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Business Standard
a day ago
- Business
- Business Standard
KBC Global Ltd to Establish Wholly Owned Subsidiary - Dharan Infra Solar Private Limited
PNN New Delhi [India], June 16: Nashik based KBC Global Ltd (BSE: 541161, NSE: KBCGLOBAL), a leading name in infrastructure and EPC services, has announced the incorporation of a new wholly owned subsidiary, Dharan Infra Solar Private Limited, as part of its expansion into the renewable energy sector. The Board of Directors approved the move at its meeting held on June 13, 2025. The new company will focus on solar and hybrid energy solutions, aligning with company's commitment to sustainability and green technology. Highlights: * New subsidiary, "Dharan Infra Solar Private Limited," to operate in solar power and renewable energy sector * Will undertake design, development, and execution of solar modules and hybrid energy systems 100% ownership to remain with Dharan Infra-EPC Limited * Strategic move aimed at strengthening presence in green energy and infrastructure ecosystem Dharan Infra Solar Private Limited will engage in a wide spectrum of activities including the manufacturing, design, development, improvement of renewable energy modules, cells, and accessories. This includes conducting research, trading, buying, selling, wholesaling, retailing, distributing, importing, exporting, assembling, fabricating, repairing, maintaining, altering, and operating solar power projects and hybrid systems that combine solar photovoltaic technology with other forms of renewable energy --aiming to provide end-to-end solutions for solar power projects. Management of the company said, "The formation of Dharan Infra Solar is a natural progression in our diversification journey. Renewable energy is no longer an option but a necessity. This initiative reinforces our long-term vision to contribute to a cleaner, greener future while opening new avenues for sustainable business growth." The incorporation of this new subsidiary marks a significant milestone in Dharan Infra-EPC's strategy to become a comprehensive player in the infrastructure and clean energy domain. It also comes at a time when India is accelerating its transition toward renewable energy, creating significant market opportunities. The company is rebranding from KBC Global Ltd to Dharan Infra-EPC Limited as part of a strategic shift to focus on infrastructure and EPC (Engineering, Procurement & Construction) projects and reposition its brand in the market. In February 2024, the board of directors approved to issue 1:1 bonus shares to shareholders with order book size of Rd 260 crores. KBC Global Ltd is a prominent player in India's infrastructure and construction sector with a growing portfolio in engineering, procurement, and construction (EPC) services. With a history of delivering high-quality infrastructure projects, the company is now strengthening its presence in the renewable energy segment. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Mint
26-05-2025
- Business
- Mint
JSW Steel share price: Should you Buy or Sell the stock post Q4 Results?
Stock Market Today: JSW Steel share price gained more than 2% in the intraday trades on Monday post Q4 results that were declared after the market hours on Friday: Should you Buy or Sell the stock post Q4 Results? In 4QFY25, JSW Steel reported a decent result performance, offsetting the muted steel realizations by strong volume and deflated costs. JSW Steel's reported consolidated consolidated net profit increased 13.5% year over year (YoY) to Rd 1,501 crore from ₹ 1,322 crore in the same period last year. With robust domestic demand, new capacity coming on-stream, and an increasing amount of value-added products in the mix, analysts remain positive anticipating good growth prospects fo JSW Steel. The Net profits will be supported by its emphasis on enhancing coal connections and growing the captive share of iron ore. Motilal Oswal Financial Services expect strong revenue, Ebitda or Earnings before interest tax depreciation and amortisation performance, driven by healthy volume, improving realization and muted costs. This as per MOFSL will generate more than ₹ 60,000 Crore cash flow over FY26-27, which will help JSW Steel to fund its proposed capex of ₹ 65,000 Crore during FY25-27. At current market price JSW Steel trades at 7 times FY27estimated EV by EBITDA and MOFSL largely maintain their FY26 and FY27 EBITDA estimates. They reiterate their BUY rating on the stock with Target price of ₹ 1,190 for JSW Steel share price. Elara Securities India Pvt Ltd - As per the brokerage higher steel prices, a tendency toward flat iron ore costs, and a probable sequential decline in coking coal prices of $ 10-15 per tonne might all help JSW Steel's Q1FY26 performance. The completion of ongoing expansion projects, a ramp-up in capacity, and a persistent emphasis on cost reduction are probably going to be the main long-term drivers, as per the brokerage. However, any large increase in steel prices may be constrained by the over supply of flat steel in both local and international markets, says Elara Securities. Also, the recent unfavorable ruling by the Supreme Court on JSW's resolution plan for BPSL is an overhang until more clarity emerges. Their Ebitda projections for FY26E–27 are essentially maintained and Reiterate Reduce ratings with target price at ₹ 960 for the JSW Steel share price. 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
05-05-2025
- Business
- Business Standard
City Union Bank rallies after Q4 PAT rises 13% YoY to Rs 288 cr
City Union Bank jumped 3.03% to Rs 178.80 after the private sector bank's net profit rallied 13% to Rs 288 crore on 15% jump in total income to Rs 1,784 crore in Q4 FY25 over Q4 FY24. Net interest income (NII) rose 10% to Rs 601 crore in March 2025 quarter, compared to Rs 547 crore in Q4 FY24. For Q4 FY25, NIM was at 3.60% as against 3.66% in the corresponding period last year. Profit before tax (PBT) grew 13.48% year on year (YoY) to Rs 362.96 crore in the quarter ended 31 March 2025. The bank's operating profit before provisions and contingencies jumped 25.34% to Rs 440.96 crore in March 2025 quarter, compared to Rs 351.81 crore recorded in Q4 FY24. The bank made a provision of Rs 555 crore as of 31 March 2025 as against Rd 501 crore in the corresponding period last year. On asset quality front, the gross non-performing assets (GNPA) was at Rs 1,638.16 crore as on 31 March 2025, down 11.66% as against Rs 1,854.43 crore as on 31 March 2024. The ratio of gross NPA stood at 3.09% as of 31 March 2025, compared to 3.99% as on 31 March 2024. The ratio of net NPA stood at 1.25% as of 31 March 2025, compared with 1.97% as of 31 March 2024. The banks capital adequacy as on 31 March 2025 as per Reserve Bank of India (RBI) guidelines on Basel III norms is 23.75% and Tier-1 capital adequacy was 22.70%, well above regulatory requirements. On a full year basis, the banks net profit rallied 11% to Rs 1,124 crore on 21% rise in total income to Rs 6,732 crore in FY25 over FY24. Total deposits of the bank had increased by 14% and increased to Rs 63,526 crore in FY25 from Rs 55,657 crore in corresponding period last year. CASA portion stood at 29% to total deposits. Cost of Deposits increased to 5.85% in FY25 from 5.59 % in FY24. Total advances increased by 14% for FY25 to Rs 53,066 crore from Rs 46,481 crore in FY 24. Average credit deposit ratio stood at 84%. Meanwhile, the board of directors has recommended a dividend Rs 2 per equity share for the Financial Year 2024-25. The Payment of which will be subject to approval by the shareholders cif the Bank at the ensuing Annual General Meeting. City Union Bank is an old sector private sector bank with 875 branches across 16 states and three Union territories. It is a scheduled commercial Bank regulated by the Reserve Bank of India. It is professionally managed and governed. City Union Bank has contemporary technology and infrastructure including ATMs, Net Banking, Mobile Banking, E-Wallet, and Social Media Banking for personal as well as business banking customers.
