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Business Standard
4 days ago
- Business
- Business Standard
Krishca Strapping Solutions Limited Reports Rs 150+ Crores in Total Revenue in FY25
PNN Chennai (Tamil Nadu) [India], June 2: Krishca Strapping Solutions Limited, one of the leading manufacturers of Strapping Tools and Seals, announced its Audited Financial Results for H2 FY25. Consolidated Key Financial Highlights H2 FY25: * Total Revenue: Rs87.24 Crores * EBITDA: Rs14.75 Crores * Profit After Tax: Rs6.16 Crores * Earnings Per Share (EPS): Rs4.34 FY25: * Total Revenue: Rs151.08 Crores * EBITDA: Rs24.29 Crores * Profit After Tax: Rs11.60 Crores * Earnings Per Share (EPS): Rs8.33 Packaging Contract Business Update (FY2024-25): * Packaging Contract Order Book: As of 29th May, FY2025-26, Krishca has secured Rs50.79 crore in confirmed orders for FY26 and Rs120.89 crore for the next three years, ensuring strong revenue visibility moving forward. Key Packaging Contract Customers (as on date in FY2024-25): * SHYAM METALICS AND ENERGY LIMITED * SHYAM Steel & POWER LIMITED * VEDANTA LIMITED ALUMINIUM & POWER * JINDAL STEEL & POWER LTD. * SAMBHV STEEL TUBES LIMITED * STEEL AUTHORITY OF INDIA LTD * APL APOLLO BUILDING PRODUCT PVT LTD * REAL ISPAT AND POWER LTD * ELECTRO STEEL LIMITED (Vedanta Group) * Mivaan Steels Ltd (subsidiary of JSW Steel Ltd) * JSPL Nalwa Special Steel Strip Complex Update (FY2024- 25): * The new Cold Rolling Complex project is progressing as per the original timeline, with major machinery orders completed. Factory construction is scheduled to begin in June 2025, with production expected to commence by Q4 of FY26. Commenting on the performance, Mr. Bala Manikandan, Managing Director & Founder of Krishca Strapping Solutions Limited said, "H2 FY25 has been a defining period for Krishca Strapping Solutions, marked by strong execution and major strategic order wins. We have started our biggest packaging contract order with the APL Apollo Group from April 15th, 2025, with an approximate order value of Rs25 crore per annum. We are pleased to have secured a Rs4.85 crore contract from Steel Authority of India Limited - Bokaro Steel Plant, valid up to April 6, 2025. This order from a prestigious public sector steel producer is a strong validation of our product quality, service consistency, and growing presence in India's core industrial sector. Additionally, we are proud to have won two significant long-term contracts from ESL Steel Limited of the Vedanta Group. The first contract, valued at Rs47.36 crore over a 5-year period, and the second, worth Rs18.38 crore over a 3-year tenure, cover strapping, wrapping, and compactor services at ESL's Jharkhand facility. These contracts were awarded through a highly competitive reverse auction process, reflecting our ability to deliver mission-critical packaging About Krishca Strapping Solutions Limited Krishca Strapping Solutions Limited, Established in December 2017, we have quickly grown into one of India's leading manufacturer of high-tensile steel straps, strapping seals, and strapping tools, setting new standards in eco-friendly and efficient production. Our facility in Chennai remains the cornerstone of our operations, boasting a robust production capacity of 30,000 MT of steel straps and 120 million Nos strapping seals annually. For Further Information Please Contact Corporate Communication Advisor AKMIL Strategic Advisors Private Limited * Mr. Milind Apte - Director * milind@ * +91 98209 41925 * Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
Time of India
30-05-2025
- Health
- Time of India
100 Gadchiroli anganwadis to be converted into ‘Nand Ghars'
Nagpur: In a significant development, 100 anganwadis in Gadchiroli district will be transformed into modern 'Nand Ghars' with e-learning facilities by Vedanta Group's Anil Agarwal Foundation. 'Nand Ghar' is a flagship corporate social responsibility (CSR) project to modernise tribal schools. The 'Nand Ghars' will provide early childhood education and nutritional support to the children in the morning and conduct health and micro-enterprise awareness programmes for women in the afternoon. This innovative initiative is being implemented under the vision of chief minister Devendra Fadnavis. To execute this initiative, department of women and child development has facilitated a memorandum of understanding (MoU) between Gadchiroli Zilla Parishad and Anil Agarwal Foundation. The MoU was signed by Gadchiroli ZP CEO Suhas Gade, and Shashi Arora, CEO, Nand Ghar, Vedanta. As part of the project, the anganwadis will be upgraded with modern infrastructure. Children aged 3 to 6 will receive pre-primary education and nutritional support in the morning session, while women will participate in afternoon programmes focusing on health awareness and micro-enterprise development. The upgraded anganwadis will cater to nearly 3,900 children aged 0 to 6, along with over 600 pregnant and lactating women. Additionally, 1,134 adolescent girls will receive skill development training in afternoon sessions. This initiative is expected to address health issues in remote areas of Gadchiroli and empower women economically by providing livelihood-oriented training. The govt also plans to scale this initiative across the state. Each upgraded centre will feature colourful, child-friendly interiors and be equipped with basic amenities, including LED TVs for e-learning. Training will also be provided to anganwadi workers on e-learning tools, and to accredited Social Health Activists (ASHA) workers and auxiliary nurse midwives (ANMs) for delivering health services. The ZP will coordinate the project by providing list of eligible anganwadis, appointing district-level nodal officer, overseeing branding, and ensuring regular maintenance. Infrastructure such as water supply, toilets, electricity, and healthcare services will be ensured. A joint working group will be established to monitor and implement the project effectively. This initiative underscores CM's commitment to inclusive growth and highlights his compassionate approach to developmental governance.
Economic Times
28-05-2025
- Business
- Economic Times
Ultra rich betting on unreal estate to preserve wealth
Indian industrialists and family offices are investing in luxury real estate. They see it as a way to preserve wealth and build a legacy. High-value property purchases have increased significantly in recent years. Mumbai, New Delhi, and Bengaluru are key markets. Families view these properties as strategic, long-term investments. These investments safeguard wealth for future generations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads More than Prestige The country's leading industrialists, promoters, and family offices are increasingly turning to trophy properties for wealth preservation and legacy building, betting on luxury real estate as a resilient asset class that offers a combination of capital appreciation, privacy, and intergenerational Worli's skyline-defining towers and the tree-lined avenues of Carmichael Road in Mumbai to sprawling colonial-era homes in New Delhi's Lutyens' Bungalow Zone, the real estate market in prime areas of major Indian cities has seen the ultra-wealthy close deals exceeding Rs 25,000 crore over the last three years. This is up around 90% over the previous three years, according to data compiled by realty data analytics firm surge in high-value purchases by promoters and family trusts in cities like Mumbai, New Delhi, and Bengaluru reflects a broader shift in capital management strategies, family office experts said. These families see them as strategic, long-term investments designed to safeguard wealth across generations. 'The trend is in line with how global markets have historically evolved in large cities,' said Vivek Gupta, partner at Deloitte India. 'India is seeing this trend now—large business groups want to lock in assets that are priced and scarce and can, therefore, become a legacy to be passed across generations.'Vedanta Group, Bajaj Group, Godrej, Infosys , Radhakishan Damani, Uday Kotak, GVK, Welspun , Polycab, Parle Products, and Divis Laboratories are among the large business group and families that have purchased bungalows, luxury apartments, and land parcels in major ultra-wealthy families, highend properties are not mere lifestyle statements. They are strategic, long-term investments designed to safeguard wealth across generations.'Our family council has always held this belief that real estate offers a better width of investment avenues,' a leading industrialist said on condition of anonymity. 'Prime real estate is better than gold is what we believe, and we expect this recent trend to keep getting stronger.'The scion of a leading Mumbaibased industrialist said the evolution of real estate investment trusts (REITs) and land banks as a trend signals a long-term belief in rising property values.'The growth in the value of properties, especially in key cities have been phenomenal,' he said, seeking anonymity. 'A number of key financial advisors suggested that we park funds in such assets where the surge in value will be significant down generations. Also, blocking key properties always makes good financial sense.'Be it billionaire investor and DMart founder Damani's Rs 1,001-crore purchase of a bungalow in South Mumbai's elite Malabar Hill in April 2021, or banker Uday Kotak's acquisition of an entire sea-facing Worli building for over Rs 400 crore in 2025—these deals are not outliers, but part of a clear and defining trend. They signal a deeper shift in how family offices are managing their capital, family office experts said.'HNI families view real estate as a strategic asset for capital preservation and appreciation, which also helps in diversifying their wealth effectively,' said Sandeep Reddy, cofounder of 'It's also crucial for family wealth division, simplifying intergenerational transfers. While our analysis includes only marquee transactions, there are several transactions of this nature that are relatively smaller and not considered here,' he to Reddy, beyond investment, there is a clear preference for premium, landmark addresses for end use, reflecting both prestige and a pursuit of long-term value.
Time of India
24-05-2025
- Business
- Time of India
Assam CM Himanta Biswa Sarma urges industrialists to deliver on Advantage Assam 2.0 promises
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Guwahati: Assam Chief Minister Himanta Biswa Sarma met top industrialists in New Delhi and asked them to fulfill their commitments made during Advantage Assam 2.0 Investment and Infrastructure Summit in Chief Minister met the Chairman of Vedanta Group , Anil Agarwal at his official residence here on Friday evening and asked him to operationalise the group's investment commitment made during Advantage Assam Summit held in February this of Vedanta, Agarwal said the group is wholly committed to Assam's growth journey and is keen to expand its footprint in the State's hydrocarbon taking to X (formerly Twitter), the Chief Minister wrote, "Today in New Delhi, I met the very enterprising Chairman of @Vedanta_Group, Shri @AnilAgarwal_Ved Ji. We spoke on operationalising the group's investment commitment made during #AdvantageAssam2. Vedanta is keen to expand its footprint in the state's hydrocarbon sector."Later, the Chief Minister met Managing Director of ITC Hotels , Anil Chadha at his official residence here and discussed the potential of investment in the hospitality told the Chief Minister that his group is very keen in exploring opportunities in the hospitality sector in about the development, CMO Assam, tweeted, "Anil Chadha, MD, @ITCHotels called upon HCM Dr. @himantabiswa in New Delhi today. They discussed the potential of investments in Assam's hospitality sector as Shri Chadha expressed keen interest in exploring opportunities for expansion in the state."The Advantage Assam 2.0 has secured investment commitments worth Rs 5.18 lakh crore over the next five years, It may be mentioned that Chief Minister Sarma, who is closely monitoring the investment commitments made by different companies during the Advantage Assam 2.0, will hold one-to-one meeting with the industry honchos in the national capital on May 26."The Chief Minister has started individual discussions with the companies about how to go about realising the investment on the ground, what kind of incentives they might need, land they would need. We will prepare the preparatory roadmap over the next six months,' a senior official privy to the development said."If even a significant portion of the pledged investments materialises, Assam could emerge as a leading industrial hub in the Northeast and beyond. Therefore, the focus now shifts to implementation and execution, ensuring that these investments translate into job creation, infrastructure development, and long-term economic benefits for the state," the official achieve this goal, the Government of Assam plans to carefully analyse investment proposals in the current financial year and work toward a comprehensive roadmap within the next six months. "The roadmap will focus on addressing key challenges such as land allocation, ease of doing business, and incentive structures to ensure that projects move from paper to reality," the official quipped.
India Gazette
24-05-2025
- Business
- India Gazette
Assam CM meets industry leaders in New Delhi, urged to fulfill Advantage Assam 2.0 commitments
New Delhi [India], May 24 (ANI): Assam Chief Minister Dr Himanta Biswa Sarma on Saturday met top industrialists on the sidelines of ongoing Rising North East Summit 2025 in New Delhi and asked them to fulfill their commitments made during Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, a release added. The Chief Minister met the Chairman of Vedanta Group, Anil Agarwal at his official residence here on Friday evening and asked him to operationalise the group's investment commitment made during Advantage Assam Summit held in February this year, the release by the state added. As per the release, Chairman of Vedanta, Agarwal said the group is wholly committed to Assam's growth journey and is keen to expand its footprint in the State's hydrocarbon sector. Later, taking to X (formerly Twitter), the Chief Minister Dr Himanta Biswa Sarma wrote, 'Today in New Delhi, I met the very enterprising Chairman of @Vedanta_Group, @AnilAgarwal_Ved Ji. We spoke on operationalising the group's investment commitment made during #AdvantageAssam2. Vedanta is keen to expand its footprint in the state's hydrocarbon sector.' The Chief Minister met Managing Director of ITC Hotels, Anil Chadha at his residence and discussed the potential of investment in the hospitality sector. Chadha told the Chief Minister Sarma that his group is very keen in exploring opportunities in the hospitality sector in Assam. Informing about the development, CMO Assam, tweeted, 'Anil Chadha, MD, @ITCHotels called upon HCM Dr @himantabiswa in New Delhi today. They discussed the potential of investments in Assam's hospitality sector as Chadha expressed keen interest in exploring opportunities for expansion in the state.' Assam's investor summit, Advantage Assam 2.0 secured investment commitments worth Rs 5.18 lakh crore over the next five years. The release added that CM Sarma is closely monitoring the investment commitments made by different companies during the Advantage Assam 2.0. He will hold one-to-one meeting with the industry leaders in the national capital on May 26. 'The Chief Minister has started individual discussions with the companies about how to go about realising the investment on the ground, what kind of incentives they might need, land they would need. We will prepare the preparatory roadmap over the next six months,' a senior official privy to the development said. 'If even a significant portion of the pledged investments materialises, Assam could emerge as a leading industrial hub in the Northeast and beyond. Therefore, the focus now shifts to implementation and execution, ensuring that these investments translate into job creation, infrastructure development, and long-term economic benefits for the state,' the official added. 'The roadmap will focus on addressing key challenges such as land allocation, ease of doing business, and incentive structures to ensure that projects move from paper to reality,' the official added. To achieve the goal, the Government of Assam plans to carefully analyse investment proposals in the current financial year and work toward a comprehensive roadmap within the next six months, the release added. (ANI)
