GMM Pfaudler Bags Rs 3 Bn European Defence Contract

24 Jun 2025 CW Team

Process equipment manufacturer GMM Pfaudler announced that its wholly owned German subsidiary, Pfaudler Normag Systems GmbH, has secured an international order worth EUR 33.2 million (approximately Rs 3 billion). The contract was awarded by a European manufacturer engaged in light and medium weapons, ammunition, and tool production for both defence and civilian use.

According to the stock exchange filing on June 19, the four-year contract covers the design, engineering, and supply of complete end-to-end acid recovery equipment and systems. Pfaudler Normag will receive an upfront payment of 30 per cent upon signing the agreement. The identity of the client remains undisclosed due to confidentiality clauses.

GMM Pfaudler expects the project to contribute significantly to revenue over its execution period.

Financially, GMM Pfaudler reported a net loss of Rs 270 million for the January–March quarter, compared to a net profit of Rs 276 million in the same period last year. The loss excludes one-off closure-related costs totalling Rs 477 million, including severance payouts, inventory write-offs, and asset impairments. Total exceptional costs stood at Rs 430 million for Q4 FY25 and Rs 504 million for the full year.

Revenue from operations rose by 8.9 per cent year-on-year to Rs 8.07 billion, up from Rs 7.41 billion in the previous year’s fourth quarter. However, EBITDA fell by 57.5 per cent to Rs 833 million, with margins narrowing to 10.3 per cent from 12.1 per cent year-on-year.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..