HGIL to set up greenfield project for plywood in Tamil Nadu

MAN Industries to Raise Rs 3 Billion Via Equity and Warrants

MAN Industries (India) Ltd. has announced that its Board of Directors has approved a capital raise of up to Rs 3 billion through a preferential allotment of equity shares and convertible warrants. The move, subject to shareholder and regulatory approvals, aims to fund the company’s expansion projects and strengthen its balance sheet.The proposed allotment includes the issuance of 1.22 million convertible warrants to promoter group entity Man Finance Private Limited at Rs 328 each (inclusive of a Rs 323 premium), aggregating to approximately Rs 400 million. Each warrant will be convertible in..

PTC Industries Reports 45% Rise in FY25 Profit

PTC Industries Limited, a manufacturer of high-precision metal components for critical and super-critical applications, reported robust financial results for the fourth quarter and full financial year ending 31 March 2025.For Q4 FY25, the company’s total income surged 74.9 per cent year-on-year to Rs 1.34 billion, compared to Rs 765 million in the same quarter last year. EBITDA rose by 56.5 per cent to Rs 406.2 million, while Profit After Tax (PAT) stood at Rs 245.7 million, registering a 67 per cent increase.For the full year FY25, total income reached Rs 3.42 billion, up 26.6 per cent from..

NACDAC Reports 34% Revenue Growth in FY25

NACDAC has reported a strong financial performance for the fiscal year ending March 2025, with revenue from operations reaching Rs 48.58 billion, up 33.84 per cent from Rs 36.30 billion in FY24. EBITDA rose 36.10 per cent year-on-year to Rs 6.76 billion, while profit after tax increased by 38.97 per cent to Rs 4.14 billion. The company’s net worth more than doubled to Rs 24.29 billion, compared to Rs 11.90 billion the previous year.The company attributes this performance to enhanced execution capabilities through investments in advanced technology, modern equipment, and a skilled workforce. ..