Latest news with #MufinGreenFinance
Entrepreneur
5 days ago
- Business
- Entrepreneur
World Environment Day 2025: Can AI Fix the Energy Problem It Helped Create?
"Without skilled workers to maintain these systems, long-term gains are harder to secure. AI offers clear efficiency boosts, but it's not a plug-and-play solution; it requires system-wide adaptation," says Pratik Mandvia, Solar Business Head, Mufin Green Finance Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The enormous energy appetite behind artificial intelligence (AI) loudly raises concerns about the massive electricity consumption powering the everyday AI-driven innovations dominating headlines. According to the International Energy Agency (IEA), global electricity demand from data centres could double by 2030 to around 945 terawatt-hours (TWh), slightly more than Japan's entire electricity consumption today. That's both shocking and real. But experts believe AI might be both the problem and the solution. AI's Play in Solar India's solar capacity has grown exponentially, with a 3,450 per cent increase over the past decade from just over 2.82 GW in 2014 to nearly 100 GW in 2025, according to the Ministry of New and Renewable Energy. The government's goal is to reach 500 GW by 2030, contributing significantly to its broader non-fossil energy target. According to Pratik Mandvia, Solar Business Head, Mufin Green Finance, "AI in solar now goes beyond weather forecasting. It helps optimise panel tilt, detect faults, predict shading, and manage grid loads in real time." He added that AI-led project planning has slashed construction timelines by 30 per cent and improved energy yield predictions by as much as 30 per cent. "However, limitations remain. Data quality and access are inconsistent, particularly in rural or legacy systems. Also, integrating AI into outdated infrastructure is also challenging," Mandvia explained. Meanwhile, Anand Jain, Founder of Aerem, believes that AI use cases within solar are still developing such as Energy Management Systems (EMS) and predictive maintenance solutions. However, he noted, "The quality of data and consistency remain major hurdles." Startups are the solutions Despite solar's clean image, environmental trade-offs are starting to emerge. Jain said that India already generated 100 kilotonnes of solar waste in 2024, a number expected to grow to 600 kilotonnes by 2030 and a staggering 19 million tonnes by 2050. Much of this is due to the absence of a proper end-of-life (EoL) policy for solar panels. Adding to this, Subhradeep Das, Development & Policy Economist, noted, "India must create a regulatory framework for the recycling and disposal of PV waste, similar to the EU's WEEE directive. Otherwise, we risk trading one crisis for another." He also warned that much of the upstream manufacturing is heavily dependent on Chinese polysilicon, embedding both carbon and geopolitical vulnerabilities into the supply chain. Mandvia echoed this sentiment and believes startups and small manufacturers can help in the long run. "India imports over 60 per cent of its solar modules from China, creating vulnerabilities in pricing and supply chains. While this has helped rapidly scale capacity, long-term resilience depends on local manufacturing. The government's PLI schemes and customs duties aim to boost domestic production. Startups and small manufacturers are gradually filling gaps, especially in modules, inverters, and battery packs," he said. But he concludes on the note of the skilled workforce challenge. AI could become a major game-changer, but it requires widespread adoption. "Without skilled workers to maintain these systems, long-term gains are harder to secure. AI offers clear efficiency boosts, but it's not a plug-and-play solution; it requires system-wide adaptation."
Mint
6 days ago
- Business
- Mint
Small-cap NBFC stock below ₹100 edges higher after conversion of warrants into equities
Small-cap NBFC stock: Mufin Green Finance share price rose nearly 2% during Wednesday's trading session after receiving an equity infusion of ₹ 4.95 crore through the conversion of warrants. The firm converted 12 lakh warrants into equity shares valued at ₹ 4.95 crore, each priced at ₹ 41.25. As a result, Mufin Green Finance's paid-up capital rose to ₹ 16.46 crore. This response addresses the company's notification dated December 27, 2023, concerning the issuance of 2.55 crore convertible warrants, which can be converted into equity shares with a face value of ₹ 1 each, at an issue price of ₹ 55 each, subsequent to the collection of subscription funds from the allottees on a preferential basis. As a result, the company's issued and paid-up capital has increased to ₹ 16,46,90,172/-, comprised of 16,46,90,172 equity shares of Re. 1/- each. According to MoneyControl, Gunjan Jain, the CFO of the company, mentioned that Mufin Green Finance aims to achieve an AUM of ₹ 1,300 crore by the conclusion of FY26, with an additional capital injection of $18 million and approximately 60% of its investments focused on the EV mobility sector. As per a report from Moneycontrol, this signifies a decrease from the existing 75% exposure, as the firm aims to diversify into solar and healthcare-oriented medical and premium financing products to establish a more balanced portfolio across various customer segments and associated risk levels. "We're deliberately minimizing our dependence on electric mobility," stated CBO Dhiraj Agrawal. "Our targeted portfolio distribution by FY26 is 60% from EVs and 40% from solar and medical finance." The company's solar loan portfolio, currently modest at ₹ 25 crore out of a total ₹ 836-crore portfolio, is projected to expand to ₹ 300–400 crore in the next two years, Agrawal noted, as per MoneyControl news report. Mufin Green Finance share price today opened at ₹ 77.44 apiece on the BSE, the stock touched an intraday high of ₹ 78.55 per share, and an intraday low of ₹ 76.30 per share. According to Anshul Jain, Head of Research at Lakshmishree Investments, After a 73% correction over 61 weeks, Mufin Green Finance share price is forming a 13-week base, indicating early signs of stabilization. A breakout above ₹ 85 will confirm the pattern and open room for a bounce-back rally. Traders should consider fresh longs only on a sustained move above ₹ 85, with an initial upside target of ₹ 110. Until then, the stock may continue consolidating within the current range as it builds strength for a potential breakout.
Mint
28-05-2025
- Business
- Mint
NBFC stock below ₹100: Mufin Green Finance shares rise after Q4 results 2025
Stock Market Today: NBFC stock below ₹ 100, Mufin Green Finance shares gained on Wednesday during the intraday trades after Q4 results 2025. NBFC stock below ₹ 100, Mufin Green Finance Board of Directors on 27 May 2025 approved the Standalone and consolidated audited financial results for the quarter and financial year ended 31 March, 2025. NBFC stock below ₹ 100, Mufin Green Finance reported consolidated net profit for the quarter ending March 2025 came at ₹ 3.41 crore . The reported net profit by Mufin Green Finance during the January to March 2025 quarter was lower than ₹ 4.07 crore reported by the company in the January to March 2025 quarter. NBFC stock below ₹ 100, Mufin Green Finance revenue from operations at ₹ 49.62 crore during the fourth quarter of FY2025 came 54% higher compared ₹ 32.20 crore reported by Mufin Green Finance during the year ago quarter Mufin Green Finance share price opened at ₹ 80.93 on the BSE on Wednesday. At the opening levels, the stock was marginally lower compared to the previous day's closing price of ₹ 81 for NBFC stock, Mufin Green Finance share price During the day, NBFC stock below ₹ 100, Mufin Green Finance share price nevertheless managed to rise to intraday highs of ₹ 82.90. The NBFC stock below ₹ 100, Mufin Green Finance share price thereby gained more more than 2% during the intraday trades though the Mufin Green Finance share price edged lower lower with the pressure on the Indian Stock Market as the Sensex lost more than 0.4% during the intraday trades. The NBFC stock below ₹ 100, Mufin Green Finance share price though had corrected significantly from 52 week or 1 year high of RS 141.60 in October 2024 to 52 week or 1 year low of ₹ 63.66 in April 2025. However the NBFC stock below ₹ 100, Mufin Green Finance has been rebounding smartly since April 2025 lows.
Mint
28-05-2025
- Business
- Mint
NBFC stock below ₹100: Mufin Green Finance shares rise after Q4 results 2025
Stock Market Today: NBFC stock below ₹ 100, Mufin Green Finance shares gained on Wednesday during the intraday trades after Q4 results 2025. NBFC stock below ₹ 100, Mufin Green Finance Board of Directors on 27 May 2025 approved the Standalone and consolidated audited financial results for the quarter and financial year ended 31 March, 2025. NBFC stock below ₹ 100, Mufin Green Finance reported consolidated net profit for the quarter ending March 2025 came at ₹ 3.41 crore . The reported net profit by Mufin Green Finance during the January to March 2025 quarter was lower than ₹ 4.07 crore reported by the company in the January to March 2025 quarter. NBFC stock below ₹ 100, Mufin Green Finance revenue from operations at ₹ 49.62 crore during the fourth quarter of FY2025 came 54% higher compared ₹ 32.20 crore reported by Mufin Green Finance during the year ago quarter Mufin Green Finance share price opened at ₹ 80.93 on the BSE on Wednesday. At the opening levels, the stock was marginally lower compared to the previous day's closing price of ₹ 81 for NBFC stock, Mufin Green Finance share price During the day, NBFC stock below ₹ 100, Mufin Green Finance share price nevertheless managed to rise to intraday highs of ₹ 82.90. The NBFC stock below ₹ 100, Mufin Green Finance share price thereby gained more more than 2% during the intraday trades though the Mufin Green Finance share price edged lower lower with the pressure on the Indian Stock Market as the Sensex lost more than 0.4% during the intraday trades. The NBFC stock below ₹ 100, Mufin Green Finance share price though had corrected significantly from 52 week or 1 year high of RS 141.60 in October 2024 to 52 week or 1 year low of ₹ 63.66 in April 2025. However the NBFC stock below ₹ 100, Mufin Green Finance has been rebounding smartly since April 2025 lows. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
28-05-2025
- Business
- Business Standard
Mufin Green Finance consolidated net profit declines 11.11% in the March 2025 quarter
Sales rise 53.55% to Rs 49.32 crore Net profit of Mufin Green Finance declined 11.11% to Rs 3.60 crore in the quarter ended March 2025 as against Rs 4.05 crore during the previous quarter ended March 2024. Sales rose 53.55% to Rs 49.32 crore in the quarter ended March 2025 as against Rs 32.12 crore during the previous quarter ended March 2024. For the full year,net profit rose 22.10% to Rs 19.61 crore in the year ended March 2025 as against Rs 16.06 crore during the previous year ended March 2024. Sales rose 82.43% to Rs 178.23 crore in the year ended March 2025 as against Rs 97.70 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 49.3232.12 54 178.2397.70 82 OPM % 56.9171.26 - 66.0369.40 - PBDT 5.066.61 -23 29.2424.04 22 PBT 4.225.65 -25 25.9321.75 19 NP 3.604.05 -11 19.6116.06 22
