Rounaq Bakshi notes

AI data centers to drive 11-fold rise in water consumption by 2028: Morgan Stanley Artificial Intelligence (AI) data centers are expected to significantly increase global water consumption in the coming years, according to a report by Morgan Stanley. The report said annual water use for cooling and electricity generation by AI data centres could reach around 1,068 billion litres by 2028. "AI data centers to drive annual water consumption for cooling and electricity generation to approximately 1,068 billion liters by 2028 (our base case) - an 11x increase from 2024 estimates," it stated. The report noted that while water use for cooling data centres is widely acknowledged, the indirect water use through electricity generation remains underappreciated. AI's broader water footprint also includes semiconductor manufacturing. Facilities involved in semiconductor production can consume as much as five million gallons of ultrapure water every day, highlighting the industry's...

  GHCL proposed Anti-Dumping Duty (ADD) on Soda Ash GHCL announces Q2/H1 FY26 Results - ₹300 crore share buyback to create value for our shareholders  GHCL Limited, India’s leading Chemical Company, announced its financial results for Q2/H1 FY26.  Commenting on the financial performance, Mr. R S Jalan, Managing Director, GHCL Limited said, “Q2 has truly demonstrated GHCL's resilience. We successfully navigated significant global geopolitical headwinds and trade uncertainties, capitalising on healthy domestic demand driven by India’s growing GDP and a good monsoon. Our primary challenge has been the high volume of cheap imports, putting undeniable pressure on industry-wide pricing and our topline. However, our response has been decisive and effective. Our focused cost optimisation continues to protect our healthy margins, even in this difficult pricing environment. While we expect these import headwinds to persist, we are not waiting for the market to turn and are actively...

SAMHI: Total Income for the half year was Rs. 5,836 Mn up 12.0% YoY Business Update: SAMHI accelerates growth with two landmark developments Landmark dual-branded hotel to be developed near the Navi Mumbai International Airport and DY Patil Stadium with ~400 rooms in Phase I, with the potential to expand to ~700 rooms upon full development. Proposed to be operated under Westin and Fairfield by Marriott brands (subject to execution of definitive agreements). Signed an Agreement to Lease for a ~260-room Mid-scale hotel to be developed as part of a mixed-use project in Hyderabad’s Financial District.  Key Highlights for H1FY26:  RevPAR up 10.8% YoY.  Occupancy stood at 75% for H1FY26.  Total Income for the half year was Rs. 5,836 Mn up 12.0% YoY.  EBITDA for the half year was Rs. 2,161 Mn up 16.3% Yo.  PAT stood at Rs. 1,190 Mn up 606.3% YoY.  Commenting on the performance, Mr. Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “...

  OCCL: One of the market leader in the production of Insoluble Sulphur Domestic Share of ~60% Global market share of ~10% Expansion of Capacities of Insoluble Sulphur from 3,000 MT in 2000 to 39,500 MT currently Niche Product Portfolio of Insoluble Sulphur, Sulphuric Acid & Olems offered in various grades to satisfy diverse compounding  requirements majorly for Tire industry State of the art manufacturing facilities in India at Dharuhera (Haryana) and at Mundra (Gujarat) OCCL has successfully implemented its In-house Technology which has been approved by all Customers across the globe Presence at the Port gives Location Advantage of reduced Logistic & Freight Cost ~55% of the sales constitutes Exports Sulphur available easily from oil refineries Coating Oil is procured from domestic as well as international suppliers  An increase in rate of Radialization in Commercial Vehicles in India will lead to an increase in requirement of Insoluble Sulphur Insoluble sulphur...