GAIL (India) Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have entered into a strategic partnership to enhance the operational efficiency of RRVUNL’s gas-based power plants in Rajasthan. A Non-binding Memorandum of Understanding (MoU) was signed in the presence of Shri Hiralal Nagar, Hon’ble Energy Minister of Rajasthan, and Shri Alok, Additional Chief Secretary …
Life Insurance Corporation of India (LIC) announced robust financial results for the quarter ending June 30, 2024. The company’s Profit After Tax (PAT) surged to ₹10,461 crore, up from ₹9,544 crore in the same period last year, representing a growth of 9.61%. LIC maintained its market leadership in the Indian life insurance sector, capturing a …
Shera Group: Boosting Production Capacity to Drive Growth In a significant move towards growth and operational excellence, Shera Group has successfully increased its production capacity. This development aligns with the company’s long-term objectives and reinforces its commitment to delivering sustained value to stakeholders. Standalone and Consolidated Production Capacity: The Numbers Shera Group’s production capacity expansion …
GQG Partners has made another strategic investment in GMR Airports Infrastructure Limited by acquiring an additional 4.5 crore shares, equivalent to a 0.43% equity stake, via a bulk deal on August 23, according to an exchange filing. With this purchase, GQG’s total stake in the company has risen to 5.17%. A History of Strategic Investments …
On August 14, 2024, SKF India’s Board of Directors approved the unaudited financial results for the quarter and half-year ending June 30, 2024. SKF India is a top provider of bearings, condition monitoring, and related services. For the quarter ended June 30, 2024, SKF India reported a revenue of ₹12,062 million, an increase from ₹11,496 …
On August 14, 2024, Gensol Engineering Limited, in partnership with Matrix Gas & Renewables Ltd, announced its success in securing a 237 MW annual capacity under the Production Linked Incentive (PLI) scheme. The company stated that this bid, awarded through a competitive tender by the Solar Energy Corporation of India (SECI), will fund the establishment …
Piccadily Agro Industries Limited (PAIL) has announced its financial results for the first quarter of FY 2024-25, highlighting both challenges and growth within the company. On a standalone basis, PAIL reported a total income of ₹209 crore, reflecting an 8.7% decline from ₹229 crore in the corresponding quarter of the previous fiscal year. Despite the …
PSP Projects, a renowned name in India’s construction industry, announced a significant achievement on Wednesday, August 14. The company has secured multiple contracts worth a cumulative over Rs 650 crore, marking a strategic expansion of its portfolio in civil and structural engineering projects. These contracts not only underscore the company’s robust operational capabilities but also …
On Wednesday, the Indian stock markets exhibited a positive bias, trading within a narrow range. Among the stocks making headlines was EPL Ltd., which witnessed an impressive double-digit rally. EPL shares surged nearly 12%, reaching a 52-week high of Rs 252.90 apiece on the NSE. This rally came on the back of the company’s strong …
Introduction to Power Mech Projects Ltd (PMPL) Incorporated in 1999, Power Mech Projects Ltd (PMPL), based in Hyderabad, is a leading engineering and construction services provider with a primary focus on the power and infrastructure sectors. Over the years, PMPL has diversified its operations across a broad spectrum of industries, including Railways, Transmission & Distribution …
