NBCC signs MoU with Department of Post, Govt. of India
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Business Standard
9 hours ago
- Business Standard
Larsen & Toubro wins order for BESS-Integrated Solar Plant in Bihar
The Renewables business vertical of L&T has secured a significant order to develop a grid-connected 116 MWac Solar Photovoltaic (PV) plant integrated with a 241 MWh Battery Energy Storage System (BESS) at Kajra, Lakhisarai district in Bihar. According to the company's project classification, the order is valued between Rs 1,000 crore to Rs 2,500 crore. The engineering, procurement and construction order marks an extension of the earlier phase, taking the total co-located storage capacity of the renewable generation site at Lakhisarai to 495 MWh the largest such project awarded by a state utility in India. The deployment of a 4-hour BESS alongside intermittent solar generation will enable energy time-shifting, allowing surplus clean energy to be stored and despatched during peak demand periods. The advanced BESS solution will feature liquid cooling technology, ensuring higher power density, improved safety, and extended operational life. The initiative aligns with Government of India's policy push for co-located renewable energy storage systems and supports the Jal-Jeevan-Hariyali Abhiyan (water, life, and greenery mission) in Bihar, while contributing to employment generation and long-term energy security. The Renewables business vertical had earlier secured an EPC order for a 275 MW Solar PV project in Gujarat, strengthening its portfolio of flexible, efficient and cost-effective clean energy systems.
Indian Express
a day ago
- Indian Express
Stocks to Watch on Monday, August 4: Coal India, Tata Motors, L&T, ITC, LIC Housing Finance, PC Jeweller and more
Stocks to Watch: Shares of several companies will remain in focus on Monday (August 4) including Bajaj Auto, Coal India, Tata Motors, L&T, ITC, LIC Housing Finance, and PC Jeweller, among others. On Friday (August 1), equity benchmark indices Sensex and Nifty declined sharply for the second straight session on Friday, tracking deep losses in pharma, metal, and IT stocks amid trade-related concerns and widespread selling pressure in global markets. In a volatile trade, the 30-share BSE Sensex tumbled 585.67 points or 0.72 per cent to settle at 80,599.91. During the day, it dropped 690.01 points or 0.84 per cent to 80,495.57. As many as 2,712 stocks declined while 1,306 advanced and 151 remained unchanged on the BSE. The 50-share NSE Nifty declined 203 points or 0.82 per cent to 24,565.35. Bajaj Auto has Friday reported a 3 per cent year-on-year growth in total vehicle wholesales, including exports, at 366,000 units in July. The Pune-based automaker had sold 3,54,169 vehicles in July 2024, according to a regulatory filing. Commercial vehicles maker Ashok Leyland on Friday reported 8 per cent year-on-year increase in total sales at 15,064 units in July. The company had sold a total of 13,928 units in July 2024, the Chennai-based firm said in a statement. Renewable energy solutions provider Suzlon has secured a 381 MW wind energy order from Zelestra India and its affiliates for its first-ever Firm and Dispatchable Renewable Energy (FDRE) project. The 381 MW project, involving 127 of Suzlon's S144 turbines, will be spread across Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW), a company statement said. Mahindra & Mahindra posted a 26 per cent year-on-year increase in total sales at 83,691 units in July, as compared to 66,444 units in the same month last year. In the utility vehicles segment, the Mumbai-based automaker sold 49,871 units in the domestic market, a growth of 20 per cent, as compared to 41,623 units in July last year. Fintech firm One MobiKwik Systems has reported its consolidated loss widening to Rs 41.9 crore in the June quarter, compared to a loss of Rs 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at Rs 271.3 crore, a 20.7 per cent decline from Rs 342.2 crore in Q1 FY25, as per a regulatory filing. State-owned NBCC has signed a pact to develop land parcels owned by the Department of Post. In a regulatory filing on Friday, NBCC informed that it has signed a Memorandum of Understanding (MoU) with Department of Post on July 30, 2025, for 'development of various land parcels on PAN India basis on NBCC's redevelopment self sustainable mode'. GlaxoSmithKline Pharmaceuticals on Friday said its consolidated net profit increased 12 per cent year-on-year to Rs 279 crore for the June quarter. The drug firm had reported a net profit of Rs 249 crore for the June quarter of the last fiscal. Total income declined marginally to Rs 849 crore for the first quarter as compared with Rs 850 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing. State-owned CIL on Friday reported a six per cent drop in production at 229.8 million tonnes (MT) in the April-July period of the current financial year even as the government is making efforts to increase the output to cut imports. The company had produced 244.3 MT of coal in the corresponding period of the previous fiscal, Coal India Ltd (CIL) said in a filing to BSE. Larsen & Toubro (L&T) has bagged an order in the range of Rs 2,500-5,000 crore from Vedanta group firm Hindustan Zinc for designing and commissioning of one of its plants. The project has been awarded to the minerals and metals business vertical of L&T, a company filing said. Tata Motors on Friday said its total wholesales dipped 4 per cent year-on-year to 69,131 units last month as compared with 71,996 units in July 2024. The company's total domestic dispatches declined 12 per cent to 39,521 units last month against 44,725 units in July last year, the auto major said in a statement. Private sector lender IDFC First Bank on Friday said it has mobilised Rs 4,876 crore by allotting convertible cumulative preference shares (CCPS) to Currant Sea Investments B.V., an affiliate company of global growth investor Warburg Pincus. The board of directors of the bank (Board Committee) has on Friday approved the preferential allotment of 81,26,94,722 CCPS of face value of Rs 10 at an issue price of Rs 60 per unit to Currant Sea Investments B.V., aggregating to Rs 4,876 crore, IDFC First Bank said in a regulatory filing. LIC Housing Finance on Friday reported a 5 per cent increase in its profit to Rs 1,360 crore in the first quarter of the current fiscal. LIC-promoted housing finance company had reported a profit of Rs 1,300 crore in the year-ago period. The total income increased to Rs 7,233 crore during the quarter against Rs 6,784 crore in the same period last year, LIC Housing Finance said in a regulatory filing. ITC Ltd on Friday reported a consolidated profit of Rs 5,343.41 crore for the June quarter. The company had posted a consolidated profit of Rs 19,807.88 crore in the year-ago period, according to a regulatory filing from ITC. ITC's revenue from operations was at Rs 23,129.35 crore in the June quarter. It was Rs 20,376.36 crore in the corresponding quarter of the previous fiscal year. P C Jeweller Ltd reported a 4 per cent increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June 2025. Its net profit stood at Rs 156.06 crore in the year-ago period. Total income surged to Rs 807.88 crore during the April-June period of 2025-26 fiscal from Rs 439.78 crore in the corresponding period of the preceding year, according to a regulatory filing. JK Lakshmi Cement Ltd has reported over twofold increase in consolidated net profit at Rs 149.88 crore for the June quarter of 2025-26 financial year. The company, which completed the merger of subsidiary Udaipur Cement Works, had posted a profit of Rs 56.68 crore in the April-June period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKLC), a flagship company of JK Organisation. Total income was up 11.8 per cent at Rs 1,763.14 crore in the June quarter, helped by volume gains. It was at Rs 1,576.96 crore in the corresponding quarter. Electrification and automation major ABB India on Saturday posted a 20 per cent fall in net profit to Rs 352 crore during the June quarter compared to the year-ago period, primarily due to the impact of forex volatility and higher expenses. The company had reported profit after tax of Rs 443 crore in the same quarter of 2024, a company statement said. The company follows January-December financial year. Federal Bank's net profit declined by 15 per cent to Rs 862 crore in the June quarter as a compression in margins impacted core income and an uptick in bad assets led to higher provisions. The bank management said that the second half of the fiscal year must see higher credit growth, and also an uptick in the net interest margins, and blamed the industry-wide issues on the microfinance front for the uptick in non-performing assets. (With inputs from PTI)
The Hindu
a day ago
- The Hindu
More than 20 lakh Assam farmers get ₹422 crore under PM-KISAN scheme
'More than 20 lakh farmers in Assam have received more than ₹422 crore under the PM-Kisan Samman Nidhi scheme,' officials said on Sunday (August 3, 2025.) The amount was disbursed on Saturday (August 1, 2025) as part of a nationwide programme, which was launched by Prime Minister Narendra Modi in Varanasi,' a senior official of the Agriculture Department said. "Under the 20th instalment of the PM-Kisan scheme, more than 20.31 lakh eligible farmer families in Assam have received the benefit," he added. As per the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, eligible farming families receive ₹6,000 annually in three equal instalments of ₹2,000 each. "Nearly 20.31 lakh farmers across our State have received ₹422.05 crore directly into their bank accounts under the PM-KISAN scheme. This timely support is a testament to the unwavering commitment of the Hon'ble Prime Minister Shri @narendramodi Ji towards ensuring dignity, security and prosperity for our Annadatas," Assam Agriculture Minister Atul Bora said in a post on X. PM-KISAN is one of the flagship schemes of the Central Government and is the world's largest direct benefit transfer (DBT) programme. With the aim of fulfilling the financial needs of farmers and enhancing the overall productivity of the agriculture sector, the Government of India launched this scheme on February 24, 2019 as a strategic initiative. Commenting on the scheme, Assam Chief Minister Himanta Biswa Sarma said, "Over the years, this scheme has played a key role in empowering our farmers and giving them a token of recognition from a thankful nation. Gratitude to Adarniya Shri @narendramodi ji for consistently working for empowering the farmers of the nation."
