JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
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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