MG Motor India and Hindustan Petroleum Corporation Ltd. (HPCL) announced their strategic partnership to enhance the country's electric vehicle (EV) charging infrastructure. Under this alignment, MG and HPCL will together install 50kW/60kW DC fast chargers at key locations covering highways and cities across India. The collaboration focuses on providing convenience to EV users by increasing the availability of EV chargers during their long distance and intercity commutes. Gaurav Gupta, Chief Growth Officer, MG Motor India, said: “ Our partnership with HPCL is yet another step to expanding the EV charging infrastructure in India to energise and enhance customer confidence in EVs. HPCL's vast network and significant presence in India will ensure that existing and prospective EV users across the country have convenient access to our charging solutions.” Both the companies revealed that the public-mode network of chargers is designed for all EVs compatible with the CCS 2 charging
Net Sales at Rs 9.17 crore in March 2024 down 51.8% from Rs. 19.02 crore in March 2023. Quarterly Net Loss at Rs. 2.34 crore in March 2024 down 408.45% from Rs. 0.46 crore in March 2023. EBITDA stands negative at Rs. 2.43 crore in March 2024 down 3950% from Rs. 0.06 crore in March 2023. Narbada Gems shares closed at 67.88 on May 28, 2024 (BSE) and has given 27.38% returns over the last 6 months and 26.78% over the last 12 months. Net Sales/Income from operations 9.17 31.52 19.02 Other Operating Income -- -- -- Total Income From Operations 9.17 31.52 19.02 EXPENDITURE Consumption of Raw Materials 14.59 20.11 24.03 Purchase of Traded Goods -4.64 3.22 -- Increase/Decrease in Stocks -- -- -6.08 Power & Fuel -- -- -- Employees Cost 1.07 1.15 0.93 Depreciation 0.14 0.12 0.05 Excise Duty -- -- -- Admin. And Selling Expenses -- -- -- R & D Expenses -- -- -- Provisions And Contingencies -- -- -- Exp. Capitalised -- -- -- Other Expenses 0.70 0.76 0.35 P/L Before Other Inc. , Int., Ex