Power Grid Corporation of India Ltd, a state-owned company, has been awarded the contract for a significant transmission project under Tariff-Based Competitive Bidding (TBCB). The project, titled Transmission System Strengthening at Kurnool-III PS for Integration of Additional RE Generation Projects, was announced on March 6, 2025.

This ambitious project will be developed under the Build, Own, Operate, and Transfer (BOOT) model. It includes the augmentation of transformation capacity at the existing Kurnool-III substation, along with extension works at the C’peta substation.

Additionally, a 765kV double-circuit transmission line will be established, all located in the state of Andhra Pradesh. The aim is to strengthen the transmission network in the region to accommodate an increase in renewable energy (RE) generation capacity.

Scope of the Project

• Augmentation of transformation capacity at the Kurnool-III substation
• The extension works at the C’peta substation
• Establishment of a 765kV double-circuit transmission line

This project marks another milestone for Powergrid in enhancing the energy infrastructure in Andhra Pradesh, a state that is rapidly expanding its renewable energy capabilities. By strengthening the transmission system, the initiative will ensure more stable and efficient integration of renewable energy into the grid, supporting India’s clean energy goals.

Powergrid Q3FY25 Performance

On a separate note, Power Grid Corporation of India recently reported a 4.1% decline in its net profit for the third quarter of the fiscal year, which ended on December 31, 2024. The company’s net profit for the quarter stood at ₹3,861.6 crore, down from ₹4,028.3 crore during the same period last year.

Moreover, the company’s revenue from operations also saw a decrease of 3%, reaching ₹11,233 crore, compared to ₹11,579.8 crore in the corresponding quarter of the previous fiscal year. Despite the dip in profits and revenue, the company continues to play a pivotal role in India’s energy sector, particularly in its focus on expanding the country’s transmission infrastructure to support the increasing demand for renewable energy.

Conclusion

As Power Grid Corporation of India continues to strengthen and expand its transmission network, the latest project in Andhra Pradesh further solidifies its position as a critical player in India’s energy future.

 

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 7, 2025, Gensol Engineering share price will be in focus following the company’s announcement of the re-appointment of Jabirmahendi Aga as its new Chief Financial Officer (CFO), effective immediately.

Jabirmahendi Aga takes over from Ankit Jain, who has chosen to explore other opportunities. With over 14 years of experience in finance and a strong understanding of Gensol’s financial operations, Jabir previously held the role of CFO at Gensol Engineering Limited.

In his new position, Jabir will report directly to Anmol Singh Jaggi, Chairman & Managing Director of Gensol Engineering Limited.

Gensol remains focused on its strategic goals and is confident that this leadership transition will support the achievement of its financial and operational targets.

Chairman Comments on Appointments

“We are delighted to welcome Jabir back to the team and are confident that his expertise and experience will be invaluable in driving the company’s future growth and success.,” said Anmol Singh Jaggi, Chairman & Managing Director of Gensol Engineering Limited. “His long-standing association with Gensol and his proven track record make him the ideal candidate to guide our financial operations. We are confident that his expertise will be invaluable as we steer the current market landscape and drive our strategic growth initiatives. We are going through a tough time, and Jabir is the man best suited to lead us through it.”

“I would also like to take the opportunity to thank Ankit Jain for his contributions over the past months. His contributions have been instrumental, and we wish him all the best in his future endeavours,” added Anmol Singh Jaggi.

Gensol Engineering Share Price Performance

In the past 9 trading sessions, Gensol Engineering shares have trimmed over 57%. The shares of Gensol Engineering have come down from a high of ₹584.45 on February 24, 2025, to a low of ₹303 on March 7, 2025, on BSE.

 

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 7, 2025, NMDC share price will be in focus as NMDC announced that it had appointed Shri Amitava Mukherjee as the Chairman and Managing Director on March 6, 2025. In addition, Shri Amitava Mukherjee will act as the Chairman of NMDC Steel Limited and Legacy Iron Ore Limited.

About Shri Amitava Mukherjee

Shri Amitava Mukherjee joined NMDC as Director (Finance) in November 2018 and took on the additional role of CMD in March 2023. A Cost Accountant and a senior officer from the 1996 batch of the Indian Railway Accounts Services (IRAS), he has held various important positions in the Government of India, contributing significantly to the nation’s industrial and economic development.

Under his leadership, NMDC achieved a historic milestone by becoming the first iron ore mining company in India to exceed a 45 million tonne output in FY24. He has guided NMDC to record-breaking turnover and net worth, implemented advanced digital and technical infrastructure, and revived operations at the country’s only mechanized diamond mine.

NMDC Monthly Business Update

In Chhattisgarh, the production for February 2025 was 3.37 million tonnes (MT), slightly lower than 3.41 MT in February 2024. Sales in February 2025 reached 2.79 MT, marginally higher than the 2.78 MT in February 2024. Cumulatively, up to February 2025, production stood at 27.49 MT, while sales totalled 28.09 MT, compared to 28.13 MT of production and 27.99 MT of sales up to February 2024.

In Karnataka, production for February 2025 was 1.25 MT, up from 0.51 MT in February 2024, with sales of 1.19 MT, slightly lower than 1.21 MT the previous year. Cumulatively, up to February 2025, production reached 13.00 MT, while sales amounted to 12.11 MT, compared to 12.11 MT in production and 12.49 MT in sales up to February 2024.

Overall, total production for February 2025 was 4.62 MT, with sales of 3.98 MT. Cumulative production reached 40.49 MT, while sales totalled 40.20 MT up to February 2025, slightly lower than the 40.24 MT of production and 40.48 MT of sales recorded up to February 2024.

 

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 07, 2025, SBI Life shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹2.70 interim dividend.

SBI Life Dividend History

SBI Life Q3FY25 Earnings Highlights

SBI Life has maintained its leadership position in Individual Rated Premium, reaching 145.5 billion with a 25.3% private market share in 9M FY 25. It has experienced a 12% growth in Individual New Business Premium, totalling 198.6 billion in the same period. Additionally, Protection New Business Premium stands at 27.9 billion. Gross Written Premium (GWP) grew by 9% to 609.8 billion, primarily driven by a 12% increase in New Business Regular Premium (RP) and a 15% growth in Renewal Premium (RP).

SBI Life boasts a robust distribution network of 309,590 trained insurance professionals, including Agents, CIFs, and SPs, alongside a widespread presence with 1,086 offices across the country. Its diversified distribution channels include a strong bancassurance channel, agency channel, and other channels such as corporate agents, brokers, micro agents, common service centres, insurance marketing firms, web aggregators, and direct business.

For 9M FY 25, the APE channel mix comprises 63% from bancassurance, 28% from agency, and 9% from other channels. Notably, Individual NBP from the Agency channel has grown by 36% to 52.6 billion, while Individual NBP from Other channels has increased by 26% to 25.3 billion compared to the same period last year.

 

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.

The wastewater treatment industry is undergoing substantial growth and transformation, fueled by a combination of factors including urbanization, industrialization, regulatory requirements, and a growing awareness of environmental issues. Wastewater treatment plays a crucial role in preserving water quality, protecting public health, and maintaining aquatic ecosystems. As urban populations expand and industrial activities increase worldwide, the amount of wastewater produced is steadily rising, creating a need for more advanced treatment solutions to minimize environmental impact.

A key factor driving growth in the wastewater treatment sector is the increasing demand for efficient purification technologies that can handle a wide range of contaminants. In 2023, the water treatment market was valued at over USD 139.57 billion, and it is projected to grow at a compound annual growth rate (CAGR) of 6.23% during the forecast period. In this article, we will look at the best water stocks based on ROE.

Best Water Stocks in India Based on ROE

Note: The stocks have been selected and sorted based on ROE as of March 6, 2025

Overview of Best Water Stock

1. Enviro Infra Engineers Limited

Enviro Infra Engineers is involved in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. Revenue from operations for Q3 FY25 stood at ₹247.45 crores, compared to ₹149.94 crores in Q3 FY24, reflecting a strong year-on-year growth of 65%. EBITDA for the quarter was ₹53.94 crores, a significant increase from ₹27.67 crores in Q3 FY24, registering a 95% year-on-year growth.

Key Metrics

• ROE: 51.95%
• ROCE: 34.5%

2. Va Tech Wabag Ltd

Va Tech Wabag Ltd is engaged in the business of water treatment field. With strong payment securities in place, the company order backlog remains solid, ensuring clear revenue visibility for the coming years. The company’s international business continues to perform well, accounting for 48% of the revenue for the first 9 months, driven by overseas projects. International projects now represent 40% of the order backlog, further reinforcing Wabag’s strong global presence.

Key Metrics

• ROE: 14.4%
• ROCE: 19.8%

3. Indian Hume Pipe Co. Ltd

Indian Hume Pipe Co. Ltd. was incorporated in 1926. The Company is in the business of manufacturing, laying and joining of pipelines. The company believes that the Urban boundaries are expanding further into peripheral areas, yet essential amenities such as water supply and drainage are not keeping up with the growing demands of urbanisation. Additionally, many rural areas in India still lack access to clean drinking water.

Key Metrics

• ROE: 10.1%
• ROCE: 13.2%

Conclusion

Investing in water stocks can be an interesting and potentially lucrative strategy, especially considering the growing importance of water resources as the global population increases and climate change impacts water availability.

 

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.

Greaves Electric Mobility Limited (GEML), the electric mobility division of Greaves Cotton Limited (GCL), has entered into a partnership with Indofast Energy. Indofast Energy is a joint venture between Indian Oil and SUN Mobility, designed to enhance last-mile transportation for B2B fleets and ride-sharing services. The aim is to provide innovative, efficient, and customized e-2W and energy solutions that address the evolving needs of the industry.

Battery Swapping Technology

This collaboration introduces the Ampere ‘Magnus SW.S,’ which is powered by Indofast Energy’s advanced battery-swapping technology. Specifically designed for gig economy riders who cover more than 100 km daily, this solution reduces downtime by enabling quick and efficient battery swaps. Leveraging Indofast Energy’s expanding battery-swapping network, customers can replace depleted batteries with fully charged ones, leading to reduced operational costs and increased efficiency.

The partnership aligns with Greaves’ core values of ‘Empowering Lives’ and ‘Democratizing Smart and Sustainable Mobility.’ It also supports Indofast Energy’s vision of making battery swapping the default mode of charging for all commuters, revolutionizing the way electric vehicles are powered.

Management Take on Partnership

Speaking about the collaboration, Mr Arun Srivastava, Head of B2B Business at Greaves Electric Mobility, said: “Our partnership with Indofast Energy represents a step forward in addressing the evolving needs of the mobility sector. By integrating advanced battery-swapping technology with the Magnus platform, we are aiming to enable quick, efficient, and sustainable operations for businesses and gig economy partners.”

Rajat Malhan, Senior Vice President of Indofast Energy, said, “Indofast Energy remains committed to delivering technologically advanced, convenient, and sustainable solutions to drive green mobility in India. Ampere Magnus SW.S is a fantastic addition to our suite of offerings especially for commercial applications. This vehicle will be available not only for fleets but also for driver cum gig operators through Ampere’s network. We are looking to deploy 50,000+ vehicles in the next year via our fleet partners and driver-owners. Together, we are not just enabling efficient and eco-friendly last-mile connectivity but also empowering businesses and gig workers with smarter, cost-effective mobility solutions.”

 

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 6, 2025, as of 12:15 PM, the BSE Sensex was up 0.27% at 73,933.75, while the Nifty 50 was up 0.32% at 22,409.75. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Asian Paints

With a rise of ₹79.25 from the opening price, Asian Paints shares surged 3.46% to ₹2,239.10, hitting a high of ₹2,247.90.

Tata Steel

Tata Steel shares gained ₹3.18, or 2.65%, reaching ₹149.97 after opening at ₹146.79, with a high of ₹150.14.

Hindalco 

Hindalco shares saw a 2.64% jump, climbing ₹9.75 to ₹674.70, peaking at ₹676.55 from an opening of ₹664.95.

BPCL 

BPCL shares increased by 2.41% to ₹262, hitting a high of ₹264.29 after opening at ₹260.

Axis Bank 

Axis Bank shares gained 2.37% to ₹1,038.50, reaching a high of ₹1,039.50 from an opening price of ₹1,022.60.

Mid-Day Top Losers

Trent

Trent shares dropped 1.97%, to ₹5,005.55, hitting a low of ₹4,970.95 after opening at ₹5,174.50.

Tech Mahindra

Tech Mahindra shares declined by 1.29% to ₹1,518.20, touching a low of ₹1,513.00 from an opening price of ₹1,541.00.

Power Grid

Power Grid shares fell 0.78% to ₹262.35, hitting a low of ₹260.70 from an opening of ₹265.15.

HDFC Life

HDFC Life shares decreased by 0.72% to ₹616.75, reaching a low of ₹612.60 after opening at ₹621.20.

BEL

BEL shares dropped 0.71% to ₹272.97, touching a low of ₹271.83 after opening at ₹276.21.

 

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.

Swan Energy shares price continued their gaining streak for the 3rd consecutive day, reaching a day high of ₹449.90 at 11:15 AM, after opening at ₹444.20. Over the past three days, Swan Energy shares have gained more than 8%. Swan Energy operates in the energy sector, with a focus on textiles and green energy initiatives.

Swan Energy Q3FY25 Earnings

During Q3FY25, Swan Energy Ltd reported a total income of ₹3776.58 crores, marking a remarkable 255.1% increase compared to ₹1,063.51 crores in the previous quarter (Q2FY25). When compared to the same quarter in the previous fiscal year (Q3FY24), which had a total income of ₹1,654.46 crores, the company saw a year-over-year increase of 128.3%.

The company’s operating expenses in Q3FY25 were ₹2669.75 crores, a 165.4% rise from ₹1006.10 crores in Q2FY25. Compared to Q3FY24, where expenses were ₹1420.53 crores, this represents an 87.9% increase year-over-year. These figures indicate a substantial rise in expenses alongside the growth in revenue. Overall, Swan Energy has shown strong financial performance, with significant improvements in both income and profitability compared to the previous periods.

 

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.