Sluggish market cuts ACC's Q2 net profit
Cement

Sluggish market cuts ACC's Q2 net profit

For July-September quarter, ACC's consolidated net profit stood at Rs 118.90 crore, which is half when compared to last fiscal profit. Sluggish market conditions resulted in lower realisations, the company stated. ACC, in which Swiss building material major Holcim has the majority stake, had clocked Rs 241.96 crore net profit in the corresponding quarter last fiscal. The company said in a statement that operating EBITDA in the third quarter declined to Rs 286.56 crore against Rs 466.07 crore in the corresponding quarter of the preceding year.

For July-September quarter, ACC's consolidated net profit stood at Rs 118.90 crore, which is half when compared to last fiscal profit. Sluggish market conditions resulted in lower realisations, the company stated. ACC, in which Swiss building material major Holcim has the majority stake, had clocked Rs 241.96 crore net profit in the corresponding quarter last fiscal. The company said in a statement that operating EBITDA in the third quarter declined to Rs 286.56 crore against Rs 466.07 crore in the corresponding quarter of the preceding year.

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Real Estate

ED Attaches Properties Worth Rs.56.86 Crore in Krrish Realtech Fraud Case

The Directorate of Enforcement (ED) in Gurugram has provisionally attached properties valued at Rs.568.6 million belonging to M/s Krrish Realtech Pvt. Ltd., Amit Katyal, and others. The action, conducted under the Prevention of Money Laundering Act (PMLA) of 2002, follows allegations of illegal diversion of funds collected from plot buyers. The ED claims that Krrish Realtech accepted payments from buyers without possessing a valid license from the Department of Town and Country Planning (DTCP). The ED conducted search operations at two premises, leading to the recovery of ?35 lakh in cash and..

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Infrastructure Transport

Centre approves 50 National Highway projects for Manipur

The Ministry of Road Transport and Highways has approved 50 National Highway projects in Manipur, covering a total length of 1,026 kilometers. Of these, 44 projects—spanning 902 kilometers—are dedicated to the state’s hilly areas, reflecting the government’s commitment to improving infrastructure in difficult terrains. As part of the initiative, eight projects to totalling 125 kilometers have already been completed in the hills. Currently, 36 more projects are underway, with a budget of Rs 120 billion allocated for the remaining 777 kilometers. These efforts aim to enhance connectivit..

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Infrastructure Transport

NHAI plans 4-lane road to cut travel time from Baddi to PGI

The National Highways Authority of India (NHAI) is preparing to build a four-lane road from Majri Chowk in Mullanpur to Baddi via Siswan, aiming to reduce travel time for residents of Himachal Pradesh visiting PGIMER in Chandigarh. The proposed 18-kilometer stretch will form part of a larger ring road encircling Chandigarh, which is intended to ease traffic congestion in the region. Currently, commuters traveling from Baddi to New Chandigarh must navigate a single-lane route to reach the PGIMER. The project is awaiting forest clearance from the Punjab Government before work can commence. Dur..

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