Coromandel International Secures ₹1,539 Crore Order for Kakinada Fertiliser Expansion

Coromandel International Ltd. has received a significant order worth ₹1,539 crore from the Andhra Pradesh government to expand its fertiliser manufacturing facility in Kakinada. The Industries & Commerce Department has offered a 45% incentive on eligible fixed capital investment, subject to specific conditions and compliance requirements.

Government Incentives for Expansion

The Andhra Pradesh government has extended financial support to Coromandel International in the form of a 45% incentive on eligible fixed capital investment. 

This incentive is conditional upon the company meeting prescribed timelines for project execution, as well as its commitments to investment and employment generation. The exchange filing, released on Tuesday, confirmed these stipulations as part of the agreement.

Legal Victory Over Recovery Order

On 23rd January, Coromandel International secured a favourable ruling in an appeal against a ₹589 crore recovery order, which included penalties and interest. The additional commissioner of central tax from the Visakhapatnam Central GST Commissionerate had issued the recovery order against the company. 

However, the Office of the Commissioner (Appeals), Central Tax and Customs, Guntur, quashed the order on 20th January, relieving the company of the financial liability.

Coromandel International Share Performance

As of February 12, 2025, shares of Coromandel International closed at ₹1,838.20 per share, reflecting an upside of 1.02% from the previous day’s closing price. Over the past month, the stock has registered a gain of 1.67%. The stock has a 52-week range of ₹1,024.60 and ₹1,977.90 respectively.

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.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

BHEL Wins ₹6,200-crore Order From Damodar Valley Corp

State-owned Bharat Heavy Electricals Ltd (BHEL) has secured a prestigious Letter of Intent (LoI) from Damodar Valley Corporation (DVC) for the Steam Generator Island Package of the 2×660 MW Raghunathpur Thermal Power Station Phase-II project in Purulia, West Bengal.

This high-value contract, worth approximately ₹6,200 crore (excluding taxes and duties), was awarded through international competitive bidding, further cementing BHEL’s position as a dominant force in the power sector.

Comprehensive Scope of Work

The contract encompasses the supply, erection, testing, and commissioning of key components, including:

  • Steam generators and auxiliaries
  • Electrostatic precipitators (ESP)
  • Flue gas desulphurisation (FGD) systems
  • Ash handling systems
  • Electrical and control instrumentation (C&I) works
  • Associated civil works

The project execution timeline is set at 48 months for the first unit and 52 months for the second unit, underlining BHEL’s commitment to timely delivery and engineering excellence.

BHEL Q3FY25 Results

BHEL’s net profit surged 170% year-on-year to ₹124 crore, while revenue soared 32% to ₹7,277 crore in the quarter ending December 2024.

The company’s EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) rose 40% to ₹304 crore, with EBITDA margins expanding 30 basis points to 4.2% from 3.9% last year. However, this margin expansion was tempered by a sharp rise in other expenses.

Share Price Performance:

At 3:23 PM on February 12, 2025, BHEL Ltd. shares traded at ₹198.36 per share on the NSE.

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.

Madhya Pradesh Releases Ladli Behna Yojana Installment: Check Payment Status

The Madhya Pradesh government has extended financial assistance to women under the Mukhyamantri Ladli Behna Yojana. On February 10, 2025, Chief Minister Mohan Yadav announced that ₹1,553 crore had been transferred to the accounts of 1.27 crore women. This is the 21st installment of the scheme.

What is the Ladli Behna Yojana?

Launched on January 28, 2023, the Ladli Behna Yojana is aimed at upgrading women’s health, nutrition, and financial independence. Initially, beneficiaries received ₹1,000 per month, which was increased to ₹1,250 in August 2023.

During the latest installment transfer event, CM Mohan Yadav reaffirmed that the government plans to raise the amount to ₹3,000 per month.

Who is Eligible?

To avail of the benefits of this scheme, applicants must meet the following criteria:

  • Age: 21 to 60 years
  • Residency: Must be a permanent resident of Madhya Pradesh
  • Marital Status: Married, widowed, divorced, or deserted women.
  • Income: Family’s annual income should be below ₹2.50 lakh
  • Taxpayer Clause: If any family member is an income taxpayer, the applicant is ineligible.

Additionally, pensioners receiving less than ₹1,250 per month from other schemes are eligible to receive the balance amount to reach the minimum payout.

Documents Required

To apply for the Ladli Behna Yojana, women need the following documents:

  • Family Samagra ID
  • Individual Samagra ID
  • Aadhaar Card
  • Aadhaar-linked, DBT-enabled bank account
  • Active mobile number for OTP verification

Note: The family is defined as the husband, wife, and their dependent children, as per the Family Samagra ID.

How to Check Payment Status Online

Beneficiaries can track their 21st instalment status online by following these steps:

  1. Visit the official Ladli Behna Yojana website
  2. Click on “Application & Payment Status”
  3. Enter your application number or member number
  4. Fill in the Captcha code displayed on the screen
  5. Verify with OTP sent to your registered mobile number
  6. Click “Search” to view your payment details

Once submitted, the portal will display whether the instalment has been credited along with transaction details. Beneficiaries also receive an SMS notification confirming the payment.

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. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Bandhan Life Insurance Introduces Flexi Cap Fund with ULIP Options

Bandhan Life Insurance has launched a Flexi Cap Fund, which will be available under its iInvest II and iInvest Advantage unit-linked insurance plans (ULIPs). Investors can opt for this fund until February 24, 2025, and the initial Net Asset Value (NAV) is set at ₹10.

This fund invests across large-cap, mid-cap, and small-cap stocks.

Insurance and Investment 

Both iInvest II and iInvest Advantage ULIPs offer market-linked returns along with life insurance coverage. The life cover can go up to 20 times the annual premium, making it a mix of investment and financial protection. Investors looking for a combination of insurance and investment can start with a monthly premium of ₹3,000.

Withdrawal Flexibility

Policyholders have the option to partially withdraw funds after five years, providing liquidity while keeping the long-term investment intact. The company claims that its existing funds have performed well compared to industry benchmarks, though past returns are not indicative of future performance.

How It Compares to Mutual Fund NFOs

Unlike mutual fund New Fund Offer (NFOs), which focus purely on capital appreciation, ULIP-linked funds like this one offer a mix of investment and insurance benefits. The primary difference is that ULIP-linked funds also provide financial security, whereas mutual funds are solely designed for investment returns.

Company’s View

Bandhan Life Insurance’s MD & CEO, Satishwar B., stated “With this launch, we offer a combination of growth potential and life cover, helping customers build wealth while securing their families.” Meanwhile, Chief Investment Officer, Saibal Ghosh, said “Our strategy allows investors to build a dynamic portfolio across market caps. This approach captures India’s growth story and ensures strong returns over the medium to long term.”

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

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. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

NFO Alert: Bandhan Mutual Fund Launches Bandhan Nifty Next 50 Index Fund

Bandhan Mutual Fund has launched the Bandhan Nifty Next 50 Index Fund, an open-ended equity scheme that aims to track the performance of the Nifty Next 50 Index. This fund provides investors exposure to 50 high-growth potential stocks that are next in line after the NIFTY 50.

The NFO is open for subscription from February 13, 2025, to February 25, 2025.

Fund Details

  • Fund Category: Equity – Large Cap
  • Type: Open-ended
  • Benchmark: Nifty Next 50
  • Minimum Investment: ₹1,000
  • Exit Load: 0.25% for redemptions within 15 days
  • Lock-in Period: None
  • Risk Level: Very High, as per the Riskometer

Investment Strategy

The Bandhan Nifty Next 50 Index Fund aims to replicate the performance of the Nifty Next 50 Index by investing in the same securities in the exact proportion of the index. This passive investment approach seeks to deliver returns that mirror the total return of the Nifty Next 50, subject to tracking errors. 

As a result, investors can expect diversified exposure to emerging large-cap companies.

Fund Management 

The fund is managed by Nemish Sheth, who has experience in asset management. Before joining Bandhan Mutual Fund, he worked with Nippon Life India Asset Management Ltd. and ICICI Prudential Asset Management Company Ltd. 

With its low-cost structure and broad sectoral diversification, the Bandhan Nifty Next 50 Index Fund presents a compelling option for investors looking to consider.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

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. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

DSP Mutual Fund Declares Dividend Across Three Equity Funds

DSP Mutual Fund has announced an income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for three of its equity schemes. The dividend payout record date is February 13, 2025, meaning investors must hold units in these schemes before this date to be eligible for the dividend.

Which Schemes Are Offering Dividends?

The dividend distribution per unit varies across different schemes and categories. Here’s a breakdown of the payouts:

DSP ELSS Tax Saver Fund

  • Direct-IDCW: ₹0.6 per unit
  • Regular-IDCW: ₹0.6 per unit

DSP Small Cap Fund

  • Direct-IDCW: ₹5.2 per unit
  • Regular-IDCW: ₹4.7 per unit

DSP World Mining Fund of Fund

  • Direct-IDCW: ₹0.9 per unit
  • Regular-IDCW: ₹0.8 per unit

What is IDCW?

IDCW, or Income Distribution cum Capital Withdrawal, is a payout option where mutual fund investors receive periodic distributions from the fund’s profits. However, unlike traditional dividends in stocks, IDCW is not an additional profit, it is paid from the scheme’s own assets. This means that once the dividend is distributed, the fund’s Net Asset Value (NAV) decreases by the same amount.

Investor Considerations

Investors choosing the IDCW option receive regular cash payouts, making it suitable for those seeking periodic income. 

For investors already holding these schemes, the record date determines eligibility for the upcoming payout.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

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. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Kotak CRISIL-IBX AAA Bond Financial Services Index – Dec 2026 Fund NFO Period Extended

Kotak Mahindra Mutual Fund has extended the New Fund Offer (NFO) period for the Kotak CRISIL-IBX AAA Bond Financial Services Index – Dec 2026 Fund. Initially set to close on February 10, 2025, the NFO will now remain open until February 13, 2025.

Fund Overview

This is an open-ended target maturity debt fund. It tracks the CRISIL-IBX AAA Financial Services Index – Dec 2026, which includes AAA-rated bonds issued by financial sector companies that are set to mature around December 2026. 

The aim is to deliver returns that are in line with the index before accounting for fees and expenses.

Details

  • Fund House: Kotak Mahindra Mutual Fund
  • Fund Manager: Abhishek Bisen
  • Registrar & Transfer Agent: Computer Age Management Services Ltd. (CAMS)
  • Fund Type: Open-ended
  • Category: Debt – Target Maturity
  • Benchmark: CRISIL-IBX AAA Financial Services – Dec 2026
  • Risk Level: Moderate

Investment Structure

  • NFO Opening Date: January 31, 2025
  • NFO Closing Date: February 13, 2025 (Extended)
  • Minimum Investment: ₹100
  • Investment Plans: Growth, IDCW
  • Lock-in Period: None
  • Exit Load: None

The fund manager for this scheme is Abhishek Bisen, and Computer Age Management Services Ltd. (CAMS) is the registrar and transfer agent.

How the Fund Works

The fund follows a passive investment strategy, investing in AAA-rated bonds from the financial sector and holding them until maturity. Since it’s a target maturity fund, the securities in the portfolio will mature close to December 2026.

What’s Changed?

The only change is the extension of the NFO period by three days. Investors now have until February 13, 2025, to subscribe. The structure, investment approach, and other fund details remain the same.

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. 

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Indira IVF Files Confidentially Draft Papers With SEBI For IPO

Indira IVF Hospital Ltd., backed by private equity firm EQT, has confidentially submitted its draft papers for an initial public offering (IPO) through the regulator’s pre-filing route. This move places the company alongside others such as Swiggy Ltd., Credila Financial Services Ltd., and Vishal Mega Mart Ltd., which have also opted for confidential filings. However, Indira IVF has stated that this filing does not necessarily indicate that the IPO will proceed.

EQT’s Investment and Indira IVF’s Market Position

EQT, a Stockholm-based investment firm, acquired a controlling stake in Indira IVF in 2023 from Boston-based TA Associates and the company’s founders. Following the deal, TA Associates exited, while the Murdia family retained a minority stake and continued leading the business. Bloomberg News had earlier reported that EQT was targeting a $400 million IPO for Indira IVF, potentially valuing the company at approximately $2.5 billion. The fertility chain operates over 150 centres across India, with more than 330 IVF specialists. Given India’s infertility rate of around 15%, EQT recognised the industry’s growth potential when it made its investment.

Confidential IPO Filing and Regulatory Framework

A confidential IPO filing allows a company to submit its draft red herring prospectus (DRHP) without making the details public immediately. Introduced by SEBI in December 2022, this mechanism was first used by Tata Play Ltd. Companies opting for this route can keep sensitive business information undisclosed until they officially decide to proceed with the IPO. However, this process can take longer than the traditional IPO route and often involves higher legal and advisory costs, as noted by ICICI Direct.

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.

TCS to Modernise Muscat Clearing and Depository System

Tata Consultancy Services (TCS) has signed an agreement with Muscat Clearing and Depository (MCD), Oman’s central securities depository, to modernise its depository system. This initiative aims to enhance MCD’s operational efficiency by integrating advanced digital solutions and strengthening its market infrastructure.

Enhancing Market Infrastructure with TCS BaNCS

TCS will implement TCS BaNCS for Market Infrastructure, a globally recognised solution for central securities depositories (CSDs), exchanges, and central banks. This technology will enable MCD to streamline clearing, settlement, and asset servicing while ensuring seamless integration across multiple asset classes. With cloud-based deployment, MCD will enhance operational efficiency, offering faster and more secure transaction processing.

Integration of Quartz for Future-Proof Operations

As part of this transformation, MCD will also leverage Quartz Gateway, a TCS solution designed to enable secure and efficient market integration. This will support collateral management, central counterparty clearing, and risk management. The adoption of digital and cloud-enabled technologies will enhance the overall customer experience and align MCD with global financial standards.

TCS Share Performance

As of February 12, 2025, at 1:40 PM, shares of TCS are trading flat at ₹3,965.00 per share, reflecting an upside of 0.1% from the previous day’s closing price. Over the past month, the stock has registered a loss of 7.57%. The stock has a 52-week range of ₹3,591.50 and ₹4,592.25

Conclusion

The collaboration between TCS and MCD marks a significant step in modernising Oman’s financial market infrastructure. By implementing advanced digital solutions, MCD is set to improve efficiency, security, and service offerings, strengthening its role as a key player in the financial ecosystem.

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.

Midwest Receives SEBI Approval for IPO to Raise ₹650 Crore

Midwest, one of India’s largest producers of Black Galaxy Granite, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The Hyderabad-based company plans to raise funds through a combination of fresh share issuance and an Offer for Sale (OFS) by promoters.

IPO Structure and Fund Utilisation

Midwest’s IPO comprises a fresh issue of shares worth ₹250 crore and an OFS amounting to ₹400 crore, as per the Draft Red Herring Prospectus (DRHP). Promoters Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy will offload shares worth ₹360 crore and ₹40 crore, respectively, in the OFS. Additionally, the company may raise ₹50 crore in a pre-IPO placement, which would reduce the fresh issue size accordingly.

Proceeds from the fresh issue will be allocated to various business initiatives. Midwest Neostone, its wholly-owned subsidiary, will receive ₹127.05 crore for capital expenditure related to the second phase of a quartz grit and powder processing plant. The company has also earmarked ₹25.75 crore for the purchase of electric dump trucks and ₹3.26 crore for integrating solar energy at selected mining locations. Furthermore, ₹53.80 crore will be utilised for debt repayment, with the remaining funds allocated for general corporate purposes.

Midwest’s Industry Presence and SEBI Approval

Midwest, a leading producer and exporter of Black Galaxy Granite, filed its IPO papers with SEBI in October 2024 and received the regulatory observation letter on 4 February 2025. This approval grants the company permission to launch its public issue.

Black Galaxy Granite, known for its sparkling golden-hued flakes, is widely used in real estate applications, including countertops, flooring, and cladding. Midwest’s strong presence in this premium segment positions it as a significant player in the natural stone 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.