Latest news with #KSSL
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Business Standard
07-08-2025
- Business
- Business Standard
Stocks to Watch today, Aug 7: Bajaj Auto, Hero MotoCorp, Trent, BHEL, Ircon
Stocks to watch today, Thursday, August 7, 2025: Indian equity markets are likely to witness a muted start on Thursday as investors will react to additional 25 per cent tariffs imposed by US President Donald Trump on imports from India. At 7:10 AM, Gift Nifty Futures were trading at 24,590 points, down 40 points or 0.16 per cent. Asian markets were trading mixed after President Trump vowed to impose a 100 per cent tariff on imports of semiconductors and chips. Last checked, South Korea's KOSPI was up 0.5 per cent, Hong Kong's Hang Seng index was up 0.3 per cent, and Japan's Nikkei 225 was up 0.67 per cent. China's CSI 300 index was also trading 0.13 per cent higher. However, Australia's ASX 200 index was down 0.15 per cent. On Wednesday, Wall Street settled higher as investors watched the last batch of June quarter corporate earnings. The S&P 500 index rose 0.73 per cent and the Dow Jones Industrial Average settled 0.18 per cent higher. Here are the key stocks to watch today: Hero MotoCorp: The world's largest two-wheeler manufacturer reported a consolidated revenue from operations of ₹9,727.75 crore in the June quarter of fiscal 2026 (Q1FY26), down 4.7 per cent from ₹ 10,210.79 crore in the year-ago period. The company's profit after tax (PAT) came in at ₹1,705.65 crore, up 65.2 per cent from ₹1,032.2 crore in the Q1FY25. Bajaj Auto: The automobile major reported consolidated revenue from operations of ₹13,133.35 crore in the June 2025 quarter, up 10 per cent from ₹11,932.07 crore in the year-ago period. The company's PAT increased 13.84 per cent to ₹2,210.44 crore against ₹1,941.79 crore in the year-ago quarter. Trent: The Tata Group company reported standalone revenue from operations of ₹4,781 crore in Q1FY26, up 20 per cent from ₹3,992 crore in the year-ago quarter. Its profit before tax (PBT) grew 23 per cent to ₹555 crore from ₹450 crore in the Q1FY25. Jindal Stainless: The steel manufacturer reported a consolidated net revenue of ₹10,207 crore in Q1FY26, up 8.2 per cent from ₹9,430 crore in the same quarter of the previous fiscal. Profit after tax grew 10.6 per cent year-on-year (Y-o-Y) to ₹715 crore against ₹646 crore. Bharat Heavy Electrical (BHEL): The public sector enterprise posted consolidated revenue from operations of ₹5,484.91 crore compared to ₹5,484.92 crore in the year-ago period. The company's net loss widened to ₹455.5 crore from ₹211.4 crore in Q1FY25. Bharat Forge: The company has signed a Business Transfer Agreement (BTA) with its subsidiary, Kalyani Strategic Systems (KSSL), for the transfer of its defence business for ₹453.3 crore. The Company and KSSL have also entered into a Intellectual Property Rights Licensing Agreement. CreditAccess Grameen: The microfinance institution has appointed Ganesh Narayanan as managing director and chief executive officer (CEO) for a period of five years. Additionally, Udaya Kumar Hebbar has been appointed as a non-executive (nominee) director, effective August 5. IRCON: The engineering and construction company posted operating revenue of ₹1,786.3 crore, down 21.9 per cent from ₹2,287.1 crore in the year-ago quarter. The company's PAT fell 26.8 per cent to ₹164.1 crore in Q1FY26 from ₹224 crore in the year-ago period. Raymond: The textile major reported revenue from operations of ₹524 crore, up 17 per cent from ₹450 crore in the year-ago period. However, net profit fell 8.9 per cent Y-o-Y to ₹21 crore from ₹23 crore. Q1 results today: Titan Company, LIC, HPCL, Godrej Consumer Products, Kalyan Jewellers India, Bajaj Electricals, Biocon, Cummins India, Metropolis Healthcare, National Aluminium Company, Kalpataru Projects International, Aegis Logistics, Apollo Tyres, Birlasoft, Data Patterns (India), Edelweiss Financial Services, Emcure Pharmaceuticals, Indigo Paints, General Insurance Corporation of India, CE Info Systems, Global Health, Medi Assit Healthcare Services, Page Industries, Ramco Industries, Shree Renuka Sugars, and Sai Life Sciences, among others will release their Q1 earnings today.
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Business Standard
02-07-2025
- Business
- Business Standard
Bharat Forge acquires AAM India Manufacturing for ₹746.46 crore
Defence major Bharat Forge Limited (BFL) acquired 100 per cent stake in AAM India Manufacturing, the company announced in an exchange filing. Pune-based Bharat Forge acquired AAM India Manufacturing at an equity value of ₹746.46 crore. The acquired company has ₹189.48 crore cash on its books, which will be used to support future growth of the company. ''The final equity value is subject to net working capital adjustments as of June 30, 2025'', the company said. AAM India Manufacturing is an axle manufacturer of light, medium and heavy commercial vehicles in India. The company operates major manufacturing facilities in Pune and Chennai, as well as an engineering and development center in Pune. The Competition Commission of India (CCI) had approved the proposed acquisition on April 22, 2024. Bharat Forge is an engineering and manufacturing company, specialising in forged and machined components for the automotive, industrial, and defense sectors. Internal restructuring In June, Bharat Forge Limited had conducted internal restructuring by transferring its defence business to its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL). As part of the exercise, Bharat Forge signed an agreement to transfer BFL's certain defence assets to KSSL. This transfer is being executed at fair market value as determined by an independent valuer. In return, KSSL will issue Optionally Convertible Redeemable Preference Shares (OCRPs) to Bharat Forge as consideration for the transaction.
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Business Standard
25-06-2025
- Business
- Business Standard
Why India's defence-industrial ecosystem remains in the State's hands
The country has one of the largest defence-industrial bases in the developing world: 16 DPSUs, over 430 licensed companies, about 16,000 micro, small, and medium enterprises, and 46 DRDO labs Bhaswar Kumar Listen to This Article Dozens of wheeled self-propelled artillery systems stood ready for export at Bharat Forge's Pune factory last year. While they weren't on the Indian Army's shopping list, another was: The 155-millimetre 52-calibre Advanced Towed Artillery Gun System (ATAGS), developed by the Defence Research and Development Organisation (DRDO) with Bharat Forge subsidiary Kalyani Strategic Systems Ltd (KSSL) and Tata Advanced Systems Ltd (TASL). The first shot was fired in 2016. Yet the gun had no domestic order by summer 2024, despite extensive trials and an initial government nod for 307 guns in March 2023. KSSL's leadership was still confident the ATAGS' journey
Zawya
20-02-2025
- Business
- Zawya
Kalyani Strategic Systems Ltd and AM General sign landmark letter of intent for supply of cannons to the U.S.
Abu Dhabi, UAE: Kalyani Strategic Systems Ltd (KSSL), a 100% subsidiary of Bharat Forge Ltd, India, and AM General, USA, have signed a Letter of Intent (LOI) at IDEX 2025 for the supply of made in India advanced artillery cannons to the United States. This marks the first-ever supply of cannons from an Indian defence manufacturer to the United States, a testament to the strengthening bilateral defence cooperation between the two nations. Building upon its extensive expertise in artillery systems and its prior collaboration with AM General, KSSL continues to establish itself as a key player in the global defence industry. The company had recently entered an agreement with AM General to co-develop a wide range of next-generation artillery solutions, including mounted, towed, and ultra-light gun systems in both 105mm and 155mm calibers. Speaking on the sidelines of the ongoing IDEX in Abu Dhabi, Mr. Baba Kalyani, Chairman & Managing Director, Bharat Forge Ltd. said, 'Supply of made in India critical defence systems to the United States is pathbreaking! We at KSSL are proud to be the first Indian company to supply cannons to U.S. It is a testament to our capabilities and a major advancement in our mission to be a world leading Artillery Solutions provider. This agreement underscores the trust and confidence that global defence leaders, such as AM General, place in our capabilities. It also reinforces our commitment to delivering cutting-edge, battle-proven solutions to meet modern warfare requirements.' AM General, a global leader in military vehicle platforms, has been actively exploring next-generation artillery solutions. The company's prior collaboration with KSSL on artillery platforms has paved the way for this deeper engagement. John Chadbourne, Executive Vice President, AM General, shares, 'This Letter of Intent with KSSL represents an important step in expanding our strategic partnership. Given KSSL's proven artillery capabilities and our shared commitment to technological innovation, we see tremendous potential in bringing advanced artillery solutions to the U.S. defence forces. AM General and Mandus are looking forward to exploring this collaboration with Kalyani Group to ultimately deliver Advance Mobile Artillery Capabilities.' This initiative also comes after India-U.S. bilateral defence meeting, reaffirming the growing strategic partnership between the two nations and their joint efforts in strengthening defence industrial cooperation. It also underscores India's growing defence manufacturing footprint and its emergence as a trusted supplier of advanced weaponry to global markets. About Kalyani Strategic Systems Limited: KSSL (a wholly owned subsidiary of Bharat Forge Limited), a pioneer in the Indian defence industry with a strong research-and-development focus, has developed a number of indigenous weapon platforms, off- road protected mobility solutions and high-technology military products. It is already exporting its in-house designed and developed artillery systems, munitions, and mobility solutions globally. About Bharat Forge Bharat Forge Limited (BFL), a Pune-based Indian multinational, is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. BFL has global manufacturing footprint with presence across five countries, with the largest repository of metallurgical knowledge and offers full service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation. AM General AM General , manufactures, and supports specialized vehicles for military and commercial customers. With a well-rounded product portfolio, which includes the iconic HUMVEE vehicles, Joint Light Tactical Vehicle A2 (JLTV A2), the next-generation HUMVEE Saber light tactical truck that has enhanced levels of protection, and the revolutionary soft recoil technology for mobile platforms, AM General strives to offer continuous improvement that is mission ready and future driven. Mandus Group LLC is well known industry leaders in Artillery Solutions, Logistic, Support and repair, who holds the IP of highly innovative and unique advanced recoil technology and are leading developer of revolutionary Soft Recoil Based mobile weapon platform. Mandus group Mandus LLc is well known industry leaders in artillery solutions, logistics, support and repair, who holds the IP of highly innovative and unique advanced recoil technology and leading developer of revolutionary soft recoil based weapon systems
