Rounaq Bakshi notes

  Titagarh  Rail System  expects its defence vertical to become the third pillar driving the company's growth over the next 3-4 years.  The current focus though is on railways comprising the passenger and freight rail businesses. “We are keeping this (defence) as the reserve engine for growth. The two engines that we have --  the passenger rail side and the freight rail side are firing on full guns. The defence business will be the third engine of growth that will come post that,” said Umesh Chowdhary, the company's Vice Chairman and MD, in an interview with CNBC-TV18. Titagarh   received a  ₹ 170 crore order  to supply 250 specialised wagons to the Ministry of Defence. Execution of the contract is scheduled to start 12 months after signing the contract and the order is to be completed in 36 months. The defence vertical, he said, currently has a very small share in terms of order book as well as revenues, adding that out of  ₹ 28,000 crore or...

  Gensol  Engineering: Battery Energy Storage Gensol  remains committed to invest in its new business segments which are expected to increase multifold in the near future, contributing to overall profitability   Amongst India’s largest project developers for standalone BESS projects, with a total awarded capacity of 570MW / 1140MWh from Gujarat Urja Vikas Nigam Limited (GUVNL) which will generate a total revenue of ~₹3100 Crore over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure  Gensol Engineering Ltd. has secured an EPC contract from Renowned Public Sector Undertaking of 275MW Solar PV Project at RE Solar Park, Khavda Rann of Kutch, Gujarat, with a total bid value of approximately INR 1061.97 crores (Including GST), including three years of O&M. Ahmedabad, January 06, 2025: Gensol Engineering Limited , a prominent leader in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) service...

  Gensol  Engineering: Scorpius Trackers Inc. Launches in the USA, Targets 2,000 MW Annual Supply by 2028  A  solar tracker  performs the tracking function by moving or adjusting the angle of solar panels according to the position of the sun Founded in 2012, Scorpius Trackers has quickly established itself as a leader in the solar tracking industry, known for its proactive, end-to-end single-axis solar tracking solutions.  The company boasts globally patented technology and has installations across Japan, the Middle East, India and Africa.  The acquisition by  Gensol  Engineering Limited in 2023 has further solidified its market position, enhancing its capabilities through a history of successful collaborations on diverse solar projects worldwide   Strategic move marks Scorpius’ commitment to leverage the vast potential of the U.S. solar tracker market, which is the largest in the world and deploys trackers aggregating over 25,000 M...

  Gensol  Engineering:  Green Hydrogen economy Gensol  Engineering , a leading player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) and electric mobility solutions, in collaboration with Matrix Gas & Renewables Ltd., a fast growing green hydrogen infrastructure developer and natural gas aggregator, announced that  Gensol  and Matrix have won the project to setup India’s first Green Hydrogen Valley project in Pune.  Gensol  – Matrix will set up Green Hydrogen production plant on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years.     Supply Green Hydrogen to the specialty chemical Sector in Pune, Maharashtra on round the clock (RTC) basis to develop the Green Hydrogen economy in India   Gensol  Engineering Limited reports Q1 50% PAT growth YoY on a consolidated Basis Recently awarded ₹463 ...

  GMDC : USD 3 billion Copper Project Strategic Importance and Potential of Ambaji Copper Project  The increasing global demand for copper, driven by growth in electric vehicles, infrastructure, construction, and renewable energy, positions the Ambaji Copper Project as a highly attractive venture with promising financial returns.   The total asset value of the Ambaji Copper Project is estimated at USD 3 billion, underscoring its significant contribution to  GMDC ’s mineral portfolio.   To maximise the economic returns from Ambaji’s rich deposits,  GMDC  plans to establish a beneficiation plant to process the extracted ore into high-quality copper, lead, and zinc concentrates. This downstream integration is designed to enhance  GMDC ’s expansion beyond its traditional lignite mining operations and into more diversified mineral processing    The operationalisation of the Ambaji Copper Project is expected to generate substantial e...

  Jio Financial Services: Payments JIO PAYMENTS BANK LIMITED  JFSL increased stake to 82.17% in August 2024  1.5mn CASA customers  Expanded Business Correspondents network to 3,000; expansion to continue       JIO PAYMENT SOLUTIONS LIMITED Enabled recurring payments* on Payment Gateway (UPI & e-NACH)  Onboarding small merchants in under 10 minutes   Bank account verification solution* for online investments  Upcoming: NEFT/RTGS payment solution for B2B invoice payments, Affordability Suite - EMI on credit/ debit cards and Brand EMI   

  Bank of Maharashtra: Less than 10 PE Profitability (Half Year Ended September 30th, 2024) Net Profit increased by ₹ 818 crore to ₹ 2620 crore on Y-o-Y basis against ₹ 1,802 crore for the half year ended 30.09.2023.     Return on Assets (ROA) improved to 1.73% for the half year ended 30.09.2024 as against 1.35% for the half year ended 30.09.2023. Return on Equity (ROE) also improved to 25.68% for the half year ended 30.09.2024 against 23.31% for the half year ended 30.09.2023.   Assets & Liabilities (As on September 30th, 2024) Total Business grew by 16.90% on Y-o-Y basis to ₹ 493,793 crore. Total Deposits increased by 15.46% on Y-o-Y basis to ₹ 276,289 crore. Gross Advances grew by 18.78% on Y-o-Y basis to ₹ 217,504 crore. RAM (Retail, Agri. & MSME) Business grew by 25.96% on Y-o-Y basis. Retail advances, MSME advances, Agriculture advances has grown by 22.53%, 33.86%, & 24.96% respectively   Asset quality: (As on September 30th, 2024)...