Latest news with #NH
Hans India
a day ago
- Politics
- Hans India
All the perfumes of Arabia will not wash away the corruption indulged in by CM Vijayan, says Venugopal
Tearing into the governance by the Chief Minister Pinarayi Vijayan-led government which has been in power for nine years, AICC General Secretary and Alappuzha Lok Sabha member K.C. Venugopal on Monday slammed the inept way things were happening in Kerala. 'The stage has come when all the perfume of Arabia will not be able to wash away the stains of corruption indulged in by Vijayan,' said Venugopal. He said this while inaugurating the Nilambur Assembly bye-election convention and asked the people of Nilambur to ensure that everyone votes for Aryadan Shoukath, which will set the ball rolling for the exit of CM Vijayan, as the 2026 Assembly elections are round the corner. Venugopal said that by virtue of being the Chairman of the Public Accounts Committee of Parliament, he was shocked to hear the sequence of events of what happened, when he attended the meeting held last week to discuss the crumbling of the National Highway (NH)-66 passing through Malappuram. 'I was really surprised to hear the way CM Vijayan, who was always taking credit for NH-66 till it crumbled, reacted to the news. The moment the news surfaced that NH-66 was breaking not at one place, but at several spots, he did not even go and visit the spots where the highway has developed cracks, despite being in Malappuram for the past two days,' said Venugopal. 'Since I was at the meeting last week with the Chairman of the National Highway Authority of India and the Transport Secretary, I know that major corruption has taken place in the construction of NH-66, but Vijayan now maintains stoic silence on the issue,' said Venugopal. Turning against CM Vijayan, who on Sunday spoke about being 'treacherous', Venugopal said if there was one person who could be equated to that word, it was none other than Vijayan, as all would recall the interview given by the Chief Minister to an English national daily wherein he insulted Malappuram district. 'CM Vijayan said that '150 kg of gold and hawala money worth Rs 123 crore were seized by the Kerala Police in the last five years from Malappuram district. This money is entering Kerala for anti-State and anti-national activities'. This is what Vijayan said and this is an insult to Malappuram ,' added Venugopal. "Another classic example of the treacherous role played by Vijayan is how he worked to see the victory of BJP candidate Suresh Gopi from the Thrissur Lok Sabha after he successfully created confusion at the famed Thrissur Pooram festivities," he pointed out. Nilambur goes to the polls on June 19 after sitting two-time Left Independent legislator quit the Assembly following difference of opinion with CM Vijayan. Pitted in the poll is Aryadan Shoukath of the Congress, M. Swaraj of the CPI-M, Mohan George of the BJP and Anvar, who is contesting as a candidate of the All India Trinamool Congress.
The Hindu
5 days ago
- General
- The Hindu
Use of loamy soil among reasons for collapse of NH 66 stretches, NHAI tells Kerala High Court
The National Highways Authority of India (NHAI) has submitted before the Kerala High Court that poor and saturated loamy soil that was used in construction was among the primary reasons for the recent collapse of the newly-built NH 66 corridors in Kerala. The authority's counsel further said that such collapses occurred due to negligence of the 'concessionaire' who failed to ascertain ground conditions and to increase the ground-bearing capacity before beginning construction of the carriageway. The court asked the NHAI counsel whether despite being experts in national highway construction, the agency was not aware that the use of such soil could result in such highway collapse incidents. The NHAI ought to have known the hassles that motorists and others have been put to because of such multiple NH collapses. The agency must also remain aware of public sentiments and must not take people's patience for granted, the court said. The NHAI had admitted before the High Court that there were lapses on the part of the agency in constructing the embankment of the highway that collapsed at Kooriyad in Malappuram district and on some other NH 66 stretches. Following this, the court had directed the NHAI to file a report by May 29, specifically mentioning the cause(s) for the collapse of the NH 66 stretches, and the rectification measures that the agency proposed to carry out.
Yahoo
6 days ago
- General
- Yahoo
N.H. wrong-way driver in critical condition after crash
LEBANON, N.H. (ABC22/FOX44) – One person was left in critical condition after she drove the wrong way on I-89 and crashed Tuesday afternoon. Police first heard about a driver traveling southbound in northbound lanes near Exit 18. They say the wrong-way driver crash was reported 'less than a minute later' after initial details. Investigators found that a 90-year-old woman had been traveling the wrong way, and hit a VW Atlas SUV, which then struck a Hyundai Sonata. Two drivers were taken to a hospital for evaluations, and the wrong-way driver was transported there in critical condition. The crash and subsequent investigation shut down part of I-89, but it has since reopened. No charges have been filed, but investigations continue. Anyone with information about this incident can call NH Trooper Peter Kosakowski at 603-223-3831. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Standard
26-05-2025
- Business
- Business Standard
Narayana Hrudayalaya surges after Q4 PAT rises 3% YoY to Rs 197 cr
Narayana Hrudayalaya rallied 8.44% to Rs 1,870 after the company reported a 3.41% rise in consolidated net profit to Rs 197.21 crore on an 18.39% increase in revenue from operations to Rs 1,475.44 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 253.02 crore during the quarter, registering a growth of 13.86% from Rs 222.22 crore reported in Q4 FY24. India's revenue stood at Rs 1,108.8 crore, up 10.66% year-on-year (YoY), while revenue from the Cayman Islands was Rs 379.7 crore, up 50.2% YoY. Consolidated EBITDA grew by 22.17% to Rs 384.6 crore in the March 2025 quarter from Rs 314.8 crore in Q4 FY24. EBITDA margin improved to 26.1% in Q4 FY25 as against 25.3% in Q4 FY24. On the margins front, the company's operating margin reduced to 24.25% in Q4 FY25, compared with 23.02% recorded in Q4 FY24. Net profit margin declined to 13.30% in Q4 FY25 from 14.91% registered in Q4 FY24. As of March 31, 2025, the companys total borrowings, net of cash, bank balances, and current investments, stood at Rs 533 crore. The net debt-to-equity ratio was at 0.15, with foreign currency-denominated debt amounting to $86.8 million. On a full-year basis, the company's net profit rose 0.11% to Rs 790.16 crore on a 12.12% rise in revenue to Rs 5,482.98 crore in FY25 over FY24. Dr. Emmanuel Rupert, managing director and group CEO, Narayana Hrudayalaya, said, The current financial year demonstrated strong performance across our units, both domestic and international; we are pleased to report the highest-ever revenues and profitability margins on both a quarterly and an annual basis at the consolidated level. The performance improvement in India units has been driven by domestic volume pickup, increased realizations, and optimization in payor categories. While our flagships continue to contribute significantly, our Southern Peripheral and North units have shown significant growth this year, and we hope to build on the momentum going forward. The new hospital in Camana Bay is fully functional and is contributing meaningfully to the overall Cayman business. We are excited about the traction in the new hospital and are confident that the region will deliver strong growth going forward. The integrated care business is picking up well, with our new clinics garnering sizeable footfalls. We will continue to invest in this business and are optimistic that it will be a significant driver of growth for the overall NH ecosystem. We thank the investor community for their faith in us and remain confident of delivering on expectations for the upcoming year. Meanwhile, the board has recommended a final dividend of Rs 4.50 per equity share for the financial year ended March 31, 2025. The record date for determining eligible shareholders has been set as Friday, 1 August 2025. Additionally, the board approved a proposal to seek shareholder approval via special resolution to raise up to Rs 1,500 crore in a financial year through the issuance of debt securities, including non-convertible debentures (NCDs), in one or more tranches on a private placement basis. The securities may be denominated in Indian rupees or foreign currency. Narayana Hrudayalaya is one of the leading healthcare service providers in India, operating a chain of multispecialty, tertiary, and primary healthcare facilities. The company has a network of 18 hospitals and 2 heart centers across India, along with an overseas presence in the Cayman Islands, with over 5,550 operational beds and a capacity of over 5,900 beds.
Business Standard
24-05-2025
- Business
- Business Standard
Narayana Hrudayalaya Q4 PAT grows 3% YoY to Rs 197 cr
Narayana Hrudayalaya reported a 3.41% rise in consolidated net profit to Rs 197.21 crore on an 18.39% increase in revenue from operations to Rs 1,475.44 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 253.02 crore during the quarter, registering a growth of 13.86% from Rs 222.22 crore reported in Q4 FY24. India's revenue stood at Rs 1,108.8 crore, up 10.66% year-on-year (YoY), while revenue from the Cayman Islands was Rs 379.7 crore, up 50.2% YoY. Consolidated EBITDA grew by 22.17% to Rs 384.6 crore in the March 2025 quarter from Rs 314.8 crore in Q4 FY24. EBITDA margin improved to 26.1% in Q4 FY25 as against 25.3% in Q4 FY24. On the margins front, the company's operating margin reduced to 24.25% in Q4 FY25, compared with 23.02% recorded in Q4 FY24. Net profit margin declined to 13.30% in Q4 FY25 from 14.91% registered in Q4 FY24. As of March 31, 2025, the companys total borrowings, net of cash, bank balances, and current investments, stood at Rs 533 crore. The net debt-to-equity ratio was at 0.15, with foreign currency-denominated debt amounting to $86.8 million. On a full-year basis, the company's net profit rose 0.11% to Rs 790.16 crore on a 12.12% rise in revenue to Rs 5,482.98 crore in FY25 over FY24. Dr. Emmanuel Rupert, managing director and group CEO, Narayana Hrudayalaya, said, The current financial year demonstrated strong performance across our units, both domestic and international; we are pleased to report the highest-ever revenues and profitability margins on both a quarterly and an annual basis at the consolidated level. The performance improvement in India units has been driven by domestic volume pickup, increased realizations, and optimization in payor categories. While our flagships continue to contribute significantly, our Southern Peripheral and North units have shown significant growth this year, and we hope to build on the momentum going forward. The new hospital in Camana Bay is fully functional and is contributing meaningfully to the overall Cayman business. We are excited about the traction in the new hospital and are confident that the region will deliver strong growth going forward. The integrated care business is picking up well, with our new clinics garnering sizeable footfalls. We will continue to invest in this business and are optimistic that it will be a significant driver of growth for the overall NH ecosystem. We thank the investor community for their faith in us and remain confident of delivering on expectations for the upcoming year. Meanwhile, the board has recommended a final dividend of Rs 4.50 per equity share for the financial year ended March 31, 2025. The record date for determining eligible shareholders has been set as Friday, 1 August 2025. Additionally, the board approved a proposal to seek shareholder approval via special resolution to raise up to Rs 1,500 crore in a financial year through the issuance of debt securities, including non-convertible debentures (NCDs), in one or more tranches on a private placement basis. The securities may be denominated in Indian rupees or foreign currency. Narayana Hrudayalaya is one of the leading healthcare service providers in India, operating a chain of multispecialty, tertiary, and primary healthcare facilities. The company has a network of 18 hospitals and 2 heart centers across India, along with an overseas presence in the Cayman Islands, with over 5,550 operational beds and a capacity of over 5,900 beds. Shares of Narayana Hrudayalaya rose 0.01% to end at Rs 1,724.40 on Friday, 23 May 2025.
