Jindal Steel & Power (JSPL) has ended the fiscal year on a strong note with sales hitting a new record of 786,000 tonnes in Mar 21 (up 61% y-o-y).
Combination of robust domestic demand, attractive export markets (accounting for 38% of sales) and wide range of products have all contributed to JSPL reporting the steepest rise in monthly sales in FY21.
With Mar 21 production also rising by 21% y-o-y to 730,000 tonnes, 4QFY21 production has comfortably crossed the 2 million tonnes mark for the first time ever (2.07 mt).
The company s operations have displayed resilience in the face of the pandemic, posting the highest ever production and sales in FY21 of 7.51mt (+19% y-o-y) and 7.28mt (+20% y-o-y) respectively. Exports accounted for 35% of sales in FY21 compared to 13% in the prior year.
Tata Steel announced that the company is reorganizing its India footprint into 4 clusters to drive scale, synergies and simplification and to create value for all stakeholders.
As part of the said initiative, the company on 03 April 2021 transferred the (i) 100% stake it held in Tata Steel Special Economic Zone (TSSEZ), (ii) 100% stake it held in The Tata Pigments (TPL), (iii) 32.67% stake it held in Jamipol (JAMIPOL), and (iv) 20.99% stake it held in Nicco Jubilee Park (NJPL) to Tata Steel Utilities and Infrastructure Services (TSUISL) (formerly known as Jamshedpur Utilities & Services Company), a wholly owned subsidiary of the company.
TSUISL has been identified as the anchor entity for the Utilities and Infrastructure Services cluster.
The private lender on Monday announced that its total deposits increased by 13% to Rs 172,655 crore as of 31 March 2021 compared to Rs 152,290 crore reported on 31 March 2020.At the end of the March 2021, the private lender s customer deposits were at Rs 163,620 crore (up 12% YoY), interbank deposits were at Rs 3,050 crore (up 39% YoY) and certificates of deposit stood at Rs 5,985 crore (up 35% YoY).
CASA rose 26% to Rs 58381 crore as of 31 March 2021 from Rs 46450 crore registered in 31 March 2020. CASA ratio improved to 33.81% at the end of 31 March 2021 from 30.5% recorded on 31 March 2020.
Federal Bank s gross advanced grew by 9% to Rs 134,876 crore as of 31 March 2021 from Rs 124,153 crore posted on 31 March 2020. The bank s liquidity coverage ratio was at 206.91% as on 31 March 2021, improving from 196.65% posted on 31 March 2020.
Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, secured a road project worth Rs 2,020.93 crore.The order entails six laning of National Corridor NH-19 from Panagarh to Palsit in West Bengal under Bharatmala Pariyojana to be executed on BOT-(Toll) basis. The concession period is 20 years including contruction period of 2.5 years.
With this project award, Adani Group will have total nine NHAI road projects under HAM, toll-operate-transfer (TOT) and build-operate-transfer (BOT)-Toll basis in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat and West Bengal.
Meanwhile, Adani Enterprises along with its wholly owned subsidiary company, Gare Palma II Collieries (GPIICPL) has signed coal mining agreement (CMA) with Maharashtra State Power Generation Company (MAHAGENCO) for development and operation of Gare Palma Sector II Coal Mine.
The police said they have taken the vehicle in their custody. We have taken the ambulance in our custody, Rupnagar Deputy Superintendent of Police T S Gill said over the phone. The police said they got information that the ambulance bearing a registration number of Uttar Pradesh was lying abandoned on the roadside. Ansari, the Bahujan Samaj Party (BSP) MLA from Mau who is wanted in Uttar Pradesh for various cases, was ferried in the ambulance from the Rupnagar jail to a Mohali court in connection with a 2019 case of extortion. Amid tight security arrangements, Ansari was taken to the court on a wheelchair. He was sent back to the Rupnagar jail, where he is lodged since January 2019, in the ambulance after the court appearance.