News Overview

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

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

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

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

With this new agreement, Awfis, which already runs a coworking space in the building, adds two more locations to its footprint.

According to officials, the fire was extinguished following a number of fire tenders dispatched from neighbouring cities and towns.

Earnings before interest, tax, depreciation, and amortisation increased 49% year over year to ₹9,100 crore from ₹6,096 crore

Under its renewable energy effort, this will be the company's largest investment outside of Gujarat.