Gateway Distriparks Net Profit Rockets Seven-Fold

04 Feb 2025 CW Team

Multimodal logistics operator Gateway Distriparks Ltd (GDL) reported a 606.2% year-on-year (YoY) jump in net profit at Rs 4.55 billion for the third quarter that ended December 31, 2024 over Rs 645 million in Q3 FY24. The profit after tax (PAT) included an exceptional income of Rs 3.9 million due to a fair valuation of equity on consolidation of Snowman Logistics Limited, which became a subsidiary on December 24, 2024. Revenue from operations increased 2.4% to Rs 4.02 million against Rs 3.91 million in the year-ago period. EBITDA dipped 5.9% to Rs 9.67 billion in the third quarter of this fiscal over Rs 1028 million in Q3 FY24. The EBITDA margin stood at 24% in the reporting quarter versus 26.2% YoY. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Infrastructure Energy

19 Sep 2025

Hind Rectifiers Buys French Firm To Boost Robotics And EMS

Hind Rectifiers Limited, a leading manufacturer of power semiconductors, power electronic equipment and railway transportation systems, has announced a strategic acquisition in Europe to strengthen its presence in the global robotics and electronics manufacturing services (EMS) markets.The company has acquired BeLink Solutions, a France-based robotics, EMS and electronics R&D company with 38 years of industry experience. The acquisition provides Hind Rectifiers with a European manufacturing hub, enhancing its global reach.Transaction DetailsThrough a proposed subsidiary, Hind Rectifiers ha..

LTTS Joins MIT Media Lab To Drive AI And Sustainable Tech

L&T Technology Services, a global provider of AI, digital and engineering consulting services, has announced a multi-year membership agreement with the MIT Media Lab, one of the world’s leading research institutions.As a consortium Lab Member, LTTS will collaborate on next-generation artificial intelligence (AI) developments, highlighting its commitment to advancing transformational innovation in mobility, sustainability and technology.Under the agreement, LTTS will participate in active exchanges of knowledge with the Media Lab’s cross-disciplinary ecosystem of researchers, innovators..

Maharashtra Approves Rs 9.31 Bn for Bhandara–Gadchiroli Expressway

The Maharashtra cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the revised design and funding of Rs 9.31 billion for the Bhandara–Gadchiroli controlled access expressway, a project expected to enhance connectivity across Vidarbha.The 94.2 km expressway, to be implemented by the Maharashtra State Road Development Corporation (MSRDC), will cut the Bhandara–Gadchiroli distance by 23 km and reduce travel time to 1.5 hours. Of the sanctioned funds, Rs 5.34 billion has been earmarked for project work and Rs 3.96 billion for interest, with land acquisition to begin shortly.The..