Best Green Energy Stocks For Feb 2025 Based on 5Y CAGR: Suzlon, Adani Green and More

India’s intention to achieve net-zero carbon emissions by 2070 and to fulfil 50% of its electricity needs with renewable energy by 2030 represents a significant milestone in the global fight against climate change. With enhanced government support and improved economic conditions, the sector has become increasingly appealing to investors. As India aims to meet its growing energy demand, projected to reach 15,820 TWh by 2040, renewable energy will be a key player in this effort. In this article, we will look at the best green energy stocks Feb 2025 based on different parameters.

Best Green Energy Stocks For Feb 2025 – Based on 5Y CAGR

Company Name Market Cap (In ₹ Crore) 5Y CAGR (%)
Suzlon Energy Ltd 68,594.93 86.96
Jaiprakash Power Ventures Ltd 10,245.92 49.53
Adani Green Energy Ltd 1,56,391.53 39.39
SJVN Ltd 35,348.51 28.32
NHPC Ltd 73,419.16 21.77

Note: The stocks mentioned above have been selected from the Renewable Energy Sector and sorted based on 5Y CAGR as of January 29, 2024 

Overview of Best Green Energy Stocks

1. Suzlon Energy Limited

Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. The company recorded a net cash position of ₹ 1,277 crores as of Sep 30, 2024. It received the largest single order of 1,166 MW from NTPC.

Key Metrics:

  • Return on Equity (ROE): 28.8%
  • Return on Capital Employed (ROCE): 24.9%

2. Jaiprakash Power Venture Limited

Jaiprakash Power Venture Limited is involved in coal mining, sand mining, cement grinding, and the production of thermal and hydroelectric electricity. The company’s revenue amounted to ₹6,762.78 crore in FY24 as compared to ₹5,786.67 crore in FY23.

Key Metrics:

  • ROE: 12.8%
  • ROCE: 14.0%

3. Adani Green Energy Limited

Adani Green Energy Limited is engaged in the business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. During Q3 FY25 and 9MFY25, Adani Green made impressive growth in its capacity expansion and operational performance, marking a significant leap toward its long-term renewable energy goals. It achieved an industry-leading EBITDA margin of 92.0%.

Key Metrics:

  • ROE: 14.7%
  • ROCE: 9.65%

4. SJVN Ltd

SJVN is engaged in the business of providing consultancy for hydropower projects. During Q2 FY25, the Cabinet Committee approved the investment of ₹5,792.36 crores for the 669-megawatt Lower Arun Hydroelectric Project in Nepal. The project will be implemented through SJVN Lower Arun Development Company Private Limited, a wholly owned subsidiary of SJVN, incorporated in Nepal.

Key Metrics:

  • ROE: 5.90%
  • ROCE: 4.99%

5. NHPC Ltd

NHPC is primarily engaged in generating and selling bulk power to various Power Utilities. During 1HFY25, NHPC recorded Revenue from Operation of ₹4,969 Crore as against ₹ 5,056 Crore in the corresponding previous year, down 2%.

Key Metrics:

  • ROE: 9.61%
  • ROCE: 7.67%

Best Green Energy Stocks For Feb 2025 – Based on Net Margin

Company Name Market Cap (In ₹ Crore) Net Margin (%)
ACME Solar Holdings Ltd 10,519.45 31.52
NHPC Ltd 73,419.16 30.97
SJVN Ltd 35,348.51 30.09
NTPC Green Energy Ltd 92,782.32 16.90
Jaiprakash Power Ventures Ltd 10,245.92 14.29

Note: The stocks mentioned above have been selected from the Renewable Energy Sector and sorted based on net margin of January 29, 2024

Best Green Energy Stocks For Feb 2025 – Based on Debt to Equity

Company Name Market Cap (In ₹ Crore) Debt to Equity Ratio (x)
Suzlon Energy Ltd 68,594.93 0.04
Waaree Energies Ltd 60,098.21 0.13
Jaiprakash Power Ventures Ltd 10,245.92 0.37
NHPC Ltd 73,419.16 0.74
SJVN Ltd 35,348.51 1.44

Note: The stocks mentioned above have been selected from the Renewable Energy Sector and sorted based on debt to equity as of January 29, 2024

Who Should Invest in Green Energy Stocks?

Investing in green energy stocks is ideal for individuals who are passionate about sustainability and want to align their financial goals with environmental values. It’s particularly suited for long-term investors who are looking for growth opportunities in industries like renewable energy, electric vehicles, and energy efficiency. Those with a higher risk tolerance may also find potential rewards, as these sectors can be volatile in the short term but have significant growth potential due to the global shift toward cleaner energy.

Factors to Consider Before Investing in Green Energy Stocks

  • Market Volatility: Green energy stocks can be volatile due to fluctuating government policies, changes in subsidies, and global energy prices. Investors should be prepared for potential ups and downs, especially in the short term.
  • Government Regulations and Subsidies: Green energy companies often rely on government incentives and regulations to thrive. It’s important to stay informed about policies, tax credits, or any potential changes that could affect the industry’s growth.
  • Company Financial Health: Like any investment, evaluating the financial stability and profitability of the companies you’re considering is crucial. Look at their revenue growth, debt levels, and overall business strategy to ensure they have a solid foundation.
  • Technological Innovation: Green energy is an evolving industry, and companies that are leading in technological advancements (like solar, wind, or energy storage) may have a competitive advantage. Keep an eye on companies investing in R&D and their ability to stay ahead of trends.
  • Long-Term Sustainability: The green energy market is growing, but it’s still developing. Assess whether the companies you’re considering have a long-term vision and are positioned for future growth in the industry, rather than just benefiting from short-term trends.

Conclusion

Investing in green energy stocks can be a rewarding opportunity for those looking to support sustainability while potentially reaping financial returns. However, like any investment, it requires careful consideration of market volatility, government policies, company fundamentals, and the sector’s long-term growth potential.

 

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.

Mid-Day Top Gainers and Losers on January 29, 2025: Shriram Finance and Bajaj Auto Shines

On January 29, 2025, as of 12:20 PM, the BSE Sensex was up by 0.73% at 76,455.17, while the Nifty 50 was up 0.77% at 23,133.75. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
SHRIRAMFIN 531.15 548 530.25 548 3.38
BAJAJ-AUTO 8,420.15 8,807.00 8,420.15 8,668.75 3.22
BEL 259 267.8 259 266.35 3.14
TATAMOTORS 731.5 748.7 726.55 747.9 2.7
JSWSTEEL 913.6 941.05 908 939.55 2.55

Shriram Finance

Shriram Finance shares opened at ₹531.15, hit a high of ₹548, and closed at ₹548, gaining 3.38%.

Bajaj Auto

Bajaj Auto shares opened at ₹8,420.15, reached ₹8,807.00, and settled at ₹8,668.75, up by 3.22%.

BEL

BEL shares started trading at ₹259, peaked at ₹267.8, and closed at ₹266.35, up by 3.14%. Consistent gain throughout the day.

Tata Motors

Tata Motors shares opened at ₹731.5, touched ₹748.7, and ended at ₹747.9, gaining 2.7%.

JSW Steel

JSW Steel shares opened at ₹913.6, and reached ₹941.05, up by 2.55% till 12:20 PM.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
ITCHOTELS 180 180 172 174.75 -2.92
TATACONSUM 961.25 966.65 938 952.9 -0.87
BRITANNIA 5,100.00 5,100.00 4,991.00 5,023.90 -0.73
ASIANPAINT 2,241.80 2,246.80 2,222.35 2,227.20 -0.65
ITC 435.95 437.5 430.1 433.35 -0.48

ITC Hotels

On January 29, 2025, ITC Hotels shares listed on NSE at ₹180, hit a low of ₹172, down by 2.92% by 12:20 PM.

Tata Consumer

Tata Consumer shares opened at ₹961.25, dipped to ₹938, and ended at ₹952.9, losing 0.87%.

Britannia

Britannia shares started trading at ₹5,100, reached a low of ₹4,991, and closed at ₹5,023.90, down by 0.73%.

Asian Paints

Asian Paints shares opened at ₹2,241.80, hit ₹2,222.35, and ended at ₹2,227.20, down by 0.65%.

ITC

ITC shares opened at ₹435.95, dropped to ₹430.1, and closed at ₹433.35, losing 0.48%.

 

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.

Veranda Learning Entered Nursing Sector: Entered JV With Nursing Europe AS

On January 29, 2025, Veranda Learning Solutions announced through an exchange filing that it entered a strategic partnership with Nursing Europe AS (NE) to equip Indian nurses with the necessary skills to secure employment in Europe’s healthcare sector.

With a focus on global skilling, Veranda Learning is initially focusing on the nursing sector, with plans to expand into other industries. The company has joined forces with industry experts to drive this initiative forward.

With a mission to upskill India for the global stage, Veranda Learning is positioning itself to bridge critical talent gaps in Europe’s healthcare sector. This initiative goes beyond filling vacancies; it’s about empowering India’s skilled workforce to meet global demands. Through its expansive reach and expertise, Veranda is creating international opportunities for Indian nurses while helping strengthen Europe’s healthcare systems.

About Nursing Europe AS

Nursing Europe AS, a company rooted in the expertise of leading Norwegian organizations, specializes in providing EU-qualified and licensed nurses to healthcare providers across Europe. This partnership is expected to generate significant revenue, with projections of over ₹200 crores within the next 3-5 years by placing more than 2,000 students.

Leadership Comments

Speaking on the partnership, Mr Tommy Iversen, CEO of Nursing Europe AS and co-founder of Focus Care Group AS, one of Norway’s largest medical staffing agencies, comes with extensive experience in medical staffing, said, “Europe is facing an urgent need for skilled healthcare professionals. Our partnership with Veranda Learning will create exciting career opportunities for Indian nurses while helping to alleviate staffing challenges across Europe.”

Mr. Aditya Malik, Group Chief Operating Officer of Veranda Learning Solutions, added, “We are pleased to be partnering with Nursing Europe, which has a proven expertise in recruitment and staffing. This partnership will be a win-win for Indian nurses and European healthcare alike. At Veranda, we are not only looking to address global workforce shortages but also position India as a hub for world-class skilling, empowering our professionals to meet international standards and make a meaningful impact globally.”

 

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

India’s Digital Economy to Contribute 20% to Nation Growth by 2029-30

Over the past decade, India has experienced rapid digitalisation, positioning itself as a global leader in the digital economy. Understanding the role of digitalisation in driving economic growth, employment, and sustainable development is crucial for both policymakers and the private sector. According to the State of India’s Digital Economy Report 2024, India ranks as the 3rd largest digital economy worldwide, with its overall digitalisation ahead of many nations. It also holds the 12th spot among G20 countries for the digitalisation level of individual users.

Projected Growth of India’s Digital Economy

India’s digital economy is projected to grow almost twice as fast as the overall economy, contributing nearly 20% of the nation’s income by 2029-30. In less than 6 years, digital’s share of the economy will surpass that of agriculture and manufacturing. In the short term, growth is expected to come primarily from digital intermediaries and platforms, followed by broader digital integration across the economy. This shift will lead to a decline in the proportion of ICT industries within the digital economy itself.

Future Projections: Digital Economy’s Share of GVA

By 2029-30, the digital economy’s share of GVA is expected to grow to 20%, surpassing agriculture and manufacturing. Key drivers of this growth include AI adoption, cloud services, and the rise of Global Capability Centers (GCCs), which now make up 55% of the world’s total, with India being a major hub. These centers offer services such as R&D, IT support, and business process management for multinational companies.

Growth of Digital-Enabled Industries

Looking ahead, India’s digital economy is set to continue driving significant economic growth. By 2030, it is expected to contribute nearly a fifth of the overall economy, growing faster than traditional sectors. Digital-enabling industries have already grown at a rate of 17.3% over the last decade, much higher than the overall economy’s growth of 11.8%. Digital platforms are anticipated to see a growth rate of around 30% in the near future.

India’s digital economy is not only a key driver of economic growth but also plays an important role in creating new job opportunities and empowering women in the workforce. The rapid expansion of digital platforms is reshaping the future of work across the country.

 

 

 

 

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.

Trafiksol IPO: SAT Upheld SEBI’s Decision to Repay Investors’ Money

The Securities Appellate Tribunal (SAT) has upheld the order issued by the capital market regulator against the SME company Trafiksol ITS Technologies, directing it to refund investors money following its successful initial public offering (IPO).

SAT Decision on Trafiksol’s appeal

In a ruling issued on Tuesday, the appellate authority rejected the appeal filed by the company, stating that there was no merit in the case. It also affirmed that the Securities and Exchange Board of India (SEBI) had the authority to suspend the company’s listing and mandate the refund of all investor funds from the public issue.

The tribunal’s decision also criticized Trafiksol ITS Technologies for having “little regard for disclosure norms” and for disregarding the concerns of public shareholders, concluding that allowing the IPO to proceed at this stage would serve no beneficial public purpose.

Appeal by Trafiksol

Trafiksol’s appeal argued that the show cause notice issued by SEBI did not indicate that the IPO could be halted, claiming such an action went beyond the scope of the investigation.

On December 3, SEBI halted Trafiksol’s IPO and ordered a refund to investors following a probe prompted by a complaint about improper use of the issue proceeds and misleading disclosures.

In its draft red herring prospectus, Trafiksol had stated it planned to purchase an Integrated Software Control Centre (ICCC) from a third-party vendor to serve as the operational core for smart cities. However, after receiving concerns regarding the vendor’s viability, SEBI instructed BSE to investigate, which uncovered various issues.

SEBI’s order revealed that the third-party vendor appeared to be a shell company, and Trafiksol had provided inconsistent and conflicting explanations regarding its relationship with the vendor. The company failed to offer any credible justification for its actions. Despite these issues, the company’s IPO had been a major success, oversubscribed by 345%, with the listing scheduled for September 17 on the BSE.

 

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

ITC Hotels Share Listed at ₹188 Per Share on BSE

On January 29, 2025, ITC Hotels shares were listed on the BSE at ₹188 per share, reflecting a 30.37% discount to the discovered price of ₹270 per share. On the NSE, ITC Hotels shares were listed at ₹180 per share, which represented a 30.77% discount to the discovered price of ₹260 per share. ITC Hotels shares will be removed from the Nifty 50 and Sensex indices on the T+3 day, meaning three business days after the listing date.

ITC Demerger Ratio

The demerger ratio for ITC Hotels was set at 1:10. This means that for every 10 ITC shares held, shareholders received 1 ITC Hotels share. ITC Ltd, the parent company, will retain a 40% stake in ITC Hotels, while the remaining 60% will be distributed to the shareholders.

About ITC Hotels Limited

ITC Hotels is the demerged entity of ITC Ltd, a conglomerate known for its cigarettes and FMCG businesses. As of October 2024, ITC Hotels is one of the largest hotel companies in India, with 140 hotels and approximately 13,000 operating keys. The company aims to expand its portfolio to more than 200 hotels and over 18,000 keys by 2030.

Approximately 35% of ITC Hotels’ portfolio is owned by the company, while the remainder is managed through various models, including franchises.

In FY24, ITC Hotels saw significant growth, with its owned hotels experiencing a 20% YoY increase in Average Room Rate (ARR) and an 18% YoY increase in Revenue per Available Room (RevPAR). Occupancy levels stood at 69%. The company also boasts strong return ratios, with a Return on Capital Employed (RoCE) of around 20%.ITC Hotels is in a strong financial position, with a net cash surplus and negligible debt on its books.

 

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

Exide Industries Share Price Rose Over 4% After Release of Q3FY25 Results

On January 29, 2025, Exide Industries shares rose over 4%, reaching a day-high of ₹358.40, up from an opening price of ₹345.20. The surge in Exide Industries shares came after the company released its financial results for the quarter and nine-month period ending December 31, 2024.

Exide Industries Q3FY25 Earnings Overview

For Q3 FY25, Exide reported standalone revenues of ₹3,849 crore, slightly up from ₹3,841 crore in Q3 FY24. The company’s EBITDA margin expanded by 20 basis points year-on-year to 11.7%, compared to 11.5% in the same quarter last year. On a sequential basis, the margin improved by 40 basis points from 11.3% in Q2 FY25. For the first nine months of the financial year, EBITDA margin remained steady at 11.5%, compared to 11.3% in the same period the previous year, indicating consistent operating profitability.

Exide Business Highlights

Exide achieved double-digit growth in both the two-wheeler and four-wheeler replacement segments, driven by strong demand in the automotive aftermarket. The company also reported solid growth in its Solar business, benefiting from government incentives and various solarization programs. However, demand from automotive OEMs remained weak, leading to a decline in the Auto OEM segment’s performance.

The infrastructure sector continued to face challenges, with lower government spending and muted private capex impacting the overall market conditions. On a positive note, Exide’s automotive exports continued to perform well, benefiting from the success of its export-focused strategies, including a strengthened product portfolio and go-to-market approach.

Investment in Subsidiary

During the quarter, Exide invested nearly ₹400 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). An additional ₹150 crore was invested in January 2025, bringing the total equity investment in EESL to ₹3,302.23 crore, including investments made in the previously merged subsidiary EEPL. At EESL’s site, construction is progressing with the setup of factory buildings and installation of production line equipment. The company is also making structured efforts to onboard customers across key end-consumer markets, further solidifying its position in the energy solutions sector.

 

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

BHEL Share Price Rose Over 4%: Rising PAT and Significant Order Book During Q3FY25

On January 29, 2025, BHEL shares surged over 4% in morning trade, reaching a day high of ₹196.10 after opening at ₹185.25. The gain in BHEL shares came after the release of Q3FY25 results, wherein it reported a remarkable over twofold increase in its consolidated net profit for the December quarter of 2024-25. The net profit surged to ₹134.70 crore, primarily driven by higher revenues. Total income for the quarter rose to ₹7,385 crore, up from ₹5,599.63 crore in the same period last year.

Revenue from Operations Breakdown by Segment:

  • The power segment contributed around 77% of the total revenue.
  • The industry segment accounted for approximately 23% of the revenue.

BHEL’s Order Book as of December 31, 2024

As of December 31, 2024, BHEL reported a total order book worth ₹1,60,157 crore. The breakdown is as follows:

  • Power segment: ₹1,21,413 crore (76% of the total order book)
  • Industry segment: ₹35,063 crore (22% of the total order book)
  • Export order book: ₹3,682 crore (2% of the total order book)

Prominent Orders Received in Q3FY25

Power Segment

  • BHEL emerged as the successful bidder for the main plant package for the 3×800 MW Telangana Stage-II supercritical thermal power plant.
  • The company also received a Limited Notice to Proceed (LNTP) from NTPC Ltd. for initiating basic engineering work.

Industry Segment

  • BHEL secured an order for the +/- 800 kV, 6000 MW Khavda-Nagpur LCC HVDC Terminal Stations, in partnership with Hitachi Energy India Ltd.
  • The company received an EPC order for a 765kV Air Insulated Substation Package, along with various substation extension orders for 400kV/765kV ratings.
  • BHEL secured an order for the supply of transformers from transmission companies.
  • The company also won an order for the supply and supervision of E&C for a 1x 80 MW STG from a chemical manufacturing company.
  • Another key order includes the supply of 689 traction motors and 27 sets of traction electrics for DETC from Indian Railways.
  • BHEL also received a development order for high-power Li-ion cells from the Vikram Sarabhai Space Centre.

Export Market

  • BHEL secured an order for the supply and supervision of a 95 MW generator from Russia.
  • The company also received an order for the supply of safety valves for a project in Costa Rica, marking its entry into the 91st country.

 

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

Balkrishna Industries Set Jan 30 As Record Date For Interim Dividend

The heavy equipment tyre manufacturer Balkrishna Industries has set Jan 30, 2025, as the record date for its interim dividend for FY25. On January 25, 2025, Balkrishna Industries declared its 3rd interim dividend of ₹4. The company further stated that the interim dividend be paid within 30 days of the date of declaration, i.e., January 25, 2025.

Balkrishna Industries Record Date: What This Means For Shareholders?

As Balkrishna Industries has set Jan 30 as the record date for its interim dividend, meaning that Jan 29, marks the last to buy Balkrishna Industries shares to become eligible for the interim dividend. Further, any shares bought on Jan 30 (record date), won’t be eligible for the interim dividend.

Balkrishna Industries Financial Resilience

Balkrishna Industries operates a resilient business model supported by gross Cash and Cash equivalents of Rs. 2,942 Cr as of December 31, 2024. The company is self-reliant in Carbon Black along with Multiple sourcing arrangements for other Raw Materials. Also, its diversified product portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tyres helps the company to spread revenue stream. The company recorded a total achievable capacity of ~3,60,000 MT p.a

 

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

BPCL Shares to Trade Ex-Date on January 29: Interim Dividend of ₹5

On January 29, 2025, BPCL shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹5 interim dividend. On January 22, 2025, BPCL announced an interim dividend of ₹5.

BPCL Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Aug 09, 2024 Final 10.5
Dec 12, 2023 Interim 21
Aug 11, 2023 Final 4

BPCL Q3FY25 Operation Highlight 

In Q3FY25, refining throughput was 9.5 million metric tons (MMT), reflecting a 7.2% decrease quarter-on-quarter (QoQ). The reported gross refining margin (GRM) stood at US$5.6 per barrel (bbl), lower than the projected US$7.5/bbl. However, the GRM saw a 27% increase QoQ. Compared to the same period last year, GRM dropped by 58%. The average Singapore GRM for Q4-to-date has softened to around US$3/bbl due to a decline in product cracks. We expect the GRM to return to its long-term average of US$5-7/bbl in FY26/27. For FY25/26/27, we forecast GRM to be around US$5.7/6.6/bbl.

The majority of the capital expenditure (capex) will be spent in FY28, with an estimated total of ₹490 billion. BPCL has secured a ₹318 billion loan facility from a consortium of six banks. In Q3, BPCL processed 31% of Russian oil. While it has secured cargoes for January and February, there will be an insufficient supply for March due to US sanctions.

 

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.