Indian snacks giant, Prataap Snacks Limited, posted modest gains in its Q2 results for fiscal year 2025, reporting a 5% revenue increase year-over-year, with revenue hitting ₹4,411 million for the quarter ending September 30, 2024. The company faced significant inflationary pressures impacting raw material costs, yet managed to secure growth, particularly within its pellet snacks […]
Imagicaaworld Entertainment Limited, a leading name in the amusement park industry, has announced its strategic decision to acquire four operational parks located in Maharashtra (Lonavala and Shirdi) and an under-construction water park in Indore. The total consideration for this acquisition is Rs. 770 Cr, to be paid over 2.5 years, pending shareholder and regulatory approvals. […]
In a significant development for India’s alco-beverage industry, Associated Alcohols & Breweries Limited (AABL) has announced the commencement of commercial production at its new ethanol plant situated near Indore, Madhya Pradesh. This state-of-the-art facility, set up with an investment of approximately Rs. 150 Cr, marks a major step forward in AABL’s commitment to clean energy […]
Healthcare Global Enterprises Limited (HCG), India’s premier cancer care network, today unveiled its ambitious acquisition of the SRJ CBCC Cancer Hospital in Indore. This game-changing move fortifies HCG’s steadfast mission to render unparalleled cancer care throughout India. As part of its comprehensive expansion strategy, HCG aims to enhance the hospital’s infrastructure by adding 100 state-of-the-art […]
Patel Engineering Limited, a leading civil construction company specializing in hydropower and irrigation, has received a letter of award for an Urban Infrastructure Development Project worth Rs. 1,275.30 crores. The prestigious contract, aimed at bolstering Madhya Pradesh’s water supply infrastructure, was secured in partnership with a JV partner and comes from Madhya Pradesh Jal Nigam. […]
In a significant boost for infrastructure and water supply in Madhya Pradesh, the state-run Madhya Pradesh Jal Nigam has declared Patel Engineering Limited (“PEL”), a Mumbai-based infrastructure firm, as L1 in a Joint Venture. The colossal contract, worth Rs. 1,275.30 crore, involves a myriad of responsibilities encompassing Engineering, Procurement, Construction, Testing, Commissioning, and a 10-year […]
A chilling episode unfolded late Thursday night in Indore’s Krishna Bagh Colony. What started as a trivial argument over barking pet dogs spiraled into a nightmarish shooting spree, leaving the neighborhood in shock and terror. Rajpal Singh Rajawat, a seemingly innocuous bank security guard from a local branch of Bank of Baroda, turned the quiet […]
The Indore Police have lodged an FIR against senior Congress leaders including Priyanka Gandhi Vadra, MP Congress chief Kamal Nath, and ex-union minister Arun Yadav. This move comes in the wake of accusations against the Madhya Pradesh BJP government of corruption, purportedly spread via the ‘X’ social media accounts (formerly Twitter) of these leaders. The […]
Lokesh Machines (LML) has signed an incubation agreement with Raja Ramanna Centre for Advanced Technology (RRCAT), which is part of the Indian government-owned Department of Atomic Energy (DAE). The signing took place at Indore on the 20th of February 2023. The agreement is to allow for the incubation of a laser additive manufacturing system using […]
Prataap Snacks said that the revenue for the quarter ended 31 December 2022 was INR 4,264.5 million, a year-over-year (YoY) growth of 11%. The Indore-based snacks food company has reported a profit after tax (PAT) of INR 58.2 million for the third quarter of the fiscal year 2023 (Q3FY23). Prataap Snacks said that its diluted […]