Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Thermax reported an almost 88% increase in consolidated net profit to ₹237.06 crore for the December quarter on Thursday, mostly due to greater revenues.
According to a BSE filing, its consolidated net profit for the previous year was ₹126.40 crore. Total income increased from ₹2,091.57 crore a year earlier to ₹2,382.76 crore this quarter. The firm's board authorised an extra capital expenditure of ₹45 crore to establish a production factory for ion exchange resin in Jhagadia, Gujarat.
According to the statement, as of December 31, the order balance for the quarter was ₹10,717 crore, up 9% from ₹9,859 crore in the previous fiscal. The order booking for the quarter under review was ₹2,506 crore, 14% higher than ₹2,204 crore in the last fiscal, it stated.
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