Shree Cements records 7% rise in net profit to Rs 563.94 cr in Q2 FY22

01 Nov 2021 CW Team

Cement manufacturing company Shree Cements has registered an increase of 7% in its net consolidated profit during the quarter ended September 2021.

Its profit after tax (PAT) reached Rs 563.94 crore in Q2 FY22 compared to Rs 527.87 crore it recorded in the similar quarter previous financial year, the firm said in a BSE filing. The firm's net consolidated total income reached Rs 3,526.95 crore in Q2 FY22, a growth from Rs 3,364.84 crore it recorded in a corresponding quarter the previous year.

In a separate regulatory filing, the firm notified that Om Prakash Setia has resigned from the position of the independent director of the firm effective October 29, 2021, due to personal reasons.

As of September 30, 2021, its debt-equity ratio reached 0.09, net worth was Rs 16,281.46 crore, total debt to total assets was 9%, operating margin was 33%, and net profit margin was 18%, the firm said in the regulatory filing.

Image Source

Also read: HeidelbergCement’s net profit slumps 4.55% to Rs 59.56 cr in Q2 FY22

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..