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Safex Chemicals Plans ₹450 Cr IPO to Strengthen Financial Health and Growth
IPO research, Markets - July 7, 2025

Safex Chemicals Plans ₹450 Cr IPO to Strengthen Financial Health and Growth

Safex Chemicals Plans ₹450 Cr IPO to Strengthen Financial Health and Growth

Agrochemical specialist Safex Chemicals prepares for ₹450 crore public issue to strengthen balance sheet, reduce borrowings, and support business expansion.

Safex Chemicals Eyes Capital Markets with ₹450 Crore IPO Plan

Safex Chemicals, a producer in the specialty chemicals space, is preparing to roll out its maiden public share sale, aiming to generate approximately ₹450 crore in capital. The company has formally submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), signaling its intention to go public in the near term.

The IPO consists of a fresh issue of shares worth ₹450 crore alongside an Offer for Sale (OFS) of up to 3,57,34,818 equity shares, allowing existing shareholders to partially offload their holdings. A reserved portion of the offering has also been allocated for eligible employees, ensuring broader participation within the organization.

Offer Structure and Allotment Criteria

The public issue will follow a book-building process, a common approach in IPOs where demand determines the final price. According to the DRHP, the distribution of the offer will follow these norms:

• A maximum of half the offering is earmarked for allocation to qualified institutional investors (QIBs).
• At least 15% will go to non-institutional investors (NIIs)
• At least 35% of the total issue is designated for individual retail participants.

This allocation ensures that a healthy balance of institutional, high-net-worth, and retail investors can take part in the offering, promoting market diversity and liquidity.

Utilization of IPO Proceeds

Safex Chemicals plans to utilize the capital raised from the fresh issue primarily for debt reduction and operational needs. Below is a detailed division of the primary fund utilization segments:

• ₹255.59 crore is earmarked for repayment or prepayment of outstanding borrowings
• An amount of ₹110 crore is planned to be directed toward clearing outstanding borrowings incurred by its subsidiary, Shogun Organics.
• The remaining funds will go toward general corporate expenses, providing financial flexibility for future strategic initiatives

This reallocation of capital is expected to improve the company’s debt-to-equity ratio and free up internal resources for core business growth.

Company Background: Legacy in Agrochemical Innovation

Established in 1991, Safex Chemicals has grown into a well-recognized player within India’s agrochemical and specialty chemicals landscape. The company focuses on delivering solutions in three major verticals:

• Branded formulations
• Specialty chemical products
• Contract development and manufacturing (CDMO)

Its diverse offerings are tailored to the needs of Indian farmers and international agrochemical firms. Safex has steadily built its reputation for delivering innovative and effective chemical solutions that support modern agriculture and crop protection.

Financial Performance: Revenue Growth Amid Bottom-Line Pressure

Despite experiencing net losses in recent years, Safex Chemicals has recorded robust revenue growth, highlighting the strength of its operational model. A quick overview of the company’s latest financial metrics is outlined below:

Revenue Growth (Consolidated):
• FY23: ₹1,161.02 crore
• FY24: ₹1,404.59 crore
• FY25: ₹1,584.78 crore

Net Profit/Loss (Consolidated):
• FY23: ₹(1.02) crore
• FY24: ₹(22.79) crore
• FY25: ₹(14.29) crore

EBITDA and Margins:
• FY23: ₹149.06 crore (EBITDA margin: 12.84%)
• FY24: ₹118.65 crore (EBITDA margin: 8.45%)
• FY25: ₹233.03 crore (EBITDA margin: 14.70%)

These figures suggest that although profitability has faced headwinds, particularly in FY24, the company has rebounded significantly in FY25 in terms of operational efficiency, as reflected by the improved EBITDA margin.

Growth Strategy and Market Outlook

Safex Chemicals’ IPO move comes at a time when India’s agrochemical and specialty chemical industries are poised for long-term expansion, driven by increasing agricultural needs, global export demand, and regulatory tailwinds for domestic manufacturing.

The company’s decision to clear a substantial portion of its debt signals a strategic shift toward financial consolidation and operational scalability. Additionally, Safex’s involvement in contract development and manufacturing (CDMO) opens avenues for B2B partnerships with global players, potentially enhancing revenue diversity and margin resilience.

With IPO proceeds providing a stronger financial foundation, Safex is expected to channel investments into R&D, production enhancements, and market outreach—further solidifying its competitive edge.

Final Thoughts

Safex Chemicals’ planned ₹450 crore IPO marks a pivotal step in its journey from a long-standing private enterprise to a publicly listed player in India’s high-potential chemical industry. The funds raised will primarily help reduce debt burdens and support operational scaling, especially for its subsidiary Shogun Organics.

Despite recent net losses, the company’s revenue momentum and rebound in EBITDA margins demonstrate underlying business strength and operational resilience. With a 30+ year legacy in agrochemical solutions and a growing role in global supply chains, Safex Chemicals is positioning itself for the next phase of growth with greater agility, transparency, and investor participation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Adani Enterprises to Roll Out ₹1,000 Crore NCD Issue with Up to 9.30% Returns

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Adani Group Stocks Rally on SEBI Relief, Investors Watch Pending 22 Orders for Clarity
business update, Markets - July 7, 2025

Adani Enterprises to Roll Out ₹1,000 Crore NCD Issue with Up to 9.30% Returns

Adani Enterprises to Roll Out ₹1,000 Crore NCD Issue with Up to 9.30% Returns

Adani’s upcoming second public NCD issuance kicks off on July 9, featuring eight customizable series, maturities extending up to five years, and investor-friendly options.

Adani Enterprises Launches Second Public NCD Offering

Adani Enterprises Limited (AEL), a core pillar of the Adani Group’s diversified portfolio, is set to roll out its second round of publicly available non-convertible debentures (NCDs). Scheduled to open for subscription on July 9, 2025, and close on July 22, 2025, this debt instrument aims to raise up to ₹1,000 crore, providing investors with secure and attractive fixed-income opportunities.

The issue has a base size of ₹500 crore, and an additional green shoe option of ₹500 crore, allowing the company to retain excess demand and expand the total mobilization to ₹1,000 crore.

Investment Options: Tenure, Yield, and Minimum Application

Each NCD is priced at a face value of ₹1,000, and interested investors must apply for a minimum of 10 debentures, setting the entry amount at ₹10,000. Further investments can be made in multiples of one NCD thereafter, offering flexibility to both retail and high-net-worth individuals.

The offering spans three tenure options—24 months, 36 months, and 60 months—and is available under eight distinct series. These series offer different interest payment schedules including quarterly, annual, and cumulative payout options. Depending on the series chosen, the effective yield ranges from 8.95% to 9.30%, making the offering one of the more attractive debt products currently in the market.

Purpose of Fundraising: Strengthening Financial Health

Adani Enterprises plans to utilize at least 75% of the funds raised to prepay or repay existing loans, which is a strategic step toward reducing debt and improving its credit profile. The remaining 25% of the net proceeds will be directed towards general corporate requirements, allowing the company to support operational needs and drive growth across its business verticals.

By channeling a majority of the capital toward debt reduction, AEL signals its commitment to strengthening its financial structure and maintaining long-term sustainability.

Credit Ratings and Past Performance Boost Investor Confidence

The upcoming NCD issue has received a “AA- Stable” rating from both CARE Ratings and ICRA, indicating a strong capacity for timely debt servicing and low credit risk. These ratings were either upgraded or reaffirmed earlier in 2025, following a consistent improvement in the company’s financial and operational performance.

In September 2024, Adani Enterprises entered the non-convertible debenture space for the first time, securing ₹800 crore through its inaugural issuance. The offering witnessed exceptional demand, reaching full subscription within just the first day of its launch. Furthermore, within just six months, the debentures from the first issue saw capital appreciation, driven by a credit rating upgrade—a rare occurrence in India’s corporate debt market.

Exchange Listing and Liquidity Benefits

The NCDs will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), providing investors with the opportunity to buy or sell the securities in the secondary market. This listing ensures liquidity for those who may wish to exit their investment before maturity, making the product more appealing for investors looking for both fixed returns and market flexibility.

Building the Infrastructure of Tomorrow

Adani Enterprises is actively scaling up its investments in infrastructure sectors of strategic importance, such as airports, data centers, roads, and the green hydrogen ecosystem. The proceeds from the NCD issuance will indirectly support these projects by improving AEL’s debt servicing capacity and freeing up resources for forward-looking investments.

This approach aligns with the group’s broader vision to build future-ready infrastructure that supports India’s growth aspirations while maintaining financial prudence.

Final Thoughts

With its second public issue of NCDs, Adani Enterprises is offering a well-structured, yield-generating opportunity for investors seeking safe and consistent income. The diversified options across interest payment frequencies and tenures, coupled with competitive yields and strong credit ratings, make this offering particularly appealing in the current investment landscape.

Given the overwhelming success of its first NCD issue and continued focus on infrastructure growth, AEL’s new offering is likely to attract significant interest from both retail and institutional investors. As the company aims to reduce debt and maintain financial agility, this issue serves not just as a capital-raising tool but as a strategic move toward long-term sustainability.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BEML Secures $6.23M Export Orders from Russia, Uzbekistan!

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BEML Secures $6.23M Export Orders from Russia, Uzbekistan!
Business, Economy - July 5, 2025

BEML Secures $6.23M Export Orders from Russia, Uzbekistan!

BEML Secures $6.23M Export Orders from Russia, Uzbekistan!

The Indian heavy equipment giant expands its footprint in the resource-rich Russian and CIS regions with fresh orders for robust mining and construction equipment.

Summary:
BEML Limited has secured export orders worth $6.23 million from Russia and Uzbekistan, a move that strengthens its foothold in the challenging but opportunity-rich mining markets of the CIS region. This strategic win underscores BEML’s competitive positioning as a global supplier of durable, high-performance mining machinery.

In a significant boost to India’s engineering and export ambitions, BEML Limited, a leading manufacturer of mining and construction equipment, has secured fresh export orders worth $6.23 million from Russia and Uzbekistan. The orders include the supply of advanced, heavy-duty mining machinery specially designed to withstand the complex and demanding terrains of the Russian Federation and the wider Commonwealth of Independent States (CIS).
The CIS market, comprising resource-rich nations with substantial mineral wealth, has long been a priority for BEML, which specialises in manufacturing equipment for harsh mining environments. The newly secured orders mark a continuation of BEML’s strategy to tap global markets by offering high-quality, cost-effective, and technologically advanced solutions tailored to the needs of large-scale mining operations.
According to industry sources, the orders include a mix of dump trucks, crawler dozers, excavators, and other mining support equipment, which will be deployed in large mineral extraction projects in Russia and Uzbekistan. The company’s equipment is valued for its durability, reliability, and suitability for operations in subzero temperatures and rugged terrains — attributes that are critical for clients in these regions.

Strategic Expansion into Russia and CIS
Russia and Uzbekistan, both endowed with vast reserves of coal, copper, gold, and other strategic minerals, have been actively modernising their mining operations to improve productivity and reduce costs. With these fresh orders, BEML is well-positioned to support this transition while expanding its international customer base.
The CIS mining sector has traditionally depended on equipment from European and North American manufacturers, but geopolitical shifts and changing trade preferences have created opportunities for Indian companies like BEML to step in as reliable partners. This contract, therefore, is not just a commercial achievement but a strategic milestone that could open doors to larger deals in the future.

Building the ‘Make in India’ Brand
BEML’s success in winning these export orders directly supports the Indian government’s “Make in India” initiative, aimed at transforming India into a global manufacturing hub. Through the export of advanced, domestically produced mining equipment, BEML is highlighting India’s engineering capabilities globally, while also generating foreign exchange revenue and contributing to job creation within the country.
The company has consistently invested in modernising its manufacturing facilities, integrating advanced design, production, and testing capabilities to ensure its products meet the most rigorous international standards. Its R&D divisions have played a pivotal role in adapting machines to unique geographies like Siberia and Central Asia, where extremely low temperatures, rugged conditions, and logistical challenges demand ruggedised, specialised equipment.

A Step Toward Diversification
The orders from Russia and Uzbekistan come at an opportune moment, as BEML seeks to diversify its revenue streams beyond the Indian domestic market, where it primarily serves defence, mining, and metro rail sectors. With global mining recovering from the pandemic shock and commodity prices stabilising, demand for high-quality mining machinery is on the rise.
By securing these orders, BEML is not only mitigating risk from over-dependence on the domestic market but also strengthening its brand recognition internationally. The move will likely enhance its competitiveness when bidding for future projects across Central Asia, Africa, and Latin America — regions with similar infrastructure and mining needs.

Future Prospects and Roadmap
Going forward, BEML aims to deepen its engagement with customers in Russia and the CIS region by establishing local service centres, joint ventures for spares supply, and partnerships for technical training. This strategy will help build long-term relationships and ensure equipment uptime in remote and challenging mining sites, where after-sales support is often as critical as product quality itself.
Additionally, BEML is exploring opportunities to supply electric and hybrid mining vehicles to these regions, aligning with the global shift toward greener, more sustainable mining practices. Given its experience in developing advanced metro rolling stock and military vehicles, BEML is well-positioned to transfer those green mobility innovations into the mining sector over time.

Industry Response and Outlook
Industry experts have hailed the announcement as a win-win, bolstering India’s export ambitions while helping resource-rich nations modernise their mining fleets with affordable, world-class machinery. With geopolitical uncertainties disrupting traditional supply chains, countries like Russia and Uzbekistan appear increasingly interested in diversifying their supplier base — a change that may be advantageous for Indian engineering companies prepared to adhere to their quality and performance standards.
BEML’s current order book, coupled with this new $6.23 million export deal, underscores its resilience and adaptability in a rapidly evolving global business environment. By leveraging its manufacturing strengths, technical expertise, and long-standing experience in the mining sector, BEML is well-positioned to consolidate its position as a trusted global partner for sustainable and efficient mining solutions.
As global mining continues to grow in scale and complexity, BEML’s proven ability to deliver reliable, cost-effective, and locally adapted solutions will be a vital differentiator in maintaining its competitive advantage worldwide. This latest success is likely just one step in a larger journey of transformation, innovation, and global collaboration for one of India’s engineering champions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Strategic Investment Fuels Deccan Gold Mines’ Kyrgyzstan Gold Project

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Why gold funds saw a record weekly inflow — and what it signals for Indian investors
business update, Markets - July 5, 2025

Strategic Investment Fuels Deccan Gold Mines’ Kyrgyzstan Gold Project

Strategic Investment Fuels Deccan Gold Mines’ Kyrgyzstan Gold Project

₹30 Crore Loan from Godawari Power & Ispat Empowers Deccan Gold Mines’ Overseas Expansion and Stake Acquisition Plans

Introduction
India’s mining industry is undergoing a significant transformation, with Deccan Gold Mines Limited—one of the country’s leading gold exploration companies—expanding its global presence. The company’s international ambitions have received a fresh impetus through a ₹30 crore loan from Godawari Power & Ispat Ltd, reflecting strong investor confidence in DGML’s long-term strategy and the strategic relevance of its gold project in Kyrgyzstan.

The Strategic Partnership: DGML and GPIL
Background
Deccan Gold Mines Limited has been at the forefront of gold exploration in India and abroad. Its partnership with Godawari Power & Ispat Ltd, a major player in the steel and power sector, has evolved over recent years, with GPIL emerging as a key financial backer for DGML’s ambitious projects.
The Latest Funding Round
On July 3, 2025, DGML finalized an agreement to receive an additional Rs 30 crore in debt funding from GPIL. This brings the total loan amount extended by GPIL to DGML to Rs 80 crore, reflecting a deepening financial relationship and shared commitment to the success of the Altyn Tor Gold Project.
• Loan Tenure: 36 months
• Interest Rate: 12% PA
• Security: DGML has pledged equity shares in its associate firm, Geomysore Services, valued at over ₹66 crore.

The Altyn Tor Gold Project: India’s Gateway to Central Asia
Project Overview
The Altyn Tor Gold Project, located in the Tien Shan district of Naryn Province, Kyrgyzstan, is a cornerstone of DGML’s international strategy. The project is operated by Avelum Partner LLC, a subsidiary of DGML, and is estimated to contain significant gold reserves, positioning it as a high-potential asset in Central Asia.
Recent Developments
• Expansion and Construction: Work is underway to expand the processing plant, with a focus on ramping up activities and completing construction to commence gold production in 2025.
• Resource Potential: The site is believed to hold approximately six tonnes of gold resources, with ongoing geological and mining work to further delineate reserves.
• Operational Readiness: DGML’s workforce in Kyrgyzstan is fully mobilized, and the company is on track to meet its production targets for the year.

Equity Acquisition and Growth Strategy
Strengthening the Portfolio
A portion of the new funding will be used for equity acquisition, specifically to increase DGML’s stake in Geomysore Services (India) Private Limited. This move is expected to consolidate DGML’s position in the Indian gold mining sector while supporting its overseas ambitions.
Broader Investment Commitments
In addition to the GPIL loan, DGML has recently secured other investment commitments, including a Rs 60 crore infusion from a consortium of investors for its key projects in India and Kyrgyzstan. These funds are earmarked for both the Jonnagiri Gold Project in India and the Altyn Tor Gold Project, highlighting DGML’s dual focus on domestic and international growth.

Market and Industry Impact
Investor Sentiment
The announcement of the latest funding round has generated positive buzz in financial markets and among investors. The strategic partnership between DGML and GPIL is seen as a model for collaboration between mining and industrial companies, leveraging financial strength and sector expertise.
Industry Implications
• Boost to Indian Mining: DGML’s success in securing international funding and executing cross-border projects sets a precedent for other Indian mining firms.
• Resource Security: The development of the Altyn Tor Gold Project is expected to enhance India’s access to gold resources, reducing reliance on imports and supporting the country’s economic goals.

Conclusion
The ₹30 crore debt facility extended by Godawari Power & Ispat Ltd represents a pivotal milestone for Deccan Gold Mines Limited. Armed with this solid financial support, DGML is set to fast-track the advancement of its Altyn Tor Gold Project in Kyrgyzstan while also reinforcing its equity position within the Indian market. This strategic move not only cements DGML’s position as a leader in gold exploration but also signals a new era of international expansion for Indian mining companies. As the project advances towards production, the partnership between DGML and GPIL stands as a testament to the power of collaboration and vision in the mining sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Stock Jumps as KP Green Engineering Bags ₹52.31 Crore Orders Across Five Divisions

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Nila Spaces Jumps 10% as Wellness Housing Project Gets RERA Clearance
Equities, Market News - July 5, 2025

Stock Jumps as KP Green Engineering Bags ₹52.31 Crore Orders Across Five Divisions

Stock Jumps as KP Green Engineering Bags ₹52.31 Crore Orders Across Five Divisions

Diversified order wins across solar, transmission, and heavy engineering segments spark investor optimism and underscore the company’s expanding role in India’s green energy drive.

Introduction
The Indian renewable energy sector continues to attract attention with its rapid expansion and innovation. Riding the industry upswing, KP Green Engineering Limited has carved out a strong position for itself. The company’s recent announcement of new orders totaling ₹52.31 crore across five segments has not only reinforced its market leadership but also sparked a notable rally in its stock price. As India accelerates its transition to clean energy, KPGEL’s diversified wins signal both sectoral confidence and the company’s operational agility.

Order Details and Segmental Breakdown
Diverse Portfolio of Wins
KPGEL’s latest orders span a spectrum of critical infrastructure and energy segments, reflecting its ability to cater to varied client needs and industry requirements. New orders totaling ₹52.31 crore cover the following areas:
• Solar Module Mounting Structures: Supplying fixed tilt and tracker-type mounting systems for large-scale solar projects, a core area of KPGEL’s expertise.
• Transmission Towers and Substation Structures: Providing materials and engineering for 220 kV to 400 kV transmission lines, substation equipment, and related hardware, supporting grid expansion and reliability.
• Isolators: Delivering isolator equipment for high-voltage applications, reinforcing the company’s presence in power transmission.
• Railway Crash Barriers: Manufacturing and installing safety barriers for railway infrastructure, contributing to public safety and infrastructure modernization.
• Rooftop Solar Projects: Supplying and installing rooftop solar solutions, supporting decentralized energy generation and sustainability goals.
Entry into Heavy Engineering
A standout aspect of this order cycle is KPGEL’s entry into the heavy engineering segment, marking a strategic diversification. This move positions the company to tap into new markets and respond to the growing demand for industrial-scale engineering solutions.
Market Reaction and Stock Performance
The announcement of these orders has had an immediate and positive impact on KPGEL’s stock. Investors responded enthusiastically, driving the share price higher on the back of expectations for improved revenue visibility and operational growth23. The company’s ability to secure orders from a diverse client base across multiple high-growth sectors is viewed as a testament to its execution capabilities and trusted brand reputation.

Strategic Significance for KP Green Engineering
Strengthening Sectoral Presence
The company’s ability to secure contracts in multiple sectors—including solar, transmission, heavy engineering, and infrastructure—demonstrates its wide-ranging technical proficiency and strategic agility. The company’s growing order book not only enhances its financial outlook but also strengthens its standing as a preferred partner for large-scale, complex projects in India’s green energy and infrastructure ecosystem.
Supporting India’s Clean Energy Goals
By supplying critical components for solar and transmission projects, KPGEL is directly contributing to India’s ambitious renewable energy targets. The company’s work in rooftop solar and railway safety also aligns with national priorities for sustainable urbanization and safer public transport.
Recent Track Record and Growth Trajectory
This latest win builds on a series of significant orders secured by KPGEL in recent months. Earlier in 2025, the company secured deals worth more than ₹756 crore across solar, substations, transmission, and isolator segments. These cumulative wins highlight KPGEL’s consistent growth, operational reliability, and expanding influence in the green engineering space.

Looking Ahead: Execution and Expansion
The company’s focus remains on timely delivery, technological innovation, and expanding its manufacturing capabilities to meet rising demand. Its recent expansion into heavy engineering and pre-engineered building solutions further signals a commitment to diversification and long-term value creation.

Conclusion
KP Green Engineering’s ability to consistently win sizable and diversified orders is a strong indicator of its operational strength and market relevance. The latest ₹52.31 crore order haul, coupled with its entry into new industry segments, has not only energized its stock but also reinforced its reputation as a key enabler of India’s green energy ambitions. As the company continues to execute on its robust order book and pursue new opportunities, it stands well-positioned to capitalize on the next phase of India’s sustainable infrastructure growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Tata Power Renewable Achieves Record Green Energy!

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Renault's Bold Move: JSW Alliance Shifts India's EV Landscape
Automobile News, Autos - July 5, 2025

Renault's Bold Move: JSW Alliance Shifts India's EV Landscape

Renault’s Bold Move: JSW Alliance Shifts India’s EV Landscape

French car manufacturer Renault is considering a new collaboration with JSW Group to rejuvenate its strategy in India, indicating a significant shift in the industry landscape.

Summary:
Renault SA is reportedly in early-stage discussions with India’s JSW Group for a possible joint venture, as its long-standing partnership with Nissan faces uncertainty. The move could reshape India’s EV and automotive sector, with JSW already investing in MG Motor and seeking to expand its electric vehicle portfolio.

Renault SA, one of Europe’s leading automobile manufacturers, is actively exploring new options to strengthen its foothold in the Indian market. Sources within the industry indicate that the French automobile major has initiated initial discussions with the JSW Group, an Indian conglomerate with a diverse portfolio and an expanding presence in the automotive industry, to establish a strategic joint venture. This comes at a time when Renault’s global alliance with Nissan is reportedly under stress, prompting both companies to reevaluate their regional operations, including India.
The timing of this potential collaboration is significant. The Indian automotive sector is undergoing a profound shift, with electric vehicles (EVs) gaining traction thanks to favourable government policies, improving charging infrastructure, and rising consumer interest in sustainable mobility. JSW Group, led by Sajjan Jindal, has already taken strategic steps in this direction by investing in MG Motor India, and is now looking to strengthen its EV portfolio further.
For Renault, a partnership with JSW could serve as a critical pivot. While the Renault-Nissan alliance has operated plants and developed vehicles together in India for over a decade, sources suggest the partnership has lately faced differences over future investment priorities and product roadmaps. If these differences deepen, Renault may require a new partner to continue its ambitions for growth in one of the world’s most promising automotive markets.

Renault’s India Challenge
Renault’s presence in India has seen mixed fortunes over the past decade. Models like the Kwid initially won over cost-sensitive buyers, but recent sales trends have highlighted challenges. The competition has become fiercer, with homegrown brands like Tata Motors and Mahindra, as well as Korean giant Hyundai, aggressively expanding their offerings, especially in the EV segment.
The Renault-Nissan plant in Chennai has been a cornerstone of their India manufacturing, but with strategic disagreements surfacing globally, Renault appears keen on hedging its bets by looking for an additional or alternative partner. The JSW Group, backed by significant financial resources, extensive industrial expertise, and a strong interest in electric vehicles, emerges as a strong contender.

JSW Group’s Automotive Ambitions
JSW Group, traditionally known for its steel and energy businesses, has been making steady moves into the automotive ecosystem. The group recently acquired a stake in MG Motor India and plans to localise EV production to meet India’s growing demand. Given its financial strength, manufacturing know-how, and clear push toward green mobility, a Renault-JSW alliance could potentially create a formidable player in the Indian passenger vehicle market.
If the talks succeed, it is likely the joint venture would focus heavily on EVs, leveraging Renault’s design and engineering expertise alongside JSW’s industrial scale and local market understanding. This aligns with the Indian government’s broader target of having 30% of new car sales come from electric vehicles by 2030.

Implications for Nissan
If Renault moves closer to JSW, Nissan could find itself having to recalibrate its own India strategy. The Renault-Nissan alliance has been a pillar of global automotive cooperation, but recent reports suggest diverging interests, especially around EV investments and platform sharing.
Any significant reshuffle of Renault’s alliances will likely force Nissan to reassess its footprint in India. Nissan’s own EV plans have been relatively slower compared to competitors, and losing Renault as a partner in India could hamper its market relevance unless it finds another collaborator or reinvents its roadmap independently.

Strategic Realignment Ahead
For India’s automotive market, these developments are a sign of more profound industry realignment. Partnerships are increasingly being shaped by electrification, localisation, and sustainability imperatives. A Renault-JSW tie-up could accelerate the pace of EV adoption in India by bringing together global design capabilities and robust local manufacturing.
Additionally, JSW’s existing relationship with MG Motor could open avenues for cross-platform collaboration, shared charging infrastructure, and even joint supplier networks, creating valuable synergies and economies of scale.
For Renault, securing a foothold with a local powerhouse like JSW may offer not just financial security but also a strategic advantage in navigating India’s rapidly evolving auto market, where changes in policy and consumer preferences are growing more quickly than ever.
As negotiations are reportedly at a preliminary stage, industry watchers will be keenly following how the talks progress and whether this marks the beginning of a new chapter in India’s auto industry. If finalised, the partnership could serve as a blueprint for other foreign automakers seeking to future-proof their India business by leveraging local alliances and sustainable growth models.
Only time will tell whether Renault and JSW can align their visions to create a dynamic, future-focused automotive powerhouse. But one thing is clear: India’s auto market is entering a period of unprecedented change, and this potential alliance could be one of its defining moments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Tata Power Renewable Achieves Record Green Energy!

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HFCL Shares Zoom 5% as Firm Secures 1,000 Acres for Defence Facilities
Equities, Market News - July 5, 2025

Tata Power Renewable Achieves Record Green Energy!

Tata Power Renewable Achieves Record Green Energy!

Strategic investments and integrated solar manufacturing drive Tata Power Renewable Energy Limited’s strongest quarterly results yet.

Summary:
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has posted a record-breaking performance in the first quarter of FY26, powered by its strategic growth across the solar energy value chain. The company’s results underline its commitment to India’s clean energy transition and a greener, self-reliant future.

India’s renewable energy sector is witnessing unprecedented momentum, and Tata Power Renewable Energy Limited (TPREL) has emerged as a key driver of this transformational journey. In a landmark announcement, TPREL declared its record-breaking performance in the first quarter of fiscal year 2025–26 (Q1 FY26), reflecting robust execution of its integrated renewable strategy. As a wholly owned subsidiary of The Tata Power Company Limited, TPREL has enhanced its status as one of the nation’s leading and most reliable green energy providers through its dedication to operational excellence and strategic planning.
TPREL’s Q1 FY26 performance is notable for several reasons. The company not only expanded its installed capacity but also advanced its solar cell and module manufacturing capabilities, addressing India’s growing demand for renewable solutions and supporting the government’s “Atmanirbhar Bharat” (self-reliant India) vision. According to official figures, TPREL added significant renewable capacity during the quarter, including new solar and hybrid projects commissioned across multiple states.

Strategic Solar Manufacturing Push
A key factor in TPREL’s growth narrative is its bold investment in the local solar value chain. As global supply chains face challenges and geopolitical uncertainties threaten energy security, TPREL has proactively invested in local solar cell and module manufacturing. This vertical integration approach gives the company a vital competitive edge while boosting India’s domestic solar ecosystem.
In the first quarter of FY26, TPREL enhanced production at its advanced solar module and cell manufacturing plants, reaching unparalleled levels of capacity utilisation. This has helped the company not only meet its captive project needs but also serve the growing external demand for high-efficiency solar modules in India’s rapidly expanding solar market.
By aligning manufacturing with project execution, TPREL has effectively created a resilient green energy supply chain, minimising costs and mitigating risks associated with import dependencies. This action also supports India’s aim to reach 500 GW of renewable energy capacity by 2030, with solar power expected to take a leading role.

Operational Excellence and New Milestones
TPREL’s record-breaking Q1 FY26 was also driven by outstanding operational performance. The company reported historically high plant load factors (PLFs) across its operating wind, solar, and hybrid projects, thanks to advanced predictive maintenance and digital monitoring systems. Moreover, the commissioning of new hybrid renewable projects in Rajasthan, Gujarat, and Karnataka added considerable generation capacity, enhancing grid stability and renewable energy supply for commercial and industrial customers.
A significant highlight of the quarter was the successful synchronisation of a 300 MW solar park in Rajasthan, which is anticipated to produce enough clean energy to power more than 200,000 homes each year. These efforts have led to significant carbon emissions savings, reinforcing Tata Power Renewable’s commitment to environmental sustainability and climate action.

Industry Leadership and Partnerships
The company’s Q1 performance also underscores its growing leadership in forging strategic partnerships. In recent months, TPREL has signed several power purchase agreements (PPAs) with large commercial clients and state utilities, including new contracts with corporate buyers looking to reduce their carbon footprint and comply with sustainability mandates.
Additionally, TPREL is working closely with international technology providers to incorporate the latest solar innovations, such as bifacial modules and battery energy storage systems. This focus on technological advancement positions the company to offer cutting-edge, bankable solutions to its customers, further enhancing investor confidence in the renewables sector.

Vision for the Future
Tata Power Renewable is on an upward trajectory, setting a new standard in Q1 FY26 and showing no indications of slowing down. The company is reportedly planning an ambitious pipeline of over 4 GW in renewable energy projects slated for development over the next 24 months. These include utility-scale solar farms, hybrid renewable projects combining wind and solar, and even floating solar plants in key water bodies across India.
Further, TPREL has expressed its commitment to community upliftment by integrating CSR initiatives with its renewable projects, such as providing local employment, education, and health initiatives in project regions. This integrated approach ensures that the clean energy transition brings equitable social and economic benefits to local communities.
Tata Power Renewable’s performance in Q1 FY26 reinforces its goal of becoming the top renewable energy company in India. By combining technological innovation, strategic investments in manufacturing, and a strong focus on sustainability, the company is well-positioned to power India’s energy transition and become a global green energy powerhouse.
As India continues its journey towards a net-zero future, the role of major players like Tata Power Renewable will be indispensable. Their demonstrated ability to deliver record-breaking growth while contributing to national development goals represents a win-win scenario for the company, its stakeholders, and the planet at large.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector

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Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector
business update, Markets - July 5, 2025

Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector

Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector

Gautam Adani’s conglomerate places a multi-crore bid to acquire Jaiprakash Associates, outpacing rivals and reshaping the landscape of cement and infrastructure in India.

Introduction
In a pivotal moment for India’s corporate and infrastructure landscape, the Adani Group has emerged as the frontrunner in the insolvency-driven sale of Jaiprakash Associates Limited. The conglomerate’s aggressive bid, which ranges from ₹12,500 crore to as high as ₹16,000 crore according to various reports, signals its intent to consolidate its position in the cement and infrastructure sectors. With JAL’s vast portfolio of assets and a debt burden exceeding ₹57,000 crore, the outcome of this process is being closely watched by industry stakeholders, creditors, and investors alike.

The Bidding War: Who’s in the Fray?
The insolvency process for JAL, initiated under the Insolvency and Bankruptcy Code (IBC), has attracted several heavyweight bidders. Alongside Adani, other major contenders include:
• Dalmia Bharat: Reportedly placed a bid of around ₹11,000 crore, with potential adjustments depending on the outcome of ongoing land disputes.
• Vedanta Group: Submitted a bid of approximately ₹13,600 crore, but with conditions linked to the resolution of legal issues.
• Jindal Power and PNC Infratech: Also in the running, with bids ranging from ₹9,500 crore to ₹10,300 crore.
The CoC, comprising major lenders like the State Bank of India, Punjab National Bank, ICICI Bank, and IDBI Bank, is currently evaluating these offers, seeking the best possible recovery for creditors.

What Makes Jaiprakash Associates So Valuable?
JAL’s asset portfolio is both diverse and substantial, spanning:
• Cement Plants: The company operates four key manufacturing units across Uttar Pradesh and Madhya Pradesh, offering a total production capacity of 5.6 million metric tonnes annually, backed by twelve leased limestone quarries.
• Real Estate and Hospitality: Prestigious properties like Jaypee Greens in Greater Noida, Wishtown in Noida, and the Jaypee International Sports City, as well as hotels in Delhi-NCR, Agra, and Mussoorie.
• Strategic Location: Many assets are situated near key infrastructure projects, such as the upcoming Jewar International Airport.
This broad asset base makes JAL an attractive acquisition target for any conglomerate seeking to expand its footprint in cement, infrastructure, and real estate.

The Adani Advantage: Why This Bid Matters
Adani Group’s bid is not just about acquiring distressed assets; it is a calculated move to fortify its position as a dominant player in the cement sector. In recent years, Adani has made significant acquisitions in this space, including Ambuja Cements and ACC. The addition of JAL’s cement assets would further bolstucture, logistics, and energy businesses.
Additionally, Adani’s offer Adani’s market share and production capacity, enabling greater synergies across its infrastrer is said to feature a significant upfront payment exceeding ₹8,000 crore, reflecting both strong financial backing and intent for a prompt settlement. This approach has resonated with several members of the CoC, who are keen to maximize recovery and ensure the long-term viability of JAL’s operations.

Legal and Financial Hurdles
Despite the scale of the offers, the final outcome hinges on several unresolved issues:
• Land Disputes: A significant legal challenge involves nearly 1,000 hectares in Noida’s Sports City, with the Supreme Court’s decision expected to influence the final bid values and structure.
• Creditor Claims: With total claims exceeding ₹57,000 crore, the CoC must balance the interests of multiple stakeholders, including banks and asset reconstruction companies.
• Stock Performance: Amid acquisition talks, JAL’s shares have experienced sharp declines, reflecting market uncertainty and the company’s financial distress7.

What’s Next? The Road to Resolution
The CoC is set to negotiate with all major bidders, potentially inviting revised offers as legal and regulatory clarity emerges. Once a preferred bidder is selected, the resolution plan will require approval from the National Company Law Tribunal (NCLT), marking the final step in the insolvency process.

Conclusion
Adani Group’s takeover attempt of Jaiprakash Associates could reshape the contours of India’s corporate restructuring landscape. If successful, the acquisition will not only reshape the cement and infrastructure sectors but also set a benchmark for future insolvency-driven consolidations. As the process unfolds, all eyes remain on the CoC’s decision and the broader implications for India’s economic revival.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Northward Drive: Ashok Leyland Eyes Bigger Slice of India’s Trucking Market

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Automobile News, Autos - July 4, 2025

Northward Drive: Ashok Leyland Eyes Bigger Slice of India's Trucking Market

Northward Drive: Ashok Leyland Eyes Bigger Slice of India’s Trucking Market

With 50 new touchpoints planned in FY26, Ashok Leyland aims to hit 30% market share in North India’s medium and heavy commercial vehicle segment.

Ashok Leyland Sets Sights on North Indian Expansion

Hinduja Group’s leading commercial vehicle entity, Ashok Leyland, is gearing up for a significant growth drive in Northern India, aiming to elevate its presence in the medium and heavy vehicle category. The company is targeting a 30% market share in the region, up from its current level of nearly 26%, by enhancing service infrastructure and tapping into growing regional demand.

The auto major plans to roll out 50 new touchpoints across North India in FY26, strengthening its network of sales, service, and spare parts outlets. This strategic push reflects Ashok Leyland’s broader mission to balance its regional strengths and capture greater value in India’s most commercially active zones.

Market Share Snapshot Across Regions

Ashok Leyland has built a strong footprint across different parts of the country. In FY25, the company recorded:

• Approximately 26% market share in North India
• Over 40% in South India
• More than 35% in West India
• Close to 24% in East India

With an industry-wide M&HCV volume of around 3.8 lakh units in FY25, Ashok Leyland contributed 1.13 lakh units, giving it a 30% national share. The medium and heavy commercial vehicle category includes models with gross vehicle weights spanning from 7.5 metric tons up to 55 metric tons.

Over the years, the company has significantly grown its nationwide footprint—from 679 outlets in FY21 to 1,051 outlets by FY25—all catering to comprehensive commercial vehicle support services.

Strengthening the Northern Network

Recognizing the strategic importance of North India, Ashok Leyland is doubling down on infrastructure in the region. Company leadership acknowledged that while the South and West regions need to be defended, the North and East present immense growth opportunities.

North India accounts for about 32% of India’s total M&HCV volumes, driven by vibrant industrial activity, new infrastructure developments, and demand from logistics-dependent sectors. Factors such as:

• Growing e-commerce hubs
• Automotive manufacturing clusters
• Large-scale infrastructure projects in states like Uttar Pradesh and Rajasthan
• Rising demand for transport vehicles due to economic expansion

These are contributing to the region’s commercial vehicle boom.
Ashok Leyland’s current 300 touchpoints in the North have already led to a 6.5% increase in market share over the past three years. With 50 new outlets scheduled for launch in FY26, the company is accelerating this upward trajectory.

Every 50 Kilometres: A Workshop in FY27

Ashok Leyland has outlined an ambitious roadmap to establish a service facility at 50-kilometre intervals throughout North India by the end of FY27. This hyper-localized approach to service coverage is aimed at reducing vehicle downtime, enhancing customer satisfaction, and supporting large fleet operations.

The 50 touchpoints planned for FY26 will be implemented gradually throughout the year, with all units becoming fully functional by the fourth quarter. These facilities will focus primarily on supporting trucks and buses in the 7.5 to 55-ton range, catering to both urban and rural routes.

Product Pipeline and Operational Confidence

Ashok Leyland’s growth ambitions are supported by a strong product roadmap. In FY26, the company is preparing to launch several new offerings, including:

• LNG-powered tractor-trailers
• High-horsepower tippers
• CNG buses

These new models are tailored to meet shifting consumer preferences and align with India’s push towards greener transport solutions.

Despite global uncertainties, including concerns over rare earth magnet supplies and Middle East tensions, the company remains confident. It has reported no significant supply chain disruptions, particularly for internal combustion engine (ICE) commercial vehicles, which are less reliant on such critical materials.

Diesel Prices and Operating Costs

On the operational front, Ashok Leyland noted that diesel prices, which are crucial for transport operators, have remained stable in recent years. Despite volatility in global crude markets, domestic fuel rates have not seen major swings, providing a level of predictability for commercial fleet operators.

The company also confirmed that geopolitical developments like the Iran-Israel conflict have had no direct impact on industry performance or supply chains so far.

Final Thoughts

Ashok Leyland’s renewed push into North India’s M&HCV market marks a bold step toward balancing its regional presence and capturing a larger slice of the country’s most dynamic commercial corridor. With a focus on expanding infrastructure, launching new products, and delivering high-touch after-sales service, the company aims to climb from a 26% to a 30% market share in the North over the next few years.

As India’s logistics and infrastructure sectors continue to thrive, Ashok Leyland’s proactive strategy and consistent execution could significantly elevate its market standing nationwide.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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TCS Allocates ₹4,500 Crore for Realty Expansion!

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business update, Market News, Real Estate - July 4, 2025

TCS Allocates ₹4,500 Crore for Realty Expansion!

TCS Allocates ₹4,500 Crore for Realty Expansion!

TCS Allocates ₹4,500 Crore for Realty Expansion!

Tata Consultancy Services, India’s biggest IT services company, is set to invest more than ₹4,500 crore to expand its real estate presence in key cities across the country. This move highlights the firm’s confidence in India’s workforce, its digital future, and overall economic stability.

Summary:
Tata Consultancy Services (TCS) plans to invest over ₹4,500 crore to broaden its infrastructure presence throughout India. This initiative involves the creation of new campuses and contemporary office spaces in cities such as Bengaluru, Kolkata, and Kochi. This strategic initiative is aimed at accommodating the company’s growing workforce and reinforcing its long-term commitment to India as a global IT hub. The massive investment also signals strong business optimism following the company’s consistent financial performance and future-ready digital transformation agenda.

In a decisive and strategic effort to strengthen its long-term position in India, Tata Consultancy Services (TCS), the largest IT services exporter in the country, is initiating a real estate expansion initiative valued at over ₹4,500 crore. The plan includes the development of new campuses and enhancement of existing facilities in Bengaluru, Kolkata, Kochi, and several other tech hubs.
This large-scale infrastructure push aligns with TCS’s vision to support its expanding workforce, meet future delivery demands, and sustain long-term growth amid the increasing global focus on digital transformation. TCS’s continued investments in physical infrastructure underscore its confidence in India’s IT talent base, robust delivery capability, and the hybrid work culture emerging post-pandemic.

Cities Leading TCS’s Expansion Efforts
TCS’s infrastructure expansion will be spread across key Indian cities that are already established or emerging as IT powerhouses:
Bengaluru: Known as the Silicon Valley of India, Bengaluru will receive a significant share of the investment. TCS plans to develop a sprawling new campus to accommodate thousands of tech professionals, complementing its existing offices in Whitefield and Electronic City.
Kolkata: TCS is enhancing its footprint in the city by expanding its campus in New Town, Rajarhat. This location is crucial for the company’s operations in the eastern region and is anticipated to evolve into an essential centre for upcoming projects, particularly in digital and cloud technologies.
Kochi: In Kerala’s tech capital, TCS is investing in a larger, state-of-the-art delivery centre. The company is betting on the growing tech ecosystem in southern India, where it can tap into a steady stream of highly skilled graduates.
Other cities like Pune, Hyderabad, Bhubaneswar, and Chennai may also see enhancements as TCS aims to make its facilities more modern, collaborative, and future-ready.

A Vision Aligned with Headcount Growth and Digital Demand
TCS has more than 600,000 employees, positioning it as one of the largest private-sector employers globally. This realty expansion is a proactive step to accommodate future talent inflows, particularly as the company doubles down on digital, AI, cloud, and cybersecurity services.
In recent quarters, TCS has seen steady deal wins, healthy margins, and a positive revenue outlook—factors that are further fueling the need for scaled-up delivery capacity. Industry insiders suggest the expansion also reflects a strategic realignment toward Tier-2 and Tier-3 cities, allowing TCS to tap into untapped talent pools while maintaining cost efficiency.
Speaking about the investment, a TCS executive commented, “This infrastructure development is not just about creating office space—it’s about enabling smarter, greener, and more agile workplaces that are aligned with the needs of the next-gen workforce.”

Post-Pandemic Workspace Transformation
TCS has embraced a hybrid working model under its “25×25 vision,” which aims to have no more than 25% of its employees working from office premises at any given point in time by 2025. However, this doesn’t translate into reducing office space but rather repurposing it for collaboration, innovation, and learning.
The new facilities being developed as part of this ₹4,500 crore investment will focus on:
Energy efficiency and sustainability
Flexible workspaces for hybrid models
Advanced digital infrastructure for seamless connectivity
On-campus amenities like skilling centres, recreation zones, and R&D labs
This move is in sync with TCS’s belief that physical infrastructure still plays a critical role in fostering employee engagement, onboarding new hires, and building strong team dynamics.

Strategic Significance and Industry Implications
This expansion is a strong signal of stability and growth at a time when global tech giants are being more cautious in real estate investments. It also sends a message to international clients that India remains a resilient and scalable delivery centre for digital transformation projects.
Moreover, TCS’s investment could trigger a positive domino effect in India’s real estate and construction sectors, especially in the commercial segment. With increasing demand from large IT firms, developers are expected to fast-track infrastructure projects, potentially generating employment and regional development.
In the context of India’s ambitions to become a global digital powerhouse, TCS’s infrastructure strategy aligns well with the government’s focus on Digital India, Make in India, and skill development. It reaffirms India’s role not just as a service provider but also as a strategic innovation partner to global enterprises.

Conclusion: Building the Future of Work
TCS’s ₹4,500 crore realty expansion plan marks a significant milestone in the evolution of Indian IT infrastructure. At a time when remote work is prevalent, TCS is taking a balanced approach by investing in intelligent, flexible, and sustainable workplaces that enhance both employee experience and business efficiency.
As digital transformation accelerates globally, TCS is positioning itself for the long haul—with a more substantial footprint, sharper delivery capability, and deep-rooted confidence in India’s talent ecosystem.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Aditya Birla Group: Billion-Dollar Fashion Ambition!

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