JSW Group to Develop Two Copper Mines With an Investment of ₹2600 Crore

Founded by Sajjan Jindal in 1982, JSW Group is one of India’s most prominent conglomerates, with a diversified portfolio spanning steel, energy, infrastructure, cement, and paints. Headquartered in Mumbai, the group has established a global footprint, renowned for its commitment to innovation and sustainability.

Secured the Contract Worth of ₹2,600 crore

JSW Group has secured the prestigious Mine Developer and Operator (MDO) contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL). The $24-billion conglomerate announced on January 27, 2025, its plans to invest a substantial ₹2,600 crore in the project.

As part of this ambitious venture, JSW Group will oversee the operationalisation of the two copper mines and the establishment of a state-of-the-art copper concentrator plant. Upon full ramp-up, the mines are projected to have an ore capacity of 3 million tonnes per annum (MTPA) and are expected to commence partial operations in the latter half of FY27.

Partnership With Hindustan Copper

JSW has secured a 20-year Mine Developer and Operator (MDO) contract, extendable by 10 years, to develop copper mines in partnership with Hindustan Copper Limited (HCL). JSW will oversee mine development, capital investments, and the installation of a concentrator plant, while Hindustan Copper will provide technical support.


Parth Jindal highlighted copper’s strategic importance for EVs, renewable energy, construction, and electronics, emphasizing the venture’s role in reducing India’s reliance on copper imports and driving industrial growth.

Signed MoU with Maharashtra Government

JSW Group’s foray into copper mining reflects its growth-focused vision. Strengthening its presence across key sectors, the group recently signed an MoU with the Maharashtra government to invest ₹3 lakh crore in steel, renewable energy, EVs, infrastructure, and cement. 

Additionally, it announced a ₹30,000 crore capex plan for FY25-FY30 to expand JSW Infrastructure’s cargo handling capacity to 400 MTPA through brownfield, greenfield projects, and integrated logistics solutions.

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.

Optiemus and TP Link Team Up for Made In India IoT Devices

Optiemus Electronics Ltd has partnered with TP-Link to manufacture a wide range of telecom and IoT devices in India. This strategic move supports the ‘Make in India’ initiative and strengthens Optiemus’s role in advancing the country’s electronics manufacturing industry.

Partnership Between TP Link and Optiemus Electronics

Optiemus Electronics Limited (OEL) has partnered with TP-Link, a global leader in networking devices, to manufacture a range of products in India. This collaboration supports the Indian government’s ‘Make in India’ initiative and aims to strengthen India’s position as a hub for telecom and electronics manufacturing. The partnership will focus on producing key telecom and IoT devices such as Wi-Fi routers, enterprise routers, modems, security cameras and network expansion devices.

Boosting Local Manufacturing and Exports

Under this agreement, TP-Link products will be manufactured in OEL’s advanced facility which has the capacity to produce up to 6 million devices annually. OEL is also working to establish a strong local supply chain by domestically sourcing components like power adapters and mechanical parts. This will reduce import dependence and ensure better control over the supply chain. Additionally, this collaboration will contribute to producing export-quality electronic products, enhancing India’s global presence in the industry.

Supporting Employment and Development

The partnership is expected to create significant job opportunities and promote skill development in India. By leveraging TP-Link’s technological expertise and OEL’s manufacturing capabilities, the collaboration aims to deliver world-class products while contributing to the broader goal of Atmanirbhar Bharat. The production of these Made-in-India devices will begin in February 2025, with products available in the domestic market by March 2025.

About the Companies

OEL specialises in electronics manufacturing and offers end-to-end solutions, including production, supply chain management and refurbishment. With two advanced facilities in Noida, OEL is trusted by both local and global brands. 

TP-Link, a global leader in networking and smart home devices, serves customers in over 170 countries. Known for innovative and reliable products, TP-Link continues to expand its footprint while enhancing connectivity solutions worldwide.

OEL Share Performance 

As of January 28, 2025, 11:15 AM, the shares of OEL are trading at ₹588.20 per share with a decline of 5.00% from its previous day’s closing price. Over the last month, the stock has declined by 15.63%. The stock has a 52-week high and 52-week low of ₹873.80 per share and ₹215.80 per share respectively

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.

Canara Bank to Provide Loan Against Mutual Funds From April 1

In a significant move towards digital banking, Canara Bank has announced the launch of its fully digital loan service against mutual funds, effective from 1st April 2025. This service allows customers to leverage their mutual fund investments to obtain loans without the need to liquidate their assets, offering a convenient and efficient solution for immediate financial requirements.

Features of the Digital Loan Service

The upcoming digital loan service is designed to provide customers with instant access to funds by pledging their mutual fund units as collateral. Key features of this service include:

  • Loan Quantum: Customers can avail loans up to ₹20 lakh, depending on the valuation of their mutual fund holdings.
  • Loan-to-Value Ratio: The bank offers a loan amounting to up to 50% of the Net Asset Value (NAV) of the pledged mutual fund units.
  • Interest Rates: Competitive interest rates are applied, with options for both floating and fixed rates.
  • Repayment Tenure: Flexible repayment options are available, with a tenure of up to 60 months.
  • Processing Fees: A nominal processing fee of 0.1% of the loan amount is charged, subject to a minimum of ₹100 and a maximum of ₹250.

Benefits to Customers

This digital loan service offers several advantages to customers:

  • Retention of Investments: Customers can meet their financial needs without selling their mutual fund units, allowing their investments to continue growing.
  • Convenience: The entire loan application and disbursement process is conducted online, eliminating the need for physical branch visits.
  • Quick Disbursement: The digital platform ensures rapid processing and disbursement of loans, providing timely financial assistance.
  • No Prepayment Penalty: Customers have the flexibility to repay the loan ahead of schedule without incurring any prepayment charges.

Canara Bank Share Performance

As of January 28, 2025, 2:12 PM, the shares of Canara Bank are trading at ₹92.35 per share with a surge of 0.46% from its previous day’s closing price. Over the last month, the stock has declined by 7.11%.

Conclusion

Canara Bank’s fully digital loan against mutual funds marks a significant advancement in the bank’s digital offerings, aligning with the evolving preferences of customers for seamless and efficient banking solutions. 

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.

Infosys Sets Up Seven Digital Learning Centres In Ukraine for Educational Support

Infosys and Street Child are working together to support children’s education in Ukraine, which has been severely disrupted by conflict. Their efforts include creating digital learning spaces and providing resources for students and teachers to continue learning effectively.

Infosys and Street Child Join Hands for Education in Ukraine

Infosys, a leader in digital services, has partnered with Street Child, an international children’s charity, to address the educational challenges faced by children in conflict-affected Ukraine. Together, they have established seven Digital Learning Centers (DLCs) and launched a Digital Transformation program to provide tailored online learning resources for students and teachers. This initiative is part of their effort to mitigate the disruption caused by the ongoing conflict, which has significantly affected Ukraine’s education system, leaving 1.9 million children dependent on remote learning.

Digital Learning Centers: A Safe Space for Education

The collaboration began in 2024 with plans to create and renovate five DLCs in Dnipropetrovsk, a region in Eastern Ukraine. However, by the end of the first year, seven centers were completed including one renovated by an all-female team due to limited male workforce availability. These centres provide secure spaces equipped with laptops, internet, projectors and accessibility features such as wheelchair ramps. Additionally, they include areas for mental health support to assist young learners in coping with the challenges of remote education during the conflict.

Positive Impact and Vision for the Future

In just three months since their launch in September 2024, the DLCs have supported over 1,000 children by providing high-quality educational materials and secure learning environments. This initiative aims to create a more resilient education system in Ukraine. Tom Dannatt, CEO of Street Child, emphasised the importance of digital education in crisis-affected areas, expressing pride in the early success of the collaboration which demonstrates its potential to benefit other regions in need.

About Infosys and Street Child

Infosys is a global company that focuses on digital services and consulting with a strong dedication to making a positive impact on society. Street Child, founded in 2008, is a rapidly growing charity that works to ensure children are safe, attending school and learning. Together, they strive to support communities by improving education even in difficult situations. This partnership reflects their shared commitment to creating solutions that improve lives in areas affected by crises.

Infosys Share Performance 

As of January 28, 2025, 11:00 AM, the shares of Infosys are trading at ₹1,843.15 per share with a surge of 1.16% from its previous day’s closing price. Over the last month, the stock has declined by 3.30%. The stock has a 52-week high and 52-week low of ₹2,006.45 per share and ₹1358.35 per share respectively

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.

Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2028 Index Fund Files Draft With SEBI

Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2028 Index Fund is a target maturity index fund that invests in quality debt securities. The fund tracks the CRISIL-IBX AAA NBFC-HFC Index – Jun 2028, focusing on bonds issued by non-banking financial companies (NBFCs) and housing finance companies (HFCs) rated AAA.

Investment Objective

The scheme aims to generate returns that closely match the CRISIL-IBX AAA NBFC-HFC Index before accounting for fees and expenses. It follows a passive investment strategy and holds bonds until maturity unless rebalancing or redemptions require changes.

Asset Allocation

The fund allocates 95-100% of its assets to securities from the CRISIL-IBX AAA NBFC-HFC Index. The remaining 0-5% is kept in debt and money market instruments for liquidity purposes. No investments are made in derivatives, credit-enhanced instruments, or securities with structured obligations.

Risk and Returns

The fund comes with relatively high interest rate risk but low credit risk. As it primarily invests in AAA-rated bonds, the credit risk is minimal. However, returns may vary slightly due to tracking errors or differences between the index and the fund’s holdings.

Expense Ratio and Costs

The total expense ratio is capped at 1% of the fund’s daily net assets, with a lower cost for the Direct Plan as it excludes distributor commissions. There is no entry or exit load, and the units are priced at ₹10 during the New Fund Offer (NFO) phase.

Liquidity and Redemption

Units can be redeemed or subscribed to at NAV-based prices on business days. Redemption proceeds are dispatched within three working days under normal circumstances.

This fund is suited for investors with a medium to long-term horizon who are looking for predictable returns and can accept interest rate risk. The scheme also provides options for systematic investments and withdrawals, offering flexibility.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

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 are subject to market risks, read all scheme-related documents carefully.

Axis CRISIL IBX AAA Bond NBFC – Jun 2028 Index Fund Filed Draft Papers

The Axis CRISIL-IBX AAA Bond NBFC – Jun 2028 Index Fund is an open-ended target maturity index fund. It invests in AAA-rated bonds issued by non-banking financial companies (NBFCs) and aims to track the CRISIL-IBX AAA NBFC Index – Jun 2028. The fund has a defined maturity of June 30, 2028.

Investment Objective

The fund’s objective is to deliver returns aligned with the performance of its benchmark index. It follows a passive investment approach, mirroring the index’s constituents while maintaining tracking error within permissible limits.

Asset Allocation

The portfolio primarily consists of 95-100% fixed-income instruments corresponding to the CRISIL-IBX AAA NBFC Index. Up to 5% of assets may be allocated to money market instruments for liquidity purposes. Repo and reverse repo transactions in corporate debt are also allowed, capped at 5% of net assets.

Features

  • Expense Ratio: Capped at 1% of daily net assets.
  • Minimum Investment: Investors can begin with ₹5,000 during the New Fund Offer (NFO) and subsequent investments start from ₹1,000.
  • Liquidity: Units can be redeemed on any business day, with redemption proceeds processed within three working days.
  • No Entry/Exit Loads: Investors are not charged any additional fees for purchasing or redeeming units.

Risk Factors

The scheme is subject to interest rate risk, where bond prices may fluctuate with changes in interest rates. However, credit risk is low as it invests in AAA-rated instruments. 

Suitability

This fund is ideal for those looking for predictable returns and low credit risk over the medium term. It provides an opportunity to invest in quality NBFC bonds with a fixed maturity timeline, making it suitable for conservative investors.

The fund’s Net Asset Value (NAV) is updated daily and disclosed by 11 PM on the Axis Mutual Fund website and AMFI portal.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

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 are subject to market risks, read all scheme-related documents carefully.

Axis MF Files Draft For Axis Nifty AAA Bond Financial Services – Mar 2028 Index Fund

The Axis Nifty AAA Bond Financial Services – Mar 2028 Index Fund is an open-ended target maturity index fund. It passively tracks the Nifty AAA Financial Services Bond Mar 2028 Index, aiming to replicate its performance before fees and expenses. 

The fund is for investors with moderate interest rate risk tolerance and low credit risk preferences. Its maturity date aligns with the index’s target of March 31, 2028.

Asset Allocation

The fund invests 95%-100% of its portfolio in AAA-rated financial services bonds included in the index. A maximum of 5% of assets can be allocated to money market instruments to manage liquidity needs. These allocations will help align with the benchmark while maintaining liquidity for redemption requests.

Investment Plans and Minimum Contributions

The fund offers two plans: Direct and Regular. Both plans come with Growth and Income Distribution cum Capital Withdrawal (IDCW) options.

  • Minimum investment during the NFO: ₹5,000.
  • Additional investments: ₹1,000 and multiples of ₹1 thereafter.
  • Units are priced at ₹10 per unit during the New Fund Offer period.

The New Fund Offer (NFO) dates are yet to be announced 

Expense Ratio and Fees

The fund’s expense ratio is capped at 1%, as per SEBI regulations. Direct plans exclude distributor commissions, reducing costs for investors. Importantly, there is no entry or exit load, making the fund more accessible without additional charges.

Redemption and Liquidity

Investors can redeem units on any business day, with redemption proceeds typically disbursed within three working days. Units will automatically mature on March 31, 2028, and the proceeds will be credited within the same timeline.

Benchmark and Tracking

The fund’s benchmark is the Nifty AAA Financial Services Bond Mar 2028 Index. While it aims to track the index precisely, minor deviations (tracking error) may occur due to operational factors or market conditions.

Key risks include interest rate fluctuations and liquidity concerns. However, the inclusion of AAA-rated bonds minimizes credit risk.

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

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 are subject to market risks, read all scheme-related documents carefully.

Aditya Birla Sun Life Active Debt FOF: Major Changes Announced

Aditya Birla Sun Life Mutual Fund has announced modifications to its scheme, Aditya Birla Sun Life Active Debt Multi-Manager FOF, effective March 3, 2025. These changes include a name change, an updated investment strategy, a revised asset allocation, and adjustments to its benchmark and risk profile. Here’s everything you need to know:

Scheme Name and Investment Objective

The scheme will now be called Aditya Birla Sun Life Debt Plus Arbitrage FOF. Its revised investment objective introduces a dual focus on generating returns from both debt-oriented funds and the Aditya Birla Sun Life Arbitrage Fund. Previously, the scheme was exclusively invested in pure debt-oriented funds.

Revised Asset Allocation

The updated allocation strategy brings more flexibility to the portfolio. The fund will allocate 50-100% of its assets to debt-oriented mutual funds and up to 45% in arbitrage funds, diversifying its approach while catering to a wider range of investment opportunities.

Change in Benchmark

To reflect its revised investment strategy, the scheme’s benchmark will shift from the CRISIL Composite Bond Index to a hybrid benchmark:

  • CRISIL Composite Bond Index (60%)
  • NIFTY 50 Arbitrage Index TRI (40%).

This adjustment aligns the benchmark with the inclusion of arbitrage funds in the portfolio.

Risk-O-Meter Adjustment

The scheme’s risk-o-meter has been updated, moving from a “moderate” risk level to “low to high”, showcasing the varying risk levels associated with the inclusion of arbitrage funds.

Exit Window for Investors

A 30-day exit window has been provided to investors, running from January 30, 2025, to February 28, 2025. During this period, investors can redeem or switch their investments without incurring an exit load. No action is required for those who accept the changes.

These updates aim to help boost the scheme’s appeal by offering diversification and flexibility in its investment strategy, aligning with evolving market conditions and investor preferences.

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 are subject to market risks, read all scheme-related documents carefully.

Tata Power Solar Subsidiary Secures ₹455 Crore Solar Module Order

TP Solar Ltd, a subsidiary of Tata Power Renewable Energy Ltd (TPREL), has been awarded a ₹455 crore contract by Maharashtra State Power Generation Company Ltd (MSPGCL). The contract involves the supply of 300 MWp ALMM-certified solar modules under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 project. These modules are expected to be delivered across various locations in Maharashtra by the end of this year.

Tata Power Company Ltd shares are trading at ₹349.35, down by 0.72% today (28 Jan, 12:54 PM), with a 21.01% decline over the past six months and 8.44% over the past year.

Part of a Larger Tender

This order is a part of MSPGCL’s larger 750 MWp solar tender, which was finalized through a competitive e-reverse auction (eRA) process. The modules supplied by TP Solar will contribute to Maharashtra’s renewable energy, particularly in supporting agricultural power needs under the MSKVY 2.0 scheme.

Largest Solar Cell Facility

TP Solar operates India’s largest single-location solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. The plant has a production capacity of 4.3 gigawatts (GW) each for solar cells and modules.

 It has been designed to accommodate future expansion and a push toward increasing domestic solar manufacturing capacity.

Technological Features 

The facility uses advanced technologies like TOPCon and Mono PERC for manufacturing. It produces ALMM-certified modules, as well as domestically produced DCR modules, with India-made solar cells. This will help strengthen the solar value chain within the country.

Investment in Renewable Energy

Tata Power has invested ₹4,300 crore in the Tirunelveli facility. This is in an effort to reduce dependency on imported solar components and encourage indigenisation in the renewable energy sector.

The modules under the current contract are expected to be deployed within 2025. This project shows the role of large-scale tenders in boosting solar energy adoption in India, particularly through state-led renewable energy initiatives.

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 are subject to market risks, read all scheme-related documents carefully.

Delhivery Secures HPCL’s Lubricant Distribution Nationwide Order

Hindustan Petroleum Corporation Ltd (HPCL) has partnered with Delhivery to manage the distribution of its branded lubricants, HP Lubricants, across India. The deal involves the movement of millions of lubricant stock-keeping units (SKUs) using Delhivery’s logistics network.

The collaboration will rely on Delhivery’s Part Truck Load (PTL) logistics network and its centralized tracking systems. These tools are expected to simplify supply chain management, enabling HPCL to streamline deliveries and monitor things effectively.

Statements from the Companies

Ch Srinivas, Executive Director of HPCL’s Lubes segment, described the partnership as an opportunity to integrate HPCL’s existing systems with Delhivery’s logistics capacity. “This collaboration ensures a smooth, end-to-end distribution system while maintaining efficiency and product quality,” he said.

Suraj Saharan, co-founder of Delhivery, talked about the scale of operations and the company’s readiness to manage them. He stated that the deal highlights Delhivery’s ability to deliver solutions for large-scale logistics operations.

HPCL’s and Delhivery’s Reach

HPCL, a Maharatna public sector company, operates a vast network of over 23,000 retail outlets and 6,400 LPG distributors. It serves millions of customers and manages two refineries in addition to a lube refinery.

Delhivery, known for its extensive reach, operates across more than 18,700 pin codes in India. Since its inception, it has handled over 3.2 billion shipments and serves over 38,000 clients, ranging from startups to established enterprises.

Market Reaction

As of 3:30 PM today, on January 27, Hindustan Petroleum Corporation Ltd shares closed at ₹345.65, down by 2.04% for the day, showing a 9.29% decline over the past six months but a 14.63% increase over the past year, whereas Delhivery’s stock ended at ₹315.60, down by 1.91% today, showing a 23.47% drop in the last six months and a 26.24% decline over the past year.

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