Cement demand to rise mid-to-high single digits in medium-term

GRSE Signs MoU with Reintjes GmbH for Marine Propulsion Gearbox Collaboration

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has signed a Memorandum of Understanding (MoU) with Reintjes GmbH, a leading German company specialising in the design and manufacture of marine propulsion gearboxes. The partnership aims to explore collaborative opportunities by integrating Reintjes' advanced propulsion gear trains with selected engines on GRSE-built vessels. This strategic association is expected to enhance propulsion efficiency in both defence warships and commercial vessels for domestic and export markets.GRSE, a Defence Public Sector Undertaking under the Ministry of D..

SDHI to Manufacture Varex Imaging’s Cargo Inspection Systems in India

Swan Defence and Heavy Industries Limited (SDHI) has signed an agreement with Varex Imaging Corporation to manufacture advanced cargo and vehicle inspection systems in India. Headquartered in Salt Lake City, USA, Varex Imaging is a global leader in linear accelerators and imaging technologies.Under the partnership, SDHI will exclusively produce Varex’s high-energy imaging systems at its manufacturing facility in Pipavav, Gujarat. These systems are designed for the comprehensive inspection of cargo at land and seaports, catering to the increasing demand for robust security infrastructure acro..

Shree Cement Posts Strong Q1FY26 Results; PAT Jumps 95% YoY

Shree Cement, India’s third-largest cement producer by capacity, reported a robust financial performance for the quarter ended 30 June 2025. The company’s standalone revenue rose 2 per cent year-on-year to Rs 4,948 crore, while EBITDA grew 34 per cent to Rs 1,229 crore. Net profit surged 95 per cent to Rs 619 crore during the quarter.During the first quarter of FY26, Shree Cement’s standalone revenue from operations stood at Rs 4,948 crore, reflecting a 2 per cent increase compared to Rs 4,835 crore in Q1FY25. The company’s EBITDA rose significantly by 34 per cent, reaching Rs 1,229 cr..