Latest news with #LEEDPlatinum
Business Upturn
5 days ago
- Business
- Business Upturn
Jindal Stainless Q1 Results: Revenue up 8.2% at Rs 10,207 crore, Net profit rises 10.6% YoY
Jindal Stainless delivered a strong performance in the first quarter of FY26, reporting a consolidated net profit of Rs 715 crore, up 10.6% from Rs 647 crore in Q1 FY25. Consolidated revenue stood at Rs 10,207 crore, with EBITDA growing 8.1% YoY to Rs 1,310 crore. The performance was supported by improved sales volumes, robust domestic demand from sectors like automotive, infrastructure, and metro, and sustained operational efficiencies. Net debt declined to Rs 3,869 crore, maintaining a low net debt-to-equity ratio of 0.2x. Sales volume during the quarter was 6.26 lakh tonnes, up 8.3% YoY. Domestic sales accounted for 91% of the volume, while exports contributed 9%. The company marked key milestones with stainless steel supply to Indore Metro, strategic defence orders, and commercial dispatches to BHEL. Its Gurugram office received LEED Platinum certification, and over 3,000 fabricators were trained under the Stainless Academy. Managing Director Abhyuday Jindal highlighted the company's focus on innovation, digital manufacturing through Project Pragati, and reiterated the call for a national stainless steel policy to further strengthen the industry. 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.
ME Construction
04-08-2025
- Business
- ME Construction
ALEC & ALEMCO offices in Dubai achieve LEED Platinum and LEED Gold certification
Sustainability ALEC & ALEMCO offices in Dubai achieve LEED Platinum and LEED Gold certification By The move reflects the company's deep-rooted commitment to quality, sustainability and employee well-being ALEC has said that following its extension renovation works, it has been awarded LEED Platinum certification for its headquarters in Dubai. The firm said that its MEP subsidiary, ALEMCO, has also secured LEED Gold certification for its corporate office and adjoining yard in Dubai Industrial City. These certifications, awarded by the US Green Building Council for Commercial Interiors, reflects the company's deep-rooted commitment to quality, sustainability and employee well-being, the firm said in its statement. 'Our priority was to enhance the overall workplace experience for our people, while embedding sustainability at every stage of the renovation. With improvements ranging from low-flow water fittings to LED lighting and advanced energy metering, we've not only reduced our footprint but reaffirmed our commitment to creating better buildings. These upgrades echo the same principles we bring to client projects, helping them meet and exceed their green building targets,' said Barry Lewis, CEO at ALEC. LEED for interior design and construction (LEED ID+C) is a green building rating system focused on the design and construction of interior spaces within commercial buildings. The upgrades mark a significant milestone for ALEC, as it continues to invest in creating healthier, more efficient workspaces. By achieving the highest level of LEED certification, ALEC demonstrates both its capabilities in delivering world-class green building solutions, and its determination to hold its own operations to the highest standards, the statement highlighted. To earn the certifications, ALEC said that it implemented a wide range of sustainability measures across both facilities. Water consumption was reduced by 55% from baseline through the use of low-flow fixtures equipped with sensors, and lighting energy was cut by 25% compared to ASHRAE 90.1-2010 standards, thanks to the installation of energy-efficient LED fixtures, occupancy sensors, and enhanced commissioning protocols. Indoor environmental quality was also enhanced through the use of low-VOC paints, adhesives, and materials, while design features maximised daylight use and improved acoustics. Significant attention was given to responsible sourcing and material reuse. Structural materials included steel with 25% post-consumer recycled content, 100% bio-based wall boards for phone booths, and high-recycled content in insulation and ceiling components. Similar practices were adopted at ALEMCO's facility, reinforcing the company's circular approach to design and construction, the firm explained. Almost 100% of workstation tables, wooden wall panels, reception desks, joinery, storage units, and various meeting room elements from ALEC HQ offices were diverted and reused at the company's new design office in Dubai, reducing refurbishment-related waste. The firm said the achievement extends its track record in helping clients realise their own green building ambitions. 'As we continue to drive the sustainability agenda forward across the region, our own renovations stand as proof that you don't need to choose between sustainability and design. With careful planning, extensive reuse and responsible material selection, organisations can elevate their interiors while delivering on environmental performance. We're proud of what we've achieved and look forward to supporting more partners across the region in their own green building journeys,' Lewis concluded.
Yahoo
01-08-2025
- Business
- Yahoo
AGI Denim's New Concept Delivers Superior Chip-off Effects
Making denim is often referred to as an art but achieving the perfect fade is a science. Artistic Garment Industries (AGI Denim) uses both approaches in a new concept called Ceramic Blue. The shade uses Chip-off Technology, AGI's new proprietary yarn dyeing process that 'pushes denim fading to its most expressive limits' and introduces a sharper contrast between highs and lows in abrasion. More from Sourcing Journal AGI Denim's Apparel Park: A LEED Platinum Pioneer in Sustainable Denim Manufacturing New Sofa Company Taps Bossa for 'IndigoGuard' Denim Uniqlo Taps Indigo Artisans for Disney Collection The contrast is akin to chip-off character, a term widely used in the denim industry to describe how indigo dye wears away from the raised parts of a garment, such as seams, yarn slubs and puckered zones, where friction is most concentrated, according to Henry Wong, VP product development and marketing at AGI Denim. 'These high-contact areas fade faster, revealing lighter tones beneath the surface. The result is a strong visual contrast between worn peaks and protected valleys that gives denim its distinctive character,' he added. AGI mimics this fading effect by leaning into indigo's qualities as a fugitive dye; specifically, how top regions of jeans tend to fade faster with wear than lower areas. Chip-off amplifies this behavior by design, resulting in directional fading with greater depth and clarity, the mill stated. One of the key breakthroughs in Ceramic Blue is the prominence of its ring dye effect, Wong noted. The contrast between the dyed surface and white cotton core is clearly visible. Even with a lighter indigo base, AGI said Ceramic Blue delivers a rich, vintage-style contrast usually reserved for darker shades and it achieves this using less dye and fewer resources. AGI is in the process of verifying data to support specific impact claims. That said, Wong pointed out that repeated wash testing of Ceramic Blue has already shown significantly improved chip-off behavior compared to conventional dyeing. 'This opens up promising opportunities to start with less dye and potentially reduce abrasion time during wet processing, all while achieving the desired vintage effect,' he said. The Ceramic Blue shade is available across a focused range of core non-stretch and comfort stretch fabrics. Wong said these constructions were chosen based on a scan of key fits and silhouettes in the market, particularly in volume-driven programs where dry process and authentic abrasion effects are essential to the design. 'We've prioritized bases that support strong highs and lows during washing, with enough versatility to work across classic five-pocket fits, looser straight legs, and relaxed modern shapes,' he said. 'The fiber content spans 100 percent cotton and cotton-rich blends with minimal stretch for that true vintage hand and recovery. Fabric weights range from 11 to 13 oz., keeping the structure substantial enough for visible chip-off character and still comfortable enough for denim lovers to keep breaking them in daily as their favorite pair of jeans.' Wong added that the fabrics work well with most industrial finishing techniques and are especially well-suited for stone-free enzyme washes and laser marking technologies. AGI Denim will present Ceramic Blue at Kingpins New York July 23-24. Solve the daily Crossword
Globe and Mail
29-07-2025
- Business
- Globe and Mail
BXP Launches Vertical Construction of 343 Madison Avenue in Midtown Manhattan
BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the commencement of full vertical construction of 343 Madison Avenue, a 930,000 square foot premier workplace with direct access to Grand Central's Madison Concourse between 44 th and 45 th Street. Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program and market leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and out, with striking terraces and expansive views overlooking Midtown. A robust food and beverage program including a lobby café and bicycle storage with cabanas and showers round out the amenity program. 'We are thrilled to move forward with vertical construction of 343 Madison,' said Owen Thomas, Chairman & CEO, BXP. 'At the best positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP's shareholders as well as a core long-term asset within our portfolio.' BXP has executed a letter of intent with a prestigious, investment grade financial institution to anchor 343 Madison Avenue and occupy 30% of the building, in the lower-middle section of the tower. This commitment marks another major milestone in the project's momentum, positioning 343 Madison as the unrivaled opportunity for premier businesses in the heart of Midtown. 'The unprecedented level of client interest and the strong commitment of our anchor client underscore 343 Madison's position as New York's next iconic address,' said Hilary Spann, Executive Vice President, NY Region, BXP. 'This project represents an unparalleled opportunity for premier companies to establish a world-class workplace in the heart of Midtown Manhattan. The demand for luxurious, sustainable, and thoughtfully designed workplaces is driving the next generation of development at BXP in New York and beyond.' The building will offer 40 premier workplace floors, ranging from 27,500 square feet in the podium to 21,500 square feet in the high-rise. Specialty floors including private terraces and elevated ceiling heights allow clients to design a multi-functional workplace that accommodates a variety of work styles and space needs. Sustainability is a key pillar of the property, with the building designed to be fully electric with zero on-site combustion and a high efficiency direct outside air system. Climate resiliency, decarbonization, and health & wellness are at the core of the building design. Target certifications include LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2025, BXP's portfolio, including properties owned by unconsolidated joint ventures, totaled 53.7 million square feet and 186 properties, with ten properties under construction or redevelopment. For more information, visit or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words 'future,' 'will,' 'would,' 'expects,' 'intends' and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond BXP's control. Should one or more of these known or unknown risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. These factors include, without limitation, BXP's ability to complete the development project within budget, on schedule or at all, the uncertainties of real estate development activity, BXP's ability to enter into a definitive lease agreement with the firm referenced above, BXP's ability to enter into other leases on favorable terms, on schedule, or at all, BXP's ability to obtain satisfactory certifications for the project, including LEED Platinum certification, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Business Wire
29-07-2025
- Business
- Business Wire
BXP Launches Vertical Construction of 343 Madison Avenue in Midtown Manhattan
NEW YORK--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the commencement of full vertical construction of 343 Madison Avenue, a 930,000 square foot premier workplace with direct access to Grand Central's Madison Concourse between 44 th and 45 th Street. Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program and market leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and out, with striking terraces and expansive views overlooking Midtown. A robust food and beverage program including a lobby café and bicycle storage with cabanas and showers round out the amenity program. 'We are thrilled to move forward with vertical construction of 343 Madison,' said Owen Thomas, Chairman & CEO, BXP. 'At the best positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP's shareholders as well as a core long-term asset within our portfolio.' BXP has executed a letter of intent with a prestigious, investment grade financial institution to anchor 343 Madison Avenue and occupy 30% of the building, in the lower-middle section of the tower. This commitment marks another major milestone in the project's momentum, positioning 343 Madison as the unrivaled opportunity for premier businesses in the heart of Midtown. 'The unprecedented level of client interest and the strong commitment of our anchor client underscore 343 Madison's position as New York's next iconic address,' said Hilary Spann, Executive Vice President, NY Region, BXP. 'This project represents an unparalleled opportunity for premier companies to establish a world-class workplace in the heart of Midtown Manhattan. The demand for luxurious, sustainable, and thoughtfully designed workplaces is driving the next generation of development at BXP in New York and beyond.' The building will offer 40 premier workplace floors, ranging from 27,500 square feet in the podium to 21,500 square feet in the high-rise. Specialty floors including private terraces and elevated ceiling heights allow clients to design a multi-functional workplace that accommodates a variety of work styles and space needs. Sustainability is a key pillar of the property, with the building designed to be fully electric with zero on-site combustion and a high efficiency direct outside air system. Climate resiliency, decarbonization, and health & wellness are at the core of the building design. Target certifications include LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2025, BXP's portfolio, including properties owned by unconsolidated joint ventures, totaled 53.7 million square feet and 186 properties, with ten properties under construction or redevelopment. For more information, visit or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words 'future,' 'will,' 'would,' 'expects,' 'intends' and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond BXP's control. Should one or more of these known or unknown risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. These factors include, without limitation, BXP's ability to complete the development project within budget, on schedule or at all, the uncertainties of real estate development activity, BXP's ability to enter into a definitive lease agreement with the firm referenced above, BXP's ability to enter into other leases on favorable terms, on schedule, or at all, BXP's ability to obtain satisfactory certifications for the project, including LEED Platinum certification, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
