ED seizes Rs 2.07 bn Neomax Properties in money laundering probe

BMW Industries Q1 FY27 PAT Rises 25.8% to Rs 191.2 Million

BMW Industries Limited (BMWIL), a steel processing company, reported a 25.8 per cent year-on-year increase in profit after tax (PAT) to Rs 191.2 million for Q1 FY27, compared with Rs 152 million in the corresponding quarter of the previous year.Total income increased 15.1 per cent year-on-year to Rs 1.77 billion from Rs 1.54 billion in Q1 FY26. EBITDA rose 22.2 per cent to Rs 443.7 million from Rs 363.1 million, while the EBITDA margin expanded by 147 basis points to 25.1 per cent from 23.6 per cent.PAT margin improved by 92 basis points to 10.8 per cent from 9.9 per cent in Q1 FY26. Diluted e..

RECPDCL Hands Vizag Transmission SPV to Adani Energy

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over Vizag Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), to Adani Energy Solutions Limited.Adani Energy Solutions emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL for the inter-state transmission project, Transmission System for Proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I). The project will be developed on a Build, Own, Operate and Transfer (BOOT)..

MAN Industries Joins QatarEnergy Preferred Manufacturers List

MAN Industries (India) Limited has recently secured approval for inclusion in QatarEnergy’s Preferred Manufacturers List (PML) for carbon steel Longitudinally Submerged Arc Welded (LSAW) pipes, coating and bends.The approval makes MAN Industries eligible to bid for large-diameter pipe requirements across QatarEnergy’s project pipeline. QatarEnergy is undertaking a multi-year capital expenditure programme covering exploration, production and infrastructure, including its LNG expansion projects.The PML approval provides MAN Industries with access to upcoming opportunities within QatarEnergy�..