Latest news with #WET
&w=3840&q=100)
Business Standard
03-06-2025
- Business
- Business Standard
Larsen & Toubro bags projects worth up to ₹2,500 cr from Rajasthan govt
Engineering conglomerate Larsen & Toubro has bagged an order worth ₹1,000-2,500 crore from the Rajasthan government to build and install pipelines along with reservoirs in some towns and villages in the state. L&T's Water & Effluent Treatment (WET) vertical secured key engineering, procurement, and construction (EPC) orders from the Public Health Engineering Department (PHED) of Rajasthan. Among the projects awarded is Phase II, Package-1 of the Rajasthan Rural Water Supply and Fluorosis Mitigation Project. It includes laying 5,251 km of transmission and distribution pipelines, building 38 ground-level reservoirs with a total capacity of 40 ML, constructing 20 pump houses, and erecting 132 overhead service reservoirs with a combined capacity of 25 ML. The initiative is intended to meet the potable water needs of 285 villages and the towns of Surajgarh and Udaipurwati in the Jhunjhunu district. Additional project in Ajmer district The WET business has also won a contract for the strengthening and rehabilitation of the water supply system in the Kekri-Sarwar sector of Ajmer district. This project involves the supply and installation of 43 km of transmission pipelines. L&T stated it has delivered 24 similar water infrastructure projects in Rajasthan to date. 25% rise in FY25 net profit L&T posted a 25 per cent rise in consolidated net profit, reaching ₹5,497 crore for the March quarter of the financial year 2024-25 (FY25) compared to the same period last year. Revenue grew by 11 per cent to ₹74,392 crore, while EBITDA rose 13.4 per cent year-on-year to ₹8,202 crore. The company's operating margin edged up to 11 per cent, from 10.8 per cent in the previous financial year. The board has recommended a final dividend of ₹34 per equity share. Order inflows for the year reached ₹3.57 trillion, up 18 per cent year-on-year, led by wins in infrastructure and energy. International orders, driven by sustained capex activity in the Gulf region, outpaced domestic wins for the second straight year.
Hamilton Spectator
30-05-2025
- Business
- Hamilton Spectator
SHARC Energy Announces Q1 2025 Financial Results
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ('SHARC Energy' or the 'Company') is pleased to announce it has filed financial results for the three months ended March 31, 2025. All figures are in Canadian Dollars and in accordance with IFRS unless otherwise stated. First Quarter Financial Highlights: Michael Albertson, Chief Executive Officer and President of SHARC Energy, said, 'We are off to a strong start to the 2025 fiscal year with the Company reporting revenue of just over $1 million which represents a 30% increase over Q1 2024 and 47% of the full year revenue earned in the 2024 fiscal year. More importantly, despite the delivery of revenue, Sales Order Backlog increased by 18% and represents a 64% improvement over 2024 revenue sitting at $3.5 million as of the reporting date. SHARC Energy's revenue growth continues to gain momentum.' Mr. Albertson continues, 'We recently disclosed key District Energy System ('DES') projects, Lebreton Flats in Ottawa and Senakw in Vancouver, which are leveraging SHARC Wastewater Energy Transfer (WET) systems as the core component to power their thermal networks harnessing wastewater as the key renewable resource. WET supported solutions continue to grow in awareness and acceptance with the Company learning of projects in planning across North America and globally. In the Greater Vancouver, British Columbia region alone, there are several municipal or utility supported DES/Thermal Energy Networks ('TENs') ranging in size and scale in different stages of development that will increase SHARC Energy's local footprint over the next few years. In the United States, legislation allowing or mandating utilities to develop DES/TENs demonstration projects or pilots have been passed in eight states, including the State of New York and recently added California, where the Company has installations in progress, projects in design and a growing list of leads looking to implement Wastewater Energy Transfer with DES/TENs.' 'We are continuing to progress into new sectors for the SHARC and PIRANHA with promising opportunities developing within wastewater treatment facilities, universities, water utilities, correctional facilities and the design & build/energy sectors. These sectors are increasingly receptive to SHARC Energy's offerings which is promising as these sectors can provide fewer regulatory hurdles, long-term customer relationships, shorter sales cycles, and the potential for larger-scale projects. The Company anticipates the closing of new business in these adjacent sectors as early as this year.' 'Furthermore, SHARC Energy is gearing up to launch new products in its portfolio which will be introduced to the market soon. With the support of original equipment manufacturer relationships SHARC Energy has, we feel there is significant opportunity to better serve more customers and increase our revenue and margin dollars earned going forward. SHARC Energy's tailwinds are strong and set to propel the Company to profitability in the coming years. We are very excited about our position in the thermal energy market.' stated Mr. Albertson. Q1 2025 Highlights and Subsequent Events For complete financial information for the three months ended March 31, 2025, please see the Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis ('MD&A') filed on SEDAR at . About SHARC Energy SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy's systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings along with thermal energy networks, commonly referred to as 'District Energy'. SHARC Energy is publicly traded in Canada ( CSE: SHRC ), the United States ( OTCQB: INTWF ) and Germany ( Frankfurt: IWIA ) and you can find out more on our SEDAR profile. Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA | SHARC ON BEHALF OF THE BOARD Fred Andriano Chairman The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as 'anticipate', 'plan', 'estimate', 'expect', 'may', 'will', 'intend', 'should', and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy's actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation. 1 Sales Pipeline is a non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2025 MD&A. 2 Sales Order Backlog is a non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2025 MD&A. 3 Adjusted EBITDA is a non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2025 MD&A.
Tourism Breaking News
27-05-2025
- Business
- Tourism Breaking News
Dalands Holding to launch W Residences Al Marjan Island Valued at AED 1.5 billion
Post Views: 21 Dalands Holding, in collaboration with Marriott International and with the support of 'Marjan', the master developer of freehold property in Ras Al Khaimah, has announced the signing of W Residences Al Marjan Island, valued at AED 1.5 billion. Set to open in Q4 2027, W Residences Al Marjan Island will be co-located with the W Al Marjan Island hotel, introducing a bold fusion of vibrant hospitality and elevated residential living to one of the UAE's most iconic beachfront milestone marks a new chapter in Dalands Holding's expansion into the UAE, building on its successful track record of developing boutique resorts and high-end residences. Arch. Abdulla Al Abdouli, CEO of Marjan, added: 'W Residences Al Marjan Island is a significant addition to our expanding portfolio of world-class developments on the island. We are pleased to welcome global brands like W Hotels and leading developers like Dalands Holding who have long-standing credibility as a hospitality-focused developer. This project will further enhance our position as a preferred destination for luxury living and investment, while enriching the cultural and economic landscape of Ras Al Khaimah.' Saurabh Gupta, CEO of Dalands Holding, said, 'We are delighted to introduce W Residences to Al Marjan Island; a development that embodies our vision for creating iconic destinations rooted in design, service, and a vibrant sense of place. Co-locating these 201 W Residences with W Al Marjan Island ensures an unmatched lifestyle offering, combining private, luxury living with access to exceptional hospitality services. These fully furnished residences, supported by a world-class hotel experience and direct access to the beach, is what sets this project apart.' The residences will feature a range of exquisitely designed luxury homes, offering sweeping views and direct access to 130-metres-long beachfront. Each element of the development reflects the bold, irreverent spirit of the W Hotels brand, from cutting-edge interiors to the signature Whatever/Whenever© services. A wide array of exclusive amenities is planned to elevate the living experience for the residents. These include an exclusive reception area, WET® infinity pool deck, a plush resident's lounge, the brand's signature FIT® fitness hub including a yoga studio, a beachside lounging zone, a mini 'Screening Room', and dedicated entertainment spaces for private events and parties. With seamless access to select hotel services, residents will also get to enjoy the best of both worlds — privacy and comfort at home, and the vibrant, social energy of W Hotels in the same premise. 'This launch marks an exciting milestone for Marriott International as we continue to grow our luxury residential footprint in the region,' said Sandeep Walia, Chief Operations Officer, Middle East & Luxury, Europe, Middle East & Africa – Marriott International. 'W Residences Al Marjan Island reflects the evolving expectations of today's luxury consumer — seeking more than just a home, but an immersive lifestyle destination. We are proud to continue our collaboration with Dalands Holding and Marjan to bring this bold new residential offering to life alongside W Al Marjan Island.' The residences represent a seamless fusion of upscale beachfront living and contemporary luxury hospitality. Positioned along the island's pristine coastline, this development is poised to become a landmark address and a symbol of refined lifestyle in the Northern Emirates.
What's On
30-04-2025
- Entertainment
- What's On
Make a splash at WET Deck, your ultimate getaway
Sponsored: Your luxury pool escape… Looking for the ultimate daycation in Dubai? Head to WET Deck at W Dubai – The Palm, where sun, fun, and luxury come together. With a Day Pass offering stunning views, a refreshing pool, and delicious drinks, it's the perfect spot for both lively adults-only getaways and relaxed family days. Savour exceptional service and a stylish ambiance, all at incredible value. Choose between WET Deck, the playground just for adults to have some fun, where DJs spin fresh beats daily, or WET, the family-friendly pool and beach area perfect for a relaxed day in the sun with the little ones. With a fully redeemable day pass on food and beverages, guests can sip and savour from a delicious menu featuring mouth-watering eats like tempura prawns, asian beef salad or a banoffee sundae, and refreshing drinks, perhaps an ice-cold pint or a glass of champagne. For those wanting to turn up the luxury, WET Deck also offers a range of cabana experiences, including private cabanas complete with Jacuzzis for the ultimate poolside indulgence. It's relaxation, redefined. Prices: Day Pass: Dhs250 (weekdays), Dhs350 (weekends & public holidays) – fully redeemable on food and beverages. Luxury Cabanas: Starting from Dhs800 at WET Deck. Whether you're lounging by the pool, enjoying signature bites, or vibing to the daily DJ sets, WET Deck delivers a full day of entertainment and luxury. Every Tuesday, from 12pm to 4pm, the ladies get treated to a day especially for them. For only Dhs199 for ladies and Dhs299 for gents you'll get unlimited beverages and a dish from the weekly changing Ladies Day Menu, such as tuna poke bowl, or beetroot orange and quinoa salad. WET Deck, W Dubai – The Palm, daily, (adults only) Mon to Thurs, 10am to 7pm, Fri to Sun, 10am to 9pm, WET & Beach (family area) 8am to 7pm, Tel: (0) 4 245 5555, @wetdeckdubai Images: Supplied > Sign up for FREE to get exclusive updates that you are interested in
Zawya
13-03-2025
- Business
- Zawya
L&T wins large Saudi desal project with Lantania
Saudi Arabia - The Water & Effluent Treatment (WET) business of L&T, along with Lantania of Spain, has signed a contract with ACWA Power, a major developer in the Middle East, to build the Ras Mohaisen Desalination plant in Saudi Arabia. The WET unit won the order in a joint venture with Lantania of Spain, wherein it happens to be the lead partner, the company said. L&T has classified it as a 'large' contract with a value between $287.17 million and $574 million. Ras Mohaisen Desalination plant will have a capacity of 300,000 cu m/day. The project's scope includes design, procurement, construction, testing and commissioning of a seawater reverse osmosis desalination plant. It encompasses intake and outfall facilities, process units, pumping stations, 600,000 cu m potable water storage facility, electrical special facility and associated works along with state-of-the-art automation and instrumentation systems. A Solar PV plant is also part of the project scope. The plant will serve as a drinking water source for Makkah Al-Mukarramah and Al-Baha regions, benefiting about one million population. This is the second desalination order that L&T has received in Saudi Arabia in the recent past and it strengthens WET's presence in the Middle East region. This large order underscores WET's resolve to expand its regional footprint across all neighboring and business-conducive geographies, the company said. Larsen & Toubro is a $27 billion Indian multinational enterprise engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
