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Aurionpro Shares Climb After ₹30 Crore Digital Infrastructure Contract Win

Aurionpro Shares Climb After ₹30 Crore Digital Infrastructure Contract Win

Aurionpro Solutions secures a ₹30 crore contract from Protean eGov Technologies, driving stock gains and reinforcing its dominance in digital transformation solutions.

Aurionpro Wins Major Order, Boosts Investor Confidence

Aurionpro Solutions’ stock climbed close to 3% on Thursday after the company unveiled a significant new project acquisition. The firm revealed that it had secured a significant order valued at approximately ₹30 crore from Protean eGov Technologies Ltd, a prominent digital services provider.

The contract is set to strengthen Aurionpro’s foothold in India’s rapidly advancing digital ecosystem, particularly in government-driven tech modernization efforts. This announcement added to growing investor optimism surrounding the company’s consistent project wins and robust fundamentals.

Deal Details: Supporting National Technology Transformation

Aurionpro confirmed that the awarded contract is focused on establishing a state-of-the-art IT infrastructure platform. This system will support Protean’s next-generation digital services, contributing to more efficient delivery of e-governance and citizen-centric solutions across India.

The project encompasses comprehensive system integration, cutting-edge cybersecurity measures, and robust infrastructure management services. Aurionpro plans to deploy advanced technologies to build a streamlined platform designed to efficiently handle today’s large-scale digital requirements.
This initiative aligns with India’s broader Digital India mission, which seeks to empower governance through efficient, accessible, and transparent digital platforms.

Aurionpro’s Growing Momentum in the Public Sector

Aurionpro has increasingly positioned itself as a preferred technology partner for large-scale public and private sector digital initiatives. Its reputation for delivering secure, scalable, and reliable IT infrastructure solutions has paved the way for long-term partnerships.

The Protean contract further expands Aurionpro’s expanding lineup of large-scale, high-impact technology initiatives. Recent contract wins across multiple verticals — including banking, smart cities, and government platforms — reflect its capability to deliver end-to-end digital solutions that cater to complex requirements.
Notably, this order comes at a time when both public and private entities are aggressively investing in secure digital systems due to heightened cybersecurity concerns and a push for digital transformation.

Market Reaction: Strong Fundamentals Drive Stock Gains

Following the announcement, Aurionpro’s stock rose as much as 3%, reflecting the market’s positive reception of the order. As of the last trading session, shares were priced at ₹950.90 apiece on the NSE, registering a gain of ₹24.65.

Over the past year, the stock has delivered stellar returns of more than 160%, underlining strong investor faith in the company’s strategic direction. Aurionpro’s consistent financial performance, backed by strong order inflows and profit growth, has solidified its standing as a fundamentally strong mid-cap IT player.
Analysts attribute the recent rally not just to this particular order but to the company’s broader growth trajectory, robust execution capabilities, and long-term focus on scalable technology solutions.

Strategic Focus on Infrastructure and Cybersecurity

This order underlines a critical area of focus for Aurionpro — IT infrastructure development combined with enhanced cybersecurity. With rising concerns about data privacy and security breaches, public and private enterprises are doubling down on cyber-resilient platforms.

Aurionpro’s expertise in integrating secure solutions within complex digital ecosystems makes it well-positioned to benefit from this shift. The company’s proactive approach in aligning with global technology standards and incorporating artificial intelligence (AI), cloud computing, and secure networks has further enhanced its market appeal.

Looking Ahead: Pipeline Visibility and Expansion Plans

Aurionpro’s current project pipeline is robust, with a steady stream of orders across various sectors including BFSI, smart mobility, and digital governance.
The management’s recent focus on expanding its global footprint — particularly in Southeast Asia and the Middle East — has opened new revenue streams. Simultaneously, partnerships with government agencies and tech platforms have fueled domestic growth.

The ₹30 crore contract from Protean is not just a revenue boost but also a testament to the company’s ability to consistently win high-value deals in a competitive market. It validates Aurionpro’s project execution standards, reliability, and value-driven offerings.

Final Thoughts

Aurionpro Solutions’ recent ₹30 crore deal with Protean eGov Technologies represents a significant step forward in its ongoing digital infrastructure expansion. This development further cements its reputation as a reliable tech partner in India’s ongoing digital transformation drive.
The market’s swift and positive response to this announcement underscores investor confidence in the company’s strong fundamentals, growth visibility, and execution capabilities.

As demand for digitally integrated and cyber-secure infrastructure continues to surge, Aurionpro is well-placed to capture a significant share of this opportunity, both in India and globally. With a robust order book and expanding client base, the company remains on a promising upward trajectory.

 

 

 

 

 

 

 

 

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IREDA Bonds Gain Tax Benefits to Promote Green Energy

IREDA Bonds Gain Tax Benefits to Promote Green Energy

IREDA Bonds Gain Tax Benefits to Promote Green Energy

IREDA Bonds Gain Tax Benefits to Promote Green Energy

In a significant move to promote clean energy financing, the Government of India grants Section 54EC tax exemption status to IREDA bonds, enabling investors to save up to ₹50 lakh on capital gains while supporting India’s renewable energy ambitions.

Summary:
The Indian government has conferred tax-saving status under Section 54EC of the Income Tax Act to bonds issued by the Indian Renewable Energy Development Agency (IREDA). This strategic move allows investors to claim capital gains tax exemption of up to ₹50 lakh by investing in IREDA bonds, making them a cost-effective and attractive instrument for green energy financing. The measure is expected to help IREDA raise low-cost capital to support renewable energy projects across India and aligns with the country’s mission to achieve 500 GW of non-fossil fuel capacity by 2030.

IREDA Bonds Gain Section 54EC Status, Bringing Green Investments to the Fore
In a major policy decision aimed at accelerating India’s energy transition, the Government of India has granted Section 54EC tax exemption status to bonds issued by the Indian Renewable Energy Development Agency (IREDA). This move puts IREDA in the same league as REC, NHAI, and PFC, whose bonds have long been eligible for capital gains tax exemptions.
By extending 54EC status to IREDA bonds, the government not only provides investors a powerful tax-saving tool but also channels substantial funds into green infrastructure and renewable energy projects, a key component of India’s net-zero ambition.

What is Section 54EC?
Under Section 54EC of the Income Tax Act, individuals and Hindu Undivided Families (HUFs) who have earned long-term capital gains (usually from selling property or land) can invest up to ₹50 lakh in specified bonds within six months of the transfer date and claim exemption from paying tax on those gains.
Until now, this benefit was limited to bonds issued by:
Rural Electrification Corporation (REC)
National Highways Authority of India (NHAI)
Power Finance Corporation (PFC)
Indian Railway Finance Corporation (IRFC)
Now, IREDA joins this exclusive club, allowing its bonds to be exempt from long-term capital gains tax, provided the investor meets the holding period of five years.

How Does This Benefit Investors?
For individual investors looking to park capital gains safely while avoiding taxes, IREDA bonds now offer a double advantage:
Tax Savings: Capital gains up to ₹50 lakh can be exempted from tax if invested in IREDA bonds.
Stable Returns: Like other 54EC bonds, IREDA’s bonds are expected to offer fixed returns of around 5.25%–5.75% per annum, backed by a government enterprise.
With capital markets being volatile and real estate often illiquid, these bonds present a low-risk, tax-efficient alternative for preserving wealth while contributing to a cleaner future.

Boosting IREDA’s Low-Cost Capital Pool
The inclusion under 54EC is not just a win for investors—it’s a game-changer for IREDA’s funding structure. IREDA, functioning as a non-banking financial company (NBFC) and operating under the Ministry of New and Renewable Energy (MNRE), is instrumental in providing financial support for renewable energy initiatives like solar parks, wind farms, biomass projects, hydroelectric systems, and energy storage solutions.
With 54EC status:
IREDA can now attract long-term retail investors.
It can raise cheaper capital for onward lending.
It helps reduce dependency on external commercial borrowings or more expensive institutional funds.
It creates a retail channel of green financing, boosting financial inclusion in climate-positive investments.

Strategic Timing: Supporting India’s Green Growth Targets
The decision comes at a critical juncture when India is aggressively pursuing its climate and energy goals. Under the Nationally Determined Contributions (NDCs) and its pledge at COP26, India has committed to:
Reach a capacity of 500 GW from non-fossil fuel sources by 2030
Meet 50% of energy requirements from renewables
Reduce the emissions intensity of GDP by 45% from 2005 levels
To realize this vision, massive investments—estimated at $200 billion or more—are needed across the renewable energy spectrum. Enabling IREDA to access low-cost, long-duration capital from domestic investors is a strategic step in this direction.

IREDA’s Growth and Future Plans
IREDA has been actively expanding its reach and portfolio in recent years:
In FY24, it sanctioned more than ₹37,000 crore in loans and disbursed over ₹25,000 crore, a record in its history.
It was listed on the stock exchanges via a successful IPO in 2023, which was oversubscribed 38 times.
The company is now looking to expand financing to emerging sectors like green hydrogen, EV charging infrastructure, and offshore wind.
With the added 54EC status, IREDA can now scale faster, support more projects, and lower its average cost of funds—all of which translate to cheaper renewable power for developers and ultimately for consumers.

Expert Reactions
Pradip Kumar Das, Chairman & Managing Director of IREDA, welcomed the development:
“This is a watershed moment for IREDA. Inclusion under Section 54EC will significantly boost our fundraising capabilities and contribute meaningfully to India’s clean energy revolution. It aligns perfectly with our mission of enabling India’s green economy.”
Market analysts also believe this move could lead to a revival in retail investor interest in tax-saving infrastructure bonds, which had declined in recent years due to falling yields.

Investor Guidelines for IREDA 54EC Bonds
Maximum Investment: ₹50 lakh per financial year
Lock-in Period: 5 years (no premature redemption allowed)
Interest Rate: Expected in the 5.25%–5.75% range (final rates may vary)
Interest earned is completely subject to taxation
Availability: Likely to be available via designated branches, online platforms, and brokers

Conclusion
The government’s move to grant Section 54EC status to IREDA bonds is more than just a tax break—it is a strategic policy lever to steer private capital toward climate-conscious investments. By giving investors a tax-incentivized channel to support clean energy, India is laying a foundation for inclusive and sustainable development. For IREDA, this marks a new phase in becoming the financial backbone of India’s green energy transition.

 

 

 

 

 

 

 

 

 

 

 

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TCS Q1 FY26: Profit Up 4.4%, Declares ₹11 Dividend

Indian Oil Enhances Panipat Refinery for Aviation Fuel

Indian Oil Enhances Panipat Refinery for Aviation Fuel

Indian Oil Enhances Panipat Refinery for Aviation Fuel

In a significant move towards achieving net-zero goals, Indian Oil Corporation plans to upgrade its diesel desulphuriser unit at the Panipat refinery. This upgrade aims to generate 30,000 metric tons of sustainable aviation fuel (SAF) each year from recycled cooking oil, alongside inviting proposals for SAF and green hydrogen initiatives.

Summary:
Indian Oil Corporation (IOC) is temporarily shutting down its Panipat refinery’s diesel desulphuriser unit to upgrade it for producing 30,000 metric tonnes of Sustainable Aviation Fuel (SAF) from used cooking oil. This move supports India’s clean energy goals and the aviation industry’s push for carbon-neutral flying. IOC will also invite tenders for a green hydrogen plant and additional SAF capacity at the site.

Indian Oil’s Green Turn: Retrofitting for the Future
Indian Oil Corporation Ltd. (IOCL), the leading energy company in the country, is making significant strides to reduce carbon emissions in India’s aviation industry. The firm has revealed that it will temporarily close its diesel desulphuriser unit at the Panipat refinery in Haryana for a comprehensive upgrade, which is intended to initiate the production of Sustainable Aviation Fuel (SAF).
The Panipat refinery, with a capacity of 300,000 bpd, is a vital asset for IOCL and will play a significant role in India’s emerging SAF landscape following its upgrade.

Why Sustainable Aviation Fuel?
Sustainable Aviation Fuel (SAF) is a biofuel that has a chemical composition resembling traditional jet fuel, but it offers a much smaller carbon footprint. The production of SAF from non-fossil sources like used cooking oil, municipal waste, or agricultural residues can reduce lifecycle greenhouse gas emissions by up to 80% compared to conventional fossil jet fuel.
According to global studies and IATA guidelines, adopting Sustainable Aviation Fuel (SAF) is key to achieving net-zero aviation emissions by 2050. India’s rapidly growing civil aviation sector is ideal for large-scale SAF integration.

The Panipat Transformation: Transitioning from Diesel to Eco-Friendly Jet Fuel
According to Indian Oil officials, the retrofitting of the diesel desulphuriser unit will allow the facility to produce 30,000 metric tonnes of SAF annually. This SAF will be derived from Used Cooking Oil (UCO), a waste material abundant in urban households and restaurants.
This aligns with the government’s broader push under the National Bio-Energy Programme and waste-to-energy initiatives. Indian Oil had earlier piloted a used cooking oil collection initiative in several cities, which now finds a downstream application in SAF production.
The temporary shutdown will enable Indian Oil to install advanced equipment for producing sustainable aviation fuel (SAF) using Hydroprocessed Esters and Fatty Acids (HEFA) technology from used cooking oil.

Green Hydrogen and SAF Bids to Be Invited
Beyond upgrading the current unit, IOCL is taking the green transition further by inviting tenders for two major projects:
A Green Hydrogen Plant – in line with India’s National Green Hydrogen Mission, this plant will produce hydrogen via electrolysis powered by renewable energy. This clean hydrogen can be integrated into various refinery processes or offered as fuel for heavy transport.
A Full-Scale SAF Production Facility – in addition to the retrofit, IOCL is eyeing a standalone SAF production unit at Panipat, which will likely be much larger in capacity and may explore feedstocks beyond UCO, such as agricultural waste or algae-based oils.
These projects are expected to attract domestic and international clean energy investors and technology providers. Indian Oil is expected to call for global bids before the end of this quarter.

Strategic and Environmental Impact
This shift by IOCL marks a critical juncture in India’s energy transition. While refining remains core to Indian Oil’s operations, the company is actively diversifying into renewable energy, biofuels, EV infrastructure, and now green hydrogen and SAF.
Key Implications:
Decarbonization of Aviation: The project will directly contribute to lowering the carbon footprint of Indian airlines, especially for international routes, seeking to meet global sustainability compliance.
Circular Economy Boost: By sourcing UCO from households and restaurants, the project encourages sustainable waste management and additional income streams for small-scale collectors.
Employment and Innovation: The SAF and green hydrogen projects are expected to generate high-skilled jobs and drive technology innovation in bio-refining.

Alignment with Government and Global Goals
This initiative is in harmony with several government missions and international agreements:
National Green Hydrogen Mission – launched with an initial outlay of ₹19,744 crore, aiming to make India a global hub for green hydrogen.
SATAT Scheme (Sustainable Alternative Towards Affordable Transportation) – supporting bio-CNG and other clean fuel alternatives.
India’s COP26 commitment is to reach net zero by 2070 with interim targets by 2030.
It also places Indian Oil in alignment with the International Civil Aviation Organisation (ICAO) and IATA recommendations for blending SAF into commercial aviation fuel supplies.

Industry Outlook: A Growing SAF Market
Globally, the SAF market is projected to grow from around $1.1 billion in 2022 to over $10 billion by 2030, fueled by tightening emissions regulations, rising jet fuel prices, and increased airline commitments to net-zero goals.
In India, the SAF sector is still in its infancy. Indian Oil’s Panipat initiative can act as a springboard, encouraging other oil majors like BPCL and HPCL to follow suit. Private sector refineries and global clean energy players may also enter the fray, either independently or through PPP models.

Conclusion
Indian Oil Corporation’s decision to repurpose and upgrade a core refinery unit for SAF production is more than just a technical enhancement—it signals a strategic realignment with India’s and the world’s clean energy future. By utilising waste like used cooking oil to power aircraft, and pairing that with green hydrogen infrastructure, IOCL is not only safeguarding its business future but is actively shaping the country’s energy narrative.
This transformation from black gold to green fuel demonstrates the evolving role of oil companies in a carbon-conscious world and marks a defining milestone for India’s energy transition journey.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Corporate Bond Issuances Set to Hit ₹11 Trillion in FY26 Amid Falling Rates and Delayed Bank Transmission

MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!

MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!

MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!

MRF, India’s priciest stock, rose by 4% to reach ₹1,50,981; it has increased by 33% over the past three months and nearly 50% in the last two years.

Summary:
MRF shares jumped by 4% on Tuesday, surpassing the ₹1.5 lakh milestone once again and reaching a new 52-week high of ₹1,50,981. The surge has been driven by robust buying interest, better financial performance, and favorable technical indicators. With a 33% gain over the last three months and a 50% return over two years, MRF continues to dominate as India’s highest-priced stock.

MRF Hits ₹1.5 Lakh Once Again: A Symbol of Premium Valuation and Investor Confidence
In a stellar display of strength, MRF Ltd (Madras Rubber Factory) — India’s most expensive stock by price — crossed the coveted ₹1.5 lakh mark once again on Tuesday, marking a new 52-week high of ₹1,50,981 per share. This sharp 4% intraday surge is a reflection of renewed investor confidence in the company’s performance, robust demand in the auto and replacement tyre market, and positive technical indicators supporting the ongoing rally.
The stock’s recent momentum has left market watchers impressed as MRF has delivered over 33% returns in the past three months alone, and nearly 50% over the last two years, establishing itself as a reliable source of wealth generation in the Indian equity market.

India’s Most Expensive Stock by Price
MRF has always held a unique place in the Indian stock market for being the highest-priced share on the bourses. Despite the absence of a stock split or bonus issue, the company’s consistent performance, brand strength, and premium positioning have ensured steady price appreciation over the decades.
While price alone doesn’t determine the valuation or value of a company, MRF’s share price has become symbolic of investor loyalty and market stature. It continues to attract attention from institutional and retail investors alike, despite the high nominal price tag.

What’s Driving the Rally?
1. Strong Financial Performance:
MRF reported healthy numbers in its recent quarterly results. Despite margin pressures faced by the industry, the company showed resilience by optimising costs and capitalising on rising demand from the commercial vehicle and passenger car segments.
2. Auto Sector Recovery:
The Indian automobile sector has been witnessing a sustained recovery post-COVID, supported by strong rural demand, easing chip shortages, and rising preference for personal mobility. This has directly benefited tyre manufacturers like MRF that supply to OEMs (Original Equipment Manufacturers) and also operate in the aftermarket space.
3. Rising Replacement Demand:
With an increasing number of vehicles on Indian roads and improved road infrastructure, the replacement cycle for tyres has shortened, pushing demand higher for quality brands like MRF.
4. Technical Breakout:
From a technical standpoint, MRF broke past key resistance levels on high volumes. Technical analysts observed a strong bullish momentum, supported by positive indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

Performance Snapshot:
Time Frame Price Gain
1 Day- +4%
1 Month- +12%
3 Months- +33%
1 Year- +41%
2 Years- +49.7%
The recent price action reflects the long-term compounding strength of the stock, despite its steep per-share price, and further reinforces the trend of investing in industry leaders with strong fundamentals.

Key Investor Considerations
MRF’s consistent performance and premium pricing come with a set of unique considerations:
Pros:
Dominant Market Share: Among the top tyre manufacturers in India, with a wide OEM and replacement network.
Brand Strength: Recognised as a durable and trusted name in tyres for decades.
Strong Balance Sheet: Minimal debt and solid cash flows make MRF financially resilient.
Rising Exports: MRF’s presence in international markets is gradually growing, adding to revenue diversification.
Risks:
High Raw Material Costs: Rubber and crude derivatives can be volatile, affecting margins.
Competitive Pressure: Growing competition from domestic and international tyre brands.
No Stock Splits or Bonuses: While the price remains premium, the lack of splits may limit liquidity or discourage small investors.

Investor Sentiment Remains Positive
Brokerages remain optimistic about MRF’s long-term story. According to a recent analyst report by a leading domestic brokerage, “MRF is well-positioned to benefit from the ongoing recovery in the auto sector, while its focus on premium tyres and efficient capital management should keep it ahead of the curve.”
Additionally, long-term investors who value low volatility, brand legacy, and steady growth continue to hold MRF as a blue-chip defensive stock in their portfolios.

What Lies Ahead?
With the festive season approaching and the rural economy showing early signs of recovery, the auto and tyre demand is expected to remain buoyant. For MRF, this could translate into stronger quarterly earnings and further upside in share prices.
However, macroeconomic cues like interest rate changes, input cost inflation, and currency fluctuations should be monitored closely, especially for export-heavy segments.

Conclusion:
MRF’s remarkable journey continues to awe market participants as it touches another milestone. The stock crossing ₹1.5 lakh again is more than just a price event — it reflects investor confidence in a fundamentally strong, brand-driven business with a proven legacy. For those seeking long-term compounding stories, MRF remains a stellar example of steady and sustainable growth in Indian equities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Investor Frenzy: Chemkart, Smarten IPOs 5x Oversubscribed!

LG Electronics’ India unit IPO: valuation, strategy and sector implications

Investor Frenzy: Chemkart, Smarten IPOs 5x Oversubscribed!

Investor Frenzy: Chemkart, Smarten IPOs 5x Oversubscribed!

High demand in the SME sector drives the Chemkart and Smarten Power IPOs, with allotments anticipated by July 10 and listings scheduled for July 14.

Summary:
The initial public offerings (IPOs) of Chemkart India and Smarten Power Systems have seen robust investor participation, each getting subscribed over five times their offer size. Allotment for both issues will be finalised by July 10, with shares set to debut on the BSE SME and NSE Emerge platforms on July 14.

IPO Boom in SME Space: Chemkart India and Smarten Power Systems Shine
The small and medium enterprise (SME) IPO space in India continues to witness strong traction as two recent public issues—Chemkart India and Smarten Power Systems—have both recorded over 5x subscription, signalling elevated investor enthusiasm for promising growth stories in niche sectors.
The subscription window for both IPOs closed recently, and investors are now eagerly awaiting the allotment status, which will be finalised by July 10, 2025. Chemkart India Ltd’s shares are set to be listed on the BSE SME platform, while Smarten Power Systems Ltd will make its debut on the NSE Emerge platform on July 14, 2025.

Chemkart India IPO: Interest Generated by Speciality Chemicals and API Focus
Company Overview:
Chemkart India is a rapidly growing chemical distribution company catering to the Active Pharmaceutical Ingredients (API) and speciality chemicals segment. With a wide customer base and strong supplier partnerships, the company provides critical raw materials for industries ranging from pharmaceuticals to agrochemicals and paints.
IPO Details:
Issue Size: ₹27.04 crore
Price Band: ₹99–₹105 per share
Lot Size: 1,200 shares
Use of Proceeds: Working capital requirements, general corporate purposes, and expansion of warehousing infrastructure.
Investor Response:
The Chemkart IPO was subscribed more than 5.3 times, driven largely by retail investors and HNIs, who accounted for the lion’s share of the bids. The company’s scalable business model, strong financials, and projected revenue growth made it attractive for investors betting on India’s booming chemical and pharmaceutical sectors.

Smarten Power Systems IPO: Riding the Clean Energy Wave
Company Overview:
Smarten Power Systems is a manufacturer of renewable energy products such as solar inverters, batteries, and power backup solutions. The company has witnessed rapid growth amid rising demand for energy-efficient and eco-friendly power solutions, particularly in rural and semi-urban India.
IPO Details:
Issue Size: ₹38.5 crore
Price Band: ₹96–₹102 per share
Lot Size: 1,200 shares
Use of Proceeds: Capital expenditure, R&D, marketing initiatives, and working capital.
Investor Response:
Smarten Power’s IPO was subscribed over 5.7 times, with significant traction from institutional investors betting on the green energy transition. The company’s strong product portfolio, growing distribution network, and alignment with government solar initiatives contributed to the robust response.

What Happens Next: Allotment & Listing Timeline
For both Chemkart and Smarten Power IPOs, the share allotment status is scheduled to be finalised by July 10, 2025. Refunds for shares that were not allotted will be processed by July 11, and the credit for allotted shares in the demat account is anticipated by July 13.
Listing Date for Both IPOs: July 14, 2025
Chemkart India: To be listed on BSE SME
Smarten Power Systems: To be listed on NSE Emerge
Investors should verify the allotment status on the official registrar websites or stock exchange portals.

Market Outlook: Why SME IPOs Are Gaining Traction
The SME IPO sector in India has experienced a revival in investor interest over the last two years. This is fueled by:
Improved financial disclosure norms
High-growth potential of niche companies
Reduced entry barriers for retail investors
Attractive valuations compared to mainboard IPOs
Chemkart and Smarten Power’s oversubscription reaffirms the sentiment that quality SMEs with solid fundamentals and strong growth narratives are capable of delivering multibagger returns post-listing.

Analyst Take:
Market analysts are optimistic about the listing performance of both companies. Given the high demand and investor interest, a robust opening is expected.
“Both companies operate in sectors aligned with structural growth trends—pharma for Chemkart and clean energy for Smarten Power. Post-listing performance will depend on their earnings trajectory and execution capabilities,” said Radhika Seth, a senior equity strategist at an investment firm.

Risks to Watch:
While investor interest is high, experts caution that SME stocks are generally less liquid and more volatile than mainboard stocks. Hence, long-term fundamentals and governance should remain the key drivers of investment decisions.

Conclusion:
The enthusiastic response to Chemkart India and Smarten Power Systems’ IPOs marks yet another successful chapter in India’s growing SME capital market story. With strong fundamentals, favourable sector outlooks, and investor optimism, these companies are poised to attract attention post-listing. However, investors should temper short-term listing expectations with long-term business performance and scalability.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Rupee Plummets Amid FII Outflows, Trade Concerns

Kalyan Jewellers’ Q1 Revenue Shines, but Share Price Dips

Kalyan Jewellers’ Q1 Revenue Shines, but Share Price Dips

Kalyan Jewellers’ Q1 Revenue Shines, but Share Price Dips

Strong Revenue Growth Fails to Lift Sentiment as Gold Price Volatility and Market Caution Weigh on Kalyan Jewellers’ Stock

Introduction
Kalyan Jewellers, one of India’s leading jewellery retailers, delivered an impressive financial performance in the first quarter of FY26. The company’s consolidated revenue surged by 31% year-on-year, reflecting strong consumer demand and continued expansion across India and international markets. However, this positive momentum in business was not mirrored by the stock market, as the share price fell by 2.5% following the Q1 business update. This article explores the key drivers behind the company’s growth, the reasons for the market’s cautious reaction, and what lies ahead for Kalyan Jewellers.

Revenue Growth Defies Market Headwinds
Impressive Top-Line Performance
Kalyan Jewellers reported a consolidated net revenue of ₹5,557.63 crore for Q1 FY26, up 31% from the same period last year. This growth was achieved despite facing intermittent demand disruptions caused by gold price fluctuations and persistent geopolitical tensions, both of which have been influencing consumer sentiment in the jewellery sector.
India and International Operations
• India: The domestic market remained a key growth engine, with revenues rising 31% year-on-year. Festive occasions such as Akshaya Tritiya and the ongoing wedding season played a pivotal role in boosting sales.
• International: Overseas operations mirrored the domestic trend, also posting 31% revenue growth. Notably, the Middle East market saw a 26% increase, primarily driven by strong same-store sales.
Digital Platform Acceleration
Kalyan’s digital-first brand, Candere, stood out with a remarkable 67% revenue growth in Q1 FY26. The success was attributed to a new brand campaign launched in May 2025, which significantly increased both physical showroom footfalls and online engagement.

Aggressive Expansion Strategy
Showroom Network Growth
During the quarter, Kalyan Jewellers expanded its footprint by opening 10 new showrooms under its flagship brand and eight Candere showrooms in India, along with one new outlet in the United States. As of June 30, 2025, the company operated 406 showrooms across its various brands.
Ambitious Plans for FY26
Looking ahead, Kalyan Jewellers has outlined plans to launch 170 new showrooms under both the Kalyan and Candere formats in India and abroad during the current fiscal year. This includes a focus on expanding in non-south Indian markets and strengthening its international presence.

Share Price Reaction: Market Caution Prevails
Stock Movement Post-Q1 Update
Despite the stellar revenue growth, Kalyan Jewellers’ share price fell by 2.5% immediately after the Q1 business update, with the stock hitting an intraday low of ₹563.05 on the BSE. The decline extended to nearly 4% at one point as investors appeared to book profits and react to broader market volatility.
Factors Behind the Decline
• Gold Price Volatility: Persistent fluctuations in gold prices have created uncertainty for both consumers and investors, impacting demand patterns and sentiment.
• Geopolitical Uncertainties: Ongoing global tensions have added another layer of unpredictability to the luxury retail sector.
• Profit Booking: After a period of strong performance, some investors may have chosen to lock in gains, leading to short-term selling pressure.
Digital and Brand Investments Paying Off
Candere’s robust performance highlights the growing importance of digital channels in the jewellery business. The brand’s 67% revenue jump, following a targeted campaign, signals that Kalyan Jewellers’ investments in omnichannel retail and digital marketing are resonating with younger, tech-savvy consumers.

Conclusion
Kalyan Jewellers’ Q1 FY26 results underscore the company’s resilience and adaptability in a challenging market environment. While the 31% revenue growth across both domestic and international operations demonstrates strong underlying demand, the recent share price dip reflects broader market caution and the impact of external uncertainties. As the company continues its aggressive expansion and digital transformation, its ability to navigate volatility and sustain growth will be closely watched by both investors and industry peers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Z47 Launches $400M Fund for India’s Tech Boom

Mangalam Cement Skyrockets: Promoter Buys 4.7 Lakh Shares!

Mangalam Cement Skyrockets: Promoter Buys 4.7 Lakh Shares!

Mangalam Cement Skyrockets: Promoter Buys 4.7 Lakh Shares!

With a new mining lease in hand, promoter activity on the rise, and decades-long wealth creation, Mangalam Cement Ltd is solidifying its growth trajectory.

Summary:
Shares of Mangalam Cement Ltd rose nearly 2% on July 8, 2025, after the company was declared the Preferred Bidder for a limestone mining lease in Kota, Rajasthan. The forward e-auction, conducted by the Rajasthan Government, boosts the company’s raw material security. In parallel, the promoter purchased 470,200 shares recently, showcasing strong confidence in the company’s future. With a history of delivering over 20,000% return in two decades, Mangalam Cement continues to attract investor interest.

Mining Lease Boosts Stock Performance
Mangalam Cement Ltd., a respected name in India’s cement manufacturing sector, saw its stock price jump on Tuesday, July 8, 2025, after it was declared the Preferred Bidder for a key mining lease in Rajasthan. This lease pertains to the Nimana-Duniya Extension Block in Kota district, which is a significant source of limestone, a critical raw material in cement production.
The forward e-auction for the block was conducted on July 4, 2025, via MSTC’s digital auction portal, under the auspices of the Government of Rajasthan. Following the news, the company’s shares climbed by 1.91% to trade at ₹762.20 by 10:54 a.m. IST. The stock opened the day at ₹747.10 and touched an intraday high of ₹772.75, while the low hovered around ₹745.30. The Volume-Weighted Average Price (VWAP) stood at ₹762.15.

What This Means for Mangalam Cement
Being awarded the status of Preferred Bidder gives Mangalam Cement a significant edge in terms of long-term raw material security and production cost optimisation. Access to a dedicated limestone source like the Nimana-Duniya Extension Block not only ensures steady input supply but also enhances the company’s production scalability.
This is especially important at a time when cement demand in India is witnessing steady growth, driven by infrastructure projects, housing, and rural development under various government initiatives like PM Awas Yojana and National Infrastructure Pipeline (NIP).

Promoter Activity Signals Confidence
Interestingly, alongside this strategic win, Mangalam Cement has also seen significant promoter activity. A key promoter entity purchased 470,200 shares of the company, signalling confidence in the company’s future trajectory. Promoter buying is often interpreted as a strong signal that the insiders believe the stock is undervalued or poised for upward movement.
This aligns with the long-term bullish sentiment around the company, which has shown consistent efforts to expand operational capacity, increase efficiency, and enhance shareholder value.

Long-Term Wealth Creator: 20,000%+ Return in 2 Decades
One of the most remarkable aspects of Mangalam Cement’s journey is its long-term performance. Over the past two decades, the company has delivered a staggering 20,000%+ return, making it one of the silent wealth creators in the Indian equity market.
For example, a ₹1 lakh investment made in the company 20 years ago would now be worth more than ₹2 crore. This stellar growth has been supported by the company’s disciplined capital allocation, consistent operational expansion, and a strategic focus on integrating its supply chain.

Stock Snapshot: As of July 8, 2025
Metric Value
Current Price- ₹762.20
Opening Price- ₹747.10
Intraday High- ₹772.75
Intraday Low- ₹745.30
52-Week High- ₹1,095.65
52-Week Low- ₹640.00
VWAP- ₹762.15
Despite a volatile 52-week range, the recent lease acquisition may help the stock build renewed investor momentum in the coming quarters.

Company Overview: Mangalam Cement Ltd
Mangalam Cement Ltd is a part of the B.K. Birla Group is one of India’s oldest and most trusted business conglomerates. The company operates an integrated cement manufacturing plant in Rajasthan, with state-of-the-art production technology. Its product range includes OPC and PPC cement under the Birla Uttam brand, catering to both individual home builders and institutional buyers.
Over the years, Mangalam Cement has focused on sustainable operations, cost efficiencies, and reducing environmental impact. The company has also invested in alternative fuels, waste heat recovery systems, and the digitisation of its manufacturing processes.

What Lies Ahead
The latest mining lease win could act as a catalyst for future production expansion and operating margin improvement. With increasing infrastructure activity and housing demand, Mangalam Cement is strategically positioned to capitalise on India’s cement consumption growth story.
Moreover, as input costs stabilise and demand from both rural and urban areas increases, companies with secure raw material access and efficient cost structures—like Mangalam Cement—could outperform peers.
The recent promoter share acquisition reinforces investor confidence, and the company’s long-term stock performance suggests it is no stranger to wealth creation.

Conclusion
Mangalam Cement’s emergence as the Preferred Bidder for the Nimana-Duniya Extension Block mining lease is a key milestone in its growth story. With increased promoter interest and a robust history of returns, the company is clearly positioning itself for long-term success. Investors would do well to keep a close watch on its developments as it looks to strengthen its footprint in the Indian cement sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Silver Retreats from 13-Year High as Dollar Strength, Fed Outlook Pressure Prices

Shree Renuka Sugars Q2 FY26: Revenue Holds Up Seasonally, But Loss Widened Sharply as Costs Bite

Samsung Braces for 39% Q2 Profit Fall Amid AI Chip Setbacks

Samsung Braces for 39% Q2 Profit Fall Amid AI Chip Setbacks

Despite booming global demand for AI memory chips, Samsung struggles with certification delays, China restrictions, and intense competition from smaller rivals.

Weak AI Chip Sales Set to Dent Samsung’s Q2 Profit

Samsung Electronics is anticipated to report a 39% decline in its operating income for Q2 2025, largely due to continued setbacks in delivering advanced memory solutions to leading players in the AI chip industry. This expected decline comes despite a booming AI market that has otherwise driven strong performance for its industry competitors.

Between April and June, Samsung’s operating income is expected to shrink to 6.3 trillion won (roughly $4.62 billion), reflecting its lowest quarterly performance in the past 18 months, according to aggregated projections from LSEG SmartEstimate.

The dip in profitability highlights the challenges Samsung faces in aligning its memory chip production with the surging demand created by the rapid expansion of artificial intelligence technologies across data centers globally.

Rival Chipmakers Gain Edge in AI Market

Samsung’s difficulties come in stark contrast to the success seen by competitors, who have effectively capitalized on the AI boom. Firms like SK Hynix and Micron have reported increased sales and stronger financial results due to their more agile response to market needs, especially in supplying high-bandwidth memory (HBM) chips essential for AI processing.

In comparison, Samsung’s gains have been more muted. A significant portion of its market focus remains tied to China—a region currently facing strict U.S. Barriers placed on the transfer of next-generation semiconductor innovations. These regulatory constraints have made it more challenging for Samsung to ramp up AI-focused chip exports from China, curbing potential revenue growth.

HBM Certification Delays Hamper Growth

A key hurdle in Samsung’s AI strategy has been the sluggish progress in getting its latest high-bandwidth memory chip—specifically the HBM3E 12-high variant—approved by leading AI chip designers like Nvidia. Certification is crucial for integrating Samsung’s memory solutions into high-performance GPUs used in AI data centers.

While Samsung had earlier indicated it was aiming for meaningful developments on this front by mid-2025, there has been no official confirmation that the certification has been granted. This uncertainty continues to weigh on investor sentiment, as without Nvidia’s qualification, large-scale shipments are unlikely to materialize soon.

Nevertheless, a glimmer of progress has emerged—Samsung has initiated a modest rollout of its HBM3E chips to AMD, a key player in the artificial intelligence arena. Although this move could pave the way for broader adoption, it is not yet a significant revenue driver.

Smartphone Sales Offer a Ray of Hope

On a more positive note, Samsung’s smartphone segment is expected to show relatively stable performance during the second quarter. Analysts attribute this resilience to stockpiling activity by retailers ahead of potential U.S. tariffs on imported electronics, including smartphones.

The looming possibility of a 25% tariff on smartphones manufactured outside the U.S.—a proposal revived in recent trade policy debates—has prompted retailers to prepare for higher costs by boosting inventories. This demand cushion could help soften the blow from the struggling semiconductor business.

Geopolitical Tensions Cloud Broader Business Outlook

The broader environment for Samsung’s core business units—including memory chips, smartphones, and consumer appliances—remains uncertain due to ongoing trade policy risks.

The U.S. government is considering stricter controls on technology exports to China, including a potential rollback of previously granted permissions to global chipmakers operating in the country. If implemented, these changes could hinder Samsung’s access to essential U.S. technology for its Chinese manufacturing operations.

Such geopolitical headwinds continue to pose strategic risks for Samsung, which relies heavily on both Chinese manufacturing and global supply chains. This uncertainty adds a further layer of complexity to its long-term growth ambitions in the highly competitive and politically sensitive semiconductor sector.

Share Price Trails Behind Sector Peers

Despite gaining approximately 19% since the beginning of the year, Samsung’s stock performance has lagged behind that of its memory chip rivals and the broader KOSPI index, which has advanced more than 27% during the same period.

The underwhelming stock growth reflects ongoing investor concerns about Samsung’s position in the rapidly evolving AI chip race, especially as smaller competitors appear more nimble and better aligned with current market trends.

Unless Samsung can accelerate its HBM chip development and secure vital certifications, it risks falling further behind in a sector that is increasingly pivotal to the future of global computing infrastructure.

Final Thoughts

Samsung Electronics is facing a challenging second quarter, with operating profit expected to decline nearly 40% due to slow progress in meeting the surging demand for AI-optimized memory chips. While competitors ride the wave of AI innovation, Samsung finds itself entangled in supply delays, U.S.-China trade tensions, and certification roadblocks that hamper its ability to capitalize on the boom.

The tech giant’s smartphone sales and modest stock gains offer some relief, but the company’s future growth will heavily depend on how swiftly it can resolve certification issues, diversify its export markets, and adapt to a shifting global regulatory landscape. With the battle for dominance in AI chips intensifying, all eyes are turning to Samsung’s next strategic steps, as both investors and industry experts await its moves.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BEL to Reveal Q1 FY26 Results on July 28 Amid Market Fluctuations

Low-Priced Stock Below ₹20 Soars 59% in a Week, Sets New 52-Week Record

Low-Priced Stock Below ₹20 Soars 59% in a Week, Sets New 52-Week Record

Low-Priced Stock Below ₹20 Soars 59% in a Week, Sets New 52-Week Record

PC Jeweller shares soar amid robust quarterly results, debt reduction, and bullish investor sentiment, turning ₹1 lakh into ₹1.59 lakh in just 7 days.

PC Jeweller Stock Skyrockets: Impressive Gains Within a Week

PC Jeweller Ltd has taken the spotlight on Dalal Street after witnessing a massive rally over the past week. The stock, trading below ₹20, delivered a remarkable return of nearly 59.3% in just seven days, transforming an investment of ₹1,00,000 into ₹1,59,256. This surge has pushed the share price to a fresh 52-week high of ₹19.62, marking a significant leap from its recent low of ₹5.10.

The company’s shares experienced a notable volume spike—rising more than sevenfold on the Bombay Stock Exchange (BSE)—indicating strong investor interest and renewed market confidence. On July 8, 2025, the stock jumped 16.75%, closing at ₹17.41, up from ₹16.71 in the previous session.

From Lows to Multibagger: A 1,100% Return in Five Years

Over the long term, PC Jeweller has rewarded patient investors handsomely. From its 52-week low of ₹5.10, the stock has surged over 280%. Even more impressively, those who invested five years ago have seen a meteoric rise of around 1,100%. This sharp appreciation underlines the company’s transformation journey—from struggling to thriving.

Such multibagger returns from a penny stock reaffirm that strategic turnarounds and strong fundamentals can drive exponential gains, especially in sectors tied to consumer sentiment like jewellery.

Stellar Q1 Performance Boosts Market Sentiment

PC Jeweller’s sharp rally comes on the back of a strong performance in the quarter ending June 30, 2025. Despite persistent swings in gold prices, the company recorded an extraordinary standalone revenue jump of 80% over the corresponding quarter of the previous year. This impressive growth was primarily driven by higher demand, especially during wedding and festive seasons, when jewellery purchases tend to spike.

The quarterly results have been interpreted as a signal of the company’s operational resurgence, underpinned by growing customer trust and strategic product offerings across segments.

Aggressive Debt Reduction on Track to Achieve Zero Debt

In addition to revenue growth, the company has also made significant headway in reducing its debt burden—a key factor behind the renewed investor optimism. In the latest quarterly period, the firm managed to bring down its remaining debt load by nearly 7.5%, continuing its financial restructuring efforts.

With this momentum, the company has outlined an ambitious target to become completely debt-free by the end of FY2026. Reducing financial leverage not only strengthens the balance sheet but also improves profitability, cash flow, and long-term sustainability.

Turnaround Reflected in Quarterly and Annual Financials

The transformation in the company’s financial performance has been remarkably swift and substantial. In Q4FY25, net sales soared by 1,356% year-on-year to ₹699 crore, compared to the same period in FY24. More notably, it recorded a net profit of ₹95 crore—marking a sharp reversal from a net loss of ₹122 crore a year earlier.

On an annual basis, FY25 saw net sales rise by 272% to ₹2,245 crore, up from the previous year. Furthermore, the company posted a turnaround annual net profit of ₹578 crore versus a net loss of ₹629 crore in FY24, a striking 192% improvement year-on-year.

Stock Split and Institutional Confidence

PC Jeweller undertook a share division on December 16, 2024, converting each ₹10 face value equity unit into ten separate shares valued at ₹1 apiece—an initiative designed to broaden investor reach and enhance market activity. By lowering the entry barrier for individual investors, this step widened retail engagement and fueled higher activity in the stock market.

Institutional investors have also shown confidence in PCJ. By March 2025, prominent institutional investors like State Bank of India and Life Insurance Corporation of India had acquired ownership interests amounting to 2.70% and 1.03%, respectively. The company’s current market capitalization has crossed ₹12,000 crore, reflecting strong valuation growth in recent months.

About PC Jeweller Ltd

PC Jeweller Ltd is a prominent Indian jewellery brand engaged in designing, manufacturing, and retailing gold, diamond, silver, and platinum ornaments. The company operates under multiple sub-brands such as Azva, Swarn Dharohar, and LoveGold, catering to a diverse customer base. Known for crafting commemorative medallions—including for major events like the Cricket World Cup—PC Jeweller continues to reinforce its presence in the organized jewellery retail market.

Final Thoughts

PC Jeweller Ltd’s stunning stock rally in just a week showcases how rapid investor gains can materialize when backed by strong fundamentals and strategic business execution. The company’s turnaround in financial performance, aggressive debt reduction, and high-volume trading reflect renewed market confidence.

From achieving substantial revenue growth and net profit turnaround to institutional backing and a stock split enhancing retail participation, PCJ appears poised for further growth. While past performance doesn’t guarantee future returns, its trajectory signals continued momentum and investor interest in the near term.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Euro-Zone Bond Yields Rise as Markets Await US Tariff Decision

Battery Storage Win Powers Acme Solar’s Stock Surge

Battery Storage Win Powers Acme Solar’s Stock Surge

Battery Storage Win Powers Acme Solar’s Stock Surge

India’s renewable energy leader secures over 3.1 GWh of advanced battery storage, setting new benchmarks for grid stability and project execution

Introduction
Acme Solar Holdings, a prominent name in India’s renewable energy landscape, has made headlines with its announcement of a massive BESS procurement. The order, exceeding 3.1 GWh, not only marks a milestone for the company but also signals a major leap forward for India’s energy storage ambitions. The announcement triggered a sharp intraday rise of over 6% in Acme Solar’s share price, highlighting market optimism around its future trajectory and execution.

The Strategic Importance of Battery Storage
Why Battery Storage Matters
As renewable energy use expands, battery storage is becoming essential for grid stability and reliability. These systems store excess energy generated during periods of high production and release it when demand peaks or generation dips, thereby ensuring a stable and reliable power supply. For India, where the push for clean energy is intensifying, robust storage solutions are essential for balancing intermittent solar and wind generation.
Acme Solar’s Vision
Acme Solar’s battery procurement is aimed at powering its FDRE developments and other energy storage-linked projects slated for rollout in the coming 12 to 18 months. The company’s strategy is to deploy these storage systems across multiple states, enhancing both project flexibility and grid resilience.
Details of the Order
• Suppliers: Trina Energy and Zhejiang Narada are trusted worldwide for their high-efficiency and modular energy storage systems.
• Deployment: Phased deliveries are planned throughout the current fiscal year, with installations aligned to upcoming project timelines.
• Standards: All equipment adheres to international IEC and UL standards, ensuring top-tier safety, reliability, and performance.
The procurement fits within Acme Solar’s budgeted capital expenditure, balancing cost efficiency with high technical standards and supplier reliability. Ordering ahead of schedule should help expedite deployment and enhance cash flow timing.

Market Impact and Stock Performance
The announcement of the BESS order had an immediate effect on Acme Solar’s stock, which surged over 6% intraday and closed with a notable gain after a period of declines. Investors responded positively to the company’s proactive approach to securing critical infrastructure, which is expected to:
• Accelerate project commissioning
• Enhance operational margins through improved capacity utilization
• Reinforce Acme Solar’s leadership in the accelerating green energy market

Broader Implications for India’s Clean Energy Transition
Scaling Up Renewable Integration
India’s renewable energy sector is expanding rapidly, but integrating large volumes of variable solar and wind power remains a challenge. Acme Solar’s large-scale adoption of advanced battery storage is a template for the industry, demonstrating how storage can unlock new levels of grid flexibility and reliability.
Supporting National Goals
This order aligns with India’s broader ambitions to increase renewable energy’s share in the national grid, reduce dependence on fossil fuels, and meet climate commitments. By investing in state-of-the-art storage, Acme Solar is helping pave the way for a more resilient and sustainable energy future.
Acme Solar’s Operational Strength
Holding 6,970 MW in renewables and 550 MWh in storage capacity, Acme Solar is primed to support India’s journey toward a sustainable energy future. Its in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) teams ensure efficient project delivery and strong performance metrics, such as industry-leading capacity utilization factors and operating margins

Conclusion
Acme Solar’s record-setting battery storage order is a watershed moment for India’s renewable energy sector. By securing advanced, large-scale storage solutions, the company is not only boosting its own growth prospects but also setting new standards for project execution and grid stability. This bold move is likely to inspire similar investments across the industry, accelerating India’s journey toward a cleaner, more reliable energy future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BlackRock’s Strategic Leap: The ElmTree Funds Acquisition and the Future of Real Estate Investing