Tue, Feb 6, 2024 1:44 PM
Bullish on India; luxury car penetration expected to remain low till tax.
A Flip by Avya Verma
Geberit, a Swiss plumbing materials supplier, reported a 3.1% year-on-year sales increase to 2.4 billion Swiss francs, driven by new products and restocking by wholesalers, despite weak construction activity. Shares rose 6.47%, with the company expecting 1-2% net sales growth and a 29.5% EBITDA margin in 2024.
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NCC bagged multiple contracts amounting to ₹3,496 crore in October 2024, the company said in an exchange filing on Friday, November 1. All the contracts were from central and state government agencies and private companies. These projects span across the Building, Electrical, and Water divisions. The Building Division secured the largest share, with contracts worth ₹2,694 crore.
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Ashoka Buildcon has been awarded a significant contract from Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) for the establishment of a 400/220 kV substation in Nandgaon Peth, Amravati. The project, valued at ₹312.13 crore, includes GST and will involve associated transmission lines within the Amravati Zone in Maharashtra.
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