Hindustan Zinc, Kirloskar Ferrous Industries and Cyient to see some action today

Hindustan Zinc has been declared the ‘Preferred Bidder’ for the Dugocha Gold Block, as confirmed by the Department of Mines & Geology, Rajasthan vide notification dated November 15, 2024. For the same, the company has secured a composite license through the state government auctions held on November 13, 2024. This strategic win marks a significant milestone in the company’s growth journey, solidifying its position as a leading player in the precious metals sector.

Kirloskar Ferrous Industries (KFIL) has completed installation of the Oxygen plant (3,000 Nm3 /hr VPSA) and commenced operations on November 15, 2024 at Bevinahalli Village, District Koppal, Karnataka. With the commissioning of the plant, the oxygen produced will be utilised to enrich the hot blast in the mini blast furnaces. This initiative is expected to increase the consumption of pulverized coal injection beyond current levels, thereby reducing the consumption of coke and lowering overall manufacturing cost.

Cyient has expanded its partnership with Allegro MicroSystems, Inc. (Allegro MicroSystems), a global leader in power and sensing solutions for motion control and energy efficiency, with the inauguration of a Center of Excellence (CoE) in Hyderabad, India. The CoE, located at Cyient's Manikonda Campus, will focus on developing next generation magnetic sensors and power semiconductor products for the automotive industry. 

Blue Jet Healthcare has received the consent to start the Manufacturing of its key products / good at its Mahad unit in Maharashtra. The company has received the consent to operate from Maharashtra Pollution Control Board. The Consent to operate granted for approval/license is for a period upto April 30, 2029.

Mercury Trade Links has entered into a strategic supply contract with Rajgor Proteins (RPL) and Rajgor Agro (RAL), two well-established Gujarat-based companies recognized for their strength in agricultural manufacturing and nationwide trading. This major contract, valued at around Rs 51 crore, involves the supply of multiple agricultural commodities within the next three months. 

Reliance Infrastructure has reported results for second quarter ended September 30, 2024 (Q2FY25). The company has reported net profit of Rs 2,084.82 crore for the quarter ended September 30, 2024 as compared to net loss of Rs 150.29 crore for the same quarter in the previous year. However, total income of the company decreased by 76.60% at Rs 88.72 crore for Q2FY25 as compared to Rs 379.10 crore for the corresponding quarter previous year. On consolidated basis, the company has reported net profit of Rs 4,082.53 crore for Q2FY25 as compared to net loss of Rs 294.06 crore for the same quarter in the previous year. However, total income of the company decreased by 0.37% at Rs 7,345.96 crore for Q2FY25 as compared to Rs 7,373.49 crore for the corresponding quarter previous year.

Easy Trip Planners has reported results for second quarter ended September 30, 2024 (Q2FY25). The company has reported 45.98% fall in its net profit at Rs 27.80 crore for the quarter ended September 30, 2024 as compared to Rs 51.46 crore for the same quarter in the previous year. Total income of the company decreased by 11.58% at Rs 109.18 crore for Q2FY25 as compared to Rs 123.48 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 42.93% fall in net profit at Rs 26.80 crore for Q2FY25 as compared to Rs 46.96 crore for the same quarter in the previous year. However, total income of the company increased by 3.72% at Rs 149.95 crore for Q2FY25 as compared to Rs 144.57 crore for the corresponding quarter previous year.