Shakti Pumps (India), IOC and Amara Raja Energy & Mobility to see some action today

12 Aug 2024 Evaluate

Shakti Pumps (India) has received its first order from the state of Uttarakhand. Minor Irrigation Department, Uttarakhand has given Letter of Award (LoA) for 200 Nos. of Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Uttarakhand under Component-B of PMKUSUM scheme. The total amount of the order value is for around Rs 8.50 crore (inclusive of GST).

Indian Oil Corporation (IOC) is planning to raise oil refining capacity by 25% to meet rising energy needs of India, the world's fastest growing economy. The firm, which has nine refineries to convert crude oil into fuels like petrol and diesel, 20,000 kilometers of pipelines to transport oil and fuel, 99 LPG bottling plants, 129 aviation fuel stations and over 61,000 customer touchpoints like petrol pumps and LPG agencies, is aiming to meet one-eighth of India's energy needs by 2050.

Amara Raja Energy & Mobility’s (ARE&M) wholly owned subsidiary -- Amara Raja Advanced Cell Technologies (ARACT) has inaugurated Customer Qualification Plant (CQP) for cell manufacturing at Divitipally, Mahabubnagar district.

Vishnu Prakash R Punglia has received Letter of Acceptance (LoA) from the Office of WDFC Field Unit-Jaipur-Civil. The LoA pertains to the project titled ‘Providing additional connectivity from CMLK (CONCOR Siding at Khatuwas) at REJN end under jurisdiction of CGM/JP of WDFC.

Mazagon Dock Shipbuilders (MDL) has received a Notification of Award of Contract from Oil and Natural Gas Corporation (ONGC) for Wellhead Platforms and Associated Pipeline Project (DSF-II) on EPC reimbursable basis (OBE) at the ceiling price of Rs 4676.33 crore including all taxes and duties (GST at 12%). The said order is expected to be completed by May 31, 2026.

PNC Infratech has reported results for first quarter ended June 30, 2024 (Q1FY25). The company has reported over 2-fold jump in net profit at Rs 421.09 crore for Q1FY25 as compared to Rs 156.59 crore for the same quarter in the previous year. However, total income of the company decreased by 6.21% at Rs 1753.05 crore for Q1FY25 as compared to Rs 1869.20 crore for the corresponding quarter previous year. On consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 575.17 crore for the quarter ended June 30, 2024 as compared to Rs 180.62 crore for the same quarter in the previous year. Total income of the company increased by 4.08% at Rs 2197.82 crore for Q1FY25 as compared to Rs 2111.72 crore for the corresponding quarter previous year.

Supriya Lifescience has reported results for first quarter ended June 30, 2024 (Q1FY25). The company has reported 56.58% rise in its net profit of Rs 44.64 crore for Q1FY25 as compared to Rs 28.51 crore for the same quarter in the previous year. Total income of the company increased by 20.68% at Rs 162.85 crore for Q1FY25 as compared to Rs 134.94 crore for the corresponding quarter previous year.

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