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RVNL Wins ₹143 Crore Southern Railway Contract!
business update, Equities - July 7, 2025

RVNL Wins ₹143 Crore Southern Railway Contract!

RVNL Wins ₹143 Crore Southern Railway Contract!

Rail Vikas Nigam Limited has secured an order for electric traction upgrades valued at ₹143.37 crore, contributing to Indian Railways’ goal of improving freight capacity on important routes.

Summary:
Rail Vikas Nigam Limited (RVNL) has received a ₹143.37 crore contract from Southern Railway for upgrading its electric traction system on vital freight corridors in Tamil Nadu. This domestic order adds to RVNL’s robust ₹1 lakh crore order book and reinforces its leadership in India’s rail infrastructure modernisation.

Rail Vikas Nigam Limited (RVNL), one of India’s leading railway infrastructure public sector enterprises, has added yet another prestigious contract to its steadily growing portfolio. The Navratna PSU announced that it has received a Letter of Award (LOA) from Southern Railway for the upgradation of the electric traction system across crucial sections of the Salem division. The awarded contract, valued at ₹143,37,87,127.90 (approximately ₹143.37 crore), will cover the Salem Junction to Podanur Junction section as well as the Irugur to Coimbatore Junction and Podanur Junction corridors.
The scope of work involves upgrading the existing 1×25 kV traction system to a more advanced 2×25 kV traction system. This move is strategically aimed at meeting a freight loading target of 3,000 metric tonnes, reflecting Indian Railways’ ambition to increase the efficiency, safety, and capacity of its high-traffic freight routes.
The project is scheduled for completion within 24 months, which aligns with Indian Railways’ broader push toward modernising its high-density routes to support faster, cleaner, and more reliable goods transport.

Significance of the Project
This traction system upgrade is critical for handling higher axle loads and meeting the demands of increased freight traffic. The 2×25 kV system is known for providing better voltage regulation, reducing energy losses, and supporting longer and heavier trains — all key requirements for efficient goods movement across industrial and logistics hubs in Tamil Nadu.
As India aims to achieve its ambitious growth targets under the National Rail Plan, investments in traction upgradation are central to enhancing the country’s transport backbone. By implementing this higher-capacity traction system, Southern Railway can ensure better operational efficiency and reduced downtime, which is vital for industries depending on consistent and timely freight services.

About Rail Vikas Nigam Limited
Established in 2003 by the Government of India, Rail Vikas Nigam Ltd has carved out a niche as a specialist rail infrastructure developer. Granted Navratna status, RVNL has delivered consistent performance over the last two decades and has emerged as one of the cornerstones of India’s railway modernisation efforts.
The company reported an impressive 21% compounded annual profit growth over the last five years, driven by its execution capabilities, project management excellence, and focus on time-bound delivery. RVNL has also rewarded its shareholders handsomely, maintaining a robust dividend payout of 33.4%, reflecting strong corporate governance and a commitment to value creation.
As of March 31, 2025, the company boasts an extraordinary order book of ₹1,00,000 crore, spanning diverse projects that include railway lines, metro systems, station redevelopment, and even international projects. Its healthy order pipeline provides substantial revenue visibility and underlines investor confidence in the company’s capabilities.

Why This Order Matters for RVNL
The fresh contract from Southern Railway not only adds to RVNL’s already enviable ₹1 lakh crore order book but also strengthens its position in a critical segment of Indian Railways’ infrastructure. Traction upgrades are at the heart of Indian Railways’ modernisation plans, which target a seamless transition to high-speed, high-capacity operations across the country.
By executing such projects, RVNL demonstrates its technical expertise in complex electrical and civil engineering works, which bodes well for future opportunities, both domestic and overseas. With a proven record of delivering electrification and signalling upgrades on schedule, RVNL is strategically placed to benefit from upcoming tenders as Indian Railways continues to roll out its ambitious infrastructure pipeline.

Implications for Indian Railways
Southern Railway’s decision to modernise the Salem–Podanur–Coimbatore section with a 2×25 kV system is a testament to Indian Railways’ commitment to high-throughput freight corridors. Tamil Nadu, with its thriving manufacturing and export industries, relies heavily on rail for moving bulk commodities, consumer goods, and industrial inputs.
The upgraded traction system is expected to enhance train handling capacity, improve turnaround times, and support the loading targets of up to 3,000 metric tonnes. These improvements are aligned with Indian Railways’ vision to shift more freight from road to rail, a greener, safer, and more cost-efficient alternative that supports the country’s carbon reduction goals.

Looking Ahead
With projects like this in its portfolio, RVNL is poised to be a key player in India’s transportation transformation story. Industry observers expect that the company will continue to gain momentum as the Indian government increases its capex allocations toward rail and metro infrastructure.
Furthermore, RVNL’s strong execution record, healthy financial profile, and diversified order book position it to deliver consistent growth while supporting India’s broader goals of becoming a $5 trillion economy in the coming years.

Conclusion
The ₹143.37 crore order from Southern Railway is more than just a contract win for Rail Vikas Nigam Limited; it is a strategic boost that underscores RVNL’s standing as a trusted partner in India’s infrastructure upgrade journey. The contract will help accelerate freight movement, improve power efficiency, and set new benchmarks for operational performance in one of the most economically significant rail divisions in the country.
For shareholders, stakeholders, and the millions of passengers and freight customers who depend on Indian Railways every day, projects like this are a strong signal that India is on track to build a faster, greener, and more efficient rail network for the future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Jio Set to Surpass Airtel in ARPU Growth!

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Oil Prices Slip as Investors Remain Cautious Over Possible U.S. Role in Iran-Israel Dispute
Market News - June 12, 2025

India Set to Double Natural Gas Usage by 2040, Says Regulatory Study

India Set to Double Natural Gas Usage by 2040, Says Regulatory Study

A fresh projection by PNGRB highlights a sharp rise in gas demand, fueled by cleaner energy adoption in vehicles, homes, and industrial sectors.

India’s Natural Gas Outlook: A Decade of Rapid Growth Ahead

India is poised for a significant leap in natural gas usage over the next two decades, according to a fresh assessment from the Petroleum and Natural Gas Regulatory Board (PNGRB). The study anticipates that the country’s daily gas consumption will increase by nearly 60% by 2030 and more than double by 2040 compared to current levels.

This anticipated rise is closely tied to expanded adoption of compressed natural gas (CNG) for transportation, greater household usage through piped gas networks, and increased reliance on gas across various industrial processes.

Projected Demand: A Look at the Numbers

According to a recent assessment by the Petroleum and Natural Gas Regulatory Board (PNGRB), India is utilizing approximately 187 million standard cubic metres of natural gas each day during the fiscal year 2023–24. Under the ‘Good-to-Go’ scenario — which presumes stable growth in line with existing policies and trends — demand is forecasted to reach 297 mmscmd by 2030. The upward trajectory is expected to persist through the next decade, with daily natural gas usage anticipated to reach 496 million standard cubic metres by the year 2040.

In a more optimistic scenario dubbed ‘Good-to-Best’, which factors in accelerated reforms, improved policy execution, and greater investments, the demand outlook is even stronger — growing to 365 mmscmd by 2030 and soaring to 630 mmscmd by 2040.

Clean, Affordable, and Growing: Why Gas is Gaining Ground

The report emphasizes that natural gas stands out as a clean, economical, and practical energy source when compared to other fossil fuels. As India’s overall energy requirements continue to climb, natural gas is being positioned as a key transitional fuel, especially important in the country’s journey towards its net-zero emission target by 2070.

The government has set a goal to raise the share of natural gas in the national energy mix to 15% by 2030 — more than double the current share of approximately 7%. This effort supports India’s shift from high-emission fuels to more sustainable options.

City Gas Distribution to Lead the Demand Curve

City Gas Distribution (CGD), which includes supplying CNG to vehicles and piping gas into residential kitchens and industrial units, is expected to be the biggest growth driver. The sector currently consumes around 37 mmscmd, but this is projected to rise significantly, hitting over 87 mmscmd by 2030.

By that time, CGD is forecasted to overtake the fertilizer sector to become the largest consumer of natural gas, contributing nearly 29% to total demand in 2030 and a substantial 44% by 2040.

Sectoral Trends: Fertilizer, Power, and Refining

While CGD will see the sharpest growth, other sectors are expected to show moderate increases. At present, the fertilizer sector stands as the top consumer of natural gas, using 58 million standard cubic metres daily—a figure anticipated to climb to 65.3 mmscmd by 2030 and further to 72.9 mmscmd by 2040. However, with no major new fertilizer plants planned in the near future, this growth will be gradual.

Natural gas usage in electricity generation is forecast to expand from the present level of 25.2 million standard cubic metres per day to 35.7 mmscmd by 2030, reaching 43.5 mmscmd by 2040. Meanwhile, refineries and petrochemical industries are also on track for a sharp uptick in demand—rising from 22 mmscmd currently to 43.3 mmscmd by 2030—fueled by a growing focus on integrating petrochemical operations.

LNG to Play a Critical Role in Bridging Demand

As India’s domestic gas production may not keep pace with the accelerating demand, the country is expected to lean heavily on imports of liquefied natural gas (LNG). The report indicates that LNG imports will more than double by 2030 to close the demand-supply gap.

Post-2030, LNG is also expected to carve a niche in the long-haul transport sector. With the potential to significantly reduce dependence on diesel, LNG trucks may follow a growth trajectory similar to that of China’s success in reducing diesel reliance. Emerging global LNG supply dynamics indicate promising prospects for securing extended-term agreements and maintaining steady pricing over time.

Final Thoughts

India’s energy landscape is set for a major transformation, with natural gas emerging as a key player in the country’s transition to cleaner fuels. Backed by favorable policies, rising urban demand, and strong industrial uptake, gas consumption is projected to increase substantially over the next 15 years.

As city gas networks drive demand and LNG fills the shortfall, natural gas is poised to play a central role in advancing India’s transition to cleaner energy. Moderate expansion in the fertilizer, power, and refining sectors further supports this upward trajectory.

The PNGRB study outlines a clear path: if policies remain supportive and investments continue to flow, India can look forward to a robust, gas-powered future that aligns with its environmental commitments and growing energy needs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Paras Defence Declares Stock Split Amid Shareholding Shift

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Adani Enterprises to Roll Out ₹1,000 Crore NCD Issue with Up to 9.30% Returns
business update - June 12, 2025

Adani Group Sets Ambitious ₹2.5 Trillion Growth Target Over Five Years

Adani Group Sets Ambitious ₹2.5 Trillion Growth Target Over Five Years

With an eye on infrastructure, energy, and metals, Adani Group plans major investments and restructuring while managing debt and long-term capital needs.

Ambitious ₹2.5 Trillion Blueprint for Growth

Adani Group is preparing for a major investment cycle, targeting nearly ₹2.5 trillion in funding over the next five years. This initiative is part of its larger $100 billion capital outlay aimed at strengthening core operations and refinancing substantial maturing debt.

The funding will primarily support two objectives: continuous capital expenditure for business expansion and refinancing existing liabilities. Approximately ₹1.6 trillion of debt is set to mature between FY26 and FY30, prompting the group to secure funds through a mix of internal cash flows and fresh borrowings.

The conglomerate is strategically allocating funds across its flagship sectors to ensure continued dominance and financial stability as part of a broader, future-ready vision.

Core Operational Focus: Power and Infrastructure

Sagar Adani, Executive Director at Adani Green Energy and a prominent leader within the group, reaffirmed that Adani Group’s operational strength rests on two central verticals: energy utilities and infrastructure development.

These two pillars form the base around which the rest of the group’s diversified businesses are structured. According to Adani, this focused approach grants the group a significant cost advantage—particularly visible in sectors like cement, where costs for energy, transportation, and raw materials form a major part of overall expenses.

The group leverages its expansive logistics network and energy capabilities to streamline operations across its business verticals, translating to improved efficiency and competitive pricing.

Expanding into Metals and Clean Energy

The Adani Group is also aggressively pursuing growth in metals and renewable energy, aligning with both global trends and national priorities. A key milestone in this direction has been the inauguration of a 0.5 MTPA copper smelter at Mundra, which is expected to double its capacity to 1 MTPA in the near future. The facility relies on imported copper concentrate, primarily sourced from Chile.

In addition, the group is eyeing bauxite mining projects to secure raw material for aluminium production. These operations are expected to benefit from the group’s ability to deliver cost-effective and scalable energy solutions—essential for high-consumption industries like metals.

Strategic Moves in Airports and Cement

Two pivotal restructuring initiatives are on the cards that could significantly alter the group’s business landscape.

Airports Business Demerger

Adani currently manages eight airports, including major hubs in Mumbai and Ahmedabad. These assets, currently housed under Adani Enterprises, are expected to be spun off into a separate listed entity by FY28. This move aims to offer better operational clarity and unlock value for shareholders.

Cement Sector Integration

The group’s holdings in multiple cement companies—such as Ambuja Cements, ACC, Sanghi, Orient, and Penna—are being steered toward eventual consolidation. A merger of these entities is likely to occur within 18 months after their operational integration is completed, enhancing scale, synergy, and financial maneuverability.

Both initiatives reflect the group’s efforts to streamline its holdings and optimize business efficiency across major verticals.

Diversified Risk and Debt Management Strategy

Despite its sprawling business interests, Adani Group claims it has implemented a risk-balancing approach. No single asset reportedly contributes more than 9% to the group’s total EBITDA, indicating a wide base of income sources and reduced exposure to individual asset performance.

However, with ₹1.6 trillion in debt set to mature within five years, a robust refinancing plan is crucial. The group plans to rely partly on internal accruals but will also raise additional capital to meet its obligations and fuel expansion efforts.

This balancing act—between aggressive growth and prudent fiscal management—will be central to maintaining investor confidence and financial health.

Navigating Controversy: Allegations and Recovery

The group’s bold expansion strategy unfolds in the backdrop of serious allegations that emerged last year. Gautam Adani and Sagar Adani were cited in legal documents filed in the United States concerning accusations of corruption and misconduct tied to solar power agreements. The claims pointed to over $250 million in bribes paid to Indian officials to secure deals.

Adani Group has strongly denied the accusations and pledged to defend itself through legal channels. Despite the controversy and resulting market volatility—including stock declines and increased regulatory scrutiny—the group remains undeterred in its long-term vision.

The recent capital strategy reinforces its intent to look beyond short-term hurdles and push forward with transformative projects across sectors.

Final Thoughts

By setting a ₹2.5 trillion capital goal, Adani Group is laying the financial groundwork to emerge as a transformative powerhouse in the realms of infrastructure and sustainable energy for the years ahead. The proposed investment will support key areas such as renewable energy expansion, metal production capacity, and operational enhancements in airports and cement.

The group’s focus on its foundational sectors—energy and logistics—continues to guide its growth philosophy. At the same time, it is embracing structural realignments, including business spin-offs and mergers, to improve transparency and value delivery.

Even as it navigates legal challenges and financial scrutiny, Adani’s capital roadmap reflects a clear intention to build a future-oriented, resilient conglomerate. The next five years will be pivotal in shaping the group’s position both domestically and globally.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Eternal Ltd. Shares Climb Following ₹156 Crore Block Deal

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Waaree Energies Surges Over 11% on FTSE Index Inclusion Buzz
business update - June 12, 2025

Nyati Engineering awards ₹1.32 crore project to Power & Instrumentation.

Nyati Engineering awards ₹1.32 crore project to Power & Instrumentation.

Power & Instrumentation (Gujarat) Ltd (PIGL), a prominent player in the electrical equipment and contracting sector, has recently bagged a significant new order. The company has been awarded a contract worth ₹1,32,74,718, including GST, from Nyati Engineering & Construction Pvt Ltd. This new order is part of the ongoing development at the Udaipur Air Terminal in Rajasthan and marks another milestone in PIGL’s expanding portfolio.

Details of the New Contract

The fresh order entails comprehensive work covering the design, supply, installation, testing, and commissioning of Extra Low Voltage (ELV) raceways and cable trays. These components are crucial for electrical installations, especially in large infrastructure projects like airports where safety and efficiency are paramount. The company is expected to complete this project within six months, indicating a prompt execution timeline that aligns with PIGL’s reputation for timely delivery.

This order is part of a series of contracts PIGL has secured from Nyati Engineering for the Udaipur Air Terminal project. The total value of orders bagged by the company for this project now stands at approximately ₹52.43 crore, demonstrating its growing association and trust with Nyati Engineering & Construction Pvt Ltd.

Robust Order Book and Growing Business Opportunities

As of March 31, 2025, Power & Instrumentation boasts a robust order book valued at nearly ₹400 crore. This extensive order pipeline ensures strong revenue visibility for the upcoming financial periods. The new contract further strengthens this position, reflecting the company’s ability to consistently attract and secure new projects.

The consistent addition of fresh orders indicates the company’s competitive edge and its growing expertise in the field of electrical and EPC (Engineering, Procurement, and Construction) contracting. Power & Instrumentation is gradually establishing itself as a reliable player in infrastructure-related electrical works, particularly in specialized sectors like airport development.

A Legacy of Excellence and Strong Market Position

Since its establishment in 1975, Power & Instrumentation (Gujarat) Ltd has consistently developed a strong market presence and earned industry-wide recognition over the years. The company has successfully executed more than 35 airport-related projects across the country. Its diversified project experience spans public electrification, airport systems, and other critical infrastructure.

In addition to its airport work, PIGL has completed the electrification of over 100,000 Below Poverty Line (BPL) homes and has laid more than 20,000 kilometers of HT (High Tension) and LT (Low Tension) electrical lines. This diverse experience underlines the company’s capability to manage large-scale and technically demanding projects.

Financial Performance Overview

The company’s financial performance for FY25 has been solid. Power & Instrumentation reported total revenues of ₹171.28 crore for the year ending March 31, 2025. It posted an EBITDA of ₹19.59 crore and achieved a net profit of ₹11.75 crore, reflecting healthy profitability and efficient cost management.

These financial figures highlight the company’s ability to grow its business sustainably while maintaining a focus on operational efficiency. A steady net profit margin also indicates a well-managed balance sheet and prudent financial planning.

Positive Stock Performance and Investor Confidence

Power & Instrumentation’s stock has performed impressively in the past year. The company’s shares have soared by over 136% from its 52-week low of ₹69.50, reflecting growing investor confidence. The stock also recently touched its upper circuit limit following the announcement of another ₹6.25 crore order related to the same Udaipur Air Terminal project.

The sharp rise in stock prices suggests that the market views the company’s future prospects positively, likely due to its consistent order wins and a strong project execution track record. This upward trend reinforces the company’s credibility and positions it as a potentially attractive investment opportunity in the electrical contracting space.

Strategic Positioning in a Growing Sector

India’s ongoing infrastructure boom, with significant focus on airport modernization and expansion, creates a fertile ground for companies like Power & Instrumentation. The government’s increased push for aviation connectivity through projects like the UDAN scheme is generating substantial demand for airport-related electrical and civil works.

The company’s specialization in airport electrical projects, coupled with its experience in handling complex ELV systems, places it in an advantageous position to capitalize on these emerging opportunities. By securing repeat orders from prominent clients, PIGL is solidifying its position as a trusted and capable player in the industry.

Conclusion

The latest order from Nyati Engineering not only adds to Power & Instrumentation’s already impressive order book but also reinforces its standing in the specialized airport infrastructure segment. With solid financials, a strong growth trajectory, and increasing investor interest, Power & Instrumentation (Gujarat) Ltd seems well-poised to sustain its upward momentum in the coming quarters.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Talbros Automotive Components Accelerates to New Highs on ₹580 Crore Order Win

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Hitachi Energy India’s Share Price Skyrockets Over 124,000% in Five Years
Market News - June 10, 2025

SPML Infra Shares Surge as Company Eyes 50% Growth in FY26

SPML Infra Shares Surge as Company Eyes 50% Growth in FY26

SPML Infra has caught the market’s attention after its management shared strong growth expectations for the next financial year. The company is aiming for a 50% increase in both revenue and net profit for FY26, driven by a healthy order book and its strategic entry into the fast-growing battery energy storage space.

Stock Rises on Positive Growth Outlook

SPML Infra’s stock price jumped over 10% after the company announced its aggressive growth plan. The shares hit an intraday high of ₹209.65, eventually closing at ₹205.45, compared to the previous day’s close of ₹190.45. This surge in stock price also pushed the company’s market capitalization to approximately ₹1,460 crore.

The price rally was supported by strong trading volumes, reflecting rising investor confidence in the company’s future prospects.

Strong Order Book Provides Revenue Visibility

The company’s management highlighted that SPML Infra currently has an active order book of ₹3,000 crore. This solid backlog will serve as a key revenue driver in the coming quarters, giving the company a solid base to achieve its projected growth.

With orders coming from both traditional infrastructure and new sectors, the company is well-positioned to maintain steady cash flows and improve profitability.

Margin Expansion a Top Priority

SPML Infra is not just focused on growing revenue—it also aims to significantly improve its profit margins. Management shared that while older projects have operating margins of around 4-5%, newer projects are expected to deliver margins in the 10-15% range.

A major contribution to this improvement is expected from the company’s push into the Battery Energy Storage Systems (BESS) market, where higher margins of over 15% are achievable.

Entering the Energy Storage Sector

SPML Infra is expanding its business by stepping into the promising battery energy storage sector, which is gaining rapid importance as part of India’s renewable energy transition.

The company has outlined an investment of ₹175 crore in this sector, which will be deployed in multiple stages. Importantly, the entire investment will be funded by promoters, reducing the burden on the company’s balance sheet.

To enhance its capabilities, SPML Infra recently secured advanced battery storage technology from Energy Vault for ₹33 crore (approximately $4 million). This acquisition is expected to give SPML Infra a competitive edge in this emerging market.

Strong Position in Water Infrastructure

While diversifying into energy storage, SPML Infra continues to solidify its leadership in the water management sector. Over time, SPML Infra has successfully delivered significant projects for notable clients such as the Delhi Jal Board, Jal Jeevan Mission, the National Mission for Clean Ganga, PHED Rajasthan, and others.

The company remains committed to securing large-scale water projects, with management expecting to bid for contracts worth ₹3,000–₹5,000 crore every year.

Aggressive Bidding Plans

SPML Infra is actively pursuing new project opportunities. The company’s current bidding pipeline is valued at over ₹9,000 crore. Of this, management is aiming to win ₹1,500–₹2,000 crore worth of projects specifically in the battery energy storage space.

This aggressive approach highlights the company’s ambition to grow quickly and diversify its revenue streams across high-growth sectors.

Recent Financial Performance

In the fourth quarter of FY25, SPML Infra reported revenue of ₹189 crore, which was lower than ₹461 crore in the same quarter of the previous year. However, the company posted a net profit of ₹12 crore in Q4 FY25, a strong recovery from the ₹4 crore loss reported in Q4 FY24.

SPML Infra maintains a solid financial position, reflected in its debt-to-equity ratio of 0.48, which suggests the company is operating with manageable debt levels. SPML Infra has reported a Return on Capital Employed (ROCE) of 8.9% and a Return on Equity (ROE) of 7.8%, indicating consistent and stable returns.

Financial Discipline in Focus

SPML Infra’s leadership has emphasized the importance of maintaining strict financial discipline. The company is committed to improving cash flows, ensuring timely project execution, and making efficient use of capital. These efforts will be essential to support its growth plans while keeping financial risks under control.

Key Points to Track

Investors should watch the following:

Achieving success in securing fresh contracts from the ₹9,000 crore worth of projects currently under bidding.

Progress in executing the ₹3,000 crore order book on time.

Expansion in the energy storage business.

Improvement in EBITDA margins.

Effective management of debt and working capital.

Conclusion

SPML Infra is aiming for a transformative year ahead. Backed by a solid project pipeline, expansion into energy storage, and a clear focus on profitability, the company is positioned for meaningful growth. If SPML Infra can deliver on its execution plans and win new contracts as expected, it could deliver substantial gains for investors in the coming quarters.

 

 

 

 

 

 

 

 

 

 

 

 

 

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RBI’s Surprise Rate Cut Sends Realty Stocks Tumbling: Is It Time to Reassess?

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L&T Launches India's First ESG Bonds, Raises ₹500 Crore!
business update - June 10, 2025

L&T Major Civil Work Order from JSW

L&T Major Civil Work Order from JSW

Larsen & Toubro to Execute Bhavali Pumped Storage Project

Larsen & Toubro (L\&T), one of India’s top engineering and construction firms, has received a major work order from JSW Energy for a large-scale infrastructure initiative in Maharashtra. The assignment involves the development of the Bhavali Pumped Storage Project (PSP), aimed at supporting India’s expanding clean energy grid. This new contract is a testament to L\&T’s proven ability in handling technically challenging civil construction works for energy infrastructure.

Project Location and Purpose

The Bhavali PSP will be situated across the districts of Nashik and Thane in Maharashtra. Once operational, the project will have a total energy capacity of 1,500 megawatts (MW). Its main goal is to improve power grid stability, particularly as the nation continues to add more renewable sources like solar and wind power, which produce variable outputs. Pumped storage systems act like giant batteries that balance power availability by storing energy during low-demand hours and releasing it when demand spikes.

Details of L\&T’s Role

As part of the agreement, L\&T’s Heavy Civil Infrastructure business will be in charge of a wide range of activities within the Bhavali project. The scope includes the construction of approach roads to the site, upper and lower reservoirs for water storage, underground tunnels and conduits to guide water flow, and a powerhouse structure built beneath the surface. This extensive scope reflects L\&T’s strength in managing highly complex civil engineering tasks under strict timelines and regulatory standards.

The Project’s Broader Significance

Pumped storage power stations such as Bhavali are key to strengthening the reliability of India’s electricity grid. With India’s rapid shift towards renewable energy, the role of storage facilities has become more important than ever. Projects like this one contribute directly to building a more sustainable and secure energy framework.

Financial Scale of the Contract

L\&T has identified this project as a “significant order,” which, based on its internal classification, suggests a value between ₹1,000 crore and ₹2,500 crore. This level of investment not only emphasizes the importance of the Bhavali project but also highlights the confidence JSW Energy places in L\&T’s technical capabilities. The contract further boosts L\&T’s growing portfolio in green energy and storage infrastructure.

Reinforcing Renewable Energy Infrastructure

This development aligns with national objectives to improve grid flexibility while scaling up renewable energy capacity. By handling all key civil works, L\&T will play a vital role in enabling clean energy distribution in Maharashtra and beyond. Their involvement in the Bhavali PSP is also expected to create employment, improve regional infrastructure, and contribute to India’s long-term decarbonization goals.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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SEBI Enables Transfer of Core SGF Between Segments

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Shree Cement and RITES Collaborate to Expand Rail Links
business update - June 3, 2025

Shree Cement and RITES Collaborate to Expand Rail Links

Shree Cement and RITES Collaborate to Expand Rail Links

Infrastructure development aims to improve transport efficiency

Shree Cement has officially signed a five-year agreement with RITES Ltd., a government-owned consultancy under the Ministry of Railways, to strengthen and grow its rail logistics infrastructure. This collaboration is designed to support the efficient movement of raw inputs and finished cement products between its various manufacturing sites, helping reduce logistical expenses and enhance supply chain management.

Partnership Details and Execution Scope

As part of the signed Memorandum of Understanding (MoU), RITES will oversee and execute a wide range of services—from initial planning stages through to full project delivery. Their role will involve revamping existing railway setups, modernizing aged infrastructure, and developing new rail lines where needed to better serve Shree Cement’s operational requirements.

The main objective of this initiative is to optimize the logistics network, enabling faster, more economical transportation solutions and reducing dependence on road freight. This is expected to bring both cost savings and performance improvements across Shree Cement’s distribution system.

Strategic Significance for Shree Cement

This agreement supports Shree Cement’s broader strategy to invest in infrastructure upgrades that align with its long-term growth and sustainability goals. Improved railway connectivity will allow for more reliable and consistent delivery of products and materials, particularly important as the company expands its national footprint.

In addition, this partnership signals a shift toward sustainable, rail-based logistics as a preferred transportation mode, which is both economically and environmentally beneficial. Rail transport typically results in lower emissions and improved energy efficiency compared to trucking.

Industry-Wide Relevance

Across India’s cement manufacturing sector, companies are increasingly prioritizing logistics innovation to meet rising demand and remain cost-competitive. Enhancing transport networks through government-backed infrastructure projects has become a vital strategy.

The Shree Cement-RITES partnership reflects a broader trend in the cement industry—greater collaboration between private firms and public sector enterprises to build reliable, scalable logistics systems. Such partnerships help reduce supply chain bottlenecks while reinforcing operational resilience.

Conclusion

The newly established MoU between Shree Cement and RITES represents a major milestone in the company’s journey toward building a more effective and integrated rail infrastructure. By utilizing RITES’ technical expertise and engineering capabilities, Shree Cement aims to significantly boost logistical efficiency and cut down operational overheads.

In a sector where supply chain performance plays a critical role in profitability and service quality, this move positions Shree Cement for continued success. It also underlines the value of strategic collaboration in driving infrastructure-led growth in India’s heavy industries.

Summary:

Shree Cement has partnered with RITES Ltd. for five years to enhance its rail transport infrastructure. The project covers modernization of existing systems and creation of new rail routes to improve logistics efficiency. This step not only supports Shree Cement’s growth strategy but also reflects a wider industry trend toward strengthening supply chains through public-private partnerships.

 

 

 

 

 

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