Business conglomerate Godrej Industries Ltd on Tuesday reported an 81 per cent increase in consolidated net profit at Rs 322.49 crore for the April-June quarter of 2024, on higher income.
Its net profit stood at Rs 178.06 crore in the year-ago period.
Total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, from Rs 4,893.40 crore in the corresponding period of the previous year, according to a regulatory filing.
Godrej Industries has presence in chemicals, estate management (real estate), finance & investments.
On business performance of its subsidiaries, joint ventures and associate companies, Godrej Industries said the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at Rs 3,311 crore in the first quarter of this fiscal.
Godrej Properties' total Income grew to Rs 1,638 crore in April-June period of this fiscal, from Rs 1,315 crore in the year-ago period.
Godrej Agrovet's total income declined to Rs 2,360 crore in the period under ..

Godrej Industries has presence in chemicals, estate management (real estate), finance & investments

Press Trust of India

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024.
It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing.
The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter.
It was at Rs 1,118.61 crore in the year-ago period.
Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output."
"With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing

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State-owned NBCC Ltd, on behalf of the government, has sold 14 lakh sq ft commercial space in South Delhi for Rs 5,779 crore.
In a regulatory filing on Friday, NBCC informed that it has "successfully sold commercial built-up space of approx 14 lakh square feet area at Bharat Business Park, Sarojini Nagar, New Delhi, through an e-auction at a total sale value of approx. Rs 5,779 crore."
NBCC will get a marketing fee of one per cent of the sale value.
NBCC has been developing and selling commercial space in South Delhi on behalf of the government. The funds are used for the redevelopment of residential colonies.
Later in a statement, NBCC Ltd said that the e-auction had offered super built-up area of 23.44 lakh sq ft across 8 towers. The auction saw an overwhelming response from international/domestic MNCs, corporates and institutional buyers.
"The auction resulted in a total sale value of approximately Rs 5,779 crore, based on highest bid rates for super built-up area of approximat

NBCC

NBCC sells 14 lakh sq ft commercial space in South Delhi for Rs 5,779 crore via e-auction, boosting funds for govt-led redevelopment projects

JSW Steel board on Friday approved a proposal to sign agreements with South Korea-based POSCO Group to enter into a joint venture to set up a 6 million tonne steel project in India.
In an exchange filing, JSW Steel said the joint venture project is proposed to be set up in Odisha.
"Board of Directors has approved entering into a Share Subscription and Joint Venture Agreement, with POSCO Co., Ltd and POSCO- India Private Limited (together referred to as "POSCO Group") through which Saffron Resources Private Limited ("Saffron"), a wholly owned subsidiary of the Company would become a 50:50 Joint Venture between the Company and POSCO Group," JSW Steel said.
The proposed joint venture would set up a greenfield 6 MTPA integrated steel plant in Odisha, the company said.
Saffron possesses 887 acres of land in the state that may be used to set up the proposed plant.
JSW Steel said further to share subscription and joint venture agreement, the POSCO Group will subscribe to shares of Saffro

JSW Steel, JSW

The proposed joint venture would set up a greenfield 6 MTPA integrated steel plant in Odisha, the company said

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All In Capital invests $350,000 in Vasuki AI, marking first relocation under its Golden Ticket programme aimed at helping Indian AI startups access global capital and scale

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Funding will support product development, AI capabilities, and hiring as GobbleCube expands its presence across global digital marketplaces

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Max Healthcare plans to expand capacity to 6,500 beds by FY27 and boost medical tourism through overseas offices and new facilities, including a 400-bed tower in Delhi

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