Latest news with #STPs
Mint
7 days ago
- Business
- Mint
Liquid Funds: A Smart Choice for Short-Term Savings
If you are looking for an avenue to park your funds for a short period of time, usually less than a year – for an upcoming expense, or to build an emergency fund, or to simply hold cash before a larger investment – liquid funds can be a practical option. While savings accounts remain a default choice for many, there is a growing recognition of the gains of liquid funds, a category of mutual funds, that aim to provide reasonable returns while keeping risk relatively low and offering easy access to your money. AMFI data consistently shows liquid funds as a significant category within the mutual fund landscape – they witnessed an inflow of over ₹ 40,000 crore in May 2025. This signals a rising shift among investors towards optimising short-term surpluses. Liquid funds are designed for those who need a temporary home for their money, often for periods less than a year. They offer several advantages such as flexibility in capital management and high liquidity. Unlike some other investment options, many liquid funds do not charge a penalty if you take your money out after holding it for a few days, a crucial differentiator from other fixed income products. This serves as a critical advantage for those managing unpredictable cash flows. It's important to remember that liquid funds are not designed for wealth creation—they serve a specific purpose of short-term cash management by prioritizing capital protection and liquidity. However, they can also play a strategic part in long-term financial planning through Systematic Transfer Plans (STPs). Liquid funds can be used for seamless transfer to other investment options within the same fund house via STPs, eliminating the need for manual transfers, streamlining the process of deploying idle cash into potentially higher-growth investments while maintaining flexibility. A core part of the investment strategy for these funds is that they aim to invest in very short-term money markets and debt instruments with a maturity of up to 91 days only. Even for securities that have features like put and call options (which allow early repayment), the time remaining until they mature should not be more than 91 days. These funds generally do not invest in foreign securities or engage in activities like securities lending and borrowing, which helps maintain their relatively low risk profile. Among the various liquid fund options available, the Parag Parikh Liquid Fund (PPLF) stands out as an example that offers a compelling mix of capital protection, liquidity, and convenience — making it a strong alternative to traditional savings or current accounts. Its primary objective is capital preservation and liquidity while aiming to deliver reasonable market-related returns. PPLF is presented as a credible alternative to traditional investment options like savings or current accounts for deploying money for short durations, offering a highly liquid option for investors. One feature worth noting is its Insta Redemption facility, which allows investors to withdraw up to ₹ 50,000 or 90% of their holdings (whichever is lower) in a matter of mere minutes. The redeemed amount is credited directly in your bank account through IMPS on the same day, typically within 30 minutes. This could be useful for investors who prioritize quick access to funds. For streamlined cash management, investors also benefit from access to the dedicated PPFAS CashFlex App, designed for quick and secure investments and redemptions in liquid and arbitrage funds. In terms of performance, over the past year PPLF has delivered returns of around 6.9%, which, while not guaranteed to continue, has outpaced the average savings account interest of 3-4% as well as the FY25 inflation rate of 4.6%. Additionally, PPLF levies no exit load after six days, providing flexibility for withdrawals. Investors in PPLF can use its proceeds to systematically transfer or switch into other schemes offered by PPFAS Mutual Fund, making it convenient for those looking to manage their investments within a single fund house. As with any investment, it is important to do your due diligence and review the Scheme Information Document for full details on asset allocation, risks, and other specific features before making an investment decision. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. 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.
Indian Express
22-07-2025
- General
- Indian Express
Nearly 36% progress in construction of seven STP facilities in Mumbai
With one year left for the Brihanmumbai Municipal Corporation (BMC) to start commissioning the seven sewage treatment plants (STP) in a phased manner, the civic body's record shows that the overall average progress of all the seven facilities stand at 36%. A sewage treatment plant (STP) is a facility that scientifically purifies and recycles waste water, making it suitable for reuse or bringing down pollutant levels before discharging them into the natural water bodies. According to BMC's figures, out of the 3,850 million litres of water that Mumbai consumes daily, nearly 3,040 million litres daily (MLD) or 78% gets converted into sewage. In 2022, the BMC took up an ambitious Rs 30,000 crore project for building seven STPs in Mumbai with an overall capacity to recycle wastewater up to 2,464 million litres daily (MLD). As part of this project, the seven STPs will be set up at Worli, Dharavi, Bandra, Versova, Ghatkopar, Bhandup, Ghatkopar and Malad. While all the six facilities will include revamping of existing facilities, the plant at Dharavi is being built from scratch. Of the seven proposed plants, Worli will be the largest having a total capacity of processing 500 MLD of water, followed by 454 MLD at Malad, 418 MLD at Dharavi, 360 MLD at Bandra, 337 MLD at Ghatkopar, 215 MLD at Bhandup and 180 MLD at Versova. As per the BMC's plan, the STPs at Ghatkopar, Bhandup and Versova will become operational in 2026, while the Worli, Bandra and Dharavi facilities will become operational in 2027 and the Malad facility will be ready by 2028. Meanwhile, the BMC's figure also shows that the Bhandup facility has recorded the highest progress in construction work at 51% followed by 42% at Ghatkopar, 34% at Bandra and Worli, 33.7% at Dharavi, 32% at Versova and 28% at Malad. All the seven facilities are designed in a way that 100% (2,464 MLD) of the treated wastewater could be recycled for non-potable or tertiary usage. 'While initially we earmarked 50% of the total quantum for recycled usage. However, gradually this quantum will be expanded, and we will try to reduce the quantity of water that is being discharged to creeks and natural water bodies,' said an official. 'Multiple industrial and petroleum organisations have already approached us for buying out the tertiary treated water from the STP, for non-potable usage at their units. As the plants become operational at full capacity, we are expecting to get more offers from them. This will not only bring down the volume of water that is being discharged into natural water bodies but will also reduce dependency on the city's potable water supply for commercial usage,' the official added. The treated water from the new facility will be classified into two categories. Around 50% or 1,232 MLD of the total capacity will be classified as secondary treated water–that will be discharged into creeks and sea, while the remaining 50% will be classified as tertiary–treated water that will be recycled for non-potable usage. Once operational, these plants are expected to bring down water pollution in the natural bodies by a significant margin. The BMC's move of constructing STPs came after the National Green Tribunal (NGT) imposed a penalty of Rs 29.75 crore on the BMC for discharging untreated sewage in the city's water bodies.
Time of India
13-07-2025
- Business
- Time of India
NGT imposes cost on DJB for failing to submit compliance report on STPs
New Delhi: (NGT) has imposed a cost of Rs 25,000 on (DJB) for failing to submit a compliance report in a matter related to the sewage treatment plants (STPs) at New Kondli, Mayur Vihar Phase-3. Tired of too many ads? go ad free now The applicant alleged that the STPs emitted a foul odour and toxic gases, affecting nearby residents. NGT had earlier directed the DJB and VA Tech Wabag Ltd, which manages the Kondli STPs, to pay Rs 10 lakh as environmental compensation under the "Polluter Pays" principle. The tribunal observed that DJB is yet to deposit the compensation. In 2023, two residents wrote to NGT, raising grievances regarding the non-compliance of the STPs at New Kondli. They alleged that the STPs emitted a foul smell and released poisonous gases, creating problems for nearby residents. In an order dated July 10, 2024, NGT observed that DJB and M/s VA Tech Wabag Limited, were liable to pay the environmental compensation for violations and the environmental damage that they had caused. "The DPCC is directed to initiate appropriate proceedings for the imposition and realisation of the environmental compensation on DJB and M/s VA Tech Wabag Limited in accordance with the law and, upon realisation thereof, to utilise the amount of environmental compensation for the restoration of the environment in the area," the tribunal said and disposed of the original application. However, a miscellaneous application was filed before NGT seeking compliance with NGT's July 10, 2024, order. "DPCC complied with the aforesaid directions of the tribunal and submitted the report dated Dec 18, 2024, but DJB has not complied with the order of the tribunal, and no report by DJB has been filed till now," the bench headed by Justice Prakash Shrivastava said in an order dated July 8, which was shared on Sunday. Tired of too many ads? go ad free now The tribunal noted that the compliance report filed by the DPCC revealed that environmental compensation of Rs 10 lakh was imposed via an order dated July 10, 2024, upon DJB. "The counsel for DJB, appearing today, does not dispute that even that order is not complied with and environmental compensation has not been deposited by DJB," NGT said. NGT has granted two weeks to DJB to file the compliance report, subject to depositing the cost of Rs 25,000 with the secretary of the NGT Bar Association in one week. "The cost amount will be utilised by the NGT Bar Association for purchasing books on environment to be kept in the library of the NGT Bar Association within two months," the bench said. The matter will be next heard on Aug 8.
Mint
10-07-2025
- Business
- Mint
Enviro Infra Engineers share price jumps 6% as JV secures ₹395 crore order
Enviro Infra Engineers share price in focus: Enviro Infra Engineers, a recent entrant to the Indian stock market, saw its shares surge 5% in early trade on Thursday, July 10, hitting a six-week high of ₹ 255 apiece after the company, along with its joint venture with AltoraPro Infrastructure, secured an order worth ₹ 395 crore. The company informed the exchanges on Wednesday that it had entered into a joint venture (JV) with AltoraPro Infrastructure Pvt Ltd under the name "Enviro Infra Engineers Limited AIEPL JV." The JV has received a Letter of Intent (LOI) dated July 8, 2025, for a project involving the design, supply, installation, construction, testing, commissioning, and operation & maintenance of a Common Effluent Treatment Plant (CETP). The project, awarded by the Maharashtra Industrial Development Corporation (MIDC), is valued at ₹ 395 crore and is expected to be executed within 24 months. Enviro Infra Engineers is the lead member in the JV, and this order marks a significant addition to the company's execution pipeline. This marks the company's second major order in less than three weeks. On June 23, Enviro Infra Engineers had secured engineering, procurement, and construction (EPC) contracts for sewage treatment plants (STPs), including 15 years of operation and maintenance (O&M), from various municipal corporations in Chhattisgarh. The combined value of these projects was ₹ 306.30 crore. Meanwhile, the company recently forayed into the renewable energy sector by acquiring two key solar power projects with a combined capacity of 69 MW (AC). The company's shares made their stock market debut in November 2024, listing at ₹ 220 on the NSE, marking a 48.65% premium over the issue price of ₹ 148. The stock maintained its momentum in the following months, touching a fresh peak of ₹ 391.60. However, the stock could not sustain its upward move after hitting the all-time high. At current levels, it is trading 35% below its peak, but still 72.3% higher than its IPO price.
Mint
10-07-2025
- Business
- Mint
Enviro Infra Engineers share price jumps 6% as JV secures ₹395 crore order
Enviro Infra Engineers share price in focus: Enviro Infra Engineers, a recent entrant to the Indian stock market, saw its shares surge 5% in early trade on Thursday, July 10, hitting a six-week high of ₹ 255 apiece after the company, along with its joint venture with AltoraPro Infrastructure, secured an order worth ₹ 395 crore. The company informed the exchanges on Wednesday that it had entered into a joint venture (JV) with AltoraPro Infrastructure Pvt Ltd under the name "Enviro Infra Engineers Limited AIEPL JV." The JV has received a Letter of Intent (LOI) dated July 8, 2025, for a project involving the design, supply, installation, construction, testing, commissioning, and operation & maintenance of a Common Effluent Treatment Plant (CETP). The project, awarded by the Maharashtra Industrial Development Corporation (MIDC), is valued at ₹ 395 crore and is expected to be executed within 24 months. Enviro Infra Engineers is the lead member in the JV, and this order marks a significant addition to the company's execution pipeline. This marks the company's second major order in less than three weeks. On June 23, Enviro Infra Engineers had secured engineering, procurement, and construction (EPC) contracts for sewage treatment plants (STPs), including 15 years of operation and maintenance (O&M), from various municipal corporations in Chhattisgarh. The combined value of these projects was ₹ 306.30 crore. Meanwhile, the company recently forayed into the renewable energy sector by acquiring two key solar power projects with a combined capacity of 69 MW (AC). The company's shares made their stock market debut in November 2024, listing at ₹ 220 on the NSE, marking a 48.65% premium over the issue price of ₹ 148. The stock maintained its momentum in the following months, touching a fresh peak of ₹ 391.60. However, the stock could not sustain its upward move after hitting the all-time high. At current levels, it is trading 35% below its peak, but still 72.3% higher than its IPO price. 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 taking any investment decisions.
