It was a tentative week ahead of the August 01, tariff deadline, although the Indo-UK trade deal was a morale booster
WABAG will be in charge of designing and constructing the plants, as well as managing them for a decade after they’re commissioned.
The company’s revenue from operations climbed to ₹851.9 crore, showing a 33% increase over ₹640.3 crore reported in the first quarter of the previous fiscal.
The week also saw India’s forex reserves moderating again to ~ USD 695bn.
Against the previous quarter, the profit after tax (PAT) jumped 15% as compared to ₹2,416.64 Crore reported by the company in Q4FY25.
The deal spans five and a half years and involves the supply of regasification services for roughly 25.6 trillion British thermal units (TBTUs) of LNG annually.
EBITDA came in at ₹182.3 crore, an 88.9% increase over ₹96.5 crore recorded in the June 2024 quarter.
The acquisition will be done at a price of ₹15.60 Crore Israeli New Shekel, aggregating to ₹404 Crore (1 Israeli New Shekel is worth ₹25.89).
NIFTY sees continued selling pressure as it ends lower for the 4th consecutive week
SAIL reported EBITDA of ₹2,767 crore for the quarter, marking a 24.7% increase from ₹2,219 crore in the corresponding period last year.
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