
SEPC bags Rs 650-cr solar EPC project in Maharashtra
New Delhi, Jun 12 (PTI) Engineering solutions provider SEPC on Thursday said it has bagged a Rs 650-crore order to set up solar capacities totalling 133 MW in Maharashtra.
The company has received a letter of award from Parmeshi Urja Ltd, Kolkata, for EPC solar power projects at 26 locations in four districts of Maharashtra, it said in a statement.

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Economic Times
28 minutes ago
- Economic Times
Tata Motors shares slide 5%, become top Nifty loser after JLR flags flat cashflow and lower margins for FY26
Tata Motors' share price experienced a dip following Jaguar Land Rover's (JLR) announcement of weaker financial performance projections for the current fiscal year, including lower EBIT margins and reduced free cash flow. Despite this, Moody's affirmed Tata Motors' rating and upgraded JLR's, acknowledging the company's improving credit profile and strategic importance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Tata Motors slipped as much as 5.2% on Monday to Rs 674.70 on BSE after Jaguar Land Rover (JLR), its UK-based subsidiary, flagged weaker financial performance for the current fiscal year, triggering market premium carmaker expects its EBIT margin for FY26 to range between 5% and 7%, significantly lower than the 8.5% margin reported in the previous fiscal. The company also projected free cash flow to be "close to zero" this year, compared to the robust £1.5 billion it generated last JLR management said it is targeting a return to 10% EBIT margins and a pickup in free cash flow in FY27 and FY28, it did not provide a definitive timeline for achieving those Tata Motors, JLR's performance is critical. In FY25, the luxury car unit accounted for 71% of Tata Motors' revenue and contributed 80% of the group's overall profitability. Despite strong volumes, JLR's average revenue per unit remained flat year-on-year, staying above £70, broader headwinds in the premium car market during FY25, JLR maintained its leadership. The company said it 'outperformed the market and maintained its No.1 position in the premium segment in May.'However, Moody's Ratings affirmed the automaker's Ba1 corporate family rating (CFR) with a positive outlook, while upgrading the ratings of its UK-based subsidiary, Jaguar Land Rover Automotive Plc (JLR).Moody's raised JLR's corporate family rating to Ba1 from Ba2 and its probability of default rating (PDR) to Ba1-PD from Ba2-PD, reflecting the improving credit profile of both Tata Motors and its luxury vehicle arm."The affirmation reflects the sustained strengthening in TML's consolidated credit profile driven by gross debt reduction and earnings expansion, which are accelerating deleveraging even as the global automotive industry faces challenging conditions," says Kaustubh Chaubal, a Moody's Ratings Senior Vice President."Concurrently, we have upgraded JLR's backed senior unsecured instrument ratings to Ba1 from Ba2. The outlook remains positive," a company filing said, quoting the rating to Moody's Ratings, Tata Motors Ba1 Corporate Family Rating (CFR) is a reflection of several key credit strengths. The rating agency highlights TML's robust global presence in the luxury automotive segment through its wholly-owned subsidiary, Jaguar Land Rover Automotive Plc (JLR, Ba1 positive). Moody's also points to TML's leading market position in India across commercial vehicles (CVs) and its growing share in passenger vehicles (PVs).Furthermore, Moody's credits TML's commitment to creditor-friendly financial policies that effectively balance growth with financial discipline, thus supporting a solid credit profile. The rating agency also acknowledges a long-standing, strategically important relationship with its parent, Tata Sons. This relationship, according to Moody's, results in a one-notch uplift to TML's rating due to the expectation of extraordinary support, should it be also notes that TML is currently in the process of demerging its CV operations into a separately listed entity with mirror shareholding. Post-demerger, which Moody's expects to be effective in October, the rated entity will encompass all PV and PV-related businesses, including 100% ownership of JLR. The rating agency anticipates that following this transaction, JLR will contribute over 90% of TML's consolidated EBITDA, underscoring the increasing convergence of their credit fundamentals. .. Tata Motors shares have declined 28% over the past 12 months, though they have gained 75% over the last three years. The company's current market capitalisation stands at Rs 1,48,943 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)


Time of India
38 minutes ago
- Time of India
Mahindra Scorpio-N Automatic gets more affordable: Z4 AT launched at 17.4 lakh
Mahindra & Mahindra has launched a new, more affordable automatic variant of the Scorpio-N. The six-speed automatic gearbox is now available with the Z4 trim, which is positioned one level above the entry-level Z2 variant, and is priced at ₹17.40 lakh for the petrol and ₹17.86 lakh for the diesel (both prices, ex-showroom). Previously, the automatic variants of this Mahindra SUV were introduced from the Z6 diesel trim, priced at Rs 18.91 lakh, and the Z8 Select petrol variant, which started at Rs 19.06 lakh. In comparison, the newly launched Scorpio Z4 automatic versions come in at a lower price point—offering a cost advantage of Rs 1.05 lakh over the diesel Z6 and Rs 1.67 lakh compared to the petrol Z8 Select. Interested customers can book this new AT trim by visiting their nearest dealership, deliveries are expected to begin soon. Talking about the engine, as mentioned before the Scorpio-N gets two engine options - a 2.0-litre, turbo-petrol engine that puts out 203hp and 370Nm via a 6-speed manual transmission. The same engine produces 10Nm of extra torque when paired to the 6-speed torque converter automatic gearbox. Another engine is the 2.2-litre, mHawk turbo diesel which puts out 132hp of power and 300Nm torque with both gearbox options. The Z4 trim comes with rear-wheel drive as standard, while those choosing the Z4 (E) diesel variant have the option to upgrade to a four-wheel drive setup, though it's only offered with a manual transmission. This 4WD version delivers an output of 175 hp and 370 Nm of torque. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Upto 15% Discount for Salaried Individuals ICICI Pru Life Insurance Plan Get Quote Undo VinFast VF7, VF6 Review: Good for India or not?| TOI Auto In terms of features, the Z4 trim gets features such as steering-mounted controls, second-row AC vents, halogen headlights, LED turn indicators, LED headlamps, 17-inch wheels with m covers, a rear spoiler, power windows, an 8.0-inch touchscreen infotainment system with wired Android Auto/Apple CarPlay, fabric upholstery. Safety-wise, it gets front airbags, ABS with EBD, Hill Hold control, Hill descent control, ISOFIX mounts, 3-point seatbelts and more. Discover everything about the automotive world at Times of India .

Economic Times
39 minutes ago
- Economic Times
HBL Engineering shares jump 5% after bagging Rs 133 cr railway contract for Kavach safety system
Shares of Hyderabad-based HBL Engineering, formerly known as HBL Power Systems, surged 5% to Rs 619 on the BSE in Monday's trade after the company secured a contract worth Rs 132.95 crore from South Central Railway for the deployment of the indigenous Kavach safety system. ADVERTISEMENT The project involves the implementation of Kavach across the Vijayawada–Ballarshah section, covering 446 kilometres, 48 stations, and 10 locomotives. It is expected to be completed within 18 months, the company said in a stock exchange filing. Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months Kavach is an automatic train protection system developed in India to minimise the risk of signal passing at danger (SPAD) and collisions. It is part of Indian Railways' broader initiative to boost safety through homegrown technology. In a separate development, HBL Engineering also received a letter of acceptance from South Central Railway to upgrade Kavach from Version 3.2 to Version 4.0 along the Mudkhed (including)–Manmad (excluding) section. The Rs 30.67 crore contract, including GST, spans 350 kilometres and is scheduled to be executed within 24 these recent wins, the company's total order book now stands at Rs 4,029.05 crore. ADVERTISEMENT Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside For Q4 FY25, HBL Engineering reported a 20% year-on-year decline in net profit to Rs 52.32 crore, compared to Rs 65.53 crore in the same quarter last year. ADVERTISEMENT Revenue from operations fell 22% YoY to Rs 475.57 crore, down from Rs 610.08 crore in Q4 steepest decline came from the electronics segment, where revenue dropped 65.5% to Rs 57.96 crore, from Rs 168.08 crore last year. ADVERTISEMENT The industrial batteries segment remained the top revenue contributor, generating Rs 355.59 crore, compared to Rs 364.98 crore in the year-ago period. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside Revenue from the defence and aviation batteries segment declined 26.9% to Rs 46.13 crore, versus Rs 63.08 crore in Q4 FY24. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)