The MoU with Hindalco Industries signifies a strategic partnership to ensure a steady supply of marine-grade aluminium for these construction projects
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The strike has magnified RINL's struggles, leaving vital coking coal and limestone, valued at Rs 650 crore, stranded at the port. These materials are indispensable for steel production, and their absence exacerbates an already precarious situation for the steelmaker
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At the same time, EBITDA for FY24 stood at Rs 207.18 crore as compared to Rs 83.75 crore in FY23 representing a growth of 147.40 per cent YoY
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These developments underscore India's efforts to counterbalance China's expanding influence in South Asia
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The net profit for the fourth quarter of FY 23-24 stood at Rs 4,224.18 crore as compared to the profit of Rs 6,477.74 crore in the corresponding quarter of FY 22-23
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The subsidiary was officially incorporated on 7 May 2024, after receiving the no objection letter from the Reserve Bank of India on 8 February 2024, to set up the finance company in IFSC GIFT City
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Torrefied biomass, produced by heating biomass in the absence of oxygen, exhibits characteristics akin to coal, making it suitable for higher co-firing percentages without significant system modifications
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This decision comes following the December quarter results, wherein senior officials had initially projected a capex of Rs 92,000 crore for FY25
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