Transformers and Rectifiers (India) Limited (TARIL), a leading manufacturer of transformers in India, has announced the receipt of significant orders worth ₹362 crore. These contracts mark a noteworthy achievement for TARIL as it continues to strengthen its position in the industry.

The share price of TARIL was locked in a lower circuit of 5% as of 12:45 PM on January 28, 2025.

Who Awarded the Orders?

The ₹362 crore order has been secured from notable domestic entities, including:

• Power Grid Corporation of India Limited
• Megha Engineering & Infrastructures Limited
• KEC International Limited
• Avaada Electro Private Limited
• Adani Energy Solution Limited
• Torrent Power Limited
• Rajasthan Rajya Vidyut Prasaran Nigam Limited

This diverse client base underlines TARIL’s reputation and expertise in manufacturing high-quality transformers.

Nature and Scope of the Order

The contracts involve the supply of Extra High Voltage (EHV) Power Transformers and related manufacturing services. These transformers are vital components in the power infrastructure and play a critical role in ensuring reliable energy transmission across the grid.

Delivery Timeline and Execution

The delivery of these transformers is scheduled to be completed by the next financial year. TARIL’s commitment to meeting deadlines and maintaining high-quality standards positions it as a reliable partner for such large-scale projects.

Other Notable Aspects

• Domestic Focus: All orders have been awarded by Indian entities, reinforcing TARIL’s strong presence in the domestic market.
• Unrelated Party Transactions: The contracts are part of TARIL’s regular business operations and do not involve any related-party transactions.
• No Promoter Interest: The promoter group of TARIL has no vested interest in the awarding entities, ensuring transparency in the deal.

About Transformers and Rectifiers (India) Limited

TARIL is one of the largest transformer manufacturers in India, second only in capacity. The company operates state-of-the-art manufacturing facilities in Ahmedabad, Gujarat, with a team of over 1,200 skilled employees. Known for its ability to produce world-class power, distribution, furnace, and specialty transformers, TARIL continues to uphold its commitment to quality and innovation.

Bajel Projects Limited has recently announced its successful acquisition of an EPC (Engineering, Procurement, and Construction) contract for the construction of a 765kV transmission line. This milestone comes as part of the Rajasthan IV Phase 4 power evacuation project aimed at supporting the region’s renewable energy capacity.

On January 28, 2025, the share price of Bajel has recovered from its intraday low of ₹205.55 on the NSE and, as of 12:29 PM, is trading at ₹217.95, down by 0.93%

Key Details of the Contract

The contract was awarded by PowerGrid Corporation of India Limited on behalf of its project-specific SPV, Rajasthan IV 4A Power Transmission Limited. Below are the major highlights of the project:

• Scope of Work: Construction of a 120 km-long 765kV Dausa-Ghiror transmission line under the Transmission Line Package TL03.
• Objective: The transmission system will evacuate 3.5 GW of renewable energy from the Rajasthan Renewable Energy Zone (REZ) Phase IV.
• Timeline: The project has a completion timeline of 23 months from the issuance of the Notice of Award.
• Awarding Entity: PowerGrid Corporation of India Limited (POWERGRID), a major player in the power transmission sector.

Upcoming Earnings 

A meeting of the Board of Directors of Bajel Projects Limited is scheduled to be held on Thursday, February 6, 2025, to inter‐alia, consider and approve the unaudited standalone financial results of the company for the Q3 and 9-month ended December 31, 2024. 

No Promoter Involvement

Bajel Projects Limited has clarified that none of its promoters or group companies hold any interest in the awarding entity. Additionally, the contract is not categorised as a related-party transaction, ensuring complete compliance with SEBI’s Listing Obligations and Disclosure Requirements.

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.

Founded in 1987, Omaxe Limited has established itself as a prominent player in real estate development, specialising in residential, commercial, and retail projects, alongside the construction, operation, and maintenance of real estate assets.

About BeTogether

On January 27, 2025, the renowned real estate firm announced its foray into a transformative venture under a newly launched brand, BeTogether, backed by a substantial investment commitment of ₹2,800 crore. 

In a regulatory filing, Omaxe highlighted the brand’s ambition to redefine urban and economic landscapes through collaborative real estate projects. The initial investments are projected to yield a revenue potential exceeding ₹5,000 crore.

BeTogether, driven by Omaxe’s vision for partnerships through joint ventures and Public-Private Partnerships (PPP), aims to address infrastructure gaps and boost urban development across India. 

Its flagship project, BeTogether Centre Point Vrindavan, modernizes Vrindavan while preserving its heritage. In collaboration with UPSRTC, it is also revamping major bus terminals in cities like Lucknow, Ghaziabad, Kaushambi, Ayodhya, Amausi, and Prayagraj.

Q2 FY25 Performance Highlights

In the second quarter of FY25, Omaxe Limited reported a total revenue of ₹389.18 crore, representing a remarkable 46.26% surge from ₹266.09 crore in the corresponding period last year. However, the company encountered a net loss of ₹239.66 crore, a steep decline compared to the ₹84.35 crore loss reported in Q2 FY24. 

Operating expenses escalated by 80.61% year-on-year to ₹620.38 crore, culminating in an operational loss of ₹231.20 crore substantially higher than the ₹77.40 crore operational loss in the previous year. Consequently, the operating margin deteriorated to -59.41%, compared to -29.09% in Q2 FY24.

Share Price Performance 

At 2:25 PM today, Omaxe Ltd. shares traded at ₹96.87 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.

Intellect Design Arena Ltd, a leading provider of enterprise-grade financial technology solutions, has entered into a strategic partnership with Coforge, a global digital services and solutions provider. The collaboration is set to revolutionise the financial services sector by leveraging Intellect’s cutting-edge platforms and Coforge’s domain expertise.

Intellect Design Arena’s share price is trading down by 2.36% as of 11:36 AM on January 28, 2025. Coforge’s share price is also down by 1.89%.

Key Highlights of the Partnership

1. Innovative Solutions for Modern Financial Services
   Intellect’s eMACH.ai platform and iTurmeric low-code integration suite are at the heart of this partnership. These tools empower financial institutions to modernise systems, digitise operations seamlessly, and launch innovative products while minimising disruptions.
2. Accelerated Market Expansion
   This alliance aims to address specific market needs across APAC, North America, Europe, and the UK. By combining Intellect’s advanced platforms with Coforge’s expertise in delivering techno-functional solutions, the partnership is well-positioned to explore growth opportunities.
3. Enhanced Customer Experience with AI
   By integrating generative AI capabilities, the collaboration will help financial institutions create personalised experiences, improving customer satisfaction and fostering industry differentiation.
4. Rapid Deployment and Digitisation
   The iTurmeric platform, boasting over 300 microservices and more than 500 events, enables faster time-to-market for financial solutions, ensuring efficient workflows and streamlined processes.
5. Comprehensive Skill Development
   Intellect will provide extensive training to Coforge’s teams, ensuring effective implementation and management of the jointly developed solutions.

Industry Leader Insights

Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena, commented:
“This strategic partnership with Coforge underscores our commitment to empowering financial institutions with transformative technology that drives agility, innovation, and resilience in an increasingly dynamic marketplace. By combining Intellect’s innovation (eMACH.ai and iTurmeric) with Coforge’s deep domain expertise, we are creating a powerful synergy to accelerate digital transformation for financial institutions globally. Together, we are charting a path to the future of financial services, where seamless digitisation and differentiated experiences redefine success.”

Gautam Samanta, President and Head of BFS at Coforge, added:
“Our partnership with Intellect is a step towards delivering advanced services for the banking sector. Combining our expertise in financial services with Intellect’s AI and low-code platform, we will enable financial institutions to modernise their operations, enhance customer experiences, and achieve impactful results. With the increasing adoption of Generative AI, our joint services offerings will assist BFS clients in providing personalised experiences to their customers that will set benchmarks in the industry.”

About the Companies

• Intellect Design Arena Ltd: A pioneer in financial technology, Intellect serves over 325 customers across 57 countries, delivering innovative solutions through platforms like eMACH.ai and iTurmeric.
• Coforge: With a strong focus on leveraging emerging technologies, Coforge transforms businesses into high-growth enterprises, supported by 30 global delivery centres across 22 countries.

This partnership represents a significant step towards redefining the future of global financial services, blending technology and expertise to deliver impactful results for institutions worldwide.

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.

Larsen & Toubro (L&T) has announced that it has secured a significant order to build Uzbekistan’s first AI-enabled and sustainable data centre in Tashkent. This project marks a milestone in advancing data centre infrastructure in the region with a focus on cutting-edge technology and sustainability.

AI-Powered and Sustainable Data Centre in Tashkent

L&T, known for its excellence in engineering and construction, will oversee the engineering, procurement, and construction (EPC) of the 10-megawatt data centre. The project is classified as ‘significant,’ with a value ranging between ₹1,000 crore and ₹2,500 crore. Equipped with advanced AI capabilities, the data centre will support next-generation applications, enhance energy efficiency, and minimise environmental impact. Additionally, robust security measures will ensure the protection of sensitive data. MV Satish, a member of the company’s executive committee, expressed pride in the opportunity to execute this state-of-the-art project.

Renewables Milestone in Abu Dhabi

On January 27, L&T’s renewables vertical secured a prominent role in Masdar’s giga-scale solar and battery storage project in Abu Dhabi. This landmark initiative, the first 24/7 solar photovoltaic (PV) and battery energy storage system (BESS) project globally will feature a 5.2GW solar PV plant and a 19GWh BESS, making it the largest project of its kind worldwide.

L&T Share Performance

As of January 28, 2025, 11:00 AM, the shares of L&T are trading at ₹3,449.20 per share with a decline of 0.28% from its previous day’s closing price. Over the last month, the stock has declined by 3.63%.

Conclusion

L&T continues to demonstrate its leadership in engineering and sustainability through landmark projects in Tashkent and Abu Dhabi, paving the way for innovative advancements in infrastructure and renewable energy.

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.

Apitoria Pharma Pvt. Ltd., a subsidiary of Aurobindo Pharma Limited, has achieved a significant milestone with its Unit-2 manufacturing facility receiving a prestigious classification from the United States Food and Drug Administration (US FDA). This achievement reflects the company’s adherence to stringent quality standards and its commitment to producing high-quality Active Pharmaceutical Ingredients (APIs).

US FDA Inspection of Unit-2

The US FDA conducted a thorough inspection of Apitoria Pharma’s Unit-2, located in Gaddapotharam Village, Telangana, from September 23 to 27, 2024. As a result of this detailed review, the unit received an Establishment Inspection Report (EIR) with a classification of “Voluntary Action Indicated” (VAI). This signifies that while some minor deficiencies were noted, they do not pose any threat to product quality or safety, demonstrating the unit’s compliance with US FDA regulations.

Significance of the VAI Classification

The VAI classification is a significant acknowledgement from the US FDA. It confirms that the facility meets the required manufacturing standards and can continue its operations without facing any major regulatory hurdles. This recognition strengthens the company’s reputation globally and positions Apitoria Pharma as a trusted API manufacturer.

Aurobindo Pharma Share Performance

As of January 28, 2025, 12:47 PM, the shares of Aurobindo Pharma are trading at ₹1,151.00 per share with a surge of 2.64% from its previous day’s closing price. Over the last month, the stock has declined by 11.35%.

Conclusion

Apitoria Pharma Pvt. Ltd.’s Unit-2 achieving VAI classification is a testament to its commitment to maintaining quality and regulatory compliance. This accomplishment underscores its role as a reliable contributor to the pharmaceutical industry and its continued focus on excellence.

Founded by Sajjan Jindal in 1982, JSW Group is one of India’s most prominent conglomerates, with a diversified portfolio spanning steel, energy, infrastructure, cement, and paints. Headquartered in Mumbai, the group has established a global footprint, renowned for its commitment to innovation and sustainability.

Secured the Contract Worth of ₹2,600 crore

JSW Group has secured the prestigious Mine Developer and Operator (MDO) contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL). The $24-billion conglomerate announced on January 27, 2025, its plans to invest a substantial ₹2,600 crore in the project.

As part of this ambitious venture, JSW Group will oversee the operationalisation of the two copper mines and the establishment of a state-of-the-art copper concentrator plant. Upon full ramp-up, the mines are projected to have an ore capacity of 3 million tonnes per annum (MTPA) and are expected to commence partial operations in the latter half of FY27.

Partnership With Hindustan Copper

JSW has secured a 20-year Mine Developer and Operator (MDO) contract, extendable by 10 years, to develop copper mines in partnership with Hindustan Copper Limited (HCL). JSW will oversee mine development, capital investments, and the installation of a concentrator plant, while Hindustan Copper will provide technical support.

Parth Jindal highlighted copper’s strategic importance for EVs, renewable energy, construction, and electronics, emphasizing the venture’s role in reducing India’s reliance on copper imports and driving industrial growth.

Signed MoU with Maharashtra Government

JSW Group’s foray into copper mining reflects its growth-focused vision. Strengthening its presence across key sectors, the group recently signed an MoU with the Maharashtra government to invest ₹3 lakh crore in steel, renewable energy, EVs, infrastructure, and cement. 

Additionally, it announced a ₹30,000 crore capex plan for FY25-FY30 to expand JSW Infrastructure’s cargo handling capacity to 400 MTPA through brownfield, greenfield projects, and integrated logistics 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.

Optiemus Electronics Ltd has partnered with TP-Link to manufacture a wide range of telecom and IoT devices in India. This strategic move supports the ‘Make in India’ initiative and strengthens Optiemus’s role in advancing the country’s electronics manufacturing industry.

Partnership Between TP Link and Optiemus Electronics

Optiemus Electronics Limited (OEL) has partnered with TP-Link, a global leader in networking devices, to manufacture a range of products in India. This collaboration supports the Indian government’s ‘Make in India’ initiative and aims to strengthen India’s position as a hub for telecom and electronics manufacturing. The partnership will focus on producing key telecom and IoT devices such as Wi-Fi routers, enterprise routers, modems, security cameras and network expansion devices.

Boosting Local Manufacturing and Exports

Under this agreement, TP-Link products will be manufactured in OEL’s advanced facility which has the capacity to produce up to 6 million devices annually. OEL is also working to establish a strong local supply chain by domestically sourcing components like power adapters and mechanical parts. This will reduce import dependence and ensure better control over the supply chain. Additionally, this collaboration will contribute to producing export-quality electronic products, enhancing India’s global presence in the industry.

Supporting Employment and Development

The partnership is expected to create significant job opportunities and promote skill development in India. By leveraging TP-Link’s technological expertise and OEL’s manufacturing capabilities, the collaboration aims to deliver world-class products while contributing to the broader goal of Atmanirbhar Bharat. The production of these Made-in-India devices will begin in February 2025, with products available in the domestic market by March 2025.

About the Companies

OEL specialises in electronics manufacturing and offers end-to-end solutions, including production, supply chain management and refurbishment. With two advanced facilities in Noida, OEL is trusted by both local and global brands. 

TP-Link, a global leader in networking and smart home devices, serves customers in over 170 countries. Known for innovative and reliable products, TP-Link continues to expand its footprint while enhancing connectivity solutions worldwide.

OEL Share Performance 

As of January 28, 2025, 11:15 AM, the shares of OEL are trading at ₹588.20 per share with a decline of 5.00% from its previous day’s closing price. Over the last month, the stock has declined by 15.63%. The stock has a 52-week high and 52-week low of ₹873.80 per share and ₹215.80 per share 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. 

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

In a significant move towards digital banking, Canara Bank has announced the launch of its fully digital loan service against mutual funds, effective from 1st April 2025. This service allows customers to leverage their mutual fund investments to obtain loans without the need to liquidate their assets, offering a convenient and efficient solution for immediate financial requirements.

Features of the Digital Loan Service

The upcoming digital loan service is designed to provide customers with instant access to funds by pledging their mutual fund units as collateral. Key features of this service include:

• Loan Quantum: Customers can avail loans up to ₹20 lakh, depending on the valuation of their mutual fund holdings.
• Loan-to-Value Ratio: The bank offers a loan amounting to up to 50% of the Net Asset Value (NAV) of the pledged mutual fund units.
• Interest Rates: Competitive interest rates are applied, with options for both floating and fixed rates.
• Repayment Tenure: Flexible repayment options are available, with a tenure of up to 60 months.
• Processing Fees: A nominal processing fee of 0.1% of the loan amount is charged, subject to a minimum of ₹100 and a maximum of ₹250.

Benefits to Customers

This digital loan service offers several advantages to customers:

• Retention of Investments: Customers can meet their financial needs without selling their mutual fund units, allowing their investments to continue growing.
• Convenience: The entire loan application and disbursement process is conducted online, eliminating the need for physical branch visits.
• Quick Disbursement: The digital platform ensures rapid processing and disbursement of loans, providing timely financial assistance.
• No Prepayment Penalty: Customers have the flexibility to repay the loan ahead of schedule without incurring any prepayment charges.

Canara Bank Share Performance

As of January 28, 2025, 2:12 PM, the shares of Canara Bank are trading at ₹92.35 per share with a surge of 0.46% from its previous day’s closing price. Over the last month, the stock has declined by 7.11%.

Conclusion

Canara Bank’s fully digital loan against mutual funds marks a significant advancement in the bank’s digital offerings, aligning with the evolving preferences of customers for seamless and efficient banking 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.