by Hansraj Agrawal | Aug 17, 2024 | Share Market
Last Updated : Aug 17 2024 | 2:31 PM IST
The heating equipment maker on Friday announced that it has received a ‘major’ order from Hindustan Petroleum Corporation (HPCL).
As per JNK Indias classification, the value of the said contract lies between Rs 150 crore and Rs 350 crore.
The contract is for setting up a new process plant – HP TDAE (Treated Distillate Aromatic Extracts) unit on LSTK (Lump sum Turnkey) contract basis at HPCL Mumbai Refinery.
The company said the order will be completed within 14 months.
JNK India manufactures heating equipment such as process-fired heaters, reformers, and cracking furnaces required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. Over the years, the company diversified into flares and incinerator systems and has been developing capabilities in the renewable sector with green hydrogen.
The companys consolidated net profit jumped 56.2%YoY to Rs 16.65 crore in Q4 FY24 Revenue from operations surged to Rs 226 crore in Q4 FY24 as compared with Rs 107.40 crore posted in corresponding quarter last year.
The script jumped 4.06% to settle at Rs 733.65 on Friday, 16 August 2024.
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First Published: Aug 17 2024 | 1:53 PM IST
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by Hansraj Agrawal | Aug 17, 2024 | Share Market
Last Updated : Aug 17 2024 | 1:50 PM IST
Sales decline 37.46% to Rs 12.42 crore
Net profit of Gawar Narnaul Highway Pvt rose 46.62% to Rs 4.12 crore in the quarter ended June 2024 as against Rs 2.81 crore during the previous quarter ended June 2023. Sales declined 37.46% to Rs 12.42 crore in the quarter ended June 2024 as against Rs 19.86 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales12.4219.86 -37 OPM %89.3747.48 –PBDT5.643.76 50 PBT5.643.76 50 NP4.122.81 47
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First Published: Aug 17 2024 | 1:37 PM IST
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by Hansraj Agrawal | Aug 17, 2024 | Share Market
Last Updated : Aug 17 2024 | 1:50 PM IST
Sales decline 25.61% to Rs 10.14 crore
Net profit of Gawar Khajuwala Bap Highway Pvt declined 32.16% to Rs 5.40 crore in the quarter ended June 2024 as against Rs 7.96 crore during the previous quarter ended June 2023. Sales declined 25.61% to Rs 10.14 crore in the quarter ended June 2024 as against Rs 13.63 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales10.1413.63 -26 OPM %91.5296.55 –PBDT7.3910.64 -31 PBT7.3910.64 -31 NP5.407.96 -32
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First Published: Aug 17 2024 | 1:37 PM IST
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by Hansraj Agrawal | Aug 17, 2024 | Share Market
Last Updated : Aug 17 2024 | 1:50 PM IST
Sales decline 9.30% to Rs 597.85 crore
Net profit of Haryana Vidyut Prasaran Nigam declined 34.74% to Rs 141.14 crore in the quarter ended June 2024 as against Rs 216.28 crore during the previous quarter ended June 2023. Sales declined 9.30% to Rs 597.85 crore in the quarter ended June 2024 as against Rs 659.15 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales597.85659.15 -9 OPM %53.9059.23 –PBDT271.60343.40 -21 PBT141.14216.28 -35 NP141.14216.28 -35
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First Published: Aug 17 2024 | 1:37 PM IST
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by Hansraj Agrawal | Aug 17, 2024 | Share Market
Last Updated : Aug 17 2024 | 1:04 PM IST
DCX Systems informed that it has received orders worth Rs 107.08 crore from domestic and overseas customers.
The company has secured contracts for the supply of electronic kits, cable and wire harness assemblies. The order is to be completed within a period of 12 months and a total cost of Rs 107,08,89,320.
DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting.
The company reported a 69.4% decrease in consolidated net profit to Rs 2.94 crore on 18.8% fell in revenue from operations to Rs 138.08 crore in Q1 FY25 over Q1 FY24.
Shares of DCX Systems slipped 2.94% to Rs 319.75 on Friday, 16 August 2024.
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First Published: Aug 17 2024 | 12:41 PM IST
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by Hansraj Agrawal | Aug 17, 2024 | Share Market
Last Updated : Aug 17 2024 | 12:04 PM IST
The shares were priced at Rs 935 per equity share.
The qualified institutional placement (QIP), which commenced on 12 August 2024, concluded on 16 August 2024, with a total of 1,06,95,187 equity shares being allotted. The shares were priced at Rs 935 per share, resulting in an issue size of approximately Rs 1,000 crore.
The issue price of Rs 935 is at a discount of 4.91%, to the floor price of Rs 983.24 per equity share set for the QIP issue.
Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the company increased from Rs 60.28 crore consisting of 12,05,65,216 equity shares of face value of Rs 5 each to Rs 65.63 crore consisting of 13,12,60,403 equity shares of face value of Rs 5 each.
Morgan Stanley Asia (Singapore) emerged as the largest allottee, securing a substantial 40.89% allocation. Following, Bofa Securities Europe SA ODI received allocations of 6.89%.
KPI Green Energy develops and maintains grid connected solar power projects and sells power units generated from the company’s solar plants.
The companys consolidated net profit surged 98.76% to Rs 66.11 crore in Q1 FY25 as compared to Rs 33.26 crore recorded in Q1 FY24. Revenue from operations climbed 83.78% year on year (YoY) to Rs 348.01 crore in Q1 FY25.
The counter declined 0.45% to end at Rs 997.95 on Friday, 16 August 2024.
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First Published: Aug 17 2024 | 11:47 AM IST
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