Mounting Costs
War in West Asia and the ensuing disruption of shipping through the Strait of Hormuz has impacted the entire world – and India is no exception. The country sources critical construction inputs like bitumen and LNG from the Gulf while rising global fuel prices, which have already driven up domestic wholesale diesel prices, bear adversely on logistics, a service with a wide impact on primary as well as secondary construction materials.“Volatility in global energy markets typically flows through to construction materials such as steel, cement and aluminium, as well as inputs like glass and ti..
MRPL Board Approves Results For Year Ended March 2026
The board of Mangalore Refinery and Petrochemicals Limited approved audited standalone and consolidated financial results for the fourth quarter and year ended 31 March 2026. The board meeting was held on 24 April 2026 and approved the accounts for the quarter and the financial year. The company reported revenue from operations for the quarter of Rs 284,930 million (mn). This compares with the prior period figures disclosed in the filing. Profit before tax for the quarter was Rs 12,350 mn, up from Rs 5,840 mn in the corresponding quarter of the previous year. Profit after tax for the quarter w..
Reliance Posts Record Annual Revenue And Profit For FY26
Reliance Industries reported record annual consolidated revenue of Rs 11,759.19 billion (bn) for the year ended 31 March 2026, reflecting an increase of nine point eight per cent year on year, and annual consolidated EBITDA of Rs 2,079.11 bn, up thirteen point four per cent. Annual profit after tax reached Rs 956.10 bn, rising eighteen point three per cent, and the board declared a dividend of Rs six per share. Quarterly consolidated gross revenue stood at Rs 3,252.90 bn while quarterly EBITDA was stable at Rs 485.88 bn, with capital expenditure for the year at Rs 1,442.71 bn as the group adva..

