REC Limited informed in a stock exchange filing that the company’s wholly-owned subsidiary, REC Power Development & Consultancy Limited (RECPDCL), has incorporated a wholly-owned subsidiary, Rajasthan IV 4B Power Transmission Limited. The new company was officially incorporated on August 14, 2024. It is established with an authorised and paid-up capital of ₹5,00,000 each. The creation …
Arman Financial Services reported its financial results for the quarter ended June 30, 2024 (Q1 FY 2025). The company reported that the consolidated Asset Under Management (AUM) reached approximately ₹2,594 crore, marking a 21% year-on-year growth. Due to macroeconomic challenges, disbursement activity slowed, with disbursements for Q1 FY25 totalling around ₹459 crore. Net total income …
On August 14, 2024, Paras Defence and Space Technologies Limited, one of the leading manufacturers of defence and space engineering products, announced that its associate company, Controp-Paras Technologies Private Limited, has received an order from Larsen and Toubro Limited worth ~₹305 crore (plus taxes). As per the terms of the contract, Controp-Paras Technologies Private Limited …
According to a senior executive of the Steel Authority of India Limited (SAIL), the company’s blended realisations could decline further sequentially by ~₹1,000 per tonne this quarter due to continued pressure from low-priced Chinese steel imports. For the June quarter, net sales realisation, or blended steel prices, were ₹53,700 per tonne, down ₹800 from the …
Sarveshwar Foods Limited has announced its unaudited financial results for the quarter ended June 2024 (Q1 FY 2025). The company’s revenue from operations stood at ₹233.05 crore in Q1 FY25, a significant increase from ₹187.68 crore in Q1 FY24, reflecting a year-on-year growth of 24%. They stated this growth is largely driven by the continued …
Craftsman Automation Ltd has announced an update regarding its acquisition plans in Germany. This follows their previous disclosure on July 23, 2024, in compliance with Regulation 30 of the SEBI Listing Regulations. On July 22, 2024, the company’s German subsidiary, German Sub, executed an Asset Sale and Purchase Agreement (APA) with Fronberg Guss GmbH. This …
RHI Magnesita India Limited has announced its unaudited consolidated financial results for the quarter ended June 30, 2024 (Q1 FY 2025). The company reported a 16% growth in EBITDA compared to the same quarter of the previous financial year. However, the company recorded revenue of ₹878 crore for Q1 FY25, a slight decline from ₹928 …
Mahindra Logistics informed the stock exchanges that it has launched the ‘Emission Analytics Report,’ a digital platform designed to offer customers real-time visualisation of their carbon emissions and support supply chain decarbonisation. The company stated that this user-friendly tool focuses on transportation and provides detailed Scope 3 carbon emission data, including emissions intensity, tonne-kilometres, mode-specific …
Samvardhana Motherson Ltd., a big name in the global automotive components industry, has announced plans to invest up to Rs 5,000 crore in capital expenditure for the FY25, followed by a strong first quarter, during which the company reported growth in both net profit and revenue. However, Chief Financial Officer Kunal Malani has indicated that …
Power Mech Projects Ltd (PMPL) saw a rise in its share price today, following the announcement of securing a major contract. The company’s shares surged as much as 6% to an intraday high of Rs.6,039.80 per share before settling at Rs.5,850 per share by 9:34 AM, reflecting a 3% increase, this was in contrast to …
