NMDC Limited has been gaining attention on Friday. On May 2, 2025, NMDC share price opened at ₹65.43, up from its previous close of ₹64.79. At 10:42 AM, the share price of NMDC was trading at ₹66.62, up by 2.82% on the NSE. Notably, the share price hit its 52-week low recently on April 9, 2025, at ₹59.53.  

Iron Ore Price Revision 

The company has revised the prices of its iron ore products effective May 1, 2025. The new Free on Rail (FOR) prices are: 

• Baila Lump (65.5%, 10-40 mm): ₹6,440 per ton 

• Baila Fines (64%, -10 mm): ₹5,500 per ton 

These prices include Royalty, DMF (District Mineral Foundation), and NMET (National Mineral Exploration Trust), but exclude Cess, Forest Permit Fee, Transit Fee, GST, Environmental Cess, and other applicable taxes. The price revision is aligned with market dynamics and may help bolster the company’s revenue performance in the upcoming quarters. 

CFO Appointment to Fill Key Position

In a board meeting held on April 30, 2025, NMDC approved the appointment of Shri K. Venkateswarlu, General Manager (Finance), as the Whole-Time Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company. His term will last until a new Whole-Time Director (Finance) assumes charge or until his superannuation on June 30, 2025, whichever is earlier. 

This appointment comes as a stop-gap measure following the additional charge of Director (Finance) being temporarily handled by Smt. Priyadarshini Gaddam, Director (Personnel). 

Profile of the Appointed CFO 

Shri K. Venkateswarlu, born on June 3, 1965, is a Chartered Accountant and a Commerce graduate. With 35 years of experience in corporate finance, taxation, internal controls, and treasury operations across the metal, mining, and insurance industries, he brings significant leadership and financial expertise to the role. 

Also Read: Reliance Power Secures 25-Year SECI PPA for Asia’s Largest Solar-BESS Project! 

About NMDC Ltd 

NMDC is involved in the exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power. 

Conclusion 

NMDC’s recent uptick in stock price, iron ore price revision, and the strategic CFO appointment signal operational stability and financial prudence.  

 

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 Power Limited, through its wholly owned subsidiary Reliance NU Suntech Private Limited, has announced a landmark 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI).  

SECI, a prominent Navratna Central Public Sector Enterprise, plays a vital role in India’s clean energy mission. This agreement marks one of the largest long-term power offtake arrangements in the country and significantly strengthens Reliance Power’s presence in the renewable energy space. 

Asia’s Largest Integrated Solar-BESS Project Underway 

Reliance NU Suntech is set to develop Asia’s largest single-location integrated solar and battery energy storage system (BESS) project over the next 24 months. With a planned capital investment of up to ₹10,000 crore, the project underscores Reliance Power’s strategic focus on scalable and sustainable energy infrastructure.  

The initiative is aligned with India’s ambitious renewable energy targets and emphasizes the company’s commitment to clean, low-cost power solutions. 

930 MW Solar + 465 MW/1,860 MWh BESS at ₹3.53/kWh 

The agreement includes the supply of 930 MW of solar power integrated with a 465 MW/1,860 MWh BESS, offered at a competitive fixed tariff of ₹3.53 per unit (kWh).  

To meet the contracted capacity, over 1,700 MWp of solar capacity will be installed. This integration of solar generation with battery storage will ensure both reliability and flexibility, addressing peak demand and grid stability issues. 

Victory in SECI’s Tranche XVII Auction 

In December 2024, Reliance NU Suntech emerged as the largest winner in SECI’s Tranche XVII auction, securing the full allocation of 930 MW solar and 465 MW/1,860 MWh BESS.  

The highly competitive reverse auction saw participation from five major energy firms, competing for 2,000 MW of ISTS-connected solar capacity and 1,000 MW/4,000 MWh of BESS capacity. Reliance’s win highlights its strong project development capabilities and competitive pricing. 

Reliance Power Share Price Performance 

On May 2, 2025, Reliance Power share price opened at ₹40.75, up from its previous close of ₹39.99. At 10:19 AM, the share price of Reliance Power was trading at ₹41.46, up by 3.68% on the NSE. 

Also Read: Key Trends to Watch in May 2025: Indian Stock Market to Witness Several Events!  

Conclusion 

Reliance Power has already submitted a Performance Bank Guarantee (PBG) of ₹378 crore to SECI, completing the entire bidding cycle, including reverse auction, LoA issuance, and PPA signing, in under five 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 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. 

 

Adani Power Limited announced its financial results for Q4 and the full fiscal year FY25.  

On May 2, 2025, Adani Power share price opened at ₹529.50, down from its previous close of ₹532.05. At 10:04 AM, the share price of Adani Power was trading at ₹532.35, up by 0.06% on the NSE. 

Growth in Power Generation and Sales 

In FY25, Adani Power generated 102.2 Billion Units (BU) of electricity, marking a 19.5% increase over 85.5 BU in FY24. Power sale volume also surged by 20.7% YoY to 95.9 BU, supported by robust demand and enhanced operational capacity. This performance was aided by strong offtake under long-term Power Purchase Agreements (PPAs) and a rise in short-term and merchant sales. 

Consolidated Revenue and Profit See Double-Digit Growth 

The company’s consolidated total revenue rose by 10.8% to ₹56,473 crore in FY25 from ₹50,960 crore in FY24. This increase was largely volume-driven, although partially offset by a decline in tariff realisations.  

Consolidated EBITDA improved by 14.8% YoY to ₹21,575 crore, benefiting from increased revenue and lower fuel prices. Profit Before Tax (PBT) for FY25 surged 21.4% to ₹13,926 crore due to better EBITDA performance and reduced finance costs. 

Q4FY25: Moderate Revenue Growth Amid Cost Pressures 

For the March quarter, Adani Power recorded a consolidated power sale volume of 26.4 BU, up 18.9% from the same period last year. Revenue grew by 5.3% YoY to ₹14,522 crore. However, EBITDA declined to ₹5,098 crore in Q4 FY25, down from ₹5,273 crore in Q4 FY24, mainly due to higher operational expenses from recent acquisitions and lower merchant tariffs. Similarly, PBT dropped to ₹3,248 crore from ₹3,464 crore YoY, influenced by increased depreciation and slower demand growth. 

Capacity Expansion Drives Market Presence 

Adani Power’s operational capacity increased to 17,550 MW in FY25 from 15,250 MW in FY24. The rise was led by strategic acquisitions, including Moxie Power Generation Ltd. (1,200 MW), Korba Power Ltd. (600 MW), and Adani Dahanu Thermal Power Station (500 MW). This expansion supported higher PPA and merchant sales. 

Also Read: Adani Enterprises Shares in Focus: Revenue and PAT Surged in Q4FY25! 

Management Commentary 

Commenting on the results, Mr S B Khyalia, CEO, Adani Power Limited, said, “Adani Power has posted ever higher operating and financial performance for FY 2024-25, aptly demonstrating the strength and resilience of the Adani Portfolio companies. As we progress quickly in the next phase of capacity expansion, we are prioritising capital and cost efficiencies to sharpen our competitive edge and extend our sectoral leadership across key parameters.”  

He further added, “We are employing our deep, cross-domain expertise to make the business future ready to continue delivering superior returns over the long term. Our unrelenting commitment to sustainability, which has seen us rank among the best thermal power producers in the world on several counts, will continue to guide us on our growth journey.” 

Conclusion 

Adani Power delivered its performance in FY25, capitalising on increased demand, lower fuel costs, and capacity expansion. 

 

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. 

Food delivery platform Eternal (formerly Zomato) reported a year-on-year (YoY) decline in net profit to ₹39 crore for the March 2025 quarter, even as its revenue from operations surged YoY to ₹5,833 crore from ₹3,562 crore.  

Post the announcement, on May 2, 2025, Eternal share price opened at ₹220.05, down from its previous close of ₹232.52. At 9:33 AM, the share price of Eternal was trading at ₹235.81, up by 1.41% on the NSE. 

Surge in Expenses Pressures Bottom Line 

Total expenses for the quarter stood at ₹6,104 crore, marking an increase YoY from ₹3,636 crore. This spike was mainly due to higher infrastructure spending and increased investments in Blinkit, Eternal’s quick commerce vertical. As a result, adjusted EBITDA declined by 15% YoY to ₹165 crore for the quarter. 

Stable Growth in Core Food Delivery 

Eternal’s core food delivery business remained resilient, with Gross Order Value (GOV) rising to ₹8,439 crore, showcasing 16% growth YoY. The adjusted EBITDA margin for the segment improved to 4.4% (as of % of GOV) and 5.2% as of % of NOV. 

Blinkit Sees Rapid Growth Amid Rising Losses 

Blinkit delivered a standout performance in Q4, with revenue increasing 122% YoY to ₹1,709 crore. The company added 75 new Blinkit stores, taking the total to 526 stores across 26 cities. 

However, the aggressive expansion came at a cost. Adjusted EBITDA loss for Blinkit widened to ₹178 crore. CEO Albinder Dhindsa noted that the company had pulled forward several store launches originally slated for FY26, aiming to stay ahead of competition. 

Hyperpure Narrows Losses 

Eternal’s B2B segment, Hyperpure, posted a 93% YoY growth in revenue to ₹1,840 crore. The adjusted EBITDA loss grew to ₹22 crore from ₹19 crore in the previous quarter. The company reiterated its long-term commitment to Hyperpure and expects margin improvement with scale. 

Zomato to Shut Down Quick and Everyday Initiatives 

Zomato CEO Deepinder Goyal confirmed that the company is shutting down its experimental services, Zomato Quick and Zomato Everyday, due to lack of a clear path to profitability without compromising customer experience. 

Zomato Quick, which promised 10-minute deliveries, was hindered by inadequate restaurant density and kitchen infrastructure. Goyal noted that this led to inconsistent customer experiences and no significant increase in demand, making the service unsustainable. 

Similarly, Zomato Everyday, which focused on delivering homely meals, found limited demand, especially confined to office locations in metro cities. The company didn’t see sufficient return on investment (ROI) to justify continuing the initiative at a small scale. 

Food Delivery Growth Below Expectations 

The overall food delivery business at Zomato has been underperforming, and Goyal outlined three primary reasons for the current slowdown: 

• Sluggish demand in the broader economy, especially for discretionary spending like online food orders. 

• Temporary shortage of delivery partners, driven by high demand in the rapidly growing quick commerce segment. 

• Rising competition from quick delivery platforms offering packaged food, which has eaten into restaurant food delivery demand. 

Additional Factors Affecting Q4FY25 Growth 

Two more specific developments impacted the company’s Q4 performance: 

• Delisting of 19,000 restaurants from the Zomato platform. These restaurants were removed for reasons such as: 

• Poor hygiene based on severe customer complaints. 

• Mimicking well-known brands and misleading customers. 

• Operating duplicate listings to manipulate visibility. 

While this decision temporarily affected order volumes, Zomato believes it was necessary to protect consumer trust and improve platform quality. 

Also Read: Eternal (Zomato) Leadership Exit! 

Conclusion 

Eternal’s March 2025 quarter results reflect a mixed performance marked by top-line growth but pressure on profitability. While the core food delivery segment remained stable and Blinkit posted revenue growth, investments and rising costs weighed on the bottom line. 

 

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. 

As per news reports, Bharti Airtel’s newly launched express SIM card delivery service in partnership with Blinkit has been put on hold after the Department of Telecommunications (DoT) raised security concerns over the post-delivery self-KYC (know-your-customer) process. 

Government Insists on Pre-Delivery KYC 

According to the reports, the DoT has directed Airtel to ensure Aadhaar-based KYC authentication is completed before delivering SIM cards to customers’ homes. This move aligns with existing telecom regulations, which require mobile number verification before activation to prevent misuse and ensure national security. 

Service to Be Reworked for Compliance 

In response, Airtel is now reworking the delivery process to ensure full compliance with the DoT’s instructions. The company is expected to resume the service once it aligns with regulatory norms. 

10-Minute SIM Delivery Faces Uncertainty 

The Airtel-Blinkit service had promised SIM card delivery within just 10 minutes, offering customers the convenience of activating their new numbers from home using Aadhaar-based authentication. The service, initially rolled out in 16 cities, charged a ₹49 convenience fee and allowed a 15-day window for customers to complete the KYC process post-delivery. 

However, with the current model now disallowed, it is unclear whether the ultra-fast delivery time can be retained if KYC must be completed beforehand. 

Initial Rollout and Future Plans 

The express SIM delivery was initially available in cities like Delhi, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, and others. Blinkit handled logistics while Airtel facilitated self-KYC and plan activation. The plan was to expand the service to more cities in phases. 

Also Read: Key Trends to Watch in May 2025: Indian Stock Market to Witness Several Events! 

Conclusion 

The temporary suspension of the Airtel-Blinkit express SIM delivery service underscores the government’s emphasis on security in telecom operations. While the concept offered unmatched convenience, regulatory compliance will now dictate the pace and structure of its future rollout. 

 

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. 

ACME Solar Holdings Limited’s Board of Directors has declared and approved an interim dividend of ₹0.20 per equity share for the period ended December 31, 2024.  

On April 30, 2025, Acme Solar share price opened at ₹211.01 and closed at ₹210.00, down by 1.13%. The stock price touched its day’s low at ₹208.00.  

ACME Solar Holdings Interim Dividend Record Date 

The Board of Directors of the Company, at its meeting held on Friday, April 25, 2025, has, among other matters, declared an Interim Dividend of ₹0.20 per equity share (representing 10% of the face value of ₹2 each) for the period ended December 31, 2024. 

In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for determining the eligibility of shareholders to receive the interim dividend has been fixed as Friday, May 2, 2025. 

The company stated that the interim dividend will be subject to applicable tax deductions and will be disbursed within the statutory timelines as prescribed by law. 

Latest Updates 

Recently, in April, ACME Solar Holdings, the flagship renewable energy arm of the ACME Group, has secured a ₹2,491 crore long-term project finance facility with a tenure of 18–20 years to refinance existing debt and reduce financing costs for its 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab.  

The refinancing, sourced from SBI and REC at a reduced weighted average interest rate of 8.8%, has enhanced the company’s credit profile and resulted in higher credit ratings for its Andhra Pradesh and Punjab entities under a co-obligor structure.  

This move supports the group’s broader objective of achieving credit upgrades and lowering interest costs across all operational assets, which include projects with an operational track record of ~9 years in Andhra Pradesh (160 MW) and Punjab (30 MW), and ~3 years in Rajasthan (300 MW). 

About ACME Solar Holdings Ltd 

Established in 2015, ACME Solar Holdings is a leading renewable energy company in India, with a diversified portfolio comprising solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE) projects. 

 

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.