Latest news with #SILO
Business Standard
25-04-2025
- Business
- Business Standard
Rites bags Rs 28-cr work order from MCL for rail connectivity project
RITES has announced that it has received a work order from Mahanadi Coalfields (MCL) for providing detailed engineering and project management consultancy services, valued at Rs 28 crore. The project involves detailed engineering and project management consultancy for the development of rail connectivity for the proposed Phase-II SILO at the Lakhanpur area of MCL. The total project cost is estimated at Rs 28 crore and the project is scheduled to be completed within 24 months. The company also clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. The official announcement was made on Thursday, 24 April 2025, after market hours RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company. The companys consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter. The counter slipped 3.41% to Rs 231 on the BSE.
Business Standard
25-04-2025
- Business
- Business Standard
Stock Alert: Axis Bank, Tech Mahindra, Macrotech Developers, Reliance Industries,
Upcoming Results: Reliance Industries, Maruti Suzuki India, RBL Bank, Tata Technologies, L&T Finance, Cholamandalam Investment and Finance, DCB Bank, Force Motors, Hindustan Zinc, Chennai Petroleum Corporation, Dr Lal PathLabs, Lloyds Metals and Energy, Bank of Maharashtra, Mahindra Lifespace Developers, Motilal Oswal Financial Services, Oracle Financial Services Software, Poonawalla Fincorp, Rossari Biotech, Shriram Finance, Tejas Networks, VST Industries, and Zensar Technologies will release their quarterly results later today. Stocks to Watch: Axis Banks standalone net profit declined marginally to Rs 7,117.50, down 0.17% as compared with Rs 7,129.67 crore in Q4 FY25. Total income increased 5.65% to Rs 38,022.03 crore in Q4 FY25 as compared with Rs 35,990.33 crore in Q4 FY24. Tech Mahindras consolidated net profit advanced 18.66% to Rs 1,166.7 crore in Q4 FY25 as against Rs 983.2 crore reported in Q3 FY25. However, revenue from operations declined marginally, 0.74%, to Rs 13,384.0 crore in the March quarter from Rs 13,285.6 crore recorded in the preceding quarter of FY24. Macrotech Developers consolidated net profit jumped 38.5% to Rs 921 crore in Q4 FY25 as compared with Rs 665.5 crore in Q4 FY24. Revenue from operations increased 5.12% YoY to Rs 4224.3 crore in Q4 FY25. Cyient reported 39.33% jump in consolidated net profit to Rs 170.4 crore in Q4 FY25 as compared with Rs 122.3 crore in Q3 FY25. Revenue from operations declined marginally to Rs 1,909.20 crore in Q4 FY25, down 0.89% as compared with Rs 1,926.40 crore in Q3 FY25. Rites received a work order worth Rs 28 crore from Mahanadi Coalfields (MCL) for the detailed engineering & project management consultancy services for the work of rail connectivity for proposed phase-II SILO at Lakhanpur, Area of MCL in Jammu & Kashmir.
Business Upturn
24-04-2025
- Business
- Business Upturn
RITES secures Rs 28 crore order from Mahanadi Coalfields for rail connectivity project
By Aditya Bhagchandani Published on April 24, 2025, 19:01 IST RITES Limited has received a major order from Mahanadi Coalfields Limited (MCL) for providing Detailed Engineering and Project Management Consultancy services. The scope of the project involves the rail connectivity for the proposed phase-II SILO at Lakhanpur Area of MCL. According to the regulatory filing dated April 24, 2025, the work order is valued at ₹28 crore (excluding GST) and is expected to be executed over a period of 24 months. The order has been awarded by a domestic entity and does not involve any related party transaction. RITES clarified that neither the promoter group nor any group companies have any interest in the awarding entity, and the order will be executed under standard terms. This project win reinforces RITES' strong presence in the rail infrastructure consultancy space and its long-standing collaboration with coal and public sector enterprises. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
TimesLIVE
22-04-2025
- Entertainment
- TimesLIVE
Amapiano star Vigro Deep takes over the Big Apple
South African amapiano star DJ and producer Vigro Deep (real name Kamogelo Phetla) took over Brooklyn, New York, at the weekend. The headline act of the Descendants: Afrohouse & Amapiano Experience at SILO in Brooklyn, Vigro performed for his first time in New York to a sold-out capacity show on Saturday night which also included DJs Meedy, Ethan Tomas, Vonnie Mack and Pizzi on the decks. The son of South Africa's renowned DJ Spring (Victor Ngcongwana), one of the founding members of the legendary Godfather of Deep House Collective, Vigro experimented with sounds at a young age and attributed his success to his father. 'My dad's influence played a big part, as he's seen as a legend in house music in South Africa — so that really already set the ball in how my work ethic should be,' he told TimesLIVE Premium. 'I got used to spending hours perfecting beats and understanding the emotional side of music too, not just the technical.' When asked about what's going through his mind when he's behind the decks and the crowd is vibing, the 23-year-old star from Atteridgeville, Pretoria, said: 'In those moments, I'm locked in. It's almost spiritual. 'I'm reading the energy of the crowd, but also letting the music speak through me. I don't overthink — I feel. That connection between me and the people, is what fuels every drop, every transition. And I'm always making sure I have fun. It's important for the crowd to see that I'm enjoying it as much as they are.'
