Latest news with #OPEX
Khaleej Times
2 days ago
- Business
- Khaleej Times
NMDC LTS concludes acquisition of 70% equity stake in Emdad
NMDC LTS, a wholly owned subsidiary of the NMDC Group, has completed the acquisition of a 70 per cent stake of the share capital and voting rights in Emdad, an integrated service provider specialising in the oil and gas, utilities, and industrial sectors. The transaction was financed through debt and equity. This acquisition enables NMDC Group to expand into the OPEX segment of recurring revenues in the oilfield services, further diversifying its portfolio and strengthening its competitive advantage. In parallel, this acquisition will provide NMDC Group with a broader range of services and additional avenues for revenue growth, with Emdad's offering spanning over an array of different services, including well intervention, waste management, shutdown/ turnaround, coil tubing, valves, among other services. Emdad reported revenues in excess of Dh600 million in 2024 and its equity stood at Dh217 million. Eng. Yasser Zaghloul, CEO of NMDC Group, commented: 'We are happy to complete this landmark acquisition which marks the beginning of an exciting new chapter for both organizations. Emdad stands out as an industry leader with robust capabilities and deep sector expertise. By combining its strengths with NMDC's scale and commitment to innovation, we now have a powerful platform to unlock long-term value. With diversification at its core, this integration enhances our ability to deliver broader service offerings, create greater value, and drive sustainable growth for our clients, partners, and stakeholders across the dynamic energy landscape.' Mohammed Juma Al Bawardi, CEO of Emdad, commented: 'This milestone transaction underscores the sophistication and attractiveness of the UAE's energy sector as well as the trust that NMDC has in Emdad's position as a leading service provider in the market. We are confident that through this compelling partnership, where we are now plugged into the wider NMDC platform, we will be able to chart an exciting new journey of growth. Ultimately, this collaboration will unlock deeper value for our customers and help us to achieve our shared goals for sustainable success.' The update is another further step in NMDC's strategy to drive value creation, strengthen its regional presence, and support revenue growth. It marks a leap in NMDC Group's broader expansion and diversification goals, paving the way for future innovation and leadership in the energy sector.
Zawya
3 days ago
- Business
- Zawya
NMDC LTS concludes acquisition of 70% equity stake in 'Emdad'
ABU DHABI - NMDC Group announced that NMDC LTS, a wholly owned subsidiary of the Group, completed the acquisition of a 70 percent stake of the share capital and voting rights in Emdad, an integrated service provider specialising in the oil and gas, utilities, and industrial sectors. The transaction was financed through debt and equity. This strategic acquisition enables NMDC Group to expand into the OPEX segment of recurring revenues in the oilfield services, further diversifying its portfolio and strengthening its competitive advantage. In parallel, this acquisition will provide NMDC Group with a broader range of services and additional avenues for revenue growth, with Emdad's offering spanning over an array of different services, including well intervention, waste management, shutdown/ turnaround, coil tubing, valves, among other services. Emdad reported revenues in excess of AED600 million in 2024 and its equity stood at AED217 million. Eng. Yasser Zaghloul, CEO of NMDC Group, commented, "We are happy to complete this landmark acquisition which marks the beginning of an exciting new chapter for both organisations. Emdad stands out as an industry leader with robust capabilities and deep sector expertise. By combining its strengths with NMDC's scale and commitment to innovation, we now have a powerful platform to unlock long-term value. "With diversification at its core, this integration enhances our ability to deliver broader service offerings, create greater value, and drive sustainable growth for our clients, partners, and stakeholders across the dynamic energy landscape.' Mohammed Juma Al Bawardi, CEO of Emdad, said, 'This milestone transaction underscores the sophistication and attractiveness of the UAE's energy sector as well as the trust that NMDC has in Emdad's position as a leading service provider in the market. "We are confident that through this compelling partnership, where we are now plugged into the wider NMDC platform, we will be able to chart an exciting new journey of growth. Ultimately, this collaboration will unlock deeper value for our customers and help us to achieve our shared goals for sustainable success.' The update is another further step in NMDC's strategy to drive value creation, strengthen its regional presence, and support revenue growth. It marks a leap in NMDC Group's broader expansion and diversification goals, paving the way for future innovation and leadership in the energy sector.
The Hindu
6 days ago
- Business
- The Hindu
TGSRTC withdraws order for 40 electric buses issued to Megha entity
The Telangana State Road Transport Corporation (TGSRTC) has withdrawn an order for 40 electric buses issued to MEIL subsidiary, EVEY Trans. The 40 electric buses were part of the order for 50 such for inter-city operations the State Transport Corporation had placed with EVEY in April 2023. The TGSRTC has reduced the order to 10 buses which have already been delivered. In respect of the balance 40, the order has been withdrawn, another MEIL entity Olectra Greentech informed stock exchanges on Saturday. As per the tender conditions, EVEY was executing the contract with TGSRTC through a special purpose vehicle company EVEY Trans in which electric bus maker Olectra had 26% stake and EVEY the remaining 74%. Under the contractual terms, the buses were required to be procured from Olectra and who additionally was responsible for their maintenance. The order for supply of 50 electric buses was to be on gross cost contract (GCC) / OPEX model basis for the contract period of 10 years. Olectra did not specify reasons for which the order for the remaining 40 buses was withdrawn by the State Transport Corporation. The TGSRTC had in April 2023 also placed order for 500 electric buses for intra-city operations, along with the 50 buses for intercity operations, it said. Except for reduction in existing order book by 40 buses, there is no material adverse impact since it is having huge order book for electric buses, Olectra said in the filing.
Mint
14-05-2025
- Business
- Mint
Best stock picks for today, 14 May, as recommended by Trade Brains Portal
Today, we recommend two stocks, one from the cement sector and the other from the capital markets sector. We also analyse the market's performance on Tuesday to understand what may lie ahead for the stock indices in the coming days. Ambuja Cements Additionally, with a robust capacity addition of 50% over the last 30 months, while increasing revenues simultaneously, the company reduced 19% of costs through acquisitions and OPEX programs. Further, the company targets to reduce the cost from 19% to 12% by FY28. By leveraging rail, sea, and BCT/GU infrastructure strength & optimizing logistics costs, in FY25, the logistics cost decreased by 5%. Also, the company is focused on digital transformation through GPS, RFID, and real-time tracking. Further, reducing the fossil fuel (coal) rate by 12%. However, currently green power consumption stands at 21% and is targeting to consume 60% of power from green by FY28. Recently, the company commissioned 200 MW of solar and 99 MW of wind power. For FY25, sales surged 73%, and the premium cement segment saw 29% sales in Q4FY25, among the highest in the industry. The company has a 350 million user base in the infra-platform. Currently, the company has 24 integrated units, 22 grinding units, and 11 captive ships. It holds 110,000+ channel partners across India. As of FY25, the company has 65% of the clinker factor, 82% share of blended cement, 10 bulk cement terminals, and 101 ready-mix concrete plants. Read this | Shareholding moves in Q4: Million new investors flocked to these firms Central Depository Services (India) Ltd (CDSL) Why it's recommended: CDSL, a depository services company, holds the majority market share of 79% with over 15 crore active client accounts, whereas NSDL holds more than 3.9 crore active client accounts as of 31 March 2025. CDSL has positioned itself as the backbone of retail stock market participation, reinforcing its leadership in the depository ecosystem. In FY25, CDSL opened approximately 3.73 crore new demat accounts. Consolidated total income grew 32% YoY to ₹1,199 crore compared to ₹907 crore for FY25, while net profit grew by 25% to ₹526 crore from ₹420 crore. Key segment performance highlights of Q4FY25 include annual issuer income up 34% to ₹87 crore YoY, transaction charges down by 36% to ₹49 crore, IPO/CA income down by 4% to ₹25 crore, online data charges income declining to ₹37 crore, and other income growing by 21% to ₹58 crore. CDSL also won the Market Infrastructure of the Year Award for its innovative contribution to modernizing market access and infrastructure, including initiatives like eKYC, eDIS, eAGM, single sign-on, Distributed Ledger Technology (DLT), EASIEST, Electronic Consolidated Account Statement (eCAS), eMargin Pledge, and more. These solutions have enabled shareholders to vote securely, streamline KYC processes, facilitate seamless transactions with the DP, and access electronic grievance redressal. CDSL operates through four key business lines. CDSL Ventures Limited is India's first and largest KYC registration agency, with 8.93 crore records and RTA services for 2,638 companies. CDSL Insurance Repository holds over 18 lakh policies across 17.5 lakh e-Insurance Accounts, partnering with 45 insurers. CDSL Commodity Repository enables electronic commodity ownership and transfer via WDRA and IIBH IFSC, strengthening CDSL's market position and growth potential. Read this | Hero MotoCorp's earnings to remain stable but slowing sales will impact revenue Risk Factors: The company charges tariffs for DPs as well as issuers and registrar, and transfer agents (RTAs), which is their main operational income and is dependent on capital market activities. Any market volatility could challenge the revenue of the business. Furthermore, CDSL relying heavily on technology could pose cybersecurity risks like phishing, malware, ransomware, among others, which should be addressed properly to safeguard the business interests. Market recap: 13 May After a strong single-day rally yesterday, the Indian market cooled down as investors started booking profits. The Nifty 50 opened at 24,864.05 and reached an intraday low of 24,547.5, down by -377.2 points, or 1.5%, and closed at 24,578, fell by -346 points, or 1.4%. The BSE Sensex also fell by -1,387 points, or 1.7%, reaching an intraday low of 81,043, and closed at 81,148, down by -1,282 points, or 1.5%. Whereas, Nifty Smallcap 100 and Nifty Midcap 100 traded in green with gains of up to 1%, signaling heightened volatility. The sectoral indices also showed mixed signals, mirroring the volatility of the broader market. Among the sectoral gainers, Nifty PSU Bank topped with 2% gains, peaking at 6,605.6, which continued its rally since Monday after PSU banks like Union Bank of India and Canara Bank reported stronger results this quarter. Nifty Media peaked at 1,619, gaining around 29 points, or 1.8%, followed by Zee Entertainment's rally of around 5% today after an arbitral tribunal ruled in its favour, dismissing Aditya Birla Finance's claim for a loan dispute, and Nazara Tech, up by 2%, due to the post-acquisition of AFK Gaming Private Limited on 10th May. Nifty Pharma bounced back and was among the sectoral gainers with gains of 486 points, or 2.3%, surging up to 21,589, reacting positively as the executive order of Donald Trump on drug price cuts was not as bad as expected. Also read | Is L&T under-promising on FY26 guidance? In the international markets, the Dow Jones index surged (2.81% or 1,161 points) on 12th May 2025, while Dow Jones futures were trading at 42,467, down by (−26.00 points or -0.061%). This is due to a strong rally on Monday, post announcement of a reduction in reciprocal tariffs with the US & China for 90 days. The Asian markets ended on a mixed note, which is due to the strong gains the index logged in the previous session. This is a reversal, and yesterday's US and China tariff reduction deal brings relief for Asian stocks. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Private Limited, 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.
Mint
14-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 14 May
Best stock picks for today, as recommended by Trade Brains Portal Ambuja Cements Why it's recommended: Ambuja Cement is the second-largest cement company, holding a dominant 15% market share. In FY25, Ambuja surpassed 100 MTPA cement capacity, and is aiming for 118 MTPA capacity by FY26 and 140 MTPA by FY28. The company registered its highest-ever annual volume at 65.2 million tonnes, up by 10% YoY. Revenue from operations grew 6% YoY to ₹35,045 crore, and net profit rose 9% to ₹5,158 crore. Additionally, with a robust capacity addition of 50% over the last 30 months, while increasing revenues simultaneously, the company reduced 19% of costs through acquisitions and OPEX programs. Further, the company targets to reduce the cost from 19% to 12% by FY28. By leveraging rail, sea, and BCT/GU infrastructure strength & optimizing logistics costs, in FY25, the logistics cost decreased by 5%. Also, the company is focused on digital transformation through GPS, RFID, and real-time tracking. Further, reducing the fossil fuel (coal) rate by 12%. However, currently green power consumption stands at 21% and is targeting to consume 60% of power from green by FY28. Recently, the company commissioned 200 MW of solar and 99 MW of wind power. For FY25, sales surged 73%, and the premium cement segment saw 29% sales in Q4FY25, among the highest in the industry. The company has a 350 million user base in the infra-platform. Currently, the company has 24 integrated units, 22 grinding units, and 11 captive ships. It holds 110,000+ channel partners across India. As of FY25, the company has 65% of the clinker factor, 82% share of blended cement, 10 bulk cement terminals, and 101 ready-mix concrete plants. Risk factors: Ambuja is exposed to raw material costs such as limestone, coal, and gypsum, which collectively account for 33% of the total direct cost. An increase in raw material costs could squeeze the margins and profitability of the company. Read this | Shareholding moves in Q4: Million new investors flocked to these firms Central Depository Services (India) Ltd (CDSL) Why it's recommended: CDSL, a depository services company, holds the majority market share of 79% with over 15 crore active client accounts, whereas NSDL holds more than 3.9 crore active client accounts as of 31 March 2025. CDSL has positioned itself as the backbone of retail stock market participation, reinforcing its leadership in the depository ecosystem. In FY25, CDSL opened approximately 3.73 crore new demat accounts. Consolidated total income grew 32% YoY to ₹1,199 crore compared to ₹907 crore for FY25, while net profit grew by 25% to ₹526 crore from ₹420 crore. Key segment performance highlights of Q4FY25 include annual issuer income up 34% to ₹87 crore YoY, transaction charges down by 36% to ₹49 crore, IPO/CA income down by 4% to ₹25 crore, online data charges income declining to ₹37 crore, and other income growing by 21% to ₹58 crore. CDSL also won the Market Infrastructure of the Year Award for its innovative contribution to modernizing market access and infrastructure, including initiatives like eKYC, eDIS, eAGM, single sign-on, Distributed Ledger Technology (DLT), EASIEST, Electronic Consolidated Account Statement (eCAS), eMargin Pledge, and more. These solutions have enabled shareholders to vote securely, streamline KYC processes, facilitate seamless transactions with the DP, and access electronic grievance redressal. CDSL operates through four key business lines. CDSL Ventures Limited is India's first and largest KYC registration agency, with 8.93 crore records and RTA services for 2,638 companies. CDSL Insurance Repository holds over 18 lakh policies across 17.5 lakh e-Insurance Accounts, partnering with 45 insurers. CDSL Commodity Repository enables electronic commodity ownership and transfer via WDRA and IIBH IFSC, strengthening CDSL's market position and growth potential. Read this | Hero MotoCorp's earnings to remain stable but slowing sales will impact revenue Risk Factors: The company charges tariffs for DPs as well as issuers and registrar, and transfer agents (RTAs), which is their main operational income and is dependent on capital market activities. Any market volatility could challenge the revenue of the business. Furthermore, CDSL relying heavily on technology could pose cybersecurity risks like phishing, malware, ransomware, among others, which should be addressed properly to safeguard the business interests. Two stock recommendations for today by MarketSmith India Also read: Britannia's cost-cutting efforts may not matter without a volume growth rebound Top 3 stocks recommended by Ankush Bajaj Also Read: Another solid year for Coforge given strong deal pipeline? Yes, but… Three stocks to buy or sell, as recommended by Raja Venkatraman MarketSmith India: Trade name: William O'Neil India Pvt. Ltd; Sebi-registered research analyst registration number: INH000015543 Trade Brains Portal is a stock analysis platform. Trade name: Dailyraven Technologies Private Limited. Its Sebi registered research analyst registration number is INH000015729. Ankush Bajaj is a Sebi-registeushred research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. 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.
