Veerhealth Care has purchased of27,45 1 Sq. Ft. of additional land adjacent to its Vapi, Gujarat facility. This expansion will enable the company to set up new manufacturing and filling lines to meet growing export & local demands of company's product and integrate plastic blow molding and injection capabilities.
Metro Brands has entered into a long-term exclusive Distribution Agreement with New Era Cap Company (New Era) for distribution and sale of New Era’s Products viz, Caps, Hats, Visors, Apparel, Accessories and all other headwear in India through Kiosks, brick and mortar stores and other channels of trade. The Agreement has multiple dates and gates for renewal.
Blue Star has reported 2- fold jump in its consolidated net profit at Rs 168.76 crore for the quarter ended June 30, 2024 as compared to Rs 83.37 crore for the same quarter in the previous year. Total income of the company increased by 29.24% at Rs 2889.14 crore for Q1FY25 as compared to Rs 2235.40 crore for the corresponding quarter previous year.
Dee Development Engineers has bagged a Purchase Order from the Linde, Kolkata for Supply of Prefabricated Piping Spools. Broad consideration or size of the order is Rs 1.35 crore. The said order is expected to be executed between August 2024 to November 2024.
Crompton Greaves Consumer Electricals has launched a new product ‘Soniva’ in Solar High Mast category. The said product has been launched on August 6, 2024 and will cater to domestic market. Earlier, the company had launched a new product ‘Rapidjet Plus’ in Storage Water Heater category.
Gujarat Toolroom’s Dubai subsidiary -- GTL Gems DMCC has secured a substantial impex order valued at AED 50 million, around Rs 1.14 billion. This order, with an anticipated profit margin ranging from 5% to 7.5%, underscores its subsidiary's strong position in the international market and its growing operational capacity. Furthermore, GTL Gems DMCC is poised to receive additional orders exceeding AED 100 million (approximately Rs 2.28 billion) in the forthcoming quarters. This anticipated influx of orders highlights the subsidiary's expanding market presence and potential for significant revenue growth.
Tata Power has reported results for first quarter ended June 30, 2024 (Q1FY25). The company has reported 65.10% rise in net profit at Rs 737.04 crore for Q1FY25 as compared to Rs 446.41 crore for the same quarter in the previous year. Total income of the company increased by 16.03% at Rs 6539.09 crore for Q1FY25 as compared to Rs 5635.67 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 4.18% rise in its net profit at Rs 1188.63 crore for the quarter ended June 30, 2024 as compared to Rs 1140.97 crore for the same quarter in the previous year. Total income of the company increased by 13.28% at Rs 17540.98 crore for Q1FY25 as compared to Rs 15484.71 crore for the corresponding quarter previous year.
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