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 Energy

03 Nov 2025

GREW Solar Launches High-Power G12R Series

GREW Solar, one of India’s fastest-growing solar PV manufacturers, has launched its G12R High-Power Series ahead of REI Expo 2025, aligning with India’s renewable energy vision of 500 GW capacity by 2030. The launch comes amid record solar and wind generation in the first half of 2025, which cut nearly 24 million tonnes of emissions. The G12R High-Power Series, delivering up to 635 Wp, is designed for large-scale solar projects, cutting total module count by 6–8% per MW and reducing balance-of-system costs. It offers 6–7% higher container power density and 1.5–3% more power per ..

Godrej LAS Opens Mysore Experience Centre

Locks & Architectural Solutions (LAS), a business of Godrej Enterprises Group (GEG), has inaugurated a new Experience Centre in Mysore to strengthen its presence in Karnataka—one of its top three markets in India. The centre aims to provide homeowners, developers, and institutional clients a hands-on experience with Godrej’s latest range of mechanical and digital locks that combine safety, design, and sustainability. With Karnataka’s organised locks market growing at 6–7 per cent CAGR, LAS expects over 33 per cent growth in the next two years, driven by rising adoption of conn..

Hindustan Zinc Boosts Mining Efficiency with IIoT Fleet Intelligence

Hindustan Zinc, India’s largest integrated zinc producer and among the top five global silver producers, has advanced its smart mining strategy through an Industrial Internet of Things (IIoT)-powered fleet intelligence system. The initiative benchmarks the reliability and energy performance of Heavy Earth Moving Machinery (HEMM) to deliver real-time insights on uptime, reliability trends, and energy consumption. Over FY24–FY26, the system has achieved measurable improvements across key equipment categories — with Jumbo drilling machines recording a 28 per cent increase in uptime, Load H..