The company estimates that the change will result in a weighted average increase across models of about 0.45%.
On the other hand, the National Aluminium Company exited the ban.
MP Madhya Kshetra Vidyut Vitran Co.'s order covers the delivery, installation, testing, etc.
Although L&T did not reveal the precise amount of the contract, an order is considered "mega" if its worth is Rs 10,000–15,000 crore.
With a 33.1% stake, the government is the carrier's largest shareholder despite its financial difficulties.
However, inflationary pressures reduced rural demand for fast-moving consumer products and consumer durables.
Jio Financial Services' quarterly revenue fell 32% from Rs 608.04 crore in September 2023 to Rs 413.61 crore in Q3FY24.
As per the sources, the said loan was priced earlier and was a bilateral deal.
The positive sentiment spread across other sectors as well.
In the same quarter last year, the Pune-based institution reported a net profit of Rs 775 crore.

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