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Business Standard
a day ago
- Business
- Business Standard
This battery manufacturer's shares dropped 5% today; check key details here
Amara Raja share price: Battery manufacturer Amara Raja Energy & Mobility (Amara Raja) share price struggled in Friday's trade, with the scrip dropping as much as 5.43 per cent to an intraday low of ₹1,030 apiece. At 12:20 PM, Amara Raja shares continued to remain under pressure, down 4.80 per cent lower at ₹1,036.90. In comparison, BSE Sensex was trading 0.35 per cent lower at 81,348.21 levels. What led to the drop in the Amara Raja share price today? Amara Raja shares came under pressure today after the company reported a weak performance in the March quarter of financial year 2025 (Q4FY25). Ebitda margin squeezed 270 basis points (bps) to 11.4 per cent in Q4FY25, from 14.1 per cent in Q4FY24. 'The margins are adversely impacted due to a surge in alloy prices and power cost due to regulatory changes in solar power settlements and fuel surcharges,' the company explained, in a statement. Jayadev Galla, chairman and managing director, however, said, 'Amara Raja continues to record consistent growth across product segments. While the Lead Acid Business continues to deliver strong results, we are seeing good traction in allied businesses as well. The New Energy Business witnessed groundbreaking of Giga Factory this year and continues to grow as per our projections. In another few quarters we will have the R&D facility and Customer Qualification Plant (CQP) operational which will add to our capabilities. The teams are committed to deliver excellence even as the global economic scenario continues to remain uncertain.' Amara Raja dividend Amara Raja board of directors has recommended a final dividend of ₹5.20 per equity share (representing 520 per cent) of ₹1 each fully paid up for the financial year 2024-25 (FY25), subject to approval of the shareholders at the 40th Annual General Meeting of the Company. The dividend will be paid within 30 days from the date of declaration of final dividend by the shareholders at the 40th Annual General Meeting, the company revealed, in a statement. 'The above final dividend is in addition to the interim dividend of ₹5.30 per equity share (representing 530 per cent) declared by the board on November 4, 2024,' Amara Raja highlighted. About Amara Raja Amara Raja Energy & Mobility offers a comprehensive portfolio of energy solutions, including energy storage systems, lithium-ion cell manufacturing, EV chargers, Li-ion battery pack assembly, and a wide array of automotive and industrial lubricants. The company is also actively engaged in the exploration of emerging battery chemistries. As one of India's largest manufacturers of energy storage products, Amara Raja serves both industrial and automotive sectors. It is a key supplier to major telecom service providers, telecom equipment manufacturers, the UPS sector (OEM and replacement), Indian Railways, and the Power, Oil & Gas industries. Its prominent industrial battery brands include PowerStack, AmaronVolt, and Quanta. In the automotive segment, the company produces India's leading battery brands Amaron and Powerzone, supported by an extensive pan-India sales and service network. The company holds original equipment (OE) supply relationships with major automobile manufacturers such as Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors. Additionally, Amara Raja exports its industrial and automotive batteries to more than 50 countries worldwide, reinforcing its global presence and reputation for quality and reliability. The market capitalisation of Amara Raja is ₹18,961.4 crore, BSE Data showed. The company falls under the BSE 500 index category
India Gazette
3 days ago
- Politics
- India Gazette
All-party delegation conveys 'India's zero tolerance for nuclear blackmail' during their visit to Indonesia
Jakarta [Indonesia], May 28 (ANI): All-party delegation, led by Sanjay Kumar Jha on a four-day visit to Indonesia starting Wednesday met with Muhammad Husein Fadlulloh, Vice-Chairperson of the Committee for Inter-Parliamentary Cooperation, and Muhammad Rofiqi, SH Chairperson of Indonesia-India Parliamentary Friendship Group, Embassy of India, Jakarta said in a release. The delegation also met with Dr Kao Kim Hourn, Secretary General of ASEAN, and Arief Havas Oegroseno, Vice Minister of Foreign Affairs of Indonesia. In all their interactions, the delegation conveyed India's clear and resolute policy of dealing with terrorism, zero tolerance for nuclear blackmail and no distinction between terrorists and their sponsors. The release added that the delegation sought support from Indonesia in defeating terrorism, its backers, financiers, and sponsors at all crucial international forums and intergovernmental organisations. During the interaction at the Parliament, Indonesian side condemned terrorism citing it being against humanity and supported India's zero-tolerance approach. They conveyed that Indonesia believes in dialogue and communication for solving problems, not through terrorism, as per the release. Secretary General Dr Kao in his meeting highlighted that the visit of all party delegation to ASEAN countries including Indonesia and Indian Parliament's active and bipartisan engagement is a loud and clear message to the world on India's zero tolerance for any form of terrorism. As strong partners, he called upon India and ASEAN to aligning efforts on combating terrorism and violent extremism, the release added. The release further added that Arief Havas Oegroseno, Vice Minister of Foreign Affairs of Indonesia during his interaction with the delegation conveyed the importance laid by Indonesia in further cementing deep and close friendship with India and emphasised that like India - Indonesia has zero tolerance for terrorism. He also proposed for both countries to work actively towards enhancing counter-terrorism collaboration including through joint activities to strengthen capacity and capabilities in combating transnational crime and terrorism. On Wednesday, the all-party delegation, led by Sanjay Kumar Jha, arrived in Jakarta as part of India's diplomatic outreach on Operation Sindoor. The Indian embassy said that India is committed to fighting terrorism in all its forms and manifestations. The Members of Parliament arrived in Jakarta after concluding their visit to Singapore. 'The All-Party Parliamentary Delegation, led by Hon'ble MP Mr. Sanjay Kumar Jha, arrived in Jakarta as part of India's diplomatic outreach on #OperationSindoor. India stands committed to fight terrorism in all its forms and manifestations. Through this outreach, India sets out to seek understanding and support of its historic friend and Comprehensive Strategic partner, the Indian Embassy in Indonesia, posted on X. The delegation is visiting many countries as part of India's global outreach against Pakistan-sponsored terrorism. The delegation has so far visited Japan, South Korea, and Singapore. Indian Armed Forces launched Operation Sindoor on May 7 in response to April 22 Pahalgam terror attack that killed 26 people and injured several others. The forces targeted terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir, resulting in over 100 deaths of terrorists affiliated with Jaish-e-Mohammed, Lashkar-e-Taiba, and Hizbul Mujahideen. (ANI)
Time of India
3 days ago
- Business
- Time of India
Mechanical failure in ballast tank led to cargo vessel capsize: DG Shipping
K ochi: A preliminary probe by the Directorate General of Shipping has found that a mechanical failure led to the sinking of the Liberian cargo vessel MSC ELSA 3 off Kochi on Sunday. A detailed investigation is underway to determine the exact cause. Director General of Shipping Shyam Jagannathan and chief surveyor Ajithkumar Sukumaran told reporters on Wednesday that the preliminary probe showed a technical failure in the ballast tank that led to the accident. The valves in the tank did not function properly, leading to a failure in the ship's electrical system and causing it to list, they said. The Mediterranean Shipping Company (MSC) is cooperating with the investigation, and it is unclear how long the investigation procedures will take, the officials said. The ship was operating in compliance with the regulations of the International Maritime Organization, and its insurance documentation was valid. They said the chief officer on the ship was new, and it would be investigated if his lack of experience also contributed to the accident. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like ¡Trading con IA en Chile ayuda a usuarios a obtener ganancias potenciales! Mainhubfb Más información Undo The voyage data recorder, which contains information like the ship's speed, direction, conversations among crew members, and communications with other ships, will be retrieved to obtain more details about the accident, they said. The Mercantile Marine Department (MMD), a statutory authority under DG Shipping, informed that there was no large-scale oil spill from the sunken vessel and the environmental threat it posed was being actively mitigated. Nautical advisor Capt Abul Kalam Azad and MMD Kochi principal officer Senthil Kumar, who also addressed the news conference, confirmed that the ship was carrying 640 containers, including 13 with hazardous material—calcium carbide and rubber chemicals, besides 367.1 tonnes of Very Low Sulphur Fuel Oil (VLSFO) and 84.44 tonnes of marine diesel fuel. The team said the oil recovery operation would be completed by July 3. Azad said oil recovery from the sunken vessel, retrieval of drifting containers and removal of beached containers would be their priority. A multi-beam sonar survey has been initiated to locate and assess the wreckage of the ship, and experts have planned capping of venting points. As many as 50 beached containers were identified by Wednesday, and the priority is to recover all of them within the next 48 hours. None of these containers contained hazardous material, and they were placed on the ship's deck, they said. Hazardous materials are present in 13 containers; 12 of these contain calcium carbide while one contains rubber chemicals. Of the 13, eight were inside the ship. The remaining five could be either on the ship's deck or on the seabed near the ship, they said. The officials said over 100 containers were reported to have fallen into the sea. The Indian Coast Guard (ICG) has deployed ships and aircraft for surveillance, and dispersants were being used under the National Oil Spill Disaster Contingency Plan. An onsite team in Kochi continues to monitor and manage pollution risks. High-range drones and precision scanning equipment are being used to detect and contain oil spills. A total of 108 personnel have been deployed for shoreline clean-up and container retrieval operations. In addition to these, 38 personnel have been deployed for emergency response in Thiruvananthapuram, Alappuzha and Kollam. These teams will work in coordination with the district disaster management authorities and district collectors. The shipping company has been instructed to establish a damage and liability claim desk to address the losses and liabilities related to the shipwreck.
Time of India
6 days ago
- Business
- Time of India
Centre to safeguard national interests as global satcom players seek entry
With satcom services set to be mainstreamed soon, the government is prioritising national safeguards in light of the expected overseas dominance of firms such as Elon Musk-owned Starlink , Jeff Bezos-led Amazon Kuiper , and Eutelsat OneWeb . Officials aware of the details told ET among the measures that will be taken include setting up a satcom monitoring facility with an outlay of over '900 crore to track satellites (Indian and foreign) over Indian skies, reserving orbital and spectrum resources for upcoming Indian satellites, especially NGSO (non- geostationary), and having a favourable ecosystem to set up gateways in India, that will serve local and global operations. "Some of the measures are likely to be announced through the new Telecom Policy , which will create a roadmap for the next five years or by 2030," said one of the officials. A second official said the Digital Communications Commission (DCC), which is an inter-ministerial panel and the highest decision-making body of the Department of Telecommunications (DoT), has already cleared the proposal for setting up the satellite monitoring facility with an outlay of around '930 crore. The facility, once operational, will monitor both local and foreign satellites over Indian skies and satellite-based communication services in the country. "Apart from monitoring, the facility would be helpful for mitigating interference from adjacent satellites in the Indian sky and there would be better coordination," the official said. Currently, the Indian participation is minimal in the satcom market, particularly in the low-earth orbit (LEO), which is increasingly becoming lucrative from a communications point of view. US Billionaires Starlink is the dominant player with around 7,000 satellites already in orbit. Amazon Kuiper, too, is going to have more than 3,000 satellites, while Eutelsat OneWeb has more than 600 satellites in the sky. The Bharti Group is the largest stakeholder in Eutelsat OneWeb, but its capacity is far lower than Starlink and what Kuiper can offer in the coming years. There is no India LEO satellite operator as of now, but the situation may change in future and that is why the government does not want Indian entities to be on the backfoot when they consider entering in the coming years, towards which resources would be reserved for them, officials said. "Already there are many startups in the satcom space, and the government wants India to emerge as a major player in the satellite market. The regulatory framework will be streamlined and simplified to unlock the potential of the satellite market," said the second official. The preliminary draft of the new telecom policy calls for establishing an effective regulatory framework to safeguard the country's interests and sovereign rights to keep optimal orbital and spectrum resources for upcoming Indian satellites, especially NGSO. Also, there would be an enabling framework for provisioning ground stations as a service (GSaaS) from India on a global level. India can act as a hub of gateways for serving countries. Setting up satellite earth station gateways for NGSO systems is a capital-intensive exercise and also very complex in nature consisting of multiple antennas. The NGSO operators, therefore, want to establish an optimum number of gateways to serve various jurisdictions across the globe.
Perth Now
24-05-2025
- Entertainment
- Perth Now
New beer to mark Indian Ocean Brewing anniversary
A new beer will be created to mark the anniversary of a northern suburbs waterfront venue. Indian Ocean Brewing Company is celebrating its 20th anniversary in June by turning its Mindarie Marina base into a month-long celebration of all things beer, music and mateship. The venue will be decked out with branded coasters, 20-year pint glasses, bunting and limited-edition merch. Your local paper, whenever you want it. Entertainment will include live bands every weekend and the Battle of the Ex-Brewers on Friday, June 13, in which former IOBC brewers will return for a one-night-only epic beer showdown. Classic Indi brews will go head-to-head with beers from the brewers' current homes, including Whitfords Brewing Co and Mandoon Estate. The celebration will also include the debut of Indi Platinum White, a reimagined brew of IOBC White Cap, one of the first beers poured at the brewery. It will be available for a limited time throughout June and each purchase of Indi Platinum White will put punters in a draw to win an Ultimate Mindarie Day Out: a private fishing charter for six with Mindarie Charters, followed by lunch and beers at IOBC. The anniversary will also bring the return of Oaklore, a limited beer brewed with Whipper Snapper Distillery.
