Latest news with #MukhyamantriSaurKrishiVahiniYojana
Hans India
4 days ago
- Business
- Hans India
Viksit Maharashtra making special contribution in realising dream of Viksit Bharat, says CM Fadnavis
Mumbai: Chief Minister Devendra Fadnavis on Friday said the state is moving forward very rapidly in the entire development system of India, and that Viksit Maharashtra is making a special contribution to realise the dream of a Viksit Bharat. 'The country is continuously progressing under the leadership of Prime Minister Narendra Modi. In just a decade, India has made a huge leap from the eleventh-largest economy in the world to the fourth-largest economy. Today, the state of Maharashtra is moving forward very rapidly in the entire development system of India. Viksit Maharashtra is making a special contribution to the dream of a Viksit India. This development story of the country will not stop anymore. The Prime Minister has given the slogan of Atmanirbhar Bharat, which is very important. We all have to make joint efforts to make India self-reliant,' he asserted. After flag hoisting on the occasion of the country's 79th Independence Day at Mantralaya, the chief minister said that today no one can stop India's development story. India is making progress in various fields. India has also taken a firm step in the space sector. To make India self-reliant, all the products and systems that exist in the world will have to be manufactured in India with quality. "Innovation, startups, and technology will have to be established in India with the same level of capability. India is moving in that direction," he said. Referring to Prime Minister Narendra Modi's call for 'Swadeshi', the chief minister said, wherever possible, everyone will have to work to strengthen the country to become Atmanirbhar by opting for Swadeshi. 'During Operation Sindoor, the Indian Army showed the whole world the power of the country. In Operation Sindoor, the Indian Army destroyed all the terrorist bases in a very disciplined manner. Through this, the attacks on India were repelled. Due to this, the world has also understood what the new India is. Therefore, I congratulate and thank all the Army officers and soldiers who participated in Operation Sindoor,' he added. Pointing out Maharashtra's preeminence in attracting the highest foreign direct investment, CM Fadnavis said the state has received 40 per cent of the total FDI at the national level. 'This investment is generating a large amount of employment in the state. Maharashtra is at the top in the manufacturing, import-export and startup sectors. This is a big development race. Maharashtra has started efforts to develop human resources along with a good education system. The state will contribute to the entire development system of the country in the future through skilled and trained Human Resources,' he remarked. CM Fadnavis said that Maharashtra has decided to provide free electricity to farmers so that they get electricity for 12 hours a day, and for this, the world's largest distributed solar project is underway in Maharashtra under the Mukhyamantri Saur Krishi Vahini Yojana. "After this project is completed in December 2026, farmers will definitely get electricity for 12 hours a day. At that time, Maharashtra will be the first state to provide 100 per cent green electricity," he noted. 'A large amount of work is going on in the field of irrigation, especially through river linking projects, be it the Wainganga, Nalganga scheme or bringing water flowing into the Godavari basin to make North Maharashtra and Marathwada drought-free or bringing water to the Tapi basin through various river linking projects. Due to these projects, Maharashtra will become an important state that creates abundant water reserves to provide drinking water to farmers, industries and large-scale agriculture,' said the chief minister. In the field of agriculture, too, by using artificial intelligence, the CM said the government is making efforts to benefit the agriculture sector and protect it from climate change. CM Fadnavis said that the security forces and police have maintained law and order in Maharashtra. Gadchiroli has almost become free from Maoists. 'Gadchiroli is now being developed as the new steel hub of the country. In the next ten years, the largest steel capacity in the country will be created,' he added. According to the chief minister, Maharashtra is a leader in infrastructure development. 'Various infrastructure projects have been undertaken in Maharashtra. Along with roads and airports, the work of development of Vadhavan Port has been undertaken. This port is among the top ten ports in the world, and it will make Maharashtra and India a new maritime power. At the same time, the work of constructing new airports or modernising airports in Pune, Mumbai, Nagpur, Gadchiroli, Amravati and Chhatrapati Sambhajinagar is also underway,' he said. CM Fadnavis said that the 701 km Samruddhi Mahamarg and the proposed Rs 86,000 crore Shaktipeeth Mahamarg are creating a network of highways. Along with that, it has also been decided to take concrete roads to every village with a population of up to 1,000. He added that the development story will continue as Maharashtra will be the biggest participant in the development story of India.
Mint
30-06-2025
- Business
- Mint
Recommended stocks to buy today, 30 June, by India's leading market experts
On Friday, the Indian stock market ended the week on a strong note, driven by continued positive momentum and broad-based buying interest across key sectors. After a steady open, the indices maintained an upward bias throughout the session, supported by declining volatility and improved sentiment. Looking for stocks to buy today? Top market experts share their best stock picks for 30 June Top three stocks recommended by Ankush Bajaj Adani Enterprises Ltd (ADANIENT): Current price: ₹2,646.00 Also Read: Four oil-related stocks to keep on your watchlist IndusInd Bank Ltd (INDUSINDBK): Current price: ₹857.00 Also Read: Lalithaa Jewellery IPO: Is the gold rush hiding governance glitches? State Bank of India (SBIN): Current price: ₹805.00 Three stocks from the sugar industry, recommended by NeoTrader's Raja Venkatraman: EIDPARRY (Cmp 1056.50) Also Read: Debt-free stocks aren't always risk-free. Here's proof. BAJAJHIND (Cmp 25.92) ANDHRASUG (Cmp 83.37) Here are two stocks to trade from the renewable energy sector, as recommended by Trade Brains Portal for 30 June: Waaree Renewable Technologies Ltd - Current price: ₹ 985 The company's FY2025 revenue of ₹1,597.75 crore was a remarkable 82.29% increase over FY2024 revenue of ₹876.5 crore. Compared to FY24's EBITDA of ₹207.18 crore, FY2025's EBITDA of ₹310.90 crore was a 50.06% year-over-year increase. Compared to FY2024's PAT of ₹145.22 crore, FY2025's PAT of ₹228.92 crore was a 57.64% year-over-year growth. WRTL expanded its market footprint and grew its sales at a CAGR of 115% between FY22 and FY25. The company has obtained orders for 2,448 MWp of engineering, procurement, and construction (EPC) work for projects and has a portfolio of 695 MWp of O&M. The company has a 3,263 MWp unexecuted order book as of FY25, which has grown over time, and an executed order book of 1,524 MWp. The order book for the EPC company is 3.2 GW, or around ₹1.2 crore, and it is anticipated to be completed within the next 12 to 15 months. Plans to pursue a pipeline with a capacity of about 30 GW in the upcoming years. The company has developed 54.82 MWp solar power generating assets under IPP assets. establishing a 41.6 MWp Independent Power Producer Plant as well. Additionally, under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0, the company received an order from Renewable Energy Generation Company for the design and EPC of 94 MW AC solar PV plants across several locations. The project is worth ₹114.22 crore in total. Adani Green Energy Ltd - Current price: ₹ 1,020 On the financials, operating revenue increased by 22% to ₹11,212 crore and EBITDA rose by 22% to ₹8,818 crore. PAT increased from ₹1,260 crore in FY24 to ₹2,001 crore, a 59% increase. Of the 33 gigawatts of projects the company has planned, 25% are merchant and C&I projects, and the capacities are CFDs. The remaining capacity will be negotiated with the appropriate DISCOMs and other parties. It has the largest RE portfolio in India, with 14.2 GW, and added 3.3 GW of renewable energy capacity in FY25, the most by any RE company in the country. Signed a 25-year PPA to deliver 5 GW of solar power with the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Got $444 million in financing and finished forming a joint venture (JV) with TotalEnergies for a 1,150 MW RE portfolio. Signed the first C&I contract to provide Google's data center with 61 MW of renewable energy and refinanced a $1.06 billion first construction facility with an amortizing structure that aligns closely with PPA cashflows and a 19-year tenor loan. By constructing the largest renewable energy plant in the world, a 30 GW facility at Khavda, the business hopes to increase its RE capacity from 14.2 GW to 50 GW by 2030 at a compound annual growth rate of 27%. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
30-06-2025
- Business
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 30 June
Indian equities ended higher for the fourth straight day on Friday, largely led by select heavyweights, including Reliance Industries, ICICI Bank, and Bharti Airtel. Nifty gained 86.35 points, or 0.34%, to finish the session at 25,638, while the Sensex rose 303 points, or 0.36%, to settle at 84,058. Here are two stocks to trade from the renewable energy sector, as recommended by Trade Brains Portal for 30 June: Waaree Renewable Technologies Ltd - Current price: ₹ 985 The company's FY2025 revenue of ₹1,597.75 crore was a remarkable 82.29% increase over FY2024 revenue of ₹876.5 crore. Compared to FY24's EBITDA of ₹207.18 crore, FY2025's EBITDA of ₹310.90 crore was a 50.06% year-over-year increase. Compared to FY2024's PAT of ₹145.22 crore, FY2025's PAT of ₹228.92 crore was a 57.64% year-over-year growth. WRTL expanded its market footprint and grew its sales at a CAGR of 115% between FY22 and FY25. The company has obtained orders for 2,448 MWp of engineering, procurement, and construction (EPC) work for projects and has a portfolio of 695 MWp of O&M. The company has a 3,263 MWp unexecuted order book as of FY25, which has grown over time, and an executed order book of 1,524 MWp. The order book for the EPC company is 3.2 GW, or around ₹1.2 crore, and it is anticipated to be completed within the next 12 to 15 months. Plans to pursue a pipeline with a capacity of about 30 GW in the upcoming years. The company has developed 54.82 MWp solar power generating assets under IPP assets. establishing a 41.6 MWp Independent Power Producer Plant as well. Additionally, under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0, the company received an order from Renewable Energy Generation Company for the design and EPC of 94 MW AC solar PV plants across several locations. The project is worth ₹114.22 crore in total. Adani Green Energy Ltd - Current price: ₹ 1,020 On the financials, operating revenue increased by 22% to ₹11,212 crore and EBITDA rose by 22% to ₹8,818 crore. PAT increased from ₹1,260 crore in FY24 to ₹2,001 crore, a 59% increase. Of the 33 gigawatts of projects the company has planned, 25% are merchant and C&I projects, and the capacities are CFDs. The remaining capacity will be negotiated with the appropriate DISCOMs and other parties. It has the largest RE portfolio in India, with 14.2 GW, and added 3.3 GW of renewable energy capacity in FY25, the most by any RE company in the country. Signed a 25-year PPA to deliver 5 GW of solar power with the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Got $444 million in financing and finished forming a joint venture (JV) with TotalEnergies for a 1,150 MW RE portfolio. Signed the first C&I contract to provide Google's data center with 61 MW of renewable energy and refinanced a $1.06 billion first construction facility with an amortizing structure that aligns closely with PPA cashflows and a 19-year tenor loan. By constructing the largest renewable energy plant in the world, a 30 GW facility at Khavda, the business hopes to increase its RE capacity from 14.2 GW to 50 GW by 2030 at a compound annual growth rate of 27%. Market Recap Friday saw a solid start for the Nifty 50, which continued its surge for the third straight day. It opened at 25,577, up 28 points from the previous day's closing price of 25,549. The index concluded Friday at 25,638 after rising 89 points, or 0.35%, to a day-high of 25,654. The Nifty finished above all four of the 20/50/100/200-day EMAs on the daily chart, and the RSI was at 67.72, approaching the overbought zone of 70. With an RSI of 66.9, the Sensex ended the day at 84,059, up 303 points, or 0.36%, in line with this pattern. The reduction of Middle East tensions between Iran and Israel was the primary driver of the market increase. Additionally, the dollar index fell to a three-year low of 97 on Thursday, suggesting that there may be a chance for additional foreign capital to enter the Indian market. Additionally, the market is experiencing a rise due to strong demand from DIIs. On Friday, the majority of indices were up. The Nifty Oil & Gas index resumed its upward trend for the second straight session, closing at 11,835, up 139 points or 1.2%. Adani Total Gas, which surged 5.7%, Mahanagar Gas, and Hindustan Petroleum Corporation Ltd., which jumped approximately 4.5%, as well as other stocks like Gujarat State Petronet and Indraprastha Gas, which increased by up to 3%, all contributed to the index's increase. The positive trend was also followed by the Nifty Energy index, which ended the day at 36,543, up 363.5, or 1%. The index rose as a result of gains of up to 6% in stocks of Adani Total Gas, Mahanagar Gas, HPCL, Suzlon Energy, and Reliance Power. Also, the Nifty Smallcap 100 index climbed up to 0.9%, or 171 points, closing at 18,977, with stocks like Himadri Speciality Chemical Ltd. rising about 12.5%, Narayana Hrudayalaya Ltd. up 9.2%, and Redington Ltd., IDBI Bank Ltd., and Godfrey Philips India Ltd. up 8.5%. The Nifty Realty Index closed at 993.95 points after dropping -15.60 points, or -1.6%. Heavyweights like Phoenix Mills, Oberoi Realty, Prestige Estates, and Anant Raj saw their stock drop up to 3.5%, which caused the index to fall. Asian markets traded on a mixed note on Friday as investors assessed China's May industrial data. The National Bureau of Statistics reports that during the first five months of the year, the nation's industrial profits fell 9.1% year over year. Hong Kong's Hang Seng closed in red at 24,284.15 after falling -0.17%, or -41.25 points. The Kospi of South Korea closed at 3,055.94, down -0.77% or -23.62 points. The Nikkei 225 in Japan rose 566.21 points, or 1.43%, to close at 40,150.79. Shanghai's Composite Index closed the day lower at 3,424.23, down -24.23 points, or -0.7%, while the Shenzhen Index increased 35.07 points, or 0.34%, to 10,378.55. Since October of last year, when industrial profits fell by 10%, that was the biggest monthly loss. One important indicator of the financial stability of Chinese companies, mines, and utilities is industrial profitability. The week started slowly but picked up steam as tensions between Israel and Iran decreased after a ceasefire deal. On Thursday, the dollar index fell to a three-year low of 97, indicating more opportunities for foreign investment in India. Additionally, optimism about possible trade agreements between the US and India that would allay worries about tariffs improved investor mood. This week, the Nifty 50 hit a weekly high of 25,650 after surpassing the crucial 25,500 threshold. The Bank Nifty reached a record high of 57,475 during the week, while the BSE Sensex crossed the 84,000 mark and peaked at 84,089. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
16-05-2025
- Business
- Time of India
Waaree Renewable secures ₹114.22 crore order for 94 MW solar projects in Maharashtra
New Delhi: Waaree Renewable Technologies Limited (WRTL) has secured a Letter of Award (LOA) valued at ₹114.22 crore for engineering, procurement and construction (EPC) of 94 MW AC solar photovoltaic (PV) plants across multiple locations in Maharashtra under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0, the company said. The contract was awarded by a renewable energy generation company following a competitive bidding process. The project will be executed as part of the MSKVY 2.0 initiative launched by the Government of Maharashtra to provide daytime electricity to farmers through decentralized solar power generation. India's total installed solar capacity has crossed 97 GW as of 2024, with a target to reach 280 GW by 2030, driven by central and state-level policies and increasing private sector participation. Sunil Rathi, Executive Director, Waaree Renewable Technologies Limited, said, 'This Letter of Award is more than just a project win—it's a reaffirmation of the trust our partners place in us. At WRTL, we don't just build solar plants—we deliver certainty, speed, and scale. Whether it's a multi-megawatt utility project or a smaller distributed installation, we approach every assignment with the same precision, passion, and professionalism. Our ability to execute projects of any size with consistency and excellence is what sets us apart—and keeps our clients coming back. Through this project, we are proud to contribute meaningfully to the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0 by enabling clean, daytime electricity for farmers and supporting rural energy independence. This is how we power progress—one megawatt at a time.' WRTL said the company continues to receive repeat orders from customers across sectors and maintains a strong position in the solar EPC segment, with capabilities spanning design, procurement, construction and commissioning of solar infrastructure. The MSKVY 2.0 scheme aims to enhance rural energy access and reduce dependence on conventional energy sources through decentralised renewable power installations.
