Latest news with #Ranchi-based
Economic Times
27-05-2025
- Business
- Economic Times
Coal India arm CMPDI files DRHP with Sebi for an IPO
Ranchi-based CMPDI, a Coal India subsidiary, filed its draft red herring prospectus for an IPO comprising a 7.14 crore share offer for sale by Coal India. CMPDI, India's leading coal consultancy, posted Rs 667 crore profit in FY25 with zero debt, aiming for listing to enhance operational autonomy. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ranchi-based Central Mine Planning and Design Institute Ltd ( CMPDI ), a government-owned coal and mineral exploration consultancy under Coal India , has filed its draft red herring prospectus (DRHP) with Sebi to float its maiden public offer. The IPO is a pure offer for sale (OFS) of 7.14 crore equity shares by parent company Coal will not receive any proceeds from the offer, as the entire IPO is a share sale by Coal India. The objective of the offer is to achieve the benefits of listing and provide liquidity to the selling shareholder. Coal India currently holds 100% stake in IPO filing follows the coal ministry's earlier plan announced in February to list two Coal India subsidiaries --- BCCL and CMPDI -- as part of its efforts to streamline operations and improve efficiency. Listing these subsidiaries is expected to provide operational autonomy while allowing Coal India to focus on core mining largest coal and mineral consultancyIncorporated in 1975, CMPDI is a premier consultancy and support services provider for coal and mineral exploration, mine planning and design, environmental management, infrastructure engineering, and specialized technology services. The company is the preferred advisor to Coal India and enjoys the largest market share in coal and mineral consultancy in operates across the entire mining lifecycle and has seven regional institutes across India including in Asansol, Dhanbad, Ranchi, Nagpur, and Bhubaneswar. CMPDI has built an integrated service portfolio covering both surface and underground coal mines, with an extensive client base including government entities and state-owned financial performance with no debtCMPDI posted a profit of Rs 667 crore on revenues of Rs 2,103 crore in FY25, up from Rs 503 crore profit and Rs 1,732 crore revenue in FY24. Its net worth stood at Rs 2,042 crore as of March 31, 2025, with zero borrowings. The company also enjoys high return metrics, with RoNW at 32.7% and EBITDA margins over 30%.CMPDI's revenue growth has been supported by steady inflows from Coal India subsidiaries, which accounted for nearly 67% of its top line in Capital Markets and IDBI Capital Markets are acting as the book running lead managers to the issue.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
27-05-2025
- Business
- Time of India
Coal India arm CMPDI files DRHP with Sebi for an IPO
Ranchi-based Central Mine Planning and Design Institute Ltd ( CMPDI ), a government-owned coal and mineral exploration consultancy under Coal India , has filed its draft red herring prospectus (DRHP) with Sebi to float its maiden public offer. The IPO is a pure offer for sale (OFS) of 7.14 crore equity shares by parent company Coal India. CMPDI will not receive any proceeds from the offer, as the entire IPO is a share sale by Coal India. The objective of the offer is to achieve the benefits of listing and provide liquidity to the selling shareholder. Coal India currently holds 100% stake in CMPDI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cau Dien: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo This IPO filing follows the coal ministry's earlier plan announced in February to list two Coal India subsidiaries --- BCCL and CMPDI -- as part of its efforts to streamline operations and improve efficiency. Listing these subsidiaries is expected to provide operational autonomy while allowing Coal India to focus on core mining activities. India's largest coal and mineral consultancy Incorporated in 1975, CMPDI is a premier consultancy and support services provider for coal and mineral exploration, mine planning and design, environmental management, infrastructure engineering, and specialized technology services. The company is the preferred advisor to Coal India and enjoys the largest market share in coal and mineral consultancy in India. Live Events It operates across the entire mining lifecycle and has seven regional institutes across India including in Asansol, Dhanbad, Ranchi, Nagpur, and Bhubaneswar. CMPDI has built an integrated service portfolio covering both surface and underground coal mines, with an extensive client base including government entities and state-owned enterprises. Strong financial performance with no debt CMPDI posted a profit of Rs 667 crore on revenues of Rs 2,103 crore in FY25, up from Rs 503 crore profit and Rs 1,732 crore revenue in FY24. Its net worth stood at Rs 2,042 crore as of March 31, 2025, with zero borrowings. The company also enjoys high return metrics, with RoNW at 32.7% and EBITDA margins over 30%. CMPDI's revenue growth has been supported by steady inflows from Coal India subsidiaries, which accounted for nearly 67% of its top line in FY25. SBI Capital Markets and IDBI Capital Markets are acting as the book running lead managers to the issue.
Time of India
25-05-2025
- Politics
- Time of India
Bangla outfit opposes renaming of DSPMU
Jamshedpur: The state cabinet's nod to rename the Ranchi-based Dr Shyama Prasad Mukherjee University after Shahid Veer Budhu Bhagat has upset the Bengali speaking people. The Jharkhand Bangla Bhashi Unnayan Samiti (JBBUS), which is the central committee of the 100 organisations of the Bengali community of the state, has criticised the state government for its decision to rechristen (DSPMU) after Shahid Budhu Bhagat. The JBBUS vice president Devi Shankar Dutta alias Kabu Dutta has said that the Hemant govt's cabinet nod to rechristening is an attack on the identity of the Bangla speaking people. Dr Shyama Prasad Mukherjee was a great nationalist, educationist and a true champion of the cause of the underprivileged, Dutta said. "Bangla language course in the govt schools has been stopped, Bangla teachers have been rendered jobless besides there's no initiative from the present govt to assuage the concerns of the Bangla speaking people," said Dutta addressing the state unit members meeting here on Sunday. He said that one-third of the population of the state is Bangla speaking yet the government is not sincere to the issues of the Bangla people. "Out of the 24 districts of the state, 16 districts are predominantly Bengali speaking," Dutta said. We demand from the government to resume Bangla in schools and provide adequate teachers and books in the schools, he said.
News18
20-05-2025
- Sport
- News18
MS Dhoni Becomes 4th Indian Cricketer After Rohit, Kohli And Suryakumar To...
MS Dhoni is playing for Chennai Super Kings in IPL 2025. The 43-year-old wicketkeeper-batter came out to bat at No. 8 for CSK on Tuesday (May 20) against Rajasthan Royals in the 62nd league match of IPL 2025 currently underway at Arun Jaitley Stadium in Delhi and hammered his first six of the match on the fifth ball of the 16th over bowled by Riyan Parag. The big hit straight down the ground helped him join Rohit Sharma, Virat Kohli and Suryakumar Yadav in an elite list of Indian batters. The Ranchi-based cricketer became the fourth Indian to hit 350 or more sixes in T20s. The ongoing match between CSK and RR is Dhoni's 404th T20 match, and he has hit 350 sixes so far.
The Hindu
14-05-2025
- Science
- The Hindu
Himalayan leap for yak genomic science
Specialists from four institutions of the Indian Council of Agricultural Research (ICAR) have assembled the first-ever chromosome-level genome of the Indian yak. The Indian yak (Bos grunniens), often called the 'ship of the Himalayas', is an integral part of the economy of high-altitude dwellers, who depend on it for meat, milk, and transportation. The bovine animal has long been recognised for its resilience and adaptability to extreme conditions. Mihir Sarkar, the director of ICAR-National Research Centre on Yak in Arunachal Pradesh's Dirang, said the 'leap for yak genomic science' marks a significant milestone that promises to revolutionise yak breeding programmes, conservation efforts, and the understanding of the genetic complexities of this vital species and its ecological role in the Himalayan landscape. Along with Martina Pukhrambam and Vijay Paul, he led the genomic research for the ICAR-NRC on Yak. Sujay Rakshit, A.K. Mohanty, and Y.G. Prasad, the directors of the Ranchi-based ICAR-Indian Institute of Agricultural Biotechnology, the Meerut-based ICAR-Central Institute for Research on Cattle, and the Nagpur-based ICAR-CIRC, led their respective research teams for the project. The research team utilised cutting-edge long-read sequencing technology and bioinformatics tools to generate the chromosome-level assembly, which maps the genes to their specific locations on the chromosomes, offering a significantly clearer and comprehensive picture. 'A comparative genomics between other bovine species with the generated data will open up allele mining for useful genes contributing to biotic and abiotic stresses and quality traits. The availability of a detailed genome is expected to benefit scientific research and local livestock management practices,' Dr. Rakshit said. 'With this genome, we can better understand how to sustain yak populations across the Himalayan belt,' Dr. Mohanty said. Dr. Sarkar underscored the need for a concerted effort to translate these findings into practice, especially in conservation and sustainable development. 'This resource will be invaluable for identifying genetic markers for traits like cold tolerance, disease resistance, and milk production with much greater precision, which will ensure the long-term sustainability of yak populations and ultimately lead to the socio-economic uplift of yak herders,' Dr. Pukhrambam said. In India, yaks are found above 7,000 feet in Ladakh, Sikkim, Arunachal Pradesh, and Himachal Pradesh. They face numerous challenges, including reduced grazing area, climate change, disease, and genetic erosion.
