Indigo Paints reports 58.26% growth in Q1 FY24

08 Aug 2023 CW Team

Indigo Paints has announced a substantial 58.26 per cent growth in its net consolidated profit for the quarter ending on June 30, 2023. The company's profit after tax for Q1 FY24 reached Rs 315.1 million, marking a significant increase compared to the Rs 199.1 million recorded in the corresponding quarter of the previous fiscal year. These details were disclosed by the company in a filing with the Bombay Stock Exchange (BSE).

During Q1 FY24, Indigo Paints achieved a net consolidated total income of Rs 2.92 billion, reflecting an impressive growth of 30.19 per cent from the Rs 2.24 billion reported in the equivalent quarter of the previous year.

In April 2023, the company executed a share purchase agreement to secure a 51 per cent stake in Apple Chemie India (ACIPL) for Rs 293.3 million. Additionally, Indigo Paints has committed to a future acquisition strategy involving the remaining 49 per cent shares. This entails utilising call options within 38 months and a corresponding obligation to exercise a put option within 62 months. The monetary obligation associated with this acquisition as of the acquisition date is recorded as Rs 290.4 million.

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..