PTC India Receives Shareholders' Approval for Energy Arm Divestment

03 Apr 2024 CW Team

PTC India has garnered the approval of its shareholders to proceed with the divestment of its entire stake in the energy arm. This decision underscores PTC India's strategic move to streamline its operations and focus on its core business areas.

The divestment of the energy arm signifies PTC India's commitment to optimising its portfolio and unlocking value for its stakeholders. By offloading its stake in the energy division, the company aims to reallocate resources towards initiatives that align with its long-term growth objectives.

The shareholders' nod for the divestment reflects their confidence in PTC India's strategic vision and their support for the company's efforts to enhance shareholder value. The move is expected to enable PTC India to strengthen its financial position and pursue new opportunities in the evolving energy landscape.

PTC India's decision to divest its energy arm comes amid a dynamic market environment and changing regulatory landscape in the power sector. By divesting non-core assets, the company aims to enhance its agility and competitiveness in the market while focusing on areas of strategic importance.

As PTC India proceeds with the divestment process, it remains committed to ensuring a smooth transition and maximising value for all stakeholders involved. The company will continue to explore opportunities to drive growth and innovation in its core business segments, positioning itself for sustainable success in the energy industry.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..