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

01 Sep 2025

Pidilite PPS Sets New Standards in Hospitality Construction

In the fast-paced world of hospitality, where every surface tells a story and every detail impacts the guest experience, Pidilite Professional Solutions (PPS) is emerging as a trusted partner for performance-driven construction. Built on Pidilite’s legacy of customer-centric innovation, PPS offers tailored solutions that go far beyond materials—delivering expertise, accountability, and assurance from design to execution.PPS is a natural extension of how Pidilite has always worked—through deep insight into customer needs and by designing fit-for-purpose solutions. Pidilite’s brands..

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..