Sterling & Wilson Records Profit Surge

25 Apr 2024 CW Team

Sterling and Wilson, a leading global player in engineering, procurement, and construction (EPC) services for the energy sector, has reported a significant surge in profit. The company announced its financial results for the third quarter of the fiscal year, showcasing a remarkable performance.

Sterling and Wilson posted a consolidated net profit of Rs. 98.54 crore for the quarter ending December 31, 2023, as compared to a net loss of Rs. 320.08 crore in the same period the previous year. This turnaround can be attributed to various strategic initiatives undertaken by the company to optimise its operations and enhance efficiency.

Additionally, the company's focus on expanding its portfolio and geographical presence has contributed to its improved financial performance. Despite challenges posed by the ongoing pandemic and market volatility, Sterling and Wilson have managed to maintain a strong financial position and deliver value to its stakeholders.

The company remains committed to driving sustainable growth and innovation in the energy sector, leveraging its expertise and capabilities. With a positive outlook and a robust financial performance, Sterling and Wilson are poised to capitalise on emerging opportunities in the global energy market and further strengthen its position as a leading player in the industry.

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..