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 Urban

27 Oct 2025

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..