Latest news with #SEIL
Business Upturn
12 hours ago
- Business
- Business Upturn
Siemens Energy India gets NSE & BSE approval for listing & trading its equity shares effective June 19
By Aditya Bhagchandani Published on June 18, 2025, 20:54 IST Siemens Limited has officially announced that its subsidiary, Siemens Energy India Limited (SEIL), will be listed on the stock exchanges on Thursday, June 19, 2025. The equity shares will be admitted to trading on both BSE and NSE, following approvals from the exchanges. In a filing, Siemens stated: 'SEIL has informed Siemens Limited today that SEIL has received approval from BSE Limited and the National Stock Exchange of India Limited for listing and trading of its equity shares effective 19th June, 2025.' The listing follows the Scheme of Arrangement initiated last year to demerge the energy business from Siemens Limited, a move intended to unlock shareholder value and enhance business focus. Key listing details: Listing Date: Thursday, June 19, 2025 Special Pre-open Session: 9:15 AM – 9:45 AM Regular Trading Begins: 10:00 AM Segment: 'T' Group (Trade-for-Trade) for the first 10 sessions ISIN: INE1NPP01017 Number of Shares: 35.6 crore Price Discovery: While a dummy price of ₹2,478/share was discovered on April 7, 2025, this was for indicative purposes. Fresh price discovery will occur on listing day during the pre-open session, which will determine the actual opening price for SEIL shares. This marks a significant step for Siemens' energy business in India, offering shareholders a direct avenue to invest in one of the country's key energy solutions providers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
New Indian Express
20 hours ago
- Business
- New Indian Express
APERC approves PPA, capital cost and tariff for Unit-2 of SEIL Project-1
VIJAYAWADA: The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a significant order approving the Power Purchase Agreement (PPA), and determining the capital cost and tariff for Unit-2 of Project-1 (660 MW) of SEIL Energy India Limited, located in Nelatur and Pynampuram of Nellore district. The order, dated June 17, 2025, addresses two petitions, one from APDISCOMs — APSPDCL, APEPDCL and APCPDCL — for PPA approval, and another from SEIL for capital cost and tariff determination for FY26-FY29. The 12-year PPA, effective from the approval date, was greenlit with conditions. APERC restricted power generation to concessional or zero-premium coal allocated under the Shakthi B(iii) policy, allowing DISCOMs flexibility to procure power using premium coal when needed. The obligation for DISCOMs to pay 70% of fixed costs during non-offtake periods or cover SEIL's Force Majeure costs due to political events was rejected.
News18
22-04-2025
- Politics
- News18
RSS-BJP Synergy On Full Display As Mohan Bhagwat Joins Top Union Ministers At ABVP's Grand Event
The inauguration of the new Bal Bhavan, headquarters of ABVP's SEIL programme, witnessed the presence of some of the most powerful functionaries and leaders from both RSS and BJP In an instance of a rare public convergence, RSS chief Mohan Bhagwat and a powerhouse lineup of BJP's top brass—including union ministers and party stalwarts—made a striking joint appearance on Tuesday for ABVP's grand inauguration programme for its new office in Delhi. It is now being seen as a dramatic showcase of organisational unity ahead of the Bharatiya Janata Party's high-stakes national president selection process. In what can only be described as a definitive demonstration of absolute cohesion of the Sangh Parivar's ideological and political fronts, the inauguration ceremony of the new Bal Bhavan, the headquarters of ABVP's SEIL (Student Experience in Inter-State Living) programme, witnessed the presence of some of the most powerful functionaries and leaders from both the Rashtriya Swayamsevak Sangh and the BJP. At the heart of the event stood Mohan Bhagwat, chief of the RSS, his presence setting the tone for what would unfold as a vivid testament to the seamless synergy between the Sangh and the ruling party, the BJP. As if on cue, a formidable cast from the BJP's central leadership followed—each one a key player in the governance of the country and the ideological shaping of its future. From BJP's national president JP Nadda and the party's national general secretary Vinod Tawde to seasoned party veterans like M Venkaiah Naidu and Murli Manohar Joshi, the gathering looked both like a ceremonial event and a strategic alignment in full public view. Also in attendance were union ministers Mansukh Mandaviya, Dharmendra Pradhan, Piyush Goyal, and Nitin Gadkari—a who's who of PM Modi's cabinet. Delhi's chief minister, Rekha Gupta, was also present, symbolically tying the past, present, and future of the organisation's student wing with the ideological fountainhead of the Sangh. Senior RSS functionaries, including Arun Kumar, Krishna Gopal, Ramlal, C Mukunda, and Sunil Ambekar, were also present at the programme. Even though some political experts have long commented on the invisible umbilical link between the RSS and the BJP, this event left little to speculation. Addressing the gathering at the inauguration programme, Bhagwat offered a message about organisational growth and purpose. 'We have expanded and grown now. When an organisation is small, it can function with limited resources. But, as and when it starts expanding, the need for greater clarity and structure also grows. An organisation must have a soul—it has an outward form but also an inner essence. When the situation (dasha) changes, it often risks changing the direction (disha) too. That must not happen," said Bhagwat. 'We should avoid all unnecessary pomp and show. The focus should not be on grandeur and lavishness, but on purpose. We must walk the middle path—with discipline, restraint, and a sense of responsibility. Stay away from unnecessary lavishness—let intent and integrity lead our way," he added. The RSS chief's remarks served as both a caution and a compass, urging the Vidyarthi Parishad to remain rooted in its core values even as it grows in scale and stature. First Published: April 23, 2025, 01:15 IST
Business Upturn
21-04-2025
- Business
- Business Upturn
Steel Exchange India receives Andhra Pradesh Maritime Board approval for use of SIMHADRI TMT steel rebars in port projects
Steel Exchange India Limited (SEIL) has received a significant boost after the Andhra Pradesh Maritime Board (APMB) approved the use of its flagship product, SIMHADRI TMT steel rebars, in two major Greenfield port development projects in the state. According to the company's filing with the stock exchanges, APMB has granted approval for the use of SIMHADRI TMT in the construction of the Greenfield Port at Machilipatnam in Krishna District, a project currently being executed by Megha Engineering & Infrastructures Limited. In addition, the product has also been approved for use in the construction of the Greenfield Port at Mulapeta in Srikakulam District. This second project is being handled by Vishwa Samudra Ports (JV). These approvals reflect growing recognition of SEIL's product quality and technical standards, particularly in critical infrastructure developments. As the ports sector continues to expand under India's broader infrastructure drive, such endorsements are likely to enhance SEIL's visibility and future business opportunities. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
