Friday, November 22
Vadodara: The death toll in a fire at the Indian Oil Corporation (IOCL) refinery in Gujarat's Vadodara city has gone up to two, while another injured person was undergoing treatment, police said on Tuesday. The fire that began on Monday afternoon with a blast in a benzene storage tank of the refinery later spread to two other adjoining tanks, Jawahar Nagar police station inspector A B Mori said. The blaze was brought under control after efforts which continued till the wee hours of Tuesday, he said. Two persons -- Dhimant Makwana and Shailesh Makwana -- died in the fire. An IOCL official received injuries and was undergoing treatment at a private hospital, Mori said. The condition of the injured person was stable, he said. The blaze was brought under control after extensive efforts involvi
Vadodara: The death toll in a fire at the Indian Oil Corporation (IOCL) refinery in Gujarat's Vadodara city has gone up to two, while another injured person was undergoing treatment, police said on Tuesday. The fire that began on Monday afternoon with a blast in a benzene storage tank of the refinery later spread to two other adjoining tanks, Jawahar Nagar police station inspector A B Mori said. The blaze was brought under control after efforts which continued till the wee hours of Tuesday, he said. Two persons -- Dhimant Makwana and Shailesh Makwana -- died in the fire. An IOCL official received injuries and was undergoing treatment at a private hospital, Mori said. The condition of the injured person was stable, he said. The blaze was brought under control after extensive efforts involvi
Shares of Jubilant FoodWorks zoomed 6.6% to their day’s high of Rs 641.50 on the BSE even as the company on Monday posted a profit after tax (PAT) of Rs 66.53 crore, marking a 31.5% year-on-year (YoY) decline.Despite the drop in profit, the company's revenue grew by 43% YoY.The revenue from operations for the reporting quarter stood at Rs 1,954.70 crore against Rs 1,368.63 crore in the year-ago period.The total income also surged to Rs 1,984.93 crore, up from Rs 1,375.69 crore reported in the corresponding period of the previous financial year.Jubilant Foodworks’ EBITDA was reported at Rs 398.6 crore for the July-September quarter, up by 43.8% YoY and 4.1% QoQ, while the EBITDA margin stood at 20.4%, an increase of 14 bps YoY.The company added 73 stores in the quarter, making the total
Shares of Hindalco on Tuesday rose 2.6% to their day’s high of Rs 672.20 on the BSE after the company reported 123% year-on-year (YoY) growth in its standalone net profit for the quarter ended September 2024 to Rs 1,891 crore, compared to Rs 847 crore posted in the last year quarter.The profit was higher than the Street estimate of Rs 1,294 crore. Revenue from operations increased 8% YoY to Rs 22,262 crore in the reporting period.Strong profit growth was driven by a robust operational performance by the India business, favourable macros and prudent cost management.Segment-wise, Novelis’ performance was impacted by the Sierre flood and tightening of scrap spreads. Novelis revenue for the quarter came in at $4.3 billion, up 5%, driven by higher average aluminium prices.Adjusted EBITDA fo
