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25-yr-old DSP Flexi Cap Fund delivers 19.1pc CAGR since inception

TBB BUREAU BHUBANESWAR, MAY 2, 2022 DSP Investment Managers announced the 25-year completion of the DSP Flexi Cap Fund. Launched on 29th April 1997, DSP Flexi Cap Fund has a proven portfolio that has been through many market cycles and has delivered returns of 19.1 per cent CAGR (Compounded Annual Growth Rate) since inception. Rs 1 lakh invested at inception ...

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Sakthi Sugars to sell Odisha sugar plant

TBB BUREAU BHUBANESWAR, MAY 2, 2022 In a bid to reduce the company’s debt burden, Coimbatore-based Sakthi Sugars Ltd on Monday decided to sell its sugar and distillery units in Odisha and the soya factory in Tamil Nadu. The company’s board approved the sale of these two plants at its meeting. Sakthi Sugars acquired the Odisha sugar unit several decades ...

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Coal miners’ 24×7 efforts ensure comfort in people’s life: MCL CMD

TBB BUREAU SAMBALPUR, MAY 2, 2022 Coal Miners are playing an important role in strengthening the economy and development of the country, said Mahanadi Coalfields Limited (MCL) Chairman-cum-Managing Director OP Singh on the occasion of May Day that the company celebrates as Miners Day. Addressing a colourful programme at Belpahar in Jharsuguda last evening, Singh said coal miners are the ...

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NTPC invites EOI to produce torrefied biomass pellets from Startups

TBB BUREAU BHUBANESWAR, MAY 2, 2022 India’s largest integrated power producer NTPC Ltd has invited Expression of Interest (EOI) to produce torrefied biomass pellets from Indian startups. Through its R&D wing, NETRA, NTPC intends to provide a platform to Indian startups to enable them to develop advanced technology for producing torrefied biomass pellets that are well-suited for decentralized small-scale users. ...

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Union Steel Minister urges stainless steel firms to augment capacity

TBB BUREAU JAJPUR, APRIL 29, 2022 The domestic demand for stainless steel will grow more in the near future and the Indian manufacturers should augment their capabilities to supply the best-quality products, Union Steel Minister Ram Chandra Prasad Singh said on Friday. Singh made the comment during a visit to the plant of the Jindal Stainless Limited (JSL) in Jajpur ...

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UltraTech Q4FY22 rises 47pc to Rs 2613.75 crore

TBB BUREAU NEW DELHI, APRIL 29, 2022 Led by improved demand situation and effective capacity utilisation, Aditya Birla Group company UltraTech Cement has recorded 47.32 per cent rise in its consolidated net profit at Rs 2,613.75 crore for the fourth quarter ended March 2022 (Q4FY22) as against Rs 1,774.13 crore registered in the year-ago period, the company said in a ...

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Higher production cost to squeeze steelmaker margin by 500 bps

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 Soaring prices of raw materials, especially coking coal, are likely to increase the cost of production of domestic primary steel makers and reduce their operating by 500 basis points (bps) to 24-26% this fiscal, said a CRISIL Report. The potential for price hikes may be limited because of the low discount between domestic prices ...

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NABARD Odisha achieves new milestones in FY 2021-22

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 National Bank for Agriculture and Rural Development (NABARD) has disbursed Rs 31,786 crore in Odisha during the financial year ended 31 March 2022, recording an increase of 40% over the preceding year 2020-21. The financial support comprised Rs 14,077 crore to banks for lending towards crop loans as well as term loans in the ...

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