KPI Green Energy’s Subsidiary Wins Solar Power Projects Worth 15.9 MW

KPI Green Energy announced on Monday, February 10, that its subsidiary, Sun Drops Energia Pvt Ltd, has received Letters of Award (LoA) to develop solar power projects with a cumulative capacity of 15.9 MW. These orders are part of the company’s captive power producer business segment.

The solar power projects are contracted from various companies including Mexo Fiber Pvt Ltd, Rayons Pvt Ltd, Maharaja Industries, Gautam Casting Industries Pvt Ltd, Gautam Technocast, Shrirajlaxmi Denim, and Kartik Dyeing. The projects are expected to be completed in the 2025-26 financial year, with specific timelines outlined in the orders.

KPI Green Energy’s Q3 FY25

The company reported strong financial results for the third quarter of FY25. KPI Green Energy’s net profit surged by 67%, reaching ₹85 crore, compared to ₹51 crore in the same period last year.

The company’s revenue rose by 39%, standing at ₹458.3 crore for the quarter, up from ₹330 crore in Q3FY24.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) grew by 32% year-on-year, reaching ₹137 crore, compared to ₹104 crore in Q3FY24.

Dividend Announcement

KPI Green Energy declared a third interim dividend for the financial year 2024-25. Shareholders will receive a 4% dividend, amounting to ₹0.20 per equity share of face value ₹5 each.

The record date for the payment of this interim dividend has been set for February 18, 2025, with the payment to be made within 30 days from the date of declaration.

Stock Performance

On February 10, 2025, KPI Green Energy share price traded 4.61% lower at ₹453.35 at 11:54 AM (IST). KPI Green Energy’s share price reached a 52-week high of ₹744.37 on August 12, 2024, and a 52-week low of ₹312.95 on January 29, 2025. As per BSE, the total traded volume for the stock stood at 3.02 lakh shares with a turnover of ₹14.01 crore.

At the current price, KPI Green Energy shares are trading at a price-to-earnings (P/E) ratio of 46.40x, based on its trailing 12-month earnings per share (EPS) of ₹9.77, and a price-to-book (P/B) ratio of 4.87, according to exchange data.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Delhivery Share Price Falls 4% Despite Net Profit Jumps to ₹25 crore in Q3 FY25

Delhivery share price shares dropped by 4.35% to a day’s low of ₹302.95 on the BSE on Monday, despite the logistics company reporting a significant 114% year-on-year (YoY) jump in its net profit for the December quarter.

The profit stood at ₹25 crore, compared to ₹12 crore in the same period last year, marking the third consecutive profitable quarter for the company.

Revenue and Profit Performance

The company’s revenue from operations in Q3FY25 stood at ₹2,378 crore, reflecting an 8% increase compared to ₹2,194 crore in Q3FY24. On a sequential basis, Delhivery’s profit after tax (PAT) surged 145% from ₹10 crore posted in Q2FY25, and the revenue showed a 9% growth from ₹2,190 crore in the July-September quarter of FY25.

In a statement, Delhivery emphasized that it had continued its profitable growth path despite operating in a challenging business environment.

EBITDA and Segment Performance

Delhivery’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) saw a slight YoY decline, reducing to ₹102 crore in Q3FY25, compared to ₹109 crore in Q3FY24.

The company also highlighted growth across several key business segments:

  • Express Parcel Revenue: Increased 3% YoY to ₹1,488 crore in Q3FY25, up from ₹1,448 crore in the previous year. Express parcel shipments grew by 2% YoY, totalling 206 million shipments in Q3FY25, compared to 201 million in Q3FY24.
  • Part Truckload Revenue: Saw a significant growth of 22% YoY, rising to ₹462 crore in Q3FY25 from ₹379 crore in Q3FY24. Part Truckload volumes also grew robustly by 17% YoY, reaching 412K MT in Q3FY25, compared to 354K MT in Q3FY24.
  • Supply Chain Services Revenue: This segment saw the highest YoY growth, increasing by 29% to ₹222 crore in Q3FY25, up from ₹173 crore in Q3FY24. The growth was attributed to new client acquisitions and expanded business with existing clients.
  • Truckload Services Revenue: This segment grew by 5% YoY, reaching ₹160 crore in Q3FY25, up from ₹153 crore in Q3FY24.
  • Cross Border Services Revenue: Grew 12% YoY to ₹43 crore in Q3FY25, compared to ₹39 crore in Q3FY24.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India Surpasses 100 GW Solar Power Capacity, Setting a Global Record

India has reached a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy.

This achievement marks a significant step toward realising the nation’s ambitious goal of 500 GW of non-fossil fuel-based energy capacity by 2030, as set by the NDA government.

Unprecedented Growth in Solar Energy

India’s solar power sector has witnessed extraordinary growth over the past decade, increasing by an astonishing 3450% from 2.82 GW in 2014 to 100 GW in 2025.

As of January 31, 2025, India’s total installed solar capacity stands at 100.33 GW, with 84.10 GW under implementation and an additional 47.49 GW in the tendering phase.

The country’s hybrid and round-the-clock (RTC) renewable energy projects are also progressing rapidly, with 64.67 GW under implementation and tendered. This brings the grand total of solar and hybrid projects to an impressive 296.59 GW.

Solar Energy: The Dominant Contributor

Solar energy remains the largest contributor to India’s renewable energy growth, accounting for 47% of the total installed renewable energy capacity.

In 2024 alone, a record-breaking 24.5 GW of solar capacity was added, marking more than a two-fold increase in installations compared to 2023. This included 18.5 GW of utility-scale solar capacity, reflecting a 2.8 times increase from the previous year.

Rajasthan, Gujarat, Tamil Nadu, Maharashtra, and Madhya Pradesh emerged as top-performing states, contributing significantly to India’s utility-scale solar installations.

Rise of Rooftop Solar and Government Initiatives

India’s rooftop solar sector has seen remarkable growth, with 4.59 GW of new capacity installed in 2024, reflecting a 53% increase from 2023. A major catalyst for this growth has been the PM Surya Ghar: Muft Bijli Yojana, launched in 2024, which has driven nearly 9 lakh rooftop solar installations, enabling households nationwide to embrace clean energy solutions.

India’s Emergence as a Solar Manufacturing Leader

India has also made significant strides in solar manufacturing. In 2014, the country had a modest solar module production capacity of just 2 GW.

Over the past decade, this has surged to 60 GW in 2024, solidifying India’s position as a global leader in solar module production. With continued policy support, India is on track to achieve a production capacity of 100 GW by 2030.

Government’s Vision for a Green Future

Union Minister of New and Renewable Energy, Shri Pralhad Joshi, lauded India’s renewable energy transformation, crediting Prime Minister Shri Narendra Modi’s leadership for driving significant advancements in solar energy.

“Under the leadership of Prime Minister Shri Narendra Modi, India’s energy journey over the past ten years has been historic and inspiring. Initiatives like solar panels, solar parks, and rooftop solar projects have brought about revolutionary changes. As a result, today, India has successfully achieved the target of 100 GW of solar energy production. In the field of green energy, India is not only becoming self-reliant but is also showing the world a new path,” said Minister Joshi.

He emphasised that this milestone reflects India’s unwavering commitment to a cleaner, greener future. He also highlighted the PM Surya Ghar Muft Bijli Yojana as a game-changer, making rooftop solar a household reality and empowering millions with sustainable energy.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Glenmark Pharmaceuticals Receives ₹121.25 Crore GST Demand Order

Glenmark Pharmaceuticals Ltd has received a tax demand order from the Joint Commissioner of Central Goods and Services Tax and Central Excise (CGST & CX), Palghar, Maharashtra, amounting to ₹121.25 crore.

The order, covering the period from 2017-18 to 2021-22, includes tax dues, interest, and penalties, the company disclosed in a regulatory filing on Friday.

Breakdown of the Demand

The demand order includes a tax liability of ₹57.70 crore related to excess Integrated Goods and Services Tax (IGST) refunds. The tax authority has claimed that Glenmark incorrectly availed IGST refunds based on the cost, insurance, and freight (CIF) value instead of the free-on-board (FOB) value.

Additionally, an amount of ₹5.86 crore, which the company had previously paid for surrendering IGST refunds related to the non-realization of export proceeds, has been appropriated by the tax department.

A penalty of ₹63.56 crore, equal to the tax demand, has also been imposed on Glenmark Pharmaceuticals.

Company’s Response

Glenmark Pharmaceuticals has stated that it intends to challenge the order before the appropriate Appellate Authority. The company assured stakeholders that the tax demand will not have a material impact on its financial performance or business operations.

“The company intends to file an appeal before the appropriate Appellate Authority. There is no material impact on the company’s financials or operations due to the said order,” the regulatory filing noted.

Order Uploaded on GST Portal

The GST order, dated February 4, 2025, has been uploaded on the GST portal. The company is expected to initiate its appeal process soon to contest the demand and penalties levied by the tax authorities.

Stock Performance 

On February 07, 2025, Glenmark Pharmaceuticals share price ended 2.980% higher at ₹1,540.20. Glenmark Pharmaceuticals share price reached a 52-week high of ₹1,830.05 on October 15, 2024, and a 52-week low of ₹766.65 on February 15, 2024. As per BSE, the total traded volume for the stock stood at 0.16 lakh shares with a turnover of ₹2.44 crore.

At the current price, Glenmark Pharmaceuticals shares are trading at a price-to-earnings (P/E) ratio of 7.70x, based on its trailing 12-month earnings per share (EPS) of ₹199.94, and a price-to-book (P/B) ratio of 1.82, according to exchange data.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Indian Equity Markets See ₹7,300 Crore FPI Outflow in a Week

Foreign Portfolio Investors (FPIs) have continued their withdrawal from Indian equity markets, pulling out over ₹7,300 crore (approximately $840 million) in the first week of February.

This trend follows a massive outflow of ₹78,027 crore in January, marking a sharp reversal from the ₹15,446 crore invested in December. The ongoing exodus is attributed to escalating global trade tensions, particularly after the US imposed tariffs on countries like Canada, Mexico, and China.

FPIs Turn Cautious on Indian Equities

According to data from depositories, FPIs offloaded shares worth ₹7,342 crore from Indian equities between February 1 and February 7.

This cautious approach reflects growing concerns over global macroeconomic uncertainties and their potential impact on emerging markets like India.

Debt Market Sees Inflows Amid Equity Sell-Off

While FPIs retreated from equities, they showed interest in the debt market. During the same period, they invested ₹1,215 crore in the debt general limit and an additional ₹277 crore through the debt voluntary retention route.

Sharp Contrast to 2023 Inflows

The current trend marks a significant departure from 2023, when FPIs poured a record ₹1.71 lakh crore into Indian equities, driven by optimism over the country’s strong economic fundamentals.

In contrast, 2022 saw a net outflow of ₹1.21 lakh crore as global central banks aggressively hiked interest rates to combat inflation.

So far in 2024, net FPI inflows into Indian equities stand at a mere ₹427 crore, highlighting the cautious stance of foreign investors.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Stocks To Watch Today on February 10, 2025: Delhivery, Britannia, LIC, BHEL & More in Focus

On Monday, February 10, 2025, the Indian stock market is expected to open on a weaker note, with benchmark indices Sensex and Nifty 50 likely to decline amid global market uncertainties.

Here are the key stocks to watch today:

  • Delhivery 

Delhivery reported an increase in its net profit for the December quarter, reaching ₹24.9 crore compared to ₹11.7 crore in the same period last year. However, the profit fell short of street estimates, which had projected ₹66 crore. The company’s revenue from operations grew year-on-year to ₹2,378.2 crore, up from ₹2,194.4 crore.

  • Britannia Industries

Britannia Industries plans to tackle inflation in the ongoing March quarter by implementing price hikes at twice the rate of those taken in the December quarter, according to Executive Vice-Chairman and MD Varun Berry. During an earnings call on Friday, Berry also announced that the company will pause capital expenditure for FY26, limiting it to around ₹150-200 crore. In recent years, Britannia has spent approximately ₹500-600 crore annually on capex.

  • Bharat Heavy Electricals

BHEL has secured a Letter of Award (LoA) worth approximately ₹8,000 crore from Maharashtra State Power Generation Company (Mahagenco). The contract is for a 2×660 MW Boiler-Turbine-Generator (BTG) package at the Koradi Thermal Power Station, the company stated in an exchange filing.

The scope of work includes equipment supply, erection, commissioning, and civil works. The project is expected to be completed within 52 months for Unit-11 and 58 months for Unit-12 from the date of the LoA.

  • Bharat Electronics

BEL has secured three separate orders worth a total of ₹1,604 crore, according to the Ministry of Defence. The company signed a ₹610 crore contract for the supply of an Electro-Optic Fire Control System (EOFCS) for the Indian Navy. Additionally, BEL received another order worth ₹352 crore, which includes an anti-drone system and an integrated fire detection vessel communication system.

  • LIC

Life Insurance Corporation of India (LIC) reported a year-on-year rise in net profit to ₹11,009 crore, despite a decline in net premium income, which stood at ₹1.07 lakh crore.

  • Mahindra & Mahindra

Mahindra & Mahindra reported an increase in net profit to ₹2,964 crore, driven by strong demand for SUVs and tractors. The company’s revenue from operations rose to ₹30,538 crore.

  • Vedanta

Vedanta has received penalty orders totalling ₹141.4 crores from the CGST & Central Excise, Rourkela Commissionerate.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Aurobindo Pharma Reports 10% YoY Decline in Q3 Net Profit Despite Record Revenue

Aurobindo Pharma reported a 10% year-on-year (YoY) decline in net profit to ₹846 crore for the third quarter ended December 2023, primarily due to weaker sales in the US market. This is in contrast to the strong growth witnessed in Europe, growth markets, and the antiretroviral segment.

Aurobindo Pharma Q3FY25 Performance

The company’s net profit fell from ₹940 crore in the corresponding quarter of the previous year. However, on a quarter-on-quarter (QoQ) basis, the net profit grew by 3.5%.

Aurobindo Pharma reported an 8.5% YoY increase in revenue from operations, reaching ₹7,979 crore in Q3FY25, marking its highest-ever quarterly revenue. On a QoQ basis, revenue increased by 2.3%.

EBITDA Performance and Margin Decline

Earnings before interest, tax, depreciation, and amortisation (EBITDA) before forex and other income rose by 1.7% to ₹1,628 crore—however, the EBITDA margin for the quarter contracted by 138 basis points YoY to 20.4%.

US Sales Decline While Europe and Other Markets Show Strong Growth

US formulations revenue, which accounts for 46% of the company’s total revenue, declined by 2.3% YoY to ₹3,671 crore. In contrast, the European formulation segment, contributing 26.6% of total revenue, grew significantly by 22.7% YoY to ₹2,121 crore.

Revenue from growth markets surged by 39.3% YoY to ₹873 crore, while the antiretroviral segment recorded an impressive 71.2% YoY growth, reaching ₹307 crore.

API Revenue and R&D Expenditure

The company’s active pharmaceutical ingredient (API) revenue declined marginally by 1.6% YoY to ₹1,006 crore.

Aurobindo Pharma’s research and development (R&D) expenditure for the quarter stood at ₹450 crore, representing 5.6% of its total revenue.

Despite facing headwinds in the US market, the company’s overall performance was supported by robust growth in Europe, emerging markets, and the antiretroviral segment.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Shares That Hit Circuit Limits On February 06, 2025, KPI Green Energy, Sagility India, Exicom Tele-Systems and More

On February 06, 2025, BSE Sensex closed 0.27% lower at 78,058.16, while Nifty50 plunged 0.39% to 23,603.35. Amidst the market volatility, stocks like KPI Green Ltd, Sagility India Ltd and Exicom Tele-Systems Ltd hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on February 06, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
VRL Logistics Ltd 516.9 10.74 20 37.83 204.07
KPI Green Energy Ltd 452.25 4.99 5 15.07 65.96
Sky Gold Ltd 392.95 2.41 5 14.54 56.68
Sagility India Ltd 52.73 5 5 105.18 55.46
Diffusion Engineers Ltd 320.95 10.03 20 13.39 44.5

Stocks That Hit Lower Circuit on February 06, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Vakrangee Limited 18.51 -5.03 5 792.29 150.38
Exicom Tele-Systems Ltd 219.71 -10 10 18.74 41.54
Rbm Infracon Limited 380.6 -4.99 5 1.46 5.62
Hubtown Ltd 265.15 -4.05 5 1.29 3.46
Tembo Global Industries Ltd 601.65 -5 5 0.44 2.66

Overview of Companies Hitting Circuits Today

  • KPI Green Ltd

On February 06, 2025, KPI Green share price ended 5% higher at ₹452.65. KPI Green’s share price reached a 52-week high of ₹744.37, and a 52-week low of ₹312.95 At the current price, KPI Green shares are trading at a price-to-earnings (P/E) ratio of 57.15x, based on its trailing 12-month earnings per share (EPS) of ₹7.92, and a price-to-book (P/B) ratio of 4.87, according to exchange data.

  • Sagility India Ltd 

On February 06, 2025, Sagility India share price ended 5% higher at ₹52.63. Sagility India’s share price reached a 52-week high of ₹56.44 and a 52-week low of ₹27.02. In Q3 FY25 the company’s revenue increased by quarter-on-quarter to $172 million in US Dollar terms, while in rupee terms, it grew sequentially to ₹1,453 crore.

  • Exicom Tele-Systems Ltd

On February 06, 2025, Exicom Tele-Systems share price ended 10% lower at ₹219.70. Exicom Tele-Systems share price reached a 52-week high of ₹530.40 and a 52-week low of ₹170.25. At the current price, Exicom Tele-Systems shares are trading at a price-to-earnings (P/E) ratio of 56.05x, based on its trailing 12-month earnings per share (EPS) of ₹3.92, and a price-to-book (P/B) ratio of 4.02, according to exchange data.

  • VRL Logistics Ltd

On February 06, 2025, VRL Logistics Ltd share price ended 10.88% higher at ₹517. VRL Logistics’ share price reached a 52-week high of ₹699.35 and a 52-week low of ₹432.45. At the current price, VRL Logistics shares are trading at a price-to-earnings (P/E) ratio of 34.72x, based on its trailing 12-month earnings per share (EPS) of ₹14.89, and a price-to-book (P/B) ratio of 4.55, according to exchange data.

  • Vakrangee Limited

On February 06, 2025, Vakrangee Limited share price ended 4.95% lower at ₹18.61. Vakrangee Limited share price reached a 52-week high of ₹38.17 and a 52-week low of ₹18.45. At the current price, Vakrangee Limited shares are trading at a price-to-earnings (P/E) ratio of 310.17x, based on its trailing 12-month earnings per share (EPS) of ₹0.06, and a price-to-book (P/B) ratio of 12.57, according to exchange data.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

DLF Share Price Trade Higher on February 06, 2025

On February 06, 2025, DLF share price traded 0.71% lower at ₹768.85 at 12:48 PM (IST). DLF’s share price reached a 52-week high of ₹967 on April 01, 2024, and a 52-week low of ₹689 on June 04, 2024. As per BSE, the total traded volume for the stock stood at 1.43 lakh shares with a turnover of ₹11.10 crore.

At the current price, DLF shares are trading at a price-to-earnings (P/E) ratio of 402.54x, based on its trailing 12-month earnings per share (EPS) of ₹1.91, and a price-to-book (P/B) ratio of 6.79, according to exchange data.

Shareholding Details

As of December 31, 2024, DLF promoters held 74.08% of the shares, Foreign Institutional Investors (FIIs) owned 16.37%, and Domestic Institutional Investors (DIIs) held 4.87%.

DLF Q3 FY25 Results

DLF reported a consolidated revenue of ₹1,738 crore for the quarter, with a robust gross margin of 52% and a net profit of ₹1,055 crore. The company achieved record-breaking new sales bookings of ₹12,093 crore, driven largely by its development business.

A key contributor was the super luxury project The Dahlias in DLF 5, Gurugram, which alone accounted for ₹11,816 crore in new bookings, highlighting strong demand for premium real estate. This outstanding performance enabled DLF to exceed its annual guidance, with total new sales bookings reaching ₹19,187 crore in the first nine months of FY25.

The company also reported an operating cash surplus of ₹1,850 crore, strengthening its net cash position to ₹4,534 crore.

DLF’s rental subsidiary, DLF Cyber City Developers Limited (DCCDL), also posted strong results, with consolidated revenue rising to ₹1,609 crore, reflecting 9% year-on-year (YoY) growth. Additionally, DCCDL’s consolidated profit surged by 117% YoY to ₹941 crore, further reinforcing the company’s financial strength.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

MGNREGS Allocation Remains Unchanged at ₹86,000 Crore For FY-26

The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been allocated ₹86,000 crore in the 2024-25 budget, the same as the previous year. However, in 2023-24, the initial allocation was ₹60,000 crore, but additional funds were provided, bringing the actual expenditure to ₹89,153.71 crore, as per the Budget document. No additional allocations have been announced for 2024-25.

About MGNREGS

MGNREGS provides guaranteed 100 days of wage employment in a financial year to at least one adult member of every rural household willing to undertake unskilled manual work. The scheme reserves at least one-third of the total jobs for women.

Timely Wage Payment Measures

Under the Mahatma Gandhi National Rural Employment Guarantee Act, beneficiaries are entitled to receive wage payments within 15 days of the closure of the Muster Roll of the work.

The Government of India has issued a detailed Standard Operating Procedure (SOP) to ensure timely wage disbursement. The Ministry, along with State and Union Territory (UT) administrations, has been making continuous efforts to improve wage payment timelines. Steps taken include:

  • Upscaling of the National Electronic Fund Management System (Ne-FMS).
  • Intensive consultation with State Governments and stakeholders to strategize timely wage payments and verification of pending compensation claims.
  • Formulation of SOPs for monitoring payment schedules and disbursing compensation for delays.
  • Regular review meetings, including Annual Action Plan finalization, Mid-Term reviews, Labour Budget revisions, and Monthly review meetings, to assess payment status and address wage delay issues.

Pending Wage Liabilities Across States

As of January 27, 2025, pending wage liabilities under MGNREGS across various states and UTs amount to ₹6,433.95 crore. The states with the highest pending liabilities include:

  • Tamil Nadu – ₹1,652.45 crore
  • Uttar Pradesh – ₹1,214.85 crore
  • Bihar – ₹670.01 crore
  • Kerala – ₹485.99 crore
  • Rajasthan – ₹472.54 crore

Other states with significant outstanding payments include Maharashtra (₹278.61 crore), Madhya Pradesh (₹261.50 crore), Chhattisgarh (₹175.86 crore), and Karnataka (₹140.41 crore). States with relatively lower liabilities include Nagaland (₹3.73 crore), Sikkim (₹3.24 crore), Ladakh (₹2.37 crore), and Puducherry (₹1.09 crore).

The government has reiterated its commitment to ensuring timely payments and has urged states and UTs to expedite the processing of wage disbursements.

However, with no additional allocation beyond the initial ₹86,000 crore, concerns persist over whether funding will be adequate to meet the scheme’s demands in the coming fiscal year.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.