Rounaq Bakshi notes

  Zuari Industries  investment portfolio crosses 4500 cr ZIL is a publicly listed company and holding company of Saroj Kumar Poddar (son-in-law of Late KK Birla) led the Adventz Group, a diversified conglomerate of 26 companies having diversified operations across four major industry verticals- Agriculture, Engineering & Infra, Lifestyle & Real Estate and Services.  In its capacity as holding company, ZIL principally earned interest income from loans and advances extended to group companies, dividend income from the large portfolio of investments it held and income from its real estate project (Zuari Rain Forest Phase-1, Goa). Post April 30, 2022, Gobind Sugar Mill (GSM), one of the oldest sugar mills in Uttar Pradesh, with nearly 75 years of operations merged with ZIL.  ZIL broadened to add the SPE division post-merger with a cane crushing capacity of 10,000 TCD, an ethanol distillery of 125 KLPD and a cogeneration plant of 40 MW.  ZIL has also extended...

  HUDCO  1,50,000 Crore MoU with Maharashtra Housing and Urban Development Corporation Limited ( HUDCO ) has signed a Memorandum of Understanding (MoU) with Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra, on 8th April, 2025 at Mumbai.  The MoU has been entered to establish a framework for cooperation between  HUDCO  and MMRDA wherein  HUDCO  shall explore and provide funds up to Rs.1,50,000 Crore over a period of five years for development of infrastructure projects to be implemented by MMRDA in Mumbai Metropolitan Region.  Further,  HUDCO  will also extend Consultancy services and Capacity Building activities to meet the emerging requirements of MMRDA.  The MoU was signed in presence of Shri Devendra Fadnavis, Hon’ble Chief Minister, Maharashtra, Shri Eknath Shinde, Hon’ble Deputy Chief Minister, Maharashtra, Shri Sanjay Kulshrestha, Chairman & Managing Director,  HUDCO  and other dignitaries....

Chennai Petroleum Corporation : setting up a new grassroot refinery of 9 MMTPA capacity at Nagapattinam 2022:  Chennai Petroleum Corporation  (CPCL) has approved the proposal for formation of a joint venture company for implementing the 9 MMTPA refinery project at Cauvery Basin at Nagapattinam in Tamil Nadu, at an estimated cost of Rs 31,580 crore CPCL will hold 25% stake in the new refinery while Indian Oil and other seed equity investors such as  Axis Bank ,  HDFC Life  Insurance Company,  ICICI  Bank ,  ICICI   Prudential  Life Insurance Company and SBI Life Insurance will hold the rest. The board has also accorded approval for equity investment of up to Rs 2,570 crore by CPCL in the JV. The new refinery will produce petrol and  diesel  of Bharat Stage-VI specifications and polypropylene as a value added product, at a project cost of Rs 31,580 crore. Weaknesses : Vulnerable to volatility in crude oil prices and forex movemen...

  Viksit Bharat by 2047, where India aspires to become a global AI powerhouse India is rapidly building a strong AI computing and semiconductor infrastructure to support its growing digital economy. Here are the key developments: Scaling AI Compute Infrastructure:  The initial phase of the mission has already made 10,000 GPUs available, with the remaining units to be added soon. This will enable the creation of indigenous AI solutions tailored to Indian languages and contexts. Opening Access to High-Performance Computing:  India has also pioneered the launch of an open GPU marketplace, making high-performance computing accessible to startups, researchers, and students. Unlike many countries where AI infrastructure is controlled by large corporations, this initiative ensures that small players have an opportunity to innovate. Robust GPU Supply Chain:  The government has selected 10 companies to supply the GPUs, ensuring a robust and diversified supply chain. Indigenou...

 India is undergoing a remarkable transformation in Artificial Intelligence India is undergoing a remarkable transformation in Artificial Intelligence, driven by the visionary leadership of PM Modi. For the first time in India’s history, the government is actively shaping an AI ecosystem where computing power, GPUs, and research opportunities are accessible at an affordable cost. Unlike in the past, AI in India is no longer confined to a privileged few or dominated by global tech giants. Through forward-looking policies, the Modi government is empowering students, startups, and innovators with world-class AI infrastructure, fostering a truly level playing field. Initiatives such as the IndiaAI Mission and the establishment of Centres of Excellence for AI are strengthening the country’s AI ecosystem, paving the way for innovation and self-reliance in this critical sector. These efforts align with the vision of Viksit Bharat by 2047, where India aspires to become a global AI powerhou...

  Tanfac Industries commissions expanded capacity of its hydrofluoric acid plant Tanfac Industries has completed the brownfield expansion project of its hydrofluoric acid capacity from its existing unit from 45 MT to 90 MT and commissioned expanded capacity Speaking on the occasion, K. Sendhil Naathan, Managing Director of Tanfac Industries, said, We are excited to announce that we have completed the expansion project at the cost of around Rs 100 crore and commissioned the new State of the art HF plant as planned.  With this TANFAC site has become one of the largest HF plants in India.  In line with earlier communication, Co. intend to use majority of HF to manufacture high-end specialty fluoride molecules within  group companies.  This expansion will sustain growth trajectory going forward. Hydrofluoric acid  to get rid of rust and to polish or etch glass .  This chemical is also added to commercial rust removers, automotive cleaners, and water s...

  PG   Foils : Microcap Story PG   Foils  manufactures a wide range of everyday use products under the  PGF  brand, which are distributed not only within India but also in over 25 countries, including the UK, UAE, Australia, Russia, Bangladesh, Sri Lanka, Egypt, Jordan, Mexico, Oman, Nepal, Philippines, Kenya, Ghana, Nigeria, and more. Experienced promoters with an established track record in aluminium foil manufacturing business and diversified clientele  Incorporated in November 1979 by Pankaj Shah, PGFL has an established track record of more than four decades in manufacturing aluminium foils and has long-standing relationship with its key clientele in pharmaceutical and fast-moving consumer goods (FMCG) industries as well as manufacturers of packing products for dairy industry.  Pankaj Shah is assisted by Sahil Shah, Whole Time Director, who looks after product development and marketing functions.  PGFL’s clientele is well diversified wit...

 RPG Life Sciences: Pain  management, oncology,  rheumatology, cardio-vascular  treatments Strong brands in the Indian pharmaceutical industry  –The company’s domestic formulations business benefits from its strong brands,  which  continue  to  enjoy healthy market  share  in  their  respective  therapeutic  segments.  Successful execution of these plans and their impact on the company’s revenue growth and profitability are key rating monitorable factors pain  management, oncology,  rheumatology, cardio-vascular  treatments etc.   The  domestic  formulations  business  continues  to  be  its  major revenue driver with ~67% of total revenue in FY2024.  Robust  capital  structure  and  strong  debt  servicing  indicators;  financial  flexibility  as  part  of  the  RPG  Gr...

  RPG   Life Sciences eyes acquisitions amid strong growth across segments Steady  growth  in  top  line  and  improving  operating  margins  –The  company  reported  healthy  revenue  growth  of  13.5%  to Rs. 582.1crore in FY2024and by 12.1% to Rs. 510.3crore in 9M FY2025on a YoY basis, owing to healthy dema divisions, which  will  support  the operating margins going forward, while continuing its domestic and active pharmaceutical ingredients (APIs).  The  revenue  growth  can  also  be  attributed  to  healthy  sales  of  new  products.   The  company  is  expected  to  report  revenue growth of 10-15% in FY2025. This performance trend is expected to continue over the medium term, driven by new product development as well as capacity enhancements.  Further, the operating ...

Maritime  India Vision - 2030 MIV 2030 envisions an overall investment of INR 3,00,000-3,50,000 Cr across ports, shipping, and inland waterways categories MARITIME  INDIA VISION 2030 Impact of  Maritime  India Vision - 2030 MIV 2030 envisions an overall investment of INR 3,00,000-3,50,000 Cr across ports, shipping, and inland waterways categories.  This vision roadmap is estimated to help unlock INR 20,000+ Cr worth of potential annual revenue for Indian Ports.  Further, it is expected to create an additional -20,00,000+ jobs (direct and non-direct) in the Indian  maritime  sector.    India comprises a significant size  maritime  sector with 12 Major and 200+ Non-Major Ports situated along its 7500 km long coastline and a vast network of navigable waterways   The country’s  maritime  sector plays a crucial role in its overall trade and  growth , with 95% of the country’s trade volume and 65% of the trad...

Jindal Saw: India to Double Gas Pipeline Network, Spurring Steel Pipe Demand Jindal Saw: potential Focus on value-addition Global Steel Pipe Market Set for Significant Growth  The global steel pipe market is projected to grow from USD 146.87 billion in 2022 to USD 325.64 billion by 2027, achieving a CAGR of 8.24%. India to Double Gas Pipeline Network, Spurring Steel Pipe Demand India plans to invest $67 billion over the next 5-6 years to double its gas pipeline network, increasing natural gas’s share in the energy mix from 6% to 15%.  PNGRB Explores Hydrogen Transmission via Existing Gas Networks The Petroleum and Natural Gas Regulatory Board (PNGRB) is studying hydrogen transmission using current gas networks to support green hydrogen projects aimed at decarbonization.  Namami Gange Mission Drives Demand for Steel Pipes India’s Namami Gange Missions I & II, with a combined outlay of Rs. 42,500 crore, focus on river rejuvenation, including projects on the Cauvery, Kri...