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

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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.

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.

Novelis' adjusted EBITDA of $462 million was down 5% due to lower metal benefits, an unfavourable product mix.

EBITDA decreased by 10.2% to ₹783.4 Crore in the second quarter of this fiscal year, from ₹872.4 Crore in Q2 of FY24.

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

The company's revenue from operations declined 12.5% to ₹2,038.2 Crore, compared to ₹2,329.3 Crore the previous year.

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

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