Jubilant Ingrevia Limited, a global Life Sciences and Specialty Chemicals company, has signed a power purchase agreement with O2 Power to use renewable energy at its SEZ Bharuch Manufacturing Facility in Gujarat. This agreement, made through its subsidiary Jubilant Infrastructure Limited, aligns with the company’s commitment to sustainability.

50% Energy from Renewable Sources

Under this deal, 50% of the total power needed for the Bharuch facility will come from renewable energy. This move follows similar agreements for Jubilant Ingrevia’s manufacturing sites in Savli, Gujarat, and Gajraula, Uttar Pradesh, which will start receiving green energy from April 2025.

Commitment to Sustainability

Deepak Jain, CEO & Managing Director of Jubilant Ingrevia, stated that the company is dedicated to sustainable business practices. He emphasised that integrating renewable energy at Bharuch is a significant step in reducing carbon emissions while supporting India’s transition to clean energy.

Increasing Green Energy Usage

With this new contract, more than 35% of Jubilant Ingrevia’s total energy consumption across all manufacturing facilities will come from renewable sources.

O2 Power’s Continued Collaboration

Parag Sharma, Founder and CEO of O2 Power, expressed enthusiasm about extending their partnership with Jubilant Ingrevia. He noted that supplying renewable energy to the Bharuch facility, along with the ongoing projects in Savli and Gajraula, supports the company’s long-term sustainability goals and contributes to a greener future.

Jubilant Ingrevia’s Sustainability Leadership

Jubilant Ingrevia has been a leader in ESG (Environmental, Social, and Governance) initiatives since the early 2000s. It has consistently ranked among top-performing chemical companies in sustainability ratings like S&P DJSI, Ecovadis, and the CDP Climate Change program. The company is now focusing on using more clean energy, including renewable sources and biomass.

Recently, the World Economic Forum (WEF) recognised Jubilant Ingrevia’s Bharuch facility as a Global Manufacturing Lighthouse, making it the only chemical company in the 2024 cohort. This recognition highlights its efforts in digital transformation, sustainability, and societal impact.

About Jubilant Ingrevia Limited

Jubilant Ingrevia is a leading Life Sciences and Specialty Chemicals company serving the pharmaceutical, nutrition, agrochemical, consumer, and industrial markets. It offers over 130 products and customised solutions that meet global quality standards.

As of 2:25 PM IST on March 12, Jubilant Ingrevia share price was trading at ₹675.90, up ₹3.20 (0.48%) for the day. The stock opened at ₹676.45, reached a high of ₹677.45, and touched a low of ₹662.60. Earlier in the day, at 10:55 AM, it was trading at ₹670.05.

Conclusion

Jubilant Ingrevia’s latest renewable energy initiative strengthens its ESG leadership while advancing India’s green energy transition. With over 35% of its total energy now sourced from renewables, the company continues to drive sustainability through innovation.

 

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.

RailTel Corporation of India share price opened at ₹294.05 on Wednesday, slightly above the previous close of ₹293.05. The stock later rose to an intraday high of ₹298.50 but experienced some volatility due to overall market fluctuations.

Second Interim Dividend Announcement

On March 7, 2025, RailTel informed stock exchanges that its Board of Directors would meet on March 12, 2025, to decide on the second interim dividend for FY25. The board will also set the record date—the date on which shareholders must hold shares to be eligible for the dividend.

Important Note:

• Investors need to buy RailTel shares at least 1 day before the record date to be eligible for the dividend.
• This follows the T+1 settlement system, meaning shares bought today will be reflected in the buyer’s account the next day.

RailTel’s Recent Order Wins

RailTel has been receiving consistent work orders, supporting its stock performance:

1. Northern Railway Order – RailTel secured a contract worth ₹28.29 crore for indoor and outdoor double-distance signalling work.
2. East Central Railway Order – The company also won a contract worth ₹47.50 crore for additional railway-related work.

RailTel’s regular project wins and expected dividend declaration continue to keep the stock in focus for investors.

Conclusion

RailTel’s steady order flow and dividend announcements continue to drive investor interest. The upcoming dividend decision and project wins may further impact stock performance.

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.

Power Finance Corporation (PFC) shares gained over 1% on Wednesday as the company’s board is set to decide on a fourth interim dividend for FY25 and a fundraising plan. PFC stock rose 1.1% to ₹404 on the BSE.

Board Meeting for Dividend and Fundraising

The Maharatna PSU Power Finance Corporation announced that its board will meet on March 12, 2025, to consider the following:

1. Fundraising Plans – Raising funds for FY26 through bonds, term loans, and commercial papers in domestic and international markets.
2. Fourth Interim Dividend – Declaring an interim dividend for FY25.

PFC’s Dividend History

PFC has declared multiple dividends in FY25:

• Last Dividend – ₹3.50 per share (35% of the ₹10 face value) with a record date of February 28, 2025.
• Total FY25 Dividends – ₹12.75 per share.
• Previous Interim Dividends:
  • ₹3.50 per share on November 25, 2024.
  • ₹3.25 per share on August 30, 2024.
• Final Dividend for FY24 – ₹2.50 per share announced on July 26, 2024.

PFC’s dividend yield stands at approximately 3.45%.

PFC Stock Performance

Power Finance Corporation share price stands at ₹391.40 as of March 12, 2025, with a 52-week high of ₹580.00 and a low of ₹351.70. Over the past month, the stock has gained 4.96%, but it has declined by 22.50% in the last 6 months and 8.47% over the past year. However, in the long term, PFC has delivered strong returns, rising by 379.14% over the past 5 years.

Conclusion

Despite recent declines, PFC has delivered strong long-term returns. The upcoming dividend announcement and fundraising plans may drive future stock movement.

 

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.

Vedanta Ltd, the mining and metals giant, has repaid a ₹7,500 crore ($900 million) high-cost loan, reducing its debt burden by ₹4,600 crore ($550 million). The repayment was funded through a mix of proceeds from its ₹8,300 crore ($1 billion) Qualified Institutional Placement (QIP) in June 2024 and a fresh loan at a lower interest rate.

Loan Refinancing to Reduce Costs

The loan was originally taken by Vedanta’s subsidiary, THL Zinc Ventures, in May 2023 at a high-interest rate of 13.9%. As part of the repayment, Vedanta secured a new ₹2,900 crore ($350 million) loan from JP Morgan and other banks at a lower 9.6% annual interest rate. This move will save the company ₹750 crore ($90 million) in interest costs annually. The new financing package also comes with improved terms and conditions.

Deleveraging Strategy Strengthens Balance Sheet

This step aligns with Vedanta’s broader strategy to reduce its overall debt. By December 2024, the company’s net debt-to-EBITDA ratio had improved to 1.4x from 1.9x in Q1 FY24. The company aims to bring this ratio down further to 1x in the medium term.

Parent Company Also Cuts Debt

Vedanta’s parent firm, Vedanta Resources Ltd (VRL), has also made significant progress in debt reduction, bringing its total outstanding debt down to ₹41,000 crore ($4.9 billion), its lowest level in a decade.

Positive Market Response and Credit Ratings

In February 2024, Vedanta raised ₹2,600 crore through unsecured non-convertible debentures (NCDs) with an interest rate of 9.40-9.50%. The NCDs attracted institutional investors like ICICI Prudential, Kotak, Nippon, Aditya Birla Sun Life, and Axis.

Credit rating agencies ICRA and CRISIL responded positively to Vedanta’s deleveraging efforts, assigning an ‘AA Rating/Watch with Developing Implications.’ This improved rating is expected to help the company refinance debt at even lower costs in the future.

About Vedanta Limited

Vedanta Limited is a Mumbai-based Indian multinational mining company primarily engaged in iron ore, gold, and aluminum mining, with operations in Goa, Karnataka, Rajasthan, and Odisha.

As of March 12, 2025, at 12:28 PM IST, Vedanta share price stands at ₹438.75, down ₹2.80 (0.63%) for the day. The stock opened at ₹444.90, reached a high of ₹448.35, and touched a low of ₹437.90. Vedanta has a market capitalisation of ₹1.63 lakh crore, a P/E ratio of 13.10, and a dividend yield of 10.75%. The stock’s 52-week high is ₹526.95, while its 52-week low is ₹249.50.

Conclusion

Vedanta’s strategic debt reduction and refinancing efforts have strengthened its financial position. With improved credit ratings and lower interest costs, the company is on track for sustainable growth.

 

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.

Housing & Urban Development Corporation Limited (HUDCO) has declared an interim dividend of ₹1.05 per share, with the ex-dividend date set for March 13, 2025, and the record date on March 14, 2025. The announcement was made on Monday, March 10, through an exchange filing.

Understanding Record Date and Ex-Date

Record Date: This is the date when a company checks its records to determine which shareholders are eligible for corporate actions like dividends, bonus shares, or stock splits. Only those holding shares in their demat accounts on this date will receive the benefits.

Ex-Date: This is the date when a stock starts trading without the entitlement to a corporate action. Since markets now follow a T+1 settlement cycle, the ex-date and record date are the same. Until this date, the stock trades with the benefit (e.g., cum-dividend or cum-rights).

Tax Deduction on Dividend

The dividend will be subject to a 10.50% tax deduction at source (TDS) on the face value of ₹10 per share.

Payout Timeline

As per the exchange filing, the company will complete the dividend payout within 30 days of the declaration.

About HUDCO

Housing and Urban Development Corporation Limited (HUDCO) is a public sector enterprise in India specializing in housing finance and infrastructure project funding. The government granted Navratna status to the company on April 18, 2024.

As of March 12, 2025, at 11:03 AM IST, HUDCO share price is trading at ₹179.81, down ₹1.50 (0.83%) for the day. The stock opened at ₹182.50, reached a high of ₹185.49, and a low of ₹179.33. HUDCO has a market capitalisation of ₹35,990 crore, a P/E ratio of 13.43, and a dividend yield of 2.46%. The 52-week high stands at ₹353.70, while the 52-week low is ₹152.55.

Conclusion

HUDCO remains a key player in housing finance and infrastructure funding. Despite recent market fluctuations, its dividend payout and Navratna status highlight its strong financial standing.

 

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.

A day after IndusInd Bank shares fell 27%, the stock is in focus as CEO Sumant Kathpalia assured that the bank aims to recover the losses caused by an accounting issue in past derivative transactions within this quarter. Despite concerns, Kathpalia stated that both the fourth quarter and full-year results would remain profitable.

This statement contrasts with earlier analyst predictions that hinted at potential losses for the March quarter. The late disclosure of the accounting discrepancy worried investors, as analysts noted that such issues could impact confidence more than a backdated non-performing loan (NPL).

Bank Identified the Issue in October

Kathpalia explained that the bank first identified the issue on October 24 and immediately launched an internal review along with an external agency. However, at that time, they were unaware of the full scale of the problem, which developed over 7 to 8 years.

He emphasised that this was a one-time issue and not a recurring problem and assured investors that the bank would return to growth and profitability soon.

Hinduja Group Stocks Decline

On Tuesday, 5 out of 6 Hinduja Group stocks ended lower, wiping out nearly ₹21,000 crore in market capitalisation.

• IndusInd Bank share dropped 27.17% to ₹655.95 on the BSE.
• Ashok Leyland share fell 3.24% to ₹200.
• Hinduja Global Solutions share declined 3.68% to ₹500.
• GOCL Corporation share dropped 3.48% to ₹281.10.
• Gulf Oil Lubricants India share was the only stock that gained, rising 2.29% to ₹1,216.

Promoters Assure Stability

Ashok Hinduja, a key promoter, urged shareholders not to panic. He clarified that the issue was discovered by IndusInd Bank’s management itself, not by auditors or regulators. He also confirmed that promoters are awaiting RBI approval to increase their stake in the bank from 15% to 26%. Once approved, they will immediately inject capital into the bank.

Hinduja called the issue “routine” and acknowledged concerns about the delay in informing investors. He reassured that IndusInd Bank has successfully handled past challenges over its 30-year history and this issue would also be resolved soon.

Conclusion

Despite the sharp decline, IndusInd Bank’s management remains confident in resolving the issue and restoring growth. Promoters plan to increase their stake, reinforcing stability.

 

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.

Reliance Jio has signed an agreement with SpaceX to introduce Starlink’s satellite internet in India. This comes just a day after Bharti Airtel announced a similar partnership. However, the deal is subject to SpaceX receiving approval from the Indian government to offer Starlink services.

Under this partnership, Jio and SpaceX will explore ways to integrate Starlink into Jio’s offerings while also supporting SpaceX’s direct-to-consumer and business services. Jio plans to sell Starlink equipment through its retail stores and online platforms.

Expanding Broadband Access Across India

Jio, known as the world’s largest mobile operator by data traffic, will combine its network strength with Starlink’s advanced satellite technology. This collaboration aims to provide reliable broadband connectivity, even in the most remote and rural areas of India.

Jio will not only sell Starlink products but also set up customer service support to help with installation and activation. The goal is to ensure seamless internet access for businesses, enterprises, and communities across the country.

Exploring Future Collaborations

Both companies are also looking at additional ways to integrate their infrastructure to strengthen India’s digital ecosystem. Jio’s Group CEO, Mathew Oommen, emphasised that this partnership would enhance broadband connectivity, making high-speed internet more accessible. SpaceX President and COO Gwynne Shotwell also expressed optimism about working with Jio to expand Starlink services in India.

Airtel’s Partnership with SpaceX

Bharti Airtel has also entered into an agreement with SpaceX to bring Starlink Internet to India. Similar to Jio, Airtel’s deal depends on regulatory approvals. Through this partnership, Airtel will explore ways to enhance internet access nationwide.

Airtel may distribute Starlink equipment via its retail outlets and provide high-speed satellite internet for businesses. The company also aims to use Starlink’s technology to improve connectivity in rural schools, healthcare centres, and remote locations, helping to bridge India’s digital divide.

Strengthening India’s Digital Infrastructure

Beyond expanding connectivity, Airtel and SpaceX will assess how Starlink can complement Airtel’s existing network. SpaceX may also use Airtel’s ground infrastructure to enhance its satellite services in India.

By integrating Starlink, Airtel plans to extend internet access to underserved areas, creating new opportunities for growth and development. This move aligns with Airtel’s broader strategy to bring advanced connectivity solutions across the country.

As of March 4, 2025, Jio Finance share price is trading at ₹206.38, up by ₹5.46 or 2.72%.

Conclusion

With both Jio and Airtel collaborating with SpaceX, India is set to witness a major leap in satellite-based broadband connectivity. Once approved, Starlink’s technology will help bridge the digital divide, ensuring reliable high-speed internet access for businesses and communities across the country.

 

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.

After winning the Dharavi slum redevelopment project, the Adani Group has now secured another massive redevelopment project in Mumbai—Motilal Nagar. The project, worth ₹36,000 crore, is located in Goregaon (West) and covers 143 acres, making it one of the city’s largest housing redevelopment initiatives.

Adani Group Wins Against L&T

Adani Properties Pvt Ltd (APPL) emerged as the highest bidder for the project, offering to provide more built-up area than its closest competitor, Larsen & Toubro (L&T). The company agreed to hand over 3.97 lakh square meters of housing stock to the Maharashtra Housing and Area Development Authority (MHADA), compared to L&T’s offer of 2.6 lakh square meters. A Letter of Allotment (LoA) will be issued soon.

State Government’s Special Project

The Maharashtra government has declared Motilal Nagar a “special project,” with MHADA overseeing its redevelopment. However, since MHADA lacks the financial and technical capacity to manage such a large-scale project, it will work with a Construction and Development Agency (C&DA). The Bombay High Court recently approved this approach, stating that a coordinated redevelopment plan is better than separate projects undertaken by different housing societies.

Project Scope and Redevelopment Plan

The redevelopment will involve:

• Rehabilitating 3,372 residential units, 328 commercial units, and 1,600 slum tenements under the 1971 Slum Act.
• Constructing modern apartments to replace old, unsafe structures.
• Improving infrastructure to prevent issues like flooding and waterlogging.

The entire process, from planning to completion, is expected to take 7 years.

Restrictions on the Private Developer

Under the project’s tender conditions:

• MHADA will retain full control over the land.
• The private developer cannot mortgage the land, raise funds against it, or transfer rights without MHADA’s permission.
• The C&DA will be responsible for design, approvals, construction, and rehabilitation.

These rules ensure the protection of residents and prevent misuse of redevelopment rights.

Second Major Redevelopment for Adani in Mumbai

This is the second major redevelopment project awarded to the Adani Group in Mumbai, following the Dharavi project. In Dharavi, the group is transforming 620 acres into a modern urban hub. Eligible residents there will receive free flats up to 350 square feet as part of the $3 billion project.

With the Motilal Nagar project, the Adani Group aims to create a well-planned, integrated community, eliminating illegal construction and improving the quality of life for residents.

Conclusion

With this project, Adani Group strengthens its role in Mumbai’s urban transformation, aiming to replace old structures with modern housing and improved infrastructure.

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.

On March 11, 2025, Indian stock markets recovered despite global market concerns and recession fears in the US. Gains in Reliance Industries, ICICI Bank, and Bharti Airtel helped lift sentiment.

The BSE Sensex opened 371 points lower and touched a low of 73,664. However, steady buying interest pushed it into positive territory, reaching a high of 74,187. By the end of the day, the Sensex closed almost flat at 74,102, down just 13 points.

Meanwhile, the NSE Nifty 50 fluctuated within a 200-point range. It fell to 22,315 before rebounding to a high of 22,522 and finally settled at 22,498, up 38 points.

Here are the list of top gainers and losers of the day: 

Top Gainers of the Day

Trent

Trent shares opened at ₹4,739.70, touched a high of ₹5,045.00, and gained 4.13%, leading the gainers’ list.

BPCL

BPCL stock rose 3.02%, reaching ₹264.97 after opening at ₹255.99.

Sun Pharma

Sun Pharma surged 2.82%, opening at ₹1,616.10 and peaking at ₹1,663.60.

Bharat Electronics (BEL)

BEL saw a 2.49% rise, hitting ₹278.50 after opening at ₹271.95.

ICICI Bank

ICICI Bank gained 2.41%, touching ₹1,248.00 during the session.

Top Losers of the Day

 

IndusInd Bank

IndusInd Bank suffered the biggest loss, tumbling 27.06% to ₹656.80 after opening at ₹810.45.

Infosys (INFY)

Infosys dropped 2.02%, opening at ₹1,680.00 and slipping to ₹1,667.00.

Bajaj Finserv

Bajaj Finserv declined 1.75%, touching ₹1,788.25 at its lowest point.

Mahindra & Mahindra (M&M)

M&M slipped 1.66%, closing at ₹2,657.85 after an intra-day high of ₹2,685.00.

PowerGrid

PowerGrid shed 1.35%, falling to ₹265.85 before closing at ₹267.65.

Conclusion

Despite early losses, Indian markets recovered, driven by banking and pharma stocks. However, IndusInd Bank’s sharp decline weighed on sentiment.

 

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.