News Overview

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

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

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.