French energy company Engie (ENGIE.PA) on Friday raised its full year guidance for recurring net income and operating profit, pointing to a strong performance in its GEMS unit in April and May. For 2023, the energy group now projects a net recurring income group share (NRIgs) in the range of 4.7-5.3 billion euros, against a […]
ENGIE : Utility Engie to Boost Investments in Renewables and Step Up Asset Sales
PARIS : French power company Engie announced on Tuesday plans to boost investments in the renewables sector and step up disposals of non-core assets, as part of a strategic program to improve its business performance. Engie said it was targeting between 9-10 billion euros ($11-$12 billion) worth of disposals over 2021-2023, which in turn would […]
L&T Q4 Result: Profit Rises 3% to Rs 3,293 Crore, Order Inflow Drops 12% to Rs 50,651 Crore
The consolidated order book of the L&T group stood at Rs 3,27,354 crore as of March 2021, a robust growth of 8 percent over March 2020. Engineering and infrastructure major Larsen & Toubro on May 14 reported consolidated profit at Rs 3,292.81 crore for the quarter ended March 2021, registering a 3 percent growth compared […]
Siemens Gamesa warns coronavirus will keep squeezing 2020 finances
That profitability gauge had stood at 7.5 per cent a year earlier. The company’s bottom line also turned to a net loss in the quarter, but Chief Executive Marcus Tacke said he still believed it had good long-term prospects Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused […]
