Nuvoco Vistas Q1 Profit Plummets 80%

02 Aug 2024 CW Team

Nuvoco Vistas Corporation has reported a significant decline in its net profit for the first quarter of FY25, falling by 80.36% compared to the previous year. The sharp drop in profitability is attributed to various operational and market challenges faced by the company during this period.

The decline in profit reflects the broader pressures in the cement industry, including increased costs of raw materials and energy, coupled with competitive pricing pressures in the market. These factors have adversely impacted Nuvoco Vistas' financial performance, leading to the substantial decrease in net profit.

Despite the challenging financial environment, Nuvoco Vistas remains focused on strategic initiatives to stabilize and improve its performance. The company is expected to undertake measures to enhance operational efficiency and address cost-related issues in order to recover from the current downturn.

Investors and industry analysts will be closely monitoring the company's future performance and strategies to navigate the current market challenges. The outcome will be crucial for understanding Nuvoco Vistas' ability to rebound and achieve sustainable growth in the upcoming quarters.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..