Q1: Amara Raja Energy profit rises 26%

05 Aug 2024 CW Team

Amara Raja Energy & Mobility (ARE&M) reported a rise of about 26% in its consolidated net profit, reaching Rs 2.49 billion for the June quarter of FY25. This is an increase from the Rs 1.98 billion net profit reported for the April-June period of 2023-24, according to an exchange filing by the company on Saturday. The revenue growth was supported by strong year-on-year volumes in the automotive after-market, OEMs (original equipment manufacturers), and export markets, as stated by the company.

Harshavardhana Gourineni, Executive Director of Automotive & Industrial Batteries, noted that the quarter had seen substantial traction from international operations, driven by the uptake of their indigenously designed AGM (Absorbed Glass Mat) batteries. He mentioned that the company is significantly investing in expanding this segment in the coming months.

The company plans to continue expanding its product range, exploring new market segments, and enhancing its global presence. ARE&M operates in energy storage solutions, lithium-ion cell manufacturing, EV chargers, and automotive and industrial lubricants, among other areas.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..