Kamdhenu Q4 profit up 56% to Rs 170 mn; company raising Rs 1 bn

08 May 2024 CW Team

Kamdhenu, a steel maker, announced that its net profit had increased by 56 percent to Rs 160.8 million in the March quarter, compared to Rs 100.8 million in the previous year's corresponding period. This rise was attributed to increased income. The total income for the period increased from Rs 1.68 billion to Rs 1.84 billion, as observed from January to March quarter of FY23.

Similarly, the company's total expenses also rose, reaching Rs 1.61 billion, up from Rs 1.53 billion in the same period last year.

The board of directors suggested a final dividend of Rs 2 per equity share with a face value of Rs 10 each for the fiscal year ending on March 31, 2024.

In a separate statement, Kamdhenu CMD, Satish Kumar Agarwal, stated that the company intends to raise Rs 1 billion through the issuance of convertible warrants on a preferential basis over the next 18 months. Currently, they have received Rs 240.27 billion out of this amount.

Agarwal explained, "Through the capital raise, the company intends to re-model the franchisee business by strategically acquiring stakes in certain franchisee units, invest in both existing and new business ventures in India or abroad to diversify, allocate funds for capital expenditure in the existing manufacturing unit, and/or acquire and establish new office premises."

Regarding the sector's outlook, Agarwal expressed optimism, stating that the sector is anticipated to continue witnessing significant growth opportunities due to the government's robust support for infrastructure projects, including initiatives like housing for all.

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..