Azad Engineering Limited, a leading name in precision engineering, has made an important announcement regarding a breakthrough in the domestic manufacturing of advanced rotating airfoils for supercritical turbines. This development underscores Azad’s expertise and commitment to fostering self-reliance in the Indian industrial sector.

A Landmark Collaboration

In a significant milestone, Azad Engineering has secured a purchase order from Bharat Heavy Electrical Limited (BHEL) for the supply of complex rotating airfoils for supercritical turbines. These airfoils, known for their intricate designs and precision requirements, were previously imported. The collaboration is part of an indigenisation project jointly evaluated and approved by the Central Electricity Authority (Ministry of Power), National Thermal Power Corporation (NTPC), and BHEL.

Details of the Agreement

1. Client: Bharat Heavy Electrical Limited (BHEL).
2. Purpose: Supply of high-precision rotating airfoils for supercritical turbines.
3. Nature of Order: Domestic purchase order.
4. Execution Timeline: By January 24, 2026.
5. Significance: Import substitution and reduced dependence on foreign components.

The share price of Azad Engineering plunged over 7% despite the announcement of this development, as of 3:26 PM on the NSE. Intraday, the stock fell below the level of ₹1,300 after opening at ₹1,446.90 on January 28, 2025.

About Azad Engineering

Azad Engineering is one of the key manufacturers of our qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. Their products include 3D rotating airfoil portions of turbine engines and other critical products for defence and civil aircraft, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil and thermal power. The precision forged and machined components manufactured by us are highly complex and mission-critical and hence, some of them have a “zero parts per million” defects requirement.

The company operates in the aerospace and defence, energy and oil and gas industries and works with global original equipment manufacturers (“OEMs”) operating in such industries we have sales in more than 16 countries. It started core manufacturing in 2008 and is a key player in the industries in which we operate. The company has a high-precision manufacturing ability for precision forging and machining and caters to prominent OEMs in the global supply chain.

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.

Oriental Foundry Private Limited, a wholly owned subsidiary of Oriental Rail Infrastructure Limited (ORIL), has successfully secured a significant contract from Indian Railways. The contract involves the manufacture and supply of 33 rakes of flat multipurpose wagons (FMP) valued at ₹575 crore.

The share price of Oriental Rail Infrastructure advanced by 3.89% on January 28, 2025.

Details of the Contract

Awarding Entity
The Railway Board, representing Indian Railways, has awarded the contract through an e-tender process.

Scope of Work
The contract includes the manufacturing and supply of 33 rakes of flat multipurpose wagons. These wagons are essential for optimising transportation and logistics across Indian Railways’ vast network.

Project Timeline
The execution period for the project is set at 21 months, highlighting Oriental Foundry’s commitment to timely delivery.

Contract Value
The project’s total cost stands at ₹575 crore, reflecting the scale and importance of this order for Oriental Foundry.

Financial Terms

The payment structure is as follows:

• 90% of the total cost will be paid upon the issuance of the inspection certificate by the Research Design and Standards Organisation (RDSO), alongside proof of dispatch and delivery.
• The remaining 10% will be released after the final receipt, inspection, and acceptance of the goods.

Key Highlights

1. Domestic Opportunity
   • The contract has been awarded by a domestic entity, showcasing the trust placed by Indian Railways in local manufacturers.
2. Non-Related Party Transaction
   • ORIL has confirmed that the promoter group has no interest in the entity awarding the contract, and it does not fall under related-party transactions.

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.

Arvind SmartSpaces Limited, established in 2008 as a subsidiary of Arvind Limited, is a prominent real estate developer based in Ahmedabad. The company specializes in premium residential, industrial, commercial, and hospitality projects across major cities like Ahmedabad, Bengaluru, and Pune.

A new industrial park in Ahmedabad

The company has recently announced an agreement to develop an expansive industrial park in Ahmedabad, Gujarat, covering a vast 440 acres, with an impressive potential revenue of ₹1,350 crore.

This major project, located on NH47 along the Bavla-Bagodara Road, will be developed under a joint model with a 70.5% revenue share. Once completed, it will be one of Gujarat’s largest industrial parks, offering an integrated ecosystem to support business growth. 

Key features include a Common Effluent Treatment Plant (CETP), Zero Liquid Discharge (ZLD), housing for workers and executives, weighbridges, logistics zones, and more.

Statement From the Management

Kamal Singal, Managing Director and CEO of Arvind SmartSpaces expressed excitement about expanding their portfolio in Ahmedabad with the introduction of a major industrial park, bringing the company’s total projects in the region to 77 million square feet. 

The company aims for over ₹3,850 crore in new business this year and plans to expand into high-growth markets like the Mumbai Metropolitan Region, Bengaluru, and Ahmedabad, solidifying its national footprint of 78 million square feet and strong presence in cities such as Ahmedabad, Gandhinagar, Bengaluru, and Pune.

Arvind Smartspaces Q2 FY25 Results

Arvind SmartSpaces reported strong financial results for Q2 FY25, with net profit rising to ₹42.60 crore from ₹10.83 crore in Q2 FY24. Total income increased to ₹269.28 crore, up from ₹75.27 crore a year earlier. Bookings grew 26% year-on-year to ₹464 crore, while collections stood at ₹249 crore. 

Net debt rose to ₹195 crore from ₹58 crore in the previous quarter, indicating improved financial health. The company also expanded its portfolio with a new high-rise project in Bengaluru, projected to generate ₹600 crore in revenue.

Share Price Performance 

At 3:02 PM today, on January 28, 2025, Arvind Smartspaces Ltd shares traded at ₹684.90 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.

Hatsun Agro Product Ltd (HAP), India’s leading corporate dairy company, recently announced its acquisition of Milk Mantra Dairy Private Limited. Known for its innovative dairy brand, Milky Moo, this strategic takeover underscores HAP’s commitment to delivering high-quality dairy products across India.

The share price of Hatsun Agro was trading 1.12% lower at ₹944.65 on the NSE as of 3:15 PM on January 28, 2025.

Strengthening Presence in Eastern India

HAP’s acquisition of Milk Mantra marks its entry into the prosperous Eastern Indian dairy market, particularly Odisha. Mr. R.G. Chandramogan, Chairman of HAP, highlighted this move as a step towards leveraging Odisha’s growing economy and rich cow milk production belt.

A Milestone for Milk Mantra

Milk Mantra, founded by Mr. Srikumar Misra, is celebrated for its ethical milk sourcing and quality dairy products. Reflecting on the acquisition, Mr. Misra expressed confidence in HAP’s resources and leadership to scale Milky Moo’s impact, benefiting farmers and consumers alike.

Synergies and Strategic Impact

HAP’s acquisition offers multiple advantages:

1. Market Expansion: With a robust presence in South and West India, HAP now expands to Eastern India, targeting regions like northern Andhra Pradesh and West Bengal.
2. Brand Growth: Adding Milky Moo to its portfolio, alongside brands like Arun, IBACO, Hatsun, and Arokya, strengthens HAP’s position in the dairy market.
3. Infrastructure Benefits: Milk Mantra’s two processing facilities and extensive procurement network enhance HAP’s operational capacity and logistics efficiency.

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 January 28, 2025, IIFL Finance Limited’ share price experienced significant intraday volatility. The stock plunged to a low of ₹326 on the NSE but recovered later, trading at ₹353.25 as of 2:57 PM, down by 1.23%. This decline occurred despite a market rebound, leaving investors questioning the underlying cause.

Income Tax Raids Trigger Concern

According to news reports, the Income Tax (I-T) Department conducted search operations at the IIFL Group’s offices on January 28, 2025. These raids are reportedly linked to allegations of tax evasion and are being carried out across multiple locations, including several floors of the 360 ONE WAM (formerly IIFL Wealth) building in Mumbai’s Kamala Mills area.

The uncertainty caused by these investigations has likely contributed to the stock’s intraday decline.

Acquisition Announcement Amid Raids

On January 27, 2025, the board of 360 ONE WAM, part of the IIFL Group, approved 2 major acquisitions:

• Batlivala & Karani Securities India for ₹1,774 crore
• Batlivala & Karani Finserv for ₹110 crore

Leadership Resignation Adds to Uncertainty

Mr Bharat Aggarwal, designated as SMP (Senior Management Personnel), resigned as the Business Head of Unsecured Lending at IIFL Finance. His resignation became effective on January 27, 2025, at the close of business hours. Leadership changes during periods of heightened scrutiny often add to market uncertainty.

IIFL Group’s Silence on Ongoing Developments

As of now, the IIFL Group has not issued an official statement regarding the ongoing tax raids or recent developments. Investors and market participants are keenly awaiting. However, IIFL Capital postponed its board meeting to review its Q3r results due to “certain exigencies,” as disclosed by the company. Investors may need to watch for official announcements and further developments for a clearer picture.

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.

In a significant development, Narayana Hrudayalaya Limited (NH) has entered into a Memorandum of Understanding (MoU) with Sunglow Realties Pvt. Ltd. (BCM Group) to construct and lease a hospital building in Bengaluru. This partnership is poised to enhance NH’s healthcare infrastructure in the central Bengaluru region with a 200-bed facility.

Share Price Move

NH’s share price traded lower at ₹1,265.20, down by 2.01% on the NSE as of 2:51 PM on January 28, 2025. The stock recorded an intraday high of ₹1,301.45 after opening at ₹1,297.35. So far, in January (as of January 28), the stock has declined by 0.56%.

Key Details of the MoU

1. Purpose of the Agreement
   The agreement focuses on setting up a hospital infrastructure to be managed by Narayana Hrudayalaya. Sunglow Realties will undertake the construction of the facility and lease it to NH on a long-term basis.
2. Hospital Capacity and Timeline
   The proposed hospital will have a capacity of 200 beds and is expected to be operational in approximately 3.5 years.
3. Parties Involved
   • Narayana Hrudayalaya Limited: A prominent healthcare provider in India.
   • Sunglow Realties Pvt. Ltd. (BCM Group): The entity responsible for constructing the hospital building, with its headquarters in Indore, Madhya Pradesh.

Significant Terms of the Agreement

• Sunglow Realties will lease the hospital building to NH under the binding terms outlined in the MoU.
• The agreement includes customary payment terms and representations, ensuring a robust framework for long-term collaboration.

Additional Highlights

• The MoU does not involve any shareholding or related-party transactions.
• There are no conflicts of interest or board nominee requirements arising from this agreement.

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.

Thomas Cook (India) Limited has secured a significant role as the exclusive partner for the National Games 2025. This Olympic-style event will take place in Uttarakhand from January 28 to February 14, 2025, bringing together top athletes, support staff, and dignitaries from across India. Known for its robust travel and event management expertise, Thomas Cook will manage accommodation, catering, and transport for a contingent of 20,000 people, including over 10,000 athletes.

The share price of Thomas Cook has recovered from the intraday low of ₹140.83 on the NSE to ₹146.51 as of 1:40 PM on January 28, 2025. 

Comprehensive Event Management at Scale

The partnership highlights Thomas Cook India’s operational capabilities and attention to detail. Here’s what their involvement entails:

• Accommodation Management: Over 50,000 room nights across 11 locations.
• Catering Services: Providing more than 250,000 meals through live kitchens.
• Transport Solutions: Handling 5,000 coach duties and 12,000 small vehicle trips for seamless logistics.
• 24/7 Control Room: A dedicated toll-free helpline to address event-related queries.

To ensure everything runs smoothly, Thomas Cook has assembled a 200-member team to oversee operations across 32 venues during the 18-day event.

Emphasising Sustainability with the ‘Green Games’ Initiative

In alignment with sustainability goals, Thomas Cook India is championing the ‘Green Games’ initiative. As part of this effort:

• 1,000 trees will be planted during the Games.
• Sustainable practices will be integrated into every aspect of event management.

This reinforces the company’s commitment to reducing its environmental footprint while setting a benchmark for eco-friendly event management.

Supporting Athletes with Physiotherapy Services

As a goodwill gesture, Thomas Cook India is sponsoring physiotherapy services for the Games. A team of 54 trained physiotherapists, including project leads and specialists, will ensure that athletes receive top-notch care to perform at their best. Accommodation, transport, and catering for the physiotherapy team will also be managed by Thomas Cook.

Words from the Leadership

Reflecting on this prestigious collaboration, Mr Rajeev Kale, President & Country Head – Holidays, MICE, and Visa at Thomas Cook India, remarked: “The much anticipated National Games 2025, to be inaugurated by the Honourable Prime Minister Mr. Narendra Modi, celebrates India’s top athletes while playing a pivotal role in advancing India’s sports ecosystem by nurturing talent and inspiring future generations of champions to represent India on the global stage. So, it is truly an honour for us at Thomas Cook India to be selected for the second consecutive year, as the exclusive partner for the prestigious National Games across key elements of accommodation, catering and transport.”

About Thomas Cook India

Established in 1881, Thomas Cook India is a leading travel and event management company with services ranging from foreign exchange to leisure travel. With a global footprint across 28 countries and a legacy of operational excellence, the company continues to set industry benchmarks.

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.