As many as 448 central sector infrastructure projects have reported a cost overrun of over Rs 4.02 lakh crore as of February 21, 2021. The monthly Flash Report by the Ministry of Statistics and Programme Implementation said that 539 projects are running behind schedule. Total original cost of implementation of the 1,739 projects was Rs 22,18,210.29 crore and their anticipated completion cost is likely to be Rs 26,20,618.44 crore, which reflects overall cost overruns of Rs 4,02,408.15 crore (18.14 per cent of original cost), it said. The expenditure incurred on these projects till January 2021 is over Rs 12.29 lakh crore, which is 46.92 per cent of the anticipated cost of the projects.
The FMCG major s net profit rose 2.3% to Rs 483.31 crore on 9.16% increase in net sales to Rs 3,417.52 crore in Q4 December 2020 over Q4 December 2019.
Profit before tax in the fourth quarter stood at Rs 670.17 crore, up by 9.1% from Rs 614.10 crore in the same period last year. Current tax expense during the quarter increased by 34.2% year-on-year (YoY) to Rs 193.84 crore.
Total sales and domestic sales for the quarter increased by 9.2% and 10.1% respectively. Domestic sales growth is broad based largely driven by volume & mix. Demand in out of home channel further improved in the quarter but continues to be impacted by COVID. Export sales were lower by 7.7% due to lower coffee exports.
Read more about FinMin to infuse Rs 3,000 cr in state-owned general insurers this quarter on Business Standard. Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance
Omnitex Industries (India) reports standalone net loss of Rs 0 03 crore in the December 2020 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Reported sales nilNet Loss of Mount Housing & Infrastructure reported to Rs 0.30 crore in the quarter ended December 2020 as against net loss of Rs 0.57 crore during the previous quarter ended December 2019. There were no Sales reported in the quarter ended December 2020 and during the previous quarter ended December 2019.
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