Kamdhenu's Q4 profit up 56% to Rs 170 mn

09 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.

Infrastructure Transport

15 Oct 2025

AAI To Introduce Valet Parking At Chennai Airport

In a first for Indian airports, the Airports Authority of India (AAI) is planning to introduce valet parking services at Chennai International Airport, aimed at improving passenger convenience and easing traffic flow around the terminal. Since the inauguration of the multi-level car parking facility, passengers have expressed dissatisfaction with the long walk or buggy ride required to reach the second floor to board cabs. Many have found the queues and delays cumbersome, prompting AAI to explore more accessible options. Responding to this feedback, AAI has finalised plans for a second cab b..

CCI Clears Vedanta’s Acquisition Of Jaiprakash Associates

The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under a corporate insolvency resolution process (CIRP) governed by the Insolvency and Bankruptcy Code, 2016 (IBC). The proposed transaction involves Vedanta Limited, the acquirer, taking control of Jaiprakash Associates, which is currently undergoing insolvency proceedings. The CCI’s approval clears a key regulatory hurdle in the resolution process. Vedanta Limited, incorporated in India and listed on both the BSE and National Stock Exchange (NSE), is a subsidiar..

CCI Approves Capgemini’s Acquisition Of Cloud4C Services

The Competition Commission of India (CCI) has approved the acquisition of Cloud4C Services Pte. Ltd and Cloud4C Services Private Limited by Capgemini SE, marking another major consolidation in India’s information technology services sector. The proposed transaction involves Capgemini SE acquiring 100 per cent of the shares of Cloud4C Services Pte. Ltd (based in Singapore) and Cloud4C Services Private Limited (based in India). Together, the two entities are referred to as the Targets. Capgemini SE, listed on Euronext Paris, is the ultimate parent company of the Capgemini Group, a global lea..