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RInfra’s Q2 consolidated total income rises 16% YoY
Mumbai, Nov 14 (IANS) Reliance Infrastructure (RInfra) on Wednesday reported a year-on-year rise of 16 per cent in its consolidated total income for the second quarter of 2018-19.
According to the company, the total income increased to Rs 6,683 crore from Rs 5,739 crore reported for the corresponding quarter of the previous fiscal.
“Q2 FY19 net profit of Rs 4,477 crore against Rs 544 crore in Q2 FY18, an increase of 723 per cent YoY (year-on-year), prior to one-time provision of Rs 4,200 crore,” the company said in a statement.
In addition, the firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) during Q2 rose by 45 per cent to Rs 2,440 crore against Rs 1,681 crore in the corresponding quarter of the previous fiscal.
Among the key highlights of the quarter, the company’s EPC (engineering, procurement and construction) business had an order book of Rs 27,800 crore as on September 30, 2018.
“Won 51 kms Mumbai Nagpur Expressway package 7 project worth Rs 1,900 crore,” the statement said.
In the road infrastructure segment, the company’s revenue increased by 14 per cent to Rs 289 crore from all 11 projects in Q2 FY19.
Further, RInfra earned revenue worth Rs 84 crore in Q2 FY19 from its Mumbai Metro One project.
Besides, the reveneue from the company’s Delhi distribution business stood at Rs 4,544 crore in Q2 FY19.
In arbitration awards, the company won the Delhi Metro arbitration award against DMRC worth Rs 5,600 crore including interest.
“Hon’ble Delhi HC has directed DMRC to service entire debt of DAMEPL (Delhi Airport Metro Express Private Ltd) worth Rs 1,618 crore,” the statement said.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.