Latest news with #RML
Hans India
6 days ago
- General
- Hans India
Disaster management drill checks preparedness for earthquake
New Delhi: A field-level, multi-agency disaster management mock drill was carried out at 55 locations across the national capital on Friday morning, according to officials. The exercise began with the triggering of a simulated earthquake scenario followed by chemical leaks in industrial and transport zones in all the 11 districts of the city. The exercise was conducted simultaneously in Delhi, UP, Haryana and the National Capital Region, the officials said. A large number of personnel from different agencies including fire services, police and revenue department, took part in the exercise conducting rescue and relief rehearsals at places like Ramesh Nagar Metro station, Mother International School and Ram Manohar Lohia Hospital. Preparations for emergency response situation in case of earthquake and industrial accident was recreated at the RML hospital. At the Mother International School, disconnection of gas and electricity connections after signal of simulated earthquake and rescue was practised. The National Disaster Management Authority (NDMA), in collaboration with the Indian Army and the governments of Delhi, Haryana, and Uttar Pradesh, is organising 'Exercise Suraksha Chakra' that culminated with a field-level mock drill.
Business Standard
18-07-2025
- Business
- Business Standard
Route Mobile dips as Q1 PAT slides 32% YoY to Rs 53 cr in FY26
Route Mobile fell 3.96% to Rs 969 after the company's consolidated net profit declined 32.23% to Rs 53.21 crore on a 4.77% drop in revenue from operation to Rs 1,050.83 crore in Q1 FY26 over Q1 FY25. Revenue growth was affected by a decline in international business and the ending of some low-margin customer contracts. Profit before tax (PBT) stood at Rs 76.57 crore in Q1 FY26, down 25.57% year-on-year and down 3.01% quarter-on-quarter. Total expenses fell 2.56% to Rs 985.23 crore in Q1 FY26 as against Rs 1,011.10 crore posted in the corresponding quarter of the previous year. Employee benefits expenses stood at Rs 68.59 crore (up 4.67% YoY), and finance costs stood at Rs 5.82 crore (down 36.25% YoY) during the quarter under review. Rajdipkumar Gupta, chief executive officer and managing director of Route Mobile, said, We are navigating a dynamic market environment, marked by continued softness in the A2P SMS segment. While revenue has declinedpartly due to the loss of low-margin business and customer shifts to alternate channelsgross margin performance has improved, leading to a stronger EBITDA margin over last quarter. This reflects our commitment to driving sustainable, quality-led growth with a strong focus on profitability. Encouragingly, we are seeing healthy traction across our non-SMS product lines, validating our diversification strategy. Our strategic initiatives include expansion of RCS-based solution revenues, deepening partnerships with global system integrators, expanding the footprint of our MNO firewall solutions, and shaping our approach to the telecom API opportunity. As we continue to execute with discipline and clarity in a rapidly evolving communication landscape, we remain confident in our ability to build a more resilient and value-accretive business. Meanwhile, the company announced that CEO Gautam Badalia stepped down on 17 July 2025. The Board has approved Rajdipkumar Guptas redesignation as Managing Director and CEO, effective 18 July 2025. Additionally, the companys board has recommended a first interim dividend of Rs 3 per equity share, which is 30%, pending shareholder approval. Route Mobile ("RML") is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML's portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across a broad range of industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in the Asia Pacific, the Middle East, Africa, Europe, and North America.
Herald Sun
09-07-2025
- Business
- Herald Sun
RML to drill Horse Heaven
Resolution Minerals approved to drill at Horse Heaven in Idaho Drilling to commence in August The phase 1 program will include 20 holes with a focus on the Golden Gate target A phase 2 campaign is also planned Special report: Drilling at Resolution Minerals' Horse Heaven asset in Idaho's historical Stibnite mining district is set to start in August after approval was granted by the US Forest Service. The service approved the company's proposed Plan of Operations, comprising 57 holes from 19 drill sites along an existing road network in Valley County. An initial phase 1 campaign, targeting up to 20 drill holes and totalling 20,000 feet (6.096km) at the Golden Gate target area, is expected to begin next month. The Golden Gate fault zone has a strike length of ~3.5km and hosts known disseminated gold mineralisation associated with hydrothermally altered and sheared granodiorite. Several past drilling programs targeted shallow oxide gold, returning hits such as 36.6m at 1.51g/t gold and 71.6m at 1.37g/t but overlooked antimony and tungsten. Resolution Minerals (ASX:RML) plans to confirm the presence of a gold resource, expand known mineralisation and potentially identify the presence of tungsten and antimony. First drilling in over 30 years RML CEO of US operations Craig Lindsay said receipt of this approval allowed for the first new drilling at the project in more than 30 years. 'Resolution Minerals is very excited to begin aggressively advancing Horse Heaven,' he said. 'Historically, the Golden Gate area has produced tungsten from both open pits and underground adits, and an antimony anomaly has been identified that runs parallel to the Golden Fault Zone. 'We are excited about the prospect of the Horse Heaven project and its potential to play an important role in meeting the United States' growing demand for a domestic supply of critical metals.' Background on Horse Heaven The brownfields project was acquired by RML in June. Horse Heaven shares a boundary with A$2bn market cap Perpetua Resources ( and its Stibnite gold-antimony project which hosts a 4.8Moz gold reserve and 148Mlb of antimony. It boasts strong gold, antimony and silver mineralisation in two prospects – the Antimony Ridge Fault Zone (ARFZ) and the Golden Gate Fault Zone (GGFZ) – and includes past-producing antimony and tungsten mines. RML's entry into US critical minerals development comes at a terrific time, with the market attributing premiums to companies operating in the space thanks to the supportive pro-mining policies of new President Donald Trump. The regulatory shift has seen ASX-listed US explorers race to prominence, with Dateline Resources (ASX:DTR) running from a market cap of less than $10m to more than $300m in the past two months thanks to its Colosseum gold and rare earths project in California. Other ASX listed companies with US critical minerals assets such as Trigg Minerals (ASX:TMG) and Locksley Resources (ASX:LKY) have also experienced significant re-rates on the back of the Trump Government's 'drill, baby, drill agenda, and China's export bans. What's next? Vendors of Horse Heaven have exercised an option and completed acquisition of 100% of the issued share capital of the company holding the Horse Heaven asset. The acquisition remains subject to only two remaining conditions precedent - the completion of due diligence by RML on the Horse Heaven project, as well as shareholder approval which is being sought at a general meeting on July 25. Depending on the results from the first phase, a phase 2 drilling campaign is planned for the Spring/Summer of 2026. RML is finalising agreements with a drilling contractor and other service providers. It is also initiating a mapping and sampling program at Golden Gate, Antimony Ridge and other emerging exploration targets to assist with planning and permitting activities for future planned drilling. This article was developed in collaboration with Resolution Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Resolution Minerals gets green light for Horse Heaven antimony-gold-tungsten drilling
Time of India
05-07-2025
- Business
- Time of India
Market share of Ganganagar Sugar Mill plummets from 92% to 11% in five years
Jaipur: The Rajasthan State Ganganagar Sugar Mill (RSGSM), once a dominant force in the Rajasthan Made Liquor (RML) segment, has witnessed a dramatic decline in its market share—from 92.54% in 2019–20 to just 10.88% in 2024–25. In contrast, a private company selling RML expanded its share over the same period, rising from 7.46% to 70.76%. RML was introduced in 2019–20 as a low-cost alternative to Indian-Made Foreign Liquor (IMFL), with the aim of promoting and financially strengthening RSGSM. At the time of its launch, RSGSM was the principal producer. However, despite steady growth in overall RML sales—crossing 60 lakh cases annually—RSGSM's contribution continued to shrink. According to documents accessed by TOI for 2024–25, out of a total of 60.24 lakh RML cartons sold, the private firm accounted for 42.63 lakh cartons (70.76%), RSGSM sold 6.56 lakh cartons (10.88%) and the remaining 12% was divided among a dozen other companies. Over the past six years, RSGSM's presence in the RML market steadily eroded. From a commanding 92.54% share in 2019–20, it dropped to 32.57% in 2020–21, then to 30.99% in 2021–22, 27.46% in 2022–23, 25.17% in 2023–24, and finally to 10.88% in 2024–25. This sustained decline marks a significant setback for the state-run enterprise in a segment it once dominated. A senior official, speaking on the condition of anonymity, said, "The policy needs to be reviewed, as it triggered a steep decline in RSGSM's sales. Earlier, contractors were mandated to purchase 40% of their RML stock from RSGSM under a rider clause. This requirement was later reduced to 25% and eventually made optional. Under the revised rules, contractors opting out of purchasing RSGSM's products could choose private brands instead by paying Rs 10 per bulk litre or Rs 87 per case. " The data shows that while several private companies expanded their presence in the RML segment, one private firm recorded the most significant growth—its market share increasing more than tenfold since the launch of RML. Sources alleged that a nexus between private players and officials in the excise and finance departments enabled this company to corner 70% of the total orders.
Time of India
27-06-2025
- Automotive
- Time of India
Rane (Madras) sells 3.48-acre land in Chennai to Prestige Group's JV firm for Rs 361 crore
Rane (Madras) Ltd has sold a 3.48-acre land in Velachery, Chennai to a joint venture firm between Prestige Estates Project Ltd and Arihant Foundations & Housing for Rs 361 crore. The deal was facilitated by real estate consultant CBRE . Rane (Madras) Ltd has entered into an agreement with Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Project Ltd, to sell 3.48 acres of land in Velachery, the company said in a regulatory filing on Friday. The deal value is Rs 361.18 crore. The total extent of land in Velachery is 4.50 acres and Rane (Madras) will retain the balance portion of the land, where a new office will be constructed. Live Events "This land monetisation will achieve twin objectives of reducing debt as well as integrating city offices of various divisions to further unlock long term cost synergies of the merger," the company said. Rane (Madras) Limited (RML) is part of the Rane Group of Companies , a leading auto component group based out of Chennai. RML supplies its products to major OEMs and aftermarket in India and abroad. It manufactures various automotive products, viz. steering and suspension systems, brake components, engine components, and light metal casting components.
