Saint Gobain to build on construction momentum after a year record

27 Feb 2022 CW Team

Saint-Gobain had reported a full-year growth record and earnings with Celotex and Lapeyre brands citing momentum in American and Asian construction markets and its exposure to the European renovations.

The company told the media that it had witnessed an 18.4% year-on-year (YoY) organic revenue growth in 2021. It said it had increased prices in an attempt to offset the impact of inflation.

The company said that the price effect was positive at 6.7% for 2021, increasing steadily throughout the year and

standing at 9.5% in the second half (H2) and 10.3% in the fourth quarter (Q4). As power prices have constrained industrial production and higher bills to the consumers, the European Commission has called on EU states to use the €750 billion recovery fund to renovate buildings to cut power usage.

It will force all governments to move towards green energy, decarbonise the industry and insulate public and private buildings at full pace.

Chief Executive Officer of Saint-Gobain, Benoit Bazin, said that Brussels has estimated that 35 million buildings require renovation by 2030 as part of the region's 2050 carbon neutrality shift.

Saint-Gobain is a manufacturer and distributor in sectors ranging from automotive and food and beverages, reporting a 57.9% growth in operating income to €4.51 billion.

Image Source

Also read: Saint Gobain plans to triple revenue to Rs 30000 cr in 10 years

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..