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Rail Vikas Nigam: The joint venture KRDCL-RVNL has received a letter of acceptance for major upgradation and redevelopment of Varkala Sivagiri railway station. The project cost is Rs 123.36 crore. KRDCL is the lead member in the project with 51 percent share, and RVNL is the other member with 49 percent share. Further, Rail Vikas Nigam has signed a MoU with REC for mutual benefits by way of RVNL presenting bankable projects with an assured or projected source of revenue or returns and REC exploring the scope and spread of providing finances to such projects directly with pre-stipulated conditions and returns for itself. Avenue Supermarts: The D-Mart chain operator has clocked 17.2 percent on-year growth in standalone revenue from operations at Rs 13,247.33 crore for the quarter ended December FY24. The total number of stores as of December 2023 stood at 341. Hero MotoCorp: The world's largest two-wheeler maker has sold 3,93,952 units of motorcycles and scooters in December 2023, down 0.05 percent compared to 3,94,179 units dispatched in the year-ago month. Domestic sales fell 0.92 percent YoY to 3,77,842 units, but exports jumped 25.7 percent to 16,110 units during the same period. Bank of Maharashtra: The public sector lender has recorded 18.92 percent on-year growth in total business at Rs 4.34 lakh crore for the quarter ended December FY24, with deposits increasing by 17.9 percent to Rs 2.46 lakh crore and gross advances rising 20.3 percent to Rs 1.89 lakh crore. Coal India: Coal India supplied an all-time high volume of 98 million metric tons (mts) to non-regulated sector (NRS) consumers until December FY24. This translates to a whopping 23 million metric tons increase, with 31 percent growth over the 75 million metric tons of the same period last fiscal. With increased production and maximized supplies through all modes of dispatch, Coal India's offtake to power plants in the country rose to 454 MT during April–December FY24. This is 8 metric tons higher than the committed quantity of 446 metric tons for the period. Compared to 433 mt ofApril–December last year, the increase is 21 mt, with around 5 percent growth.

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