Latest news with #Mahendra
Time of India
6 hours ago
- Time of India
After 7 years, 5 get life term for farmer's murder over family dispute
1 2 Bareilly: A Bareilly court on Tuesday sentenced five men to life imprisonment for the 2018 murder of a farmer, who was beaten to death in public view near the accused's house in Gulabnagar village following a long-standing family enmity. Moti Singh, 32, was returning from the fields with his brother Mahendra on Sept 29, 2018, when they were attacked by Maiku Singh and his sons Rajveer and Giring, along with their relatives Nar Singh and Ramesh. Moti died of injuries sustained in the assault, while Mahendra survived with wounds. Mahendra told the police that the accused ambushed them near their house due to old hostility. The post-mortem examination confirmed 28 injury marks on Moti's body. An FIR was registered at Faridpur police station under charges of murder and rioting. Police arrested all five accused with the murder weapon and sent them to jail. A chargesheet was filed in Dec 2018, and the trial began in Feb 2019. The accused secured bail during the Covid pandemic. Additional district govt counsel Rajeshwari Gangwar said, "The incident took place in front of the house of the accused and there were several eyewitnesses. Based on the evidence presented, the court of additional district and sessions judge Tabrez Ahmed found all five guilty." The court sentenced them to life imprisonment and imposed a fine of Rs 20,000 on each of them. Their bail was cancelled, and they were taken into custody again on Tuesday.
Time of India
24-05-2025
- Time of India
2 killed, two hurt in road accident due to drunk driving
Kanpur: Two people died when their two-wheeler was hit by a van near Kunwarpur village in the Shivrajpur area of the district on Friday afternoon. Two people in the van also injured in the accident Upon receiving the information, police arrived at the scene and took the bodies into custody for investigation. The two men were not wearing helmets. Bhupendra Yadav, a resident of Kunwarpura Kukri in Shivrajpur, was coming to Shivrajpur town on a bike with Mahendra from Biramau village on Friday afternoon. Near Kunwarpura village, a speeding van coming from the opposite direction collided with the bike and fell into a ditch. Bhupendra, 28, was critically injured and died on the spot, while 26-year-old Mahendra, who was also seriously injured, was taken to the Community Health Centre in the town, where he passed away before treatment could begin. Ramakant and Pintu, who were in the van, were injured in the accident. The cause of the accident is reported to be the van driver being intoxicated. The police detained the van driver and initiated legal proceedings. Inspector-in-charge Aman Singh said that both young men on the bike died in the accident, and neither was wearing a helmet. "Additionally, the car driver was driving the vehicle with high speed, " he added. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
JSW Energy to invest ₹14k cr to expand RE capacity of O2 Power
JSW Energy is planning to invest approximately ₹14,000 crore to scale up the renewable energy capacity of its newly acquired entity, O2 Power, to 4.7 gigawatts (GW) by 2027, senior company executives said. In addition, the firm aims to allocate up to ₹18,000 crore in FY26 to complete existing projects and support new growth initiatives. The company's subsidiary, JSW Neo Energy Ltd, has acquired O2 Power's 4,696 MW renewable energy portfolio from O2 Power Pooling Pte Ltd for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, 1,463 MW is under construction, and 974 MW is in the pipeline, the company said. At present, O2 Power's installed capacity stands at 1.3 GW. JSW Energy plans to increase this to 4.7 GW by June 2027, backed by a capital outlay of ₹13,000–14,000 crore, Joint Managing Director Sharad Mahendra said during an analyst call. For FY25, the capital expenditure stood at about ₹8,000 crore—lower than the guidance of ₹15,000 crore. 'Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down,' the CFO said. JSW Energy is currently building 11.3 GW of generation capacity, all secured under long-term Power Purchase Agreements (PPAs), Mahendra added. This includes 9.7 GW of renewable energy and a 1.6 GW ultra-supercritical thermal power project at Salboni, marking the company's return to greenfield thermal investments after more than a decade. 'Beyond this, we have a robust project pipeline of approximately 4.9 GW, where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed,' Mahendra said.
Economic Times
15-05-2025
- Business
- Economic Times
JSW Energy Q4 Results: Cons PAT jumps 16% YoY to Rs 408 crore. Board approves Rs 10,000 crore fundraise plan
JSW Energy on Thursday reported a consolidated net profit growth of 16% to Rs 408 crore in Q4FY25 versus Rs 351 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 3,189 crore, which was also up nearly 16% versus Rs 2,755 crore in the corresponding quarter of the last financial year. ADVERTISEMENT The company's board approved a proposal to raise up to Rs 10,000 crore in one or more tranches by way of private offerings and/or on preferential allotment basis and/or via qualified institutions placement (QIP) mode. The renewable power generation company also recommended a dividend of Rs 2 per equity share for the financial year 2024-25 to the shareholders of the company. Company's cash PAT grew by 8% from Rs 686 crore in Q4FY24 to Rs 744 crore in Q4 the quarter ended March 31, 2025, the total revenue increased by 21% YoY to Rs 3,497 crore from Rs 2,879 crore resulting in EBITDA growth of 17% YoY from Rs 1,292 crore to Rs 1,512 crore. It was driven by contributions from the 1,800 MW KSK Mahanadi thermal power plant and organic wind capacity additions, the company's filing FY25, the total revenue increased 6% YoY to Rs 12,639 crore from Rs 11,941 crore in FY24. EBITDA for the year grew by 5% YoY to Rs 6,115 crore driven by RE capacity additions, contributions from the Utkal and KSK Thermal plants. PAT increased 13% YoY to Rs 1,951 crore as compared to Rs 1,723 crore in FY24. Meanwhile, cash PAT for the full year stood at Rs 3,399 crore and Rs 4,679 crore on a proforma basis. ADVERTISEMENT Balance Sheet The consolidated net worth and net debt as on March 31, 2025 were Rs 27,362 crore and Rs 43,962 crore respectively, resulting in a net debt to equity ratio of l.6X. Net Debt to EBITDA stood at 5.0x, with Net Debt to EBITDA (excl. CWIP) at a healthy 3.9X. Receivables in DSO terms are at a healthy level of 76 days in the quarter. ADVERTISEMENT Cash and Cash EquivalentLiquidity continues to be strong with Cash balances at Rs 5,660 crores as of March 31, 2025. Management take ADVERTISEMENT Commenting on the earnings, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said that the company has surpassed the 10 GW capacity target, marking a major milestone in its growth journey. "Our successful completion of two large-scale acquisitions underscores our capability to execute complex, high-impact transactions. Additionally, our recent foray into greenfield thermal projects underlines our commitment to energy security. As we build on this momentum, we are excited to unveil our new growth plan, Strategy 3.0, targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage. This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability," Mahendra said. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
15-05-2025
- Business
- Time of India
JSW Energy Q4 Results: Cons PAT jumps 16% YoY to Rs 408 crore. Board approves Rs 10,000 crore fundraise plan
JSW Energy on Thursday reported a consolidated net profit growth of 16% to Rs 408 crore in Q4FY25 versus Rs 351 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 3,189 crore, which was also up nearly 16% versus Rs 2,755 crore in the corresponding quarter of the last financial year. The company's board approved a proposal to raise up to Rs 10,000 crore in one or more tranches by way of private offerings and/or on preferential allotment basis and/or via qualified institutions placement (QIP) mode. The renewable power generation company also recommended a dividend of Rs 2 per equity share for the financial year 2024-25 to the shareholders of the company. Company's cash PAT grew by 8% from Rs 686 crore in Q4FY24 to Rs 744 crore in Q4 FY25. During the quarter ended March 31, 2025, the total revenue increased by 21% YoY to Rs 3,497 crore from Rs 2,879 crore resulting in EBITDA growth of 17% YoY from Rs 1,292 crore to Rs 1,512 crore. It was driven by contributions from the 1,800 MW KSK Mahanadi thermal power plant and organic wind capacity additions, the company's filing said. Live Events For FY25, the total revenue increased 6% YoY to Rs 12,639 crore from Rs 11,941 crore in FY24. EBITDA for the year grew by 5% YoY to Rs 6,115 crore driven by RE capacity additions, contributions from the Utkal and KSK Thermal plants. PAT increased 13% YoY to Rs 1,951 crore as compared to Rs 1,723 crore in FY24. Meanwhile, cash PAT for the full year stood at Rs 3,399 crore and Rs 4,679 crore on a proforma basis. Balance Sheet The consolidated net worth and net debt as on March 31, 2025 were Rs 27,362 crore and Rs 43,962 crore respectively, resulting in a net debt to equity ratio of l.6X. Net Debt to EBITDA stood at 5.0x, with Net Debt to EBITDA (excl. CWIP) at a healthy 3.9X. Receivables in DSO terms are at a healthy level of 76 days in the quarter. Cash and Cash Equivalent Liquidity continues to be strong with Cash balances at Rs 5,660 crores as of March 31, 2025. Management take Commenting on the earnings, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said that the company has surpassed the 10 GW capacity target, marking a major milestone in its growth journey. "Our successful completion of two large-scale acquisitions underscores our capability to execute complex, high-impact transactions. Additionally, our recent foray into greenfield thermal projects underlines our commitment to energy security. As we build on this momentum, we are excited to unveil our new growth plan, Strategy 3.0, targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage. This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability," Mahendra said. ETMarkets WhatsApp channel )
