Awfis Space Solutions posts net profit of Rs 27.8 Mn

14 Aug 2024 CW Team

Awfis Space Solutions, a flexible workspace solutions provider, has reported net consolidated profit after tax of Rs 27.8 million during the quarter ended June 30, 2024. The company's net consolidated total income stood at Rs 267.87 million in Q1 FY25, it said in a BSE filing. During the quarter ended June 30, 2024, the company has completed its initial public offer (IPO) of 15,639,638 equity shares of face value Rs 10 each at an issue price of Rs 383 per share. The issue comprised of 21.38% fresh issue aggregating to Rs 1,280 million and 78.62% offer for sale aggregating to Rs 4,709.3 million pursuant to IPO. The total offer expenses are estimated to be Rs 509.83 million (inclusive of taxes), out of the total estimated expenses Rs 400.22 million (inclusive of taxes) is to be borne by selling shareholders. As of June 30, 2024, the company has surpassed 100,000 operational seats and 169 operational centers. In Q1 FY25, it witnessed net addition of 5,368 seats and nine centers. It achieved an exit month occupancy rate of 71%, with 84% occupancy at centers with over 12 months vintage. It continues its focus on maintaining an asset-light and risk-averse managed aggregation (MA) model, with maintaining a 64% concentration of centers and 67% of seats in the MA model.

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..