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NALCO’s Profit Puzzle: Strong Sales Amidst Declining Returns

NALCO’s Profit Puzzle: Strong Sales Amidst Declining Returns

September 22, 2023 Raj Kumar.G
Navigating the High Seas: NALCO’s Profit Decline Amidst Strong Sales in FY23 National Aluminium Company Ltd (NALCO), one of India’s leading aluminium companies, has reported a decline in profits despite strong sales in the fiscal year 2022-23. The company’s sales amounted to Rs 14,171 crore, with a net profit of Rs 1,544 crore. During this period, NALCO achieved an export turnover of Rs 4,217 crore. A Look Back: Record Sales and Profits In contrast, the previous financial year 2021-22 saw NALCO achieving its highest-ever sales of Rs 14,181 crore and a record net profit of Rs 2,952 crore. These figures were revealed during the company’s 42nd annual general meeting held in virtual mode on Thursday, where the annual accounts for 2022-23 were approved. The Challenges: Higher Input Costs and Volatility Despite the growth on various fronts in FY 2022-23, NALCO’s profit margins have been affected due to higher input costs, business environment
KPI Green Energy Skyrockets 2.23% with New Wind-Solar Project

KPI Green Energy Skyrockets 2.23% with New Wind-Solar Project

September 22, 2023 Raj Kumar.G
KPI Green Energy Soars 2.23% on Securing Wind-Solar Hybrid Power Project from Ayana Renewable Power KPI Green Energy, a leading name in the renewable energy sector, has recently seen a significant rally of 2.23%, bringing its share price to Rs 831.50. This surge comes on the heels of the company receiving a letter of intent (LoI) from Ayana Renewable Power Four for a wind-solar hybrid power project. A Glimpse into the Future: The Wind-Solar Hybrid Power Project The order includes a 145.20 MW wind-solar hybrid power project, which comprises 145.20 MW wind and 50 MW solar. This project will be located in Gujarat, one of India’s most industrially advanced states. It falls under KPI Green Energy’s ‘captive power producer (CPP)’ business segment. The Role of KPI Green Energy KPI Green Energy will be responsible for providing a range of services, including engineering, procurement, construction, and commissioning (EPCC). This entails tasks suc
Strike Shakes Apollo Tyres: An In-depth Look at the Impact on Share Prices

Strike Shakes Apollo Tyres: An In-depth Look at the Impact on Share Prices

September 20, 2023 Raj Kumar.G
Apollo Tyres Strike: A Bumpy Ride in the Stock Market Apollo Tyres, a leading tyre manufacturing company, is currently facing a challenging situation due to an employee strike at its Limda plant in Gujarat. The strike has led to a halt in the production of Bias and OTR tyres at the facility. Apollo Tyres, is currently trading at Rs 378 per share. Over the past 52 weeks, the company’s share price has seen significant fluctuations, reaching a high of Rs 440 and a low of Rs 262. This volatility in the share price reflects the dynamic nature of the stock market and the various factors influencing Apollo Tyres’ performance. The root cause of this strike lies in the discontent among the employees over the renewal of a long-term settlement agreement Apollo Tyre Current Scenario  The company is currently facing a challenging situation due to an employee strike at its Limda plant located in the Baroda area of Gujarat. The strike has been trigge
Union Bank of India: Five Days of Unstoppable Growth

Union Bank of India: Five Days of Unstoppable Growth

September 20, 2023 Raj Kumar.G
Union Bank of India: A Five-Day Bull Run with a 2.63% Boost   Union Bank of India was established on November 11, 1919, with its headquarters in Mumbai. It was promoted by Seth Sitaram Poddar. The bank’s corporate office in Mumbai was inaugurated by Mahatma Gandhi in 1921. In 1969, Union Bank of India was nationalized by the Government of India. On April 1, 2020, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India.   Union Bank of India, a constituent of the Nifty Pharma index, is making headlines with its impressive performance in the stock market. The bank’s stock has been on an upward trajectory for five consecutive sessions, reflecting a robust growth trend. As of 12:44 IST, the stock is trading at Rs 101.5 on the National Stock Exchange (NSE), marking a 2.63% increase on the day. This surge is particularly noteworthy given that the benchmark NIFTY is down by around 0.89%, quoted at 19953.15. Similarly, the Sensex stands at 66961.86, down by 0.94%
Bharat Dynamics’ New Order Worth Rs 290.90 Crore: Game-Changer for the Debt-Free Defense Company

Bharat Dynamics’ New Order Worth Rs 290.90 Crore: Game-Changer for the Debt-Free Defense Company

September 20, 2023 Raj Kumar.G
Bharat Dynamics’ Stock Market Surge: Impact of the Rs 290.90 Crore Order Bharat Dynamics, a prominent player in the defense sector, has recently made a significant stride in the stock market. The company has secured an order worth Rs 290.90 crore, marking a notable milestone in its journey. This article delves into the company’s performance in the stock market, its current position, return details, and the recent order received. A Glimpse into Bharat Dynamics Bharat Dynamics Limited (BDL) is a Miniratna Category-1 Public Sector Undertaking (PSU) under the Ministry of Defence, Government of India. The company specializes in manufacturing guided missiles and allied defense equipment. With a market cap of Rs 19,350.83 Crore, it stands as a midcap defense sector PSU. Performance in the Stock Market Bharat Dynamics has been actively trading in the stock market. On September 14, 2023, the company’s stock price was recorded at Rs 1,065.40. Desp
NBCC (India) Secures with Rs.150 Crore KVIC Contract: A Major Leap in Infrastructure Development

NBCC (India) Secures with Rs.150 Crore KVIC Contract: A Major Leap in Infrastructure Development

September 19, 2023 Raj Kumar.G
NBCC (India) Secures Rs 150 Crore Contract from KVIC: A Leap Towards Progress NBCC (India), a renowned civil engineering construction services provider, has recently made headlines by securing a contract worth Rs.150 crore from the Khadi & Village Industries Commission (KVIC). This contract marks a significant milestone in the company’s journey, further solidifying its position in the industry. A Glimpse into the Contract The contract entails planning, designing, and execution of upcoming works such as construction of office buildings, residential campuses, redevelopment, repair & renovation of KVIC Properties Pan India. This project not only showcases NBCC (India)'s expertise in civil engineering construction services but also its commitment to contributing to the nation’s development. NBCC (India)'s Growth Trajectory Following the announcement of this contract, NBCC (India)'s shares advanced by 1.67% to Rs 59.68, re
NMDC’s Price Adjustment Strategy Leads to a 4.75% Stock Surge

NMDC’s Price Adjustment Strategy Leads to a 4.75% Stock Surge

September 14, 2023 Raj Kumar.G
NMDC’s Strategic Price Revision Boosts Stock by 4.75% NMDC: An Overview NMDC, the National Mineral Development Corporation, is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under the administrative control of the Ministry of Steel. As of December 31, 2022, the Government of India held a significant 60.79% stake in the firm. The company is involved in the exploration of a range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. However, NMDC is primarily known for being India’s single largest iron ore producer. At present, it produces about 35 million tonnes of iron ore from its three fully mechanized mines. Two of these mines are located in Chhattisgarh and one in Karnataka. The Strategic Price Revision On September 14, 2023
Zaggle IPO: Unleashing a Revolution in Spend Management

Zaggle IPO: Unleashing a Revolution in Spend Management

September 13, 2023 Raj Kumar.G
Zaggle IPO: Revolutionizing Spend Management In the dynamic world of finance, one name that has been making headlines recently is Zaggle. Known for its innovative approach to spend management, Zaggle is all set to launch its Initial Public Offering (IPO). This event marks a significant milestone in the company’s journey, and the anticipation surrounding it is palpable. New IPO Alert! Zaggle Prepaid Ocean Services (Zaggle) is now open for subscription. The IPO, priced at Rs 156-164 per share, will close on September 18 A Leader in Spend Management Zaggle has established itself as a leading player in spend management. The company’s success can be attributed to its innovative solutions and commitment to customer satisfaction. As of March 31, 2023, Zaggle has issued over 50 million prepaid cards in partnership with banking partners, serving more than 2.27 million users . These impressive numbers reflect the company’s wide reach and populari
GE Power India’s Strategic Leap: Securing a Rs 25 Crore Order from Vedanta

GE Power India’s Strategic Leap: Securing a Rs 25 Crore Order from Vedanta

September 12, 2023 Raj Kumar.G
GE Power India: A Strategic Leap in Power Infrastructure with Rs 25 Crore Order from Vedanta In the dynamic world of power infrastructure, companies are continually striving to innovate and expand their portfolios. One such company making headlines is GE Power India, a leading player in the sector. The company’s shares have recently seen a significant surge of 4.81%, rallying to Rs 177.65. This substantial increase is attributed to the company’s announcement of securing a purchase order worth Rs 25 crore from Vedanta, a global leader in the production of metals and oil & gas. A Strategic Collaboration The collaboration between GE Power India and Vedanta is strategic and promising. The project involves combustion modification of the boiler, which includes a NOX reduction order at Vedanta’s Lanjigarh CGPP unit (3 x 30 MW). This initiative is a testament to GE Power India’s commitment to providing innovative and efficient solutions in power infrastructure. The contract, va
Waaree Renewables Technology’s New Order for a 52.6 MWp Solar Project

Waaree Renewables Technology’s New Order for a 52.6 MWp Solar Project

September 12, 2023 Raj Kumar.G
Waaree Renewables Technology: A Beacon of Solar Power Waaree Renewables Technology (WRTL), a subsidiary of the esteemed Waaree Group, is making significant strides in the solar power sector. The company recently announced that it has received a letter of intent for engineering, procurement, and construction (EPC) services for a solar power project with a capacity of 52.6 MWp. A New Dawn in Solar Power Generation The project is expected to be completed in the fiscal year 2023-24, marking another milestone in the company’s journey towards sustainable energy solutions. This new venture adds to the impressive portfolio of Waaree Group, which has successfully installed over 10,000 solar projects with a total operating capacity exceeding 600 MW. The 52.6 MWp solar power project is a testament to Waaree’s commitment to harnessing the power of the sun for sustainable energy solutions. The project will involve meticulous planning and execution, f
KEC International: Powering Growth with New Orders Worth Rs 1,012 Crore

KEC International: Powering Growth with New Orders Worth Rs 1,012 Crore

September 12, 2023 Raj Kumar.G
KEC International: A Powerhouse in the Making KEC International, a global leader in power transmission EPC, has recently seen a significant surge in its stock price, rallying 9.47% to Rs 727.35. This comes on the back of the company securing new orders worth Rs 1,012 crore across various businesses. Diversifying Business Portfolio KEC’s civil business has won prestigious orders from new clients in the data centre and FMCG segments in India. These include building a data centre in Western India and setting up a manufacturing facility for a global FMCG major in Southern India. The company’s Transmission & Distribution (T&D) business has also secured orders for T&D projects in India and the Americas. This includes a 765 kV transmission line project in India from an existing private client and supply of towers, hardware, and poles in the Americas. Moreover, KEC’s cable business has secured orders for the supply of various types o
PARJ and Balrampur to Benefit from Nitin Gadkari’s Vision of 20% Ethanol Blending by 2025

PARJ and Balrampur to Benefit from Nitin Gadkari’s Vision of 20% Ethanol Blending by 2025

September 12, 2023 Raj Kumar.G
Positive News for PARJ and Balrampur: Nitin Gadkari Says Will Soon Achieve the Target of 20% Ethanol Blending Ethanol blending is a process of mixing ethanol, a renewable biofuel, with petrol or diesel to reduce the consumption of fossil fuels and the emission of greenhouse gases. Ethanol blending has many benefits for the environment, the economy, and the farmers, as it can reduce pollution, save foreign exchange, and provide additional income for sugarcane growers. India has been promoting ethanol blending for many years, but the progress has been slow due to various challenges such as low availability of ethanol, high cost of production, lack of infrastructure, and policy barriers. However, the government has recently taken several steps to boost ethanol blending and achieve the target of 20% ethanol blending in petrol by 2025 and 15% ethanol blending in diesel by 2030. One of the key drivers of ethanol blending is Union Minister for Road Transport and Highways Nitin Gad