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In August of this year, HG Infra Engineering was announced the lowest bidder (L1) for a road upgrade project in Gujarat.

The company's EBITDA margins also fell, to 13.9% from 15.6% a year ago, showing persistent challenges on operating efficiency and cost control.

The NFO is available for subscription from November 08 to November 22, 2024.

LIC's ownership of NSE-listed companies dropped from 3.64% in the previous quarter to an all-time low of 3.59%.

In the second quarter of this fiscal, EBITDA increased by 25.4% to ₹151.9 Crore from ₹121 Crore in the previous quarter.

Over the next three quarters, the fuel price is anticipated to progressively decline by 12% from Q2FY25 levels.

In the second quarter of this fiscal year, EBITDA increased by 16.4% to ₹1,385.7 Crore, up from ₹1,191 Crore in the same period last year.

Revenue from operations saw a notable growth of 12.3%, reaching ₹1,988.4 Crore, compared to ₹1,770 Crore YoY.

The PSU oil giant's revenue for Q2 was ₹33,881 Crore, down 4% from ₹35,266 Crore in the previous quarter.

The contract involves the supply of electronic assemblies to Lockheed Martin, with the full execution of the order to be completed within 12 months.