NEW DELHI: Jaguar and Land Rover (JLR) the biggest subsidiary of Tata Motors and the company that provides most of its revenue said it has seen over seven-fold month-on-month increase in sales in March.
Media reports said JLR UK sales stood at 9,173 units during the month against 1,253 units in the previous month. However, it was still nearly half of 18,966 units in the same month last year.
Following the sales update, shares of Tata Motors climbed nearly 3 per cent.
Powering up!
Another Tata Group company, Tata Power, also had good news to tell its shareholders, The company in an exchange filing said its wholly-owned subsidiary, Tata Power Solar Systems Power, commissioned a 160 MW AC solar project at Jetstar, Rajasthan.
Approximately 6,75,000 monocrystalline PV modules were used in this installation and it will produce 387 MUs of energy per year. The Jetstar project was completed within a period of 15 months.
The Jetstar project is one of the largest solar projects in Rajasthan. It will not only increase the share of renewable power in the overall energy mix of the state but also contribute its bit towards India’s ambitious renewable energy targets, the company said.
Tata Power ended the day at Rs 273.60, up 8.59 per cent on BSE.
Forging many paths
Ramkrishna Forgings, which makes rolled, forged and machined products, is forging new paths of revenues for itself. It said it has received the biggest export order worth Rs 135 crore from a Euroasian OEM manufacturer for the Heavy Duty Commercial Vehicle Crank Shafts.
Business will be executed in the next five years.
“This order validates our knowledge of heavy-duty commercial vehicle products and demonstrates our ability to match global quality standards. These order wins not only raise the profile of our international business but also contribute to the strengthening of our long-term customer relationships, which we will be able to leverage for future orders,” said Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings.
“Our company has performed admirably in both domestic and international markets, and we are confident of rapid growth on the back of higher capacity and improving utilization leading to strong revenue visibility and better operating leverage.”
The stock jumped 6.84 per cent to Rs 180.40.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
