Economy & Market

Godrej Properties Q4 FY17 comes in at Rs 63 crore

Published

8 years ago

May 3, 2017

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Godrej Properties Limited (GPL), a real-estate developer, has announced its financial results for the fourth quarter and year ended March 31, 2017. Its Q4 FY17 net profit came in at Rs 63 crore. FY17 net profit has gone up by 30 per cent y-o-y to Rs 207 crore. The company sold more than 1 million sq ft with a booking value in excess of Rs 560 crore at Godrej Golf Links in Greater Noida in FY17. It also delivered 4.55 million sq ft across four cities in FY17.Sales Highlights

FY2017 witnessed total booking value of Rs 2,020 crore and total booking volume of 3,109,240 sq ft;
Residential projects recorded booking value of Rs 1,784 crore and booking volume of 2,999,341 sq ft in FY17;
Commercial projects recorded booking value of Rs 237 crore and booking volume of 109,899 sq ft in FY17;
Q4 FY2017 witnessed total booking value of Rs 340 crore and total booking volume of 589,169 sq ft.
schedule

Other Highlights

27 awards received in Q4 FY17
Godrej Horizon received IGBC Gold certification

Commenting on the performance, Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said, "FY17 has been a strong year for business development as we added seven new projects with a saleable area of 18 million sq ft. We entered the Noida market and sold more than 1 million sq ft despite weak market conditions. We have started FY18 well and sold over 1,000 apartments with successful launches across Mumbai, Pune and NCR. We look forward to building on this momentum in the year ahead."

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

admin

GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.