In recent years, JSW Infrastructure Ltd has succeeded in raising the share of third-party cargo to 48% in H1 FY24 from 25% in FY21. It helped improve capacity utilization to 63% in H1 FY25 from 35% in FY21. The management has said that reaching 60% utilization helps achieve its target return on capital employed (ROCE) of 18%.
The company is investing ₹30,000 crore to expand cargo handling capacity to 400 million tonnes per annum (mtpa) by FY30 from 170 mtpa. Its net cash positive status as of September and improving cashflow should help meet funding needs. Promoter holding needs to come down to 75% over the next two years from 85.6%.
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Services exports save the day for current account in Sep quarter
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UltraTech to acquire minority stake in Star Cement
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Escorts Kubota Ltd continues to grapple with the challenges of weak export volumes and subdued construction equipment demand.
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Experts attribute this growth to govt policies, trade deals, and adoption of new technologies
A Visionary
Former prime minister Manmohan Singh's tenure (2004-2014) witnessed significant reforms that profoundly impacted India's economy, governance, and social infrastructure. His reforms focused on pressing issues such as poverty alleviation, education, healthcare, and corruption. Mint takes a look at the key reforms that reflect Singh's enduring legacy.
Steering Indian Economy: One Journey Ends, Another Continues
The journey that started in 1991, though interrupted a few times, continues today
