investigation by the Maharashtra government has found out that a total of 2,289 women government employees were beneficiaries of the Mukhyamantri Ladki Bahin scheme, state development minister Aditi Tatkare said in a written reply to the Maharashtra assembly. Tired of too many ads? go ad free now Upon identification, the benefits of the scheme were discontinued for the women, Tatkare said. The Ladki Bahin Yojana, launched by the Women and Child Development Department and the Government of Maharashtra, aims to provide financial support to eligible women across the state. Under the scheme, women from age group 21 to 65 are given financial benefit of Rs 1,500 through direct benefit transfer for improving their health and nutrition and strengthening their decisive role in the family. Earlier today, in a major move to boost industrial development and job creation in Maharashtra, the Cabinet Sub-Committee on Industries, chaired by chief minister Devendra Fadnavis, approved investment proposals worth Rs 1,35,371.58 crore in thrust sectors and high-technology-based industries. These projects are expected to generate around 1 lakh direct and indirect employment opportunities across the minister Devendra Fadnavis stated that these projects would promote technological innovation, research, development, and employment generation, strengthening Maharashtra's industrial ecosystem. The 12th meeting of the cabinet sub-committee, formed under the CM's leadership to approve incentives under the package scheme of incentives (PSI) and thrust sector policies for large and mega projects, was held today in the committee hall at the state legislature. Deputy CMs Eknath Shinde and Ajit Pawar, Industries Minister Uday Samant, chief secretary Rajesh Kumar, Additional chief secretaries OP Gupta (Finance), Rajgopal Deora (Planning), and other senior officials from various departments were present. Tired of too many ads? go ad free now A total of 19 large, mega, and ultra-mega projects were considered for special incentives based on their investment scale and employment potential. Of these, 17 projects were approved. The projects include manufacturing in semiconductors, silicon ingots and wafers, solar cells and modules, EV components, lithium-ion batteries, aerospace and defence equipment, textiles, green steel, and greenfield gas-to-chemicals production. These 17 approved projects will bring in investments worth Rs 1,35,371.58 crore and create approximately 1 lakh direct and indirect employment opportunities in Maharashtra.

Cabinet approves ₹3,626 cr Phase-2 expansion of Pune Metro Rail Project
Cabinet approves ₹3,626 cr Phase-2 expansion of Pune Metro Rail Project

Business Standard

time25-06-2025

  • Business
  • Business Standard

Cabinet approves ₹3,626 cr Phase-2 expansion of Pune Metro Rail Project

The Union cabinet on Wednesday approved the second phase of the Pune Metro Rail Project, consisting of two corridors, at an estimated cost of Rs 3,626.24 crore. The project includes an extension from Vanaz to Chandani Chowk (Corridor 2A) and from Ramwadi to Wagholi/Vitthalwadi (Corridor 2B), as continuations of the existing Vanaz–Ramwadi corridor under Phase 1. 'These two elevated corridors will span 12.75 kilometres and include 13 stations, connecting fast-developing suburbs such as Chandani Chowk, Bavdhan, Kothrud, Kharadi and Wagholi. The project is scheduled for completion within four years,' the cabinet said in a statement. The project cost will be equally shared by the Government of India, Government of Maharashtra, and external bilateral or multilateral agencies. 'After completion of these corridors, the projected incremental daily ridership for the entire Line 2 is estimated at 0.96 lakh in 2027, 2.01 lakh in 2037, 2.87 lakh in 2047, and 3.49 lakh in 2057. The project will be implemented by Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will execute all civil, electro-mechanical and related works,' the cabinet said. The proposal aligns with Pune's comprehensive mobility plan. According to Union Minister of Information and Broadcasting Ashwini Vaishnaw, the extension will connect the central part of the city to fast-growing suburbs on both the eastern and western ends. It will also link IT hubs, academic institutions and residential areas. Under long-term mobility planning, intercity bus services from cities like Mumbai and Bengaluru will be integrated at Chandani Chowk, while those from Ahilya Nagar and Chhatrapati Sambhaji Nagar will connect at Wagholi, allowing passengers to seamlessly access Pune's metro system.

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