MNRE directs the release of PBGs within 45 days after project completion

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Celeros and Westinghouse Suppliers Meet U.S. Congress for AP1000

Celeros Flow Technology (Celeros FT) joined more than 30 Westinghouse Electric Company supply chain partners recently to meet with members of the U.S. Congress to discuss the significant benefits of deploying proven AP1000 nuclear technology in the U.S. and overseas. With more than six decades of experience as a lifecycle partner to the world’s nuclear industry, Celeros FT brought many expert insights to the discussion. Bill Cronauer, Regional Commercial Director, Americas and Ken Lazzara, Copes Vulcan Global Commercial Lead, Celeros FT, highlighted the economic impact and manufacturing..

Union Properties Reports 18.2% Revenue Growth Q1 2025 Results

Union Properties PJSC announced its financial results for the first quarter of 2025, reporting a strong start to the year with 18.2% increase in revenue, reaching AED163 million compared with AED138 million in Q1 2024. This revenue growth is expected to continue, supported by strategic initiatives and project launches, with significant increases anticipated each quarter. This solid performance underscores the Company’s continued focus on its core operations and the positive contributions of its high-performing subsidiaries across the UAE’s Real Estate sector. Gross profit increased to..