Rounaq Bakshi notes

OIL India Ltd.'s Annual Investors and Analysts Meet 2025 Got investment-grade ratings, which is at par with the sovereign rating of the country. The Government of India holds majority stake in the company with 56.66% shareholding. India's demand for crude oil and natural gas is projected to almost double by 2040, with gas consumption growing faster than oil To achieve 10% points reduction in import dependence, domestic output have to increase to around 90 million tons of crude oil and 11 million tons of gas by 2040.  Meeting these targets will require sharper exploration, quicker project sanctions and seamless midstream connectivity, areas in which OIL India already delivers consistently. The country's national 2P reserves are drifting lower, with oil moving from 450 to 434 million metric tons and gas from 655 to 643 BCM between FY22 and FY24.  The reserve replacement ratio has slipped to 0.5 for oil and 1 for gas, and the reserves to production life of both fuels continues...

General Insurance Corporation of India:  Transcript financial results for the quarter and year ended 31st March 2025 Domestic premium for the year FY '25 is Rs. 30,662.44 crores and the international age Rs. 10,491.51 crores.  The percentage split is domestic 75% and international 25%.  The domestic premium for the year grew by 18.8%, while international business witnessed decline of 7.8% over previous year  Obligatory business would constitute say something like 30% of book Growth in the international business?  Going forward, impetus is that look forward to the new markets where have been moved out, or because of rating downgrade in the year '20, not able to renew some of the accounts  Now trying to look into those territories where can reenter them and to bring about or to renew those accounts, or to gain those accounts which are lost.  Also looking into the accounts where have better opportunity or better control to increase line.  Want to inc...

NTPC Limited Q4 / FY25 Earnings Conference Call 24 May 2025  FY25 has truly been an eventful year for the NTPC Group On a consolidated basis, the NTPC Group's total income for FY25 rose by 5%, amounting to ₹190,862 crore compared to ₹181,166 crore in FY24.  Group PAT registered a robust growth of 12% to reach ₹23,953 crore.  This growth was significantly bolstered by a 35% rise in share of joint venture profits, which reached ₹2,214 crore.  Additionally, NTPC's subsidiaries’ profits rose by 6%, reaching ₹4,139 crore.  Dividend income also witnessed substantial growth, with ₹2,092 crore accounted for in FY25 from subsidiaries and JVs, compared to ₹1,630 crore during FY24 - truly a testament to the value creation across group entities. For FY25, the Board of Directors have recommended a final dividend of ₹3.35 per share, subject to approval by the shareholders at the upcoming Annual General Meeting.  Interim dividends totalling ₹5.00 per share have already b...

GAIL (India) Limited Annual Investor and Analyst Meet 2025 Consolidated financials:  On a yearly basis, the consolidated turnover stood at Rs. 1,41,949 crores versus Rs. 1,33,130 crores in the previous financial year, which is an increase of 7%.  The PBT in FY '25 stood at Rs. 16,096 crores versus Rs. 12,595 crores in FY '24, which is an increase of 28%.  And the PAT stood at Rs. 12,450 crores in FY '25 versus Rs. 9,899 crores in FY '24, which is an increase of 26%. Dividend payout ratio for the Financial Year '24- '25 stands at 43.59%. Now, I would like to shar Transmission remains biggest bet In transmission, guidance is 138 million, 148 million, 159 million cubic meter per day in next three years And with increased transmission volumes supported by the growth in the country, commissioning of the new pipelines, connection of the new plants with the grid, and revision in the tariffs of integrated pipelines, as well as the changes in the regulations which will a...

Transcript of NMDC Limited post Q4 & FY 2024-25 Results Growth in PAT on an annual or a year-on-year 12-month basis of around 19% and PBT after exceptional item of around 16% Gold operations in Legacy, the first year was have also stabilized Legacy in the last 2 months, 3 months.  And hopefully, in this financial year, Legacy would also be showing good profits IMPORTS India which imports around 55 million, 60 million tons is likely to go up to 150 million to 160 million tons of import for India in terms of coking coal.  Have entered into arrangement with SAIL 60% of total sales as of date is routed through SAIL because send it to their stocking yard.  So based on the user charge, they also market mmdc products 40% still Nmdc market directly in terms of HR coils 2025 year will be much more substantially action packed in terms of NMDC Open new mines within India, coal and iron ore Outside India, we hope to acquire a few mines.  This will be a year where it will be ...

  Power Grid Corp projects capex guidance of over ₹2 lakh crore by 2032 Approximately 91 percent of the projected capital expenditure will be allocated to the transmission business, with the remaining funds reserved for other ventures. This capex outlay will include investments for inter-state transmission projects,  intra-state transmission projects,  cross-border business, international operations,  smart metering infrastructure and solar power projects. The company has Rs  1.14 lakh crore of work in hand and it expects to complete projects worth Rs 60,000 crore to Rs 65,000 crore in the next 2.5 years, Tyagi said. The company announced  a capex plan of Rs 18,000 crore for FY 2024-25 and is planning to enhance the annual capex to about Rs 20,000 crores for next two financial years.  In the first quarter, the company spent capex of Rs 4,500 crore. Meanwhile, the  power transmission company is also looking to diversify into...

BEML Limited has entered into a Tripartite Memorandum of Understanding (MoU) on 26th September 2025 at Pune along with Bharat Forge Limited and Data Patterns (India) Limited, to jointly support the Advanced Medium Combat Aircraft (AMCA) programme and to participate in the Expression of Interest (EoI) floated by Aeronautical Development Agency (ADA)  BEML: Vande Bharat coaches Forty thousand normal rail car bodies will be converted to Vande Bharat standards for enhanced safety, convenience, and passenger comfort   BEML is at the forefront of meeting the burgeoning demands for Vande Bharat coaches and maintenance equipment.  The first prototype of the Vande Bharat Sleeper train set is currently in production, with rollout expected within this year.  Significant orders for these train sets are anticipated, poised to drive substantial revenue growth.  Additionally, strategically positioning to cater to the emerging needs for semi-high-speed train sets and alumi...

NLC India Limited Q4 FY’25 Institutional Investors Meet  NLCIL Group overview, have equity capital of ₹1,386.64 Crore and have net worth of ₹18,723 Crore, total asset is ₹57,851 Crore and Government of India stake is 72.20% in the Company Formed NIGEL, a wholly owned subsidiary Company for development of critical minerals in India and abroad Have Thermal Power generation capacity of 5,300 MW and Renewable of 1,431 MW, Coal mining 20 million ton and Lignite mining 30.1 million ton and critical minerals recently have considered as a preferred bidders into critical mineral blocks Have the lignite mining capacity of 30.1 million ton and integrated with coal it is 50.1 million ton as on 31st March, 2025.  First CPSU achieved 1 GW of renewable energy capacity and are paying consistently last 26 years dividend Plan up to 2030 Revenue from operations from present level of ₹13,000 Crore to take to ₹37,000 Crore by 2030 Profit after Tax from ₹1,868 Crore in 2024 to take to ₹5,294 Crore ...

IndianOil aspires to be a One Trillion Dollar giant by 2047 Indian Oil Corporation :  Leader in Marketing Infrastructure Retail Outlets 42% :  Retail Outlets 40221 LPG distributorships      51%   Aviation Fuel Stations 43%      Largest Refining Share in India 31% Largest pipeline market infra in downstream (20,000 kms)  Second largest petchem Player of the country Proposed JV with Praj Industries for Biofuels production including CBG and SA   Proposed JVs with Lanzalet &M11 for SAF  Proposed JV with with Ever Enviro Resource Management Pt. Ltd for CBG production Partnership with Sun Mobility for setting up 10,000 battery swapping stations      Renewable Energy Target of 31 GW by 2030   Leadership position and presence across hydrocarbon value chain  IOCL has presence across the hydrocarbon value chain, which includes exploration, refining, marketing, transportation (pipeline) and petrochem...