Man Infraconstruction saw a rise in quarterly net profit
Man Infraconstruction Ltd. showed an over-twofold rise in its standalone net profit to Rs 0.66 billion for the March quarter, increasing over Rs 0.29 billion during the fourth quarter of the last fiscal. The rise was seen on account of lower expenses.
EPC company Man Infraconstruction specialises in infrastructure, ports, commercial projects, institutions, IT projects, futuristic lifestyle homes, etc.
Man Infraconstruction reduced their expenditures from Rs 3.32 billion to Rs 1.14 billion in the previous year.In the fourth quarter of FY23, the firm reduced its cost of material..
Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations
Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.
Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..
Revolutionizing Concrete Infrastructure: Ajax Engineering's Milestone
Ajax Engineering, a pioneering force in the construction industry, has reached a monumental achievement by becoming the first to export slip-form pavers, a cutting-edge technology that promises to revolutionize concrete infrastructure projects worldwide.
With a commitment to innovation and excellence, Ajax Engineering's slip-form pavers represent a quantum leap in the construction of concrete infrastructure. These state-of-the-art machines enable the seamless and precise pouring of concrete, ensuring unparalleled accuracy and efficiency in project execution.
Designed to meet ..
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..