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Godrej Properties Q4 FY17 comes in at Rs 63 crore

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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."

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Concrete

WCA Welcomes SiloConnect as associate corporate member

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

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Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

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Concrete

Cortec® Corporation applauded for its strong safety performance

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.

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