Category: Press Release

Ahmedabad (Gujarat) [India], May 16:  Ahmedabad based, Rajesh Power Services Ltd (BSE Code: 544291) engaged in the business of providing consultancy to state transmission and distribution companies and private utilities and industries has reported net profit of Rs. 93.36 crore for the Financial year 2024-25 ended March 2025 as compared to the net profit of Rs. 26.02 crore in the corresponding period of FY 2023-24, Y-o-Y growth of 258%. Total income of the company in FY2024-25 also grew over 277% Y-o-Y to Rs.  1114.66 crore as compared to total income of Rs. 295.06 crore in the FY 2023-24. EPS of the company for the FY2024-25 was reported at Rs. 57.74 per share.

For the six months period (October 2024 to March 2025) ended 31^st March 2025, company reported net profit of Rs. 65.2 crore, growth of 131% as compared to the net profit of Rs. 28.16 crore reported in the first six month (April 2024 to Sep 2024) of the financial year. Total income during H2 of FY 2024-25 was reported at Rs. 792.89 crore, 146% growth over total income of Rs. 321.77 crore reported in the H1 of FY 2024-25.

On 23^rd April 2025, company has secured fresh orders worth Rs 1116 crore from government and institutional clients, reinforcing its strong presence in the engineering, procurement and construction sector. The orders include turnkey contracts for the supply, installation, testing and commissioning of 11/22kV high-tension underground and overhead networks, and 220/66kV gas-insulated and air-insulated substations across Gujarat. The company will also execute projects for 132kV/66kV underground cable installation. These projects are scheduled for completion within 12 to 18 months, providing robust revenue visibility.

Key Highlights:

• Total Income for FY25 was reported at Rs. 1114.66 crore
• Company recently secured new orders inflows worth Rs. 1,116 Crores from a combination of government and institutional customers.

Company has raised Rs. 160.50 crore by the way of its IPO in the month of November 2024. The IPO comprises of fresh issue of Rs. 93.47 crore and offer for sale of Rs. 67 crore. Company’s shares are listed on BSE SME exchange on 02 December, 2024.

Established in 1971, Rajesh Power Services Ltd PSL is one of the leading specialized Engineering, Procurement & Construction (EPC) companies engaged in the Power Transmission & Distribution Sector. RPSL is providing its services across various verticals including Turnkey execution of GIS Substations, AIS Substations, Extra High Voltage Power Cables and Transmission Lines, and Construction of Distribution Systems. A concentrated, customer—focused approach and the mission to deliver top-class quality have enabled RPSL to maintain its position in its core business area for over five decades.

The company caters to government and institutional customers across India. As of March 2024, Rajesh Power Services Limited had a strong order book valued at Rs. 2,358.17 crore, This order book represents projects to be executed over the next three financial years, demonstrating the company’s robust pipeline of work. The company focuses on executing turnkey projects, operation & maintenance, and consultancy services, particularly within the power utility sector.

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New Delhi [India], May 16: Zordo Technologies has officially launched FareArena, a fresh online platform aiming to cater to the growing needs of low-cost flight tickets and budget-friendly travels. In an era where passengers are looking more and more towards saving money without sacrificing convenience, FareArena serves them just right — discounted booking of flights, easy navigation, and efficient assistance for domestic and international flights alike.

FareArena is a complete travel booking website that not only provides cheap airfare but also access to cheap airline deals, hotel reservations, and special travel discounts. Whether you’re taking an impromptu trip or a well-planned holiday, FareArena assists you in discovering the cheapest flight deals according to your budget.

Complete Details about FareArena

1. How does FareArena provide cheap flight tickets?

FareArena consolidates fares from more than one airline and compares prices in real-time to provide you with the lowest airfare comparison. This guarantees that customers receive access to the lowest airfare without having to look around on numerous websites.

2. Can I reserve international flights at a discount?

Yes. FareArena also provides discounted flight booking for international routes. New York, Dubai, London, Bangkok – whatever be the destination, FareArena has all the top global routes covered with budget flights.

3. Is last-minute booking supported?

Yes. With instant fare updates and confirmation, FareArena is a last-minute flight deal haven where spontaneous flyers can book flights on the go without paying a premium.

4. How is FareArena different from other sites?

Unlike most travel sites that have hidden fees or advertise higher prices, FareArena prioritizes transparency by providing budget airline offers and promo codes to customers. The simple interface and safe payment methods add to the overall experience.

5. Is there hotel booking too?

Yes. FareArena is not limited to flights; it also offers competitive hotel rates, making it a full-fledged travel planning package.

With FareArena, Zordo Technologies is revolutionizing the world of online airline booking in India and the world. Whether you’re traveling alone or booking for a group, you’ll enjoy unmatched deals with a focus on ease and economy.

For travelers looking for inexpensive flight tickets, low airfare, and an easy-to-use website, FareArena is fast becoming the go-to option.

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Ahmedabad (Gujarat) [India], May 15:  In a heartfelt gesture celebrating the spirit of motherhood, Zaveri & Co., one of Gujarat’s most iconic jewellery brands, hosted a special Mother’s Day gathering on May 10th, uniting employees, their mothers, and children from across all branches in a celebration full of love, joy, and meaningful moments enhancing the joy of motherhood.

The event was marked by warmth and laughter as women employees from every branch came together for an engaging afternoon of games, bonding activities, and a delightful cupcake decoration competition. What made the celebration even more meaningful was the thoughtful decision to distribute the beautifully decorated cupcakes to local old-age homes, bringing smiles and a sense of belonging to elderly mothers who often go unnoticed.

“At Zaveri & Co., we believe in celebrating relationships that matter, both within our teams and beyond. This Mother’s Day, we wanted to go a step further and spread love not only to our employees and their families but also to the forgotten mothers in old age homes,” said a managing director, Raj Mandalia from Zaveri & Co.

This unique celebration was more than just a company event; it was a tribute to maternal love in all its forms. By connecting different generations and acknowledging the often-overlooked elderly, Zaveri & Co. added a layer of compassion and social responsibility to their festivities.

The initiative highlighted the brand’s commitment to nurturing a culture of care and inclusion, not only within the organization but also in the community at large.

About Zaveri & Co.
 Zaveri & Co. is one of Gujarat’s leading luxury jewellery houses, known for its timeless craftsmanship, exquisite designs, and commitment to celebrating tradition with a modern touch. With decades of heritage and a customer-first approach, the brand continues to redefine elegance and emotion through every piece it creates.

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Mumbai (Maharashtra) [India], May 15: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE Limited through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.

The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice discounting, Emerald is empowering SMEs to optimize their receivables cycle and maintain business continuity without liquidity stress.

This partnership aligns with Emerald’s broader goal of delivering efficient, technology-enabled financial solutions to underserved segments. Emerald sees strong potential in the bill discounting segment and plans to expand this offering as part of long-term growth strategy. With increasing demand for flexible credit options among SMEs, Emerald aims to drive inclusive financial access and strengthen its presence in the SME lending ecosystem.

Comment on this Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, “We are thrilled to announce our strategic partnership with Baya PTE Limited, marking a significant step in our commitment to empowering SMEs in India. This collaboration will enhance our bill discounting services, enabling SMEs to access working capital quickly and efficiently, ultimately improving their cash flow and supporting their growth. We recognize the critical role SMEs play in driving the economy, and we are proud to support them in maintaining business continuity, particularly those supplying to large corporates like JSW Steel, Delhivery, and PVR INOX.

As we continue to innovate and expand our financial solutions, we see immense potential in the bill discounting segment. This partnership is a key part of our long-term growth strategy to provide inclusive financial access, and we are excited about the opportunity to strengthen our position in the SME lending ecosystem. By leveraging technology to deliver efficient solutions, we are confident that we will help SMEs navigate liquidity challenges and unlock new growth opportunities.”

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New Delhi [India], May 15: Zordo Technologies, a startup name to be reckoned with in the field of travel tech, has recently launched FareArena, an engaging and user-oriented flight and accommodation booking website focused on providing discounted flight tickets to domestic and global travelers. The goal of FareArena is to make the experience of planning for a trip an easy one by providing users with affordable airline ticket offers and cheapest airfare choices with minimal mouse clicks.

With the travel market experiencing a boom in post-pandemic travel, there has never been a greater demand for an online booking of flights solution that is affordable, fast, and secure. FareArena is unique in that it offers an unproblematic cheap flight booking platform that allows travelers to cut costs on trips without sacrificing quality or convenience.

FareArena specializes in offering low-cost air travel options via strategic alliances with major airlines and travel companies. Whether you need to book a last-minute weekend break or an extended business travel, FareArena guarantees best deals on flights optimized to meet the needs of each budget. FareArena is particularly convenient for individuals looking for discounted last-minute offers on flights since it enables customers to compare costs in real-time and book the most cost-saving fares.

One of the prime advantages of FareArena is its powerful cheap flight comparison website. Users can simply filter and sort flights according to price, duration, airlines, etc., and other important factors. This feature allows travelers to make informed choices while they keep their travel expenses under check.

FareArena is not merely a web site for booking flights,” asserts a representative from Zordo Technologies. “It’s a total travel companion that prioritizes customers by providing low-cost airfare options, easy-to-use interface, and special promotional discounts not found anywhere else.

In addition to flight bookings, FareArena also deals in hotel booking, thereby ensuring it is the go-to site for all one’s travel purposes. The amalgamated experience guarantees that visitors can book an entire trip under one umbrella—saving both their time and expenses.

Among the saturated landscape of travel sites, FareArena separates itself on principles of simplicity, affordability, and trust. On its debut day, Zordo Technologies solidifies its intention of revolutionizing traveling for frugal users worldwide.

To enjoy hassle-free and affordable travelling, log on to FareArena today and discover the world with the most competitive flights online.

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New Delhi [India], May 14: In an age of fast fashion and fleeting trends, a quiet revolution unfolded in the historic lanes of Pune—draped not in denim, but in sarees. On Mother’s Day, RURIethnic Sarees, a handloom saree brand based in Aundh, hosted its first-ever Heritage Walk: a curated experience that brought together Pune’s history and the lived beauty of the saree.

The walk began at Mandai Police Chowki at 7:45 AM and led the saree lovers on a three-hour trail filled with stories, architecture, and meaningful connection. But this wasn’t a tourist stroll. It was a community-led celebration of womanhood, tradition, and the saree as something more than festive wear, a garment lived in every day.

“The saree has always moved with us from kitchens to boardrooms, from rituals to revolutions,” said Shilpi Deshpande, founder of RURIethnic.

“This walk was our tribute to that journey. Seeing women walk through old Pune draped in their own stories, it felt like the beginning of something meaningful.”

Everyone came draped in sarees they loved. Many chose soft cottons to embrace the summer morning. Some came with friends; others came solo. But what united them was their shared love for sarees and heritage. Laughter, quiet moments, and stories were exchanged as easily as steps.

The emphasis was on ease, inclusivity, and real connections, a reflection of what RURIethnic has always stood for.

RURIethnic has become a space for saree lovers who see their drapes as more than attire. Known for its thoughtfully curated collections and storytelling-first approach, the brand is steadily building a community around the saree, what they lovingly call the RURISitara circle.

The walk falling on Mother’s Day added a gentle layer of meaning, a tribute to the many roles women carry, often wrapped in six yards of memory and resilience.

This walk was more than a brand activity. It was the start of a larger vision: a series of culture- rooted experiences that bring women together through Indian textiles, shared traditions, and stories waiting to be told. This event is just the beginning. RURIethnic plans to host more such experiences across the city, blending heritage, sarees, and storytelling. The goal is to make sarees more visible, more accessible, and more loved, one lived-in experience at a time.

Visit RURIethnic today and explore Pune’s most beloved saree destination, where tradition meets contemporary elegance, and every saree becomes a treasured part of your story. RURIethnic Sarees: 106B Seasons Business Square, 1st floor, A wing, Seasons Road, Sanewadi, Aundh, Pune – 411045, +91 9172777874

Website: www.ruriethnic.com

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Mumbai (Maharashtra) [India], May 14: The Manmade and Technical Textiles Export Promotion Council (MATEXIL) is set to host a Seminar in Indore, Madhya Pradesh on May 16, 2025, with the active support of the Madhya Pradesh Industrial Development Corporation (MPIDC). The event is being held for the first time in the state with the encouragement and initiative of Dr. Mohan Yadav,  Chief Minister of Madhya Pradesh, and  Sanjeev Saran, Former Chairman, MATEXIL.

MATEXIL is the designated Export Promotion Council for Man-Made Fibre Textiles, covering Fibre, Yarn, Fabrics, Made-ups (including Home Textiles), and Technical Textiles, with a strong membership base of over 5,000 companies.

Commenting on the upcoming seminar, Shri Shaleen Toshniwal, Chairman, MATEXIL, said,

“The objective of this seminar is to disseminate key information on Capacity Building in Man-Made Fibre Textiles, Home Textiles, and Technical Textiles, and to deliberate on strategies to boost exports from Madhya Pradesh.”

Toshniwal noted that Madhya Pradesh holds tremendous potential for the growth of exports in blended fabrics, made-ups, apparels, and technical textiles, owing to its unique strengths.

“Madhya Pradesh offers several natural advantages such as the availability of raw materials, skilled manpower, reliable power and water supply, and the emergence of new textile parks. These factors make the state an attractive destination for investment and growth in the textiles sector,” he added.

Toshniwal further highlighted that the state has a rich textile heritage and is well-positioned to become a major player both domestically and globally.

The seminar will also feature presentations by senior state government officials outlining the textile policies of Madhya Pradesh and the various forms of support extended by the government for the development of the textiles and clothing sector.

Chairman Shaleen Toshniwal extended his heartfelt gratitude to the  Chief Minister, Dr. Mohan Yadav, for his unwavering support and encouragement in making this event a reality.

visit: www.matexil.org 

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Mumbai (Maharashtra) [India], May 13: KRN Heat Exchanger and Refrigeration Limited (NSE – KRN | BSE – 544263), One of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils has announced its Audited Financial Results for Q4 and FY25.

Q4 & FY25 Key Financial Highlights

Q4 FY25 Consolidated Financial Performance:

• Total Income: ₹135.83 Cr, YoY growth of 62.30%

• EBITDA: ₹18.89 Cr, YoY growth of 7.48%

• Net Profit: ₹14.87 Cr, YoY growth of 23.44%

• EPS: ₹2.39, YoY change of -8.78%

FY25 Consolidated Financial Performance:

• Total Income: ₹441.71 Cr, YoY growth of 40.79%

• EBITDA: ₹70.51 Cr, YoY growth of 20.63%

• Net Profit: ₹52.88 Cr, YoY growth of 34.25%

• EPS: ₹9.75, YoY growth of 11.30%

Q4 FY25 Standalone Financial Performance:

• Total Income: ₹132.16 Cr, YoY growth of 58.18%

• EBITDA: ₹20.24 Cr, YoY growth of 13.07%

• Net Profit: ₹13.75 Cr, YoY growth of 10.98%

• EPS: ₹2.20, YoY change of -18.52%

FY25 Standalone Financial Performance:

• Total Income: ₹438.47 Cr, YoY growth of 39.82%

• EBITDA: ₹71.01 Cr, YoY growth of 20.50%

• Net Profit: ₹50.17 Cr, YoY growth of 25.79%

• EPS: ₹9.25, YoY growth of 4.28%

Other Key Highlights for FY25 – Consolidated

1) The company reported total segment revenue of ₹429.85 Cr, marking 39% YoY growth.

• Domestic Revenue stood at ₹362.40 Cr, contributing approximately 84% of total segment revenue, reflecting a 38% increase over the previous year.

• Overseas Revenue stood at ₹67.45 Cr, accounting for 16%, and registered a 49% YoY growth, with major contributions from the UAE (₹34.87 Cr) and Canada (₹13.71 Cr).

The company also earned revenue from a diverse set of international markets including Italy, American Samoa, USA, Poland, Ireland, and Germany, underlining its expanding global reach.

2) The company has significantly reduced its debt position during FY25 with decline of 82% in long-term borrowings and a 38% reduction in short-term borrowings compared to the previous year

3) KRN is in line with the planned utilization of funds raised through the IPO, primarily towards the proposed manufacturing facility at Neemrana, Rajasthan.

Comment on Financial Performance Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited said, “FY25 has been a landmark year for KRN, with strong operational performance and key milestones. We maintained capacity utilization above 90%, reflecting healthy demand and efficient execution. During the year, we operationalized our bar-plate facility and launched a dedicated R&D arm to drive innovation. Our focus on efficiency also progressed well, with solar integration, automation, and ERP implementation enhancing transparency, cost control, and discipline. These structural improvements are set to boost our margin profile over the coming years.

Looking ahead, commercial production at our Neemrana plant under KRN HVAC is expected in Q2 FY26. This facility, with a sixfold capacity increase, will support entry into high-growth sectors like railway electrification, heavy equipment, and industrial cooling. We aim to scale capacity utilization to 80–85% over the next three years, supported by a strong order pipeline and our MoU with the Rajasthan government.

Sectoral demand remains robust, particularly in cold storage, data centers, and commercial cooling. Export opportunities, especially in North America, are improving due to favorable tariff changes. Our recent entry into the bar & plate segment is also gaining momentum in railway and industrial applications. With these tailwinds and our growing capabilities, KRN is well-positioned to tap emerging opportunities in energy-efficient infrastructure, both in India and globally.”

Q4 FY25 Key Business Highlights

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Mumbai (Maharashtra) [India], May 13: Bright Outdoor Media Limited, (BSE – 543831), a leading name in India’s out-of-home advertising, is proud to have served as the Official Outdoor Media Partner for the ABP News India @ 2047 Summit at Bharat Mandapam, New Delhi, on 6th May 2025. The summit brought together luminaries from politics, business, entertainment and adventure sports, and featured a keynote address by the Hon’ble Prime Minister Narendra Modi on India’s journey toward a “Viksit Bharat” by 2047.

As the exclusive outdoor media provider, Bright Outdoor Media’s extensive network of digital and static displays showcased summit branding, live updates and speaker highlights across key areas & venues.

The summit convened a distinguished cohort of thought leaders including Bollywood actor and filmmaker Aamir Khan; Gautam Singhania, Chairman & Managing Director of Raymond Ltd.; Jayen Mehta, Director at Amul; Gautam Gambhir, Coach of the Indian cricket team; adventurer Bear Grylls; and acclaimed singer Jubin Nautiyal—each offering insights on technology, healthcare, infrastructure and cultural revival as the foundational pillars of India’s future.

This partnership represented a landmark opportunity for Bright Outdoor Media to demonstrate its network’s breadth and impact on a truly national stage, reinforcing the company’s capability to execute large-scale, high-visibility campaigns and cementing its position as the go-to partner for India’s marquee, future-facing events.

Commenting on the development, Dr. Yogesh Lakhani, CMD of Bright Outdoor Media Limited said, “We at Bright Outdoor Media are immensely proud to have been chosen as the Official Outdoor Media Partner for the ABP News India @ 2047 Summit—a platform that not only champions the nation’s “Viksit Bharat” vision but also highlights the media industry’s pivotal role in India’s next phase of growth.

Leveraging our pan-India network, we brought the summit’s dialogue to life across key corridors, demonstrating our ability to execute high-impact, large-scale campaigns.

We are honoured to have contributed to this landmark event and look forward to the opportunities it creates for the media industry to innovate, collaborate, and power India’s storytelling into the future.”

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