Latest news with #HPPC
Business Standard
21-07-2025
- Business
- Business Standard
Rossari Biotech tumbles after Q1 PAT slides 4% YoY to Rs 34 cr
Rossari Biotech dropped 5.58% to Rs 701.35 after the company's consolidated net profit slipped 3.72% to Rs 33.60 crore in Q1 FY26 as against Rs 34.90 crore posted in Q1 FY25. However, revenue from operations jumped 11.04% to Rs 543.72 crore in the first quarter of FY26 as against Rs 489.65 crore posted in the corresponding quarter last year. Profit before tax stood at Rs 46.10 crore in the quarter ended 30 June 2025, down 1.89% as against Rs 46.99 crore recorded in Q1 FY25. Total expenses rose 12.50% to Rs 499.33 crore during the quarter. The cost of material consumed stood at Rs 334.40 crore (up 17.73% YoY), employee benefit expenses stood at Rs 37.46 crore (up 31.07%) and finance costs were at Rs 5.72 crore (up 55.43% YoY) during the period under review. EBITDA improved by 4.6% to Rs 67.9 crore in the quarter ended 30 June 2025 as compared to Rs 64.9 crore posted in the same quarter the previous year. EBITDA margin reduced to 12.5% in Q1 FY26 as against 13.3% recorded in Q1 FY25. Commenting on the performance, in a joint statement, Edward Menezes, promoter & executive chairman, and Sunil Chari, promoter & managing director, said, We delivered a steady performance in Q1 FY26, with topline growth driven by strong momentum in our HPPC and AHN segments. Despite a challenging and evolving operating environment, our core businesses continued to demonstrate resilience. Though our export business was lower compared to the last quarter, it has shown healthy growth over the last year. While overall growth remained healthy, we are confident that our continued efficiency initiatives and focused efforts on optimising the product mix will continue to drive growth over the coming quarters The HPPC and AHN divisions achieved a healthy growth of 16% and 12%, respectively, reflecting the dedicated efforts of our team in a challenging operating environment. We continue to expand our customer base, which is significantly contributing to our growth story. The HPPC segment remained the primary growth driver, supported by deeper market penetration and traction across agrochemicals, personal care, institutional and consumer business. Our ongoing capacity expansion projects across verticals are progressing in a phased manner, with commissioning scheduled over the coming quarters. These strategic investments are aimed at enhancing manufacturing capabilities, improve supply chain agility, and strengthen our responsiveness to high-growth sectors such as personal care, agrochemicals, oil & gas and pharma. We believe these expansions will play a pivotal role in unlocking meaningful value and driving the next phase of our growth journey. Looking ahead, we remain committed to execution excellence, customer-led innovation, and sustainable value creation. Supported by a robust balance sheet, a strong R&D foundation, and our ongoing capacity expansion initiatives, we are well-positioned to navigate near-term challenges and deliver consistent, profitable growth for all stakeholders. Rossari Biotech is a specialty-chemicals manufacturer providing intelligent and sustainable solutions for customers across industries. Headquartered in Mumbai, India, the company operates strategically located manufacturing facilities at Silvassa and Dahej. The company offers tailor-made solutions for Home, Personal Care and Performance Chemicals (HPPC); Textile Specialty Chemicals; and Animal Health and Nutrition (AHN). With differentiated product offerings, Rossari caters to an array of applications across FMCG, home care, industrial cleaning, personal care, textile specialty chemicals, performance chemicals, animal health and nutrition, and pet care businesses. The company has an extensive and dedicated network of distributors spread all over India.
Malaysian Reserve
17-07-2025
- Business
- Malaysian Reserve
Envision Energy Partners with FERA Australia to Advance 1GW Wind and 1.5GWh Energy Storage in Australia
MELBOURNE, Australia, July 16, 2025 /PRNewswire/ — Envision Energy, a global leader in smart renewable energy solutions, and FERA Australia, a dedicated Australian renewable energy developer, today announced an agreement to collaborate on the delivery of large-scale hybrid renewable energy projects across Australia's National Electricity Market (NEM). The agreement, signed during the Australia Energy Wind Conference in Melbourne, marks the first initiative of its kind in Australia, establishing a framework to develop projects with the potential to deliver up to 1 GW of wind generation capacity and 1.5 GWh of battery energy storage. This milestone reflects growing confidence in Envision's integrated technology platform, which combines advanced wind turbines, next-generation containerized battery systems, grid-forming power conversion systems (PCS), and the company's proprietary Hybrid Power Plant Controller (HPPC). 'This collaboration represents a major step forward in demonstrating how hybrid wind and storage solutions can unlock new possibilities for Australia's energy future,' said Kane Xu, SVP and President of International Product Line of Envision Energy. 'We are honored by the trust FERA Australia has placed in our technical capabilities across wind, storage, and grid integration, and we look forward to delivering projects that set new benchmarks for clean, flexible power.' 'Partnering with Envision Energy marks an exciting milestone in our pursuit of large-scale renewable projects in Australia. Integrating wind power and energy storage in a hybrid project, will constitute an excellent model for future initiatives.' said Sebastiano Falesi, Head of FERA Australia and Member of the Board of Directors of the FERA Group. 'The rapid advancement of renewable energy projects is crucial for supporting Australia's transition to zero-carbon energy. Envision's cutting-edge technology and deep global expertise assure us that we have a reliable partner capable of helping us achieve new standards in performance and reliability.' The partnership will launch with a pilot project in Victoria, featuring Envision's full converter wind turbine, grid-forming battery storage, and advanced HPPC technology in a grid-connected hybrid plant. This project will serve as a showcase for how hybrid systems can enhance grid reliability and unlock new value streams, while demonstrating Envision's strong commitment to the Australian market and a shared aspiration to set new benchmarks in renewable energy innovation. By combining FERA's local development expertise with Envision's proven global track record, the two companies aim to accelerate Australia's transition to a sustainable energy system.
Korea Herald
17-07-2025
- Business
- Korea Herald
Envision Energy Partners with FERA Australia to Advance 1GW Wind and 1.5GWh Energy Storage in Australia
MELBOURNE, Australia, July 17, 2025 /PRNewswire/ -- Envision Energy, a global leader in smart renewable energy solutions, and FERA Australia, a dedicated Australian renewable energy developer, today announced an agreement to collaborate on the delivery of large-scale hybrid renewable energy projects across Australia's National Electricity Market (NEM). The agreement, signed during the Australia Energy Wind Conference in Melbourne, marks the first initiative of its kind in Australia, establishing a framework to develop projects with the potential to deliver up to 1 GW of wind generation capacity and 1.5 GWh of battery energy storage. This milestone reflects growing confidence in Envision's integrated technology platform, which combines advanced wind turbines, next-generation containerized battery systems, grid-forming power conversion systems (PCS), and the company's proprietary Hybrid Power Plant Controller (HPPC). "This collaboration represents a major step forward in demonstrating how hybrid wind and storage solutions can unlock new possibilities for Australia's energy future," said Kane Xu, SVP and President of International Product Line of Envision Energy. "We are honored by the trust FERA Australia has placed in our technical capabilities across wind, storage, and grid integration, and we look forward to delivering projects that set new benchmarks for clean, flexible power." "Partnering with Envision Energy marks an exciting milestone in our pursuit of large-scale renewable projects in Australia. Integrating wind power and energy storage in a hybrid project, will constitute an excellent model for future initiatives." said Sebastiano Falesi, Head of FERA Australia and Member of the Board of Directors of the FERA Group. "The rapid advancement of renewable energy projects is crucial for supporting Australia's transition to zero-carbon energy. Envision's cutting-edge technology and deep global expertise assure us that we have a reliable partner capable of helping us achieve new standards in performance and reliability." The partnership will launch with a pilot project in Victoria, featuring Envision's full converter wind turbine, grid-forming battery storage, and advanced HPPC technology in a grid-connected hybrid plant. This project will serve as a showcase for how hybrid systems can enhance grid reliability and unlock new value streams, while demonstrating Envision's strong commitment to the Australian market and a shared aspiration to set new benchmarks in renewable energy innovation. By combining FERA's local development expertise with Envision's proven global track record, the two companies aim to accelerate Australia's transition to a sustainable energy system.
Time of India
28-06-2025
- Health
- Time of India
Haryana CM Nayab Singh Saini approves projects and procurements worth Rs 718 crore in high-powered committees' meeting.
With box attached in CCI Chandigarh: In a major push for infrastructure and public service improvements, Haryana's High Powered Purchase Committee (HPPC) and High Powered Works Purchase Committee (HPWPC) on Friday approved projects and procurements worth ₹718 crore during a meeting that chief minister Nayab Singh Saini chaired. In a marathon session of more than 6 hours, they cleared key development works, with a focus on Gurugram and Faridabad, power infrastructure, and public health. Officials claimed to have achieved a total saving of ₹26 crore through negotiations with bidders. Power sector investments Power utilities Haryana Vidyut Prasaran Nigam Limited (HVPNL) and Dakshin Haryana Bijli Vitran Nigam (DHBVN) received ₹132 crore for the manufacture and supply of transmission line towers, substation structures, and underground cables for financial year 2024-25. Additionally, ₹53.86 crore was approved under the Revamped Distribution Sector Scheme (RDSS) for strengthening power distribution and reducing AT&C losses in Ambala's Naraingarh division. Animal health and rural security The animal husbandry and dairy department secured approval for procuring 220 lakh doses of the FMD+HS dual vaccine to prevent foot-and-mouth disease and haemorrhagic septicaemia in cattle. The programme, which helps maintain Haryana's current disease-free status, will cost ₹73.45 crore. The vaccine is administered statewide twice a year to prevent outbreaks and support livestock health, officials informed. Governance and oversight Ministers Mahipal Dhanda, Vipul Goyal, Shyam Singh Rana, Ranbir Gangwa, and Shruti Choudhry were present at the meeting where CM Saini directed departments to monitor progress closely and ensure time-bound project completion. "This is a crucial investment in urban resilience, public health, and energy infrastructure. Our goal is transparency, efficiency, and citizen-first delivery," Saini said following the approvals. MSID:: 122115911 413 |
Time of India
02-06-2025
- Business
- Time of India
CCTV network, power substations & cycle tracks: Gurgaon gets s 141cr infra push
Gurgaon: A long-pending project costing Rs 109 crore aimed at boosting urban safety and streamlining traffic movement has got Haryana govt's approval. Overall, projects worth Rs 141 crore have been approved for the city. Tired of too many ads? go ad free now Nearly three years after completing Phase 1, GMDA finally received the green light to begin Phase 2 of the city-wide CCTV surveillance and adaptive traffic management system. GMDA officials said that work would begin shortly after allotting the work to the contracting agency. The proposal was approved on Monday at a meeting of the high-powered purchase committee (HPPC) chaired by chief minister Nayab Singh Saini. Phase 1, comprising 1,200 cameras at 218 locations, was completed in Aug 2022. However, the second phase — involving 2,722 cameras at 258 new locations — was awaiting HPPC clearance since GMDA floated tenders in March last year. A GMDA official said, "With approvals now in place, we will move swiftly to issue work orders and mobilise execution. The expanded network will strengthen real-time monitoring, public safety and traffic regulation. " The HPPC meeting also cleared two more city projects — a Rs 17.3 crore 66kV substation at Chandu Budhera WTP to power upcoming filtration units and a Rs 14.7 crore cycle track and footpath corridor along sectors 58–61 and 59–61. The substation will be developed on a 15-acre site, with two 10 MVA 66/6.6kV transformers and two 3,000 kVA 6.6/0.415kV transformers, among other infrastructure. It is expected to be completed within 12 months of allotment. Tired of too many ads? go ad free now This is aimed at ensuring uninterrupted power to three new filtration units — one of which is partially operational, another under construction and the third still at the tendering stage. Though the substation will take a year to commission, until then, the new filtration unit at the plant will continue operating on temporary power drawn from an 11kV feeder from the Daultabad substation. Similarly, 4km of cycle track and footpaths will be constructed along master roads between sectors 58–61 and 59–61, near Golf Course Extension Road. The project aims to encourage the use of non-motorised vehicles by creating dedicated cycling lanes and improving pedestrian walkways. GMDA has set a nine-month timeline for completion once work begins. However, two sewerage projects, which are meant to fix overburdened and damaged master lines along Sohna Road and from sectors 33–34 to Hero Honda Chowk and near Basai Chowk, were not approved as the bids quoted were over 50% above estimates. Officials now say that fresh tenders will be issued shortly after revising the estimates.
