Live Breaking News & Updates on Economy Of Tamil Nadu
Stay updated with breaking news from Economy of tamil nadu. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Container cargo traffic at Jawaharlal Nehru Port Trust (JNPT) recorded a 65.38 per cent growth in May at 4,54,385 TEUs (twenty-foot equivalent units) over 2,74,755 TEUs in the same month last year. Also, the rail operations at the port handled 86,452 TEUs of inland container depot (ICD) traffic, from 551 rakes during the previous month, clocking a rail-coefficient of 19.03 per cent, JNPT said in a statement. The port has witnessed a steady surge in cargo handling despite the various challenges faced during the past few months, it said, adding in May 2021, the port implemented a host of measures to make the business efficient, economical and opportune for the EXIM community. ....
Hatsun Agro Product rose 1.99% to Rs 726 after the company announced commercial production at its newly set up modern greenfield dairy processing plant in Solapur, Maharashtra.The plant is the 19th manufacturing location for Hatsun Agro Products (HAP) that has a network of plants in four states of Tamil Nadu, AP, Telangana and Karnataka. The fully automated dairy plant is set up in 72 acres land at a cost of Rs 130 crore in Solapur district in Maharashtra. The plant has specialized imported equipments from Germany to process 6 lakh litres milk per day (LLPD). The company will manufacture milk, curd, butter milk, chaas, lassi, yoghurt and shrikhand at the new plant. Hatsun Agro will market these products under brand names - Arokya and Hatsun . The total milk processing capacity of the company now stands at 52.50 LLPD across all the its manufacturing locations in 5 states. ....
For proposed investment of Rs 650 cr in development of date center in ChennaiTechno Electric & Engineering Company has signed a Memorandum of Understanding with Government of Tamil Nadu on 16 February 2021 for the proposed development of a 25 MW Data Center along with ITeS Facility in the city of Chennai. Techno proposes to invest Rs.650 crore in the proposed project in the next 3 years. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, ....
Hatsun Agro Products rose 4% to Rs 751.20 after standalone net profit surged 141.42% to Rs 67.31 crore on 4.05% rise in revenue from operations to Rs 1,394.59 crore in Q3 December 2020 over Q3 December 2019. Standalone profit before tax (PBT) soared 237.47% to Rs 100.87 crore in Q3 December 2020 as against Rs 29.89 crore in Q3 December 2019. Total tax expense for the quarter jumped 1,577.49% to Rs 33.55 crore as against Rs 2 crore in Q3 December 2019. The Q3 result was declared during trading hours today, 19 January 2021. Among its CAPEX projects, the company has erected a plant in Solapur (Maharashtra) with a capacity to handle milk & milk products of volume 4 lakh litres per day (LLPD). Currently, the trial production is under progress and the full-fledged commercial production is expected to commence by the end of January 2021. ....