The ratings agency ICRA stated Thursday that Indian airport operators should anticipate see 18–20% year-over-year (y-o-y) increase in their topline this fiscal year, driven by tariff hikes, a ramp-up in non-aeronautical income, and a sustained improvement in passenger traffic. Domestic traffic increased by 9% while overseas traffic increased by 11% in FY25. New investments will…
Orders are pouring in for RVNL. After the company acquired a Rs 554.64 crore contract from NHAI, RVNL’s share price increased 3.4% to reach the day’s high of Rs 342. The order must be completed in 730 days, or just over two years. In the State of Andhra Pradesh, under NH (O) on Hybrid Annuity…
Tata Projects, the engineering, procurement, and construction (EPC) division of the Tata group, is predicting double-digit growth in the current fiscal year by placing bets on sustainability and electronics.With FY24 revenues of Rs 17,247 crore, the company made Rs 139 crore in profits last year. In FY25, its competitor L&T anticipates a 15% increase in…
