Author: Mitali Mohite

ITD Cementation loses Bandra-Versova Sea Link project

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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ITD Cementation lost to Reliance Infra on the Bandra-Versova Sea Link project. This is the second loss that ITD Cementation witnessed in quick succession after they lost the Mumbai Trans Harbour Link earlier.

The company bid for the project in joint venture with Hyundai, which is a globally reputed infrastructure company. “We firmly believe that the price we quoted was the right price”, said Patwardhan.

Patwardhan said that the company received orders in excess of Rs 2,400 crore in the first two months of the calendar year.

He further said that the balance sheet had improved substantially after 2017. “We did a QIP in January and mobilized about Rs 337 crore and we deployed the money to reduce our debt. Therefore, our debt equity ratio is in the range of 0.1 or 0.15”, he added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Vidaza generic doing well, market share is increasing, says Shilpa Medicare

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The US Food and Drug Administration (US FDA) has given an all clear to Shilpa Medicare‘s formulation manufacturing facility at Jadcherla in Telangana, said Vishnukant Bhutada, MD of the company.

“We have done 32 filings from this plant including our customer filing”, said Bhutada.

Talking about their Raichur unit, he said that the company had submitted response for Raichur unit observations to US FDA.

“Vidaza generic is doing well for the company and we are getting more market share from this molecule”, he added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Expect margin improvement of 100 bps in FY19: Century Plyboards

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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CLSA note says India’s furniture market is undergoing a major shift with a move towards readymade furniture and a rising preference for medium density fibre (MDF) over plywood in line with the global trends.

In an interview to CNBC-TV18, Keshav Bhajanka, ED of Century Plyboards spoke about the MDF market and latest happenings in the company.

We expect Rs 125-130 crore revenue from MDF in FY18, said Bhajanka.

He further said that MDF market in India is estimated to be at Rs 2,000-2,200 crore as of FY18.

Therefore, we expect to have more than 5 percent market share in MDF industry, he added.

According to him, the total MDF production in India is at 1 million cubic metre versus 40 million cubic metre in China.

Talking about business, he said we expect margin improvement of 100 bps in FY19.

For entire interview, watch accompanying video.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Targeting Rs 1000 cr topline by 2020 from consumer business, says Prabhat Dairy

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Prabhat Dairy is looking at Rs 1,000 crore topline from consumer business and Rs 2,000 crore from total business by 2020, said Vivek Nirmal, Joint MD of the company.

Nirmal said that the milk prices have corrected 15 percent in last one year.

When asked about private equity investors, he said “I am not aware of any private equity investors looking to exit company.”

The promoters of the company are claimed to be holding more than 50.1 percent stake and reportedly have no plans to sell stake in the company.

“We expect Rs 250 crore topline from cheese business over next one year”, Nirmal mentioned.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Exports cannot improve if states don’t participate: Suresh Prabhu

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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A three day Global Investor Summit, Magnetic Maharashtra Convergence 2018 was held on Feb 18th and 20th in Mumbai.

Lauding the Maharashtra government’s objective of focusing on export oriented industrialization, Commerce Minister Suresh Prabhu said, “I had called a meeting of trade ministers, chief ministers to discuss how states can drive exports of India. If the states don’t participate in it, it is not going to happen in a big way. I am happy that Maharashtra is the leading exporter of goods and services but I want to see the state playing an even bigger role.”

The minister said that apart from production, there are two other major factors required for better exports which are transport connectivity as well as digital connectivity.

The objective of the summit was to attract business investments, both global and domestic so as to transform the state’s economic landscape and in the process, achieve government’s vision of making it a trillion dollar economy.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow