Ammann Presents Sustainable Solutions at Intl’ Conference
K. Saravanakumar, Regional Manager at Ammann, was a key presenter at the International Conference on ‘Infrastructure Development – Issues, Innovations and the Way Forward’ held from 21-23 June 2018 at Kanakakkunnu Palace, Thiruvananthapuram, in the southern state of Kerala.
K. Saravanakumar gave an insightful presentation on “Sustainable Asphalt Pavement Technology and Green Initiatives in Asphalt-Mixing Plants,” to an audience of senior engineers from private and public sectors, academicians and other industry experts.
The conference was organized by the Department of Civil Engineering of Mar Baselios College of Engineering and Technology (MBCET) and was co-sponsored by the Kerala Infrastructure Investment Fund Board (KIIFB). Ammann was a Gold Sponsor for the event.
Escorts' Profit Hits Upper Circuit
Escorts Limited has reported profit of ₹120.7 crore in quarter ended June 30, 2018 up by 92.7% as against a profit of ₹62.6 crore in corresponding quarter of the previous fiscal and up by 7.2% as against ₹112.5 crore in sequential quarter.
Revenue from operations up by 29.9% correspondingly to ₹1,511.3 cr and up by 5.2% sequentially.
EBIDTA for the quarter correspondingly up by 90.2% at ₹185.5 crore against ₹97.5 crore in quarter ending June 2017 and sequentially up by 6.8% against ₹173.8 crore in quarter ending March 2017. EPS reported at ₹10.10 as against ₹5.24 in corresponding quarter.
Speaking on the results, Nikhil Nanda, Managing Director, said, “At Escorts, we are in a continuous process of developing solutions that are intelligent, environmentally safer and providing better value to our customers. Apart from our focus on advanced technologies such as electric and autonomous tractors, we are partnering global IT, engineering and technology driven firms to develop products that will fundamentally change the way in which farming is done. Similarly, our focus on urban smart infrastructure and safe railway transport segments is tapping into technology driven sectors. With a strong focus on innovation and quality across Agri Machinery, Construction and Railways, the company will continue to strengthen its product offering and leverage the improved market conditions.”
The reviewed accounts of the quarter ending June 2018 has been approved by the Board of Escorts Limited.