Latest news with #Project
Mint
19 hours ago
- Automotive
- Mint
Ola Electric share price extends rally, zooms 22% in two days despite ₹428 crore loss in Q1. What's behind the surge?
Ola Electric shares extended their winning streak to the second straight session on Tuesday, July 15, even as the company reported a net loss of ₹ 428 crore in the first quarter of the financial year 2025-26 (Q1FY26). However, the loss narrowed sequentially, which cheered stock market investors. Apart from this, many operating performance updates — improvement in margins to the auto segment, turning EBITDA positive in June —appeared to be driving the interest in the two-wheeler electric company's stock. Ola Electric shares, which are down almost 69% from their 52-week high levels, witnessed a spurt in buying interest as investors cheered the improvement in Q1FY26 performance over Q4FY25. The loss narrowed from ₹ 870 crore posted in the preceding quarter, even as it widened on a YoY basis. The consolidated revenue from operations stood at ₹ 828 crore during the June quarter, higher than ₹ 611 crore in the March quarter. 'What sparked investor interest was the sequential improvement—losses narrowed significantly from ₹ 870 crore in Q4 FY25—and the operational turnaround in the automotive segment. Notably, the unit achieved positive EBITDA in June and delivered a record gross margin of 25.6%, driven by vertical integration, disciplined cost control under Project 'Lakshya,' and the shift to more efficient Gen‑3 models,' said Harshal Dasani, Business Head, INVasset PMS. 'Market confidence was further bolstered by Ola's guidance for FY26, with projected gross margins of 35–40%, supported by PLI-linked incentives and a target of becoming EBITDA-positive from Q2 onward. The company also introduced rare-earth-free motors, addressing long-term supply chain concerns and adding credibility to its localisation roadmap," Dasani added. Ola expects to sell between 3,25,000 to 3,75,000 vehicles and generate revenue of ₹ 4200 - ₹ 4700 crore in FY26. With Production Linked Incentive (PLI) benefits beginning from Q2 for the Gen 3 product portfolio, gross margin is projected to rise to 35% - 40%, and the company anticipates full-year auto EBITDA of above 5%, the company said in a release post Q1 results. While the headline loss paints a grim picture, the underlying operational metrics indicate a company steadily regaining control and positioning itself for sustainable profitability, he said, adding that this is a classic case of the market rewarding execution clarity over immediate bottom-line performance. Ola Electric share price settled over 18% higher on the BSE following its Q1 results announcement earlier in the day. In intraday today, Ola Electric share price jumped almost 4% to ₹ 48.88, taking the two-day gains to 22%. Global brokerage Goldman Sachs maintained a 'Buy' rating on Ola Electric stock and raised the target price to ₹ 63 from ₹ 60 earlier. HSBC also raised its target for Ola Electric share price to ₹ 49 while maintaining a 'Hold' rating. After multiple misses, punchy gross margin expansion in 1Q was a positive surprise, said HSBC. Yet it remains concerned that the cell business might not be eligible for the PLI benefit, weighing down the company's longer-term margin. However, Kotak Institutional Equities (KIE) retained its 'Sell' rating on Ola Electric stock. "While the company has improved its profitability significantly, volume offtake remains below expectations given muted industry growth and increased competitive intensity, which remains an area of concern. Maintain SELL with an unchanged FV of ₹ 30 based on DCF methodology (3.5X FY2027E EV/sales)," it said.
Indian Express
a day ago
- Politics
- Indian Express
Plugged 145 of 204 trespass-prone openings on suburban railway system: Central Railway to HC
The Central Railway on Monday informed the Bombay High Court that of the 204 additional trespass-prone openings identified on the local railway system, 145 have been plugged and the rest will be done within a year. The CR also submitted that 5, 564 deaths occurred between 2018 and May this year due to track crossing, while 2,769 cases were due to falling from the running train. The HC was hearing the response by the railways on a PIL that raised concerns over the high rate of fatalities in the suburban railway system. In 2025, until May, CR has recorded 293 deaths due to track crossing and 150 due to falling from the running train. A bench of Chief Justice Alok Aradhe and Justice Sandeep V Marne was hearing a Public Interest Litigation (PIL) filed by one Yatin Jadhav, a daily commuter who raised concerns over the high rate of fatalities in the second busiest suburban railway system in the world and sought the formation of an expert panel to recommend measures to eliminate deaths due to untoward incidents. On June 20, the HC had expressed concern over the 'disturbing' situation of nearly 10 deaths occurring daily on Mumbai's suburban railway system. The bench had said that the 'unfortunate' Mumbra train accident reported last month, in which five commuters lost their lives after falling off overcrowded trains, should not have happened. The court was informed that the railways have a high-level monitoring committee with a 'zero death mission', and a multi-disciplinary committee headed by a senior divisional safety officer was formed to examine what led to the accident in Mumbai. Pravindra Wanjari, Senior Divisional Commercial Manager, Mumbai of CR enumerated measures adopted by it to redress issues and stated that projects such as Panvel-Karjat suburban corridor, Kalwa-Airoli elevated corridor, third and fourth line between Kalyan-Badlapur will be 'progressively' done within three to four years. Moreover, the third line between Kalyan and Kasara is scheduled to be completed by December 2026. Among other projects, the fifth and sixth line between Kurla and CSMT is undertaken, of which Kurla-Parel (Phase-1) is scheduled to be completed by June 2027. However, the same is affected by private land acquisition and issues of Project Affected Persons (PAPs), the affidavit stated. 'The Central Railway Suburban system in itself is a complex network. During monsoon, the work gets slowed down, as no digging is done due to safety reasons. Further, the work is to be carried out ensuring safety of a large volume of traffic. The major work is carried out only during night blocks,' the affidavit stated. Moreover, the CR said the requests were sent to nearly 800 establishments to make staggered office hours to reduce peak-hour rush. Earlier this month, the Indian Express reported that only 46 establishments had responded positively. The HC was further informed that an investigation by multi-disciplinary team has been constituted to probe the June 9 Mumbra incident convened by a senior divisional safety officer and the investigation is underway. The HC will hear the PIL next week.
Irish Independent
2 days ago
- Health
- Irish Independent
The Dublin area with a growing population of 11,335 … but little or no access to a GP
The third edition of the Health Assets and Needs Assessment (HANA) Project, from Trinity College Dublin, was presented at a recent meeting of South Dublin County Council. The findings highlight how healthcare has changed in Tallaght over the last 30 years, and in areas perceived to suffer more from 'deprivation', the symptoms associated with ageing are worse. Nowhere is this more evident than in Fettercairn, where a growing population of 11,335 (according to census 2022) complain that they have little or no access to a local GP. Elizabeth Ruane (76) moved to Fettercairn from Ballymun 44 years ago, and is a member of the senior women's club organised by the Tallaght Community Health Project. 'We've always had to travel for a GP. We used to have one years and years ago but now we have to go to Killinarden,' she said. 'I'd have to get the bus down to the end of the road, which takes about 25 to 30 minutes and walk for 20 minutes from there. 'We were promised a GP when Fettercairn got its first Community Centre – the people of this community raised money to build it. We were told there would be a GP upstairs, but it just never happened. 'When you're younger, you think it's okay and you can just get the bus. But when you're older, even something that seems simple can make your life so difficult.' Ms Ruane currently visits a GP service a few miles away from her home in Fettercairn. 'I've a new doctor now who's very helpful. I had a spot on my leg that was worrying me. He thought it might have been cancerous and fixed it; then referred me to Tallaght hospital for further care. That was in April, I've never heard back. ADVERTISEMENT 'I'm afraid to get sick, because I know I won't be able to see the doctor. I've figured out that when you get to a certain age, they're not interested. They let you stay at the end of the list because they don't care about us,' she added. Professor Catherine Darker, who authored the Trinity College study, has observed that chronic illnesses, including heart issues, diabetes and neurological diseases, are high among the people of Tallaght. 'We already have data to show that the way different diseases burden ageing groups, differs depending on the community you live in. The most rapidly growing age group in Tallaght is over-65,' Ms Darker said. 'Health is not equally distributed here, so you could have more affluent parts of the city where an age group is doing well globally, but the same groups in social and economically deprived areas will age differently. 'For people who are poor, the poverty automatically means that you have worse health,' she added. A spokesperson for the HSE said it has 39 GPs in the wider Dublin 24 area working from 20 different practices, including within the Fettercairn area. 'The HSE can confirm it does not limit the number of GPs who wish to take on a General Medical Services contract with the HSE in a specific location. 'GPs are self-employed and have the ability to set up a practice in any area they choose, depending on various factors.' Brookfield Health Centre in Jobstown is the clinic located closest to Fettercairn, but multiple calls to check on appointment availability last week went unanswered. Kay Hoban (74), another member of the women's group, says what's harder than the lack of access, is the time it takes to make it through a waiting list. 'It takes at least two weeks to hear back from the GP if you call them. They never answer – people over 60 have to walk to the GP's office to even make an appointment,' she said. 'I always wonder what would happen if you're really sick. At our age that's a real worry. 'If you go to the emergency [department], you're left waiting over 36 hours, and they wouldn't have my history anyway. If you don't have private insurance, you have no chance of finding help.' Independent councillor for Tallaght-Central, Mick Duff, wonders why a part of Dublin with a growing population is struggling to attract a GP. 'It's reprehensible in 2025 that we don't have a GP physically present in Fettercairn,' he said. 'I know there are services in the surrounding area like the Mary Mercer Health Centre and there are doctors and GPs in nearby Springfield. 'The people of Fettercairn deserve a GP in their own area and I don't know what it's going to take to attract a GP. It's quite an established estate, it has an older generation and now a very vibrant young generation. 'There's a great healthcare committee in the community centre, an addiction centre with a GP attending, but there isn't one for general medical issues. 'I hope the county council can support and encourage some young GPs to come in and open their services in the area. 'Fettercairn is not a million miles from Tallaght Hospital, but people should not be reliant on outpatient or emergency care. 'There are older people and people with disabilities who cannot get out of the area as easily as others,' he added. Mary Kelly (77), who has lived in Fettercairn for 45 years, remembers being a young mother in the area struggling for medical care. 'Not much has changed. Having no GPs nearby is a big problem. It was definitely worse when my children were younger,' she said. 'We've been fighting for a GP in Fettercairn for years, but nothing's changed. I have to go to Brookfield to get to mine. It's just 10 minutes for me by car, but not everyone has that luxury.' The HANA report has also found that older people in Tallaght struggle with loneliness. The Tallaght Community Health Project has worked with older people to support them through it. Project coordinator, Samantha Griffin, works closely with locals to encourage arts and crafts, field trips and theatre shows to help build a sense of community. 'For some of the people that engage in the women's club or our other initiatives, this might be the only time in the week that they even see other people,' she said. 'Covid made people feel more isolated than ever before. But initiatives like this can make a world of difference.' Mary Malone (75), who has lived in Fettercairn her entire life, has found the club to be the best way to stay in touch with friends. 'I knew a lot of these women before I joined, some of us are neighbours,' she said. 'I love doing the arts and crafts, you can talk and work away at the same time. It's a way of taking care of our health on our own.' Kay Hoban said having a sense of community has helped her take care of herself. 'I've been coming here for the last two years. I was recommended by a doctor to do exercises because of my arthritis. I heard about the Monday evening group and joined. I've now found a family,' she said. 'I've been a widow for 51 years. The club has helped older people in the area a lot. We're not seeing people during the week. 'If you don't come up here, I go days without seeing anyone. So for me, spending time with these women is a great outlet.'
Irish Daily Mirror
5 days ago
- Business
- Irish Daily Mirror
Beleaguered water treatment plant gets green light after seven year delay
A water project that has been the subject of seven years of legal proceedings has finally been given the green light. Uisce Éireann confirmed that planning approval for the Greater Dublin Drainage (GDD) Project in Clonshaugh had been granted by An Coimisiún Pleanála. Its CEO, Niall Gleeson, previously estimated that due to a seven year delay in the project due to judicial reviews to the planning application, the cost had ballooned from €600m to €1.2bn. Uisce Éireann's Infrastructure Delivery Director Maria O'Dwyer described the Greater Dublin Drainage project as a 'key part of Uisce Éireann's investment in new wastewater infrastructure in Greater Dublin' that 'will facilitate housing and growth, protect public health into the future'. She said: 'The Greater Dublin Drainage Project was first submitted for planning in 2018 and since that time, population and economic growth means the volume of wastewater we are producing has continued to grow, so the delivery of this critical infrastructure project is more important than ever. 'Current projections are that the amount of wastewater generated in the Greater Dublin Area including parts of Wicklow, Kildare and Meath will increase by over 50% in the period to 2050. 'The delivery of this essential project on the northside of Dublin in addition to the upgrade to the Ringsend Treatment Plant on the southside of the City (to be complete by the end of this year) will provide the capacity and resilience to support economic and social development for many years to come'. Mr Gleeson criticised the delay of this project during the official opening of the Arklow Wastewater Treatment Plant in May. He stated: 'I would say that if you took it, the taxpayer and the State, it is probably in the billions [that is being lost]. Private entities are losing a fortune through this kind of stuff as well. 'I know there's a lot of work being done on the planning process and, actually, a lot of the planning process works pretty well with the local authorities and An Bórd Pleanála, 'But it's the ones that are tricky to get through, the larger projects, that I think we need extra support. But that cost is real.'
Business Wire
7 days ago
- Business
- Business Wire
Enstor Receives FERC Notice to Proceed with Construction for Expansion of Mississippi Hub Natural Gas Storage Facility
HOUSTON--(BUSINESS WIRE)--Emerald Storage Holdings LLC, the parent company of Enstor Gas, LLC and Mississippi Hub, LLC, today announced that the Federal Energy Regulatory Commission (FERC) has issued a Notice to Proceed with Construction for the Mississippi Hub Expansion Project. Mississippi Hub is a high-deliverability underground natural gas storage facility located on the Bond Salt Dome in Simpson County, Mississippi. The Expansion Project includes three additional storage caverns, each with approximately 10 billion cubic feet (Bcf) of working storage capacity, as well as incremental expansion of the hub's existing caverns. In total, the Mississippi Hub Expansion Project will add up to 33.5 Bcf of new working gas capacity and up to 0.7 million dekatherms per day (MMDth/day) of new injection capacity. Upon completion of the expansion, Mississippi Hub's total working gas storage capacity is expected to be 56.3 Bcf, approximately 2.5 times the facility's present capacity. The injection capacity will increase to a total of 1.90 MMDth/day and the withdrawal capacity will remain at 2.40 MMDth/day, as previously certificated before the expansion. Enstor plans to begin construction immediately and anticipates the expansion to be in-service by 2028. About Enstor Enstor is one of the largest privately owned natural gas storage companies in the United States. Headquartered in Houston, the company owns and operates six active underground natural gas storage facilities in four states with more than 110 Bcf in working gas capacity. Enstor has approximately 170 miles of transmission pipelines and 39 interconnects to major transmission pipelines. For more information, please visit About Mississippi Hub, LLC Enstor's Mississippi Hub is a FERC-certified high-deliverability underground facility located on the Bond Salt Dome in Simpson County, Mississippi. Mississippi Hub has multiple pipeline interconnections and is ideally located to serve growing demand centers. The facility today has three storage caverns holding up to 22.4 Bcf of working gas. The facility offers close proximity to major interstate pipelines and pipeline expansion projects that access major downstream natural gas markets. It also provides access to major sources of shale gas production, liquefied natural gas exports, as well as traditional gas supplies along the Gulf Coast. For additional details please visit
