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Suzlon Soars 2% After Sealing Its Biggest Deal of FY26
Market News - June 17, 2025

Karnataka Ranks First in Wind Energy Growth

Karnataka Ranks First in Wind Energy Growth

Karnataka leads India in newly added wind energy capacity, highlighting its growing role in the nation’s clean energy future.

Karnataka has reached a major milestone in renewable energy development, earning the *top spot in India for the largest wind energy capacity addition* during the fiscal year 2024–2025. The southern state added *1,331.48 megawatts (MW)* of wind power capacity, surpassing all other states in the country.

Strong Growth in Wind Power Installations

The addition of over *1,300 MW of wind power* in just one year highlights Karnataka’s strategic push toward clean energy. The state’s focused efforts are not only meeting its growing energy needs but also contributing significantly to India’s wider goals of increasing green energy production and reducing dependence on fossil fuels.

This progress supports India’s vision to meet international climate commitments while strengthening energy security at the state and national levels.

Total Installed Capacity Reaches 7,351 MW

With this recent increase, Karnataka now has a *total wind power capacity of 7,351 MW, making it a top contributor to the country’s wind energy generation. Although **Gujarat* still holds the record for overall installed wind capacity, Karnataka’s consistent additions have helped it move up rapidly in the national rankings.

This boost solidifies Karnataka’s place among the top-performing states in India’s renewable energy map, particularly in wind energy.

Proactive Measures Behind the Success

Karnataka’s achievement can be attributed to several forward-thinking initiatives. The state has:

* Created favorable policies and incentives for wind power investments
* Eased regulatory procedures for faster project execution

These steps have attracted private and public sector investments and encouraged the installation of numerous wind farms across wind-rich districts.

In addition, the state government has supported developers by ensuring grid connectivity, land allocation, and infrastructure for evacuating the generated power efficiently.

Vision for the Future: Renewable Energy Expansion

Looking ahead, Karnataka aims to continue this momentum by targeting *20 gigawatts (GW)* of total renewable energy capacity over the next five years. This goal includes not just wind, but also significant expansion in *solar energy* and hybrid power systems.

The state’s ambitious plans highlight its long-term commitment to becoming a national leader in the renewable energy space. These initiatives are aligned with India’s commitment to a *net-zero emissions future* and offer sustainable solutions to power the economy.

Conclusion

Karnataka’s rise to the top in wind energy capacity addition during FY 2024–25 is a reflection of its determined pursuit of sustainable power solutions. With a clear roadmap and continuous policy support, the state is expected to remain a frontrunner in India’s green energy transformation. Its dedication to scaling up renewable capacity not only sets an example for other states but also boosts India’s position on the global clean energy stage.

Summary:

With a total capacity of 7,351 MW, the state plays a major role in India’s renewable energy efforts. Its future goal is to reach 20 GW of clean energy capacity in the coming five years, marking it as a key player in the nation’s transition to sustainable energy.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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OPEC Revises Oil Growth Forecast as Supply Slows

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US Airstrike on Iran: Oil Shock for India
Market News - June 17, 2025

OPEC Revises Oil Growth Forecast as Supply Slows

OPEC Revises Oil Growth Forecast as Supply Slows

OPEC maintains demand outlook but sees smaller growth in oil supply from non-member producers amid shifting economic and geopolitical trends.

The Organization of the Petroleum Exporting Countries (OPEC) has made adjustments to its forecast for global oil growth, citing reduced contributions from non-member producers and persistent economic uncertainty. In its most recent monthly report, the group retained its oil demand outlook for 2025 but lowered projections for oil supply coming from producers outside of OPEC+.

According to OPEC’s June 2025 report, the organization anticipates oil demand to increase by 2.25 million barrels per day (bpd) in 2025, consistent with previous estimates. However, the group has revised downward its expectations for oil production growth from non-OPEC+ countries, projecting growth of around 1.3 million bpd—slightly less than earlier figures.

Demand Still Healthy, But Signs of Caution

While the overall demand outlook remains steady, OPEC acknowledged some underlying risks to this forecast. Factors such as inflation, high interest rates, and geopolitical instability could temper growth in energy consumption, particularly in developing economies. Nonetheless, demand from countries in Asia—especially India and China—is expected to support stable oil consumption in the medium term.

Additionally, recovery in air travel and transportation, particularly in emerging markets, is anticipated to continue driving global demand upward. Seasonal fuel consumption increases, particularly in the Northern Hemisphere during the summer months, are also expected to help sustain this demand momentum.

Non-OPEC Supply Growth Eases

The organization’s updated report reflects a slightly less optimistic view of oil production from countries outside of OPEC+. While nations such as the United States, Brazil, and Canada continue to contribute to global output, their production increases are showing signs of slowing.

This stagnation is largely due to capital discipline among shale operators and operational cost management, limiting rapid expansion.

In contrast, output from countries like Brazil and Guyana continues to climb but is not sufficient to offset the slowdown elsewhere.

Middle East Tensions Add Volatility

Geopolitical concerns also continue to play a key role in market sentiment. Tensions in the Middle East, especially involving Israel and Iran, have increased anxiety about the safety of major oil transport routes like the Strait of Hormuz. Although recent incidents have not caused major supply disruptions, any escalation could quickly affect market stability and pricing.

Crude prices have seen moderate fluctuations in response to these tensions. However, analysts suggest that unless there is a severe supply interruption, the impact will remain largely short-term.

OPEC’s Long-Term Position

The group emphasized the importance of maintaining flexible policies that can be adjusted in response to changing market dynamics. Continued collaboration between oil-producing nations is seen as critical to managing both supply and demand risks.

With demand projected to grow steadily and supply growth slowing from non-member nations, OPEC and its allies may gain more influence over global market balance. This could potentially position the group more favorably in managing output levels and supporting price stability.

Summary:

OPEC has kept its global oil demand outlook for 2025 unchanged at 2.25 million bpd but slightly reduced its forecast for supply growth from non-OPEC+ producers.While demand remains healthy, OPEC stresses the importance of flexibility and cooperation to navigate uncertain market conditions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Jaguar Land Rover Revises FY26 Forecast Amid Global Challenges

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Belrise Industries Ltd: Stock Soars 7% on Back of 574% Net Profit Surge
Market News - June 17, 2025

Belrise Industries Ltd: Stock Soars 7% on Back of 574% Net Profit Surge

Belrise Industries Ltd: Stock Soars 7% on Back of 574% Net Profit Surge

Auto component maker Belrise Industries delivers a blockbuster Q4, fueling investor enthusiasm and highlighting its emergence as a major player in India’s automotive supply chain.

Introduction
The Indian auto ancillary sector has been buzzing with activity, but few stories have captured investor attention like Belrise Industries Ltd in June 2025. The recently listed company’s shares surged nearly 7% after it unveiled a quarterly net profit that grew more than five-fold year-on-year. This dramatic turnaround, coupled with strong revenue growth and a successful IPO, has cemented Belrise’s reputation as a rising star in the automotive components industry.

Q4 FY25: A Blockbuster Quarter
Earnings Highlights
• PAT: ₹110 Cr, up 574% from ₹16 crore in Q4 FY 2024.
• Revenue: ₹2,274 Cr, a 49% increase y-o-y from ₹1,526 Cr in Q4 FY 2024.
• EBITDA: ₹276 Cr, which represents a 54.4% increase over ₹178.6 Cr during the same time last year.
• Operating Margin: increased to 12.13% from 11.7% the year before.

Full-Year Performance and Strategic Moves
Annual Financials
• FY 2025 Revenue: ₹8,291 Cr, up 10.8% y-o-y.
• FY 2025 Net Profit: ₹355 Cr, a 13.3% increase over FY 2024.
• Debt Reduction: Utilized IPO proceeds to repay ₹1,596 crore in debt, leading to interest cost savings and healthier debt ratios.
Belrise’s manufacturing business accounted for 80% of total revenue, with the two-wheeler segment contributing over 81% of manufacturing sales. The company’s focus on powertrain-neutral products (73.2% of manufacturing revenue) aligns it with future mobility trends, including electric vehicles.

IPO Success and Market Debut
The remarkable 41.3 times subscription to Belrise Industries’ ₹2,150-crore IPO, which closed in late May 2025, reflected robust investor interest and confidence in the offering.
The stock has stayed strong, trading up to 19% over the IPO price as of mid-June 2025, having debuted at an 11% premium to its issue price of ₹90.

Market Position and Growth Strategy
Belrise is one of the top three companies in the two-wheeler metal components market in India, with a 24% revenue share.
The company is now targeting expansion in passenger vehicles (PV) and commercial vehicles (CV), aiming to diversify its revenue streams and capitalize on India’s growing automotive market.

Management Commentary
Shrikant Badve, Managing Director, emphasized the company’s focus on product premiumization, engineering capability, and operational efficiency. He highlighted plans to expand in the four-wheeler and commercial vehicle segments and projected that Belrise will outpace industry growth rates in FY26, supported by strong relationships with Tier-1 OEMs.

Financial Health and Ratios
• Return on Average Capital Employed (RoACE): 14.9%.
• Return on Average Equity (RoAE): 14.1%.
• Manufacturing EBITDA Margin: 14.2% in FY25.
• Stock Performance: Since listing, it has risen up to 19% over the IPO price; it has increased by 7% following Q4 results.
The company’s prudent use of IPO proceeds to repay debt and its focus on operational excellence have strengthened its balance sheet and improved profitability metrics.

Outlook: What’s Next for Belrise?
• Industry Growth: The auto component industry is expected to grow steadily, with two-wheeler and passenger vehicle segments leading the way.
• Expansion Plans: Belrise is actively expanding its presence in the four-wheeler and commercial vehicle markets while maintaining its leadership in two-wheelers.
• Sustainability: The company’s emphasis on powertrain-neutral products and premium engineering positions it well for the shift toward electric and hybrid vehicles.

Conclusion
Belrise Industries Ltd’s remarkable Q4 and FY25 performance, coupled with a successful IPO and a clear growth strategy, have made it one of the most exciting stories in India’s auto ancillary sector. With robust fundamentals, a healthy balance sheet, and a forward-looking management team, Belrise is well-positioned to capitalize on industry tailwinds and deliver sustainable value to shareholders in the years ahead.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Gold Prices Dip in Kerala After Record Highs: What’s Driving the Correction?

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Gold Prices Plunge as Israel-Iran Ceasefire Triggers Market Volatility
Market News - June 17, 2025

Gold Prices Dip in Kerala After Record Highs: What’s Driving the Correction?

Gold Prices Dip in Kerala After Record Highs: What’s Driving the Correction?

After surging to unprecedented levels, gold prices in Kerala have taken a step back, reflecting global market volatility, profit-booking, and geopolitical uncertainties.

Introduction
Kerala, renowned for its deep-rooted affinity for gold, witnessed a dramatic surge in gold prices in the first half of June 2025. Prices reached historic highs, only to see a swift correction as global market dynamics shifted. This article delves into the recent price action, the factors influencing the correction, and what lies ahead for gold buyers and investors in the state.

Gold Price Milestones in June 2025
• Record Highs:
On June 14 and 15, 2025, gold prices in Kerala peaked at ₹74,560 per sovereign (8 grams) and ₹9,320 per gram for 22-carat gold, marking the highest levels ever recorded in the state.
• Recent Correction:
By June 16, prices fell by ₹120 per sovereign, settling at ₹74,440, while the per-gram rate dropped by ₹15 to ₹9,305 for 22-carat gold. The downward trend continued into June 17, with 22-carat gold at ₹9,304 per gram and 24-carat at ₹10,150 per gram.
• Short-Term Trend:
The price movement over the past week reflects a mild bearishness after a sharp rally, mirroring corrections seen in international bullion markets.

Key Factors Behind the Price Drop
1. Global Profit-Booking
A significant contributor to the recent decline has been profit-booking by international traders. After gold hit record highs, many investors chose to cash in on their gains, leading to a pullback in global prices that quickly filtered down to local markets in Kerala.
2. International Market Volatility
The international price of gold dipped to $3,414.32 per ounce as per recent Reuters data, reflecting a broader trend of volatility in global bullion trading. This has a direct impact on domestic prices, given gold’s status as a globally traded commodity.
3. Geopolitical Tensions
Ongoing tensions in West Asia, particularly between Iran and Israel, have played a dual role. Initially, they drove prices higher as investors sought safe-haven assets. However, as the situation stabilized or as traders locked in profits, prices corrected downward. The geopolitical risk premium remains a key variable for gold prices going forward.
4. US Federal Reserve Policy Uncertainty
There is lingering uncertainty regarding the US central bank’s next move—whether to cut interest rates or maintain a pause. Lower rates typically make gold more attractive compared to bonds, supporting higher prices. Any signals from the Fed could trigger further swings in gold prices globally and in Kerala.

Current Gold Prices in Kerala
Gold prices showed slight fluctuations over the past few days. On June 14–15, 22K gold was priced at ₹9,320 per gram and 24K at ₹10,168 per gram, with one sovereign (8g of 22K) costing ₹74,560. On June 16, prices dipped slightly, with 22K gold at ₹9,305 and 24K at ₹10,151, bringing the sovereign price down to ₹74,440. The downward trend continued marginally on June 17, as 22K gold was priced at ₹9,304 per gram and 24K at ₹10,150, with the sovereign rate dropping to ₹74,432.

Historical Perspective and Consumer Sentiment
Kerala’s gold price history is marked by periodic surges, often driven by global events and local demand spikes during festivals and weddings. The recent correction is seen as a healthy pause, allowing buyers who missed out during the rally to reconsider their purchases. Local jewellers report steady footfall, with some consumers waiting for further dips before making large purchases.

Outlook: What’s Next for Gold in Kerala?
• Short-Term:
The market is expected to remain volatile, with prices sensitive to global economic data, central bank decisions, and geopolitical developments.
• Medium-Term:
If the US Federal Reserve signals a rate cut or if geopolitical tensions flare up again, gold could find renewed support. Conversely, easing tensions and stronger equity markets may keep gold prices in check.
• Long-Term:
Kerala’s cultural affinity for gold and its role as a hedge against inflation and uncertainty suggest that demand will remain resilient, even as prices fluctuate.

Conclusion
The recent fall in gold prices in Kerala after reaching record highs is a reminder of the metal’s sensitivity to global events and market psychology. While the correction offers relief to prospective buyers, the underlying drivers—geopolitical risks, central bank policies, and investor sentiment—will continue to shape the market in the days ahead. For Kerala’s gold-loving public, the message is clear: stay informed, watch the trends, and seize opportunities as they arise.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Vedanta’s ₹17,000 Cr FY25 Dividend Spurs Hopes Among 20 Lakh Retail Investors

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Investor Takeaways as Vedanta Shares Slide on Govt Objections to Demerger Plans
Market News - June 17, 2025

Vedanta’s ₹17,000 Cr FY25 Dividend Spurs Hopes Among 20 Lakh Retail Investors

Vedanta’s ₹17,000 Cr FY25 Dividend Spurs Hopes Among 20 Lakh Retail Investors

With a record dividend outgo and a crucial board meeting on June 18, Vedanta’s 20 lakh retail investors look ahead to continued rewards as the mining giant maintains its aggressive payout strategy.

Introduction
Amid a year of market volatility and changing sector dynamics, Vedanta Ltd has distinguished itself through its consistent focus on delivering value to shareholders.
The company’s massive ₹17,000 crore dividend payout in FY25 has not only set a benchmark in the Indian corporate landscape but also reaffirmed its status as a high-yield favorite among retail investors. Expectations are rising among Vedanta’s sizable base of retail investors as the company prepares for a crucial board meeting on June 18, 2025, to decide on the first interim dividend of the upcoming fiscal year.

FY25: A Year of Record Dividends
Dividend Payouts and Shareholder Impact
• In FY25, Vedanta distributed ₹43.5 per share as dividends, resulting in a total outgo exceeding ₹17,000 crore.
• Over the past four years, Vedanta’s cumulative dividend distribution has crossed ₹80,000 crore, with FY23 standing out at ₹101.5 per share and a ₹37,729 crore outgo.
• Retail shareholders—numbering close to 20 lakh and holding an 11.25% stake—have been major beneficiaries, with many seeing significant cash returns on their investments.
Dividend History Snapshot
Over the past four fiscal years, Vedanta has consistently distributed sizeable dividends to its investors. In FY25, the business distributed ₹17,010 crore in total, with a dividend of ₹43.5 per share.
This marked a significant increase from FY24, when the dividend stood at ₹29.5 per share with a total outgo of ₹10,953 crore. In FY23, Vedanta issued its highest dividend in recent years at ₹101.5 per share, amounting to ₹37,729 crore. Earlier, in FY22, the company paid ₹45 per share, with a total dividend outflow of ₹16,727 crore. These figures highlight Vedanta’s strong focus on shareholder returns.

Board Meeting and Upcoming Dividend
Vedanta’s Board of Directors will convene on June 18, 2025, to consider and approve the first interim dividend for FY26. The record date for determining eligible shareholders is set for June 24, 2025. This meeting continues Vedanta’s tradition of regular and substantial payouts, reinforcing its shareholder-friendly image.

Financial Performance and Dividend Capacity
Robust Financial Results
• In Q4 FY25, Vedanta reported a consolidated net profit of ₹3,483 crore, a 154.4% year-on-year increase, driven by lower operational costs and higher production volumes.
• Revenue for the quarter reached ₹41,216 crore, up from ₹36,093 crore the previous year, while EBITDA rose 31% year-on-year.
• The company’s strong cash flow and operational efficiency have enabled it to maintain high dividend payouts, even as it invests in expansion and operational improvements.
Dividend Yield and Market Response
• With an outstanding dividend yield of 7.09%, Vedanta is among the highest-yielding equities in the Indian metals industry.
• The stock has shown resilience, trading at ₹463.1 with a 5% rise over the past month, reflecting investor confidence in its payout policy and future prospects.

Analyst Outlook and Future Dividend Projections
Moderation Expected in FY26 and Beyond
• While FY25 saw record payouts, analysts expect a moderation in the coming years. JPMorgan projects a dividend of ₹25 per share in FY26 and ₹27 in FY27, translating to total outgo between ₹9,776 crore and ₹10,558 crore, assuming stable outstanding shares.
• Citi estimates a slightly higher FY26 dividend at ₹34 per share, but still below the FY25 level, citing a focus on profitability and prudent capital allocation.
• Despite the expected moderation, Vedanta’s dividend yield is projected to remain attractive, supported by strong earnings and a potential 10% increase in profitability targeted for FY26.
Brokerage Ratings
• Of the 16 analysts who cover Vedanta, 11 advise a “buy,” 4 advise a “hold,” and only one advises a “sell.”
• Price targets range from ₹445 to ₹500, with Citi highlighting the company’s comfortable leverage, potential upside in aluminium prices, and the anticipated completion of its demerger by September 2025 as key positives.

Strategic Moves and Corporate Developments
Demerger and Capital Raising
• Vedanta’s management confirmed that the much-anticipated demerger remains on track for completion by September 2025, a move expected to unlock further value for shareholders.
• The company has also announced plans to raise up to ₹5,000 crore through non-convertible debentures, aimed at strengthening its balance sheet and supporting growth initiatives.
Subsidiary Contributions
• Vedanta’s subsidiary, Hindustan Zinc, recently declared a ₹10 per share interim dividend, resulting in a ₹3,000 crore payout to Vedanta Ltd, further boosting its cash reserves and dividend-paying capacity.

Conclusion
Vedanta’s extraordinary dividend payout in FY25 has set a new standard for shareholder rewards in India’s corporate sector. As the company gears up for its next board meeting, retail investors—who comprise a significant portion of its ownership—eagerly await the next chapter in Vedanta’s dividend story. While analysts foresee a moderation in future payouts, the company’s robust financial health, high dividend yield, and strategic initiatives suggest that Vedanta will remain a top pick for income-focused investors in the metals and mining space.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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United Drilling Tools Stock Climbs on ₹107 Crore Order Boost from ONGC

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Nila Spaces Jumps 10% as Wellness Housing Project Gets RERA Clearance
Market News - June 17, 2025

United Drilling Tools Stock Climbs on ₹107 Crore Order Boost from ONGC

United Drilling Tools Stock Climbs on ₹107 Crore Order Boost from ONGC

A milestone agreement with ONGC paves the way for significant growth at United Drilling Tools Ltd., reviving investor confidence and driving the company toward a stronger future.

Introduction
The Indian oilfield equipment sector witnessed a significant development as United Drilling Tools Ltd (UDTL) secured a prestigious order from ONGC, India’s foremost oil and gas producer. The news sent UDTL’s stock soaring to its 20% upper circuit, reflecting overwhelming investor optimism and confidence in the company’s future trajectory.

The ONGC Order: Details and Significance
Order Overview
• Customer: ONGC
• Order Value: ₹107.5 crore (including GST)
• Product: Large outer diameter (OD) casing pipes with connectors
• Execution Timeline: Approximately nine months
• Impact: • Impact: Order volume increases to between ₹250 and 280 crore.
This contract is a testament to UDTL’s technical capabilities and its reputation as a reliable supplier of critical oilfield equipment. The order will be fulfilled over the next nine months, ensuring a steady revenue stream and operational momentum for the company in FY26.

Market Reaction: Stock Hits 20% Upper Circuit
Following the announcement, UDTL’s share price jumped 20% to ₹243.05, up from its previous close of ₹202.55. The surge was accompanied by record trading volumes, signaling strong buying interest and renewed faith in the company’s growth prospects. The market capitalization rose to nearly ₹490 crore, further cementing UDTL’s position among leading oilfield equipment manufacturers in India.

Strategic Importance for UDTL
Strengthening Industry Partnerships
This latest win deepens UDTL’s longstanding relationship with ONGC, a partnership built on years of consistent delivery, high product quality, and technical innovation. ONGC’s continued reliance on UDTL underscores the trust and satisfaction derived from the company’s offerings.
Expanding Order Book and Revenue Outlook
Since this contract was added, UDTL’s order book has grown to ₹250–280 crore, giving it strong visibility into future earnings.
The company reported a revenue of ₹168 crore in FY25, marking a 29.2% increase from the previous year, and a net profit growth of 66.7% to ₹15 crore. The ONGC order is expected to further bolster these figures in the coming quarters.

UDTL’s Competitive Edge
Technical Excellence and Global Reach
UDTL is known for its advanced production facilities, robust R&D, and highly skilled technical staff.
The company’s product portfolio includes high-performance connectors, casing pipes, wireline winches, gas lift equipment, and downhole tools, all manufactured to international standards.
Growing Global Footprint
Although India is still a significant market, UDTL is progressively growing its footprint in Africa, Southeast Asia, and the Middle East. The company’s growing international recognition is a testament to its reliability, innovation, and customer-centric approach.

At the Core of India’s Oil & Gas Sector: ONGC
ONGC, a Maharatna PSU, is India’s largest crude oil and natural gas company, contributing around 71% of the country’s domestic production. The government holds a 58.89% stake in ONGC as of March 2025, underscoring its strategic importance in India’s energy landscape.

Financial Performance Snapshot
In FY25, the company reported a robust financial performance, with revenue rising to ₹168 crore from ₹130 crore in FY24, reflecting a 29.2% year-on-year growth. Net profit surged by 66.7%, reaching ₹15 crore compared to ₹9 crore in the previous fiscal. The company’s Price-to-Earnings (P/E) ratio stood at 32.81x for FY25, indicating a strong valuation. Additionally, following the ONGC deal, the company’s order book expanded significantly, now estimated in the range of ₹250–280 crore, highlighting a strong pipeline and positive future outlook.

Conclusion
More than just a business victory, United Drilling Tools Ltd.’s historic order from ONGC is a strategic move that improves its financial outlook, solidifies its position in the market, and reinforces its dedication to quality and innovation. UDTL is in a strong position to take advantage of the expanding prospects in the global oil and gas industry as it keeps growing both domestically and internationally. Strong market confidence in UDTL’s future is indicated by the stock’s 20% increase, which reflects investor enthusiasm.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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India’s Wind Energy Sector Accelerates Amid Renewable Power Expansion

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BluPine Energy Secures ₹2,416 Cr to Build Hybrid Clean Power Project in Karnataka
Market News - June 16, 2025

India's Wind Energy Sector Accelerates Amid Renewable Power Expansion

India’s Wind Energy Sector Accelerates Amid Renewable Power Expansion

India has made substantial progress in its renewable energy journey, with wind power becoming a critical component. In the past year, the country’s wind energy capacity surged by 10.5%, taking the total to 51.5 gigawatts (GW). This advancement demonstrates India’s persistent efforts to expand its clean energy footprint and curb carbon emissions.

India’s Rising Influence in the Global Clean Energy Space

India currently ranks as the third-largest producer of renewable energy and holds the fourth spot globally for wind energy capacity. This growth underscores India’s growing influence in the international renewable energy landscape.

Marking Global Wind Day, Union Minister Pralhad Joshi highlighted wind energy’s pivotal role in fulfilling India’s ambition of becoming self-reliant (Atmanirbhar Bharat). He emphasized that expanding wind energy is vital for achieving environmental goals, creating jobs, promoting local manufacturing, and minimizing dependence on imported fuels.

Strong Growth Across Renewable Energy Segments

India’s cumulative renewable energy capacity has now climbed to 226.74 GW, representing a 17.1% year-on-year increase. Solar energy has been the primary growth engine, showing an impressive 31.5% rise to reach 110.83 GW.

Despite solar’s rapid advancement, wind power continues to provide essential diversification and stability within India’s renewable energy framework.

Policy Backing Fuels Wind Energy Expansion

Policy measures from the Indian government have played a decisive role in advancing wind energy. Initiatives like waiving inter-state transmission charges for renewable projects have significantly lowered operational costs, enhancing wind power’s attractiveness.

Further, Renewable Purchase Obligations (RPOs) mandate that power distributors acquire a specific share of their energy from renewable sources, maintaining steady demand for wind energy.

The sector’s openness to full foreign direct investment (FDI) has drawn international capital, which has been instrumental in scaling wind energy initiatives. Additionally, the Union Budget’s 53% increase in renewable energy allocations has added further momentum to project development.

Future Targets and Offshore Wind Potential

India aims to achieve 500 GW of renewable energy capacity by 2030, with wind energy expected to contribute 100 GW. Offshore wind installations are set to play a significant part in this expansion, supported by India’s extensive coastline and favorable wind profiles.

However, the development of offshore wind farms will require heavy investments in port upgrades, grid infrastructure, and specialized offshore equipment.

Environmental Benefits and Energy Independence

Wind power is integral to India’s strategy for lowering greenhouse gas emissions and cutting reliance on coal-powered plants. This transition supports the country’s climate commitments and is likely to result in cleaner air and healthier urban environments.

At the same time, expanding renewable energy reduces the nation’s dependency on expensive imported fossil fuels, strengthening India’s energy autonomy.

Promising Outlook for India’s Wind Sector

The outlook for wind energy in India remains highly positive, bolstered by proactive policy support, growing investor interest, and the national commitment to renewable expansion. The sector is also contributing to employment growth in areas like equipment manufacturing, logistics, construction, and project maintenance.

Wind energy is expected to retain its central role in India’s renewable roadmap, supporting the creation of a sustainable, affordable, and low-emission energy system.

Conclusion

India’s wind energy capacity rose by 10.5% in the past year, reaching 51.5 GW. This progress, driven by favorable government policies, robust investments, and aggressive renewable targets, solidifies the importance of wind power in India’s green energy transformation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Port of Los Angeles Records Significant Drop in Imports Due to U.S. Tariff Impact

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Market News - June 16, 2025

India's Defence Sector Transforms: 11 Years of Strategic Growth and Self-Reliance

India’s Defence Sector Transforms: 11 Years of Strategic Growth and Self-Reliance

With a focus on self-reliance, military modernization, and record-breaking exports, India’s defence capabilities have witnessed unprecedented transformation since 2014.

A Decade of Defence Reform: How India Reinvented Its Military Power

Over the past 11 years, the Narendra Modi-led central government has reshaped India’s defence landscape with a strong emphasis on indigenous production, technological advancement, and strategic modernization. The transformation has not only strengthened the nation’s ability to secure its borders but has also positioned India as an emerging global arms exporter. From conducting high-profile counter-terrorism missions to enhancing the role of women in the armed forces, the journey has been both dynamic and impactful.

Historic Surge in Defence Production

One of the most notable achievements has been the tremendous increase in defence manufacturing. Beginning in 2014, India’s domestically-driven defence manufacturing sector has expanded exponentially—climbing 174% to achieve an unprecedented output of ₹1.27 lakh crore by the end of FY 2023–24. This leap has been largely fueled by the government’s focus on boosting in-house research, local manufacturing, and policy reforms that promote indigenous capabilities under the “Make in India” initiative.

Defence Exports Break Global Barriers

Transitioning from a legacy of dependence on overseas military supplies, India has redefined its position by becoming a key contender in the international defence export landscape. By FY 2024–25, India’s outbound defence trade had escalated to ₹23,622 crore—representing a 34-times leap, driven by robust industrial growth and deepening global defence partnerships. Today, India supplies arms and defence systems to over 85 countries—including strategic partners such as the United States, France, and Armenia—demonstrating the growing credibility of Indian-made military hardware.

Indigenous Systems at the Forefront

The government’s push for self-reliance has led to the successful deployment of several homegrown defence platforms. These include the Akash missile defence system, BrahMos supersonic cruise missiles, loitering munitions, and the Light Combat Helicopter (LCH) Prachand. Advanced projects like the Advanced Medium Combat Aircraft (AMCA) also reflect India’s ambitions in next-gen warfare technologies. Notably, these systems were employed during recent military operations such as Operation Sindoor, reinforcing their tactical value and reliability.

Defence Corridors: Powering the Ecosystem

To strengthen the nation’s defence manufacturing ecosystem, the government has developed specialized defence hubs in Uttar Pradesh and Tamil Nadu. Together, these zones have attracted confirmed investments of over ₹8,658 crore and signed 253 Memorandums of Understanding (MoUs), which represent a potential future investment of ₹53,439 crore. These corridors aim to create a robust defence ecosystem by involving private industry, startups, and academic institutions.

Military Modernisation and Structural Reforms

Significant policy and structural changes have been introduced to modernize the armed forces:

• Revamped Acquisition Framework: The Defence Procurement Process has been restructured to give precedence to Indian manufacturers, encouraging homegrown innovation and indigenous sourcing.
• Unified Command Structure: The establishment of the Chief of Defence Staff (CDS) post has led to improved inter-service coordination, streamlining strategic planning.
• Theatre Command Model: Efforts are underway to implement theatre commands, a unified approach to military operations that ensures optimal use of resources and enhances operational synergy.

Women in Uniform: A Progressive Shift

Over the past ten years, the presence of women in the armed forces has grown significantly, marking a notable shift in gender inclusion. The number of female officers has tripled, now exceeding 11,000. In another progressive move, 507 women officers have been granted permanent commission, allowing them to pursue long-term careers in the services, marking a critical step toward gender equality in India’s military establishment.

Enhanced National Security and Counter-Terrorism

India’s defence reforms have been equally focused on countering external and internal threats:

• Surgical Strikes (2016): In response to the Uri attack, Indian forces conducted targeted operations across the Line of Control in Pakistan-occupied Kashmir, demonstrating a decisive and assertive defence posture.
• Operation Sindoor (2024): Following a deadly terrorist attack in Pahalgam, Jammu & Kashmir, Indian forces launched a powerful retaliatory mission named Operation Sindoor. The operation targeted militant bases in Pakistan and POK, utilizing indigenous technology to deliver a strong message on India’s zero-tolerance approach to terrorism.

Looking Ahead: Goals and Challenges

While notable progress has been made, the road ahead involves key challenges and ambitious targets:

• Strategic Export Goal: By 2029, the government envisions surpassing ₹50,000 crore in defence export value, positioning India as a major force in the international weapons trade.
• R&D Investment: There is an urgent need to increase funding for research and development in cutting-edge military technologies. Deepening indigenous innovation is essential for maintaining global competitiveness and achieving full strategic autonomy.

Final Thoughts

In just over a decade, India’s defence sector has transitioned from import dependency to self-sufficiency, supported by rapid manufacturing growth, soaring exports, and robust policy reforms. Strategic initiatives such as Operation Sindoor, establishment of defence corridors, and the modernization of armed forces highlight a clear intent to secure national interests while expanding India’s role in the global defence economy.

With future plans centered around enhanced exports and deeper R&D, the foundation laid over the past 11 years could shape India into a formidable defence power. The journey so far reflects not just policy execution but also a long-term strategic vision aimed at national security, economic strength, and technological sovereignty.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Foreign Investors Pump Over ₹3,300 Crore into Indian Equities Amid RBI Rate Cut

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FPIs Pour Inflows in June, Pull Back in Early July: What’s Driving the Volatility?
Market News - June 16, 2025

Foreign Investors Pump Over ₹3,300 Crore into Indian Equities Amid RBI Rate Cut

Foreign Investors Pump Over ₹3,300 Crore into Indian Equities Amid RBI Rate Cut

Optimism grows as RBI’s surprise rate cut boosts investor sentiment, but June’s overall FPI trend still shows a net outflow

Foreign Investments Surge on Policy Boost

During the prior week, India’s equity markets witnessed a strong influx of global funds, with foreign portfolio investors injecting ₹3,346.94 crore into stocks. This sudden uptick in investments came in the wake of the Reserve Bank of India’s unexpected decision to slash interest rates—injecting fresh optimism across the markets.

According to figures released by the National Securities Depository Limited (NSDL), foreign portfolio investors (FPIs) turned bullish on Indian stocks, Motivated by the Reserve Bank of India’s recent policy direction focused on boosting economic momentum by making credit more affordable.

RBI’s Surprise Move Spurs Investor Confidence

In its June review, the Monetary Policy Committee (MPC) surprised the markets by announcing an unanticipated 50 basis point cut in the repo rate, bringing it down to 5.5%. This aggressive rate reduction signaled a dovish outlook and was seen as a move to stimulate economic activity and liquidity.

This development boosted investor confidence, both domestic and international, as it implied improved profitability for Indian corporates and a supportive environment for capital markets. The policy shift not only influenced sentiment positively but also provided FPIs a reason to increase exposure to Indian equities.

June’s Net Investment Still in the Red

Although last week recorded promising capital inflows, the cumulative foreign portfolio investment in equities for June continues to reflect a net outflow. According to data released by the NSDL, foreign portfolio investors have withdrawn a total of ₹5,402 crore from Indian equities since the beginning of this month.

The substantial withdrawal of ₹3,275.76 crore on Friday—the final trading day of the week—dented the net weekly gains. This outflow trimmed the cumulative investment for the week, offsetting the earlier optimism and reflecting cautious investor behavior ahead of global economic events and domestic earnings data.

Volatility Persists Despite May’s Strong Performance

May had painted a different picture altogether. May stood out as the peak month for overseas portfolio activity in 2025, recording a remarkable ₹19,860 crore in net capital inflows—the highest so far this year. This remarkable performance was attributed to favorable global cues, strong earnings by Indian companies, and steady macroeconomic indicators.

However, investor activity in the first quarter of the calendar year reflected a more volatile trend. In March, overseas investors pulled out ₹3,973 crore from Indian equities, adding to the substantial capital flight seen in the first two months of the year, when January and February witnessed hefty withdrawals of ₹78,027 crore and ₹34,574 crore respectively—underscoring a marked decline in foreign investment during the initial quarter.

The stark fluctuations in capital flow highlight the global nature of investor sentiment, influenced by factors ranging from U.S. Federal Reserve decisions and geopolitical tensions to local inflation numbers and policy measures.

Monetary Easing and Market Response

The RBI’s latest policy action is a part of its broader monetary easing strategy aimed at balancing inflation control with the need to accelerate growth. With inflation appearing to be on a moderate trajectory and industrial growth indicators needing support, the central bank’s move was well-received in most financial circles.

The positive response from foreign investors in the immediate aftermath of the rate cut reinforces the close linkage between monetary policy and equity market performance. Lower interest rates generally improve corporate profitability, reduce cost of capital, and boost consumption—all of which act as catalysts for higher stock valuations.

What Lies Ahead for Foreign Capital?

While the recent rate cut has ignited short-term optimism, the broader picture for foreign investment remains mixed. FPIs continue to assess risks around global recessionary trends, volatile commodity prices, and central bank actions in developed economies.

Moreover, the net outflows in June suggest that investor caution hasn’t entirely subsided. While some funds are re-entering the Indian market, others are adopting a wait-and-watch approach, looking for more clarity on macroeconomic stability and long-term growth projections.

In the coming weeks, market watchers expect foreign investment activity to remain influenced by domestic earnings releases, upcoming monsoon forecasts, and any hints from the RBI regarding future rate actions.

Final Thoughts

Last week’s inflow of ₹3,346.94 crore from FPIs into Indian equities highlights the renewed investor confidence following the Reserve Bank of India’s decision to reduce the repo rate. While this move temporarily reversed the bearish trend seen in the month of June, overall foreign portfolio investment remains in negative territory for the month so far.

Despite the recent boost, the volatility in foreign fund movements suggests that market sentiment remains fragile. While May saw robust FPI participation, the outflows earlier this year—and now again in June—underline the importance of stable macroeconomic signals and continued policy support.

Looking forward, sustained FPI interest will depend on how the Indian economy performs in the face of global headwinds and whether the RBI’s accommodative stance yields long-term benefits for the corporate sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Kellton Tech Unveils Stock Split, ₹69.3 Crore Fundraise to Boost Growth

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Kellton Tech Unveils Stock Split, ₹69.3 Crore Fundraise to Boost Growth

Kellton Tech Unveils Stock Split, ₹69.3 Crore Fundraise to Boost Growth

After soaring over 700% in five years, Kellton Tech proposes a 1:5 stock split and strategic fundraising to enhance shareholder value.

Strategic Move: Stock Split Announced After Multibagger Run

Kellton Tech Solutions, a prominent player in India’s IT and digital services sector, has unveiled a significant corporate move following its stellar five-year stock performance. After delivering an impressive 742% return over that period, the company has proposed a stock split in the ratio of 1:5 along with a ₹69.3 crore fundraising plan through convertible warrants. These plans are set to be presented for approval during the Extraordinary General Meeting slated for July 11, 2025.

The primary aim of this strategic initiative is to increase the liquidity of its shares on the market and attract broader participation from smaller and retail investors. As outlined in filings with stock exchanges, the split will divide each existing ₹5 share into five equity shares of ₹1 each, fully paid-up. This move is expected to lower the stock’s face value, making it more affordable for a larger pool of investors.

The company emphasized that while the number of shares in circulation will rise, the authorised share capital of ₹60 crore will remain unchanged. Following the stock split, the count of authorised equity shares will expand fivefold, rising from 12 crore to a total of 60 crore shares.

Fundraising Plans: ₹69.3 Crore Through Convertible Warrants

In addition to the proposed stock split, Kellton Tech has greenlit a capital infusion plan involving the issuance of up to 55 lakh convertible warrants at ₹126 apiece. These warrants—featuring a ₹5 nominal value and a ₹121 premium—are set to be allocated preferentially to selected promoter and non-promoter stakeholders.

The proposed capital raise, pending regulatory and shareholder approvals, is designed to strengthen the company’s financial base and support growth initiatives. Once converted into equity shares, the issuance will also lead to a slight increase in promoter and select investor holdings.

One of the key promoter entities, Matnic Finvest LLP, is set to see its holding in Kellton Tech increase from the current 35.74% to around 38.20% after conversion. For non-promoter participants, Karanjit Singh’s ownership is poised to increase from 0.10% to 0.77%, whereas Srinivas Potluri’s shareholding is set to expand from 0.34% to 0.62%.

Performance Snapshot: Remarkable Growth Amid Market Volatility

Over the past few years, Kellton Tech Solutions has emerged as a standout performer in the IT sector, attracting significant attention from investors in the mid-cap and small-cap spaces. Despite the broader market’s ups and downs, the company’s stock has seen a 30% increase over the last year alone.

However, like many small-cap stocks, Kellton Tech’s journey has not been without fluctuations. The stock touched a 52-week low of ₹95.05 on April 7, 2025, contrasting with its 52-week high of ₹184.30 achieved on July 15, 2024. Despite market fluctuations, Kellton Tech continues to hold its multibagger reputation, with its latest strategic moves reflecting a clear focus on sustaining upward momentum.

Strategic Intent: Building Market Appeal and Long-Term Strength

Kellton Tech’s latest announcements reflect a broader strategy aimed at strengthening its market presence and enhancing investor engagement. Stock splits are often seen as positive developments because they reduce the per-share price, making the stock more accessible to retail investors. By boosting share liquidity, Kellton Tech hopes to draw increased attention from individual investors seeking opportunities in high-growth segments.

The preferential issue of warrants further indicates the management’s confidence in the company’s future potential. By providing select investors—both promoters and institutional backers—with a pathway to greater ownership, the company is signaling that it expects continued upward momentum.

The fundraising also equips Kellton Tech with additional capital to potentially expand its technological offerings, invest in global delivery capabilities, or pursue new strategic ventures. The detailed plans for capital deployment are expected to be outlined following the shareholder approval process.

Market Reaction and Shareholder Outlook

Investors, market participants, and institutional stakeholders will be closely watching the outcomes of the EGM on July 11, 2025. The approval of these proposals could significantly influence Kellton Tech’s near-term trading dynamics and long-term structural position in the IT sector.

It’s also noteworthy that the increase in promoter stake may strengthen confidence in Kellton Tech’s leadership, aligning shareholder interests with the management’s growth ambitions. However, the issuance of warrants does introduce some potential dilution, a factor that will be weighed against the anticipated benefits of future growth and capital infusion.

Final Thoughts

By announcing a 1-for-5 stock division alongside a ₹69.3 crore capital infusion plan, Kellton Tech Solutions signals its commitment to enhancing long-term investor wealth. The multibagger’s remarkable journey of over 700% returns over the past five years has already caught the market’s attention, and these corporate actions are poised to further enhance its appeal.

With a growing retail investor focus, increased liquidity, and a fresh infusion of funds, Kellton Tech is positioning itself to capitalize on its upward trajectory. Shareholders will soon have the final say at the EGM, determining how soon these changes come into effect. Once sanctioned, these initiatives are expected to accelerate Kellton Tech’s expansion trajectory and fortify its standing within India’s dynamic IT sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Mahindra Plans Hybrid Versions for BE.6 and XEV 9e to Broaden EV Strategy

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