Latest news with #PLIScheme
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Business Standard
a day ago
- Business
- Business Standard
Tejas Networks shares gain 5% on receiving ₹123 crore under PLI scheme
Shares of Tejas Networks rose nearly 5 per cent in Friday's intraday session after the company received ₹122.96 crore from the Department of Telecommunications as the first tranche under the Production Linked Incentive (PLI) scheme. The telecom equipment and accessories maker's stock rose as much as 4.8 per cent during the day to ₹749.9 per share, the best intraday gains since May 16 per cent. The stock pared gains to trade 1.7 per cent higher at ₹727.3 apiece, compared to a 0.9 cent advance in Nifty50 as of 2:12 PM. The company's shares extended their rally for a third straight session, gaining 6 per cent over the past three trading days. The counter has fallen 38 per cent this year, compared to a 5.7 per cent advance in the benchmark Nifty50. Tejas Networks has a total market capitalisation of ₹12,837.97 crore, according to BSE data. Tejas Networks gets ₹123 crore under PLI Tejas Networks received ₹122.96 crore from the Ministry of Communications, Department of Telecommunications, under the PLI scheme for telecom and networking products. The amount, disbursed on June 4, 2025, represents the first tranche, 85 per cent of the eligible incentive, for the third quarter of the financial year 2024–25, the company said in an exchange filing on Thursday. The remaining amount will be released later as per the PLI Scheme guidelines, it added. Late last month, the compnay said that it has received an add-on Advance Purchase Order worth about ₹1,526 crore from BSNL for supply, deployment and maintenance of 4G mobile network at 18,685 sites. About Tejas Networks Tejas Networks is among the leading global providers of telecom equipment and solutions, specialising in the design, manufacturing, and sales of advanced networking products. With a strong focus on research and development, the company delivers cutting-edge technology for building end-to-end communication networks. The company's offerings span a broad spectrum, including wireless (4G/5G), optical transmission (DWDM, OTN), and packet switching (Ethernet, IP/MPLS), enabling robust infrastructure for various sectors. Catering to a diverse global customer base, Tejas Networks serves telecom service providers, utility companies, and government and defence organisations across more than 75 countries. A part of the Tata Group, the company is known for its innovation-driven approach, major intellectual property portfolio, and adherence to international standards.
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Business Standard
a day ago
- Business
- Business Standard
Boson Cell leads India's march towards sustainable energy storage solutions
Boson Cell, which claims to be the first indigenous lithium cell manufacturing company, has officially launched two new variants—high-performance, cost-effective energy cells: 18350 B-30A and 21700 B-50A. This supports the Prime Minister's clarion call towards making India an Atmanirbhar destination for multiple industries, ensuring that the country's journey towards energy self-reliance and sustainable use of renewable energy is no longer a distant reality. Boson Cell is now at the forefront of the country's rapidly evolving lithium ecosystem, which is set to redefine the way India is perceived by the global audience. With India's lithium-ion battery market projected to skyrocket to $9.56 billion by 2030, Boson Cell is expected to become a critical enabler in key industries—especially clean mobility, consumer electronics, renewable energy, and the rapidly expanding drone market. Supported by forward-looking government initiatives such as FAME II, the PLI Scheme, and the Drone Shakti programme, the demand for reliable, affordable, and locally sourced battery technology is at an all-time high. 'Boson is not just another cell manufacturer—it's a symbol of India's technological prowess in powering sustainable solutions to address the requirements of the burgeoning futuristic industry that are banking on renewable energy,' said Guru Punghavan, Chief Executive Officer, Boson Cell. 'We're not only replacing imports but building smarter, cleaner, and more scalable energy solutions that can power the future of every Indian household, enterprise, and innovation. The cells, manufactured in three variants—Economy, Advanced, and Extreme—can aid the multi-dimensional requirements of battery manufacturers as well as individuals with smaller-scale needs. Quality is at the heart of Boson's promise, with each lithium cell undergoing rigorous multi-stage testing to guarantee safety and superior performance. These cells are designed for wide compatibility, powering a diverse range of applications including electric vehicles, drones, solar energy systems, power tools, and more.' Boson Cell's expansion is timed to capitalise on India's drone sector boom, fuelled by applications in agriculture, defence, logistics, and infrastructure. The Indian drone market is expected to reach $13 billion by 2030, creating a surge in demand for lightweight, high-density, and durable lithium storage solutions. With increasing government support for local drone manufacturing and operational adoption across sectors, Boson's high-performance cells are uniquely positioned to become the backbone of this unmanned aerial revolution. Manufactured through a sustainable, eco-conscious process, each cell embodies the company's steadfast commitment to sustainability, safety, and scalability—ensuring products that are both reliable and responsible. Boson offers cells at a lower cost compared to imported alternatives. Alongside affordability, the company provides faster turnaround times, shorter lead times, and lower minimum order quantities (MOQs) for distributors, enhancing operational flexibility and supply chain efficiency. Currently, Boson's products are available across Tamil Nadu, Karnataka, Kerala, and Andhra Pradesh, distributed through electronics retailers, supermarkets, and local kirana stores. Online accessibility is ensured via partnerships with Amazon, Flipkart, and Boson's own direct-to-consumer e-commerce platform. Looking ahead, Boson Cell is targeting a pan-India presence through modern trade and organised retail channels by the end of 2025. The company also plans to deepen its engagement in strategic sectors such as drone technology, electric vehicle manufacturing, and clean energy integration. With its cutting-edge technology, commitment to local manufacturing, and industry-focused approach, Boson Cell is not only powering India today—it is shaping the country's energy future.
Business Standard
15-05-2025
- Business
- Business Standard
KRN HVAC Products receives approval for PLI incentives of Rs 141.72 cr
KRN Heat Exchanger and Refrigeration announced that in order to take the benefits of the Performance Linked Incentive (PLI) Scheme (herein referred to as PLI Scheme) for white goods (Air Conditioners and LEDs) Products, notified vide Gazette Notification No. CG-DL-E-16042021-226671 dated 16 April 2021 and PLI Scheme Guidelines issued thereunder, the Company's wholly owned subsidiary namely KRN HVAC Products Private Limited had made an application with IFCI (a government of India undertaking) and received an approval of incentives amounting to Rs 141.72 PLI Scheme is aimed at making India a global manufacturing hub for white goods (Air Conditioners and LEDs) products under "Make in India" initiative. Powered by Capital Market - Live News
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Business Standard
15-05-2025
- Business
- Business Standard
Here's why KRN Heat Exchanger shares are buzzing in trade on May 15
KRN Heat Exchanger's wholly owned subsidiary has been granted the incentive of ₹141.72 crore from the Performance Linked Incentive (PLI) Scheme for white goods. SI Reporter New Delhi KRN Heat Exchanger share price today, Thursday, May 15, 2025: Shares of KRN Heat Exchanger and Refrigeration were ruling higher on the bourses on Thursday, May 15, 2025. The company's share price zoomed 3.50 per cent to ₹820 per share on the National Stock Exchange (NSE) during the intra-day trade on Thursday. The northward movement in the company's share price is attributed to the company's announcement that its wholly owned subsidiary has been granted the incentive of ₹141.72 crore from the Performance Linked Incentive (PLI) Scheme for white goods. The PLI Scheme is aimed at making India a global manufacturing hub for white goods (Air Conditioners and LEDs) products under the "Make in India" initiative. "The company's wholly owned subsidiary, namely KRN HVAC Products Private Limited, had made an application with IFCI Limited (a Government of India undertaking) and received an approval of incentives amounting to ₹141.72 crore," said KRN Heat Exchanger in an exchange filing on the NSE. About KRN Heat Exchanger KRN Heat Exchanger and Refrigeration Limited (KRN) specialises in manufacturing fin and tube-type heat exchangers for the heat, ventilation, air conditioning, and refrigeration (HVAC&R) industry. Their products are primarily made from non-ferrous metals such as copper and aluminium. KRN customises heat exchangers in various shapes and sizes to meet customer requirements and market demand, with diameters ranging from 5 mm to 15.8 mm. The product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils, and sheet metal parts for various cooling applications. As of May 15, the company enjoys a market capitalisation of ₹5,070.11 crore on the NSE. ALSO READ | What sparked 11% rally in 3i Infotech share price on May 15? Find out here KRN Heat Exchanger share price history Shares of KRN Heat Exchanger made their D-Street debut on October 03, 2024, by listing at ₹470 per share on the BSE, and ₹480 per share on the NSE against the IPO issue price of ₹220 per share. The company's shares are currently nearly 70 per cent higher from their listing price on the NSE, and 272 per cent higher than its issue price. For the year-till-date, KRN Heat Exchanger shares have posted an advancement of 5.5 per cent. At 1:15 PM on Thursday, KRN Heat Exchanger shares were quoted trading at around ₹815.70 per share, up 2.297 per cent from its previous close of ₹792.20 per share on the NSE.
Times of Oman
28-02-2025
- Business
- Times of Oman
PLI scheme boosts India's industrial growth and exports, sets global benchmarks
New Delhi: India's Production Linked Incentive (PLI) Scheme not only benefits the domestic economy but also has positive ripple effects on the global stage, enhancing international trade, investment, and innovation. By fostering the growth of key sectors such as electronics, pharmaceuticals, and renewable energy, the PLI scheme contributes to the global supply chains, creating more efficient, competitive, and diversified markets. India's manufacturing sector is at the cusp of a revolutionary transformation supported by the strategic vision of the government to boost industrial growth, create jobs, and position the nation as a global manufacturing hub. Production Linked Incentive (PLI) Scheme is an ambitious policy launched in 2020, designed to strengthen the country's manufacturing landscape. The PLI scheme is a long-term strategy aimed at reducing dependence on imports, increasing export capacity, fostering technological innovation, and enhancing competitiveness in key industries. The Production Linked Incentive (PLI) Scheme has proven to be a powerful tool for fostering industrial growth, enhancing global competitiveness, and creating jobs within India. Given its remarkable success in transforming India's manufacturing landscape, it sets valuable lessons for countries to adopt similar schemes such as incentivizing production, driving innovation, and boosting export. This initiative is part of the government's broader vision of Atmanirbhar Bharat (Self-reliant India) and is aligned with the Make in India program, a push to encourage domestic production while ensuring global standards. Through the PLI Scheme, India is aiming to drive up industrial production, create high-quality jobs, and establish the nation as a formidable force in the global supply chain. Sectors Covered Under PLI Scheme With an outlay of ₹1.97 lakh crore (over US$24 billion), the PLI Scheme focuses on 14 strategically selected sectors that have the potential to boost India's manufacturing output and enhance its technological prowess. PLI covers a wide range of sectors, each crucial for enhancing India's manufacturing prowess and fostering economic growth. These sectors include India's Production-Linked Incentive (PLI) Scheme encompasses 14 sectors aimed at enhancing domestic manufacturing, attracting investments, and creating jobs. These sectors include automobile and auto components, advanced chemistry cell (ACC) battery storage, telecommunications and network equipment, textiles, food processing, white goods (such as air conditioners and LED lights), pharmaceuticals, medical devices, solar modules, specialty steel, electronics (including mobile phones and components), chemical and petrochemical products, drone and aviation, and high-efficiency solar PV modules. The PLI scheme is designed to promote self-reliance in key industries and foster export growth. Together, these sectors are driving India's industrial revolution, positioning the country as a global leader in manufacturing and innovation. Strategic Investments --The financial outlay for the PLI schemes is a clear indication of the government's commitment to boosting India's industrial growth. Significant allocations have been made for sectors such as mobile manufacturing, pharmaceuticals, and automotive components. The funds aim to enhance the technological capabilities of domestic manufacturers, encourage innovation, and attract both domestic and foreign investments. Mobile manufacturing, which is one of the main focus areas of the scheme, has seen a massive boost in investments. Similarly, the renewable energy sector, particularly solar PV manufacturing, is being empowered to not only meet India's energy needs but also cater to the global market. These allocations are pivotal in creating an ecosystem that fosters both domestic manufacturing and international competitiveness. Achievements and Impact- -The PLI Scheme has already made significant strides in reshaping India's manufacturing landscape, yielding impressive results in terms of investment, production, and exports. As of August 2024, total investments amounting to ₹1.46 lakh crore(US $ 17 Billion) have been realized. This has led to an incredible boost in production, with sales reaching ₹12.50 lakh crore (US $ 144 billion). Moreover, these investments have resulted in the creation of approximately 9.5 lakh jobs (0.95 Million), both directly and indirectly. Exports, too, have seen a substantial increase, surpassing ₹4 lakh crore (US $ 17 Billion), thanks to the success of industries like electronics, pharmaceuticals, and food processing. These achievements signify the effectiveness of the PLI scheme in enhancing India's global competitiveness. Largescale electronics manufacturing --One of the standout success stories of the PLI scheme has been in the electronics manufacturing sector. India has transitioned from being a net importer to a net exporter of mobile phones. Domestic mobile phone production has skyrocketed from 5.8 crore (58 million) units in 2014-15 to an estimated 33 crore (330 Million) units in 2023-24. With imports dropping significantly and exports rising to 5 crore (50 Million) units, India is now one of the leading global players in the mobile phone market. The increase in foreign direct investment (FDI) in this sector has been substantial, seeing a rise of 254%, highlighting the PLI scheme's success in boosting both local and international investment. Pharmaceuticals, Medical Devices, and Bulk Drugs- -The PLI scheme has been pivotal in bolstering India's standing as a global leader in pharmaceuticals. India is now the third-largest producer of pharmaceuticals by volume, and exports account for 50% of total production. Moreover, the scheme has helped reduce the country's reliance on imports for essential bulk drugs, including critical medications like Penicillin. In addition, the scheme has supported local manufacturing of advanced medical devices such as CT scanners and MRI machines, which were previously imported. This has not only enhanced India's self-reliance but also contributed to cost reductions and increased global competitiveness. Automotive Industry- -The automotive sector has seen remarkable growth, with the government committing over ₹25,938 crore (US$ 3 billion) under the PLI scheme. This has led to substantial investments in the production of high-tech automotive products, including electric vehicles (EVs). With 85 companies approved for incentives, this sector is expected to attract a total investment of ₹67,690 crore (US$ 8 billion), far surpassing initial targets. The automotive PLI scheme is set to strengthen India's presence in the global automotive market, especially in the electric vehicle space. Renewable Energy and Solar PV --Under the PLI scheme for solar photovoltaic (PV) modules, India has made significant strides towards its renewable energy goals. The initial phase saw an outlay of ₹4,500 crore (US$ 534 million), which established essential manufacturing capacity. In the second phase, the government is investing ₹19,500 crore (US$ 2.31 billion) to set up 65 GW of integrated solar PV manufacturing. This initiative is expected to reduce India's reliance on imported solar panels, create thousands of jobs, and help meet the nation's renewable energy targets. Telecom and Networking Products--in the telecom sector, the PLI scheme has contributed to India achieving 60% import substitution in telecom products. Global technology companies have established manufacturing units in India, making the country a key exporter of 4G and 5G telecom equipment. This progress has not only strengthened India's telecom infrastructure but also reinforced its position in the global supply chain for telecom products. Drones and Drone Components--the drone sector has seen exponential growth under the PLI scheme, with turnover increasing seven-fold. This success has largely been driven by micro, small, and medium-sized enterprises (MSMEs) and start-ups, attracting significant investments and creating thousands of jobs. India is now poised to become a global leader in drone manufacturing, with applications spanning agriculture, defense, and logistics. In conclusions, the Production Linked Incentive (PLI) Scheme has proven to be a transformative force in reshaping India's manufacturing sector. By targeting key industries such as electronics, pharmaceuticals, automobiles, renewable energy, and drones, the PLI scheme has driven substantial investments, improved production capabilities, and created millions of jobs. More importantly, it has elevated India's competitiveness on the global stage, positioning the nation as a critical player in global supply chains. The PLI scheme is a vital component of India's journey toward self-reliance under the Atmanirbhar Bharat vision. It highlights the country's commitment to innovation, technological advancements, and industrial excellence. As India continues to strengthen its industrial capabilities, the PLI scheme will remain a cornerstone of the nation's growth, helping the country secure a place as a global leader in production and exports. With sustained investment in innovation and manufacturing, the future looks bright for India's industrial sector.
