&w=3840&q=100)
Cummins India shares rise on launching battery energy storage systems
Shares of Cummins India rose over 2 per cent on Thursday after it launched Battery Energy Storage Systems (BESS) in line with the company's 'Destination Zero' strategy.
The diesel and natural gas engines maker's stock rose as much as 2.1 per cent during the day to ₹3,388.6 per share. The stock pared gains to trade 1.8 per cent higher at ₹3,389 apiece, compared to a 0.52 per cent advance in Nifty 50 as of 12:50 PM.
Shares of the company have gained for the third straight session. The counter has risen 3.3 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. Cummins India has a total market capitalisation of ₹93,811.41 crore, according to BSE data. Track LIVE Stock Market Updates Here
Cummins India Launches BESS
The company launched its battery energy storage systems, expanding its sustainable solutions portfolio under the company's 'Destination Zero' strategy, according to an exchange filing on Thursday. "This system is designed to support India's clean energy transition and strengthen the reliability of the country's power infrastructure," it said.
BESS technology enables integration of renewable and intermittent energy sources like solar and wind with existing infrastructure, providing benefits such as peak shaving, energy shifting, and optimised energy costs. It is expected to find strong demand across industries such as manufacturing, data centres, real estate, and mining, the company said in the statement.
India's energy landscape is undergoing a major shift, driven by climate goals and growing renewable adoption, Shveta Arya, managing director of Cummins India, said. 'Our BESS offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow,' she said, adding that the solution aligns with India's net-zero ambitions for 2070 and underscores Cummins' commitment to purposeful innovation.
Cummins India Q4 result 2025
In the quarter ended March 31, 2025, the company posted a consolidated net profit of ₹529.5 crore as against ₹538.86 crore a year ago, down 2 per cent. Its revenue from operations stood at ₹2,470.38 crore as compared to ₹2,319.02 crore a year ago, up 6.5 per cent.
About Cummins India
Cummins India is a power solutions provider in the country. It is involved in the power generation, aftermarket, and export businesses. The company has a strong manufacturing backbone and has five manufacturing plants, assembly, and distribution facilities. With over 480 customer touchpoints, the company is committed to powering the success of its customers and ensuring that its services and solutions are readily accessible.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
29 minutes ago
- Economic Times
US-based Capital group buys 360 ONE WAM shares for Rs 245 cr
Financial services company Capital group on Thursday bought shares of asset and wealth management firm 360 ONE WAM for Rs 245 crore through an open market transaction. ADVERTISEMENT US-based Capital group, through its affiliate New World Fund, Inc, purchased 20.94 lakh shares or 0.52 per cent stake in Mumbai-based 360 ONE WAM, as per the bulk deal data on the BSE. The transaction was valued around Rs 245.02 crore, executed at an average price of Rs 1,170 apiece. After the latest transaction, Capital group's combined holding in 360 ONE WAM through its affiliates -- Capital Income Builder and Smallcap World Fund, Inc -- rose to 12.11 per cent from 11.59 per cent. Detail of the sellers of 360 ONE WAM's shares could not be ascertained on the exchange. Shares of 360 ONE WAM fell 2.12 per cent to close at Rs 1,165 per piece on the BSE. ADVERTISEMENT On Tuesday, 360 ONE WAM said that Multi Commodity Exchange Clearing Corp Ltd (MCXCCL) slapped a penalty of Rs 25 lakh on its wholly-owned subsidiary 360 ONE distribution services for allegedly violating the norms. "The penalty is levied by MCXCCL for alleged false reporting of excess collateral by 360 ONE DSL, a wholly-owned subsidiary of the company, on certain days during the period October 2022 to September 2023," the company said in a regulatory filing. ADVERTISEMENT However, 360 ONE WAM said that its arm 360 ONE DSL will appeal against the imposition of this penalty before the appropriate authority of the exchange. The company also clarified that there will be no material impact on the company's financials or operations due to levy of the penalty. (You can now subscribe to our ETMarkets WhatsApp channel)
&w=3840&q=100)

Business Standard
40 minutes ago
- Business Standard
Pine Labs files DRHP with Sebi for IPO; to raise ₹2,600 cr via fresh issue
Temasek and Peak XV Partners-backed Pine Labs has filed preliminary pape₹ with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The IPO is a combination of fresh issuance of equity shares worth ₹2,600 crore and an offer for sale (OFS) of more than 14.78 crore shares by investor selling shareholders, according to the draft red herring prospectus (DRHP) filed on Wednesday. Under the OFS, Peak XV Partners, London-based Actis, PayPal, Mastercard Asia/Pacific, Temasek through Macritchie Investments, Invesco, Madison India Capital, MW XO Digital Finance Fund Holdco, Lone Cascade LP, and Pine Labs co-founder Lokvir Kapoor will be divesting their shares in the fintech firm. The company plans a pre-IPO placement of shares aggregating to ₹520 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of ₹870 crore will be used by the company to repay debt and ₹760 crore will be used for investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of digital checkout points. The company will use funds worth ₹60 crore for investment in its subsidiaries such as Qwikcilver Singapore, Pine Payment Solutions, Malaysia, and Pine Labs UAE for expanding the presence outside the country, and the balance for general corporate purposes, and unidentified inorganic acquisitions. Noida-based Pine Labs is a technology company focused on digitizing commerce through digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions. For the fiscal ended December 31, 2024, it has processed paytments worth ₹7,53,105 crore in gross transaction value and 3.97 billion transactions through its platforms. The company had more than 9.15 lakh merchants, 666 consumer brands and enterprises, and 164 financial institutions, who used its platforms to enable transactions quickly, securely and easily manage their business. According to the Redseer report, Pine Labs is one of the top five in-store digital platforms, and a prominent Bharat Bill Payment System transactions processing solutions provider in FY24. The company competes with the likes of Paytm, Razorpay, Infibeam, PayU Payments, PhonePe in the domestic market and Adyen, Shopify and Block in the overseas markets. For the fiscal ended December 31, 2024, the company reported a revenue from operations at ₹1,208.2 crore and profit after tax at ₹26.14 crore. The shares of the company are proposed to be listed on the BSE and NSE. Axis Capital, Morgan Stanley India Company, Citigroup Global Markets India, JP Morgan India, Jefferies India are the book running lead managers while KFin Technologies is the registrar for the IPO.


Business Standard
41 minutes ago
- Business Standard
Quick Wrap: Nifty Metal Index records a surge of 2.31%, NIFTY climbs 1.21%
Nifty Metal index ended up 2.31% at 9544.55 today. The index has added 3.00% over last one month. Among the constituents, Hindustan Copper Ltd jumped 4.96%, Steel Authority of India Ltd rose 4.18% and Jindal Steel & Power Ltd added 3.80%. The Nifty Metal index has decreased 2.00% over last one year compared to the 7.04% spike in benchmark Nifty 50 index. In other indices, Nifty Commodities index increased 1.76% and Nifty Infrastructure index gained 1.63% on the day. In broad markets, the Nifty 50 increased 1.21% to close at 25549 while the SENSEX witnessed a rise of 1.21% to close at 83755.87 today.