This company plans to invest Rs 12000000000 in Andhra, not Mukesh Ambani’s Reliance, Narayana Murthy’s Infosys, Microsoft, Wipro , Adani Group, name is….
Raymonds Group has announced that Raymond Ltd will invest Rs 1,200 crore to set up manufacturing units for garments, auto parts, and aerospace components in the state of in Andhra Pradesh.
Aerospace project from Raymonds: In a principal pattern for the Raymond Restricted, Raymonds Neighborhood has launched that Raymond Ltd will invest Rs 1,200 crore to plight up manufacturing devices for apparel, auto formulation, and aerospace formulation within the express of in Andhra Pradesh. Within the new pattern, it has been launched that the new facilities will reach up within the Hindupur plot of the express. Listed below are the total valuable functions you should know relating to the Aerospace project from Raymonds Ltd.
Aerospace project from Raymonds Ltd
As per a report by Moneycontrol, the aerospace project of the Raymonds Ltd is the first such funding within the section for the explanation that success of Operation Sindoor because the Chandrababu Naidu authorities needs to create the plot bordering Bengaluru on the Andhra facet as an aerospace hall.
In a step to elevate the industrial pattern within the express, the Andhra Pradesh authorities below the leadership of Chief Minister N Chandrababu Naidu, moreover authorized funding proposals worth Rs 28,546 crore at the seventh assembly of the Tell Funding Promotion Board (SIPB).
Raymond Lifestyle suffers Rs forty five crore bag loss in Q4
In yet every other principal update for Reymonds, Raymond Lifestyle lately reported a consolidated bag loss of Rs forty five crore for the fourth quarter (Q4) of FY25, when put next with bag profit of Rs 236 crore within the same interval closing fiscal (Q4 FY24). As per a report by IANS news agency, the glum performance changed into largely attributable to a principal topple in revenue and margins, as successfully as rising payments.
The company’s revenue from operations fell 11.3 per cent one year-on-one year (YoY) to Rs 1,494 crore in Q4, down from Rs 1,684 crore in Q4 FY24. The tumble in revenue changed into attributed to aged consumer query and the affect of a ransomware assault, which disrupted operations, based on its inventory swap submitting.
Govt Chairman Gautam Singhania mentioned the corporate’s performance changed into below rigidity attributable to aged consumer sentiment and complex macro-financial cases.
“Our performance this one year changed into below rigidity, essentially attributable to aged consumer query and difficult macro-financial cases,” Singhania mentioned.
(With inputs from businesses)
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