Jio Financial Services' quarterly revenue fell 32% from Rs 608.04 crore in September 2023 to Rs 413.61 crore in Q3FY24.
With a 33.1% stake, the government is the carrier's largest shareholder despite its financial difficulties.
As per the sources, the said loan was priced earlier and was a bilateral deal.
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.
The positive sentiment spread across other sectors as well.
On the other hand, the National Aluminium Company exited the ban.
The company estimates that the change will result in a weighted average increase across models of about 0.45%.
However, inflationary pressures reduced rural demand for fast-moving consumer products and consumer durables.
In the same quarter last year, the Pune-based institution reported a net profit of Rs 775 crore.
MP Madhya Kshetra Vidyut Vitran Co.'s order covers the delivery, installation, testing, etc.
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