L&T Subsidiary Signs MoU with John Cockerill to Advance Solar and Thermal Energy Solutions

Larsen & Toubro (L&T) announced on Monday, March 24, 2025, that its wholly-owned subsidiary, L&T Energy Green Tech Ltd, has signed a Memorandum of Understanding (MoU) with John Cockerill Energy. The agreement focuses on exploring advanced technologies in concentrated solar power (CSP) and thermal energy storage.

Strategic Collaboration in Manufacturing and Engineering

According to an exchange filing, the MoU aims to identify and develop strategic collaboration opportunities in manufacturing, component supply, and engineering solutions.

By leveraging their respective strengths, L&T Energy Green Tech and John Cockerill will work towards innovative solutions for sustainable energy infrastructure.

L&T Energy Green Tech’s Integrated Green Energy Solutions

L&T Energy Green Tech specialises in integrated green energy solutions through advanced technology, strategic partnerships, and research & development.

The company operates on a development, manufacturing, Engineering, Procurement, and Construction (EPC) model, focusing on the future of sustainable energy solutions.

John Cockerill’s Expertise in Energy Transition

With over 200 years of experience in the energy and industrial sectors, John Cockerill has been at the forefront of developing technological solutions that contribute to the global energy transition.

The company has a proven track record in solar thermal power, making it a valuable partner for L&T in advancing renewable energy capabilities.

Management Outlook on the Deal

Commenting on the partnership, Subramanian Sarma, Whole-Time Director and President (Energy) at L&T, emphasised the significance of ensuring the round-the-clock availability of renewable power in the global energy transition.

“Our collaboration with John Cockerill marks a significant step in this direction, combining L&T’s end-to-end expertise in manufacturing, EPC, and services with John Cockerill’s global leadership in energy,” Sarma stated.

Echoing this sentiment, Thomas Bohner, CEO of John Cockerill Energy, highlighted the company’s successful track record in solar thermal solutions worldwide.

“With our expertise and references, including five solar thermal receivers for concentrated solar power plants in the UAE, China, Chile, and South Africa, we are confident this partnership will enable us to deliver these offerings to companies in India that are actively pursuing low-carbon energy solutions,” Bohner said.

Stock Performance 

On March 24, 2025, Larsen & Toubro share price ended 1.87% higher at ₹3481.10. Larsen & Toubro share price reached a 52-week high of ₹3,963.00, and a 52-week low of ₹3,141.30. As per BSE, the total traded volume for the stock stood at 1.65 lakh shares with a turnover of ₹57.58 crore.

According to exchange data, Larsen & Toubro shares are trading at a price-to-earnings (P/E) ratio of 47.68x, based on its trailing 12-month earnings per share (EPS) of ₹73.01, and a price-to-book (P/B) ratio of 7.26.

Conclusion 

The partnership between L&T Energy Green Tech and John Cockerill marks a significant step in advancing renewable energy technologies in India.

By leveraging their expertise in manufacturing, EPC, and solar thermal solutions, the collaboration aims to drive innovation in green power. This strategic alliance will support India’s transition to sustainable energy and accelerate low-carbon energy adoption.

 

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 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.

SEBI Raises Disclosure Threshold for FPIs to ₹50,000 Crore

The Securities and Exchange Board of India (SEBI) has approved a key change in its regulatory framework for foreign portfolio investors (FPIs), raising the disclosure threshold from ₹25,000 crore to ₹50,000 crore.

The decision, announced on Monday, March 24, 2025, aims to enhance market transparency and ensure better compliance with the Prevention of Money Laundering Act (PMLA) and other related regulations.

Surge in Market Activity Prompted Revision

The revision comes in response to a sharp increase in cash equity market trading volumes between FY22-23 and FY24-25, which have more than doubled.

Given this surge, SEBI has opted to adjust the disclosure norms to align with evolving market dynamics while maintaining a strong regulatory framework for foreign investments.

New Disclosure Requirements for Large FPIs

Under the revised rules, FPIs with equity assets under management (AUM) exceeding ₹50,000 crore in Indian markets will be required to provide additional disclosures, as outlined in the SEBI circular dated August 24, 2023.

This threshold adjustment seeks to balance the need for investor scrutiny with facilitating foreign investments in Indian equities.

Focus on Preventing Circumvention of Press Note 3 (2020)

The original threshold of ₹25,000 crore was introduced as a safeguard against potential circumvention of Press Note 3 (2020), a government directive that tightened scrutiny on foreign investments from countries sharing a land border with India.

By increasing the disclosure threshold, SEBI aims to refine its regulatory approach while ensuring critical investments remain under due diligence.

Single Corporate Group Disclosures Remain Unchanged

Despite the increase in the threshold, SEBI has retained the requirement for additional disclosures if more than 50% of an FPI’s equity AUM is concentrated in a single corporate group.

This measure ensures that large investments in particular business houses remain transparent and do not create systemic risks in the financial markets.

Exemptions for Sovereign and Public Funds

In response to queries about the regulatory change, Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management, clarified that sovereign and public funds are exempt from these additional disclosure requirements.

“Many of the funds (public, sovereign funds) were exempt from these additional disclosures. There are already disclosures as per PMLA and KYC for every FPI. We were only asking for more granular disclosures,” the SEBI chief stated.

Conclusion

SEBI has raised the disclosure threshold for foreign portfolio investors (FPIs) from ₹25,000 crore to ₹50,000 crore to enhance transparency and compliance with PMLA. The change follows a surge in market activity.

While disclosures for FPIs investing heavily in single corporate groups remain, sovereign and public funds are exempt. The revision aims to refine regulatory oversight.

 

 

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.

Bank Nifty Rises 2%, Up for 8th Consecutive Day, Led by Kotak Mahindra and Canara Bank

Banking stocks recorded significant gains on Monday, March 24, 2025, propelling the Nifty Bank index into the green territory for the eighth consecutive session.

The index rose by 2% to reach 51,621 in morning trade, marking its highest level since early January when it last crossed the 51,500-mark.

The rally comes amid a broader uptrend in the market, with several banking stocks hitting multi-year highs.

Kotak Mahindra Bank Leads Gains, Appoints New CTO

Kotak Mahindra Bank emerged as the top gainer on the Nifty Bank index, with its shares jumping over 3% to trade at nearly ₹2,151 apiece. This is the stock’s highest level in three years.

The surge follows the bank’s announcement of key leadership appointments, including Bhavnish Lathia as its new Chief Technology Officer (CTO). Kotak Mahindra Bank is also the top gainer on both the Sensex and Nifty 50 indices.

Canara Bank, PNB Show Strong Gains

Canara Bank and Punjab National Bank (PNB) also witnessed strong gains, with their shares rising over 2.6% each. Canara Bank shares were trading at ₹89.85 apiece, This implies an upside potential of nearly 11% from its previous closing price.

The stock has shown a strong recovery after hitting a 52-week low of Rs 78.60 on March 3. Meanwhile, PNB shares reached a one-month high of ₹95.58 apiece.

Axis Bank, HDFC Bank See Significant Gains

Heavyweight Axis Bank shares climbed over 2% to trade at ₹1,094 apiece, their highest level so far in 2025.

Other major gainers included Federal Bank, IDFC First Bank, and Bank of Baroda, each trading over 2% higher. The rally in banking stocks reflects renewed investor confidence in the sector amid improving market sentiment.

IndusInd Bank Bucks the Trend Amid Volatility

In contrast, IndusInd Bank shares bucked the trend, trading marginally lower at ₹686 apiece. The stock has experienced significant volatility in recent weeks following the bank’s disclosure of accounting lapses in its derivatives portfolio.

FIIs Activity

The recent rally in bank stocks coincides with foreign portfolio investors (FPIs) actively rebalancing their portfolios. While FPIs have been reducing their exposure to sectors like IT and FMCG due to global economic uncertainties, financials continue to be a preferred choice, accounting for nearly one-third of their total investments in Indian equities.

On Friday, March 21, 2025, foreign institutional investors (FIIs) demonstrated strong activity in the markets. They purchased equities worth ₹7,470.30 crores in the cash markets, signalling renewed confidence. Additionally, FIIs added long positions worth ₹2,419.03 crore in index options and ₹1,187.81 crore in stock options, reflecting a bullish outlook on the broader market and specific stocks.

Conclusion

The Nifty Bank index’s sustained upward movement highlights the resilience of the banking sector, with key players like Kotak Mahindra Bank, Canara Bank, and Axis Bank leading the charge.

While most banking stocks are riding the wave of optimism, IndusInd Bank’s underperformance serves as a reminder of the sector’s inherent volatility.

 

 

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 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.

MSTC Secures Two-Year E-Auction Contract from Coal India

Government-owned e-commerce service provider MSTC Ltd announced on Friday (March 21) that it has received a work order from Coal India Limited (CIL) to act as an e-auction service provider for coal and coal products.

MSTC to Conduct Online Coal Auctions

The contract, which spans two years, will see MSTC facilitating online auctions for CIL and its subsidiaries. The company will be responsible for ensuring a smooth and transparent auction process for coal and related products.

In a regulatory filing, MSTC stated: “MSTC Limited has received a work order from Coal India Limited for engagement as an E-auction Service Provider for conducting e-auction of coal and coal products of CIL/Coal Companies for two years.”

Q3 FY25 Financial Performance 

MSTC also reported a massive 506.04% year-on-year (YoY) jump in net profit, reaching ₹250.9 crore for the third quarter ended December 31, 2024. This marks a significant surge from the ₹41.4 crore net profit reported in the same quarter of the previous fiscal.

The company attributed this remarkable growth to an exceptional gain of ₹275.5 crore in Q3FY25, compared to a loss of ₹1.9 crore in Q3FY24.

Stocks Performance 

On March 24, 2025, MSTC share price traded 5.81% higher at ₹544.75 at 10:33 AM (IST). MSTC’s share price reached a 52-week high of ₹1,037.00, and a 52-week low of ₹410.80. As per BSE, the total traded volume for the stock stood at 0.52 lakh shares with a turnover of ₹2.75 crores.

At the current price, MSTC’s shares are trading at a price-to-earnings (P/E) ratio of 10.79x, based on its trailing 12-month earnings per share (EPS) of ₹50.49, and a price-to-book (P/B) ratio of 5.37, according to exchange data.

Conclusion

MSTC’s latest contract with Coal India Limited strengthens its position in the e-commerce and auction services space.

With a robust financial performance and increasing revenue from operations, MSTC is poised for further growth in the coming quarters.

 

 

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 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.

FPIs Pull Out $1.4 Billion from IT, FMGC, and Automobile Stocks in First Half of March

Foreign portfolio investors (FPIs) have continued to cut their exposure to Indian equities as concerns grow over a potential economic slowdown in the US and reduced discretionary spending by global software clients.

This has led to significant outflows from key sectors, particularly IT, FMCG, and automobiles.

IT Sector Hit Hardest by FPI Outflows

In the first two weeks of March 2025, FPIs offloaded IT stocks worth nearly $800 million, making it the most affected sector.

The selloff reflects growing caution among investors as global IT spending faces headwinds due to economic uncertainties in the US and Europe.

Other major sectors impacted include fast-moving consumer goods (FMCG), which saw outflows of $586 million, and automobiles, where investors pulled out $418 million, according to data from the National Securities Depository Ltd (NSDL).

Total FPI Selloff Reaches $3.4 Billion

Between March 1 and March 15, 2025, FPIs net sold $3.4 billion worth of Indian shares, with IT stocks alone accounting for nearly a quarter of the total outflows.

However, Metals & Mining and Media & Entertainment sectors bucked the trend, attracting net inflows of $135 million and $16 million, respectively, as investors sought safer alternatives amid market volatility.

FPI Holdings in Indian Equities

Despite the recent selloff, foreign investors still maintain a substantial presence in Indian equities. As of March 15, 2025, FPIs held $722 billion worth of Indian stocks, accounting for 15.3% of the total market capitalisation.

While nearly one-third of all FPI investments remain concentrated in the financial sector, the IT sector ranks second, but with a much lower share of 9.4%.

Conclusion

Despite significant FPI outflows from IT, FMCG, and automobile sectors, foreign investors continue to hold a strong presence in Indian equities.

While market volatility persists, sectors like Metals & Mining and Media & Entertainment have attracted inflows.

The financial sector remains dominant, but shifting global trends may further impact FPI investment patterns in the coming months.

 

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 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.

Adani Energy Secures ₹2,800 Crore Transmission Project in Gujarat

Adani Energy Solutions, a subsidiary of Adani Group, announced on Friday that it has secured a power transmission project in Gujarat under the tariff-based competitive bidding (TBCB) mechanism.

The bid process was coordinated by PFC Consulting, and the project’s special purpose vehicle (SPV) was officially transferred to AESL on March 20, 2025. This marks AESL’s sixth order win of the fiscal year, raising its total order book to ₹57,561 crore.

Project Details and Scope

The ₹2,800 crore project will play a crucial role in supplying green electrons for the production of green hydrogen and green ammonia in Mundra, Gujarat. The project is scheduled for completion within 36 months.

As part of the project, AESL will upgrade the Navinal (Mundra) electrical substation by installing two large 765/400kV transformers. Additionally, a 75 km long 765kV double-circuit transmission line will be constructed to connect the Navinal substation with the Bhuj substation.

Expected Growth and Financial Outlook

AESL’s transmission earnings before interest, taxes, depreciation, and amortisation (EBITDA) is projected to double to ₹7,600 crore by FY27, driven by India’s aggressive renewable energy (RE) targets, according to a recent report by Elara Capital.

In the distribution sector, the energy demand at Mundra SEZ is expected to increase significantly from 50MW to 5GW, expanding the regulated asset base (RAB) to ₹1,500-2,000 crore. Furthermore, AESL’s Mumbai operations will receive an annual capital expenditure of ₹1,200-1,500 crore, which is set to boost regulated equity to ₹6,000 crore by FY27.

L&T Electrolyser’s Contribution to Green Hydrogen Initiative

In a related development, L&T Electrolyser recently dispatched an indigenously manufactured High-Pressure Alkaline Electrolyser for installation at the upcoming 1 MW green hydrogen plant at Deendayal Port, Kandla. This initiative aligns with India’s broader renewable energy ambitions and supports AESL’s green energy transition plans.

AESL’s latest project win underscores its expanding role in India’s power transmission and renewable energy sectors, reinforcing its commitment to supporting the nation’s clean energy goals.

Stock Performance 

On March 24, 2025, Adani Energy Solutions share price traded 0.46% higher at ₹835.30 at 9:58 AM (IST). Adani Energy Solutions’ share price reached a 52-week high of ₹1,347.90, and a 52-week low of ₹588.25. As per BSE, the total traded volume for the stock stood at 0.25 lakh shares with a turnover of ₹2.08 crores.

At the current price, Adani Energy Solutions’ shares are trading at a price-to-earnings (P/E) ratio of 202.74x, based on its trailing 12-month earnings per share (EPS) of ₹4.12, and a price-to-book (P/B) ratio of 5.18, according to exchange data.

 

 

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 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.

IRCON International Faces ₹158.89 Crore Arbitration Claim from Conarch Associates

State-owned engineering and construction firm IRCON International Ltd announced on Friday (March 21) that it is facing an arbitration claim of ₹158.89 crore filed by Conarch Associates.

The dispute pertains to the supply and stacking of 50mm Pakur variety machine crushed track ballast for the Jaynagar-Bardibas railway project in Nepal, specifically covering the section from Km 34+800 to Km 52+336.

In a regulatory filing, IRCON International confirmed that Conarch Associates had initiated the claim before the Arbitral Tribunal as of March 20, 2025.

Details of the Claims

The claims made by Conarch Associates include:

  • Compensation for loss of profit and goodwill
  • Release of retention money
  • Lien on performance bank guarantee
  • GST penalties
  • Pending bill payments

IRCON International stated that the financial impact of the claim would depend on the final adjudication of the case.

IRCON Secures ₹1,096.17 Crore EPC Contract in Meghalaya

Despite the arbitration proceedings, IRCON International continues to expand its project portfolio.

Last week, the company, in a joint venture with Badri Rai and Company (BRC), secured an engineering, procurement, and construction (EPC) contract worth ₹1,096.17 crore from the Directorate of Urban Affairs, Government of Meghalaya.

The contract win highlights IRCON’s continued growth in infrastructure development, even as it navigates legal challenges related to its international railway projects.

Stock Performance 

On March 24, 2025, IRCON International share price traded 2.78% higher at ₹164.40 at 9:18 AM (IST). IRCON International’s share price reached a 52-week high of ₹351.65, and a 52-week low of ₹160.25. As per BSE, the total traded volume for the stock stood at 0.69 lakh shares with a turnover of ₹1.13 crores.

At the current price, IRCON International shares are trading at a price-to-earnings (P/E) ratio of 19.23x, based on its trailing 12-month earnings per share (EPS) of ₹8.56, and a price-to-book (P/B) ratio of 2.57, according to exchange data.

Conclusion

Despite the ongoing arbitration claim, IRCON International remains focused on its expansion, securing major infrastructure contracts like the ₹1,096.17 crore EPC project in Meghalaya.

The company’s ability to navigate legal challenges while continuing growth highlights its resilience and commitment to delivering large-scale engineering and construction projects efficiently.

 

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 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.

SEBI Chief Tuhin Kanta Pandey Urges FPIs to Accept Current Tax Framework

Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Saturday said that there is no need to alter the current taxation system and that foreign portfolio investors (FPIs) must “live with” the existing framework.

Pandey, who assumed office as SEBI chief three weeks ago, highlighted India’s numerous advantages as the fastest-growing large economy, delivering superior returns, maintaining a stable policy environment, and keeping inflation in check.

“If some certainties have already come in terms of taxation, let us not unsettle it,” he stated, pointing to the country’s consistent returns of over 11% per annum on the MSCI over the last five years, stable inflation, and fiscal consolidation. He also noted that consumption is rising and capital formation is witnessing an upswing due to investments from both the government and private sector.

He further clarified that the tax system has been responsive to the concerns of investors and has even facilitated certain moves in the latest Budget.

FPI Concerns Over Capital Gains Tax 

There were concerns over potential FPI pullouts following a government clarification that FPIs would have to pay long-term capital gains tax at 12.5% from April 1, up from the earlier rate of 10%.

The FPI segment has already witnessed outflows in 2024, a trend attributed to global factors. Despite this, Pandey’s comments suggest that investors should not expect any immediate changes to the taxation structure.

Strict Action Against False Corporate Disclosures 

Pandey also took a firm stance against corporate malpractices, stating that some companies are making “blatantly false disclosures.” He asserted that SEBI will not hesitate to take action against such entities.

“There are corporate disclosures (where) there are malpractices… there are blatantly false disclosures being made. We will not hesitate in taking actions against such disclosures,” he stated.

He assured that SEBI’s surveillance system is actively identifying entities involved in wrongful disclosures and that necessary actions will be taken.

Regulatory Changes in Derivatives and Market Participation 

Addressing the issue of market dynamics, Pandey noted that the measurement of volumes in the derivatives segment needs a nuanced approach, as notional interest can sometimes be misleading.

He indicated that SEBI will be bringing in new regulations to refine the metrics of measurement, ensuring a more transparent and fair system.

“We also need to change from a system where only the large, organised investors are making money and the retailers are losing,” he remarked, emphasising the need for an inclusive market structure.

A Call for Stability and Transparency 

Pandey’s remarks underscore SEBI’s commitment to maintaining a stable tax regime, cracking down on corporate malpractices, and refining market regulations to ensure a balanced and fair trading environment.

The regulator remains firm in its stance that FPIs and other stakeholders must adapt to the existing framework rather than expecting policy changes to suit their preferences.

Conclusion 

SEBI Chairman Tuhin Kanta Pandey reaffirmed the regulator’s commitment to stability, transparency, and fairness in India’s capital markets. He emphasised that FPIs must accept the existing tax structure while warning against corporate malpractices, assuring strict action against false disclosures.

Additionally, SEBI plans to refine market regulations for a fairer system, ensuring that both institutional and retail investors benefit from a balanced and well-regulated financial ecosystem.

 

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 research and assessments to form an independent opinion about investment decisions.

India’s Top-10 Firms Add ₹3 Lakh Crore in Market Capitalisation; ICICI Bank, Bharti Airtel Lead Gains

In a week marked by a strong bullish trend in the equity markets, nine of the top 10 most-valued firms in India witnessed a combined surge of ₹3,06,243.74 crore in their market valuations.

This surge came as the BSE benchmark index climbed 3,076.6 points (4.16%) and the NSE Nifty jumped 953.2 points (4.25%) during the week.

ICICI Bank and Bharti Airtel Lead the Charge

ICICI Bank emerged as the biggest gainer among the top-10 firms, with its market capitalisation (m-cap) soaring by ₹64,426.27 crore to reach ₹9,47,628.46 crore. Close behind was Bharti Airtel, whose valuation surged by ₹53,286.17 crore to ₹9,84,354.44 crore.

HDFC Bank and Reliance Industries Post Significant Gains

HDFC Bank also saw a substantial increase in its market valuation, adding ₹49,105.12 crore to take its m-cap to ₹13,54,275.11 crore.

Reliance Industries, the most-valued domestic firm, witnessed a jump of ₹39,311.54 crore, pushing its m-cap to ₹17,27,339.74 crore.

Strong Performances by Bajaj Finance, TCS, and SBI

Bajaj Finance’s market valuation rallied by ₹30,953.71 crore to ₹5,52,846.18 crore, while Tata Consultancy Services (TCS) saw its m-cap rise by ₹24,259.28 crore to ₹12,95,058.25 crore.

State Bank of India (SBI) also posted impressive gains, with its valuation climbing ₹22,534.67 crore to ₹6,72,023.89 crore.

Hindustan Unilever and Infosys Add to the Gains

Hindustan Unilever’s m-cap advanced by ₹16,823.08 crore to ₹5,28,058.89 crore, while Infosys added ₹5,543.9 crore, taking its valuation to ₹6,61,364.38 crore.

ITC Bucks the Trend with Decline in Valuation

In contrast to the overall bullish trend, ITC was the only firm among the top 10 to see a decline in its market valuation. The FMCG major’s m-cap dropped by ₹7,570.64 crore to ₹5,07,796.04 crore.

Top-10 Firms by Market Capitalisation

Reliance Industries retained its position as the most-valued domestic firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.

The strong performance of these firms reflects the overall optimism in the equity markets, driven by positive investor sentiment and robust economic indicators.

Conclusion

The significant surge in market valuations of India’s top firms highlights the resilience and growth potential of the country’s corporate sector.

With key players like ICICI Bank, Bharti Airtel, and Reliance Industries leading the charge, the equity markets continue to attract investor confidence, setting the stage for further growth in the coming weeks.

 

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 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.

DLF Plans ₹20,000 cr Investment to Finish Housing Projects, Targets ₹43,000 cr Cash Surplus

Real estate giant DLF Ltd has announced plans to invest approximately ₹20,000 crore over the next few years to complete the construction of its already launched residential projects.

This move is expected to generate a total cash surplus of around ₹43,000 crore from these launched projects.

In a corporate presentation uploaded on stock exchanges’ websites on Friday, DLF detailed its growth strategy for both its development (housing) business and its annuity (rental) business, which focuses on building rent-yielding commercial projects.

According to the presentation, the “total pending cost to complete all launched projects” stands at around ₹20,000 crore.

Housing Projects and Revenue Potential 

Over the last few years, DLF has introduced numerous housing projects, particularly in Gurugram. Among them is the ultra-luxury project ‘The Dahlias,’ which has a revenue potential of approximately ₹35,000 crore.

As of the end of the December quarter, DLF had a cash balance of ₹9,000 crore, while customer receivables from already-sold housing units stood at ₹30,000 crore.

Additionally, the estimated cash surplus from inventory launched but unsold until the December quarter of this fiscal year is projected to be around ₹24,000 crore.

After deducting the pending construction cost, the total surplus cash potential from launched projects amounts to ₹43,000 crore.

Expansion in Commercial Real Estate 

Apart from residential developments, DLF is also heavily investing in commercial real estate. The company plans to invest another ₹20,000 crore in the medium term (five years) to develop commercial properties, including office and retail spaces.

“Significant growth capex being committed for growth,” the company stated, adding that an incremental capex of around ₹20,000 crore is planned over the medium term.

These commercial developments will be executed directly by DLF Ltd as well as through joint venture firms, including DLF Cyber City Developers Ltd (DCCDL).

Strong Rental Business Portfolio 

DLF has a robust operational portfolio of around 44 million square feet of rental assets, boasting high occupancy levels of 93%. The company aims to expand this portfolio to 73 million square feet in the medium term.

DCCDL, a joint venture between DLF and GIC, holds a majority of the rental assets within the DLF group, with DLF maintaining a 67% stake in the JV firm.

DLF emphasized that it has a “high-quality owned land bank available for sustainable long-term growth.” The annuity business includes rental operations of DLF, DCCDL, and Atrium Place (a joint venture with US-based Hines), as well as the group’s hospitality and asset management businesses.

Key Projects in Gurugram 

Recently, sources revealed that DLF’s rental arm, DCCDL, will invest around ₹6,000 crore to develop 75 lakh square feet of prime office and retail spaces in Gurugram.

DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A+ office spaces as part of the new phase of its ultra-premium commercial project, ‘DLF Downtown, Gurugram.’

Additionally, DCCDL has started work on the ‘DLF Mall of India, Gurugram,’ which will cover a total area of 20 lakh square feet.

Stocks Performance 

On March 21, 2025, DLF share price ended 0.6% higher at ₹696.75. DLF’s share price reached a 52-week high of ₹967, and a 52-week low of ₹622.15. As per BSE, the total traded volume for the stock stood at 0.96 lakh shares with a turnover of ₹6.79 crores.

At the current price, DLF shares are trading at a price-to-earnings (P/E) ratio of 364.79x, based on its trailing 12-month earnings per share (EPS) of ₹1.91, and a price-to-book (P/B) ratio of 6.16, according to exchange data.

Conclusion

DLF Ltd’s strategic investments of ₹20,000 crore in residential and commercial projects underscore its commitment to growth and market leadership. With a strong financial position, a robust rental portfolio, and significant development potential, DLF is well-positioned to deliver sustainable long-term value.

The company’s focus on high-quality projects, coupled with its expansive land bank, ensures its continued dominance in India’s real estate sector, benefiting stakeholders and customers alike.

 

 

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