Fri, Jul 5, 2024 3:21 PM
Tata Motors' Punch Is India's Best Selling Car Again
A Flip by Shubhangi Gupta
MOFSL forecasts a strong performance for companies in its coverage universe in Q1FY25, driven by resilient demand and strategic initiatives. Revenue is expected to grow 7.8% y-o-y, while EBITDA is anticipated to increase by 9.2%. Top picks include 📌Hindustan Unilever, 📌Godrej Consumer, and 📌Dabur, with expected revenue growth outpacing volume growth due to strategic pricing.
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Tata Realty has secured a ₹825 crore loan from the International Finance Corporation (IFC) to refinance its Ramanujan Intellion Park in Chennai, a 4.67 million sq ft green commercial space. The loan will support Tata Realty's sustainability efforts, aiming for net-zero carbon buildings. The company plans to launch 9 million sq ft of residential inventory in the next four years.
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SAIL plans to invest ₹6,500 crore in capital expenditure this year, part of its ₹1 lakh crore investment plan over the next few years. The investment will be used for capacity expansion, debottlenecking, and maintenance, with a debt-equity ratio of 1:1. The company aims to increase its capacity from 20 million tonnes to 35 million tonnes per annum by 2031 and 50 million tonnes in the next phase.
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