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Time of India
5 days ago
- Business
- Time of India
From clean water to clean energy: Industry leaders mark World Environment Day with climate action plans
New Delhi: On the occasion of World Environment Day , leaders across sectors—from hospitality and clean energy to industrial explosives and electric mobility—reiterated their commitment to sustainable growth , underlining initiatives ranging from zero water waste to nitrate-free explosives and circular technology in renewables. Amaan R Kidwai, Area Manager Luxury Hotels (North) & General Manager, ITC Maurya said, 'Continuous efforts in the areas of water conservation and efficiency have put ITC Hotels in a league of its own. As an endorsement of ITC Hotels' credo of 'Responsible Luxury', we have commissioned numerous initiatives across our hotels. Every drop of water is vital the future, and recycling is a responsibility we must uphold to ensure a sustainable future.' He added that ITC Mughal in Agra was the first hotel globally to receive LEED® Zero Water certification. 'ITC Rajputana, Jaipur, is the third hotel in the world to receive the LEED® Zero Water certification by the U.S. Green Building Council. Further strengthening ITC Hotels' commitment to sustainable practices, SunyaAqua — which processes and bottles international-quality drinking water across our hotels, including ITC Grand Bharat, Gurugram — significantly reduces carbon footprint by eliminating the need for transportation and by replacing Single-Use Plastic (SUP) items with eco-friendly alternatives, thereby mitigating the use of Single-Use Plastic.' Kidwai noted that the company is 'striving towards a greener future' with initiatives such as LEED® Zero Water certification and stage-by-stage process improvements. In the industrial explosives segment, Shubham Choudhari, Chief Technology Officer, SBL Energy Ltd, said, 'Sustainability is fast becoming the foundation of industrial decision-making, and the explosives sector is no exception. Electronic detonators, designed for precision blasting, are reducing over-break, ground vibration, and dust generation, making operations safer and more environmentally conscious.' He added, 'Nitrate-free explosives, such as hydrogen peroxide emulsion formulations, are emerging as viable alternatives that help cut carbon emissions and eliminate nitrate contamination. At SBL Energy, we believe this is the direction the industry must move in.' From the wind and solar sector, Praveen Kakulte, CEO, POWERCON Group said, 'The Renewable Energy business which fundamentally appears to be clean, also has a huge room for enhancing sustainability measures. Disposal of fibre reinforced plastics used for wind turbine rotor blades, spinners and nacelle, upon completion of its useful life are posing a challenge.' He added, 'Disposal of Solar PV panels is the biggest challenge that humans are witnessing. Putting the said pollutant to an alternate use is a secondary solution when one surrenders the competency to innovate. Sustainability isn't just a goal, but it's our moral responsibility.' D.V. Manjunatha, Founder & Managing Director, Emmvee said, 'This World Environment Day, as the global focus turns toward land restoration and building resilience against desertification and drought, we are reminded that clean energy is not just about reducing emissions; it's about restoring balance.' He added, 'At Emmvee, our commitment to solar innovation is rooted in the belief that renewable energy can empower communities, revive degraded landscapes, and ensure a sustainable future for generations to come.' Akshit Bansal, Founder & CEO, Statiq emphasised EV adoption as a pathway to clean air. 'On World Environment Day, we express our vision of an India where people choose electric vehicles confidently, without having to compromise on convenience or sustainability.' Bansal added, 'Our commitment is to make EV charging as seamless and accessible as refuelling a traditional vehicle, ensuring that sustainability and convenience go hand in hand.' He said Statiq aims to power India's EV journey with 'state-of-the-art, reliable charging infrastructure'. Industry voices across sectors echoed the urgency of adapting technology, policy, and innovation in unison to deliver sustainable outcomes aligned with climate goals.
Economic Times
15-05-2025
- Business
- Economic Times
ITC Hotels Q4 Results: Cons PAT jumps 41% YoY to Rs 257 crore; revenue rises 17%
ITC Hotels on Thursday reported a 41% year-on-year growth in its consolidated net profit at Rs 257 crore for Q4FY25, compared to Rs 182 crore in the same quarter last year. Revenue from operations for the March-ended quarter stood at Rs 1,061 crore, up 17% from Rs 907 crore in Q4FY24. ADVERTISEMENT On a sequential basis, profit after tax (PAT) rose 19.5% over Rs 215 crore reported in Q3FY25. The profits are attributable to the owners of the company. The topline also saw a 4.4% increase from Rs 1,015 crore reported in the October–December quarter of FY25. This is ITC Hotels' first quarterly earnings announcement since its demerger from ITC. The earnings were announced during market hours, and shares of ITC Hotels closed at Rs 202.64 on the NSE, marking a marginal uptick of Rs 0.70, or 0.35%.Revenue from the hotel business stood at Rs 1,041 crore, compared to Rs 891 crore in Q4FY24 and Rs 995 crore in Q3FY25. The company also reported Rs 12 crore in revenue from other sources."It is yet to report any revenue from its real estate business. The Group is constructing super-premium branded residences in Colombo, Sri Lanka. Revenue shall be recognized upon completion of the sale," the exchange filing stated. ADVERTISEMENT ITC Hotels' expenses for the quarter stood at Rs 750 crore, up from Rs 663 crore in Q4FY24 and Rs 740 crore in Q3FY25. For the full financial year, PAT stood at Rs 635 crore, rising 51% from Rs 422 crore in FY24. Revenue grew 60% to Rs 3,560 crore in FY25, compared to Rs 2,224 crore in the previous year. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
News18
15-05-2025
- Business
- News18
ITC Hotels Q4 Results: Net Profit Rises 19% To Rs 257.85 Crore
Last Updated: ITC Hotels Q4 Results: Total expenses were marginally higher at Rs 749.81 crore during Q4 FY25 as compared to Rs 740.41 crore in the corresponding period a year ago. ITC Hotels Q4 Results: ITC Hotels Ltd on Thursday reported a 19 per cent rise in its consolidated net profit to Rs 257.85 crore for the fourth quarter ended March 31, 2025. Its consolidated revenue from operations during January-March rose to Rs 1,060.62 crore, compared with Rs 1,015.4 crore in the year-ago period. Total expenses in the quarter under review were marginally higher at Rs 749.81 crore as compared to Rs 740.41 crore in the corresponding period a year ago. During the 2024-25, ITC Hotels' consolidated net profit stood at Rs 637.64 crore as compared with Rs 423.87 crore in FY24. In FY25, consolidated revenue from operations was at Rs 3,559.81 crore as compared to Rs 2,224.4 crore in FY24. Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! Location : New Delhi, India, India First Published: May 15, 2025, 15:14 IST News business ITC Hotels Q4 Results: Net Profit Rises 19% To Rs 257.85 Crore
Time of India
13-05-2025
- Business
- Time of India
ITC Hotels inks agreement for new property in Siliguri, West Bengal
In a strategic move to expand its luxury footprint in Eastern India, ITC Hotels on Tuesday announced that it has signed a management agreement for a new property under its premium brand Mementos by ITC Hotels in Siliguri, West Bengal. The upcoming property, being developed by the LR Berlia Group, will be situated near Bagdogra Airport in north Bengal. The hotel is set to feature 180 rooms and a range of upscale amenities aimed at both leisure and business travellers. This marks the debut of the Mementos brand in Eastern India, reflecting ITC Hotels' continued emphasis on tapping into high-growth domestic tourism markets. With the addition of this hotel, ITC Hotels now has six operational properties in West Bengal, with another six in various stages of development. Once fully completed, the company's portfolio in the state will include 12 properties offering a total of over 1,540 keys across its various brands. 'The signing marks Mementos by ITC Hotels' foray into Eastern India,' said Anil Chadha, Managing Director of ITC Hotels. 'Domestic tourism has been on the rise, with travellers increasingly seeking unique, immersive stay experiences. This project is expected to become a defining hospitality destination for the region, especially in the wedding segment, which continues to show robust demand.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo The Mementos brand is ITC Hotels' signature luxury collection, focused on offering curated experiences in distinct and scenic destinations. With its strategic location near Siliguri — a key gateway to the Northeast and the Eastern Himalayas — the new hotel is expected to cater to a diverse clientele, including tourists, corporate travellers, and event planners. The company added that the new development aligns with its long-term vision to strengthen its presence in high-potential regional markets and contribute to local economic and tourism growth. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
