Latest news with #GujaratIndustrialPolicy2020
Time of India
12-06-2025
- Politics
- Time of India
Vijay Rupani dies in Air India plane crash: From Emergency protests to Gujarat CM chair - A calm leader who rose to power
Vijay Rupani, Former Gujarat Chief Minister NEW DELHI: Former Gujarat chief minister Vijay Rupani , known for his calm composure and decisive administrative style, was among those who lost their lives in the tragic Air India plane crash in Ahmedabad on Thursday. He was 68. Rupani served as Gujarat's chief minister from August 2016 to September 2021, a tenure marked by steady leadership during the state's challenging post-Covid recovery phase. A seasoned politician, he was widely respected across party lines for his firm governance and unflappable demeanour. His political journey began in the Akhil Bharatiya Vidyarthi Parishad as a student leader. A committed activist during the Emergency, Rupani was jailed for a year in Bhavnagar in 1975 for participating in protests—an experience that shaped his lifelong dedication to public service. In 1987, Rupani entered electoral politics as a corporator in the Rajkot Municipal Corporation, eventually rising to become Mayor. His influence grew steadily, leading to his tenure as a Rajya Sabha MP from 2006 to 2012. As chief minister, Rupani championed industrial development and social equity. His government introduced the Gujarat Industrial Policy 2020, focused on investment and job creation, and launched key welfare schemes for tribal upliftment. He voluntarily stepped down in September 2021, paving the way for Bhupendra Patel ahead of state elections—a gesture that reflected his party-first approach and personal humility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later [Video] getfittoday Undo The passing of Vijay Rupani marks a profound loss for Gujarat and Indian politics. A leader shaped by struggle, seasoned by governance, and remembered for grace under pressure, his legacy will remain etched in the state's modern political history. (With PTI inputs)
India.com
01-06-2025
- Business
- India.com
1:2 stock split: THIS company fixes record date, check details here
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा MURAE Organisor Ltd has officially announced a stock split in the ratio of 1:2, marking yet another strategic step in its effort to broaden investor participation and increase stock liquidity. The company's Board of Directors has fixed Wednesday, June 11, 2025, as the record date for this sub-division of equity shares. Shareholders holding one equity share of face value ₹2 as of the record date will receive two equity shares of ₹1 each. This move, approved by shareholders through a postal ballot on May 29, 2025, is expected to lower the entry barrier for retail investors while improving market depth. Earlier, the company had announced its intent to acquire agricultural land in the strategically vital region of Kutch, Gujarat. This acquisition underscores the company's commitment to broadening its business horizons into agriculture and industrial sectors. The proposed acquisition involves an investment estimated between INR 200 million and INR 250 million. This initiative is contingent upon thorough due diligence processes and the requisite regulatory approvals and statutory clearances. The company intends to utilize the acquired land primarily for cultivating premium-quality pomegranates, exploiting Kutch's advantageous agro-climatic conditions, renowned for high-yield and quality horticulture. This agricultural project aligns seamlessly with government schemes aimed at promoting modern agricultural practices and sustainable growth, including the National Horticulture Mission and Pradhan Mantri Krishi Sinchai Yojana (PMKSY). Additionally, MURAE Organisor Ltd. plans to set up a state-of-the-art distillery facility on the acquired premises, significantly broadening its operational capacity and enhancing its product offerings. This diversification into value-added products in the industrial segment positions the company strategically in an under-explored yet lucrative market segment, promising substantial margin improvement and sustainable long-term growth. The company's proposed venture is poised to benefit significantly from the Gujarat Industrial Policy 2020, which offers various incentives such as capital subsidies, tax concessions, and infrastructure support. The supportive regulatory environment, coupled with sector-specific government initiatives, creates an encouraging framework for rapid and profitable business expansion. For the financial year ended March 31, 2025, the company reported total revenue of ₹85.48 crore, a staggering increase compared to just ₹0.25 crore in FY24. The full-year net profit stood at ₹7.51 crore, against ₹5.31 lakh in the previous year, signaling a strong earnings rebound. The Q4FY25 net profit alone was ₹2.85 crore, underscoring consistent quarterly performance. MURAE's financials also show a notable build-up in trade receivables and cash positions, suggesting an expansion in operational scale and reach.
India.com
24-05-2025
- Business
- India.com
This pharma company reports earnings for FY25, eyes Rs 250 million expansion
टर्म इंश्योरेंस जरूरी Pharma company Murae Organisor Ltd has announced FY25 financial results and a major pivot into high-margin, underpenetrated sectors. For the financial year ended March 31, 2025, the company reported total revenue of ₹85.48 crore, an increase compared to just ₹0.25 crore in FY24. The full-year net profit stood at ₹7.51 crore, against ₹5.31 lakh in the previous year. The Q4FY25 net profit alone was Rs 2.85 crore, underscoring consistent quarterly performance. Murae's financials also show a notable build-up in trade receivables and cash positions, suggesting an expansion in operational scale and reach. Earlier, the company had announced its intent to acquire agricultural land in the strategically vital region of Kutch, Gujarat. This acquisition underscores the company's commitment to broadening its business horizons into agriculture and industrial sectors. The proposed acquisition involves an investment estimated between INR 200 million and INR 250 million. This initiative is contingent upon thorough due diligence processes and the requisite regulatory approvals and statutory clearances. The company intends to utilize the acquired land primarily for cultivating premium-quality pomegranates, exploiting Kutch's advantageous agro-climatic conditions, renowned for high-yield and quality horticulture. This agricultural project aligns seamlessly with government schemes aimed at promoting modern agricultural practices and sustainable growth, including the National Horticulture Mission and Pradhan Mantri Krishi Sinchai Yojana (PMKSY). Additionally, MURAE Organisor Ltd. plans to set up a state-of-the-art distillery facility on the acquired premises, significantly broadening its operational capacity and enhancing its product offerings. This diversification into value-added products in the industrial segment positions the company strategically in an under-explored yet lucrative market segment, promising substantial margin improvement and sustainable long-term growth. The company's proposed venture is poised to benefit significantly from the Gujarat Industrial Policy 2020, which offers various incentives such as capital subsidies, tax concessions, and infrastructure support. The supportive regulatory environment, coupled with sector-specific government initiatives, creates an encouraging framework for rapid and profitable business expansion.
Mint
12-05-2025
- Business
- Mint
Penny stock below ₹2 hits upper circuit after THIS business update
Shares of penny stock Murae Organisor hit its upper circuit on Monday, May 12, hitting the upper circuit in intra-day trade after the company's board approved a major expansion plan involving land acquisition and investment of up to ₹ 250 million. The strategic move is aimed at boosting its agricultural and industrial footprint, with a focus on high-value pomegranate cultivation and establishing a distillery unit in Gujarat. In an exchange filing, the company stated that its board has approved a proposal—subject to satisfactory due diligence, regulatory approvals, and statutory clearances—to explore the acquisition of agricultural land in Kutch, Gujarat. The move is part of a larger initiative to diversify and strengthen its revenue streams by tapping into agribusiness and value-added industrial products. The land is proposed to be used for the cultivation of premium-quality pomegranates, leveraging the region's favorable agro-climatic conditions. Alongside this agricultural initiative, Murae Organisor plans to set up a distillery facility on the site to improve operational efficiency and expand into new business segments. The company noted that the estimated investment for this initiative is between ₹ 200 million and ₹ 250 million. However, the final investment figure will be determined after a detailed due diligence process, feasibility reports, and securing of all required statutory and governmental approvals. Murae Organisor emphasized that the proposed project aligns with several government schemes such as the "National Horticulture Mission," "Pradhan Mantri Krishi Sinchai Yojana (PMKSY)," and the "Gujarat Industrial Policy 2020." These policies support agricultural and industrial development through subsidies, tax benefits, and infrastructural assistance. The company believes that its new initiative could benefit from these frameworks, enabling long-term growth. The penny stock rose 4.65 percent, its upper circuit of ₹ 1.35, though it remains over 50 percent below its 52-week high of ₹ 2.73, touched in November 2024. On a broader timeline, the stock has shed 11 percent over the past one year. In May so far, the scrip has declined 5.5 percent after recording a 3.6 percent gain in April. Prior to that, the stock was in negative territory for four consecutive months—falling 18 percent in March, 19 percent in February, 0.5 percent in January, and 11.6 percent in December 2024.
Mint
12-05-2025
- Business
- Mint
Penny stock below ₹2 hits upper circuit after THIS business update
Shares of penny stock Murae Organisor hit its upper circuit on Monday, May 12, hitting the upper circuit in intra-day trade after the company's board approved a major expansion plan involving land acquisition and investment of up to ₹ 250 million. The strategic move is aimed at boosting its agricultural and industrial footprint, with a focus on high-value pomegranate cultivation and establishing a distillery unit in Gujarat. In an exchange filing, the company stated that its board has approved a proposal—subject to satisfactory due diligence, regulatory approvals, and statutory clearances—to explore the acquisition of agricultural land in Kutch, Gujarat. The move is part of a larger initiative to diversify and strengthen its revenue streams by tapping into agribusiness and value-added industrial products. The land is proposed to be used for the cultivation of premium-quality pomegranates, leveraging the region's favorable agro-climatic conditions. Alongside this agricultural initiative, Murae Organisor plans to set up a distillery facility on the site to improve operational efficiency and expand into new business segments. The company noted that the estimated investment for this initiative is between ₹ 200 million and ₹ 250 million. However, the final investment figure will be determined after a detailed due diligence process, feasibility reports, and securing of all required statutory and governmental approvals. Murae Organisor emphasized that the proposed project aligns with several government schemes such as the "National Horticulture Mission," "Pradhan Mantri Krishi Sinchai Yojana (PMKSY)," and the "Gujarat Industrial Policy 2020." These policies support agricultural and industrial development through subsidies, tax benefits, and infrastructural assistance. The company believes that its new initiative could benefit from these frameworks, enabling long-term growth. The penny stock rose 4.65 percent, its upper circuit of ₹ 1.35, though it remains over 50 percent below its 52-week high of ₹ 2.73, touched in November 2024. On a broader timeline, the stock has shed 11 percent over the past one year. In May so far, the scrip has declined 5.5 percent after recording a 3.6 percent gain in April. Prior to that, the stock was in negative territory for four consecutive months—falling 18 percent in March, 19 percent in February, 0.5 percent in January, and 11.6 percent in December 2024. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
