The Business Bytes

TBB BUREAU COPENHAGEN, MAY 3, 2022     Dalmia Cement (Bharat) Ltd, a leading Indian cement major and subsidiary of Dalmia Bharat Limited, one of India’s leading cement manufacturers and FLSmidth & Co. A/S, a major supplier of engineering, equipment and service solutions to the global mining and cement industries, have signed a Memorandum of Understanding (MoU) to collaborate in the ...

TBB BUREAU BHUBANESWAR, MAY 3, 2022 In an endeavour that aims at enhancing experience of rural electricity consumers in Marshaghai area, TP Central Odisha Distribution Ltd (TPCODL) today inaugurated its first mobile Customer Care Centre (CCC) at Marshaghai Tehsil in Kendrapada district. Mahakalapada MLA Atanu Sabyasachi Nayak flagged off the mobile CCC in presence of senior officials of TPCODL. The ...

TBB BUREAU NEW DELHI, MAY 3, 2022 Jindal Stainless Ltd (JSL) on Monday posted a 156 per cent jump in consolidated net profit at Rs 749.88 crore for the March quarter (Q4FY22), mainly on account of higher income. In the year-ago quarter, its net profit stood at Rs 292.61 crore, the company said in a regulatory filing. Total income in ...

TBB BUREAU BHUBANESWAR, MAY 3, 2022 Aditya Birla Group company Utkal Alumina International Limited (UAIL)’s Project “UANAT (Utkal’s Action for Agricultural Transformation)” launched in collaboration with Bharat Rural Livelihood Foundation (BRLF), is making a transformative change to the lives of more than 15,000 rural households of Kashipur Block in Rayagada district and Thuamul Rampur Block of Kalahandi district in Odisha ...

TBB BUREAU      BHUBANESWAR, MAY 2, 2022 A Uday Bhaskar Reddy has joined as the new Zonal Manager (ZM) of the Bhubaneswar Zone of Punjab National Bank (PNB). Reddy started his career in 1988 as an Agricultural Officer in PNB and during his successful journey of over 34 years, he has worked in different capacities of the Bank in different geographies ...

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 ...

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 ...

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 ...

TBB BUREAU NEW DELHI, MAY 2, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has announced long-term sourcing of 380 MW of renewable energy for its Aluminium Smelters. Some 180 MW of this RE will be for the Aluminium Smelter at Jharsuguda, Odisha, and 200 MW for the Bharat Aluminium Company (BALCO) at Korba, Chhattisgarh. This will be carried out ...

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. ...