Latest news with #GreenPro
Business Standard
3 days ago
- Business
- Business Standard
Shree TMT Recognized Among Top 10 Steel Bar & Wire Manufacturers by Industry Outlook
VMPL Hyderabad (Telangana) [India], August 9: Marking a significant milestone in its journey of excellence, Shree TMT, one of South India's leading steel brands, has been featured among the Top 10 Steel Bar & Wire Manufacturers - 2025 by Industry Outlook Magazine. The recognition reinforces Shree TMT's growing leadership in the Indian steel industry through innovation, sustainability, and engineering precision. With its roots in Hyderabad, Telangana, Shree TMT has earned a strong reputation as the best steel in Hyderabad, trusted by some of the region's biggest infrastructure players. Backed by over 50 years of steelmaking legacy from the Goenka family and operated under Devashree Ispat Pvt. Ltd., Shree TMT is shaping the future of modern India, one strong foundation at a time. Shaping India's Pride, Step by Step Over the years, Shree TMT has become a preferred steel brand for top construction companies including My Home Group, Aparna Constructions, and Jayabheri Projects. The brand's commitment to high-quality TMT bars has positioned it as the go-to choice for contractors, engineers, and developers across Telangana and beyond. The company manufactures Fe550 and Fe550D grade TMT bars, known for their superior tensile strength, earthquake resistance, and long-lasting performance. These bars are ideal for complex infrastructure projects and high-rise buildings. Moreover, Shree TMT is the only manufacturer in Telangana producing 36mm diameter TMT bars as per IS 1786:2008 standards - a critical requirement for large-scale structural foundations. One of the standout innovations from Shree TMT is the 3X rib-on-rib design, which increases the bonding strength between steel and cement by over 10%. This proprietary design ensures enhanced safety, durability, and load-bearing capacity for reinforced concrete structures - a true benchmark in quality. Driving Innovation with Responsibility At the heart of Shree TMT's operations is a state-of-the-art rolling mill, powered by Swiss-backed ABB PLC systems and CNC rib-cutting technology. This automation-first approach minimizes human error and ensures consistency in every bar manufactured. In addition to performance, sustainability is a core value at Shree TMT. The company is GreenPro certified by CII, acknowledging its commitment to green steel manufacturing practices. With NABL-accredited labs, BIS certification, and a focus on in-house billet production, Shree TMT ensures full quality control from raw material to final product. In a landmark move, Shree TMT has also been approved by the Telangana State Government as an official steel supplier for all public works - a rare and prestigious achievement for any regional steel brand. The Road Ahead Looking forward, Shree TMT is investing Rs. 200 crore in setting up a captive solar power plant and sponge iron unit in Bellary, strengthening its backward integration and reducing carbon footprint. These initiatives reaffirm the company's mission to lead the industry in sustainable steel production while maintaining affordability and excellence. "Being recognized among the top steel bar manufacturers is both a validation and motivation," said Karan Goenka, Director, Shree TMT. "We are committed to delivering high-quality, innovative, and sustainable steel that builds not just structures, but a stronger India."
Business Standard
01-08-2025
- Business
- Business Standard
Skipper surges on strong Q1 results; order book hits record high
Skipper soared 8% to Rs 524 after the company delivered a strong performance for the quarter ended 30 June 2025. In Q1 FY26, standalone net profit jumped 41% year-on-year to Rs 44.7 crore, while revenue grew 15% to Rs 1,253.9 crore, driven by robust execution in its engineering and polymer business segments. The momentum was fuelled by solid order wins, including high-voltage transmission contracts from PGCIL and a marquee design-to-delivery tower testing project from the Middle East. Skipper closed the quarter with its highest-ever order book at Rs 8,520.5 crore -- 90% domestic, 10% exports. Profit before tax rose 41% to Rs 59.8 crore, while EBITDA climbed 22% to Rs 127.2 crore. The EBITDA margin improved to 10.1% from 9.6% a year earlier. Management reaffirmed its 25% revenue CAGR guidance for FY26, on the back of robust pipeline. The company secured Rs 1,977.5 crore in fresh orders during the quarter, led by three critical 765 kV EPC projects in Rajasthan and Andhra Pradesh. Skipper also deepened its presence in the Middle East, enhancing execution visibility. On the operational front, the firm commissioned a 75,000 MTPA plant and is set to add another 75,000 MTPA shortly. It aims to ramp up capacity to 6 lakh MTPA by FY28. A full-scale digital transformation is in progress with the rollout of SAP S/4HANA RISE, a cloud-based ERP suite that streamlines operations and delivers real-time business insights. From an ESG perspective, Skipper installed bag filters and waste heat recovery systems, and secured GreenCo and GreenPro certifications, reinforcing its sustainability credentials. Sharan Bansal, director of Skipper, said: "FY26 has commenced on an exceptional note for Skipper, with the company delivering its highest-ever Q1 revenue of Rs 12,539 million and record quarterly EBITDA margins of 10.1%. This performance reflects the strength of our Engineering and Polymer businesses, underpinned by exceptional operational execution and customer focus. We continue to gain momentum in the EPC space with significant wins from PGCIL, including three prestigious 765 kV transmission line projects across Rajasthan and Andhra Pradesh. These projects further strengthen our leadership in the high-voltage segment. Our order inflow of Rs 19,775 million this quarter, along with the highest-ever closing order book of Rs 85,205 million, reaffirms our alignment with Indias infrastructure ambitions and our increasing global relevance." Bansal also added, "Our international business continues to scale new frontiers, marked by a landmark tower testing and design order from the Middle Easts largest utility, reflecting the growing acceptance of our in-house design capabilities among global utilities and strengthening our international positioning. With 75,000 MTPA of new capacity now fully operational, and an additional 75,000 MTPA expansion already underway, we are strategically positioned to reach our 6 lac MTPA capacity target by FY28, enabling us to meet rising domestic and export demand with agility." Skipper is one of the world's leading manufacturers for power transmission & distribution structures and a prominent manufacturer of telecom and railway structures. Skipper is also a significant player in polymer pipes & fittings industry.
Business Standard
24-04-2025
- Business
- Business Standard
SHREE TMT Steel Approved to Supply Telangana Government for All Public Projects
VMPL Hyderabad (Telangana) [India], April 24: Devashree Ispat Pvt. Ltd. is proud to announce that its flagship brand SHREE TMT--widely recognized as one of the best steel brands in Hyderabad and Telangana--has been officially approved for supply to all public works taken up by the Government of Telangana, including all ongoing and future infrastructure projects. This significant milestone was confirmed by the Irrigation & CAD Department, Government of Telangana, through a formal letter dated April 21, 2025. The approval follows a comprehensive evaluation by the Technical Committee and the Board of Chief Engineers (BOCEs). With its inclusion in the Schedule of Rates (SoR) 2025, SHREE TMT is now authorized for use in all government civil works across the state--further solidifying its reputation as a top steel supplier for public projects. Key Highlights of the Approval: * Minimum Production Capacity: SHREE TMT has a fully operational manufacturing facility in Telangana with an annual production capacity exceeding 2 lakh MT--reinforcing its place among the leading steel manufacturers in South India. * Certified Quality Standards: The company holds valid BIS licenses for IS 1786:2008 (TMT Re-bars), IS 432, IS 2062, IS 2830:1992 (Billets), and certifications for ISO 9001, ISO 14001, and OHSAS 45001--hallmarks of the best TMT steel bars in Telangana. * GreenPro Certified Steel: SHREE TMT is GreenPro certified by CII, a mark of eco-friendly manufacturing and sustainable product design. This certification strengthens its position as the best green steel choice in Telangana for responsible construction. * Advanced Quality Control: SHREE TMT maintains a fully equipped in-house lab accredited by NABL, to rigorously test each batch of steel as per the latest BIS codes--ensuring superior quality control and batch-wise consistency. This government approval reflects Devashree Ispat's unwavering commitment to quality, sustainability, and innovation in infrastructure development across Telangana. As an empanelled steel manufacturer, SHREE TMT products can now be freely chosen by contractors and agencies engaged in state-funded public works, reinforcing its image as the best steel for construction in Telangana. Quotes and Commentary Prakash Goenka Managing Directors of Devashree Ispat Pvt. Ltd., shared: "We are honoured by this recognition from the Government of Telangana. It's a proud moment for the entire SHREE TMT family. This milestone reflects our legacy of excellence and commitment to quality. SHREE TMT stands for strength, trust, and technology--and we are ready to help build Telangana's future with the best quality steel." About Devashree Ispat Pvt. Ltd. Based in Hyderabad, Devashree Ispat Pvt. Ltd. was established in 1966 by the Goenka family. With over five decades of experience, it has emerged as a trusted name in the Indian steel industry, known for manufacturing high-tensile, premium-quality steel under the SHREE TMT brand. SHREE TMT's innovative 3X ribbed bars offer superior grip, strength, and flexibility, making them ideal for earthquake-resistant and long-lasting structures. With better bonding, corrosion resistance, and a low-maintenance lifecycle, SHREE TMT continues to set benchmarks in both real estate and infrastructure sectors. Driven by the motto "Building Dreams, Fortifying Foundations," SHREE TMT is shaping the future of construction with the best steel in Hyderabad and the most trusted TMT bars in Telangana--now backed by GreenPro certification for environmental responsibility. For more information, please contact: * Devashree Ispat Pvt. Ltd., Jubilee Hills, Hyderabad * Website: * Phone: +91 9949135000 (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same) Disclaimer: No Business Standard Journalist was involved in creation of this content
