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Coal miners spent Rs 3,000 cr on progressive mine closure in 3 years: Official

Economic Times

Economic Times · 8m ago

Coal miners spent Rs 3,000 cr on progressive mine closure in 3 years: Official

Over the past three years, coal mine operators in India have spent about Rs 3,000 crore on progressive mine closure, aided by the Coal Controller's efficient oversight. This includes measures to ensure accountability every five years, not just at the mine's end. Additionally, the government has auctioned numerous mineral blocks to bolster the mining sector, resulting in a historic milestone of producing over 1 billion tonnes of coal and reducing coal imports by 7.9%.

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BCCL targets Rs 40,000 Cr topline by FY30

YourStory

YourStory · 1y ago

BCCL targets Rs 40,000 Cr topline by FY30

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, aims to achieve a revenue of Rs 40,000 crore by FY30 through increased production and diversification. BCCL plans to expand its production capacity from 41 million tonnes per year to over 100 million tonnes, with a capital expenditure of Rs 3,000 crore by FY30. The company also plans to increase its production of washed coal, leading to import substitution and cost savings. BCCL is inviting bids for the development of coal washeries to attract steel sector participation. Additionally, BCCL is venturing into coal bed methane (CBM) and solar power.

2023 was so terrible, it compelled the world to spend a collective 3 million days creating fantasy characters in 'Baldur's Gate 3'

Business Insider

Business Insider · 2y ago

2023 was so terrible, it compelled the world to spend a collective 3 million days creating fantasy characters in 'Baldur's Gate 3'

People have collectively spent a total of 8,196 years creating fantasy characters in the video game "Baldur's Gate 3" since its launch in August. Developer Larian Studios revealed that 1.3 million players have completed the game, with gamers spending a staggering 8,196 years in the character creation menu alone. With 17,000 possible ending variations, players have dedicated a total of 51,662 years to the game. While official sales figures remain undisclosed, the game saw success during its early access period, with 2.5 million copies sold.

LIC, Tata Motors, Asian Paints & more: SMIFS picks 8 stocks with up to 170% upside potential

Business Today

Business Today · 1y ago

SMIFS recommends eight stocks with significant upside potential, including Life Insurance Corporation of India, Tata Motors, and Asian Paints. The firm provides target prices, highlighting potential growth: LIC (Rs 1,984), SAMIL (Rs 210), Tata Motors (Rs 1,031), Coal India (Rs 540), Asian Paints (Rs 3,000), PI Industries (Rs 3,750), Indian Oil Corporation (Rs 170), and Tube Investments of India (Rs 3,700). These stocks offer returns up to 172%.

CESC investing Rs 5,000 cr in clean energy projects

Economic Times

Economic Times · 6m ago

CESC investing Rs 5,000 cr in clean energy projects

CESC Green Power, a subsidiary of CESC Ltd under the RP-Sanjiv Goenka Group, is investing Rs 5,000 crore in clean energy projects. The company is setting up various projects, including a 3 GW solar cell/module plant, battery manufacturing, and a 60 MW renewable energy power plant across India. CESC Ltd will finance this initiative through equity infusion, strategic support, and institutional funding to ensure the project's successful completion and financial closure.

Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 years

Economic Times

Economic Times · 6m ago

Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 years

Vedanta Ltd has emerged as the highest bidder in the auction for debt-laden Jaiprakash Associates Ltd (JAIL), offering an upfront payment of Rs 4,000 crore subject to NCLT approval, with the balance staggered over 5-6 years. The bid's net present value (NPV) is Rs 12,505 crore. Vedanta's acquisition aligns with its business in power and mining sectors, anticipating synergies from JAIL's assets, including limestone and coal mines.

FMCG startup Mitra raises Rs 14 crore in round led by Bestvantage Investments - The Economic Times

Economic Times

Economic Times · 7m ago

FMCG startup Mitra raises Rs 14 crore in round led by Bestvantage Investments - The Economic Times

FMCG startup Mitra raised Rs 14 crore in a bridge round led by Bestvantage Investments. The funds will expand operations, product range, and market reach, including entering GCC markets. Mitra plans a new 3,000-tonne flour plant and new products. The company aims to become a top five FMCG firm in India within 2–3 years, targeting a Series A round in 2026 with a Rs 500 crore valuation. Revenue is expected to reach over Rs 120 crore this year.

Warburg Pincus-backed Truhome Finance files DRHP for Rs 3,000 Cr IPO

Entrackr

Entrackr · 9d ago

Warburg Pincus-backed Truhome Finance files DRHP for Rs 3,000 Cr IPO

Warburg Pincus-backed Truhome Finance files DRHP for Rs 3,000 Cr IPO Affordable housing finance company Truhome Finance has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India to raise Rs 3,000 crore through an initial public offering. The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an offer for sale (OFS) of shares worth Rs 1,500 crore by promoter selling shareholder Mango Crest Investment Limited. The proceeds from the fresh issue will be used to ramp up the company’s capital base, support future lending requirements, and meet regulatory capital adequacy norms. Formerly known as Shriram Housing Finance Limited, the company was acquired in December 2024 by global private equity firm Warburg Pincus. Founded in 2010, Truhome Finance focuses on affordable housing loans and other secured lending products including loans against property. As of December 31, 2025, the company claimed assets under management (AUM) of Rs 21,124 crore. Housing loans account for about 57.37% of its portfolio, followed by loans against property at 39.22%. The company operates through a distribution network of 216 branches across 19 states and union territories. Its sourcing network includes more than 3,000 in-house sales personnel, 6,600 connectors, and 821 direct selling agents. For the nine months ended December 2025, Truhome Finance reported a profit after tax of Rs 333.53 crore. Its gross stage-3 assets stood at 1.60% while net stage-3 assets were at 1.09% during the same period. The company recently appointed former State Bank of India chairman Dinesh Kumar Khara as its chairperson. The company is led by managing director and CEO Ravi Subramanian. JM Financial, IIFL Capital Services, Jefferies India, and Kotak Mahindra Capital are the book-running lead managers for the issue.

Decathlon India posts Rs 4,008 Cr revenue and Rs 197 Cr PAT in FY24

Entrackr

Entrackr · 12m ago

Decathlon India posts Rs 4,008 Cr revenue and Rs 197 Cr PAT in FY24

Decathlon India posts Rs 4,008 Cr revenue and Rs 197 Cr PAT in FY24 Decathlon has made a turnaround in FY24, reporting a profit of Rs 197 crore, a sharp recovery from a Rs 18 crore loss in FY23. However, its revenue growth remained flat, registering a 2.2% year-on-year increase for the fiscal year ending March 2024. Decathlon India’s revenue from operations grew to Rs 4,008 crore in FY24 from Rs 3,920 crore in FY23, its annual standalone financial statements sourced from the Registrar of Companies (RoC) show. Decathlon India operates on a direct-to-consumer model, managing the design, manufacturing, and sale of its sports gear through large retail stores and an e-commerce platform. The company currently operates 90 stores across India. The sale of sports products was the sole source of revenue for Decathlon India. It also added Rs 58 crore from interest on investments and other non-operating income which tallied its overall to Rs 4,066 crore in FY24. The cost of procurement was the latest cost center forming 64.4% of the overall expenditure. This cost was reduced by 4.3% to Rs 2,448 crore in FY24, compared to Rs 2,559 crore in FY23. Decathlon India spent Rs 327 crore on employee benefits. Its controlled spending on power, rent, repairs, fuel, advertising, information technology, freight, franchisee fees, and legal/professional expenses led to an overall cost reduction of 4.5% to Rs 3,797 crore in FY24 from Rs 3,975 crore in FY23. Despite modest revenue growth, Decathlon India’s cost-control measures enabled it to post a net profit of Rs 197 crore in FY24, a sharp recovery from a Rs 18.6 crore loss in FY23. On a unit level, the company spent Re 0.95 to earn a rupee, with improved ROCE at 17.79% and EBITDA at 14.49%. By the end of the last fiscal year (FY24), its total current assets stood at Rs 1,247 crore, including Rs 325 crore in cash and bank balances. Last year, Decathlon India CEO Sankar Chatterjee mentioned that the company plans to double its revenue to Rs 8,000 crore within the next 3 to 5 years.

BL Agro aims to become USD 2.25-bn group by 2030, to invest Rs 3,000 cr in 5 years

Economic Times

Economic Times · 5m ago

BL Agro aims to become USD 2.25-bn group by 2030, to invest Rs 3,000 cr in 5 years

BL Agro, based in Uttar Pradesh, plans to invest Rs 3,000 crore over five years to expand its business and achieve a revenue target of Rs 20,000 crore by 2030. The company, primarily known for its edible oils and processed food items, aims to create a diversified ecosystem with various product segments. It plans to involve partners and internal funding, focusing on both domestic and export markets, while enhancing its brand visibility and presence.

Central govt plans to borrow Rs 6.77 lkh cr in H2 FY26 via dated securities, including ₹10,000 cr in Green Bonds

Economic Times

Economic Times · 5m ago

Central govt plans to borrow Rs 6.77 lkh cr in H2 FY26 via dated securities, including ₹10,000 cr in Green Bonds

The Government of India intends to borrow Rs 6.77 lakh crore in the second half of fiscal year 2025-26 through dated securities, including Rs 10,000 crore via Sovereign Green Bonds. The borrowing will occur through 22 weekly auctions, distributed over various maturities from 3 to 50 years. The Reserve Bank of India has set a Ways and Means Advances limit of Rs 50,000 crore for temporary mismatches in government payments and receipts.

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