Agarwal Industrial Q1 Profit Falls 67 Per Cent
Agarwal Industrial Corporation Limited (AICL), a leading manufacturer and trader of bitumen and allied products, has reported a sharp decline in earnings for the first quarter of FY26, with profit after tax falling 67 per cent year-on-year.For the quarter ended 30 June 2025, consolidated revenue stood at Rs 5.95 billion compared with Rs 7.09 billion in Q1 FY25, marking a 16 per cent decline. EBITDA dropped 39 per cent to Rs 380 million, while profit after tax fell to Rs 130 million from Rs 390 million a year earlier. Margins contracted, with EBITDA at 6.4 per cent against 8.7 per cent and net ..
Vikas Ecotech Bags Rs 34 Million Order From Olectra
Vikas Ecotech Limited has secured a bulk order worth Rs 34.22 million from Olectra Greentech Limited, a leading player in India’s electric mobility and green energy sector. The order involves the supply of fire-retardant materials, specifically Aluminium Trihydrate (ATH).Execution of the order will be completed in the upcoming quarter, reinforcing Vikas Ecotech’s operational reliability and strong supply chain capabilities. The company said this order reflects growing confidence in its product performance, technical consistency, and commitment to delivering sustainable, safety-driven speci..
IRFC Funds Surat Multi-Modal Transport Hub
Indian Railway Finance Corporation (IRFC) has sanctioned a fresh term loan facility of Rs 2 billion to Surat Integrated Transportation Development Corporation Limited (SITCO) for the development of India’s first Multi-Modal Transport Hub (MMTH) at Surat.The loan agreement was signed in New Delhi between senior officials of SITCO and IRFC, marking a significant milestone in advancing one of India’s most ambitious transport infrastructure projects.IRFC, established in 1986 as the dedicated financing arm of the Ministry of Railways, recently attained Navratna status. With a zero-NPA record, i..
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