Latest news with #Rs110
Business Standard
10 hours ago
- Business
- Business Standard
Phantom Digital Effects Limited Secures New High-Value Contracts, Poised for Significant Revenue Growth and Market Expansion in FY25-26
PNN Chennai (Tamil Nadu) [India], June 2: Phantom Digital Effects Limited (NSE: PHANTOMFX), a leading name in the global visual effects (VFX) industry, has secured new high-value contracts worth Rs72 Crores for the current year. These projects are expected to be completed by the fourth quarter of FY25-26, with the total value potentially rising to Rs110 Crores, including projects that are currently in final stages of bidding or about to be awarded. These new deals span both international and domestic markets and mark a significant milestone in the company's growth journey. PhantomFX's recent expansion into the U.S. and China is already showing strong results, while the company continues to maintain its solid presence in the Indian market. This momentum reflects the company's consistent focus on acquiring new business through strategic expansion and targeted acquisitions. It also highlights PhantomFX's ability to deliver world-class VFX solutions to top production houses around the world. With this strong pipeline, PhantomFX is well-positioned for substantial revenue growth and increased market presence in FY25-26. These wins further strengthen its position as a trusted and capable partner in the fast-growing global VFX industry. FY25 Key Financial Highlights (Consolidated) Total Income: Rs104.37 Crores EBITDA: Rs39.69 Crores Net Profit: Rs20.20 Crores "With rising global demand and exciting new projects, PhantomFX is entering a new growth phase," said Mr. Bejoy Arputharaj S, Managing Director, Phantom Digital Effects Limited, "The global VFX industry is experiencing strong growth, fueled by the revival of content production across films, OTT platforms, and gaming. As studios ramp up their pipelines to meet increasing audience demand, there is a clear shift toward high-quality, large-scale visual effects. This trend is creating new opportunities for skilled VFX studios that can deliver creativity at scale with reliability and speed. PhantomFX is well-positioned to benefit from this industry momentum. Our reputation for precision, innovation, and timely execution has made us a preferred partner for high-value projects, both in India and international markets. We are currently in advanced discussions for several large projects that will span multiple production cycles, requiring robust planning and resource deployment. To meet this rising demand, we are actively investing in expanding our talent base, strengthening infrastructure, and exploring strategic partnerships. Our consistent performance and reputation for quality have helped us build a strong project pipeline, and with significant billing expected in the coming months, we remain confident about accelerating our growth and reinforcing our position as a leading global VFX partner. About Phantom Digital Effects Limited PhantomFX (NSE: PHANTOMFX) is a leading creative visual effects (VFX) studio offering end-toend services for film, web series, and commercials. The company holds the prestigious Certified Trusted Partner Network (TPN) designation. The company's headquarters are located in Chennai, India, with additional offices in the United States and Canada. PhantomFX is strategically located in three key Indian cities, namely Mumbai, Chennai, and Hyderabad, and extends its global reach through a wholly-owned subsidiary in the UK and administrative offices in Los Angeles, Vancouver, Montreal, and Dubai, facilitating seamless coordination with clients across different time zones. The company is co-founded by a team of creative-driven professionals capable of managing complex and scalable VFX production tasks, delivering high-quality, industry-standard content for clients. With an impressive clientele and extensive industry experience, PhantomFX has earned the trust of clients, positioning itself as one of India's most reliable visual effects providers. The Company got listed on NSE Emerge platform in October 2022. Disclaimer Certain statements in this release are forward-looking and subject to risks and uncertainties, including but not limited to market conditions, economic developments, talent availability, and client-side delays. Phantom Digital Effects Limited undertakes no obligation to update forward-looking statements to reflect future events or circumstances. For Further Information Please Contact Corporate Communication Advisor AKMIL Strategic Advisors Private Limited Mr. Milind Apte - Director milind@ +91 98209 41925
Express Tribune
3 days ago
- Politics
- Express Tribune
CM unveils education, uplift initiatives in South Punjab
Punjab Chief Minister Maryam Nawaz Sharif unveiled a series of significant development and education initiatives during a ceremony in Layyah on Thursday, where she distributed laptops and Honhar scholarship cheques. In her address, the CM announced the establishment of a medical college in Layyah and allocated Rs3 billion for the development of universities in Dera Ghazi Khan and Layyah. She also declared the creation of the Nawaz Sharif Centre of Excellence for Early Childhood Education in both cities. Highlighting her commitment to educational reform, the CM announced a massive Rs110 billion plan to provide basic facilitiesclassrooms, toilets, and clean waterto all schools in Punjab within a year. "No school in Punjab will be deprived of essential facilities," she said. Maryam Nawaz also lauded the Pakistan Army's success in Operation Bunyanum Marsoos, extending congratulations to Army Chief Field Marshal Syed Asim Munir and Air Chief Babar Zaheer Sindhu. She paid tribute to the sacrifices of military personnel, emphasising national unity and youth empowerment. "The youth must become a fortress for Pakistan. If they stand strong, no force can defeat us," she stated. "I want every hardworking student to feel supported. If parents lack resources, the state must act like a mother." The Honhar scholarship amount was raised from Rs30, to Rs50,000, and the number of distributed laptops increased to 100,000. "These are your rights, not favours," she told the students. Concluding her address, she urged youth to reject sedition and uphold national values. "Those who lead youth astray have abandoned them. Let us stand with development, unity, and the dignity of our institutions." Earlier, the CM met with the outgoing Country Director of the World Bank, Najy Benhassine, reaffirming the province's long-standing partnership with the international financial institution and paying tribute to his contributions since assuming the role in 2020. During the meeting held in Lahore, the Chief Minister warmly welcomed Benhassine and praised his efforts in strengthening development cooperation between the World Bank and Pakistan, particularly Punjab.
Business Recorder
26-05-2025
- Business
- Business Recorder
Construction of Sindh motorways ‘top priority', says Aleem Khan
Federal Minister for Communications Abdul Aleem Khan on Monday said construction of motorways in Sindh was a top priority of the government. Talking to the media in Karachi, Aleem Khan announced that the M-6 and M-10 motorways would be launched simultaneously, according to a press release shared by the Press Information Department (PID). 'The M-6 is Pakistan's lifeline which was unfortunately neglected by previous governments,' he added. The minister emphasised that the motorway would be incomplete in its utility without being connected to the C-Port and that both the M-6 and M-10 would be linked to the Karachi Port to ensure full functionality. Highlighting the significance of the M-6 Project, Aleem Khan shared that it was a nearly Rs400 billion initiative comprising upon five sections, each approximately of 60 kilometers long. 'There is no better opportunity for investment than this project.' He further said financing had already been secured for two sections while discussions for the remaining three were ongoing. 'We will finalise the feasibility report and present it to the prime minister within the next 15 days.' Motorways from Karachi to Hyderabad and from Hyderabad to Sukkur would be completed as early as possible while working on the N-25 Highway from Karachi to Quetta was also scheduled to begin later this year, the minister said. 'Karachi's challenges are not just provincial—they are national issues and we will address them on a priority basis,' he emphasised. Replying to questions, the federal minister stressed that his focus was on delivering progress rather than engaging in blame games. 'My effort is to prioritise the launch of motorway projects in Sindh, similarly, we are committed to completing the Kaghan-Naran Motorway.' Aleem Khan said the National Highway Authority (NHA) recorded 'unprecedented growth' in revenue over the current fiscal year and attaining the target from Rs64 billion to Rs110 billion while the additional income would be utilised into improving road infrastructure and constructing new motorways. To ensure road safety, the minister said strict measures were being implemented against dangerous driving on motorways. 'Drivers exceeding 150 km/h are not only being fined but also facing FIRs,' Mandatory use of M-Tags was helping reduce long queues, and staffing shortages in motorway police were being addressed, he added. Regarding his visit to Karachi, Aleem Khan mentioned that he, along with the Federal Secretary Communications and Chairman of the NHA held meeting with the Chief Minister of Sindh and assured full support from his ministry. He also held a meeting with the business community led by Arif Habib, where investors expressed interest in participating in the development of Sindh's motorways and road networks, the PID statement read. The minister noted that a joint team was being formed to focus on additional options for the Lyari Expressway in Karachi, including improvements to interchanges and exploration of further development projects.
India Gazette
08-05-2025
- Business
- India Gazette
Uttarakhand CM Dhami meets Union Road Minister Nitin Gadkari, disccusses infrastructure projects of state
New Delhi [India], May 8 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami on Thursday met with Union Road Transport and Highways Minister Nitin Gadkari in New Delhi and discussed various issues related to important road and infrastructure projects of state. The Chief Minister requested for early reimbursement of the remaining Rs 367.69 crore under the Central Road Infrastructure Fund to the state government and approval of the proposed Rishikesh bypass project. The Chief Minister also urged for notification of the state road from Biharigarh to Roshanabad and the road from Kathgodam to Pancheshwar as National Highway and approval of the proposed elevated road over Bindal and Rispana rivers as a loop of NH-07. CM Dhami requested for approval of funds for the upgradation of 20 roads of 508 km length connected to mythological temples under the Manaskhand project and to reimburse the additional expenditure after re-alignment of NH-109. He also requested for approval for other necessary works including additional assistance of Rs110 crore for the Metro corridor along with the proposed elevated road on NH-07. The Chief Minister thanked the Union Minister for giving positive assurance for all the projects. Earlier in the day, CM Dhami met Union Minister for Environment, Forest and Climate Change Bhupendra Yadav and requested approval for crucial projects aimed at strengthening the state's infrastructure and addressing environmental challenges. During the meeting, CM Dhami sought environmental clearance and the transfer of forest land for the 120MV Sirkari Bhyol Rupasiyabagh Hydroelectric Project on the Gauriganga River. This project is vital for the state's energy needs and development. The Chief Minister also requested approval from the National Wildlife Board (NBWL) for a ropeway project from Triveni Ghat, Rishikesh to Neelkanth Mahadev Temple. He further urged the Union Minister to support the revival of Chaurasi Kutiya (Beatles Ashram), a significant cultural and tourism landmark. In addition, CM Dhami sought special financial assistance of Rs 404 crore from the Central Government under the CAMPA (Compensatory Afforestation Fund Management and Planning Authority) scheme. This funding is needed to address the recurring forest fire incidents in the state and bolster the state's environmental management. Expressing his gratitude for the Union Minister's support, CM Dhami emphasized that under the leadership of Prime Minister Narendra Modi, the state government is balancing ecological conservation with economic development. He conveyed that these initiatives would not only enhance infrastructure but also provide much-needed relief to the common people. (ANI)
Express Tribune
06-05-2025
- Business
- Express Tribune
Sky-high rates worry animal buyers
A rapid surge in inflation this year has significantly impacted the prices of sacrificial animals in Rawalpindi, with both small and large animals nearing the highest price levels in the country's history. As a result, performing the religious ritual of Qurbani (sacrifice) has become increasingly difficultif not impossiblefor the lower and middle-income segments of society. With less than a month remaining until Eidul Azha, the sale of sacrificial animals has begun in various neighborhoods and streets despite official restrictions. Livestock traders from other cities have also started arriving in Rawalpindi and the Cantonment area. Sales are already underway in several parts of the city, including Bani Chowk, Ghazni Road, Saddar Chungi 22, Bakra Mandi Road, Adiala Road, Chakri Road, and from Rawat to Sawan Camp. Meanwhile, official government-designated cattle markets for sacrificial animals will begin operations from May 28. Street vendors and local sellers are currently demanding up to Rs110,000 for small goats and sheep (standard quality), Rs150,000 to Rs170,000 for medium-sized goats and sheep, up to Rs200,000 for high-quality goats and sheep, while Rs300,000-Rs500,000 for premium or aesthetically appealing goats and sheep. They are seen demanding up to Rs240,000 for standard bulls, Rs300,000 for medium-sized bulls, Rs400,000-Rs450,000 for good quality bulls, Rs700,000 to Rs1 million for premium bulls, and Rs450,000 to Rs1m for camels. A particularly rare and powerful animal from the mountainous regions of Gilgit-Skarduthe Yak, known for its strength and ability to carry heavy loadsis available on special order for Rs550,000 to Rs1m. However, it must be kept in a temperature-controlled environment as it originates from icy, high-altitude regions. Purchased yaks are delivered directly from Gilgit-Skardu to the buyer's home.
