Kaynes Acquires August Electronics for Global Expansion
Kaynes Technology India Ltd, a leading Electronics System Design and Manufacturing (ESDM) firm, has signed a share purchase agreement to acquire 100 per cent of August Electronics Inc., a Canadian EMS provider based in Calgary, Alberta. The transaction will be executed via Kaynes’ wholly owned step-down subsidiary, Kaynes Canada Ltd.This strategic acquisition enhances Kaynes' North American presence and supports its global expansion plans by strengthening localised manufacturing, agile supply chains, and engineering expertise.With over three decades of experience, August Electronics is known..
Kirloskar Ferrous Sees 7% Growth Despite Input Cost Pressure
Kirloskar Ferrous Industries Ltd (BSE: 500245), a leading Indian manufacturer of castings, pig iron, steel and seamless tubes, announced its audited results for the quarter and financial year ending 31 March 2025.Managing Director R.V. Gumaste commented, “Despite rising input commodity costs and lower product realisations, we achieved a 7 per cent year-on-year growth in revenue, driven by higher volumes. Strong operational efficiencies and cost discipline helped protect margins amidst a challenging environment.”He noted that with the company’s iron ore mines now operational, it is better..
Birla Corp Q4 Profit Rises 33%, Eyes Expansion by 2029
Birla Corporation Limited ended FY2024–25 on a strong note, posting a consolidated net profit of Rs 2.57 billion in the March quarter—up 33 per cent year-on-year—after three difficult quarters for the cement sector. Supported by a rise in demand and prices, capacity utilisation reached 105 per cent during the quarter.Quarterly revenue rose 7 per cent year-on-year to Rs 28.63 billion, while EBITDA per tonne increased to Rs 1,014. The operating margin for the cement division improved to 20 per cent, from 18.6 per cent a year ago.The company has now approved a capital investment of Rs 43.35..
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