AU Small Finance Bank's pre-provisioning operating profit (PPoP) increased by 81% year on year to ₹988 Crore, up from ₹546 Crore in Q1 FY24.
The order includes the engineering, design, procurement, building, testing, and commissioning of a 500 x 2 (1,000 MWhr) stand-alone BESS plant in Rajasthan
Currently, the company's operating capacity is 11.2 gigawatts (GW), of which over two thirds are derived from solar energy.
The net profit for the period climbed by 28.8% to ₹851.5 Crore. The margin increased by almost 100 basis points to 8.5% from 7.35%.
As of June 30, 2024, distribution assets under management (AUM) increased by 42% year on year to ₹26,171 Crore.
Radhakishan Damani's firm Derive Trading sold a portion of its ownership in tobacco company VST Industries in bulk transactions on Wednesday.
In May, Mankind's board approved an equity fund raising of ₹7,500 Crore and raised borrowing restrictions to ₹12,500 Crore.
The Mizoram project will include eight 300-MW units, having an annual energy generation capacity of 4,993.2 million units.
DLF saw a 214% year-on-year increase in new sales bookings to ₹6,404 Crore. The company achieved a solid operating cash flow of ₹1,849 Crore.
According to the report, the state-owned refiner plans to sell at least one 40,000-60,000 tonne cargo every month from September to February
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