IndiGo confirms continued operational stability since December 9, 2025, consistently operating 2,100-2,200 flights and carrying over 1 million customers every 3 days. The airline flies to and from 138 operational destinations and is prepared for increased holiday season demand. IndiGo also anticipates welcoming its first Airbus A321XLR, connecting Delhi and Mumbai with Athens starting January 23, 2026.

Strong Operational Performance

IndiGo has successfully stabilized its operations after the initial challenges, and since December 9, 2025, the airline has consistently maintained a strong operational tempo. It operates between 2,100 and 2,200 flights daily and serves 1 million customers approximately every 3 days.

Holiday Season Readiness

The airline confirms that it is well-prepared to manage the anticipated increase in demand during the holiday season. IndiGo serves 138 destinations across its network, ensuring on-time performance while accommodating rising passenger numbers. Despite industry-wide disruptions due to fog, the airline has effectively managed its operations to ensure stability and minimize inconvenience.

Fleet Expansion and New Routes

Looking ahead, IndiGo is set to receive its first Airbus A321XLR aircraft. This addition will enable new medium-to-long-haul routes, enhancing connectivity for travelers in India and the subcontinent. IndiGo plans to connect Delhi and Mumbai with Athens, starting on January 23, 2026.

Future Growth

IndiGo is actively evaluating additional domestic and international destinations to expand its network further. These expansion plans align with the airline’s fleet growth strategy. The company will release more details about new destinations as plans solidify.

Source: BSE

The Shipping Corporation of India (SCI) announced the promotion of Mr. Jothi Krishnan Kandasamy to senior management, effective December 24, 2025. This appointment reflects an internal promotion within the company. Mr. Kandasamy, previously a General Manager, now assumes a more significant leadership role within SCI. This change is part of SCI’s ongoing organizational development.

Senior Leadership Update

The Shipping Corporation of India (SCI) has elevated Mr. Jothi Krishnan Kandasamy to a senior management position within the company. The effective date of this promotion is December 24, 2025. This move recognizes Mr. Kandasamy’s contributions and is part of SCI’s internal talent development strategy.

Executive Profile

Mr. K. Jothi Krishnan holds degrees in Computer Technology, MBA (Finance & Marketing), and a Post Graduate Diploma in HR. He has over 33 years of experience across various business functions, including Budget Control, Management Information Systems, IT Network Management, Software Development, Drydock Operations, International Shipping, Training & Development, and Internal Audit.

Background and Current Role

Mr. Kandasamy initially joined SCI as a Junior Officer in 1995. Prior to this promotion, he held the position of General Manager since December 2025, leading the Internal Audit Department of the Finance Division.

Source: BSE

Reliance Industries has received an order from the Deputy Commissioner of State Tax, Jamnagar, imposing a penalty of ₹1.11 crore. The penalty relates to an alleged incorrect availment of input tax credit. The company intends to file an appeal against the order. The financial impact is limited to the penalty amount, with no anticipated impact on operations.

Penalty for Input Tax Credit

Reliance Industries has received an order dated December 23, 2025, from the Deputy Commissioner of State Tax, Jamnagar, imposing a penalty of ₹1.11 crore. The order relates to alleged incorrect availment of input tax credit.

Response and Impact

The company intends to file an appeal against the order. According to the company’s assessment, the financial impact of the order is limited to the extent of the penalty levied, and there is no impact on operations or other activities of the Company due to the Order. The intimation of the order was received on December 23, 2025.

Source: BSE

UltraTech Cement announced the commissioning of additional cement capacity at various locations, leading to an increased production capacity of 1.8 mtpa. This includes 0.6 mtpa from Dhule, Maharashtra and 1.2 mtpa from Nathdwara, Rajasthan. Consequently, the company’s total domestic grey cement manufacturing capacity now stands at 188.66 mtpa. Including overseas capacity, UltraTech’s global capacity is now 194.06 mtpa.

Capacity Addition Details

UltraTech Cement has announced the commissioning of additional cement capacity at its various locations. This expansion contributes to an increased production capacity of 1.8 mtpa.

Location-Specific Breakdown

The capacity addition is broken down as follows:

• Dhule, Maharashtra: Grinding Unit – 0.6 mtpa
• Nathdwara, Rajasthan: Integrated Unit – 1.2 mtpa

Total Capacity Update

Following these additions, UltraTech Cement’s total domestic grey cement manufacturing capacity has reached 188.66 mtpa. With the inclusion of overseas capacity of 5.4 mtpa, the company’s overall global capacity now stands at 194.06 mtpa.

Source: BSE

SJVN has announced that its wholly-owned subsidiary, SJVN Green Energy Limited (SGEL), has achieved the Commercial Operation Date (COD) for its 1,000 MW Bikaner Solar Power Project in Rajasthan. The project marks a significant milestone in strengthening the nation’s power generation capacity. The maximum usage charges have been fixed at ₹2.57 per unit.

Bikaner Solar Project Operational

SJVN has announced the achievement of a major milestone with its 1,000 MW Bikaner Solar Power Project reaching its Commercial Operation Date (COD). The project, executed through its subsidiary SJVN Green Energy Limited (SGEL), is located in the Bikaner district of Rajasthan.

Projected Power Generation & Impact

The 1,000 MW Bikaner Solar Power Project is expected to generate 2,454.55 million units of electricity in its first year of operation. Over its operational lifespan of 25 years, it is projected to generate approximately 56,838 million units cumulatively. The maximum usage charges have been fixed at ₹2.57 per unit, contributing to the accessibility of affordable green power. This project significantly contributes to India’s renewable energy goals.

Project Details

The solar project spans 5,000 acres of land near Village Banderwala. The project was developed at a cost of ₹5,492 crore and has been executed under the Domestic Content Requirement (DCR) mode, utilizing domestically manufactured solar photovoltaic cells and modules, supporting the Make in India initiative.

Environmental Benefits

In addition to supplying clean energy, the Bikaner Solar Project is expected to result in an estimated reduction of 27,85,077 tonnes of carbon emissions.

Source: BSE

IRB Infrastructure Developers Limited has executed a letter agreement dated December 24, 2025, related to a share subscription agreement. The original agreement, disclosed on November 30, 2021, involves Bricklayers Investment Pte. Ltd. (GIC) and other members of the Promoter Group. The letter agreement includes certain waivers and releases by GIC regarding obligations of the Promoter and Promoter Group.

Letter Agreement Execution

IRB Infrastructure Developers Limited announced the execution of a letter agreement on December 24, 2025, pertaining to a share subscription agreement. This agreement modifies certain terms of the original share subscription agreement.

Parties Involved

The parties involved in this letter agreement are:

Mr. Virendra D. Mhaiskar, IRB Holding Private Limited, Mrs. Deepali Mhaiskar and Virendra D. Mhaiskar HUF are collectively referred to as the “Promoter Group”.

Details of Amendment

The letter agreement involves a waiver and release by GIC of certain obligations of the Promoter and the Promoter Group under the share subscription agreement. The original agreement’s disclosure date was November 30, 2021.

Source: BSE

Pfizer has received a GST demand order totaling ₹1.27 crore, including penalties, following a GST audit for the financial year 2021-22 in Uttar Pradesh. The company contests the demand and is preparing an appeal. Pfizer believes the order will not materially impact its financials or operations.

GST Audit Result

Pfizer has received an order dated December 23, 2025, following a Goods and Services Tax (GST) audit conducted for Uttar Pradesh for the financial year 2021-22.

Demand Details

The order specifies a tax demand of ₹1,15,33,764 and a penalty of ₹11,53,377, bringing the total demand to ₹1,26,87,141, plus applicable interest.

Company Response

Pfizer is disputing the demand and plans to appeal the order, believing it is not maintainable. The company has stated that the order does not have a material impact on its financials or operations.

Basis of Demand

The GST demand arises from a denial of Input Tax Credit claimed by the company during the financial year 2021-22, allegedly due to insufficient details provided.

Source: BSE

Grasim Industries has received a demand for stamp duty payment related to a Business Transfer Agreement (BTA) dating back to May 7, 2002. The demand, issued by the Hon’ble Court of Revenue, Madhya Pradesh, Gwalior, is for ₹64,39,200 (excluding interest) and concerns the valuation of factory structures. The order was received by the Company’s Advocate on December 23, 2025.

Stamp Duty Demand Overview

Grasim Industries has been issued a demand for stamp duty by the Hon’ble Court of Revenue, Madhya Pradesh, Gwalior. The order, dated December 19, 2025, and received on December 23, 2025, relates to a Business Transfer Agreement (BTA) from May 7, 2002. The demand is for the payment of stamp duty concerning the valuation of factory structures.

Details of the Demand

The stamp duty demanded amounts to ₹64,39,200 (excluding interest) on the Business Transfer Agreement (BTA). The issue concerns an alleged short payment of stamp duty on the execution of the BTA for the transfer of a factory and residential colony. The grounds for the demand relate to the undervaluation of factory structures and non-inclusion of the value of trees for stamp duty purposes, according to the Indian Stamp Act, 1899.

Impact Assessment

Grasim Industries has stated that the stamp duty demand is not expected to have a material impact on the financials, operations, or other activities of the company. This assessment is based on the company’s initial evaluation of the order. The company is reviewing its options concerning the demand.

Source: BSE