KVIC registers the highest ever single-day sale of Rs 1.34 crore at the CP outlet, New Delhi

Oct 6, 2022 | Business


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This year on 2nd October, CP Outlet of Khadi India has once again set a new record of Khadi sales in a single day. It is noteworthy that the Prime Minister Shri Narendra Modi has appealed on several occasions from national and international forums to buy Khadi and Village Industries products and has mentioned about promoting this sector, which was during the year 2014 at stagnation pace. After the new Government took over, there has been tremendous growth in sale of Khadi.  It is also significant to mention that, since October 2016, the one-day sales at khadi India’s flagship outlet in Connaught Place, New Delhi has crossed Rs 1.00 crore marks on several occasions. This has been constantly mentioned by the Prime Minister in his radio talk “Mann ki Baat”.


Prime Ministers’ message of adopting Khadi and strengthening the poor spinners and weavers financially has reached every nook and corner of the country through the radio broadcast program “Mann Ki Baat”, the impact of this was seen in  this Gandhi Jayanti i.e. 2nd October 2022 sale.


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In a single day, the Khadi India Showroom at Connaught Place, New Delhi marked sale of Rs. 1.34 crores and broke its own previous record of Rs. 1.01 crore set on October 2, 2021. Earlier, the highest single day sale of Khadi stood at Rs 1.29 crore that was recorded on 30th October 2021.


It was for economic, cultural and social reasons and not merely political that Gandhi ji established the Khadi Movement. Taking ahead the same vision of Mahatma, our Prime Minister has endeavoured to promote the Khadi and other village Industries products among masses.


It is also the popularity of our Prime Minister and the respect of the people for him, on whose one call, people of India stand in full support to Khadi. The call of help to the poor artisans to light lamps on Diwali is substantiated in reality.


Currently  Prime Minister Shri Narendra Modi’s appeal to buy Khadi in “Mann ki Baat” on 25th September, 2022, before 2nd October, has played a great role in achieving this benchmark record sale said Chairman, KVIC. 


Commenting on this, KVIC Chairman Shri Manoj Kumar attributed the increase in the sales of Khadi to the continuous backing of the Prime Minister. He said that due to the appeal of  Prime Minister, a large number of people, especially the youth, have been inclined to buy Khadi.


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NTPC registers 62% growth in coal production from its captive mines compared to last year

Sep 4, 2022 | Business


NTPC Limited continues to demonstrate excellence in operations with an increasing trend in coal production from its captive mines. NTPC has produced 7.36 MMT of coal during the period April 2022 to August 2022 registering a robust growth of 62% compared to 4.55 MMT achieved during the same period last year.


With meticulous planning, resource mobilization, and regular monitoring, NTPC has achieved substantial growth even during the monsoon period, so far, and is hopeful of sustaining the growth that will help in ensuring uninterrupted, reliable and affordable power generation.


 


Further, NTPC has dispatched 7.52 MMT of coal from its captive mines as compared to 5.47 MMT of coal dispatched during the same period last year, registering a growth of 37%.



NTPC has taken various steps to augment the coal production from its coal mines. The engagement of high-capacity dumpers as well as an increase in the existing fleet size of excavators has allowed the operational mines to increase their production.


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IREDA Registers Record Profit in Covid Year

May 31, 2021 | Business

Public Sector Indian Renewable Energy Development Agency (IREDA) under Ministry of New and Renewable Energy reported an all-time high annual Profit Before Tax (PBT) of 570 crore rupees in the financial year 2020-21 that was severely affected by Covid 19 Pandemic. The PBT of the company was Rs. 241 crores during FY 2019-20. The company has posted Profit After Tax (PAT) of Rs. 346 crores as against Rs. 215 crores in the last financial year, registering a massive growth of 61%.

The Board of Directors of IREDA approved the Audited Financial Results for Financial Year 2020-21 in a meeting held today while lauding the company’s all-round improvement under challenging conditions.

The Loan Book of IREDA, a NBFC, has grown from Rs. 23,548 as on 31st March 2020 to Rs. 27,854 crores as on 31st March 2021. The loan disbursement of Rs. 8827 crore is the second highest in the company’s history. The net-worth of the company as on 31st March 2021 has reached Rs. 2995 crores as against Rs. 2521 crores on 31st March 2020.

 The annual financial highlights for the FY 2020-21 as against FY 2019-20 are as follows:

  • Profit Before Tax- Rs. 570 crores as against Rs. 241 crores, up by 136% (All-time high)
  • Profit After Tax- Rs. 346 crores as against Rs. 215 crores (up by 61%)
  • Loan Disbursement- Rs. 8827 crores as against Rs. 8785 crores, (2nd highest ever)
  • Loan Book- Rs. 27854 crores as against Rs. 23548 crores, (Annual growth: 2nd highest ever)
  • Net-worth- Rs. 2995 crore as against Rs. 2521 crore, (up by 19%)
  • Net NPA reduction- 5.61% as against 7.18% (reduction by 22%)

On this occasion, Shri Pradip Kumar Das, Chairman & Managing Director, IREDA said that the remarkable achievements of FY 2020-21 would not have been possible without Govt. of India’s active support and guidance. He conveyed his sincere gratitude to Shri R K Singh, Hon’ble Union Minister of Power, New and Renewable Energy for his continuous guidance and facilitation. Shri Das also placed on record the gratitude of the company for the abiding support received from Secretary, MNRE, Board of Directors and Senior Officials of MNRE. The CMD lauded the dedicated team of employees of IREDA for their commitment and efforts that made the high level of results possible.

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SS/IG

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