Latest news with #operating
Mint
10 hours ago
- Politics
- Mint
Explosives used without alert ahead of Yogi Adityanath's Bahraich visit. BJP MLA flags ‘serious security lapse'
Two days ahead of Uttar Pradesh Chief Minister Yogi Adityanath's proposed visit to Bahraich, a company authorised by the Union Petroleum Ministry allegedly used large quantity of explosives for drilling without informing the local administration, officials said. Local BJP MLA Surveshvar Singh termed the incident a 'serious security lapse' and demanded cancellation of the chief minister's visit. Sub-Divisional Magistrate Alok Prasad told news agency PTI that Alpha Geo India Limited was assigned the task of drilling and surveying for oil and gas deposits by the Petroleum Ministry. The firm used ammonium nitrate explosives for the survey. Though the company was carrying out government-sanctioned work, it failed to follow the standard operating procedures (SOP) and did not inform the local administration, he said. This caused panic among villagers and resentment among the public representatives. Upon receiving information, police and administrative staff reached the site and initiated an inquiry, the SDM added. He said that around 200 employees of the company were working in different shifts across multiple villages, most of whom are from West Bengal and face a language barrier with the locals. To ensure their safety amid growing tension, all employees were brought to the Hardi police station, he added. Additional Superintendent of Police (Rural) Durga Prasad Tiwari said the company had drilled up to 30 metres underground using ammonium nitrate without prior intimation to villagers or authorities. "Today, around 50-60 employees deployed on the field were called to the police station for questioning. No one has been detained so far. The decision on filing an FIR will be taken after further inquiry," he said. Raising alarm, Mahsi MLA Sureshvar Singh said with the chief minister scheduled to visit on Tuesday, the presence of hundreds of outsiders and 500 kilograms of explosives in the district is highly concerning. "Intelligence reports have warned of possible infiltration by 47 terrorists through the Indo-Nepal border. Imagine the security risk at an event where the chief minister and possibly the Prime Minister will be present, commemorating Maharaja Suheldev, he said. The MLA said he had spoken to the state's Principal Secretary (Home) Sanjay Prasad and urged him to cancel the chief minister's visit until the matter is fully resolved. This is a serious security lapse. Kuldeep Sharma, a representative of Alpha Geo India Limited, admitted to the lapse. "We had informed the concerned authorities back in February. However, we should have informed them again before commencing work involving explosives. Since today was Sunday, we proceeded without intimation, which was a mistake," he told the news agency PTI.
New Indian Express
27-05-2025
- Climate
- New Indian Express
Odisha: Soil cave-in at tunnel 4 of Khurdha-Balangir rail line
BHUBANESWAR/BERHAMPUR : A soil cave-in at tunnel no 4 of the ongoing Khurda-Balangir rail project in Boudh district was reported on Monday after the area witnessed continuous rainfall for the last few days. No one was injured in the mishap. The incident happened in Adenigarh area of Harabhanga block in Boudh. The tunnel measures over 4 km in length and is one of the longest in the state. Sources said a minor part of soil overburden caved in at the site, causing a pit. The area around the tunnel has since been cordoned off to prevent further mishaps. The ECoR authorities termed it a minor soil cave-in and clarified it occurred due to loose soil following rain and there has been no impact on manpower or machinery due to the incident. They stated that this will in no way affect the overall progress of the project. 'All necessary safety measures are in place, and the project work continues as planned,' an official spokesperson of ECoR said. Meanwhile, president of Odisha Pradesh Congress Committee (OPCC) Bhakta Charan Das blamed on lack was monitoring and said standard operating procedure (SOP) was not followed. Das said the responsibility should be taken by the railway minister in the case. He said that the Congress will send a fact finding team to the place tomorrow.
Barnama
23-05-2025
- Barnama
MACC Record Statements From 24 Individuals In Connection With Hazardous Cargo Imported Through KLIA
KUALA LUMPUR, May 23 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) has recorded statements from 24 individuals to assist in investigations regarding the issue of importing hazardous goods via cargo at the Kuala Lumpur International Airport (KLIA), which is suspected to involve elements of corruption. According to sources, the individuals summoned include employees from three companies, as well as officers and staff from three enforcement agencies at KLIA. 'The investigation was conducted following activities involving the importation of hazardous chemicals that did not adhere to standard operating procedures (SOP), thereby exposing KLIA to security threats. 'Based on preliminary investigations, the chemicals were declared as accessory products or household items to mislead the authorities,' the source said. Meanwhile, MACC Intelligence Division Senior Director Datuk Idris Zaharudin said that the commission is currently identifying governance weaknesses that allowed these hazardous goods to be easily imported. He added that an investigation paper has been opened by the Governance Investigation Division (BPT) to examine governance, administration, management and enforcement weaknesses that facilitated the easy importation of these dangerous items. BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial , @bernamatv , @bernamaradio Twitter : @ , @BernamaTV , @bernamaradio Instagram : @bernamaofficial , @bernamatvofficial , @bernamaradioofficial TikTok : @bernamaofficial
New Straits Times
23-05-2025
- New Straits Times
MACC records statements from 24 over KLIA hazardous cargo case
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has recorded statements from 24 individuals in connection with the smuggling of hazardous goods through cargo operations at Kuala Lumpur International Airport (KLIA), believed to involve elements of corruption. A source said those called in for questioning include employees from three companies, as well as officers and staff from three enforcement agencies operating at KLIA. "The investigation was launched due to the importation of hazardous goods that did not follow standard operating procedures (SOP), exposing the KLIA area to potential security threats. "Initial investigations revealed that these hazardous goods, which consist of chemicals, were declared as household or accessory products," the source said. Meanwhile, MACC's intelligence division senior director Datuk Idris Zaharudin, when contacted, said the commission is currently identifying governance weaknesses that allowed such goods to be brought in with ease. He said the commission's governance investigation division has also opened an investigation paper to examine aspects of administrative, management, and enforcement weaknesses.
Globe and Mail
06-05-2025
- Business
- Globe and Mail
TransDigm Q2 Earnings Surpass Estimates, Sales Increase Y/Y
TransDigm Group Incorporated TDG reported second-quarter fiscal 2025 adjusted earnings of $9.11 per share, which beat the Zacks Consensus Estimate of $8.85 by 2.9%. The bottom line also improved 14% from the prior-year quarter's figure of $7.99 per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) The company reported GAAP earnings of $8.24 per share compared with $6.97 in the year-ago quarter. The year-over-year growth in the bottom line can be attributed to the increase in net sales and the application of TDG's value-driven operating strategy, lower one-time refinancing costs and decreased non-cash stock and deferred compensation expense. TransDigm's Q2 Sales Discussion Sales amounted to $2.15 billion, up 12% from $1.92 billion registered in the prior-year period. The reported figure, however, missed the Zacks Consensus Estimate of $2.17 billion by 0.7%. Organic sales, as a percentage of net sales, grew 6.9%. TDG's Operating Results The gross profit was $1.27 billion, up 10.6% from the year-ago quarter's level of $1.15 billion. TDG's interest expense increased 16% year over year to $378 million. Net income increased 18.9% year over year to $479 million. TransDigm's Financial Position Cash and cash equivalents as of March 29, 2025, amounted to $2.43 billion, down from $6.26 billion recorded as of Sept. 30, 2024. Long-term debt totaled $24.31 billion, up from $24.30 billion as of Sept. 30, 2024. Cash from operating activities amounted to $900 million compared with $865 million at the end of the second quarter of fiscal 2024. TDG's 2025 Guidance TransDigm reaffirmed its guidance for fiscal 2025. It still expects sales to be in the range of $8.75-$8.95 billion. The Zacks Consensus Estimate for the same is pegged at $8.86 billion, just above the midpoint of the company's guided range. TDG still expects fiscal 2025 adjusted earnings to be in the band of $35.51-$37.43 per share. The Zacks Consensus Estimate for fiscal 2025 earnings is pegged at $37.09 per share, higher than the midpoint of the company's guided range. TDG's Zacks Rank TransDigm currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Defense Releases Lockheed Martin Corporation LMT reported first-quarter 2025 earnings of $7.28 per share, which beat the Zacks Consensus Estimate of $6.34 by 14.8%. The bottom line increased 15% from the year-ago quarter's reported figure of $6.33 per share. The company's net sales were $17.96 billion, which beat the consensus estimate of $17.76 billion by 1.1%. The top line also increased 4.5% from $17.20 billion reported in the year-ago quarter. Northrop Grumman Corporation NOC reported first-quarter 2025 adjusted earnings of $6.06 per share, which missed the Zacks Consensus Estimate of $6.21 by 2.4%. NOC's total sales of $9.47 billion in the first quarter missed the consensus estimate of $9.91 billion by 4.4%. The top line also declined 6.6% from $10.13 billion reported in the year-ago quarter. RTX Corporation 's RTX first-quarter 2025 adjusted earnings per share of $1.47 beat the Zacks Consensus Estimate of $1.35 by 8.9%. The bottom line also improved 9.7% from the year-ago quarter's level of $1.34 per share, driven by growth in adjusted segment operating profit. Its first-quarter sales totaled $20.31 billion, which surpassed the consensus estimate of $19.71 billion by 3%. The top line also surged a solid 5.2% from $19.31 billion recorded for the first quarter of 2024. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Transdigm Group Incorporated (TDG): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report
