Power Grid Corporation of India Ltd (POWERGRID) has been awarded 3 interstate transmission system (ISTS) projects under the Build, Own, Operate, and Transfer (BOOT) model. The company received the Letter of Intent (LoI) for these projects on March 3, 2025, through tariff-based competitive bidding (TBCB).

As of March 5, 2025, at 9:45 AM, Power Grid Corporation of India Ltd was trading at ₹258.75, up ₹4.75 (1.87%) for the day, while it has declined 9.27% in the past month and 12.29% over the past year.

Transmission System for Rajasthan REZ

The first project involves setting up a transmission system for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase-V (Part-1: 4 GW). This includes augmenting the transformation capacity at the under-construction Sirohi substation in Rajasthan and developing 765kV double-circuit transmission lines across Rajasthan and Madhya Pradesh.

Augmentation of Transformation Capacity in Gujarat

The second project focuses on increasing the transformation capacity at Banaskantha (Raghanesda) Power Station (GIS) in Gujarat. The project includes ICT augmentation works at the existing substation to support power transmission in the region.

Transmission System for Kurnool-IV REZ

The third project involves the integration of Kurnool-IV REZ Phase-I (4.5 GW). It includes the establishment of a new 765/400/220kV pooling substation in Kurnool, Andhra Pradesh, augmentation of transformation capacity at the existing C’peta substation, and the development of 765kV and 400kV double-circuit transmission lines across Andhra Pradesh and Karnataka.

Q3 FY25 Financial Performance

For the third quarter ending December 31, 2024, Power Grid reported a 4.1% decline in net profit at ₹3,861.6 crore, compared to ₹4,028.3 crore in Q3 FY24.

Revenue from operations fell 3% to ₹11,233 crore, from ₹11,579.8 crore in the same period last year. EBITDA declined 6.9% year-on-year, reaching ₹9,537.9 crore from ₹10,242.9 crore in Q3 FY24.

Conclusion

Power Grid Corporation of India Ltd has secured three interstate transmission projects under the BOOT model, expanding its network across multiple states. The company’s Q3 FY25 results showed a drop in net profit and revenue, while its stock saw slight 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.

Marsons Limited has secured an order worth ₹9.49 crore (exclusive of taxes) from Inox Wind Limited. The order is for the supply of a 160 MVA, 220 kV class Extra High Voltage (EHV) Power Transformer. The company disclosed the information to the Bombay Stock Exchange (BSE) in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As of March 5, 2025, Marsons Ltd is trading at ₹129.95, up ₹0.35 (0.27%) at 9:53 AM. Over the last month, the stock has dropped 23.40%, but it has gained 354.69% over the past year. Meanwhile, Inox Wind Ltd is currently at ₹148.37, rising ₹3.63 (2.51%) as of 9:54 AM. The stock is down 12.90% in the past month but has seen a 13.04% increase over the last year.

Order Details and Execution

The transformer is scheduled to be delivered by July 30, 2025. The order has been placed by a domestic entity and does not fall under related-party transactions. Marsons has clarified that its promoter group has no financial interest in Inox Wind. The financial impact of this order will be reflected in the company’s revenue over the execution period.

EHV transformers are a part of power transmission infrastructure, handling high-voltage electricity distribution. These transformers play a role in energy projects requiring stable and efficient transmission systems. Marsons has not disclosed any additional conditions attached to the order.

Company Information

Marsons Limited, established in 1976, is headquartered in Kolkata, West Bengal. The company manufactures power transformers and related electrical equipment. It supplies transformers for various applications, including industrial and power distribution networks.

Inox Wind Limited operates in the wind energy sector, providing wind power solutions and related infrastructure. The company procures equipment such as transformers for integrating wind-generated electricity into the grid. 

Conclusion 

The order from Inox Wind adds to Marsons Limited’s business operations in power equipment manufacturing. The financial impact will be reflected over the execution period, with delivery scheduled by July 30, 2025. Any further updates on this contract may be included in the company’s future regulatory filings and financial reports.

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.

Rail Vikas Nigam Limited (RVNL) is a premier central public sector enterprise under the Ministry of Railways, Government of India. Established in 2003, it serves as the dedicated construction arm of Indian Railways, spearheading critical infrastructure projects such as track doubling, new line development, electrification, and the construction of major bridges.

Order Details

On March 4, 2025, the state-run railway and construction giant announced the receipt of a prestigious order worth ₹730 crore from the Himachal Pradesh State Electricity Board. 

The contract pertains to the development of distribution infrastructure in Himachal Pradesh’s central zone under the Revamped Reforms-based and Results-linked Distribution Sector Scheme. As per the exchange filing, the project is to be executed within a stipulated period of 24 months.

“It is hereby informed that Rail Vikas Nigam Limited has received a Letter of Acceptance from HPSEBL for the Development of Distribution Infrastructure in the CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (Loss Reduction Work),” RVNL declared in its regulatory statement.

RVNL Q3 FY25 Results

Despite these milestone achievements, RVNL reported a 13.1% year-on-year (YoY) decline in net profit for the third quarter ending 31st December 2024, with earnings standing at ₹311.6 crore. Revenue during the period witnessed a modest contraction of 2.6%, amounting to ₹4,567.4 crore. 

At the operational level, EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) declined by 3.9% YoY to ₹239.4 crore, while the EBITDA margin remained largely stable at 5.2%.

Share Price Performance 

At 9:27 AM on March 5, 2025, Rail Vikas Nigam Ltd. shares traded 2.08% higher at ₹332.95 per share on the NSE.

Conclusion

Rail Vikas Nigam Limited continues to fortify its position as a key driver of India’s infrastructure evolution. Securing high-value contracts like the Himachal Pradesh power distribution project underscores RVNL’s prowess in executing large-scale, transformative developments.

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.

Grasim Industries Limited, established in 1947, is the flagship entity of the Aditya Birla Group and stands among India’s most esteemed publicly listed corporations. Initially a textiles manufacturer, Grasim has since evolved into a multifaceted conglomerate with a commanding presence across various industries.

New Production Facility

On March 4, 2025, Grasim Industries announced the commencement of commercial production at its Birla Opus Paints plant in Mahad, Maharashtra, effective immediately. The state-of-the-art facility boasts an installed capacity of 180 million litres per annum (MLPA) for water-based paint, 20 MLPA for distemper, and 30 MLPA for solvent-based paint.

Expanding Capacity

With this milestone, five of Grasim’s 6 greenfield paint plants are now operational, bringing the total installed capacity for decorative paints under the ‘Birla Opus’ brand to an impressive 1,096 MLPA. The newly launched production will cater to the surging domestic demand, reinforcing Grasim’s strategic expansion in the paints sector.

“With the commencement of commercial production at our Mahad plant, five out of our six greenfield plants are now operational, elevating our total installed capacity for decorative paints under the ‘Birla Opus’ brand to 1,096 MLPA,” the company stated in a regulatory filing.

Grasim Industries Q3 FY25 Results

Grasim reported a net loss of ₹168.7 crore in Q3 FY25, a substantial increase from the ₹74 crore loss recorded in the same period last year. This contrasts sharply with the previous year’s net profit of ₹236 crore. However, revenue surged by 26.9% to ₹8,120.3 crore, compared to ₹6,400 crore in the prior year. 

The company’s EBITDA saw a decline of 48.2% in the December quarter, standing at ₹270.6 crore against ₹522.6 crore in the corresponding period last year.

Share Price and Performance 

At 9:43 AM on March 5, 2025, Grasim Industries Ltd shares traded in green at ₹2,394.70 per share on the NSE.

Conclusion

Grasim Industries’ launch of commercial production at the Birla Opus Paints plant in Mahad marks a significant milestone in its entry into the paints sector. With a substantial installed capacity across multiple paint categories, the facility reinforces the company’s commitment to scaling up operations and competing with established players.

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.

Walchandnagar Industries Limited (WIL) is a distinguished Indian enterprise specialising in heavy engineering products and Engineering, Procurement, and Construction (EPC) services. Founded in 1908 by the visionary industrialist Walchand Hirachand Doshi, WIL has been instrumental in shaping India’s industrial landscape and driving infrastructure advancements.

WIL Acquisition of Aicitta

WIL announced that its Board of Directors, in a meeting held on Tuesday, March 4, 2025, approved the acquisition of securities in Aicitta Intelligent Technology Private Limited (Aicitta). Aicitta is a pioneering entity engaged in research and development within the defence sector, particularly in unmanned systems.

The acquisition will be executed in multiple tranches over a period of 31 months, with the first tranche expected within 45-60 days, subject to standard conditions. WIL views this investment as a crucial step in fortifying its presence in the defence sector by harnessing synergies with Aicitta’s cutting-edge expertise in autonomous technologies.

About the Project

“The transaction shall be completed in phases over 31 months from the initial investment, with each tranche contingent upon customary conditions, prerequisites, and milestones outlined in the transaction documents,” the company stated.

The deal involves formal agreements with Aicitta’s promoters, Arjun Das and Vikram Sarin, encompassing a share subscription agreement and a shareholders’ agreement, solidifying WIL’s stake in this high-growth venture.

WIL Q3 FY25 Results

WIL reported a resilient performance in Q3 FY25, with total revenue standing at ₹62.39 crore, a marginal decline from ₹62.60 crore year-on-year. Revenue from operations surged to ₹59.07 crore from ₹55.86 crore in Q3 FY24. 

The company’s EBITDA stood at negative ₹2.36 crore, compared to negative ₹1.23 crore last year, with the EBITDA margin at -3.99%. Pre-tax loss improved to ₹17.13 crore from ₹18.66 crore, with the pre-tax loss margin narrowing to -29% from -33% YoY.

Share Price Performance 

At 9:29 AM on March 3, 2025, Walchandnagar Industries Ltd shares traded 3.02% up at ₹158.93 per share on the NSE.

Conclusion

Walchandnagar Industries Limited reinforces its commitment to innovation and expansion within the defence sector. By leveraging Aicitta’s expertise in unmanned systems, WIL aims to strengthen its technological capabilities and enhance its competitive edge in a rapidly evolving industry.

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.