Somany Ceramics reports 104.01% growth in Q3 profits

06 Feb 2024 CW Team

During the quarter ending on December 30, 2023, Somany Ceramics recorded a significant growth of 104.01% in its net consolidated profit. The company reported a profit after tax of Rs 234 million in Q3 FY24, a substantial increase compared to the Rs 114.7 million registered in the corresponding quarter of the previous fiscal year, as disclosed in a filing with the BSE.

In terms of net consolidated total income, Somany Ceramics posted Rs 6149.5 million in Q3 FY24, marking a slight decrease of 1.85% from the Rs 6265.1 million reported in the same quarter the previous year.

Additionally, the board of directors sanctioned an investment of up to Rs 37.6 million in equity shares of a special purpose vehicle, either existing or to be incorporated by CleanMax Enviro Energy Solutions. This investment is in accordance with the provisions of the Electricity Act, 2003, and is intended for acquiring solar power from an energy-based captive generating plant located in Haryana.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..