Havells India Limited has delivered exceptional FY26 results, with annual revenue crossing ₹22,500 crore and net profit surging 15% to ₹1,689.25 crore compared to ₹1,470.24 crore in FY25. The leading Fast Moving Electrical Goods (FMEG) company demonstrated strong growth momentum with revenue from operations growing to ₹22,527.77 crore from ₹21,778.06 crore in the previous fiscal year. The quarterly performance was particularly robust, with revenue jumping to ₹6,705.20 crore representing a 20% sequential growth and quarterly net profit reaching ₹723.39 crore compared to ₹300.05 crore in Q3FY26. The company's Basic EPS rose to ₹26.95, reflecting increased shareholder value, while total income reached ₹23,022.16 crore supported by a sharp rise in Other Income which hit ₹494.39 crore for the year.
Himadri Speciality Chemicals has commenced operations at its first anode material production facility at Mahistikry, Hooghly, West Bengal, with an initial installed capacity of 200 MTPA. According to reports from The Hindu BusinessLine, this facility represents the result of over 10 years of in-house research and development, covering the entire anode technology value chain from raw material processing to finished anode material. The development strengthens the company's differentiated capabilities in advanced battery materials, positioning it to address accelerating global demand from electric vehicles and energy storage systems.
Larsen & Toubro has incorporated a wholly owned subsidiary, Vyoma.AI (VAL), on April 22 to establish data centres and AI infrastructure for providing technology-enabled services. As reported by The Hindu BusinessLine, L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. The subsidiary formation signals the company's strategic entry into the artificial intelligence infrastructure sector.
Godawari Power and Ispat's wholly owned subsidiary Godawari New Energy (GNEPL) has entered into a Supply Agreement with Shanghai Shenyi Roche Energy Technology (Roche Energy) for the supply of Balance of System for 5 MWh DC Block on CKD basis. According to reports from The Hindu BusinessLine, this agreement covers GNEPL's first phase of 20 GWH Battery Energy Storage System at Sambhajinagar, Maharashtra. The supply agreement provides crucial benefits by securing stable, reliable, and cost-effective supply chain for GNEPL, ensuring consistent quality for manufacturing BESS.
Birla Corporation has commenced coal mining operations at its Bikram Coal Mine in Burhan, Shahdol, Madhya Pradesh from April 23. As reported by The Hindu BusinessLine, the mine has an annual production capacity of 9.44 Million Tonnes of thermal coal. The company stated this strategic expansion of mining operations will strengthen its position in the thermal coal segment.
Gujarat Gas Ltd is supporting the revival of the ceramic industry in Morbi by ensuring uninterrupted gas supply and price stability amid recent geopolitical disruptions. According to reports from The Hindu BusinessLine, Gujarat Gas is the authorised supplier of Piped Natural Gas (PNG) in Morbi. Star Cement, a subsidiary of Star Cement North East, has acquired Jaitaran Renewable Power (JRPPL)'s shareholding, making JRPPL a wholly owned subsidiary and step-down subsidiary of Star Cement. Additionally, Inventurus Knowledge Solutions will acquire 100% of US-based TruBridge Inc for $565 million.
Rolex Rings has approved a share buyback proposal worth up to ₹180 crore at a price of ₹180 per share, comprising the purchase of 1 crore shares. As reported by The Hindu BusinessLine, the promoters of the company have indicated their intention not to participate in the proposed buyback. These announcements highlight strong corporate activity across sectors, ranging from manufacturing expansion to major acquisitions and share buybacks, signalling continued momentum in India's corporate sector.
