Kamdhenu Ltd Sees 56% Profit Jump

07 May 2024 CW Team

Steel manufacturer Kamdhenu Ltd announced a significant 56% increase in net profit, reaching Rs 168 million in the March quarter, compared to Rs 108 million in the corresponding period last year, fueled by a surge in income. The company's total income surged to Rs 1.84 billion, up from Rs 1.68 billion in the January-March quarter of FY23.

However, total expenses also witnessed a rise, reaching Rs 1.61 billion from Rs 1.53 billion in the year-ago period.

In a move to reward shareholders, the board of directors has proposed a final dividend of Rs 2 per equity share of face value Rs 10 each for the fiscal year ending March 31, 2024.

Kamdhenu Ltd's CMD, Satish Kumar Agarwal, disclosed plans for raising Rs 1 billion through the issuance of convertible warrants on a preferential basis over the next 18 months. A fraction of this, Rs 242.7 billion, has already been secured.

Agarwal outlined the strategic utilization of the capital, aiming to revamp the franchisee business, invest in existing and new ventures in India or overseas, enhance manufacturing capabilities, and acquire new office spaces.

Speaking on the sector's outlook, Agarwal expressed optimism, citing significant growth prospects driven by the government's robust support for infrastructure projects, including initiatives like housing for all.

Part of the esteemed Kamdhenu Group, Kamdhenu Ltd stands as India's premier TMT manufacturer, with a widespread presence across more than 20 states.

Real Estate

29 Jun 2026

Omaxe to Invest Rs 62 Billion in Hospitality Expansion

Omaxe has announced the launch of a dedicated hospitality business vertical with plans to develop 19 hotels across five states over the next four to five years as part of its strategy to strengthen recurring revenues and expand its integrated development ecosystem.The real estate developer proposes to invest approximately Rs 62 billion, subject to regulatory approvals and market conditions, to develop nearly 5 million sq ft of hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.The proposed portfolio will be integrated with Omaxe's existing townsh..

Third Railway Line Between Tatanagar And Adityapur Likely By September

The third railway line between Tatanagar and Adityapur is expected to be commissioned by September as work on the corridor advances, according to railway sources. The project to add a fourth line on the busy route is progressing and has been allocated Rs 50.89 billion (bn) in funding. The allocation underscores the focus on increasing capacity and easing congestion on the corridor. Relevant timetables are being adjusted to integrate the new capacity into regular operations. Construction activity has involved track laying, formation work and signalling upgrades along strategic stretches, with m..

Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha

Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..