Business

Consolidated EBIDTA increased by 47% to INR 8,654 crore Consolidated PBT increased by 137% to INR 4,644 crore Incubating Businesses EBIDTA up by 85% to INR 5,233 crore Consolidated financial highlights H1 FY25 (YoY) Capital market transactions Business highlights Ahmedabad : Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and half year ended 30 September 2024. AEL’s constant endeavour on achieving operational efficiency across all business verticals along with incubating…

Delhi : The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the half year ended September 30, 2024.   Operational and Financial Highlights: Q2 FY25 vs Q2 FY24 (Standalone) –   Revenue from operations: ₹13,571 crore vs. ₹11,576 crore, up 17% –   Total income: ₹13,596 crore vs. ₹11,590 crore, up 17% –   Net interest income : ₹5,012 crore vs. ₹4,091 crore, up 22% –   Disbursements: ₹47,303 crore vs. ₹41,598 crore, up 14%. –  Disbursements in Renewable : ₹5,946 crore vs. ₹4,309 crore, up…

Volume growth of 15% YoY, at 9.3 MnT, Highest volume in Q2 series in the last 5 years Highest quarterly revenue of Rs. 4,614 Cr, up 4% YoY Operating EBITDA at Rs. 436 Cr, 9.5% margin Cash & Cash Equivalent at Rs. 2,921 Cr Net worth increased to Rs. 16,725 Cr Ahmedabad : ACC Ltd., the most trusted legacy cement brand, one of India’s largest cement and building materials company and part of the diversified Adani Group today announced sustainable financial…

Q2FY25 Volume up 15% YoY CNG network increases to 577 stations PNG household increased to 8.93 lakh homes 1,486 EV charging points spread across 21 states Commissioned First LNG Retail Station for transport vehicles Q2FY25 EBITDA stood at INR 313 Crs ATGL provides Digital Delight, with 98% consumer collections and engagement coming through My Adani Gas App integrated with its homegrown Digital Business Platform – SOUL ~93% of CNG sales are managed through SOUL platform Operational Highlights Q2FY25 (Standalone): Pan…

Highest-ever half-yearly operating EBITDA in H1‘25 at INR 1,232 crores, growth of 349% YoY Strong operating EBITDA of INR 612 crores in Q2 ’25, up 325% YoY Highest-ever half-yearly PAT in H1‘25 at INR 624 crores Strong double-digit YoY growth of 12% and 18% on volume and revenue respectively in Q2, leading to overall revenue of INR 14,460 crores Edible oil registered strong 21% YoY revenue growth, with underlying volume growth of 17% YoY Food & FMCG recorded revenue growth…

Steel Authority of India Limited (SAIL) has been awarded with SHRM – HR Excellence Awards for ‘Excellence in Inclusion, Equity & Diversity’ and ‘Excellence in Managing the Distributed Workforce’ categories at the prestigious SHRM India Annual Conference 2024 held in New Delhi, recently. The awards are a testimony to the pioneering HR practices and initiatives being undertaken across SAIL, at its various Plants and Units spread nationwide, for inclusive growth of workforce in the organization. The company regards its employees…

Competition Commission of India has approved the proposed acquisition of Aavas Financiers Limited by Aquilo House Pte. Ltd. Aavas Financiers Limited (Acquirer) is a newly incorporated entity, wholly and indirectly held by the Relevant CVC Funds which are certain investment funds or vehicles managed and/or advised by members of the CVC Network. The “CVC Network” or “CVC Group” is a global alternative investment manager focused on private equity, credit, secondaries and infrastructure, consisting of CVC Capital Partners plc. (CVC PLC)…

Awarded 5 GW solar PPA from MSEDCL providing major boost to contracted portfolio Entered C&I segment with signing of first agreement to power a datacenter Fully redeemed USD 750 mn Holdco bond leading to significant deleveraging Ahmedabad : Adani Green Energy Ltd (AGEL), India’s largest and fastest-growing pure-play renewable energy company, has announced financial results for the period ending 30 September 2024, showcasing significant growth and operational excellence. FINANCIAL PERFORMANCE – Q2 & H1 FY25: (Rs. in crore) Mr. Amit Singh,…

New Delhi– Power Finance Corporation (PFC), a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has signed a Memorandum of Understanding (MoU) with BEML Limited, a Schedule ‘A’ Public Sector Undertaking (PSU) under the Ministry of Defence. This partnership aims to enhance collaboration in the financing and development of key infrastructure projects. The MoU was signed at PFC’s corporate office in the presence of Smt. Parminder Chopra, CMD of PFC, and Shri Shantanu Roy,…

Keeping in view India’s vision of being a technology leader and leading the standards development process at global level, India’s candidates were elected in leadership positions in all 10 Study Groups(SG) of International Telecommunication Unions’ (ITU) Standardization Sector (ITU-T). While India retained Chair position in one group, it secured Vice-Chair positions in all other 9 Study Groups and the SCV Committee, thereby increasing its leadership positions in ITU-T from 7 in WTSA-2022 to 11 positions in WTSA-2024. India is currently…