News Overview

The company's sales for the quarter climbed by 12% (year on year) to ₹20,284 Lacs, while EBITDA jumped by 110% to ₹4,102 Lacs.

The company recorded an 11% year-on-year decrease in iron ore production in July, with output decreasing to 2.17 million tonnes.

The board of directors authorised Shveta Arya's appointment as an additional director and managing director designate of the company.

Suzlon Energy will acquire Renom Energy Services for ₹660 Crore, making it a subsidiary of the company.

The adjusted EBITDA margin was 5% in the reporting quarter, up from 3% in the same period last fiscal year.

Ola Electric's IPO went smoothly, despite low demand for the first two days due to unfavourable market sentiment.

Top losers in the Sensex are IndusInd Bank, Kotak Mahindra, Asian Paints, and Titan Company.

According to the company, the GDSs program and its partnership with Citibank will be terminated due to a lack of activity in recent years.

The company's revenue from operations climbed by 8.3% to ₹2,068.9 Crore, up from ₹1,910 Crore the previous fiscal year.

"In the current fiscal, we will save around ₹750 crore in interest costs, and after that we will have the benefit of ₹1,000 each year," Goel told ET.