In News
Chennai Petroleum Corporation: The company recorded a 99 percent sequential decline in standalone profit at Rs 27.88 crore for the quarter ended September FY23, impacted by windfall tax on exports. Revenue declined nearly 17 percent QoQ to Rs 22,894 crore for the quarter. The government on July 1 levied duties on export of petroleum products at the rates notified on fortnightly basis, which have been reduced in the refinery transfer pricing. This has resulted in lower revenue and profitability for the quarter, the company said in a BSE filing.
Power Finance Corporation: HDFC Mutual Fund through its several schemes sold a 2.07 percent stake in the company through open market transactions on October 21. With this, its shareholding in PFC reduced to 6.94 percent, down from 9.01 percent.
Route Mobile: The company said its board has approved providing corporate guarantee in favour of Standard Chartered Bank for a term loan facility proposed to be taken by subsidiary Route Mobile (UK) of up to $15 million. The corporate guarantee will be treated as a contingent liability for the company.
Trident: The company said it has completed a solar power project of 8.87 MWp at Budhni in Madhya Pradesh. With this, it has commissioned both phases—Phase 1 of 5.48 MWp and Phase II of 3.39 MWp solar power plants—for captive use. The company is moving towards a greener planet as the group aims to use renewable and clean energy for reducing carbon emissions, it said.
No comments:
Post a Comment