Fri, Feb 9, 2024 3:34 PM
Sri Lakshmi Tex Standalone December 2023 Net Sales at Rs 30.65 crore
A Flip by Shubhangi Gupta
The Indian cement industry must significantly improve its profitability, with EBITDA needing to exceed Rs 1,000 per ton to justify the bare minimum return on capital employed (ROCE) for future investments, according to a report by IKIGAI Asset Manager. Achieving this profitability threshold would require substantial pricing support, underscoring the sector.
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The government is considering an amendment in the Income Tax Act as part of Budget 2025 to simplify the taxation regime for foreign semiconductor firms, aiming to attract global companies and boost semiconductor manufacturing in India. The proposal is set to introduce a presumptive taxation scheme under Section 44, a move that could make India a more appealing destination for foreign firms.
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NBCC (India) Ltd on Friday, December 27, said it bagged multiple orders, collectively worth ₹368.75 crore. Of these, a ₹300 crore order is from the Varanasi Development Authority for the development of Jawaharlal Nehru Commercial Complex (JLNCC) Englishya Lines in Varanasi on a self-sustainable model. The next order, worth ₹44 crore, from the Power Grid Corporation of India.
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