Latest news with #ISO45001:2018
Kuwait Times
14 hours ago
- Business
- Kuwait Times
KD 174.6 million stc's revenues for six months ended June 30, 2025
Net profit increased by 2.7% to KD 17.3m • stc's customer base reaches 2.2m KUWAIT: Kuwait Telecommunications Company (stc), a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financial results for the six months period ended June 30, 2025, highlighting the most significant achievements as well as the financial and operational performance. In this regard, Eng Muataz Abdullah Aldharrab, the company's CEO, stated: 'By the grace of Allah, Kuwait Telecommunications Company (stc) delivered strong operational and financial results during the first half of 2025, reflecting the strength of its strategic plan focused on quality growth, operational efficiency, and the flexibility of its business model. As part of its efforts to expand market share, stc continued to roll out advanced and innovative solutions that cater to the needs of both individual and enterprise customers. The company is also enhancing its technical capabilities, aligning with the increasing demand for digital services and reaffirming its commitment to delivering sustainable and added value to all customer segments.' Commenting on stc's key achievements during the first six months of 2025, Eng. Aldharrab, stated:' The second quarter of 2025 marked a new phase of progress and excellence for stc, reflected in a series of high-quality milestones that reflect the company's ambitious vision and strong commitment to providing the best-in-class digital services and products. In this context, it is worth highlighting that Kuwait stands at the forefront of global innovation as one of the first countries to adopt 5G Advanced in June 2025, representing a key step toward upgrading the digital infrastructure. This reaffirms Kuwait's leadership in next-generation technologies and solidifying its status as a premier digital hub in the region. Consequently, stc launched its 5G Advanced network to provide an exceptional digital experience, in line with its ongoing commitment to supporting Kuwait Vision 2035 through more precise connectivity, faster speeds and smarter networks. While 5G Advanced represents the evolution of 5G technology which is poised to transform the digital experience for both individuals and businesses, this cutting-edge advancement will offer users enhanced capabilities to improve their operations and online activities, paving the way for the widespread adoption of intelligent solutions across multiple industries. As part of its efforts to strengthen its market position and enhance institutional performance within a framework of effective governance and social responsibility, stc obtained the ISO 45001:2018 certification for implementing international standards in occupational health and safety management. This achievement affirms the company's commitment to providing a safe and healthy work environment for its employees and ensuring operational efficiency at the highest global standards. Additionally, during the second quarter, stc launched the third edition of its flagship accelerator program 'inspireU,' designed to support tech startups and small and medium-sized enterprises (SMEs) in Kuwait. The program aims to empower them to reach new levels of growth and innovation, in line with stc's strategic framework that focuses on enabling entrepreneurs to enhance digital innovation and business growth in the region.' Commenting on the financial results for the period ended June30, 2025, Eng Muataz Aldharrab stated: 'stc delivered strong financial performance during the first half of 2025, supported by sustainable growth across its operating segments. Total revenue reached KD 174.6 million during the first half of 2025, representing a growth of 5.2 percent compared to KD 166.0 million during the same period last year. This growth was primarily driven by the rise in the consumer segment revenues, which accounted for 77 percent of total revenue. Meanwhile, the enterprise segment contributed to 23 percent of total revenue, supported by ongoing efforts to enhance the company's business model, digital services, and providing integrated technological solutions that meet the needs of companies across various industries.' Aldharrab added: 'These results led to an increase in EBITDA by 5.7 percent, reaching KD 45.5 million during the first half of 2025, compared to KD 43.1 million in the same period of 2024, driven by higher revenues and improved operational efficiency. Net profit amounted to KD 17.3 million (earnings per share of 17 fils) during the first half of 2025, representing a growth of 2.7 percent, compared to KD 16.9 million (earnings per share of 17 fils) during the same period in 2024. This resilient financial performance reflects the company's success in cost management, balancing growth with future investments, and capitalizing on the accelerated digital transformation in the local market. Along with the continued focus on efficiency and innovation, the solid results highlight stc's ability to enhance profitability and achieve sustainable growth. It is also worth noting that stc's customer base reached approximately 2.2 million by the end of June 2025.' Commenting on the company's financial position as of June 30, 2025, Aldharrab stated: 'The company's total assets reached KD 470.4 million by the end of the first half of 2025, while total shareholders' equity stood at KD 222.9 million, reflecting a solid financial position and a stable capital structure. stc continues to maintain strong financial solvency, ranking among the best in the telecom sector across the region. This enables the company to pursue growth and expansion projects without compromising financial stability. The strength of stc's financial position allows it to respond flexibly to future opportunities and market shifts while supporting its expansion strategies in line with its vision for digital transformation and sustainable growth, striking a balance between investment-driven growth and operational returns. Through this approach, stc aims to diversify its revenue streams, enhance cost and resource management efficiency, and generate sustainable and rewarding returns for its shareholders. The company is also committed to closely monitoring and analyzing key performance indicators, while executing its operational and investment initiatives with high efficiency, relying on its advanced digital infrastructure and well-structured long-term growth plans. These efforts reflect stc's commitment to upholding the highest standards of governance and internal control, fostering a culture of transparency and institutional excellence, and ensuring business continuity while strengthening the company's ability to achieve excellence and competitive superiority in a rapidly evolving business environment.'
Time of India
08-07-2025
- Time of India
Telangana factory tragedy: Safety violations and lack of fire safety mechanisms revealed
HYDERABAD: Sigachi Industries in Pashamylaram, Sangareddy, where an explosion killed 42 workers on June 30, "lacked basic fire safety mechanism" and "severe safety violations" were noticed, an inspection report prepared by an expert of the department of factories, just six months before the disaster, said. The inspection, on Dec 12, 2024, by deputy chief inspector of factories, Nizamabad, G Nehru, also found multiple lapses. Independent experts, after reviewing the inspection report, said: "This is not just negligence - it is a collapse of the regulatory mechanism meant to protect workers." When contacted for a response, Sigachi Industries, in an email, said: "An official investigation and root cause analysis is currently underway. We will share the findings of the outcome once we have the report." You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad The unit, which has been certified ISO 45001:2018 and manufactures microcrystalline cellulose powder , was found lacking in imparting training and providing protective gear to workers.
Korea Herald
08-07-2025
- Business
- Korea Herald
Philippine Telco Globe Named Among the World's Most Sustainable Companies for 2025
Only PH Telco in the list of 500 global sustainability frontrunners MANILA, Philippines, July 8, 2025 /PRNewswire/ -- Globe, a leading digital solutions platform and telecommunications provider in the Philippines, has been named as World's Most Sustainable Companies 2025 by TIME Magazine and Statista—the only telco from the Philippines included in the prestigious global ranking. This recognition puts Globe among 500 companies worldwide that stand out for their environmental, social, and governance (ESG) performance, selected from over 5,000 firms across more than 30 countries. With only 11 companies from Southeast Asia making it to the list, the inclusion highlights how companies in emerging markets are gaining ground in global ESG leadership. "This recognition is meaningful for us, especially as we continue to leverage telecommunications and technology for nation-building through sustainable practices," said Globe President and CEO Carl Cruz. "Sustainability is not just about targets—it's about making real progress for the people and communities we serve. Being included in this list affirms that we're on the right track, and underscores our commitment to continuous improvement." The ranking evaluated companies based on more than 20 indicators, including commitments and third-party ESG ratings, adoption of sustainability reporting standards, and environmental and social stewardship. Among the key ESG practices and milestones of Globe are: As the country's largest mobile network and a major contributor to digital infrastructure of the Philippines, Globe plays a critical role in advancing digital inclusion while accelerating its shift to clean energy. In 2024, 24% of its electricity came from renewable sources, with a plan to transition over 150 additional sites in the next two years. Globe has also deployed 38,000+ green network solutions, such as energy-efficient hardware and alternative fuel sources, contributing to lower greenhouse gas emissions. On the social front, Globe continues to foster an inclusive workplace culture, with women representing 44% of its workforce and the provision of same-sex benefits for employees. Globe also holds ISO 45001:2018 certification for its occupational health and safety management system, prioritizing employee well-being. "Our inclusion in this global list reflects our strategic push to elevate ESG from compliance to business contributor," said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer. "We are proud to represent the Philippines on the world stage and show that homegrown companies can lead with impact." Ayala Land, Inc., another company in the Ayala Group was also recognized in the same TIME list, further underscoring the group's collective commitment to responsible and sustainable business practices.
Hans India
06-07-2025
- Hans India
Two more die, death toll in Telangana pharma unit blast rises to 42
The death toll in the fire and explosion at Sigachi Industries Ltd's manufacturing unit in Pashamylaram near Hyderabad rose to 42 on Sunday. Two of the injured workers succumbed while undergoing treatment at a hospital in Patancheru on Sunday. Sigachi Industries, in a statement on Sunday night, said that it is saddened to share the loss of two more team members since July 4, taking the death toll to 42. Of the 33 injured team members, 14 have now recovered and been discharged from the hospital, while 18 continue to be under medical attention in various hospitals, it said. Eight team members are still missing. Of the 143 members present on-site during the time of the accident, 61 are safe, the company statement added. Setup in 1989, Sigachi Industries' Pashamylaram plant has been incident-free for 36 years. It is an ISO 45001:2018 certified facility and follows stringent safety and compliance measures. 'Since the time of the accident, we have been coordinating the emergency response, family support, and extending cooperation with the investigation and compliance efforts,' the company said. A major explosion occurred in the manufacturing plant of Sigachi Industries at Pashamylaram, Patancheru Mandal, Sangareddy district on June 30. The plant manufactures Microcrystalline Cellulose powder, which is used in tablets and capsules as a binding agent. Rescue teams found 30 pieces of human remains at the site, and they were sent to the Forensic Science Laboratory (FSL), Hyderabad, for DNA analysis. According to officials at Patancheru Government Hospital, of the 24 DNA samples collected so far, 22 bodies have been identified and handed over to their families. The deceased hailed from Bihar, Odisha, Uttar Pradesh and Andhra Pradesh. Authorities are sending the bodies in ambulances to their native places with police escort. Two police constables are accompanying each body. Personnel from Fire Services, SDRF, HYDRAA and police continued combing through the debris for human remains. Officials said they will continue the operation till they find all remains. Sigachi Industries has already announced Rs 1 crore compensation each to the families of the deceased. It also announced that it would bear all the expenditure towards the treatment of the injured and provide them all the support.
The Hindu
02-07-2025
- Health
- The Hindu
Operating the Sigachi plant for 35 years without a single incident, says MD
Two days after a deadly explosion at Sigachi Industries' manufacturing unit in Pashamylaram, Hyderabad, which claimed at least 40 lives and left many injured, the cause of the blast remains unclear. The company on Wednesday denied that a reactor explosion was to blame. Highly placed sources in the State government, citing preliminary assessments, pointed to multiple safety lapses: a lack of adequate entry and exit points for workers, poor ventilation and alleged violations of setback norms, with the company reportedly utilising almost the entire land parcel. A senior official said the company was under the scanner and a government department had issued notices as recent as December 2024. The official, however, did not elaborate on whether the company responded or took any corrective action. Labour Minister G. Vivekanand told The Hindu that the government would convene a meeting with representatives of pharma companies to review safety protocols in the wake of the explosion. The focus now is to ensure that all Red Category industries have adequately trained personnel handling each department, he said. In a written response to The Hindu's queries, Sigachi Industries maintained that it had all the required permissions and permits to operate. 'We have been operating this plant for 35 years without a single incident,' the company stated. On government officials' observations as well as the FIR in the case highlighting alleged laxity on the part of the company to upgrade to new equipment, the company said the unit is one of the earliest plants that Sigachi commissioned. 'Over the years, Sigachi has continuously invested in retrofitting, equipment upgrades, structural reinforcements and compliance-based audits to ensure the facility meets both national and international safety standards. We are devastated by this [incident], given this record,' the company said. The Hyderabad unit has been certified ISO 45001:2018 international standard for occupational health and safety management systems that helps businesses create a safer and healthier workplace. As part of the certification, regular audits are conducted. 'There were no mission-critical non-conformities found that could lead to safety concerns or issues,' Sigachi said without mentioning when the last audit was conducted. It said an internal safety review has been initiated and Sigachi remains committed to cooperating with all legal, safety, and regulatory audits to strengthen safety norms. All learnings will be incorporated to reinforce and redesign the safety framework, it said. Speaking to media at the site, Sigachi MD and CEO Amit Raj Sinha said the plant building is old but the equipment inside are being constantly upgraded. On the cause behind the incident, he said it seems to be dust explosion in dryer section. The company has three such facilities in the country and no solvents were used in them, he added. thanked Chief Minister Reddy and Health, Labour and Industries Ministers, the local MLA, District Collector and officials for their 'unconditional support'. To queries, he said there were 143 employees at the plant during the incident and the company is in the process of collating the number of contract workers. The company is paying hospital bills of those injured and its executives were stationed at all the hospitals to provide assistance to the families of those deceased and injured, he said.
