Adani Total Gas Limited reported that its total number of EV charging points reached 1,212 by the end of June 2024, with an additional 740 points currently under construction, according to CEO Suresh Mangalani during the company’s Q1 earnings presentation on Monday. “We anticipate these new charging points will soon be operational, expanding our network …
Quess Corp, one of the leading business services providers in India, announced its Q1FY25 financial results. The company has achieved a 9% increase in revenues and a 19% rise in EBITDA compared to the previous year. For the first time, Quess has surpassed ₹5,000 crore in quarterly revenue, reaching ₹5,003 crore, and has expanded its …
Kalpataru Projects International Limited (KPIL), a leading global infrastructure EPC company, announced its results for the quarter ended June 30, 2024. Financial Highlights of Q1 FY25 – Consolidated The company’s revenue increased by 8.2% year-on-year to ₹4,587 crores, driven by the Transmission & Distribution (T&D) and Building & Factories (B&F) businesses. The EBITDA stood at …
In the midst of the recent market turbulence and subsequent recovery, strategic portfolio diversification stands out as a wise choice. Within this market turmoil, a notable figure in the cement industry stands out as it experiences a trend reversal price pattern breakout. JK Lakshmi Cement Ltd. is a prominent player in the cement sector, specializing …
India Cements, a stalwart in the cement manufacturing sector of the Indian subcontinent, is embarking on a strategic financial manoeuvre to secure its operational and expansion goals. With plans to raise a substantial ₹750 crore through bonds, the company has positioned itself at the nexus of industry challenges and forward-looking capital investments. This decision, orchestrated …
Dalmia Bharat Limited, one of the leading cement manufacturers, recently released its results for the quarter and year ended March 31, 2024. During FY2024, the company witnessed a growth of 11.8% on a YoY basis to 28.8 MnT. The installed cement capacity rose by 15.6% YoY to 44.6 MnT, and it has been recognised as …
The cement sector plays an important role in the development of the country’s infrastructure while it also plays a critical role in fulfilling one of the most important basic human needs, i.e Housing. While infrastructure accounts for ~26-27% of the cement consumption in India, Housing (both Urban and Rural) which also includes low-cost housing, accounts …
During the final trading session of the week, the Nifty index started negatively influenced by global cues. However, it managed to recover from initial losses and reached a new all-time high. Following this remarkable achievement, a sudden wave of profit booking caused a sharp decline, and the index is currently trading near its lowest levels …
Buckle up and forget the snooze-fest of balance sheets; we’re diving into the riveting world of Capex growth. Picture this as the stock market’s version of a blockbuster movie – with Mphasis flexing its Salesforce muscles, Finolex Cables stretching its communication cords, and Century Plyboards planning a boardroom revolution. Grab your popcorn, because these Capex …
The global chemicals sector faces a challenging landscape in 2024, characterized by weak demand and abundant supply, as per Fitch Ratings’ neutral outlook. Despite bottom-of-the-cycle conditions in 2023, the industry is expected to grapple with constrained volumes and margins, with little to no recovery anticipated. High uncertainty further adds complexity to the sector’s trajectory, setting …
