Explore Business Standard
Jewellery retailer DP Abhushan, which is eyeing Rs 3,900-4,000 crore revenue this financial year, is planning to foray into Gujarat, Chhattisgarh and Maharashtra, a top company executive has said. "We are currently present in Madhya Pradesh and Rajasthan with 11 stores in 10 cities. Now we have a plan to expand into more states and are entering into Gujarat, Chhattisgarh, and Maharashtra, by adding 3-5 stores annually. We are in expansion mode and expecting around Rs 3,900-4,000 crore revenue in 2025-26. In FY25, we closed the revenue at Rs 3,300 crore," DP Abhushan Promoter Vikas Kataria told PTI. The company is planning for 20-25 per cent annual growth. Besides, after 2-3 years, D P Abhushan is planning to expand to the North and other parts of the country. The Ratlam-headquartered company has Rs 15-20 crore capex to fund its expansion, he said adding that "we are doing this funding through internal accrual". At present, the company has a debt of Rs 170-180 crore. "At present,
Swan Defence and Heavy Industries (SDHI) on Friday said it has bagged a USD 227 million (around Rs 2,080 crore) contract from Europe-based Rederiet Stenersen AS. The company has received the order to manufacture and supply six 18,000 DWT (deadweight tonnage) IMO Type II chemical tankers from its shipyard in Pipavav, Gujarat. Swan Defence and Heavy Industries, in a statement, said the order valued at USD 227 million is one of India's largest single commercial shipbuilding orders and the first chemical tanker order placed with an Indian shipyard. The contract bagged from European shipowner Rederiet Stenersen AS also includes an option for six additional vessels. The first vessel is scheduled for delivery within 33 months, with subsequent deliveries planned at regular intervals. Each tanker will have an overall length of approximately 150 metres and a beam of approximately 23 metres. The vessels will be designed by Marinform AS and StoGda Ship Design & Engineering and classed by ...
Essar Future Energy Limited on Monday announced it would establish a large-scale bio-fuel complex in Gujarat's Devbhumi Dwarka district with a proposed investment of Rs 5,100 crore. The company signed a Memorandum of Understanding (MoU) with the state government at the ongoing Vibrant Gujarat Regional Conference (VGRC) in Rajkot. "The project involves a proposed investment of Rs 5,100 crore and is expected to generate around 350 direct employment opportunities, with operations targeted to commence by 2029," a release from the company said. Under the MoU, Essar Future Energy will establish a large-scale bio-fuel complex in Devbhumi Dwarka district, with an initial feedstock processing capacity of 1 million tonnes per annum (MTPA), it added. The project will be developed as an SEZ unit and will focus on decarbonizing hard-to-abate sectors, offering clean fuel solutions for aviation, shipping, and road transport, the release said, adding that it is expected to contribute to regional .
A group of men playing 'damru' and 108 horses drawn from different parts of Gujarat were part of the Somnath temple's Shurya Yatra on Sunday which saw Prime Minsiter Narendra riding an open-top vehicle. The yatra began from Shankh Circle, and the prime minister travelled the nearly one km stretch towards Veer Hamirji Gohil Circle, that faces the Somnath temple complex. A group of men, wearing playing the 'damru' formed part of the parade and preceded the prime minister's vehicle in sequence. Modi carried a drum in his hand, which he played briefly at the beginning of the procession before handing it over to security personnel. The crowd, which lined the streets on both sides, cheered, and many showered floral petals as the procession moved ahead, while artistes performed on different dance forms of India on various stages mounted at regular intervals along the parade route. The brigade of 108 horses stood out in the procession, whose riders wore a starch white shirt paired with k
Prime Minister Narendra Modi is scheduled to arrive at Somnath in Gujarat on Saturday evening to take part in celebrations being held as part of the Somnath Swabhiman Parv, officials said. The temple town has been decked up, and a series of events is being held there from January 7-11 as part of the festivities. "The Somnath Swabhiman Parv is a powerful symbol of our spiritual tradition, celebrated with great reverence, devotion, and joy across the country. In this connection, I will have the privilege of participating in the divine chanting of the Omkar Mantra at the Somnath Temple tomorrow night at around 8 p.m.," Prime Minister Modi said in a post on X on Friday. "The next day, at around 9:45 a.m., after participating in the Shaurya Yatra dedicated to the countless brave sons of Mother India, I will visit and worship the temple. After this, I will also have the opportunity to participate in a public program here. #SomnathSwabhimanParv," he said. A mega drone show will also be he
At least 12 tremors of magnitude ranging from 2.6 to 3.8 jolted Gujarat's Saurashtra region between Thursday night and Friday afternoon, triggering panic among residents of three talukas in Rajkot district, with many of them seeking refuge in open fields as a precautionary measure. Rajkot Collector Om Prakash, however, said 21 tremors have been recorded in Upleta, Dhoraji and Jetpur talukas in the district, with their magnitudes ranging from 1.4 to 3.8. No loss of life or damage has been reported so far, officials said. The first tremor, which was of 3.3 magnitude, was recorded at 8.43 pm Thursday, with its epicentre near Upleta town, an official said. Gandhinagar-based Institute of Seismological Research (ISR) recorded 12 tremors of 2.6 to 3.8 magnitudes with their epicentres located 27 to 30 km east-northeast of Upleta, he said. Due to the 'earthquake swarm' (series of tremors or small earthquakes), people in Upleta, Dhoraji and Jetpur talukas are in the grip of fear. Locals sa
The Union Ministry of Home Affairs has handed over the probe into the alleged ricin poison terror plot to the National Investigation Agency (NIA), said a senior Gujarat ATS official on Saturday. The Gujarat Anti-Terrorist Squad (ATS) had arrested Dr Ahmed Mohiyuddin Saiyed, Azad Suleman Sheikh, and Mohammad Suhail Mohammad Saleem on November 9 last year for their alleged role in a plan to carry out a major terrorist attack with weapons and chemicals. The agency had booked the three under the stringent UAPA, or Unlawful Activities (Prevention) Act, besides invoking the Bharatiya Nyaya Sanhita and the Arms Act. The MHA has ordered to hand over the UAPA case concerning the ricin chemical plot to the NIA, Superintendent of Police (ATS) K Siddharth told PTI. Ricin is a highly poisonous substance that can be made from the waste material left over from processing castor beans. Gujarat ATS, which was probing the case, arrested Dr Saiyed, originally from Hyderabad, near Adalaj in Gandhinag