Advait Infratech Limited announced the incorporation of its wholly owned subsidiary, A&G Hydrogen Technologies Private Limited. This new entity, with an authorised capital of ₹1,00,000 divided into 10,000 equity shares of ₹10 each, marks a strategic expansion in Advait Infratech Limited’s commitment to green energy solutions. It was incorporated on July 26, 2024. Advait Infratech …
On July 31, 2024, Godrej Properties Limited announced the acquisition of a ~46-acre land parcel in Indore, marking a significant expansion in its real estate portfolio. This strategic acquisition is poised to cater to the growing demand for residential real estate in the city. The land, situated just off the Indore-Ujjain Road, is in a …
UGRO Capital, a leading DataTech NBFC focused on MSME lending, has achieved a significant milestone by securing the highest rating of ‘IND A1+’ for its short-term Commercial Papers (CPs) from India Ratings and Research (Ind-Ra). This top-tier rating underscores the company’s robust financial performance, strategic acumen, and consistent growth trajectory. In addition to the CP …
Hindustan Petroleum Corporation Limited (HPCL) is actively pursuing long-term liquefied natural gas (LNG) import deals as it prepares to commence operations at its 5 million ton per year (MTPA) LNG terminal in western India by the end of this year. The company aims to commission the Chhara LNG terminal in November or December, weather permitting, …
The Competition Commission of India (CCI) has given its green light to the proposed amalgamation of Mangalore Chemicals & Fertilizers Limited (MCFL) with Paradeep Phosphates Limited (PPL) and the subsequent acquisition of MCFL’s equity shares by Zuari Maroc Phosphates Private Limited (ZMPPL). Both MCFL and PPL are key players in the production and marketing of …
Torrent Power Limited has announced the incorporation of a wholly-owned subsidiary, Torrent Urja 18 Private Limited (TU18), on July 30, 2024. This strategic move positions the company to actively participate in the burgeoning hydrogen and renewable energy sectors. TU18 has been established with a broad scope of operations encompassing the manufacturing, processing, and distribution of …
Indus Towers Limited announced robust financial results for the first quarter ended June 30, 2024. The company reported a consolidated revenue of ₹7,383 crores, marking a 4.3% year-on-year increase. Notably, EBITDA surged 29.4% to ₹4,545 crores, translating to a healthy EBITDA margin of 61.6%. Driven by improved operational efficiency and cost management, Indus Towers’ net …
Waaree Renewable Technologies Limited, the Solar EPC arm of Waaree Group, has announced exceptional financial results for the first quarter ended June 30, 2024 (Q1 FY25). The company’s revenue surged by an impressive 83.31% year-on-year to reach ₹236.35 crores, demonstrating robust growth in its solar EPC operations. This strong top-line performance was complemented by an …
On July 30, 2024, Zaggle Prepaid Ocean Services Limited, a company specialising in SaaS fintech and spend management solutions, released its unaudited financial results for the quarter ending June 30, 2024. Q1FY25 – Key Highlights In Q1FY25, Zaggle Prepaid Ocean Services Limited reported significant financial growth. Revenue from operations surged by 112.9% to ₹2,522.1 million, …
On July 30, 2024, Tata Consumer Products Ltd released its financial results for the quarter ending June 30, 2024. Revenue from operations increased by 16% (16% in constant currency) compared to the same quarter last year. Organic growth, excluding new acquisitions like Capital Foods and Organic India, was 10%. However, profit before exceptional items and …
