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Maruti Suzuki: Crisil Upgrades ESG Rating for FY24-25

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Crisil has upgraded Maruti Suzuki’s ESG rating from 61 to 63 for fiscal year 2024-25, maintaining a ‘Strong’ category. The core ESG rating remains unchanged at 57. This upgrade reflects Crisil’s assessment based on publicly available data. Maruti Suzuki clarifies they did not engage Crisil for this rating.

ESG Rating Upgrade

Maruti Suzuki India Limited’s ESG (Environmental, Social, and Governance) rating has been upgraded by Crisil ESG Ratings & Analytics Limited for fiscal year 2024-25. The rating has moved from 61 to 63, while retaining a ‘Strong’ rating category.

Rating Details

The upgraded rating of 63 (‘Strong’ category) applies specifically to FY 2024-25. The Crisil core ESG rating for the Company remains at 57.

Independent Assessment

Maruti Suzuki emphasizes that the rating is based on publicly available information and was independently prepared by CRISIL. The company clarifies that it did not engage CRISIL for an ESG rating.

Source: BSE

Linde India: New Gas Facility Starts Commercial Production in Unnao, Lucknow

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Linde India has announced the commencement of commercial production at its new gas facility located in Unnao, Lucknow. This facility is strategically designed to improve the storage, handling, and distribution of industrial and medical gases. These gases are crucial for hospital operations and various industrial applications. The company has a long-standing presence in Uttar Pradesh, supplying essential gases to major government and private hospitals for over two decades.

New Production Facility Operational

Linde India has started commercial production at its new gas facility in Unnao, Lucknow, as announced on September 15, 2025. The facility aims to enhance the efficiency of storage and distribution of bulk industrial and medical gases in the region. The gases are critical for hospital operations and several industrial uses.

Strategic Significance

The new facility is strategically designed to enhance the storage, handling, and distribution of essential industrial and medical gases. This will strengthen Linde India’s ability to serve critical sectors, especially healthcare and manufacturing industries. The company has been supplying gases to both government and private hospitals in Uttar Pradesh for more than 20 years, indicating a strong established presence in the region.

Source: BSE

Hindustan Copper: Analyst Meet on Corporate Presentation Held September 18, 2025

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Hindustan Copper Limited held a meeting with analysts, investors, and institutional investors on September 18, 2025, to discuss the company’s corporate presentation. The presentation covered the company’s operations, financial performance, expansion plans, and future outlook. Key discussion points included copper reserves, production capacity, and strategies for growth, with the presentation document also available online.

Copper Reserves and Resources

Hindustan Copper Limited (HCL) possesses substantial copper ore reserves and resources. As of April 1, 2024, the company’s resources and reserves totaled 755.32 Million tonnes. Of the world’s total copper reserves, India holds approximately 0.2%.

Financial Highlights

Hindustan Copper’s robust financial performance in FY 24-25 includes:

  • Highest Ever PAT: ₹469 Cr
  • Highest Ever Revenue from Operations: ₹2071 Cr
  • Highest Ever PBT: ₹634 Cr
  • Highest Ever Dividend Declared: ₹141 Cr
  • Highest Ever Production from Malanjkhand Mine: 27.25 Lakh Tonne Ore

Production Capacity

The company is focused on expanding its production capacity from around 4 MTPA to 12.20 MTPA. Mine capacity expansion is projected to reach 8.24 Mt in FY 27-28, eventually expanding to 12.2 Mt by FY 30-31.

Operational Footprint

Hindustan Copper Limited’s operational footprint includes:

  • Khetri Copper Complex (KCC): Underground mine and beneficiation plant with a workforce of 491.
  • Indian Copper Complex (ICC): Underground mine and beneficiation plant with a workforce of 273.
  • Malanjkhand Copper Project (MCP): Underground mine and beneficiation plant with a workforce of 308.
  • Gujarat Copper Project (GCP): Secondary smelting & Refining with a workforce of 3.
  • Taloja Copper Project (TCP): Continuous casting wire rod plant with a workforce of 70.

Expansion Strategy

Hindustan Copper’s strategy for meeting expansion targets includes:

  • Expansion of Underground Mine at Malanjkhand Copper Project (MCP).
  • Expansion of mining capacity at Khetri Copper Complex (KCC).
  • Re-opening of Rakha mine at Indian Copper Complex (ICC).

The company anticipates that operations will commence at Kendadih by December 2025 and expects restart of mining operations at Rakha by Q4, FY 26.

Source: BSE

Coal India Limited: Tushar Kumar Appointed Executive Director (Renewables)

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Coal India Limited (CIL) has appointed Shri Tushar Kumar as Executive Director (Renewables), effective September 15, 2025. Mr. Kumar, aged about 54 years, brings extensive experience to the role and will be part of the Senior Management Personnel team. His expertise in thermal, wind, and solar power will be crucial for CIL’s renewable energy initiatives and strategic growth in the sector.

Executive Appointment

Shri Tushar Kumar has joined Coal India Limited (CIL) as Executive Director (Renewables) on September 15, 2025. This appointment positions Mr. Kumar as part of CIL’s Senior Management Personnel, signifying the importance of his role in the company’s strategic direction.

Professional Background

Mr. Kumar, approximately 54 years old, is an Electrical Engineer with post-graduation in Electrical Engineering and an MBA in Finance. He possesses over 29 years of experience in the power sector, specifically in Thermal Power, Wind Power, and Solar Power Plants. His wide-ranging experience will be crucial as CIL expands its focus on renewable energy projects.

Renewables Focus

The appointment of an Executive Director dedicated to Renewables demonstrates Coal India’s strategic shift towards sustainable energy solutions. Mr. Kumar’s expertise is expected to contribute significantly to CIL’s growth in the renewable energy sector and support its environmental sustainability goals.

Source: BSE

KIMS Hospitals: Commences Operations at New Bengaluru Hospital

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KIMS Hospitals has announced the commencement of operations at its new hospital in Mahadevapura, Bengaluru. The state-of-the-art facility is a 450-bedded, multi-specialty tertiary care hospital equipped with over 35 medical and surgical specialties, 120+ advanced ICU beds, and more than 100 dedicated OPD beds. This expansion marks KIMS Hospitals’ entry into the Bengaluru region.

Bengaluru Hospital Launch

KIMS Hospitals has formally commenced operations at its new hospital in Mahadevapura, Bengaluru. This marks a significant milestone for the company as it expands its footprint into a new region.

Facility Details

The new facility is a 450-bedded, multi-specialty tertiary care hospital, designed to provide comprehensive medical services. It features:

  • Over 35 medical and surgical specialties
  • 120+ advanced ICU beds
  • More than 100 dedicated OPD (Outpatient Department) beds

The hospital is equipped to cater to both critical and routine healthcare needs.

Strategic Significance

This expansion signifies KIMS Hospitals’ commitment to delivering high-quality healthcare services and marks its first foray into the Bengaluru region. The hospital aims to provide accessible healthcare services to the community.

Source: BSE

Piramal Enterprises: Analyst Meeting Schedule and Investor Presentation

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Piramal Enterprises Limited (PEL) has announced the schedule for an upcoming analyst and institutional investor meeting. The meeting, a Nomura Roadshow, is scheduled for September 18th – 19th, 2025, in Tokyo. The corporation has also provided an investor presentation to be discussed during this conference.

Strategic Investor Engagement

Piramal Enterprises is actively engaging with analysts and institutional investors through a scheduled meeting in Tokyo. This strategic interaction provides a platform to discuss the company’s performance, strategy, and future outlook.

Meeting Details

The analyst/institutional investor meeting is scheduled for September 18th – 19th, 2025. The meeting is a Nomura Roadshow (‘NDR’) and is intended for an investor group.

Venue: Tokyo

Note: The provided schedule is subject to change due to potential exigencies on the part of the investors or the company.

Financial Highlights

As of March 2025:

  • Consolidated AUM: ₹80,689cr
  • Growth Biz AUM: ₹73,769cr

Retail Lending Growth

  • Retail AUM: INR 69,005 Cr (up 37% YoY)
  • Mortgages AUM: INR 47,101 Cr (up 38% YoY, 68% of retail AUM)

Asset Quality

  • Consol. GNPA: 2.8%
  • Consol. NNPA: 1.9%

Key Strategies

  • Branch-led sourcing with consistent productivity.
  • Data-driven underwriting capabilities.
  • Tech-integrated “High Tech / High Touch” model.

Source: BSE

Gujarat Pipavav Port: Clarification on Recent Volume Increase

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Gujarat Pipavav Port Limited has addressed an inquiry regarding a significant increase in trading volume. The company stated that it possesses no undisclosed information or pending updates that would account for this activity. They are unaware of specific reasons for the increased volume across exchanges. This announcement is dated September 15, 2025.

Response to Volume Surge Inquiry

Gujarat Pipavav Port Limited has responded to an exchange query concerning a noticeable increase in the volume of its security trading. The company’s official statement, issued on September 15, 2025, confirms that they are currently not in possession of any non-public information that would explain this surge.

No Undisclosed Information

The company clarified that it is not withholding any updates or information which could potentially clarify the trading volume changes. The announcement reiterates the company’s commitment to transparency and adherence to standard disclosure protocols. Gujarat Pipavav Port Limited remains unaware of any specific factors driving the increased trading activity across various exchanges.

Source: BSE

Indian Energy Exchange: PPFAS Mutual Fund Increases Stake

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PPFAS Mutual Fund, along with persons acting in concert, has increased its stake in Indian Energy Exchange (IEX). The acquisition involved the purchase of additional shares, resulting in a total holding of 8,19,19,825 shares, which represents 9.19% of the company’s total share/voting capital. This transaction was completed on September 10, 2025, through open market purchases.

PPFAS Mutual Fund Increases Holding in IEX

PPFAS Mutual Fund has increased its stake in Indian Energy Exchange Limited (IEX) through open market purchases. The acquisition was completed on September 10, 2025.

Details of the Acquisition

Prior to the acquisition, PPFAS Mutual Fund held 8,09,28,741 shares, representing 9.08% of the total share/voting capital. Following the purchase of an additional 9,91,084 shares, the total holding now stands at 8,19,19,825 shares, equivalent to 9.19% of the total share/voting capital.

Impact on Share Capital

The equity share capital of IEX before and after the acquisition remains the same at Rs. 89,16,92,735, consisting of 89,16,92,735 shares with a face value of Re. 1 per share. The total diluted share/voting capital after the acquisition also remains unchanged at Rs. 89,16,92,735.

Source: BSE

[Bajaj Housing Finance]: Approves Amendment to Fair Disclosure Code

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Bajaj Housing Finance has announced the approval of an amendment to its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’. The amendment was approved by the Board of Directors on September 15, 2025. The revised code is available on the company’s website, aiming to ensure transparent and equitable dissemination of price-sensitive information.

Fair Disclosure Code Amendment

On September 15, 2025, the Board of Directors of Bajaj Housing Finance approved an amendment to its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ (the Code).

Availability of the Code

The amended Code is hosted on the company’s website for public access and transparency:

https://www.bajajhousingfinance.in/policies-and-documents

Purpose of the Amendment

The amendment aims to update and reinforce the company’s practices and procedures for ensuring fair and transparent disclosure of unpublished price-sensitive information, aligning with the company’s commitment to maintaining high standards of corporate governance.

Key Aspects of the Code

The Code encompasses several key aspects, including:

  • Ensuring prompt and uniform public disclosure of Unpublished Price Sensitive Information (UPSI).
  • Maintaining a digital database of individuals with whom UPSI is shared.
  • Principles for determining what constitutes a legitimate purpose for sharing information.
  • Processes for sharing UPSI, including confidentiality measures.

Source: BSE

Grasim Industries: LIC Discloses Substantial Acquisition of Shares

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Life Insurance Corporation of India (LIC) has disclosed a substantial acquisition of shares in Grasim Industries. The disclosure, dated September 10, 2025, reveals that LIC now holds more than 5% of the company’s shares. LIC now holds 51,035,206 shares, representing 7.499% of total equity. The acquisitions were made through market purchases.

LIC Increases Stake in Grasim

Life Insurance Corporation of India (LIC) has reported a significant acquisition of shares in Grasim Industries Limited.

Details of Shareholding

Prior to this acquisition, LIC held 64,702,813 shares, amounting to 9.507% of Grasim’s total share/voting capital. Following the acquisition, LIC now holds 51,035,206 shares, representing 7.499% of total share/voting capital.

Transaction Details

The acquisition involved the purchase of 13,667,607 shares, representing 2.008% of the total share/voting capital. These shares were acquired through open market purchases.

Capital Structure

The equity share capital/total voting capital of Grasim Industries before and after the acquisition remains constant at 136,11,61,152.00.

Source: BSE