Advait Energy Transitions Shares Climb 6% After Securing Gujarat Power Project Bid

Advait Energy Transitions shares rise over 6% on April 15, 2025, after being confirmed as the lowest bidder for a power system improvement project in Gujarat’s Bhavnagar Circle under PGVCL. The stock closed at ₹1,308.25 intraday, reflecting strong market confidence in the company’s growing project portfolio.

Power Project Details in Gujarat

The project is aimed at enhancing the reliability of the power distribution network under the System Improvement (SI) scheme. The scope of work includes 11KV Medium Voltage Covered Conductor (MVCC) systems along with accessories. It is scheduled to be completed within 12 months.

The company said it will issue a detailed statement after receiving the official letter of intent or letter of award for the project.

Company Background

Advait Energy Transitions, formerly known as Advait Infratech, provides specialised products and solutions for power transmission, substations, and telecommunications. Its portfolio includes stringing tools, OPGW and OFC cables, ACS, ERS, and OPGW joint boxes.

The company has a presence in the manufacturing and supply chain for critical power infrastructure components, playing a key role in transmission and network upgrade projects across India.

Recent Financial Performance

For the quarter ended December 2024 (Q3 FY25), Advait Energy Transitions reported a consolidated net profit of ₹9.78 crore, marking a 27.2% increase from ₹7.69 crore in the same quarter of the previous year. Net sales rose 35.4% to ₹98.45 crore in Q3 FY25 from ₹72.72 crore in Q3 FY24.

This performance reflects strong execution and growth in the company’s core business segments.

Advait Energy Transitions Share Price Performance

On April 15, 2025, Advait Energy Transitions shares opened at ₹1,275.00, higher than the previous close of ₹1,233.90. As of the end of the day, the stock was trading at ₹1,308.25 on the BSE, reflecting a 6.00% intraday gain.

The company’s 52-week high stands at ₹2,260.00, recorded on July 19, 2024, while the 52-week low of ₹1,020.00 was noted on March 17, 2025.

Conclusion

Advait Energy Transitions share price surge follows confirmation of the company emerging as the L1 bidder for a key power infrastructure project in Gujarat. The upcoming execution phase and formal award of the contract are expected to further define the company’s project pipeline for FY26.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

PNB Share Update: Mehul Choksi Arrested in ₹13,500 Crore Fraud Case

PNB share price closed at ₹96.65 on April 15, 2025, after news of Mehul Choksi’s arrest in Belgium in connection with the ₹13,500 crore fraud case as reported by The Hindu. Choksi is expected to be extradited to India soon, potentially closing a major chapter in one of the country’s biggest banking scams.

The arrest follows an extradition request made by Indian investigative agencies, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED). These agencies have been working to bring Choksi back to India to stand trial.

What Is the Punjab National Bank Scam?

The PNB fraud was first uncovered in January 2018. It involved fraudulent Letters of Undertaking (LoUs) issued by officials at PNB’s Brady House branch in Mumbai. Mehul Choksi and his nephew, Nirav Modi, used these LoUs to obtain overseas loans without sanctioned limits or sufficient collateral as per a News18 report.

The total loss to PNB was pegged at ₹6,344 crore. Other banks, such as the State Bank of India, also suffered exposure due to these fake guarantees.

How was the Fraud Carried Out?

PNB employees misused the SWIFT international banking system to send out unauthorised messages to other banks without recording the transactions in PNB’s internal systems. This prevented the fraud from being detected for years.

The fraudulent LoUs were issued to firms including Diamond R US, Solar Exports, and Stellar Diamonds. These firms were allegedly controlled by Nirav Modi and Choksi. In January 2018, PNB lodged a formal complaint with the CBI. Initially reported at ₹280.7 crore, the scam’s value expanded to over ₹14,000 crore by May 2018 as further investigations revealed additional fraudulent transactions.

Nirav Modi’s Involvement and Flight

Nirav Modi received his first fraudulent LoU in March 2011 and over the next six years, more than 1,200 such LoUs were issued. He fled India before charges were filed and was arrested in London in March 2019.

The ED also discovered that Nirav Modi and his brother Nehal Modi used foreign dummy companies and secure servers abroad to transfer and conceal the funds. The agency has seized assets worth ₹2,362 crore as part of the investigation.

PNB Share Price Performance

On April 15, 2025, PNB share price opened at ₹96.52, slightly above its previous close of ₹96.08. At the end of the day, the share was trading at ₹96.65 on the NSE, reflecting a 0.59% intraday increase.

The stock’s 52-week high of ₹142.90 was recorded on April 30, 2024. It hit 52-week low of ₹85.46 on March 4, 2025.

Conclusion

The arrest of Mehul Choksi marks a significant milestone in India’s pursuit of justice in the PNB scam case. With both Choksi and Nirav Modi facing legal proceedings, Indian authorities appear to be closing in on bringing accountability to one of the most high-profile financial frauds in the country’s history.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully be

Top 10 Blue Chip Stocks in India in April 2025, Based on 5-year Returns

When it comes to stock market investments, blue chip stocks are synonymous with stability, reliability, and long-term wealth creation. These are shares of well-established companies with strong fundamentals, a history of consistent performance, and significant market influence.

In the Indian context, blue chip stocks have shown remarkable resilience during economic downturns, most notably, many rebounded quickly and even reached all-time highs post-pandemic. In this article, we’ll explore what defines a blue-chip company, highlight its key features and benefits, and share a list of the best blue-chip stocks in India based on fundamentals like PE ratio and return metrics.

What Are Blue Chip Companies?

Blue chip companies are large, financially sound firms that are leaders in their respective industries. These companies typically have:

  • Large market capitalisation
  • Strong brand value
  • Consistent dividend payouts
  • Steady revenue and profit growth
  • Robust management and corporate governance

They are often included in benchmark indices like Nifty 50 and Sensex, making them ideal for conservative and long-term investors.

Features of Blue Chip Stocks

  • Market Leadership: Often industry pioneers or major players
  • Financial Resilience: High reserves, consistent cash flows, and low debt ratios
  • Strong Governance: Transparent operations and regulatory compliance
  • Stable Dividends: Regular dividend payouts, appealing to income-seeking investors
  • Lower Volatility: They show more price stability than mid- or small-cap stocks

Top 10 Blue Chip Stocks in India

Name Sector Market Capitalisation (₹ Cr) Close Price PE Ratio 1Y Return (%) 5Y CAGR (%)
Adani Enterprises Commodities Trading 267,931.50 2,321.40 82.71 -27.68 74.75
Bharat Electronics Electronic Equipments 208,328.70 285.00 52.28 22.06 64.86
Trent Retail – Apparel 169,942.60 4,780.55 114.30 17.93 59.40
Tata Motors Four Wheelers 219,058.70 595.05 6.98 -41.58 51.48
Mahindra and Mahindra Four Wheelers 309,430.20 2,580.35 27.46 24.60 46.57
JSW Steel Iron & Steel 241,615.40 990.25 27.42 14.29 42.88
Hindalco Industries Metals – Aluminium 134,252.50 600.30 13.22 0.28 41.04
Apollo Hospitals Enterprise Hospitals & Diagnostic Centres 97,499.66 6,780.95 108.50 5.84 39.58
Grasim Industries Cement 179,874.50 2,651.25 31.98 17.62 38.07
Shriram Finance Consumer Finance 120,118.90 638.80 16.31 28.50 37.13

Note: Data as of April 11, 2025. This list is for educational purposes only and does not constitute investment advice.

Conclusion

The top-performing blue chip stocks in April 2025 reveal a broad sectoral representation, from commodities and automobiles to healthcare and finance. While past returns are not indicative of future results, this list highlights companies that have delivered strong long-term growth within India’s large-cap universe.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Zepto Appoints Akhil Gupta to Board Ahead of Anticipated IPO

Zepto, the quick commerce startup headquartered in Bengaluru, has appointed Akhil Gupta, Vice Chairman of Bharti Enterprises, as an independent director to its board. The development comes as the company moves closer to a potential initial public offering (IPO), according to a report by Moneycontrol.

Strengthening the Board

Akhil Gupta brings decades of strategic and financial experience, having overseen the public listings of Bharti Airtel (2002), Bharti Infratel (2012), and Airtel Africa (2019). At Bharti Enterprises, he has played a key role in forming global partnerships and securing investments from leading private equity players, including Warburg Pincus, Temasek, and KKR.

Zepto’s current board includes co-founders Aadit Palicha and Kaivalya Vohra, Anu Hariharan of Avra, and Suvir Sujan of Nexus Venture Partners. Gupta’s addition is expected to bolster the board’s depth as the company prepares for a public listing.

Internal Restructuring and Leadership Changes

In addition to board expansion, Zepto has been actively reshuffling its leadership. In July 2024, Devendra Meel was elevated to Chief Business Officer from his previous role as head of the loyalty programme Pass. Prior promotions include Nikhil Mittal and Divesh Sawhney taking over as Chief Technology Officer and Chief Growth Officer, respectively.

Despite these advancements, the company has also seen key exits. Chief Marketing Officer Amritansu Nanda, along with senior leaders Viral Jhaveri and Manik Oberoi, departed in June 2024. Ashish Shah, previously Senior V-P of Finance, resigned in December 2023 and is now CFO at DealShare.

Financial Position and Capital Raise

Zepto has recently shifted its base back to India from Singapore and has completed multiple funding rounds to strengthen its balance sheet. It raised $665 million in June 2024 and $340 million in August 2024 from investors including General Catalyst, Glade Brook Capital, and Nexus Venture Partners. In a subsequent round, the company secured $350 million from domestic investors such as Motilal Oswal and Claypond Capital.

The company is reportedly in talks to raise an additional $300 million through a secondary sale to mutual funds, aiming to increase its domestic shareholder base in preparation for IPO-related regulatory compliance. Its gross merchandise value (GMV) has surged to nearly $4 billion, marking a 300% increase from the previous year.

Conclusion

With the appointment of Akhil Gupta and a strong financial strategy, Zepto is positioning itself for a high-profile IPO. The company’s swift growth, both in revenue and market presence, underscores its ambition to establish a solid foothold in India’s highly competitive quick commerce sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RVNL Share Price Update: Stock Gains 2.53% as L1 Bidder for ₹143.37 Crore Southern Railway Electrification Project

State-run Rail Vikas Nigam Ltd. (RVNL) share price increased by 2.53% on April 11, 2025, after the company was awarded the Lowest Bidder (L1) status for a ₹143.37 crore electric traction upgrade project by Southern Railway. The project aims to enhance the rail network’s capacity and efficiency within 24 months.

Project Overview

The awarded contract is for the “Upgradation work of electric traction system from 1×25 kv to 2×25 kv traction system for Salem Jn. (SA)-Podanur Jn. (PTJ) & Irugur (IGU)-Coimbatore Jn. (CBE)-Podanur Jn. (PTJ) section of Salem division of Southern Railway.” The project aims to boost the rail network’s electric traction capacity to support a 3,000 metric tonne (MT) freight loading target.

This traction system enhancement is expected to improve operational efficiency across a crucial freight corridor. The total cost of the project is estimated at ₹143.37 crore, and it is to be completed within 24 months from the date of commencement.

Strategic Significance

The project aligns with Indian Railways’ ongoing efforts to modernise its infrastructure and improve the capacity of key freight routes. By switching to a 2×25 kV traction system, the upgrade will facilitate the movement of heavier trains with better energy efficiency and lower maintenance requirements.

RVNL’s ability to secure this contract strengthens its position as a leading infrastructure partner for Indian Railways. The company has been actively involved in delivering critical railway infrastructure projects across the country.

Government Stakeholding

As of the quarter ended December 2024, the Government of India continues to hold a 72.84% stake in RVNL. The company remains a key public sector enterprise under the Ministry of Railways and plays a pivotal role in railway project execution nationwide.

RVNL Share Price Performance

On April 11, 2025, RVNL share price opened at ₹345.00, rising from its previous close of ₹337.65. By the end of the trading session, the stock closed at ₹346.20 on the NSE, marking a 2.53% intraday gain.

The stock’s 52-week high of ₹647.00 was recorded on July 15, 2024. Its 52-week low of ₹245.00 was reached on April 15, 2024.

Conclusion

RVNL’s emergence as the lowest bidder for a key Southern Railway project underscores its role in India’s railway electrification drive. With a significant contract win and continued government backing, the company remains a central figure in the country’s infrastructure development landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IREDA Share Price Update: Stock Gains 1.73% as Retail Shareholding Rises to 20.25% Ahead of Q4 Results

Indian Renewable Energy Development Agency (IREDA) share price gained 1.73% on April 11, 2025, after the company reported a rise in retail shareholding to 20.25%, up from 19.95%. This growth precedes the company’s board meeting on April 15, 2025, to discuss its Q4 FY25 results.

Increase in Retail Shareholding

As per the company’s latest shareholding pattern, IREDA now has 26.48 lakh retail shareholders—defined as those holding authorised share capital of up to ₹2 lakh—who collectively own a 20.25% stake in the company. This marks an increase from 25.88 lakh shareholders holding a 19.95% stake as of December 2024.

Government shareholding has remained unchanged at 75%, maintaining its majority stake in the company. The number of small shareholders has steadily grown since the company’s listing in late 2023.

Institutional Stakeholders

Domestic mutual funds continue to have minimal exposure to IREDA shares. Their stake stood at 0.23% as of March 2025, slightly down from 0.28% in the previous quarter.

Foreign Portfolio Investors (FPIs) also showed minimal change, holding a 1.75% stake, compared to 1.85% at the end of December 2024. The overall institutional holding in IREDA remains relatively low.

Loan Growth and Operational Updates

IREDA disclosed that its loan sanctions grew by 27% year-on-year during the January to March 2025 period. Total sanctioned loans stood at ₹47,453 crore, up from ₹37,354 crore in the same quarter last year.

The company has also established a new retail-focused subsidiary to serve segments such as Rooftop Solar, PM-KUSUM, Electric Vehicles, and other B2C initiatives. This move is expected to enhance IREDA’s presence in individual and small-scale renewable energy projects.

In addition, IREDA’s board has approved a borrowing plan of ₹30,800 crore for FY26 to support its growing lending activities.

QIP and Fundraising Plan

IREDA is yet to announce a timeline for its proposed Qualified Institutional Placement (QIP) to raise ₹5,000 crore. The board approved the fundraising exercise earlier this year, and shareholders gave their approval in February 2025.

The QIP is part of the company’s broader plan to raise capital for future growth. Market participants await further clarity following the Q4 results announcement.

IREDA Share Price Performance

On April 11, 2025, IREDA share price opened at ₹156.50, up from its previous close of ₹151.62. By the end of the day, it closed at ₹154.25 on the NSE, reflecting a 1.73% intraday gain.

The stock’s 52-week high was ₹310.00, reached on 15 July 2024, while its 52-week low was ₹137.01, recorded on 17 March 2025.

Conclusion

With a growing retail investor base and rising loan activity, IREDA continues to expand its footprint in the renewable energy financing sector. Investors now await the company’s fourth-quarter results and further updates on its planned capital raise through QIP.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

TCS Defers Salary Hikes Amid Tariff War; Q4 Profit Falls Marginally

Amid macroeconomic concerns stemming from the ongoing tariff war between the US and other nations, Tata Consultancy Services (TCS) has announced a deferral of salary hikes that were scheduled to take effect from April. The company will implement the hikes later in the financial year after assessing improved visibility.

Salary Hike Deferment Linked to Global Conditions

Executives at TCS told The Mint that the decision was taken in response to prevailing uncertainty in global markets, particularly due to trade tensions involving the US. The salary revisions will now be rolled out in the later part of FY26, once economic and business conditions stabilise.

The move comes at a time when Indian IT firms are navigating a challenging external environment, marked by client spending cuts, exchange rate fluctuations, and ongoing geopolitical developments. TCS clarified that the deferral is temporary and tied directly to macroeconomic clarity.

Q4FY25 Financial Performance

TCS reported a consolidated net profit of ₹12,224 crore for the quarter ended March 31, 2025, representing a 1.3% decline from ₹12,380 crore in the previous quarter. Revenue rose marginally by 0.8% quarter-on-quarter to ₹64,479 crore, up from ₹63,973 crore in Q3FY25.

In US dollar terms, revenue stood at $7,465 million, down 1% sequentially. Operationally, the company reported an EBIT of ₹15,601 crore, a decrease of 0.6% quarter-on-quarter. EBIT margin contracted slightly to 24.2% from 24.5% in the previous quarter.

Business Environment and Outlook

TCS executives noted that near-term demand remains uneven across markets and verticals. Spending delays by clients in key geographies, including North America and Europe, are continuing to impact deal closures and revenue conversion cycles.

The company remains focused on improving cost efficiencies and maintaining its investments in digital capabilities and cloud services. It also indicated that hiring and compensation decisions will continue to be assessed based on business momentum and external developments.

TCS Share Price Performance

On April 11, 2025, TCS share price opened at ₹3,289.55, up from its previous close of ₹3,246.60. Despite the positive start, the share price closed lower at ₹3,231.50 on the NSE, reflecting a 0.26% intraday loss.

The stock’s 52-week high of ₹4,592.25 was recorded on August 30, 2024. Its 52-week low of ₹3,056.05 was noted on April 7, 2025.

Conclusion

TCS’s decision to defer salary hikes amid global trade tensions highlights the ongoing challenges faced by the IT sector in maintaining stability during uncertain times. Despite a steady revenue increase in the March quarter, pressure on margins and profitability continues to shape near-term decisions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

TCS Share Price Update: Stock Declines 0.26% as Final ₹30 Dividend Declared for FY25, Payout Hits ₹45,612 Crore

Tata Consultancy Services (TCS), share price dipped 0.26% on April 11, 2025, at the end of the day, after the company declared a final dividend of ₹30 per share for FY25, bringing the total payout to ₹45,612 crore, a 72.6% increase from the previous year. The dividend is subject to shareholder approval at the upcoming AGM.

Dividend Announcement Details

In an exchange filing, the company stated, “We would like to inform you that at the board meeting held today, the directors have recommended a final dividend of ₹30 per equity share of ₹1 each of the company, which shall be paid/dispatched on the fifth day from the conclusion of the 30th Annual General Meeting, subject to approval of the shareholders of the Company.”

The dividend payment is subject to shareholder approval at the upcoming Annual General Meeting. Upon approval, eligible shareholders can expect to receive the dividend within the stipulated time frame outlined by the company.

FY25 Total Dividend Payout

With this declaration, TCS’s total dividend payout for FY25 reaches ₹45,612 crore. This represents a 72.6 per cent increase from the ₹26,426 crore paid in FY24.

The total dividend per share for FY25 has already surpassed the FY24 figure of ₹73. For comparison, the company paid ₹115 per share in FY23, which included a one-time special dividend of ₹67.

Historical Dividend Trend

TCS has maintained a consistent dividend distribution strategy, reflecting its strong cash position and profitability. The increase in FY25’s payout aligns with the company’s policy of returning excess cash to shareholders.

The final dividend adds to the company’s ongoing commitment to provide regular returns to investors. Past years have also seen TCS issuing special dividends, boosting shareholder value.

TCS Share Price Performance

On April 11, 2025, TCS share price opened at ₹3,289.55, up from its previous close of ₹3,246.60. Despite the positive start, the share price closed lower at ₹3,231.50 on the NSE, reflecting a 0.26% intraday loss.

The stock’s 52-week high of ₹4,592.25 was recorded on August 30, 2024. Its 52-week low of ₹3,056.05 was noted on April 7, 2025.

Conclusion

The ₹30 final dividend declared by TCS reflects a substantial increase in the company’s FY25 total payout. Subject to shareholder approval, the distribution is part of a long-standing practice of rewarding investors and maintaining financial discipline through consistent returns.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Jindal Stainless Share Price Update: Stock Rises 5.96% as JSL Super Steel Signs 11 MW Solar Deal to Cut 12 Million Kg Carbon Emission

Jindal Stainless share price surged 5.96% on April 11, 2025, by the end of the day, following the announcement that its subsidiary, JSL Super Steel, has signed a solar power agreement with Sunsure Energy. The deal aims to source 11 MW of clean energy annually, reducing carbon emissions by 12 million kg and marking a key step in the company’s sustainability efforts.

Clean Energy Partnership Overview

The solar power will be supplied from Sunsure Energy’s 49 MWp project located in Augasi, Uttar Pradesh. Under the agreement, JSL Super Steel will receive 11 MW of power, which will replace nearly 40 per cent of the plant’s conventional electricity consumption.

The transition is expected to bring about substantial environmental benefits, reducing dependence on fossil fuels and reinforcing Jindal Stainless’s commitment to responsible manufacturing. This collaboration is aligned with India’s push towards increased renewable energy adoption in industrial operations.

Environmental and Operational Impact

As part of the deal, JSL Super Steel will receive 16.5 million units of solar energy each year. This will help the company cut down approximately 12 million kilograms of carbon emissions annually, equivalent to planting over 5.45 lakh trees.

Jagmohan Sood, Wholetime Director and Chief Operating Officer of Jindal Stainless, told Business Standard, “This partnership is also a part of Jindal Stainless’ short-term goal of reducing 50 per cent carbon emissions by 2035. By integrating renewable energy into our production processes, we are not only reducing our carbon footprint but also setting new benchmarks for the metal industry in India.”

About JSL Super Steel

JSL Super Steel is a wholly owned subsidiary of Jindal Stainless. The unit manufactures stainless steel long products, including wire rods and rebars, with a rolling capacity of 1,60,000 tonnes per year.

These products are used extensively in construction, automotive manufacturing, and various industrial applications. The adoption of solar power at the plant is expected to support both operational sustainability and long-term energy efficiency.

Jindal Stainless Share Price Performance

On April 11, 2025, Jindal Stainless share price opened at ₹530.00, up from its previous close of ₹512.60. It ended the day at ₹543.15 on the NSE, reflecting a 5.96% intraday gain.

The stock hit its 52-week high of ₹848.00 on July 9, 2024. Its 52-week low of ₹496.60 was recorded on April 7, 2025.

Conclusion

The solar agreement between JSL Super Steel and Sunsure Energy represents a significant development in Jindal Stainless’ clean energy initiatives. By incorporating renewable energy into its operations, the company continues to align with its carbon reduction goals and national sustainability frameworks.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Cochin Shipyard Share Price Update: Stock Gains 4.10% on MoU with Drydocks World to Boost India’s Maritime Infrastructure

Cochin Shipyard share price saw a 4.10% rise on April 11, 2025, at 11:49 am, after the company signed an MoU with DP World’s Drydocks World. The deal aims to develop ship repair clusters in India, enhancing maritime infrastructure and aligning with the nation’s Vision 2030.

Objective of the MoU

The partnership aims to enhance India’s maritime infrastructure by leveraging Cochin Shipyard’s domestic shipbuilding expertise and Drydocks World’s international experience. The collaboration supports India’s Maritime India Vision 2030 and AmritKaal Vision 2047, both focused on building global competitiveness in marine services.

Focus Areas and Scope of the Project

Cochin Shipyard and Drydocks World will work together to evaluate and develop world-class ship repair clusters in Kochi (Kerala) and Vadinar (Gujarat). These facilities will focus on:

  • Advanced ship repair and maintenance
  • Offshore fabrication
  • Marine engineering
  • Strategic infrastructure projects

The companies will also engage with major ports and other government bodies to improve repair capabilities across the maritime sector.

Financial Highlights

Cochin Shipyard’s consolidated net profit declined 27.6% year-on-year to ₹176.99 crore in Q3 FY25, down from ₹244.38 crore in Q3 FY24. However, revenue from operations rose 8.6% YoY to ₹1,147.64 crore for the quarter ending December 31, 2024. As of that date, the Government of India held 67.91% of the company’s total voting rights.

Cochin Shipyard Share Price Performance

On April 11, 2025, Cochin Shipyard share price opened at ₹1,396.05, higher than its previous close of ₹1,359.90. By 11:49 AM, the share price was trading at ₹1,415.65 on the NSE, reflecting a 4.10% intraday gain.

The stock’s 52-week high stands at ₹2,979.45, reached on July 8, 2024. Its 52-week low is ₹1,024.20, recorded on April 15, 2024.

Conclusion

The signing of the MoU marks a key step in boosting India’s ship repair capacity and infrastructure. With strategic backing and expertise from both public and private entities, Cochin Shipyard’s latest move could pave the way for long-term industry growth and potentially attract further investor interest.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.