Latest news with #A&D
The Hindu
26-05-2025
- Business
- The Hindu
Why has Tamil Nadu adopted a space sector policy?
The story so far: On April 17, the Tamil Nadu Cabinet, at a meeting chaired by Chief Minister M.K. Stalin in Chennai, approved the Space Industrial Policy, thereby following Karnataka and Gujarat in formulating a State-specific document to stimulate development and woo investments in the space sector, which encompasses satellite manufacturing, launch services, and satellite services. In 2023, the Union government came out with the Indian Space Policy 2023 to provide a framework to support the space ecosystem. How is Tamil Nadu placed? The Indian Space Research Organisation (ISRO) has established an ISRO propulsion complex (IRPC) in Mahendragiri of Tirunelveli district. Apart from handling and testing earth storable propellant engines, cryogenic engines and stages for launch vehicles, the IRPC conducts research and development (R&D) and technology development programmes. ISRO is also establishing the country's second spaceport at Kulasekarapattinam in Thoothukudi. This strategic initiative aims to enhance India's space capabilities and facilitate satellite launches. The State is also home to various space startups, which are working on subdomains such as launch vehicles, reusable launch vehicles, in-space refuelling, in-space manufacturing and multi-payload data fusion from satellites, as per the Space Industrial Policy. Additionally, the National Institute of Technology (NIT), Tiruchi, hosts the southern region's Space Technology Incubation Centre (STIC), playing a pivotal role in undertaking developmental projects of the ISRO. What triggered the policy? The Indian National Space Promotion and Authorisation Centre (IN-SPACe), a body created by the Department of Space at the Centre for promoting, authorising and overseeing the activities of Non-Government Entities (NGEs) in the sector, had suggested to the State government to come out with a document, says a senior official. Even as the State government produced the Aerospace and Defence (A&D) Industrial Policy three years ago, it identified space as one of the priority areas. Additionally, the State has a vendor base with over 250 vendors catering to the requirements of the ISRO. The Tamil Nadu Industrial Development Corporation (TIDCO) has signed a Memorandum of Understanding with IN-SPACe to enable startups and established companies to launch manufacturing related activities and services, design and R&D, strategic electronics manufacturing and space-grade components. What does Policy want to achieve? Aimed at attracting ₹10,000 crore investments in the next five years, the document, according to the government, may pave the way for the generation of direct and indirect employment for nearly 10,000 persons in the given period. The Policy has been prepared, keeping in mind the need for leveraging the State's strengths in electronics, precision manufacturing and related sectors, and integrating space technologies into Tamil Nadu's governance to improve citizens' quality of life. Space technologies have immense applications in departments such as disaster management, fisheries, agriculture, transport, revenue, health, and municipal administration. The State government would provide a payroll subsidy for companies that are involved in R&D or that would establish global capability centres in the space sector. The government will also notify select regions as Space Bays for offering structured packages of incentives to firms that plan to do investments below ₹300 crore. Additionally, space industrial park developers will be eligible for an industrial housing incentive of 10% on the cost of developing residential facilities within the industrial park over 10 years, subject to a ceiling of ₹10 crore. Those undertaking green and sustainable initiatives will be eligible for a 25% subsidy on the cost of capital for such initiatives, subject to a ceiling of ₹5 crore.
Yahoo
08-05-2025
- Business
- Yahoo
Celestica (TSX:CLS) Raises 2025 Earnings Guidance with 33% Stock Surge Over Last Month
Celestica Inc. (TSX:CLS) recently saw its stock price increase by 33% over the past month, bolstered by its raised earnings guidance and robust first-quarter 2025 earnings report. The company's revised revenue forecast of $10.85 billion for the year and significant rise in Q1 sales were key drivers. Additionally, the completion of a significant share buyback program likely contributed to investor confidence. These company-specific developments align with broader market gains during the same period, such as the 1.2% uptick, as market optimism surged following positive macroeconomic news, including a new U.S.-U.K. trade agreement. Buy, Hold or Sell Celestica? View our complete analysis and fair value estimate and you decide. This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. The recent surge in Celestica Inc.'s stock price, up 33% this past month, could signal positive momentum influenced by its improved earnings guidance and robust Q1 results. These developments could bolster analyst predictions of revenue and earnings growth, especially with the company's focus on high-performance networking and AI initiatives. This optimism could translate into stronger future revenue streams, considering Celestica's strategic maneuvers in its A&D segment and active share buyback commitments. However, the company's dependency on hyperscaler customers and fluctuating trade policies presents potential risk factors that might affect these forecasts. Over a longer timeframe, Celestica's shares have seen a very large total return of 1564.21% over five years, highlighting significant growth relative to the recent one-year outperformance against the Canadian Electronic industry, which returned 89.8%. This sustained trajectory provides a compelling context for the recent price advancements. Yet, its current share price of CA$120.48 remains below the analyst consensus price target of CA$202.38, suggesting substantial room for upside if the company's strategic initiatives meet or exceed market expectations. As these narratives evolve, monitoring how the company's execution impacts its longer-term financial targets will be crucial for investors assessing its potential value. Evaluate Celestica's historical performance by accessing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:CLS. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
