Latest news with #KNR
Business Upturn
26-06-2025
- Business
- Business Upturn
KNR Constructions jumps 16% in 2 days on Rs 4,800 crore NTPC coal block order win
By Aditya Bhagchandani Published on June 26, 2025, 09:24 IST Shares of KNR Constructions surged 16% over the past two sessions after the company announced a major order win worth Rs 4,800 crore from Patratu Vidyut Utpadan Nigam, a subsidiary of NTPC. The contract pertains to the development and operation of the Banhardih coal mining block located in Jharkhand. On Thursday, June 26, KNR Constructions' stock rose nearly 5% to ₹242.09 on the NSE. This follows an 11% jump in Wednesday's trade, when the stock hit an intraday high of ₹235.85. The company's market capitalization now stands at Rs 6,716 crore. The Rs 4,800 crore project will be executed by a joint venture between KNR Constructions and Harsha Constructions, where KNR will operate 74% of the mining block. The project timeline includes an initial development period of 360 days followed by a five-year operational phase. The coal block holds reserves of approximately 34.50 million tonnes. The stock momentum comes despite KNR reporting a 61% decline in net profit to Rs 248 crore for the March quarter. Analysts suggest that the large order provides visibility for future revenue and earnings recovery. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
United News of India
15-05-2025
- Business
- United News of India
AGI Greenpac's Q4FY25 net profit up 50 pc to Rs 97 cr
Hyderabad, May 14 (UNI) AGI Greenpac Limited, a leading Glass Container Company, on Wednesday reported a 50 percent increase in its consolidated net profit to Rs 97 crore for the fourth quarter ending March 31, 2025 as against Rs 65 crore in corresponding period in the previous year. The company continued its growth trajectory achieving Consolidated Revenue of Rs 705 crore during the quarter, a 13 percent increase compared to Rs 622 crore in Q4 FY24, the company said in a release. However, for FY25 full year, the company's consolidated net profit for the year stood at Rs 322 crore, up by 28 percent compared to Rs 251 crore in FY24 while consolidated revenue achieved Rs 2529 crore, registering year-over-year growth of five percent compared to Rs 2,418 crore in FY24. AGI Greenpac Limited's success in FY25 resulted from its strategic focus and careful execution in several key areas. With an investment of Rs 700 crore the Company proposed setting up of a state-of-the-art manufacturing plant in Madhya Pradesh with a daily capacity of 500 tonnes, projected to increase the company's production capacity by approximately 25 percent. This strategic move aims to capitalize on the growing demand for glass packaging in the food, beverage and pharmaceutical sectors. UNI KNR SS More News AGI Greenpac's Q4FY25 net profit up 50 pc to Rs 97 cr 15 May 2025 | 3:50 AM Hyderabad, May 14 (UNI) AGI Greenpac Limited, a leading Glass Container Company, on Wednesday reported a 50 percent increase in its consolidated net profit to Rs 97 crore for the fourth quarter ending March 31, 2025 as against Rs 65 crore in corresponding period in the previous year. see more.. Amazon in launches elevate programme to empower creators & scale monetization opportunities 15 May 2025 | 3:45 AM Hyderabad, May 14 (UNI) marketplace is operated by Amazon Seller Services Private Ltd, on Wednesday announced the launch of its Elevate Programme, a strategic initiative designed to boost the performance of content creators associated with the Amazon Influencer Program. see more.. 15 May 2025 | 2:44 AM Kochi, May 14 (UNI) The Board of Directors of Apollo Tyres Ltd has approved the company's audited financial results for the fourth quarter (Jan to Mar) and the financial year 2024-25. see more.. Torrent Power net profit surges 63 pc in FY 2024-25 14 May 2025 | 8:52 PM Ahmedabad, May 14 (UNI) Torrent Power Ltd on Wednesday reported a 63 percent jump in its total comprehensive income (net profit) for the financial year 2024-25 at Rs 3,059 crore, as against Rs 1,882 crore in the previous year. see more..
The Hindu
09-05-2025
- Politics
- The Hindu
SIT conducts searches Jagan Mohan Reddy's PA's house in liquor scam
The Special Investigation Team (SIT) police, probing the alleged liquor scam, conducted searches in the house K. Nageswar Reddy (KNR), personal assistant of former Chief Minister Y.S. Jagan Mohan Reddy. The team led by an Assistant Commissioner of Police (ACP) searched the house of Mr. Nageswar Reddy, located in Veterinary Colony, in Vijayawada, on Thursday. The police also conducted searches in the houses of Dhananjaya Reddy and then Officer on Special Duty (OSD) Krishnamohan Reddy, who were named as accused in the alleged multi-crore scam. It was alleged that a few YSRCP leaders, including V. Vijaya Sai Reddy, Rajampet MP P.V. Midhun Reddy, Sajjala Sridhar Reddy, former AP State Beverages Corporation Limited (APSBCL) Managing Director D. Vasudeva Reddy, and others held meetings on cash transactions and reportedly discussed on introducing new liquor brands and on allegedly receiving kickbacks from the distilleries. The SIT police, investigating the alleged liquor scam that occurred during YSRCP regime, recently arrested then IT Adviser Kessireddy Rajashekar Reddy, his personal assistant Dilip Kumar and another accused Chanikya in the case. Investigation officers have questioned Mr. Vijayasai Reddy, Mr. Midhun Reddy, Mr. Kassireddy Rajashekar Reddy and Chaitanya in the case. ED steps into action Meanwhile, the Enforcement Directorate (ED) has reportedly asked the SIT officers to submit the details of the liquor scam. It was alleged that ₹3,200 crore was swindled in the racket, which occurred during 2019 to 2024. The ED officials have asked the investigation officers of the SIT to give the details of the accused involved, arrests made, seizures, statements of the accused and the particulars of bank transactions. 'The ED will probe the multi-crore scam under the Prevention of Money Laundering Act (PMLA) 2002, as the accused caused huge loss to the government's exchequer,' a police officer said.
United News of India
08-05-2025
- United News of India
3 security personnel killed in blast triggered by Maoists
Mulugu (Telangana), May 8 (UNI) At least three security personnel were killed in an IED blast triggered by Maoists in the forests of Veerabhadrapuram-Perur in the district on Thursday. The incident occurred when Telangana Greyhounds police were carrying out regular combing operations in the forest area, the police said. After triggering the improvised explosive device, the Maoists also opened fire at the police. Sources said some police personnel were also injured either in blast or firing. Further details are awaited. UNI KNR PRS
United News of India
07-05-2025
- Politics
- United News of India
Operation Sindoor: We stand strongly with our armed forces : Telangana CM
Hyderabad, May 7 (UNI) "As an Indian citizen first, standing strongly with our armed forces," said Telangana Chief Minister A Revanth Reddy on Wednesday. Reacting to the "Operation Sindoor' launched by Indian armed forces, Revanth said on X, "The strikes against terror factories in Pakistan & PoK make us proud." "Let us make this a moment for national solidarity and unity, and all of us speak in one voice - Jai Hind!" the CM tweeted. UNI KNR KK
