Friday, November 22
Shares of ITI Ltd zoomed 10.3% to their day’s high of Rs 335 on the BSE after the company emerged as the lowest bidder for three packages of BharatNet Phase3 project for a total Value of Rs 4,559 crore.The company with its consortium partner has emerged as the L1 for Package No. 15 of BharatNet Phase-3 Project comprising Arunachal Pradesh, Nagaland and Manipur states with an order value of Rs 1,537 crore.ITI also emerged as L1 (on November 7, 2024) for Package No. 8 in the state of Himachal Pradesh, and for Package No. 9 in West Bengal, & Andaman and Nicobar Islands with an order value to Rs 3,022 crores.With this, the company has emerged as L1 for three Packages (8,9, &15) taking the total order value to Rs 4,559 crore.The BharatNet Phase-3 Project is divided into 16 Packages sp
Shares of Aarti Industries cracked 9.3% to an intraday low of Rs 430.20 on the BSE after the company reported that its profit after tax (PAT) fell by 43% on a year-on-year (YoY) basis to Rs 52 crore for the July-September quarter.The same stood at Rs 137 crore in the corresponding quarter of the previous financial year. Meanwhile, on a quarter-on-quarter (QoQ) basis, the figure had declined by 62%.The revenue from operations was, however, up by 12% YoY to Rs 1,786 crore against Rs 1,597 crore reported in the same quarter of FY24.Aarti Industries’ EBITDA stood at Rs 202 crore, which was down by 13% YoY and by 35% QoQ.However, the company’s non-energy business volumes grew by 22% YoY and an uptick was visible across end applications into dyes, pigments, polymer additives. The Agrochemica
