KONE's Q1 Operating Profit Soars

29 Apr 2024 CW Team

The impressive growth in operating profit reflects KONE's continued focus on innovation, customer-centric solutions, and operational excellence. Despite the ongoing economic uncertainties and disruptions caused by the global pandemic, KONE has demonstrated resilience and agility in navigating the evolving landscape of the industry.

Key factors contributing to KONE's stellar performance in Q1 include its strategic investments in digitalization, sustainable technologies, and service enhancements. By leveraging advanced technologies and data-driven insights, KONE has been able to enhance the reliability, safety, and efficiency of its products and services, thereby driving customer satisfaction and loyalty.

Furthermore, KONE's commitment to sustainability has been a key differentiator, resonating with environmentally conscious customers and stakeholders. The company's focus on eco-efficient solutions, energy-saving technologies, and carbon footprint reduction initiatives align with the growing demand for sustainable urban mobility solutions worldwide.

In addition to financial growth, KONE has also made significant strides in expanding its global footprint and strengthening its market position. With a strong presence in over 60 countries, KONE continues to capitalize on emerging opportunities in both established and emerging markets, driving long-term value creation for its shareholders and stakeholders.

Looking ahead, KONE remains optimistic about its prospects for the remainder of 2024 and beyond. The company remains committed to driving innovation, delivering exceptional customer experiences, and contributing to the sustainable development of urban infrastructure worldwide.

KONE, a leading global provider of elevators, escalators, and related services, has reported a significant increase in its operating profit for the first quarter of 2024. According to the latest financial report released by the company, KONE's operating profit surged by 10.1% to reach a staggering ?280 million, showcasing robust performance and strong operational efficiency amidst challenging market conditions. The impressive growth in operating profit reflects KONE's continued focus on innovation, customer-centric solutions, and operational excellence. Despite the ongoing economic uncertainties and disruptions caused by the global pandemic, KONE has demonstrated resilience and agility in navigating the evolving landscape of the industry. Key factors contributing to KONE's stellar performance in Q1 include its strategic investments in digitalization, sustainable technologies, and service enhancements. By leveraging advanced technologies and data-driven insights, KONE has been able to enhance the reliability, safety, and efficiency of its products and services, thereby driving customer satisfaction and loyalty. Furthermore, KONE's commitment to sustainability has been a key differentiator, resonating with environmentally conscious customers and stakeholders. The company's focus on eco-efficient solutions, energy-saving technologies, and carbon footprint reduction initiatives align with the growing demand for sustainable urban mobility solutions worldwide. In addition to financial growth, KONE has also made significant strides in expanding its global footprint and strengthening its market position. With a strong presence in over 60 countries, KONE continues to capitalize on emerging opportunities in both established and emerging markets, driving long-term value creation for its shareholders and stakeholders. Looking ahead, KONE remains optimistic about its prospects for the remainder of 2024 and beyond. The company remains committed to driving innovation, delivering exceptional customer experiences, and contributing to the sustainable development of urban infrastructure worldwide.

Infrastructure Urban

29 Aug 2025

NBCC to Develop Rs 37 Billion Mixed-Use Hub in Rajasthan

State-owned NBCC Ltd has secured a major contract to design, build, and market a 95-acre mixed-use real estate development in Rajasthan, with a projected investment of approximately Rs 37 billion.In a regulatory filing made on Monday, NBCC stated that it has been appointed as the lead agency for the integrated project, which will include the Rajasthan Mandapam Convention Centre, a Global Capability Centre (GCC) Tower, an IT Tower, luxury hotels, and new commercial and residential infrastructure.The development will take place on a 95-acre land parcel allotted by the Rajasthan State Industrial ..

Infrastructure Urban

29 Aug 2025

Maharashtra to Transform 3,500 Villages into Smart Hubs by 2030

Maharashtra has announced an ambitious plan to develop 3,500 "Smart and Intelligent Villages" by 2030, aligning with its Viksit Maharashtra 2047 and trillion-dollar economy goals. The initiative will introduce advanced technology-driven services in agriculture, education, healthcare, and banking, setting a model for rural transformation across India.Chief Minister Devendra Fadnavis launched the Satanwari Smart and Intelligent Village project in Nagpur district on Sunday, developed in collaboration with the state government, Nagpur District Administration, and Voice of Indian Communication Tech..

Infrastructure Transport

29 Aug 2025

GRSE Strengthens Shipbuilding Momentum, Frontrunner for Rs 250-Bn Corvette Order

Garden Reach Shipbuilders & Engineers (GRSE) expects robust growth in its shipbuilding business, supported by defence procurement plans and government initiatives to promote indigenous shipbuilding.“Despite competition from global and Indian yards, GRSE continues to maintain healthy growth momentum and is actively pursuing opportunities in both domestic and export markets,” the management said in its FY25 annual report.The Kolkata-based defence PSU, which delivered its 110th warship — Survey Vessel Large INS Nirdeshak — to the Indian Navy in October 2024, has emerged as the lowest ..