Biocon Pharma Receives Key USFDA Approvals For Multiple Drugs

Biocon Pharma, a subsidiary of Biocon Limited, has received final approval from the US Food and Drug Administration (USFDA) for two important drug applications.

Drugs Details 

  • Lenalidomide Capsules in 2.5 mg,5 mg,10 mg,15 mg,20 mg and 25 mg: Used for treating various types of blood cancers and anemia related to myelodysplastic syndromes (MDS).  
  • Dasatinib Tablets in 20mg,50mg,70 mg, mg, 80 mg,100 mg,120 mg and 140 mg: A medication for Philadelphia chromosome-positive chronic myeloid leukemia (Ph+CML) and acute lymphoblastic leukemia (Ph+ALL).  

Tentative Approval for Rivaroxaban Tablets

Along with the final approvals, Biocon Pharma has also secured tentative approval for Rivaroxaban Tablets USP in different strengths. This drug is used to treat deep vein thrombosis, pulmonary embolism and to reduce stroke risk in certain heart conditions.  

Strengthening the Drug Portfolio

These approvals contribute to Biocon’s growing portfolio of complex and high-value drug products, reinforcing its expertise in the pharmaceutical sector.  

Share Performance 

As of March 05, 2025, at 11:55 AM, the shares of Biocon Ltd are trading at ₹319.45 per share, reflecting a surge of 1.48% from the previous day’s closing price. Over the past month, the stock has registered a loss of 18.14%. The stock’s 52-week high stands at ₹404.70 per share, while its low is ₹244.55 per share.

Conclusion 

These approvals enhance Biocon Pharma’s footprint in the US market, expanding its portfolio of complex drugs for critical diseases. This milestone reinforces its commitment to delivering high-quality, affordable healthcare solutions 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 the securities market are subject to market risks, read all the related documents carefully before investing.

L&T Secures Orders in the Range of ₹1,000 to ₹2,500 Crore

Larsen & Toubro (L&T) has received orders under its Building & Factories (B&F) business, categorized as “significant”, falling in the range of ₹1,000 crore to ₹2,500 crore, as per the company’s stock exchange filing on March 5, 2025. The orders include residential projects across Mumbai, Bangalore, and Chennai.

As of March 5, 2025, 11:20 AM, Larsen & Toubro Ltd (L&T) stock price stood at ₹3,223.55, showing a 0.33% increase (+₹10.55) for the day. Over the past month, the stock has declined by 4.72%, and over the past year, it has dropped by 10.77%.

Details of the Projects

Mumbai

The company has secured an order for the construction of two high-rise residential towers in Mumbai. These structures will reach heights of 273 meters and follow a configuration of 3 basements + ground floor + 7 podiums + 51/57 floors.

Bangalore

In Bangalore, L&T has been awarded a contract to construct 14 luxury towers on a design and build basis. These will have a configuration of 3 basements + ground floor + 27/28 floors.

Chennai

The company will also develop 25 residential towers in Chennai, built on a design and build basis. The towers will have a 2 basement + ground + 14-floor configuration.

Project Classification

As per L&T’s project classification, orders valued between ₹1,000 crore and ₹2,500 crore fall under the “significant” category. The company has also received add-on orders for ongoing projects, as per the filing.

Company Overview

L&T is an Indian multinational engaged in EPC (Engineering, Procurement, and Construction), Hi-Tech Manufacturing, and Services, with operations across multiple geographies. The company reported an annual revenue of $27 billion and has been in operation for over eight decades.

Conclusion

The details of these orders were disclosed in the company’s filing with the BSE and NSE. No analyst views were provided in the filing regarding the financial impact or expected revenue from these contracts. The projects will be executed within the timelines specified in the agreements.

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.

Maharashtra: India’s Top FDI Hub, Contributing 14% to GDP with ₹15.72 Lakh Crore Investments & 15 Lakh Jobs Incoming

Maharashtra continues to be a preferred destination for Foreign Direct Investment (FDI), contributing over 14% to India’s Gross Domestic Product (GDP). Governor C. P. Radhakrishnan, during the state legislature’s budget session, reiterated the state’s commitment to fostering investment and economic growth. At the World Economic Forum 2025 in Davos, Maharashtra signed Memoranda of Understanding (MoUs) worth ₹15.72 lakh crore (US$ 180.1 billion) with 63 national and international companies. These agreements are expected to generate 15 lakh employment opportunities, further solidifying the state’s economic prominence.

Investment Promotion and Industrial Expansion

To attract further investment, the Maharashtra government has announced an investment promotion subsidy of ₹5,000 crore (US$ 573 million). Additionally, the Maharashtra Industrial Development Corporation (MIDC) has allocated 3,500 acres of land for industrial use, with 10,000 acres earmarked for future projects. The state also plans to develop 10 integrated industrial and logistics parks to enhance industrial connectivity and efficiency.

Recognising the importance of the textile sector, Maharashtra has launched the Maharashtra Technical Textiles Mission, which aims to strengthen and expand the industry. These initiatives align with the state’s strategy to boost manufacturing and trade, reinforcing its reputation as an investment-friendly region.

Infrastructure Growth and Renewable Energy Initiatives

Infrastructure development remains a priority, with the state planning to construct the Nagpur-Goa Shaktipeeth Expressway at an estimated cost of ₹86,300 crore (US$ 9.8 billion). This project aims to improve connectivity and stimulate regional economic growth by linking key industrial and commercial hubs.

Maharashtra is also taking significant steps in renewable energy. MoUs have been signed with 13 agencies for 38 pumped storage projects, which will generate 55,970 megawatts (MW) of power. These projects are expected to attract ₹2.95 lakh crore (US$ 33.8 billion) in investments and create 90,000 jobs, reinforcing the state’s commitment to sustainable energy solutions.

Agricultural and Housing Development

The state is actively supporting farmers through initiatives like the Agristack scheme and Kisan Credit Cards, benefiting over 87 lakh farmers. Under the Magel Tyala Saur Pump Yojana, 3.12 lakh solar irrigation pumps have been installed, with a target of 10 lakh pumps over the next five years. This initiative is designed to promote sustainable farming and reduce dependency on conventional energy sources.

In the housing sector, Maharashtra has made substantial progress under the Pradhan Mantri Awas Yojana (PMAY-Gramin). Over 12.64 lakh houses have been constructed, with plans for an additional 16.81 lakh houses in Phase II. These efforts aim to improve rural housing and provide better living standards for residents.

Cyber Security and Digital Infrastructure

Recognising the growing importance of cybersecurity, Maharashtra has introduced the Maharashtra Cyber Security Project in Navi Mumbai. This initiative will strengthen the state’s digital infrastructure and enhance data protection measures. By prioritising cybersecurity, Maharashtra is positioning itself as a technologically advanced state, ensuring a safer digital environment for businesses and residents alike.

Conclusion

Maharashtra’s proactive approach towards industrial expansion, infrastructure development, renewable energy, housing, and cyber security highlights its commitment to economic growth. With substantial investments and strategic initiatives, the state continues to be a key driver of India’s economic progress, reinforcing its position as a top destination for both domestic and international 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.

Tata Motors Begins Landmark Hydrogen Truck Trials: A Step Towards Sustainable Heavy-Duty Transport

India has taken a significant step towards achieving its net-zero emissions goal by 2070 with the launch of hydrogen-powered heavy-duty truck trials. Union Minister of Road Transport and Highways, Shri Nitin Gadkari, and Union Minister of New and Renewable Energy, Shri Pralhad Joshi, jointly flagged off the first-ever trials in New Delhi. This initiative marks a major leap in India’s green transportation ambitions, driven by the National Green Hydrogen Mission.

Hydrogen as the Fuel of the Future

Speaking at the event, Shri Nitin Gadkari highlighted the transformative potential of hydrogen in the transportation sector. He stated, “Hydrogen is the fuel of the future with immense potential to transform India’s transportation sector by reducing emissions and enhancing energy self-reliance. Such initiatives will accelerate the transition to sustainable mobility in heavy-duty trucking and move us closer to an efficient, low-carbon future.”

Union Minister Shri Pralhad Joshi echoed similar sentiments, emphasising the role of hydrogen in India’s energy transition. He remarked, “The beginning of this trial is a significant step forward in showcasing the potential of green hydrogen in decarbonising India’s transportation sector. This initiative, part of the National Green Hydrogen Mission, reflects our commitment to driving innovation and achieving energy independence while contributing to global climate goals.”

Tata Motors Leading the Green Revolution

Tata Motors, India’s largest commercial vehicle manufacturer, is spearheading this trial, aligning its efforts with India’s broader green energy objectives. The company was awarded the tender for this initiative, which is being funded by the Ministry of New and Renewable Energy under the National Green Hydrogen Mission. The trial aims to assess the real-world commercial viability of hydrogen-powered long-haul transportation while simultaneously developing the necessary infrastructure for seamless operations.

Trial Details: Deployment Across Major Freight Routes

The trial phase will span up to 24 months, deploying 16 advanced hydrogen-powered trucks. These vehicles, featuring both Hydrogen Internal Combustion Engine (H2-ICE) and Fuel Cell Electric Vehicle (H2-FCEV) technologies, will be tested on some of India’s busiest freight corridors, including:

  • Mumbai
  • Pune
  • Delhi-NCR
  • Surat
  • Vadodara
  • Jamshedpur
  • Kalinganagar

Tata Motors’ Vision for Sustainable Mobility

Mr. Girish Wagh, Executive Director at Tata Motors, expressed the company’s commitment to pioneering sustainable mobility solutions. He stated, “Tata Motors is deeply honoured to be at the forefront of driving India’s transformation towards greener, smarter, and sustainable mobility. As a company with a long-standing commitment to nation-building, we have continuously embraced innovation to develop mobility solutions that contribute to India’s growth and development.”

He further added, “With the commencement of these hydrogen truck trials, we are proud to advance our legacy by pioneering the transition to clean, zero-emission energy for long-haul transportation. We are grateful to the Government of India for their visionary leadership in making this possible, and we remain committed to developing sustainable, future-ready mobility solutions that deliver better performance and efficiency.”

Conclusion: A Pioneering Step for India’s Green Future

The launch of hydrogen-powered truck trials represents a pioneering step in India’s push towards sustainable heavy-duty transportation. As Tata Motors collaborates with government agencies to test and refine these vehicles, the success of this initiative could pave the way for large-scale adoption of hydrogen-powered commercial transport, further solidifying India’s commitment to reducing carbon emissions and enhancing energy independence.

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’s Circular Economy: A $2 Trillion Market and 10 Million Jobs by 2050

India’s circular economy is set to generate a market value exceeding $2 trillion and create close to 10 million jobs by 2050. Speaking at the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, Union Minister for Environment, Forest & Climate Change, Shri Bhupender Yadav, described the circular economy as one of the most significant business transformations since the Industrial Revolution. By moving away from the traditional ‘take, make, waste’ model, a global circular economy could add $4.5 trillion in economic output by 2030.

India’s Bid to Host the World Circular Economy Forum 2026

India has formally expressed interest in hosting the World Circular Economy Forum in 2026, a major international event that fosters discussions on sustainable economic practices. The 2025 edition of the forum is scheduled to take place in São Paulo, Brazil. India’s bid underscores its commitment to global leadership in sustainability and waste management.

Steps Taken Towards Sustainable Waste Management

Highlighting India’s initiatives, Shri Yadav reaffirmed the government’s commitment to tackling plastic waste and promoting sustainable practices. Since the introduction of the Plastic Waste Management Rules (2016) and the subsequent ban on specific single-use plastics in 2022, India has made significant strides in reducing plastic pollution. Additionally, the Mission LiFE initiative has led to the introduction of Eco-Mark Rules to boost demand for environmentally friendly products.

The government has also finalised Circular Economy Action Plans for ten waste categories, with regulatory and implementation frameworks currently being developed. Several extended producer responsibility (EPR) regulations have already been established, covering plastic waste, e-waste, construction and demolition waste, and metals recycling.

Key Developments in Waste Management and Circular Economy

At the forum, significant progress was made in advancing India’s waste management strategies through the launch of various initiatives and reports:

Launch of the SBM Waste to Wealth PMS Portal

A major highlight of the event was the introduction of the SBM Waste to Wealth PMS Portal, a digital platform developed under the Swachh Bharat Mission (SBM). The portal aims to improve project monitoring, enhance data management, and facilitate resource sharing. By transforming waste into valuable resources, the initiative aligns with India’s broader goals of sustainable urban development.

Release of IFC Document Reference Guide

Another key development was the release of the IFC Document Reference Guide: Business Models and Economic Assistance for Municipal Solid Waste (MSW) Projects. This guide provides an in-depth analysis of waste-to-energy, biomethanation, and bioremediation models, offering valuable insights for municipalities and private stakeholders involved in waste processing.

MoU Between CSIR and MoHUA

A significant milestone in scientific collaboration was the signing of an MoU between the Council of Scientific and Industrial Research (CSIR) and the Ministry of Housing and Urban Affairs (MoHUA). This agreement aims to facilitate research-driven waste management solutions, leveraging innovative technologies to enhance urban sustainability.

Launch of ‘India’s Circular Sutra’

The forum also saw the launch of ‘India’s Circular Sutra: A Compendium of Best Practices in 3R & Circular Economy’, a collection of case studies showcasing successful Reduce, Reuse, and Recycle (3R) initiatives. This compendium serves as a valuable resource for urban local bodies and other stakeholders interested in implementing circular economy solutions.

CEEW Report on Solid Waste Management in Million-Plus Cities

The Council on Energy, Environment, and Water (CEEW) presented a study focusing on solid waste management (SWM) practices in Indian cities with populations exceeding one million. The report provides a detailed analysis of sustainable waste management strategies, circular economy principles, and decentralised solutions tailored to India’s growing urban challenges.

Conclusion 

India’s commitment to transitioning towards a circular economy is evident in its policy framework, ambitious targets, and innovative waste management strategies. With a potential market value of over $2 trillion and job creation in the millions, the shift towards sustainable economic models presents significant opportunities for businesses, policymakers, and environmental advocates alike. Hosting the World Circular Economy Forum 2026 could further cement India’s position as a global leader in sustainable economic transformation.

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.

MF AUM to Surpass India’s GDP: Estimated Growth to ₹2791 Lakh Crore by 2047

The Association of Mutual Funds in India (AMFI) has unveiled its ambitious vision document, The Mutual Funds Route to Viksit Bharat @2047, outlining the expected growth trajectory of the Indian mutual fund industry. According to the report, the industry is projected to outpace India’s GDP by 2047, reflecting significant expansion in retail participation, assets under management (AUM), and financial inclusion.

Currently, the Indian GDP stands at ₹279 lakh crore (2024), with an estimated rise to ₹2492 lakh crore by 2047. Meanwhile, the mutual fund industry’s AUM is forecasted to skyrocket from ₹53.4 lakh crore (2024) to ₹2791 lakh crore, marking a substantial increase in its share of GDP from 19% to 112%.

Projected Growth in Investors and Distribution Network

The report highlights a significant surge in retail participation and distribution channels within the mutual fund ecosystem:

  • The number of retail investors is set to grow from 4.50 crore in 2024 to 26.30 crore by 2047.
  • The number of mutual fund distributors and registered investment advisors (RIAs) is expected to rise from 2.07 lakh to 9.95 lakh.
  • The total number of mutual fund companies is projected to increase to 212 by 2047, expanding the competitive landscape of the industry.

Key Highlights from the AMFI Vision Document

Several crucial insights from the report reflect the industry’s expansion and increasing investor penetration:

  • Retail AUM will grow from ₹34 lakh crore in 2024 to ₹1954 lakh crore by 2047.
  • Institutional AUM is expected to reach ₹837 lakh crore by 2047.
  • Mutual fund penetration in India will increase from the current 3% to 15% by 2047, indicating a broader financial inclusion strategy.

AMFI’s Initiatives Aligned with Viksit Bharat 2047

To support its vision of expanding the mutual fund ecosystem, AMFI has introduced several initiatives aimed at enhancing financial literacy, accessibility, and digital transformation.

Farm to Financial Freedom Initiative

This initiative is designed to integrate rural communities and dairy farmers into the formal financial ecosystem. By providing financial literacy in local languages, improving digital accessibility, and introducing investor-friendly mutual fund solutions, the programme seeks to bridge the financial divide between urban and rural India.

The Sahi Journey – Empowering Retail Investors

With the rapid digitalisation of financial transactions, AMFI is focused on simplifying investor journeys through AI-driven, personalised investment solutions. Presently, 90% of mutual fund transactions are conducted digitally. The Sahi Journey initiative aims to extend financial literacy through vernacular education, regional strategies, and targeted efforts to reach beyond metro cities into Tier 2, Tier 3, and rural markets.

Conclusion

AMFI’s vision document underscores the pivotal role mutual funds will play in India’s financial landscape by 2047. The projected growth in AUM, investor participation, and financial literacy initiatives is set to transform the industry, making it a significant contributor to the country’s economic development. With increasing digital adoption and investor-centric initiatives, the mutual fund industry is on a promising path toward greater inclusivity and expansion.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

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. 

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

Adani Wilmar To Acquire GD Foods to Strengthen Its Food Portfolio

Adani Wilmar Limited (AWL), a major player in India’s food FMCG sector, has announced its decision to acquire G.D. Foods Manufacturing (India) Private Limited, known for its popular brand “Tops.”

Acquisition Details 

This acquisition will be completed in phases. 80% of the shares will be acquired initially, while the remaining 20% will be purchased over the next three years. On this acquisition, Angshu Mallick, MD & CEO of Adani Wilmar, said, “As the food market changes, there is a growing demand for trusted brands that offer high-quality and affordable products for Indian kitchens. AWL has strong manufacturing and distribution capabilities, and adding ‘Tops’ to our portfolio will help us serve more households. This acquisition strengthens our position in the packaged food industry and supports our long-term growth plans.”

Strength of the “Tops” Brand and Its Market Presence

Founded in 1984, GD Foods has built a strong reputation, especially in North India, for its high-quality food products, including sauces, jams, pickles, noodles and instant mixes. The company operates through three in-house manufacturing facilities and has a retail network of over 150,000 outlets across seven states. “Tops” is one of the top three brands in the tomato ketchup and pickles segment, making it a valuable addition to AWL’s business.

Strategic Benefits and Growth Potential

This acquisition aligns with AWL’s vision of catering to Indian household needs by offering a broader range of kitchen essentials. The integration of “Tops” into AWL’s portfolio will introduce eight new product categories, enhancing its ability to meet evolving consumer demands. Additionally, AWL plans to invest in expanding the distribution and marketing of “Tops” products to boost their reach and profitability.

Financial and Operational Aspects of the Deal

GD Foods reported a revenue of ₹386 crores in FY24, with a compound annual growth rate (CAGR) of 15% over three years. The transaction will be financed using AWL’s internal funds or proceeds from its IPO. The deal is expected to be finalised within 60 days. Various financial and legal advisors, including KPMG India and PWC, are supporting the transaction. 

Share performance 

As of March 05, 2025, at 11:00 AM, the shares of AWL are trading at ₹254.10 per share, reflecting a profit of 5.93% from the previous day’s closing price. Over the past month, the stock has registered a loss of 6.44%. The stock’s 52-week high stands at ₹403.95 per share, while its low is ₹231.55 per share.

Conclusion

This acquisition marks a strategic step for AWL in the FMCG sector, adding high-margin products to its portfolio while leveraging its robust distribution network. With plans to expand “Tops” brand reach and product availability, AWL is set to strengthen its position as a leading food FMCG company in India.

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.

GE Vernova T&D Bags ₹500 Crore Orders from Power Grid

GE Vernova T&D India Limited has secured three orders from Power Grid Corporation of India Limited (PGCIL), amounting to approximately ₹500 crore. The orders involve the supply and installation of 765kV class transformers and reactors under bulk procurement. The execution timeline for these orders is set at 36 months.

Execution and Order Details

According to GE Vernova T&D’s regulatory filing, these orders are domestic and do not involve any related-party transactions. The contracts fall under bulk procurement and are expected to be completed within the specified timeline of 36 months.

Power Grid’s Projects

Power Grid Corporation has been awarded three interstate transmission system projects under tariff-based competitive bidding. These include:

  • Rajasthan REZ Phase-V (Part-1: 4 GW) – Establishment of transmission lines and augmentation of transformation capacity at the Sirohi substation in Rajasthan.
  • Banaskantha (Raghanesda) Power Station, Gujarat – Expansion of the existing infrastructure.
  • Kurnool-IV REZ Phase-I (4.5 GW), Andhra Pradesh and Karnataka – Establishment of a new 765/400/220kV Kurnool IV Pooling Substation, capacity expansion at the C’peta Substation, and new transmission lines.

Financial Performance

The company reported a net profit of ₹142.68 crore for the quarter ending December 2024, compared to ₹49.35 crore in the same quarter of 2023.

As of 9:36 AM on March 5, GE Vernova T&D India Ltd traded at ₹1,400.00, rising 2.87% for today but down 18.14% over the past month, while still up 44.16% in the past year. Meanwhile, Power Grid Corporation of India Ltd was at ₹258.85, gaining 1.91% for the day.

The stock’s 52-week high stands at ₹2,215.70, recorded on December 23, 2024, while its 52-week low of ₹801.00 was observed on March 20, 2024. Currently, the stock trades around 38.62% below its 52-week high but remains 69.79% above its lowest level.

Conclusion

All in all, GE Vernova T&D India’s ₹500 crore order from Power Grid adds to its project pipeline, with execution planned over 36 months.

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.

Power Grid Secures 3 Inter State Transmission Projects Under BOOT Model

Power Grid Corporation of India Ltd (POWERGRID) has been awarded 3 interstate transmission system (ISTS) projects under the Build, Own, Operate, and Transfer (BOOT) model. The company received the Letter of Intent (LoI) for these projects on March 3, 2025, through tariff-based competitive bidding (TBCB).

As of March 5, 2025, at 9:45 AM, Power Grid Corporation of India Ltd was trading at ₹258.75, up ₹4.75 (1.87%) for the day, while it has declined 9.27% in the past month and 12.29% over the past year.

Transmission System for Rajasthan REZ

The first project involves setting up a transmission system for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase-V (Part-1: 4 GW). This includes augmenting the transformation capacity at the under-construction Sirohi substation in Rajasthan and developing 765kV double-circuit transmission lines across Rajasthan and Madhya Pradesh.

Augmentation of Transformation Capacity in Gujarat

The second project focuses on increasing the transformation capacity at Banaskantha (Raghanesda) Power Station (GIS) in Gujarat. The project includes ICT augmentation works at the existing substation to support power transmission in the region.

Transmission System for Kurnool-IV REZ

The third project involves the integration of Kurnool-IV REZ Phase-I (4.5 GW). It includes the establishment of a new 765/400/220kV pooling substation in Kurnool, Andhra Pradesh, augmentation of transformation capacity at the existing C’peta substation, and the development of 765kV and 400kV double-circuit transmission lines across Andhra Pradesh and Karnataka.

Q3 FY25 Financial Performance

For the third quarter ending December 31, 2024, Power Grid reported a 4.1% decline in net profit at ₹3,861.6 crore, compared to ₹4,028.3 crore in Q3 FY24.

Revenue from operations fell 3% to ₹11,233 crore, from ₹11,579.8 crore in the same period last year. EBITDA declined 6.9% year-on-year, reaching ₹9,537.9 crore from ₹10,242.9 crore in Q3 FY24.

Conclusion

Power Grid Corporation of India Ltd has secured three interstate transmission projects under the BOOT model, expanding its network across multiple states. The company’s Q3 FY25 results showed a drop in net profit and revenue, while its stock saw slight movement.

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.

Belrise Industries Gets SEBI Approval for ₹2,150 Crore IPO

Belrise Industries Ltd. has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its Initial Public Offering (IPO). The company had submitted its draft red herring prospectus (DRHP) on November 19, 2024, and SEBI granted approval on March 4, 2025.

IPO Structure 

The IPO consists of a fresh issue of equity shares worth ₹2,150 crore. There is no offer-for-sale (OFS) component, meaning all proceeds will go to the company.

Belrise plans to use the funds to repay or prepay outstanding borrowings, with ₹1,618.1 crore allocated for debt reduction. The remaining funds will be used for general corporate purposes. As of September 30, 2024, the company had total borrowings of ₹2,588 crore.

The company may also consider raising up to ₹430 crore in a pre-IPO round, which would reduce the fresh issue size accordingly.

IPO Allocation and Lead Managers

The IPO will be allocated as follows:

  • 50% to Qualified Institutional Buyers (QIBs), with 60% of this reserved for anchor investors.
  • 15% to Non-Institutional Investors (NIIs).
  • 35% to Retail Investors.

The issue is being managed by Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd., Jefferies India Pvt. Ltd., and SBI Capital Markets Ltd. Link Intime India Pvt. Ltd. is the registrar.

Listing and Pricing

After the IPO, Belrise Industries will be listed on NSE and BSE. The price band will be determined in consultation with the book-running lead managers.

Background and Operations

Belrise Industries, established in 1988, manufactures automotive components for two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. The company produces metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems.

For FY24, the company reported revenue of ₹7,484.2 crore. It operates over 15 manufacturing facilities across seven states in India and has a workforce of more than 15,000 employees. The company also exports to Austria, Slovakia, the UK, Japan, and Thailand.

Conclusion

The approval from SEBI marks a step in Belrise Industries’ public listing process. The company will now proceed with determining the price band and launch timeline in coordination with its lead managers.

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.