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Polycab India records 12% growth in wires and cables business in Q3 FY25

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Polycab India Ltd reported a 12% YoY growth in its wires and cables segment for Q3 FY25. While cable demand remained strong, copper price declines and high channel inventory led to a slowdown in the wires business.  The international segment saw a remarkable 62% YoY growth, contributing 8.3% to total revenue. EBIT margins rose by 120 basis points QoQ to 13.5%, driven by normalised wires margins and the international business’ strong performance. The EPC business…

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Kalpataru Projects secures Rs 10.11 billion orders

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Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 10.11 billion. These orders span multiple sectors, including: Transmission & Distribution (T&D) business in overseas markets Railway business in India Buildings & Factories (B&F) business in India Manish Mohnot, MD & CEO of KPIL, expressed satisfaction with the strong order inflows, which have bolstered the company’s order book, with year-to-date (YTD) inflows surpassing Rs173 billion. 85% of these orders come…