Rounaq Bakshi notes

Jindal Saw: India to Double Gas Pipeline Network, Spurring Steel Pipe Demand JINDALSAW: Pipe Market The Global Steel Pipe Market is projected to grow from USD 146.87 billion in 2022 to USD 325.64 billion in 2027 at a CAGR of 8.24% from 2022 to 2027.  India has approved a PLI scheme for specialty steel with outlay of Rs. 6,322 Crore that is expected to spur further investments in this space India is seeking to double its gas pipeline in the coming years with GoI envisaging spends of $67 bn over the next 5-6 years.  This will take the share of natural gas to 15% to the overall energy structure of India from the present 6%.  Plans are underway to augment the gas pipeline network by ~15,500 km.  Eventually every State and province shall get connected to the national trunk pipeline.    India’s PNGRB is also studying the transmission of hydrogen utilizing existing gas networks to support the fledgling green hydrogen backed projects in steel and other sectors that...

Glenmark Life Sciences rebrands as Alivus Life Sciences;consequent to the acquisition by Nirma Limited Glenmark Life Sciences rebrands as Alivus Life Sciences Glenmark Life Sciences, a leading developer and manufacturer of select, high-value, non-commoditized, active pharmaceutical ingredients (APIs) in chronic therapeutic areas, announces its change of identity to Alivus Life Sciences, marking an exciting new chapter in its journey.  This is consequent to the acquisition by Nirma Limited, a diversified conglomerate with interest in consumer products, chemicals, and pharmaceuticals.  The change is reflective of the company’s evolving vision aimed at further strengthening its global presence and a commitment to providing innovative solutions in the API and CDMO space.  The new identity, Alivus Life Sciences, represents vitality and growth with a renewed focus.  It embodies the optimism and transformation the company is embracing as it enters the next phase of its jour...

CDMO  is the biggest theme; select companies can grow 5 times in next 10 years: Madhusudan Kela One big theme from a 10-year perspective is  CDMO . Geopolitical tensions between the US and China are pushing contract manufacturing business to India. Madhusudan Kela believes that the Contract Development & Manufacturing Organization ( CDMO ) sector could grow five-fold in the next decade.  He emphasizes the importance of flexibility and having an open mind in investment strategies, highlighting the significance of climate change and remembering influential market figures. CDMO   is Contract  Development & Manufacturing organisation. International companies are outsourcing, either contract research or some manufacturing to Indian companies.  Because of the geopolitical situation between America and China, a lot of the work which was going to very large multi-billion dollar Chinese companies, due to geopolitical reasons is shifting.  Now, where can...

  ZF Commercial Vehicle Control Systems India Limited (“ZF CVCS”): ADAS system ZFCVCS — A Leading Supplier of Technologies and Services to the Indian CV Industry Six decades of market leadership with multiple growth levers Pan India Sales & Service Network 12k retail outlets, 200+ authorized service centers; a ZF touch point every 100 km Retrofit Solutions State-of-the-art technology upgrades incl Door control system, Trailer ABS / EBS, Passive ADAS system Launch of Electronically Controlled Air Suspension (ECAS) for Ultra Low Floor Entry buses (ULE) in ICE and EV buses ECAS — Electronically Controlled Air Suspension Applicated in ICE and EV buses with Ultra low Floor Entry Advanced Driver Assistance Systems (ADAS) Driving into the future ZF Commercial Vehicle Control Systems India Ltd is Part of ZF’s new Commercial Vehicle Solutions (CVS) division and is the region’s market leader for advanced braking systems, conventional braking products, and related air assisted techno...

Hindustan Copper : crucial step towards reopening and commencement of Copper Ore Production from the Kendadih Copper Mine Execution of Kendadih Mining Lease Deed  It is informed that Kendadih Mining Lease Deed has been executed between Hindustan Copper Limited (HCL) and District Commissioner (DC), Jamshedpur on 04.10.2025 for a period of 20 years.  This deed is a crucial step towards reopening and commencement of Copper Ore Production from the Kendadih Copper Mine, which holds strategic importance for the growth of copper production in the region. Hindustan  Copper   Ltd Signs MoU with IIT (ISM),  Dhanbad for Technical Collaboration IIT-ISM, Dhanbad, being an Institute of national repute, particularly in the fields of mining of minerals and its beneficiation and Earth Sciences, will play a key role in solving the emerging geological, technical, environmental, sustainable and ore beneficiation issues for achieving the envisaged expansion programme of HCL. HCL is ...

NLC India Limited (NLCIL) is actively pursuing opportunities in the Critical Minerals and Rare Earth Elements (REE) sector, "NLCIL has signed a Memorandum of Understanding (MoU) with M/s. Khanij Bidesh India Limited (KABIL) on 10th September, 2025”  NLC India Limited (NLCIL) is actively pursuing opportunities in the Critical Minerals and Rare Earth Elements (REE) sector, both within India and internationally.  Moreover, Public Sector enterprises are encouraged by the GoI for acquiring Critical Minerals Assets, focusing on both domestic and international acquisitions, along with a distinct timeline.  NLCIL has signed a Memorandum of Understanding (MoU) with M/s. Khanij Bidesh India Limited (KABIL) on 10th September, 2025 to collaborate in the identification, acquisition, and development of critical & strategic mineral projects on a global scale. NLC  India  : Top PSU NUPPL's GTPP Unit# I (660 MW) successfully started its commercial operations, by which NLCIL ...

Akums generates ~3/4th revenue from domestic CDMO, which is 3x compared to next largest player 2x capacity of the next largest player; plan to further augment capacity in complex dosage forms 95% Domestic Revenue 272 Cr. Capex (1,280 Cr. in last 5 years) Deep and long lasting relationships with 1,400+ clients and 1,800+ suppliers 11 CDMO manufacturing facilities catering to 60+ dosage forms 970+ DCGI products approvals, 200+ first in India products, 6 granted patents, 3 R&D centers (2 DSIR approved) 350+ regulatory / client audits in FY25; EUGMP accredited facilities, 2,000+ employees in quality function Managing Directors’ Message Dear Investors It gives us immense pleasure in declaring the Q4 and full year FY25 results of your company. While your company started its journey in 2004, FY25 will remain etched in its memories as it got listed on the stock exchanges on 6th Aug’24. We once again extend our sincere gratitude to all stakeholders and remain committed to creating long term...