Record High Promoter Holding: Bigbloc Share Price Gains 2.7% as Promoter Confidence on the Rise

Founded in 2015, Bigbloc Construction Ltd has quickly risen to become one of India’s largest producers of Autoclaved Aerated Concrete (AAC) blocks. With a total installed capacity of 1.3 million cubic metres per annum, the company operates manufacturing units in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada).

The latest Kheda facility is especially notable for its ability to produce both traditional AAC blocks and AAC walls, offering product diversity in a competitive industry. Products are sold under the NXTBLOC brand, and the company is among the few in the AAC segment to generate carbon credits, reflecting its sustainability-focused operations.

Bigbloc Share Price 

The share price of Bigbloc was trading at ₹68.63, a 2.82% up as of April 21, 2025, at 12:30 PM The bigger story lies in the fundamentals, where growth is being powered by both scale and sustainability.

A Track Record of Prestigious Projects

Bigbloc has successfully completed over 2,000 projects, with more than 1,500 currently underway. Its clientele includes some of the biggest names in real estate and infrastructure:

  • Realty Majors: Lodha, Adani Realty, Piramal, Oberoi Realty, IndiaBulls Real Estate, DB Realty

  • Infra Giants: Tata Projects, L&T, PSP Projects, Shapoorji Pallonji, Raheja

  • Other Prominent Clients: Prestige, Sunteck, Dosti Group, Purvankara Ltd, DY Patil, Taj Hotels, Torrent Pharma, GAIL

Such an extensive client list underscores the company’s strong market position and execution capabilities.

Promoter Holding at a Record 72.67%

The promoter group has consistently increased its shareholding—from 69.32% in March 2020 to 72.67% by March 2025, marking a new record. This upward trend reflects a long-term belief in the company’s growth trajectory.

What sets this apart is the fact that promoters have been waiving their right to dividends for several years, choosing instead to support the company’s expansion plans. This is a strong indication of deep-rooted commitment and strategic intent.

Corporate Moves: Bonus Issue and Capital Increase

In 2024, the company approved a 1:1 bonus issue, effectively doubling the number of shares held by existing investors. The move was aimed at rewarding long-term shareholders and improving market liquidity.

Simultaneously, the company also passed a resolution to increase its authorised share capital from ₹15 crore to ₹30 crore, reflecting its preparedness to fund future growth.

Doubling Capacity at Wada Plant

In FY25, Bigbloc Building Elements Pvt Ltd, a wholly-owned subsidiary, completed the Phase 2 expansion of its AAC block plant in Wada, Maharashtra. The plant’s capacity was increased from 2.5 lakh to 5 lakh cubic metres per annum.

At full capacity, this plant is expected to generate annual revenues of ₹150–200 crore. The expansion is further supported by a 60% government subsidy, improving project viability. Additionally, a 625 KW solar rooftop system was commissioned alongside this capacity enhancement.

Strengthening the Green Energy Push

Bigbloc Construction is actively enhancing its solar infrastructure across its units. Recent developments include:

  • 700 KW rooftop solar installation at Umargaon

  • 625 KW rooftop solar at the expanded Wada facility

  • 1350 KW rooftop solar at the Siam Cement Bigbloc joint venture facility

These additions bring the company’s total solar capacity to 3475 KW, reinforcing its commitment to sustainability and cost-efficient operations.

Read More: BigBloc Subsidiary Announces Acquisition of Land for Greenfield AAC Block Manufacturing Facility

Conclusion

From increasing promoter stake and dividend waivers to capacity expansions and solar investments, Bigbloc Construction is showcasing a rare combination of vision and execution. 

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.

Interarch Share Price Jump Over 5% as Company Bags India’s Largest-Ever PEB Order

On April 21, 2025, Interarch Building Solutions Limited announced it has secured the largest-ever single Pre-Engineered Building (PEB) order in the Indian PEB industry. Valued at over ₹300 crore, the contract has been awarded by a prominent tyre manufacturing company, establishing one of India’s most advanced facilities in Gujarat.

Share Price Reacts Positively

Following the announcement, Interarch’s share price jumped over 5% as of 12:08 PM on April 21, 2025 and was trading at ₹1,833.60. The stock’s rally indicates positive investor sentiment driven by the scale and significance of the new contract win.

Scope of the Project

The project will involve Interarch delivering a comprehensive end-to-end steel infrastructure solution. This includes design, manufacturing, and on-site installation of the entire facility, which will span approximately 3,00,000 square metres (or 3 million square feet) under a single roof. The completion of this large-scale tyre plant is scheduled for FY25-26.

Sustainability and Operational Efficiency at the Core

The facility is not just massive in scale—it is designed to meet cutting-edge sustainability standards and operational efficiency benchmarks. Interarch’s role in this construction underscores its engineering capability and leadership in the steel building solutions space.

Leadership Commentary

Arvind Nanda, Managing Director of Interarch Building Solutions Limited, remarked, “We are proud to have secured the largest-ever single PEB order, in public domain, in the Indian PEB industry – a significant milestone that reflects the trust our clients have in Interarch’s engineering excellence, manufacturing and execution capabilities. This project, for one of India’s most advanced tyre manufacturing facility, will involve end-to-end delivery of critical steel infrastructure – from design to on-site installation.”

About Interarch’s Offerings

Pre-Engineered Buildings

Interarch offers comprehensive design, engineering, and project management services for the creation of pre-engineered steel buildings tailored to industrial needs.

TRACDEK® Roofing & Cladding Systems

The company’s TRACDEK® range includes Hi-Rib, Klippon, and SS-2000 systems, known for their durability and adaptability in various climates.

TRAC® Metal Ceilings

Made from fully recyclable materials, these ceilings resist corrosion and high humidity, making them suitable for both indoor and outdoor use.

Interarch Life: Non-Industrial Buildings

Interarch also caters to non-industrial construction through lightweight, earthquake-resistant, and termite-proof load-bearing wall framing systems. These can be customised and dismantled for flexible, long-term usage.

Read More: Interarch Building Solutions Signs MOU with Moldtek Technologies for Global Expansion

Conclusion

With over 40 years in the industry, Interarch has become a leading provider of turnkey steel construction solutions. This order further reinforces its leadership in the PEB segment, marking another step in its mission to support India’s infrastructure and manufacturing growth.

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.

GST Registration Made Easier: CBIC Aims to Speed Up Process

In response to mounting concerns over inconsistency and perceived harassment in the Goods and Services Tax (GST) registration process, the Central Board of Indirect Taxes and Customs (CBIC) has issued a detailed set of revised instructions. These new guidelines aim to bring clarity, transparency, and uniformity in GST registration procedures across jurisdictions, while curbing unnecessary interference by tax officials.

Why the New Guidelines Were Needed

Over time, businesses have reported procedural delays and arbitrary documentation requests from field officers during GST registration. From asking for the landlord’s PAN and Aadhaar to questioning the business model itself, the process often became cumbersome. Recognising these irregularities, CBIC’s latest move is seen as a corrective step to enforce consistency and prevent discretionary practices.

Standardisation of Documentation

The revised instructions reinforce reliance on the document list already provided in Form GST REG-01. Officers are explicitly directed not to request additional documents unless crucial for verifying ownership or business legitimacy. A key clarification is that only one document establishing the ownership of rented premises, such as a property tax receipt, electricity bill, or municipal record, is sufficient when submitted with a rent or lease agreement.

This change is expected to be particularly helpful for startups and small enterprises operating from shared or rented spaces.

Curtailing Presumptive Queries

Another significant reform is the prohibition of presumptive and irrelevant queries. Officers have been instructed not to question matters such as why an applicant’s residential address differs from the business location or to scrutinise the nature of goods or services offered at a particular premise, unless it directly relates to the submitted application and documents.

This measure addresses the longstanding issue of subjective questioning, which often led to unjustified delays or rejections.

Clear Timelines for Processing Applications

To promote timely clearance, the CBIC has imposed strict deadlines:

  • Within 7 working days for applications that are complete and not flagged as risky.

  • Within 30 days for applications flagged for risk, requiring physical inspection.

The timelines are expected to reduce uncertainty for applicants and prevent files from lingering due to officer inaction. Notably, the instructions clarify that no registration should be granted on a deemed basis simply because the officer did not act in time.

Structured Physical Verification for Risky Applications

For cases flagged as risky — either due to lack of Aadhaar authentication or suspicious backend data — the Board has introduced a well-defined protocol for physical verification. Officers must:

  • Conduct the inspection,

  • Upload GPS-tagged photos as part of the verification report,

  • Submit the report at least 5 days before the 30-day limit.

These steps ensure accountability and traceability in verification procedures.

Approval Needed for Additional Document Requests

To curb unauthorised demands, any request for documentation beyond the prescribed list now requires approval from a deputy or assistant commissioner. Furthermore, minor discrepancies in submissions cannot be grounds for queries unless they are central to verifying business or ownership claims.

This top-down approval mechanism is designed to act as a check on overzealous or arbitrary officer conduct.

Oversight and Monitoring Mechanisms

CBIC has instructed senior officers to monitor application processing more rigorously and to ensure adequate staffing at relevant departments. Any deviation from the new process may attract disciplinary action, thereby reinforcing the seriousness of the reform.

States may also issue trade notices to clarify what constitutes acceptable documentation under state-specific laws, ensuring smoother implementation on the ground.

Read More: Penalty of ₹10,000: If These New GST Rules Are Not Followed from April 1, Businesses Should Take Note.

Conclusion

The CBIC’s move to overhaul the GST registration protocol marks a decisive effort to reduce administrative friction for businesses. With defined documentation requirements, firm processing timelines, and accountability for officers, the new guidelines aim to make GST registration more uniform, predictable, and fair.

While the reforms are administrative in nature, they hold significant implications for businesses navigating India’s indirect tax landscape.

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.

EPFO 3.0 Set to Launch by May-June: Will It Ease Withdrawal Challenges?

The Employees’ Provident Fund Organisation (EPFO) is preparing for a sweeping digital overhaul with the launch of Version 3.0. Scheduled to go live between May and June 2025, this upgrade aims to bring improved efficiency, ease of access, and faster claim settlements for over 9 crore members.

Union Labour and Employment Minister Mansukh Mandaviya announced the upcoming rollout, highlighting that the initiative is focused on providing “seamless and simplified services” through a robust IT infrastructure.

Key Features of EPFO Version 3.0

The EPFO 3.0 upgrade will introduce a range of user-centric features that aim to reduce paperwork and physical visits to EPFO offices. Some of the notable enhancements include:

  • Faster Claims Processing:
     Claims will be settled more swiftly, resulting in quicker fund transfers to members’ bank accounts.

  • ATM-Based Withdrawals:
     Members may be able to withdraw funds using ATMs, adding convenience and reducing dependency on manual claim processes.

  • Auto-Claim Settlements & OTP-Based Authentication:
     Services such as claim approvals and account updates will be managed through OTP-based verification, eliminating the need for filling out extensive forms.

  • Digital Corrections and Account Mandates:
     Members will be able to update personal and banking details digitally, streamlining the overall user experience.

Expanding Pension Accessibility

A significant development under EPFO’s broader reforms includes the Centralised Pension Payment System. This change now allows more than 78 lakh pensioners to receive benefits in any bank account of their choice, removing the previous limitation of using only zonal banks.

Additionally, there are ongoing discussions around integrating other social security schemes such as:

  • Atal Pension Yojana

  • Pradhan Mantri Jeevan Bima Yojana

Such integration could further bolster the pension ecosystem, especially for unorganised and informal sector workers.

Strengthening the Health and Social Security Net

Beyond pension reforms, the government has also set its sights on enhancing healthcare access. Under the new plan:

  • ESIC Beneficiaries:
     Will soon be eligible for free treatment in Ayushman Bharat-empanelled hospitals, expanding coverage to include charitable and private hospitals.

  • Inclusion of Gig Workers:
     A memorandum of understanding with Swiggy is set to open over 12 lakh job opportunities, with listings available on the National Career Service (NCS) portal. This signals a move to include gig economy workers within the social security framework.

A Focus on Grievance Redressal

EPFO has already made strides in addressing member concerns, with Version 2.01 significantly reducing grievance volumes. The upcoming 3.0 version is expected to further improve response times and issue resolution, creating a more member-friendly experience.

Read More: EPFO: Employers Can Now Pay Old EPF Dues via One-Time Demand Draft.

Conclusion 

The introduction of EPFO Version 3.0 reflects a broader governmental push towards digital-first governance and inclusive social security. By embracing technology, the organisation aims to make provident fund management more transparent, efficient, and accessible—paving the way for a new chapter in India’s social security landscape.

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.

Gensol Crisis: Eversource Capital is in Talks to Buy BluSmart in ₹850 Crore Deal

As per news reports, Eversource Capital is in advanced discussions to acquire BluSmart, an electric ride-hailing platform, for ₹850 crore. 

 

The deal comes at a time when BluSmart is grappling with operational challenges, including suspensions in several cities, and its promoters are facing scrutiny over alleged financial misconduct linked to Gensol Engineering. The acquisition, if finalised, could reshape the future of the electric mobility startup amid ongoing investigations.

Eversource Eyes Acquisition of BluSmart Amid Operational Struggles

As per news reports, investment firm Eversource Capital is in advanced discussions to acquire BluSmart, an electric ride-hailing startup, for a proposed valuation of around ₹850 crore. The offer is currently non-binding and subject to due diligence and board approvals, with a formal announcement expected within two weeks. 

 

BluSmart, once hailed for its green mobility drive, has recently suspended operations in multiple cities. The company’s founders, Anmol Jaggi and Puneet Singh Jaggi, who are also the promoters of publicly-listed Gensol Engineering, may be asked to step down from BluSmart’s board if the deal proceeds. Eversource Capital has not provided a response to queries about the potential acquisition.

Financial Probes Surround BluSmart Promoters

The proposed acquisition comes against the backdrop of a deepening investigation by SEBI into fund diversion at Gensol Engineering. As per news reports, SEBI has alleged that funds were misdirected from Gensol to private entities controlled by the promoters, who also allegedly used a private firm, Wellray, to trade in Gensol’s shares. 

 

Out of BluSmart’s fleet of 8,700 electric vehicles, around 5,500 are supplied by Gensol, while over 3,000 have been leased from other partners. In a parallel development, the Ministry of Corporate Affairs has launched a suo motu probe into Gensol Electric, examining regulatory filings and financial records for possible irregularities. 

 

The outcome of this inquiry may determine further action against the company.

Read More: Gensol Shares Slide to 52-Week Low After SEBI Flags Inactivity at EV Plant

 

Gensol Engineering Share Performance 

As of April 21, 2025, 10:30 AM, Gensol Engineering share price is trading at ₹110.71, reflecting a 5% drop from the previous closing price. Over the past month, the stock has declined by 53.55%.

Conclusion

BluSmart, once a beacon of sustainable urban mobility backed by prominent investors such as BP Ventures, MS Dhoni, Deepika Padukone, and Ashneer Grover, now finds itself at a crossroads. The potential acquisition by Eversource Capital could provide a fresh start, though the final outcome hinges on the resolution of ongoing investigations and internal governance changes.

 

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.

 

TCS, Vianai Collaborate to Bring Gen-AI Decision Intelligence to Enterprises

Tata Consultancy Services (TCS) has partnered with Vianai Systems to enhance decision-making using conversational AI. This alliance allows business leaders to interact with data through natural conversations using Vianai’s Hila Platform. The goal is to provide quick insights without needing deep technical knowledge.

Benefits of the Hila Platform

The Hila Platform helps users, especially top executives, get real-time answers by asking questions in simple language. It combines AI and data analytics to support smart decisions in areas like finance, sales and supply chains. TCS will tailor this platform to meet the needs of different industries and ensure it fits smoothly into existing systems.

Statements from Leadership

Dr. Vishal Sikka, Founder & CEO, Vianai Systems, stated, “We are thrilled to partner with TCS, a collaboration that will unlock the full potential of hila, Vianai’s groundbreaking generative-AI platform. 

 

By enabling business users to engage directly with their transactional data in their own landscape, with accuracy, speed, security 

and at low cost, hila represents a new era in AI-driven decision-making. This partnership empowers enterprises worldwide to grow, optimise, and innovate with unprecedented simplicity and trust, embodying our vision of technology as a powerful human amplifier.”

TCS and Vianai’s Role in AI

TCS is committed to shaping the future with AI by training teams, offering expert services and ensuring safe AI practices. They provide a wide range of GenAI solutions, including consulting, model training and responsible AI frameworks. Vianai’s Hila Platform is designed to reduce AI errors and deliver reliable results for businesses worldwide.

 

Also Read: TCS Share Price in Focus After Dividend Declaration

Share Price Performance 

As of April 21, 2025, at 10:45 AM, Tata Consultancy Services Ltd share price is trading at ₹3,323 per share, reflecting a surge of 0.73% from the previous day’s closing price. Over the past month, the stock has registered a loss of 7.13%. The stock’s 52-week high stands at ₹4,592.25 per share, while its low is ₹3,056.05 per share.

Conclusion

This partnership is a big step towards making data and AI simple and useful for business leaders. With the Hila Platform and TCS’s support, companies can make better and faster decisions. It shows how AI can be a helpful tool for everyone, not just tech experts.

 

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.

 

Sky Gold & Diamonds Completes 100% Acquisition of Ganna N Gold for ₹225 Crore

Sky Gold and Diamonds Limited has acquired 100% of Ganna N Gold Private Limited, a Mumbai-based gold bangles manufacturing company. The deal is worth ₹225 crore and is being done entirely through a share swap, meaning no money is being paid in cash. This move allows Sky Gold to start manufacturing machine-made and handmade bangles and expand its range of jewellery offerings.

Strategic Benefits of the Deal

This is Sky Gold’s third acquisition in the last six months, which aligns with their growth plans. The deal has several benefits:

  • Ganna N Gold is already an expert in manufacturing jewellery, which strengthens Sky Gold’s product range.
  • Since it’s a share-swap deal and Ganna N Gold has a zero-inventory model, there is no need for extra cash investment.
  • Ganna N Gold enjoys a lower corporate tax rate of 15% due to Section 115BAB, which will improve Sky Gold’s overall profits.

Company Backgrounds

Ganna N Gold, founded in 2021, is known for its unique bangle designs and customisation capabilities. Its management team will join Sky Gold’s team. 

 

Sky Gold and Diamonds began in 2005 and became a public company listed on stock exchange. It has a large manufacturing facility in Navi Mumbai, employs over 850 people and sells through 2,000+ outlets. The company has also acquired Sparkling Chains and Starmangalsutra Pvt. Ltd. to strengthen its market presence.

Financial & Market Impact

The projected financials of Ganna N Gold show rapid growth:

  • Revenue is expected to grow from ₹29 Cr in FY 2025-26 to ₹81 Cr in FY 2027-28.
  • Profit after tax is projected to rise from ₹19 Cr to ₹43 Cr during the same period.

Sky Gold’s total market share across different jewellery types now stands at 75%, with contributions from its various acquisitions. This positions the company to meet a large portion of retail gold jewellery demand.

Also Read: Sky Gold Shares Locked in Upper Circuit

Share Performance 

As of April 21, 2025, at 10:30 AM, Sky Gold and Diamonds Ltd Share Price is trading at ₹345.30 per share, a 1.62% down. Over the past month, the stock has registered a profit of 3.09%. The stock’s 52-week high stands at ₹488.55 per share, while its low is ₹101.10 per share.

Conclusion

This acquisition strengthens Sky Gold’s market presence and product variety, giving the company a bigger role in the jewellery industry. By adding Ganna N Gold to its group, Sky Gold is not only expanding but also improving its profitability and customer offerings, setting a solid path for future growth.

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.

NIIT to Acquire Remaining IFBI Stake, Raising Stake to 100%

NIIT Limited has decided to buy additional shares in its subsidiary, NIIT Institute of Finance Banking and Insurance Training Limited (IFBI). It will purchase:

  • 19,00,000 shares (18.79%) from ICICI Bank  
  • 50,000 shares (0.49%) from individual shareholders  

 

Earlier, NIIT held 80.72% of IFBI. After this deal, it will own 100%, making IFBI a wholly owned subsidiary.

Why This Acquisition? 

This move is part of NIIT’s business strategy to fully control IFBI, which aligns with its focus on training in the Banking, Financial Services and Insurance (BFSI) sector. The deal is expected to be completed by September 30, 2025.

Details of the Transaction

  • Type: Cash transaction  
  • Cost: Between ₹47 million to ₹65.8 million for shares from ICICI Bank  
  • Result: NIIT will acquire full ownership of IFBI (100% stake)

About IFBI

IFBI, started in 2006, trains people for jobs in the BFSI sector. It’s based in Gurgaon, India. Revenue in last 3 years:  

  • FY24: ₹567 million  
  • FY23: ₹184 million  
  • FY22: ₹152 million  

Net worth (as of March 31, 2024): ₹219 million  

 

Also Read: NIIT Learning Systems Limited (NIIT MTS) Ranked Among Top 20 Learning Services Companies

Share Price Performance 

As of April 21, 2025, at 11:15 AM, NIIT Ltd Share Price is trading at ₹132.25 per share, reflecting a surge of 1.21% from the previous closing price. Over the past month, the stock has registered a profit of 5.12%. The stock’s 52-week high stands at ₹233.80 per share, while its low is ₹90.55 per share.

Conclusion

This strategic acquisition aligns with NIIT’s goal to consolidate its holdings in IFBI, strengthening its position in the BFSI training market. The move simplifies ownership and enhances operational control over the subsidiary.

 

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 Set to Sign Largest Rafale Marine Jet Deal with France on April 28

India is on the verge of finalising a landmark defence agreement with France for the acquisition of 26 Rafale Marine fighter jets. Slated for signing on 28 April, the deal marks a major step in bolstering the Indian Navy’s air capabilities and deepening bilateral defence ties. 

 

The high-profile signing event is expected to take place in New Delhi in the presence of senior officials from both nations.

India and France to Finalise Major Naval Fighter Jet Deal

In a significant development, India and France are poised to conclude a government-to-government agreement for the purchase of 26 Rafale Marine aircraft. Senior officials from both countries will witness the signing ceremony, expected to take place outside the Defence Ministry headquarters in South Block. The French Defence Minister is scheduled to arrive in India a day prior to the event.

 

The contract was cleared earlier this month on 9 April by the Cabinet Committee on Security, chaired by Prime Minister Narendra Modi. This acquisition represents India’s largest-ever defence procurement deal, underscoring its continued focus on maritime security and defence modernisation.

Rafale-M Jets to Bolster Naval Air Power from INS Vikrant

The deal includes 22 single-seater and four twin-seater Rafale Marine fighter jets. It also provides for a complete support package comprising maintenance, logistics, personnel training, and incorporation of indigenous components. 

These aircraft will be deployed on INS Vikrant, India’s first indigenously built aircraft carrier, and will operate alongside the existing Mig-29K fleet. The addition of these jets will take the total number of Rafale fighters in Indian service to 62. The Indian Air Force already operates 36 Rafale jets, procured under a separate 2016 agreement, from Ambala and Hashimara airbases.

Read More: India’s Largest Fighter Jet Deals: ₹63,000 Crore Cleared for 26 Rafale Marine Jets from France

Conclusion

The Rafale Marine deal marks a defining moment in India’s defence landscape. By strengthening naval aviation with advanced 4.5-generation fighters, India reinforces its maritime dominance and strategic depth in the Indo-Pacific region. This agreement not only enhances combat readiness but also solidifies the enduring defence partnership between New Delhi and Paris.

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. 

Craftsman Automation Started Commercial Operations at Its Newly Built Plant in Coimbatore

Craftsman Automation Limited has officially announced the commencement of commercial operations at its newly established plant located in Kothavadi, Coimbatore.

 

This development marks a significant milestone in the company’s expansion efforts and adherence to its commitment towards strengthening manufacturing capabilities.

Expansion of Manufacturing Facilities 

On 19th April 2025, Craftsman Automation Limited began commercial production at its new Kothavadi facility. This move follows an earlier intimation made on 30th October 2023, in compliance with Regulation 30 read with Para B of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new facility is part of the company’s strategic plan to enhance its operational capacity and address growing market demand.

About Craftsman Automation Limited

Craftsman Automation Limited is a leading engineering company in India that specialises in manufacturing precision components. It serves key sectors such as automotive, industrial and engineering, offering products like engine parts, transmission systems and industrial equipment. 

 

Read More: Craftsman Automation Acquires INOS 24-004 GmbH

Share Price Performance 

As of April 21, 2025, at 12:15 PM, Craftsman Automation Ltd share price is trading at ₹4,800, reflecting a surge of 0.84% from the previous closing price. Over the past month, the stock has registered a decline of 0.30%. The stock’s 52-week high stands at ₹7,121.25 per share, while its low is ₹3,700 per share.

Conclusion

Craftsman Automation’s latest announcements reflect both operational growth and a transparent approach to financial communication. The commencement of the new plant and the scheduled financial updates underline the company’s commitment to expanding its capabilities and maintaining strong engagement with its stakeholders.

 

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.