The company has been running 3,000 buses in Delhi for past 10 years. It has been running electric buses in 6 cities for last 2-2.5 years. Due to this experience, the company is confident that it will deliver and also make money on the rates quoted for CESL tender.
Reliance Industries revenue grew 10% QoQ and by 36% YoY as the O2C segment (↑44% YoY) saw higher volumes on demand recovery as well as higher energy costs which boosted the topline.
Kotak Mahindra Bank posted a 65% rise in Q4 FY22 Net profit, driven by 18% rise in Net Interest Income, Robust Fee Income and Reversal of COVID-related provisions.