The small-cap share has gained 232 per cent since the beginning of this year. Praj Industries share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200-day moving averages. Market cap of the firm rose to Rs 7,041.49 crore
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The Enforcement Directorate (ED) has taken possession of a property worth ₹3 crore of Classic Coal Construction Private Limited in Ranchi in connection with a bitumen scam case in Jharkhand.
In the same case, it had attached property worth ₹2.91 crore and the attachment orders were confirmed by the Adjudicating Authority under the Prevention of Money Laundering Act.
The ED probe is based on four FIRs and charge sheets filed by the CBI against Classic Coal Constructions, its former managing director Pawan Kumar Singh (since dead), director Dilip Kumar Singh, 22 engineers of the Road Construction Department of the Jharkhand government and two others. They were accused of cheating and criminal misconduct.
Shares of Praj Industries hit a new high of Rs 276.80, as they rallied 11 per cent on the BSE in intra-day trade on Friday after the company s consolidated net profit more than doubled to Rs 52 crore for the quarter ended March 2021 (Q4FY21), on the back of higher operating income. The company had reported a profit of Rs 24.86 crore in the year-ago quarter.
Praj Industries is a globally leading engineering company with a bouquet of sustainable solutions for bioenergy, compressed biogas, critical process equipment and skids, breweries, industrial wastewater treatment and high purity water. The company’s income from operations during the quarter under review jumped by 91 per cent year-on-year (YoY) to Rs 567 crore from Rs 296 crore in the corresponding quarter of the previous fiscal. Earnings before interest, taxes, depreciation and amortisation (EBITDA) margins improved by 233 basis points (bps) to 13.21 per cent from 10.88 per cent in Q4FY20.
Badrinath Dham ANI | Updated: May 06, 2021 16:56 IST
Dehradun (Uttarakhand) [India], May 6 (ANI): To redevelop Badrinath Dham in Uttarakhand as a Spiritual Smart Hill Town , a Memoranda of Understanding (MOU) was signed on Thursday by the Oil and Gas PSUs and Shri Badrinath Utthan Charitable Trust.
The Oil and Gas PSUs include Indian Oil, Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Oil and Natural Gas Corporation (ONGC), and GAIL.
According to the MOU, the Oil and Gas PSUs will be contributing Rs 99.60 crore in the first phase of the developmental activities, including river embankment work, building all-terrain vehicular path, building bridges, beautifying existing bridges, establishing gurukul facilities with accommodation, creating toilet and drinking water facilities, installing streetlights and mural paintings.