KEC International Profit Rises 34%

04 Feb 2025 CW Team

KEC International Ltd. reported a 34% year-on-year rise in net profit for the third quarter of this financial year, missing analysts' estimates. The civil construction company recorded a net profit of Rs 1.3 billion for the quarter ended December, compared to Rs 970 million in the same quarter of the previous fiscal, according to an exchange notification on Monday. This was below the Rs 1.62 billion estimate by analysts tracked by Bloomberg. Revenue increased 6.8% year-on-year for the three months ended December, reaching Rs 53.49 billion. Analysts had projected revenue of Rs 56.15 billion. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 22% year-on-year to Rs 3.74.5 billion. The Ebitda margin expanded to 7% from 6.1% in the same period the previous year. Analyst estimates for the Ebitda and Ebitda margin tracked by Bloomberg were Rs 3.99 billion and 7% respectively.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..