Godrej Properties reports net profit of Rs 17 cr in Q1 FY22

04 Aug 2021 CW Team

Realty firm Godrej Properties announced a consolidated net profit of Rs 17.01 crore for the first quarter of the financial year 2021-22.

In the corresponding quarter of the previous year, the company had posted a net loss of Rs 19.26 crore.

The total consolidated income of the company increased to Rs 261.99 crore in Q1 FY22, against Rs 195.66 crore in a similar period of the last year.

On July 29, 2021, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger of Godrej Landmark Redevelopers with Godrej Projects Development; however, the company has not received the final order till date, the company said in the regulatory filing.

In the regulatory filing Godrej Properties also informed that it is in the process of filing an appeal in the Supreme Court against the recent order of the National Green Tribunal (NGT) against the company and its joint venture company Wonder Projects Development' project Godrej Reflections located in Bengaluru.

The NGT had quashed the environmental clearance (EC) awarded to the project and had directed its demolition immediately. It also imposed a Rs 31 crore penalty on the project proponent and said the amount shall be utilised for demolition of the constructions, restoration of the region to the original position, rejuvenation, and reforestation of the Kaikondrahalli lake and its surrounding region.

Image Source

Also read: Sunteck Realty Q1 FY22 results: Net consolidated profit at Rs 3.08 cr

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..