Latest news with #HCL
Time of India
3 days ago
- General
- Time of India
Elcot park techies seek better lighting, bus trips
Madurai: IT professionals working at the Elcot IT Park at Ilanthaikulam near Mattuthavani have urged the authorities to improve infrastructure and safety measures in and around Pandi Kovil ring road, citing poor lighting and lack of public transport. These concerns were raised at a meeting with commercial taxes minister P Moorthy on Tuesday, when he visited the park. The employees highlighted the urgent need for shuttle services linking the IT park to major transit points like Mattuthavani and Periyar bus stands. "It is difficult to return home safely after night shifts, especially for women. Many hesitate to ride two-wheelers at night due to poor lighting," said M Shanmuga Priya, a team lead at Chella Software. Representatives from HCL added that they were willing to install LED streetlights around TIDEL Park area if permission was granted. The minister assured the employees that he would coordinate with TNSTC to initiate a shuttle route but the service should not cause losses to the transport corporation and have to be used regularly. On allowing companies to install LED lights, he said he would speak to the corporation commissioner. Corporation commissioner Chitra Vijayan told TOI that the concerned stretch of Pandi Kovil ring road falls under Tamil Nadu Road Infrastructure Development Corporation (TNRIDC), which collects tolls for its maintenance. "However, we will coordinate with the district administration to find a workable solution for the lighting and safety concerns," she said. Balamurugan Palani, president of Madurai Infrastructure and Development Group, proposed a comprehensive bus route connecting Ilanthaikulam and Vadapalanji Elcot IT parks. It could pass through Mattuthavani, Meenakshi Mission Hospital, Pandi Kovil Junction, Gomathipuram, Aavin Junction, Anna Bus Stand, Goripalayam, Arapalayam, Kochadai, Achampattu, Virattipattu, Nagamalai Pudukottai, and end at Vadapalanji SEZ campus. He stressed the need for increased patrolling, CCTV surveillance, and other safety measures to protect women techies commuting at odd hours. Wrapping up the session, minister Moorthy said the Elcot IT Park project, initiated by former chief minister M Karunanidhi, helped generate local employment and transform Madurai into an emerging IT hub. With the upcoming TIDEL Park in Mattuthavani, the region is poised for further growth, he added. Earlier, the minister paid tributes to Karunanidhi at his statue at the park, on his birth anniversary.
Hindustan Times
30-05-2025
- Business
- Hindustan Times
Govt gearing up for 3rd electronics manufacturing cluster in U.P.
After announcing electronics manufacturing clusters (EMC) along Yamuna Expressway and at Greater Noida, the Yogi government is now gearing up to develop a third EMC in eastern Uttar Pradesh. The government will be making the policy changes soon in order to attract IT firms to the eastern part of the state by offering more incentives to them. Recently, a semiconductor unit by Foxconn and HCL was okayed by the Centre near the Jewar airport in the Yamuna Expressway Industrial Development Authority (YEIDA) area. The new semiconductor unit – the first in Uttar Pradesh – is expected to attract an investment of ₹3,700 crore. Confirming the development, state's IT and electronics minister Sunil Kumar Sharma told HT, 'EMC 1 is about to start and we have also announced EMC 2 in Greater Noida. One such cluster creates around 70,000 to 80,000 employment opportunities. Soon we will be starting work on EMC 3, which will be in eastern Uttar Pradesh.' 'As companies are more attracted towards NCR, we will be seeking to make changes in the policy and give some more incentives to the companies which decide to come to East U.P,' he said. The EMC 1 of 100 acres located at YEIDA Sector 10, along the Yamuna Expressway, aims to be a modern electronics manufacturing hub, with Havells setting up a domestic appliance facility. The EMC 2 of 210 acres in Greater Noida is likely to facilitate the growth of the electronics system design manufacturing (ESDM) sector in the region. The EMCs will function as manufacturing zones, promoting the growth of the ESDM sector by providing a robust infrastructure base for electronic manufacturing industries. The clusters will support various electronic verticals, including consumer electronics, lighting, power electronics, computers/IT, and telecom equipment, along with their entire value chain. 'The companies are getting attracted to Uttar Pradesh on their own as no one can force them to do so. Our CM Yogi Ji has given such an environment in the state which is favourable for doing business. There is trust that all the commitments by the government will be fulfilled,' state's IT and electronics minister Sunil Kumar Sharma said. 'Law and order, ease of doing business, single window system and all the help given to the businessmen by the government contribute towards bringing big companies to the state,' he added. 'Our vision is to make Uttar Pradesh a leading state in electronics production, one semi-conductor unit has come to the state and we have already sent a proposal for another one. That will be an investment of 28,000 crore, approval for it is awaited from the Government of India,' Sharma said. On developing the state capital region as the next AI hub, he said, 'Now IBM has also come in Lucknow. It is a big company in itself and HCL is also expanding in Lucknow. We are also looking to make a start-up hub in Greater Noida and Lucknow and the project is in the pipeline. We have got in-principle nod for the same and the work is underway.' 'We all know that there are a lot of big companies in Noida and Greater Noida and it is a kind of saturation in the NCR now. Our effort now is to focus on other cities like Lucknow and Varanasi. At the moment, we are focusing on Lucknow to develop it as IT and AI hub,' the minister added. The Uttar Pradesh government has already started 'AI Pragya' programme to impart training in artificial intelligence (AI) to 10 lakh people from various fields in the state by the end of 2025 to skill them in various dimensions of this technology and its use-based aspect. The aim is to bring new employment opportunities and enhance the administrative structure of the state, healthcare, education, agriculture among other sectors. On giving incentives to the tech and IT companies coming to the state, Sharma said, 'In the last seven years, due to some reasons, no company had got any incentives. Last year when I took charge of the department, the budget of the department was ₹400 crore. In the previous year, we issued incentives worth ₹408 crore. For remaining companies who had been given letter of comfort, I have directed officials to expediate their process. We are giving incentives to all the companies without any bias.'
Time of India
30-05-2025
- Business
- Time of India
HCL Tech Share Price Live Updates: HCL Tech showcases low volatility with beta of 0.5068
30 May 2025 | 08:43:17 AM IST Join us on the HCL Tech Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about HCL Tech, including: Last traded price 1664.7, Market capitalization: 451743.83, Volume: 2374051, Price-to-earnings ratio 25.98, Earnings per share 64.08. Our liveblog provides a well-rounded view of HCL Tech by incorporating both fundamental and technical indicators. Be the first to receive breaking news that can impact HCL Tech's performance in the market. Our expert analysis and recommendations empower you to make informed investment choices. Stay informed and stay ahead with the HCL Tech Stock Liveblog. The data points are updated as on 08:43:17 AM IST, 30 May 2025 Show more
Hans India
29-05-2025
- Business
- Hans India
PSUs making remarkable economic growth: Kishan Reddy
Hyderabad: Union Minister for Coal and Mines G Kishan Reddy congratulated the National Aluminium Company Limited (NALCO) and Hindustan Copper Limited (HCL) for their remarkable economic growth. On Wednesday, he stated that the Central Public Sector Undertakings (PSUs) are registering profitability in their performance due to the reforms implemented by the Central Government under the leadership of Prime Minister Narendra Modi over the past ten years. Once considered a financial burden for the government, public sector undertakings are now becoming profitable and emerging as key players in the country's economy. Their improved performance and demonstrated capabilities are gradually guiding India towards self-reliance. The Union Minister said that NALCO achieved unprecedented records for the first time in 2024-25 since its inception in 1981, contributing to significant economic development. Similarly, HCL reported the highest growth in the financial year 2024-25, following the path set by NALCO. Both PSUs stand as examples of progress in the mining and mineral sectors. The successes of these Indian PSUs reflect their ability to compete on an international level. Further, he noted that this positive transformation has only been possible since the Modi government assumed power in 2014, implementing innovations, accountability measures, reforms, and policy changes within the PSUs. These achievements are providing a new impetus to the country's economy at a crucial time when PSUs are playing a vital role in the vision of a developed India by 2047.
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Business Standard
28-05-2025
- Business
- Business Standard
Hindustan Copper shares surge 4% on strong Q4 profit; Details here
Shares of Hindustan Copper surged over 4 per cent on Wednesday after it reported a 51.8 per cent increase in profit for the quarter ended March 31, 2025 (Q4FY25). Hindustan Copper's stock rose as much as 4.28 per cent during the day to ₹255.5 per share, the highest level since December 30, last year. The stock pared gains to trade 3.6 per cent higher at ₹253.9 apiece, compared to a 0.32 per cent decline in Nifty50 as of 9:38 AM. Shares of the company extended gains to their fourth day and have risen over 15 per cent from their recent lows of ₹222, which it hit earlier this month. The counter has risen by 2 per cent this year, compared to a 4.7 per cent advance in the benchmark Nifty50. Hindustan Copper has a total market capitalisation of ₹24,465.71 crore. Hindustan Copper Q4FY25 results The state-owned Mini-Ratna Central Public Sector Enterprise (CPSE) reported a 51.8 per cent increase in consolidated profit at ₹189.48 crore in Q4FY25. The consolidated income of the company during the fourth quarter rose to ₹777.28 crore, over ₹585.22 crore in the year-ago period. The total expenses of the company during the quarter under review rose to ₹518.75 crore, over ₹401.49 crore in the year-ago period. On the operational front, earnings before interest, taxes, depreciation and amortisation(Ebitda) rose 19 per cent year-on-year (Y-o-Y) to ₹266.7 crore. However, the Ebitda margin contracted around 300 basis points to 36.5 per cent. About Hindustan Copper Hindustan Copper Limited (HCL), established in 1967, is India's only vertically integrated copper producer, operating under the Ministry of Mines. As a central public sector enterprise (CPSE), HCL manages the entire copper value chain—from mining and beneficiation to smelting and refining. The company's operations span five key locations across the country: the Malanjkhand Copper Project in Madhya Pradesh, Khetri Copper Complex in Rajasthan, Indian Copper Complex in Jharkhand, Taloja Copper Project in Maharashtra, and Gujarat Copper Project in Gujarat. The operations at the Taloja plant are currently limited to third-party tolling activities.
