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Business News > Mint Authors > Shakti Patra

Shakti Patra

ARTICLES BY SHAKTI PATRA

Companies including JSW Steel saw record jumps in their exports during the first six months of 2017. Photo: Bloomberg

India’s steel exports rise in 2017 as China’s plunge

2 min read . 29 Dec 2017

MoS (civil aviation) Jayant Sinha’s statement on a comprehensive drone policy comes a month after the DGCA came out with draft guidelines for unmanned aircraft system (UAS) in November. Photo: Pradeep Gaur/Mint

Solar power industry welcomes govt move to set drone regulations

2 min read . 27 Dec 2017

Gautam Adani, chairman of the Adani Group.The acquisition of RInfra’s Mumbai power assets will see Adani Group taking over the distribution of over 1,800 MW of power to roughly 30 lakh customers in Mumbai and 500MW of thermal power generation capacity. Photo: Reuters

Reliance Infrastructure sells Mumbai power business to Adani Transmission for Rs18,800 crore

2 min read . 22 Dec 2017

The expansion of Tata Steel’s Kalinganagar plant will be completed in four years and is expected to meet demand in automotive, general engineering and other value-added segments. Photo: Reuters

Tata Steel board approves rights issue to raise Rs12,800 crore

2 min read . 20 Dec 2017

EESL, however, has defended its decision, saying reverse auction was carried out strictly as per the provision of the smart meter tender.

EESL’s reverse auction for 5 million smart meters under a cloud

2 min read . 18 Dec 2017

Hindustan Dorr-Oliver owes banks over Rs1,400 crore, as of March 2017.

Eight Capital, Centrum eye stake in Hindustan Dorr-Oliver

1 min read . 12 Dec 2017

According to Sebi, Tata Steel made the disclosure of its shareholding in Tinplate in the first instance after almost four years. Photo: Reuters

Sebi fines Tata Steel Rs10 lakh for violating insider trading norms

1 min read . 08 Dec 2017

The contract might have come as a relief to L&T which has faced a scarcity of new orders in the power segment during the current fiscal year.

L&T wins $250 million EPC contract for 400MW power plant in Bangladesh

2 min read . 30 Nov 2017

Lenders to Patel Engineering are lending Lodha Rs325 crore to fund this land acquisition. Photo: Ramesh Pathania/Mint

Lodha Developers buy land in Mumbai’s Jogeshwari suburb from Patel Engineering

2 min read . 22 Nov 2017

Grasim’s subsidiary UltraTech Cement reported a 28.3% drop in profit to Rs431.2 crore in the September quarter as it was hurt by higher interest outgo and fuel and freight expenses. Photo: Bloomberg

Grasim Industries Q2 profit drops 38%, but standalone business shines

2 min read . 15 Nov 2017

Patel Engineering’s prompt debt resolution might not always be replicable in the burgeoning distress in the infrastructure sector. Photo: Indranil Bhoumik/Mint

Banks invoke S4A to recast Patel Engineering’s Rs2,963.5 crore debt

2 min read . 14 Nov 2017

Earnings reported by L&T on Saturday said that the company’s net revenue from the developmental projects segment jumped 27% year-on-year during the September quarter to Rs1,220 crore. Photo: Mint

HAM is not a sustainable model: L&T

2 min read . 12 Nov 2017

L&T’s revenue, on the other hand, grew by 5.7% to Rs26,446.8 crore, aided by a 49.9% jump in the heavy engineering segment to Rs1,211.1 crore. Photo: Priyanka Parashar/Mint

L&T Q2 net profit jumps 27% to Rs1,820 crore

1 min read . 11 Nov 2017

IRB Infrastructure said interest outgo during the September quarter fell to 30.6% year-on-year to Rs235.6 crore, while depreciation and amortization were lower by 44.6% to Rs126 crore. Photo: Mint

IRB Infrastructure posts 65% jump in Q2 profit at Rs234.7 crore

1 min read . 08 Nov 2017

Hindalco incurred a one-time expense of Rs106 crore. Photo: Bloomberg

Hindalco sees 10% drop in net profit on exceptional expense

2 min read . 03 Nov 2017

JSW Steel’s consolidated net profit stood at Rs647 crore in the corresponding period last year. Photo: Reuters

JSW Steel Q2 profit rises 29% to Rs836 crore on higher steel sales

2 min read . 01 Nov 2017

Tata Steel managed to meet estimates on revenue, which rose 20% to Rs32,464.1 crore in the September quarter. Photo: Reuters

Tata Steel posts Rs1,018 crore Q2 profit, misses analyst estimates

2 min read . 31 Oct 2017

Crompton Greaves Consumer Electricals MD Shantanu Khosla attributed the revenue growth to higher volumes, while giving credit to cost cutting measures and disciplined marketing spends to the jump in profitability. Photo: Prajakta Patil/Mint

Crompton Greaves Consumer posts 23.3% rise in profit at Rs70.8 crore

1 min read . 26 Oct 2017

The drop in Cummins India Ltd’s profit during the quarter was also a function of a 22.5% drop in its other income to Rs53.6 crore.

Cummins India Q2 profit drops 22.3% to Rs152.9 crore

1 min read . 26 Oct 2017

Interim finance is simply the debt raised by the resolution profession during the insolvency resolution period. Photo: Hemant Mishra/Mint

ARCs, NBFCs eye interim finance market as bank credit to distressed firms dries up

3 min read . 26 Oct 2017