Author: AU News Bureau
Power Mech Projects said it has bagged an order worth Rs 563 crore from state-owned BHEL(Bharat Heavy Electricals Limited) to construct a nuclear power plant. The Power Mech Projects Ltd has secured its first construction project in the critical nuclear power sector, the company said in a regulatory filing. According to the filing, the company has been awarded a significant order valued at Rs 563.23 crore from BHEL. Power Sector Southern Region for Civil, Structural, and Architectural works of turbine island package of 2×700 MWe, pressurized heavy-water reactor, Kaiga Atomic Power Project (units 5 and 6) in Uttar Kannada district,…
Net profit of Murudeshwar Ceramics declined 55.34% to Rs 1.17 crore in the quarter ended March 2024 as against Rs 2.62 crore during the previous quarter ended March 2023. Sales declined 9.61% to Rs 51.66 crore in the quarter ended March 2024 as against Rs 57.15 crore during the previous quarter ended March 2023. For the full year,net profit declined 23.62% to Rs 5.24 crore in the year ended March 2024 as against Rs 6.86 crore during the previous year ended March 2023. Sales rose 8.06% to Rs 186.31 crore in the year ended March 2024 as against Rs 172.41…
Wooden Street, India’s leading furniture retailer, is commemorating its 9th anniversary this May with a special sale and discounts for customers. The 9YearsofDeliveringHappiness campaign celebrates the company’s journey since its founding in 2015. Starting as a single store, Wooden Street has seen a tremendous growth process, being now represented by 97 stores in India. The company has also set up three manufacturing plants situated in Jodhpur, Jaipur as well as Udaipur occupying 15 lakh sq. ft. of space. Currently, Wooden Street has more than 20 warehouses; therefore, its delivery capabilities stand committed. To express gratitude to its loyal customers, Wooden…
A 16-storey hotel designed by BVN has been approved for development in Sydneyโs Haymarket, following the submission of a revised application. The newly approved proposal for the 136 Hay Street site expands on an earlier approved application from 2017 that was modified and resubmitted to the City of Sydney in 2023. The $104-million high-rise will accommodate 318 hotel suites, retail tenancies, a sky lobby, a supermarket and basement car parking. The building will take shape as a sloped tower atop a masonry podium with a terrace creating a gap between. A glass and brick awning that connects the tower and…
Saint-Gobain Gyproc India has announced the expansion of its collaboration with Pratham Foundation, establishing a third training institute in Latur, Maharashtra. As the industry partner, Saint-Gobain aims to empower individuals from the South-east region of Maharashtra by providing them with industry-relevant skills in the Drywall and False-Ceiling trades. The training will be offered free of cost, ensuring that candidates from all socio-economic backgrounds can enhance their skills and improve their employment prospects. Participants will also receive placement assistance upon completing the program. This initiative marks Gyproc’s eighth training center collaboration and the third with Pratham Foundations, focusing on addressing the…
The Hansgrohe Group, a leading German manufacturer of bathroom and kitchen fitting products, has introduced its latest innovative technology – the Textile Shower Hose under its AXOR brand, a first of its kind in the market. According to the release, the AXOR Textile Hose is made from recycled PET yarn, offering a highly resistant and long-lasting sustainable alternative to traditional metal hoses. It incorporates an innovative water-proof and repellent system that ensures superior hygiene standards while allowing for effortless cleaning and low-maintenance upkeep. This ingenious design delivers both exceptional functionality and an indulgent, spa-like ambiance when taking a shower. As…
Asian Paints said that its Singapore wholly owned subsidiary, Asian Paints International (APIPL) entered into a share purchase agreement with SCIB Chemicals S.A.E., Egypt (SCIB) to acquire 24.3% stake from minority shareholders of SCIB. SCIB Chemicals S.A.E., Egypt (SCIB) is a subsidiary of APIPL and SCIB. SCIB is, inter alia, engaged in the manufacturing, sale, and distribution of paints and related products. Turnover for 2023-2024 was Rs 433.95 crore. The acquisition of stake from certain minority shareholders shall allow greater shareholding representation to APIPL in SCIB and provide an exit to the minority shareholders. APIPL will acquire 437,352 shares for…
Aparna Constructions and Estates Private Limited has announced its foray into the retail-commercial and entertainment segments with the launch of Aparna Neo Mall and Aparna Cinemas in Hyderabad recently. Located in the Nallagandla region, Aparna Neo is spread across 3.67 acres with an expanse of 3.5 Lakh square feet and is the only mall within the 8 km radius. Aparna Constructions has made a strategic investment of Rs 252 crore in Aparna Neo and an additional investment of Rs 32 crore in Aparna Cinemas. โHyderabad is poised to emerge as the 4th fastest growing city. This rapid urbanization is fuelling…
