Upcoming IPO: SEBI Clears Much Awaited LG Electronics India IPO

The capital market regulator, the Securities and Exchange Board of India (SEBI) has approved the highly anticipated LG Electronics India IPO. This approval, granted through an official observation letter, serves as a regulatory green light for one of the most awaited public offerings. This approval happens to be a significant action by the newly appointed SEBI Chairman Tuhin Kanta Pandey’. However, beyond the IPO, Pandey’s initial days in charge suggest a change in SEBI’s approach—from fast-paced execution to a more measured and balanced strategy.

Significant Steps by Tuhin Kanta Pandey

Pandey, who took over on March 1, brought a different approach. In his first week, he met with senior officials, including all whole-time members and executive directors, as well as junior staff and middle management—not only to discuss policy but also to ease concerns. His message? Work without undue stress, embrace a ‘healing period,’ and focus on trust, transparency, teamwork, and technology.

The Chairman’s approval for the LG IPO was required due to its large size. Any offer above ₹10,000 crore requires the Chairman’s sign-off, while smaller IPOs are approved at different authority levels as per the SEBI (Delegation of Statutory and Financial Powers) Order, 2019. During her tenure, Buch had approved major IPOs, including Hyundai Motor India (₹ 25,000 crore) and Swiggy (₹ 12,000 crore).

Process Transformation by Madhabi Puri

His predecessor, Madhabi Puri Buch, drove rapid reforms during her tenure, implementing sweeping changes, strengthening compliance, and pushing SEBI towards private-sector efficiency with an emphasis on speed and agility.

However, Buch’s fast-paced reforms weren’t universally welcomed—reports emerged of SEBI employees struggling under immense pressure, with over 500 staff members expressing concerns about a “stressful and toxic” work environment. There were also issues raised about how Key Result Areas were defined and evaluated.

Conclusion

SEBI’s new head is indicating a shift from prioritizing speed to fostering stability, ensuring both the markets and the regulator move forward without burnout, according to an insider.

 

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.

Upcoming IPOs This Week: No Mainboard IPO Scheduled, 4 New SME IPO and 5 New Listings

For the week starting March 24, 2025, the mainboard segment of the primary market will remain inactive as no new Initial Public Offerings (IPOs) will open for subscription. However, the SME segment will see the opening of 4 new public issues.

Apart from these new issues, the Indian market will also witness the listing of 5 new IPOs next week. Here’s a list of upcoming IPOs opening for subscription next week:

Desco Infratech IPO

The Desco Infratech IPO opens for subscription on March 24 and closes on March 26. This SME IPO is a book-built issue worth ₹30.75 crore, consisting entirely of a fresh issue of 20.50 lakh shares. The price band is set at ₹147 to ₹150 per share. Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar for the issue.

Shri Ahimsa Naturals IPO

The Shri Ahimsa Naturals IPO opens for subscription on March 25 and closes on March 27. This SME IPO is a book-built issue valued at ₹73.81 crore, with a combination of a fresh issue of 42.04 lakh shares worth ₹50.02 crore and an offer for sale of 19.99 lakh shares worth ₹23.79 crore. The price band is ₹113 to ₹119 per share. Srujan Alpha Capital Advisors Llp is the book-running lead manager, and Cameo Corporate Services Limited is the registrar for the issue.

ATC Energies IPO

The ATC Energies IPO opens for subscription on March 25 and closes on March 27. This SME IPO is a book-built issue worth ₹63.76 crore, with a combination of a fresh issue of 43.24 lakh shares worth ₹51.02 crore and an offer for sale of 10.80 lakh shares worth ₹12.74 crore. The price band is set at ₹112 to ₹118 per share. Indorient Financial Services Ltd is the book-running lead manager, while Kfin Technologies Limited is the registrar.

Identixweb IPO

The Identixweb IPO opens for subscription on March 26 and closes on March 28. This SME IPO is a book-built issue of ₹16.63 crore, consisting entirely of a fresh issue of 30.80 lakh shares. The price band is ₹51 to ₹54 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar.

Upcoming IPO Listings

  • Paradeep Parivahan IPO: The allotment for Paradeep Parivahan IPO was finalised on March 20, and the IPO will be listed on BSE SME on March 24.
  • Divine Hira Jewellers IPO: The Divine Hira Jewellers IPO allotment was finalised on March 20, and the IPO will be listed on NSE SME on March 24.
  • Grand Continent Hotels IPO: The allotment is expected to be finalised on March 25, and the IPO is set to list on NSE SME on March 27.
  • Rapid Fleet IPO: The allotment is expected to be finalised on March 26, and the IPO is set to list on NSE SME on March 28.
  • Active Infrastructures IPO: The allotment is expected to be finalised on March 26, and the IPO is set to list on NSE SME on March 28.

 

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.

What is the Current Status of the ICICI Securities and ICICI Bank Merger?

The Indian Banking sector is witnessing a significant moment where one of the leading banks ICICI Bank Limited is absorbing (merging) its subsidiary ICICI Securities Limited, which was listed on NSE and BSE on April 4, 2018.

The significant update came after ICICI Securities through an exchange filing stated that “the National Company Law Appellate Tribunal, New Delhi (NCLAT) on March 10, 2025, has passed 2 orders in connection with the Scheme of Arrangement amongst the Company, ICICI Bank Limited and their respective shareholders (Scheme) dismissing all the appeals filed by minority shareholders of the Company i.e. Manu Rishi Guptha (holding [0.002%] shares of the Company) and Quantum Mutual Fund (holding [0.08%]”.

Current Status of ICICI Securities and ICICI Bank

According to the exchange filing dated March 11, 2025, ICICI Securities has designated March 24, 2025, as the Record Date to identify the Public Shareholders of the Company whose Equity Shares will be cancelled, and to whom new Equity Shares of ICICI Bank Limited will be issued based on the Swap Ratio outlined in the Scheme. This means that the trading in ICICI Securities shares will cease on March 24, 2025, as ICICI Securities will be delisted from the NSE and BSE.

ICICI Bank Merger Swap Ratio

ICICI Bank will issue shares to eligible ICICI Securities shareholders at a swap ratio of 67:100. This means that for every 100 shares of ICICI Securities held, shareholders will receive 67 shares of ICICI Bank in exchange. The record date for this conversion is March 24, 2025, and only shareholders holding ICICI Securities stock on this date will be eligible for the exchange.

Conclusion

With the record date of March 24, 2025, ICICI Securities and ICICI Bank are currently different entities.ICICI Bank will issue shares to eligible ICICI Securities shareholders at a swap ratio of 67:100.

 

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.

How to Register a Startup in India: Check Step-by-Step Guide

In India, starting a business can be an exciting venture for you, but commuting the legal and regulatory process might make the process difficult. Luckily, India has simplified the registration process for startups, especially with the launch of the Startup India programme. This initiative was launched by the Ministry of Commerce and Industry to help new businesses get off the ground with streamlined procedures and numerous benefits.

In this blog, we’ll guide you through the steps to register your startup with the government under the Startup India programme.

Step-by-Step Process for Online Startup Registration

Now that you know the eligibility criteria and benefits, let’s dive into the detailed process of registering your startup under the Startup India programme.

Step 1: Visit nsws.gov.in.

Step 2: Sign up for a new account or log in if you already have one.

Step 3: Select Your Business Entity Type

Step 4: Choose the type of entity you’re registering:

  • Incorporated Company
  • Limited Liability Partnership (LLP)
  • Sole Proprietor
  • Others (if applicable)

Step 5: Enter Your Company Details

  • Company PAN Details
  • Registered Address
  • Digital Signature Certificate (DSC)

Step 6: Verify and Register Your Digital Signature Certificate

  • Review the pre-filled details on the screen.
  • Add your DSC and click on ‘Register DSC’ to continue.

Step 7: Apply for Startup Recognition

  • In the ‘My Dashboard’ section, click on ‘Apply on’ and select ‘Register as a Startup’.
  • Complete the registration form with the necessary details.

Step 8: Self-Certification and Document Submission

  1. Under ‘Self Certification’, upload necessary documents like the Certificate of Incorporation and an Authorization Letter.
  2. Accept the terms and conditions and acknowledgements.

Step 9: Review and Submit

  • Save and Review: Before applying, review your form carefully.
  • Submit the Application: Once you confirm the details, submit your application.

Step 10: Await Approval and Download the Certificate

What are the Eligibility Criteria for Startup Registration?

Before you dive into the registration process, ensure your business meets the following criteria:

  1. Age of the Business: Your startup should be operational for less than 10 years.
  2. Business Type: It should be incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or a Registered Partnership Firm.
  3. Turnover Limit: The annual turnover of your business should not exceed Rs. 100 crore in any of the financial years since its incorporation.

By registering under the Startup India programme, your business can unlock a range of benefits, including:

  • Funding Opportunities
  • Tax Exemptions
  • Patent Filing Benefits
  • Public Procurement
  • Support for Winding Up and More

Conclusion

Registering a startup in India is an essential step toward growing your business and gaining access to numerous support systems. The Startup India programme offers you a variety of benefits, making the process of registration easy and beneficial.

 

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.

RVNL Share Price Rose ~3% After Receiving NHAI Project

On March 21, 2025, RVNL share price soared ~3%, reaching a day high of ₹373.70 at 11:10 AM, after opening at ₹360.60 on BSE. The gain in RVNL share price came after the company announced receiving a Letter of Acceptance (LoA) from the National Highway Authority of India (NHAI).

RVNL Contract Details

The contract is related to the “Construction of 6 lane Access Controlled connectivity to Visakhapatnam Port Road from Km 0.000 (Sabbavaram bypass of Anakapalli – Anandapuram corridor) to Km 12.660 (Sheelanagar junction) of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH (O) on Hybrid Annuity Mode. The cost of the project is estimated to be ~₹554.64 crore.

RVNL Signed MoU

Recently, RVNL signed a MoU with M/s Abhinava Strategic Partners Pvt Ltd (ASP) to provide advisory services to RVNL related to projects in the field of Railways, MRTS, Tunnels, Roads (Highways & Expressways), Bridges, Building Works, Airports, Ports, Irrigation, Power Transmission and Distribution sector, Solar sector, Wind sector, Hydro Power Sector etc. as and when opportunities arise in Saudi Arabia & Middle East Region.

RVNL Order Book Details

As per the earnings call transcript for the quarter ended December 31, 2025, the company reported an order book of ₹97,000 crores, out of which ₹49,000 crores from the bidding works and ₹47,000 from the railway works.

 

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.

These Stocks to Benefit From Ethanol Blending Programme: Shree Renuka, EID Parry and More

India has been making strides in its efforts to reduce dependence on fossil fuels and increase the adoption of renewable energy sources. A significant part of this effort is the National Policy on Biofuels, which aims to promote the use of biofuels like ethanol in petrol. The policy has undergone several changes, the most notable being the amendment in 2022, which advanced the target for ethanol blending from 2030 to the Ethanol Supply Year (ESY) 2025-26.

Ethanol Blending Milestones: Surpassing Expectations

The National Policy on Biofuels – 2018, revised in 2022, brought forward the ambitious target of 20% ethanol blending in petrol. Originally set for 2030, the new target aims to achieve this blend by 2025-26. This accelerated timeline is a reflection of the government’s commitment to enhancing energy security, promoting cleaner fuel options, and supporting farmers through the demand for feedstocks for ethanol production.

Public Sector Oil Marketing Companies (OMCs) have already exceeded expectations by reaching the 10% ethanol blending target in June 2022, a full five months ahead of the target during the Ethanol Supply Year (ESY) 2021-22. Since then, ethanol blending has continued to rise, reaching 12.06% in ESY 2022-23, 14.60% in ESY 2023-24, and an impressive 17.98% in ESY 2024-25, up to February 2025. However, there has been no decision yet on increasing blending beyond the 20% mark.

Stocks to Benefit from Rising Ethanol Blending

Name Market Cap (₹ Crore) 5Y CAGR (%)
Triveni Engineering and Industries Ltd 8,323.60 57.61
Shree Renuka Sugars Ltd 6,249.25 49.74
Balrampur Chini Mills Ltd 10,923.93 43.34
E I D-Parry (India) Ltd 13,360.93 42.60

Note: The above-mentioned Ethanol Stocks have been selected and sorted based on 5Y CAGR as of March 21, 2025.

Diverse Feedstocks for Ethanol Production

The National Policy on Biofuels also promotes the use of various feedstocks for ethanol production, which is crucial for reducing dependency on food grains that might otherwise be used for human consumption. These feedstocks include surplus food grains, corn, cassava, spoiled potatoes, broken rice, and even agricultural residues like rice straw, corn cobs, and bagasse.

The policy allows for a flexible approach where the amount of feedstock used for ethanol production can vary each year based on availability, cost, and market demand. The government works in close consultation with stakeholders to ensure that the diversion of materials like sugarcane juice, maize, and other food grains does not disrupt the food supply chain.

Government Measures to Support Ethanol Production

Since 2014, the Indian government has introduced a range of measures to support farmers and ethanol producers in scaling up production under the Ethanol Blending Programme (EBP). These measures include:

  • Expanding feedstock options for ethanol production.
  • Introducing a regulated price mechanism for ethanol procurement under the EBP.
  • Reducing the Goods and Services Tax (GST) rate on ethanol for the EBP to 5%.
  • Amending the Industries (Development and Regulation) Act to facilitate the movement of ethanol across state borders.
  • Simplifying the ethanol procurement process for Public Sector OMCs.
  • Advancing the ethanol blending target to 2025-26, from 2030.

In addition, the government introduced Ethanol Interest Subvention Schemes (EISS) between 2018-2022 to incentivize ethanol production from both molasses and grains, aiming to establish ethanol plants. Long-term offtake Agreements (LTOAs) were also signed between OMCs and Dedicated Ethanol Plants (DEPs), ensuring a stable supply of ethanol for blending.

What’s Next for Ethanol Blending in India?

India’s journey towards achieving a 20% ethanol blend in petrol by 2025-26 is an ambitious but achievable goal. The continued rise in ethanol blending, coupled with the government’s proactive policies, has set the stage for a cleaner, greener, and more energy-secure future.

As India moves forward, the focus will likely shift toward improving the efficiency of ethanol use, expanding feedstock options, and ensuring that the infrastructure needed for ethanol production and blending is scalable. Moreover, further innovations in vehicle technology and biofuel production processes will be crucial in minimizing the environmental and economic impact of ethanol blending.

Conclusion

The National Policy on Biofuels and the ongoing push for increased ethanol blending are vital steps toward transforming India’s energy landscape. The next 5 years will be critical in determining how successfully these initiatives can be implemented, benefiting both the economy and the environment.

 

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.

EPFO Released Jan 2025 Payroll Data: Net Payroll Addition Rose ~12% YoY

On March 20, 2025, the Employees’ Provident Fund Organisation (EPFO) released provisional payroll data for January 2025, which indicates a net increase of 17.89 lakh members. This reflects a growth of 11.48% in net payroll additions against December 2024.

When comparing on a YoY basis, there was an 11.67% growth in net payroll additions from January 2024. This implies an increase in employment opportunities and heightened awareness of employee benefits, supported by EPFO’s outreach efforts.

New Subscribers

EPFO added approximately 8.23 lakh new subscribers in January 2025, marking a 1.87% growth compared to January 2024. This increase in new subscribers is attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s effective outreach programs.

Age Group 18-25 Leads Payroll Additions

The 18-25 age group continues to dominate, with 4.70 lakh new subscribers from this age range, accounting for 57.07% of all new subscribers in January 2025. This group saw a 3.07% increase compared to January 2024. Additionally, the net payroll addition for this age group in January 2025 reached around 7.27 lakh, reflecting a 6.19% increase from December 2024 and an 8.15% growth from January 2024. This trend aligns with the broader pattern of youth, particularly first-time job seekers, joining the organized workforce.

Rejoined Members

The data reveals that around 15.03 lakh members exited and later rejoined EPFO, representing a substantial year-over-year growth of 23.55% compared to January 2024. These members transferred their accumulated funds instead of opting for final settlements, thereby securing their long-term financial well-being and continued social security coverage.

Growth in Female Membership 

The payroll data shows that 2.17 lakh new female subscribers were added in January 2025, reflecting a 6.01% year-over-year increase from January 2024. The net female payroll addition for the month stood at approximately 3.44 lakh, showing a 13.48% rise from December 2024 and a 13.58% increase from January 2024. This growth underscores a shift toward a more inclusive and diverse workforce.

State-wise Contribution

The top five states and Union Territories contributed to 59.98% of the total net payroll addition, amounting to around 10.73 lakh members. Maharashtra led with 22.77% of the net payroll addition. Other states and UTs, including Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Uttar Pradesh, and Telangana, each contributed over 5% of the total net payroll.

Industry-wise Trends

Month-on-month comparisons of industry data show notable growth in net payroll additions in industries such as Expert Services, Financing Establishments, Other Sectors, Electrical/Mechanical/General Engineering Products, Road Motor Transport, Beedi Making, and Fruit & Vegetable Preservation. Expert services accounted for 39.86% of the total net payroll additions.

Conclusion

This payroll data is provisional as data generation is an ongoing process, with updates made regularly due to various factors such as new ECRs being filed or modified. Since April 2018, EPFO has been releasing payroll data from September 2017 onwards, including figures for first-time members joining via Aadhaar-validated Universal Account Numbers (UAN), exits from EPFO membership, and rejoined members.

 

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.

SEBI Proposes Clarifications on Minimum Holding Period and ESOPs for Founders

In an effort to simplify processes for public offerings, the markets regulator SEBI proposed clarifications on the minimum holding period for equity shares in Offer for Sale (OFS) and on employee stock options (ESOPs) for founders designated as promoters.

Consultation Paper on ICDR Regulation

In its consultation paper, SEBI recommended changes to the ICDR (Issue of Capital Disclosure Requirements) rules and the SEBI (Share-Based Employee Benefits and Sweat Equity) norms.

If implemented, these proposals would bring greater clarity and consistency, aligning the eligibility criteria for OFS and Minimum Promoter Contribution (MPC) requirements. The changes aim to standardize the treatment of shares obtained through various methods, such as the mandatory conversion of securities or approved schemes.

Regarding the minimum holding period for equity shares in OFS, SEBI suggested amending the rules to clarify that the holding period should include both fully paid-up compulsorily convertible securities and the resulting equity shares. This would extend the exemption from the one-year holding period to shares acquired through an approved scheme.

Under the current rules, equity shares in a public offering must be held for at least one year before filing the draft offer document. However, there is uncertainty about whether this rule applies to shares obtained through the conversion of fully paid-up compulsorily convertible securities (e.g., depository receipts).

Clarification on ESOPs

SEBI also proposed clarifying the treatment of ESOPs granted to founders before filing the Draft Red Herring Prospectus (DRHP). The regulator suggested adding an explanation that share-based benefits granted to founders would continue if the founder is classified as a promoter at the time of filing.

The restriction on new issuances under the Share-Based Employee Benefit Scheme (SBEB) for promoters would still apply to such founders classified as promoters, SEBI noted.

Currently, the SBEB Regulations do not explicitly address whether granted ESOPs (both vested and unvested) can be exercised when an employee is later categorized as a promoter. SEBI has invited public comments on these proposals until April 10.

 

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.

NMDC Shares to Trade Ex-Date on March 21: Interim Dividend of ₹2.30

On March 21, 2025, NMDC shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹2.30 interim dividend.

NMDC Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Sep 17, 2024 Final 1.50
Feb 27, 2024 Interim 5.75
Aug 31, 2023 Final 2.85

NMDC Production Highlights

In February 2025, the production from Chhattisgarh was 3.37 million tonnes (MT), slightly lower than the 3.41 MT recorded in February 2024. Sales from the state in February 2025 stood at 2.79 MT, marginally higher than the 2.78 MT in the same month last year. Cumulatively, from April 2024 to February 2025, Chhattisgarh produced a total of 27.49 MT and sold 28.09 MT, compared to 28.13 MT produced and 27.99 MT sold in the same period of the previous year. In Karnataka, production in February 2025 was 1.25 MT, significantly higher than the 0.51 MT in February 2024.

Sales during the month amounted to 1.19 MT, slightly below the 1.21 MT in February 2024. For the cumulative period up to February 2025, Karnataka’s production reached 13.00 MT, with 12.11 MT sold, compared to 12.11 MT produced and 12.49 MT sold in the corresponding period of the previous year. Overall, the total iron ore production in February 2025 was 4.62 MT, while the sales amounted to 3.98 MT. The cumulative total production for the year up to February 2025 was 40.49 MT, with 40.20 MT sold, showing a slight decrease in comparison to the previous year’s cumulative totals of 40.24 MT produced and 40.48 MT sold.

 

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.

IRFC Shares to Trade Ex-Date on March 21: Interim Dividend of ₹0.80

On March 21, 2025, IRFC shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹0.80 interim dividend.

IRFC Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Nov 12, 2024 Interim 0.80
Aug 22, 2024 Final 0.70
Nov 10, 2023 Interim 0.80

IRFC Business Highlights

IRFC has entered into Memorandums of Understanding (MoUs) with RITES, IIFCL, and NTPC to foster strategic collaborations. As part of its efforts, IRFC has approved the financing of 20 BOBR rakes, which were procured under the Ministry of Railways’ General-Purpose Wagon Investment Scheme (GPWIS), for NTPC. This financing, amounting to up to ₹700 crore, is being provided under a finance lease agreement, with the lease for 8 BOBR rakes officially signed on January 15, 2025.

Additionally, IRFC has successfully emerged as the L1 bidder for a ₹3,167 crore rupee term loan to fund the capital expenditure of the Banhardih Coal Block project by Patratu Vidyut Utpadan Nigam Limited (PVUNL). Furthermore, on January 2, 2025, IRFC signed an MoU with Railway Energy Management Company Ltd (REMCL), a joint venture between RITES Ltd and Indian Railways, to collaborate on financing renewable energy projects awarded by REMCL for supplying energy to Indian Railways.

 

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.