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NTPC Green Energy: Commercial Operation of Renewable Capacity Begins

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NTPC Green Energy Limited announces the commencement of commercial operation for a portion of its renewable energy capacity, specifically 100 MW out of a total 500 MW plant. This project, executed through IRCON Renewable Power Limited, marks a significant step in NTPC’s green energy initiatives. The commercial operation began on September 17, 2025, boosting the group’s total installed capacity to 7372.575 MW.

Renewable Energy Milestone

NTPC Green Energy Limited (NGEL) has reached a key milestone with the successful commissioning and commencement of commercial operations for a portion of its renewable energy projects. The announcement, dated September 15, 2025, highlights NGEL’s commitment to expanding its green energy portfolio.

Project Details

The newly operational capacity is 100 MW (Lot-6), which is part of a larger 500 MW plant. This project is executed through IRCON Renewable Power Limited (IRPL), a joint venture involving Ayana Renewable Power Private Limited. The commercial operation took effect on September 17, 2025.

Capacity Expansion

With the addition of this 100 MW capacity, the total installed capacity of NTPC Green Energy Limited now stands at 7372.575 MW. This increase underscores the company’s growth in the renewable energy sector. The company’s previous capacity stood at 7272.575 MW.

Source: BSE

3M India: Announces Receipt of Form 4 Under Vivad Se Vishwas Scheme

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3M India has announced the receipt of Form 4 under the Vivad Se Vishwas Scheme. The company received the form on Friday, September 12, 2025, and subsequently submitted an announcement to BSE on Sunday, September 14, 2025, after allowing for necessary verification. The core details were previously disclosed on August 22, 2025, following receipt of Form 2 on August 21, 2025.

Form 4 Receipt Under Vivad Se Vishwas

3M India has received Form 4 for FY 2006-07 under the Vivad Se Vishwas Scheme. The company completed the initial receipt and verification process within two days.

Earlier Disclosures

The announcement emphasizes that the key details pertaining to this matter have already been shared with the stock exchanges in a prior corporate announcement dated August 22, 2025. This followed the receipt of Form 2 from the Principal Commissioner of Income Tax on August 21, 2025.

Supplementary Action

The current announcement is considered a supplementary action with no changes to figures or the substance of the previous disclosure. The company has requested that this clarification be taken on record.

Source: BSE

Piramal Enterprises: Analyst Meeting Schedule & Investor Presentation

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Piramal Enterprises Limited has announced an upcoming schedule for analyst and institutional investor meetings, along with an investor presentation. The Jefferies NBFC Tour is slated for September 19, 2025, in Gurgaon. The company also stated that the date is subject to change and an investor presentation will be made available.

Investor Meeting Announcement

Piramal Enterprises Limited (PEL) has announced its schedule for an upcoming Analyst/Institutional Investor Meeting, along with an investor presentation. The details of the meeting are as follows:

  • Event: Jefferies NBFC Tour
  • Date: September 19, 2025
  • Location: Gurgaon
  • Attendees: Investor group

The company noted that the date of the meeting is subject to change based on the needs of the investors or the company. Additionally, Piramal Enterprises will make available the investor presentation for those interested.

Corporate Overview

Piramal Enterprises is a diversified NBFC with a presence in retail and wholesale lending, alternatives, and insurance. As of March 2025, the total AUM stood at ₹85,756 Cr. The company has a retail AUM with INR 69,005 Cr as of June ’25.

Financial Performance and Key Metrics

  • Consolidated AUM Growth (Mar’23 to Mar’25): 12% CAGR
  • Growth Biz AUM Growth (Mar’23 to Mar’25): 45% CAGR
  • FY25 Consolidated PAT: INR 485cr
  • FY25 Growth Biz PBT: INR 896cr
  • Credit Ratings: AA/Stable by ICRA (Mar ’25)

Retail Lending Highlights

  • Retail AUM (June ’25): INR 69,005 Cr (37% YoY growth)
  • Mortgages AUM (HL+LAP) (June ’25): INR 47,101 Cr (38% YoY; 68% of retail AUM)
  • AUM Yield (June ’25): ~13.6%
  • 90+ DPD (June ’25): 0.8%

Wholesale 2.0 Key Points

  • AUM: INR 10,425 Cr as of June’25

Key Personnel

  • Anand Piramal: Promoter, Executive Director
  • Rupen Jhaveri: Group President
  • Jairam Sridharan: CEO, Retail Lending
  • Yesh Nadkarni: CEO, Wholesale Lending
  • Kalpesh Kikani: CEO, Piramal Alternatives
  • Vikash Singhla: CFO, Piramal Finance

ESG Framework

The company focuses on identifying and monitoring ESG risks, promoting corporate governance, sustainable finance, and climate strategies, and promoting diversity and financial inclusion.

Source: BSE

Great Eastern Shipping: Sells 2005-Built Suezmax Crude Tanker ‘Jag Lok’

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Great Eastern Shipping has contracted to sell its 2005-built Suezmax crude tanker, Jag Lok, of about 158,280 dwt on September 15, 2025, to an unaffiliated third party. The vessel’s delivery to the new buyer is expected by Q3 FY26. Following this sale, the company’s fleet consists of 38 vessels.

Vessel Divestiture

Great Eastern Shipping has announced the sale of its Suezmax crude tanker, Jag Lok, built in 2005. The transaction, finalized on September 15, 2025, involves an unaffiliated third party. The tanker has a capacity of approximately 158,280 dwt. The delivery of the vessel is anticipated in Q3 FY26.

Fleet Composition

Following the sale of Jag Lok, Great Eastern Shipping’s fleet consists of 38 vessels. This includes 26 tankers (5 crude tankers, 17 product tankers, and 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, and 2 Supramax). The aggregate capacity of the fleet is 3.04 Mn dwt.

Fleet Expansion Plans

In addition to the existing fleet, the company has contracted to purchase 2 secondhand Kamsarmax dry bulk carriers and 1 Suezmax crude tanker in Q2 FY26. These vessels are expected to join the fleet by Q3 FY26.

Source: BSE

JSW Energy: Battery Energy Storage Project Update

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JSW Energy’s appeal regarding the tariff for the 500 MW / 1000 MWh Standalone Battery Energy Storage Systems Project has been denied by the Appellate Tribunal for Electricity (APTEL). The company is now evaluating further remedies, including a potential appeal to the Hon’ble Supreme Court. The project was allocated to JSW Renew Energy Five Limited, a step-down subsidiary, by Solar Energy Corporation of India Limited (SECI).

APTEL Decision on Battery Storage Tariff

The Appellate Tribunal for Electricity (APTEL) has denied JSWREL’s appeal regarding the Central Electricity Regulatory Commission’s (CERC) order on the proposed tariff for the 500 MW / 1000 MWh Standalone Battery Energy Storage Systems Project. The order was issued on September 12, 2025.

Project Background

The project, intended for Solar Energy Corporation of India Limited (“SECI”), was allocated to JSW Renew Energy Five Limited (“JSWREL”). The original CERC order, dated January 2, 2025, did not adopt the proposed tariff. The initial disclosure about this was made on January 3, 2025.

Next Steps for JSW Energy

JSW Energy is currently evaluating further legal options, including the possibility of appealing the APTEL decision to the Hon’ble Supreme Court.

Source: BSE

IndusInd Bank: Launches Rupay Credit Card for E-Commerce Rewards

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IndusInd Bank has introduced a new Rupay credit card designed for e-commerce, offering rewards across various online platforms. The card provides 5% value on online spending and 1% on offline transactions, with redemption options including flights, hotels, and 500+ merchants. It aims to provide a seamless and rewarding experience for digital natives. This was announced on September 15, 2025.

E-Commerce Focused Credit Card

IndusInd Bank has launched a new Rupay credit card program, featuring rewards for e-commerce transactions. The card is designed to cater to digitally savvy customers who frequently shop online. The first card introduced under this program is the CRED IndusInd Bank Rupay credit card, as announced on September 15, 2025.

Key Features and Benefits

The CRED IndusInd Bank Rupay Credit Card comes with several benefits designed to enhance the online shopping experience:

  • Earn 5% value online on all online shopping across merchants.
  • Earn rewards offline at 1% on offline merchants and through UPI on CRED Scan and Pay.
  • Redeem points across the CRED ecosystem, including over 500 CRED Pay merchants, 2,000+ products on CRED store, and flights and hotels.
  • Effortless automatic points application across the ecosystem.
  • Easy onboarding with zero joining fees and a 2-minute application process.

Statements from Leadership

Kunal Shah, founder of CRED, stated that the new credit card program turns every online spend into an act of self-expression, with rewards that follow taste, not terms. Instant redemption upgrades every transaction, merging product, platform, and privilege into a seamless lifestyle extension.

Mr. Soumitra Sen, Country Head – Consumer Banking & Marketing, IndusInd Bank, mentioned that the partnership with CRED is a natural fit, sharing a DNA of innovation, exclusivity, and premium experiences. The co-brand aims to capture the fast-growing e-commerce and affluent spend segment.

Source: BSE

Crompton: Board Approves Leadership Changes and Committee Reconstitution

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Crompton has announced that Mr. Sundaram Damodarannair’s tenure as Non-Executive, Independent Director will conclude on September 17, 2025. The board has approved his appointment as an Additional, Non-Executive, Non-Independent Director and Chairman, effective September 18, 2025. This has led to a reconstitution of various board committees to accommodate the change.

Board Leadership Transition

Mr. Sundaram Damodarannair’s second term as Non-Executive, Independent Director and Chairman of the Board will conclude on September 17, 2025. He was first appointed on August 26, 2015. Following this, the Board approved his appointment as an Additional, Non-Executive Non-Independent Director, effective September 18, 2025, until he reaches 75 years of age, i.e., until April 15, 2028, pending shareholder approval.

Reconstitution of Board Committees

Due to Mr. Damodarannair’s new role, several Board committees have been reconstituted, effective September 18, 2025. The changes are as follows:

Audit Committee:

Mr. Sanjiv Kakkar remains Chairperson, with Mr. P R Ramesh and Mr. Sundaram Damodarannair as members.

Nomination & Remuneration Committee:

Ms. Smita Anand remains Chairperson, with Mr. Sundaram Damodarannair and Mr. Anil Chaudhry as members.

Stakeholders’ Relationship Committee:

Mr. Sundaram Damodarannair is now the Chairperson, with Ms. Hiroo Mirchandani, Mr. Shantanu Khosla, and Mr. Promeet Ghosh as members.

Corporate Social Responsibility Committee:

Mr. Shantanu Khosla remains Chairperson, with Ms. Smita Anand, Mr. Sundaram Damodarannair, and Mr. Promeet Ghosh as members.

Risk Management Committee:

Mr. P R Ramesh remains Chairperson, with Mr. Anil Chaudhry and Mr. Sundaram Damodarannair as members.

Postal Ballot Notice

A Postal Ballot Notice seeking member consent for the appointment of Mr. Sundaram Damodarannair as Non-Executive Non-Independent Director has been approved. Details will be communicated to members and stock exchanges.

Board Diversity Policy Approval

The Board has approved a Board Diversity Policy to enhance corporate governance, improve decision-making, and ensure better stakeholder representation.

Source: BSE

Crompton: Sundaram Damodarannair Appointed as Chairman and Additional Director

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Crompton Greaves Consumer Electricals Limited announced the appointment of Mr. Sundaram Damodarannair as an Additional, Non-Executive Non-Independent Director and as the Chairman of the Board, effective September 18, 2025. This follows the completion of his tenure as an Independent Director. The company also approved the reconstitution of its Board committees and seeks member approval for the appointment.

Leadership Transition

Mr. Sundaram Damodarannair will assume the role of Chairman, succeeding his previous position as an Independent Director, with his second term concluding on September 17, 2025. He has been re-appointed as an Additional, Non-Executive Non-Independent Director effective September 18, 2025, until he reaches 75 years of age, specifically until April 15, 2028, subject to shareholder approval.

Board Committee Reconstitution

The company has approved the following changes to its committees, effective September 18, 2025:

Audit Committee

  • Mr. Sanjiv Kakkar: Chairperson
  • Mr. P R Ramesh: Member
  • Mr. Sundaram Damodarannair: Member

Nomination & Remuneration Committee

  • Ms. Smita Anand: Chairperson
  • Mr. Sundaram Damodarannair: Member
  • Mr. Anil Chaudhry: Member

Stakeholders’ Relationship Committee

  • Mr. Sundaram Damodarannair: Chairperson
  • Ms. Hiroo Mirchandani: Member
  • Mr. Shantanu Khosla: Member
  • Mr. Promeet Ghosh: Member

Corporate Social Responsibility Committee

  • Mr. Shantanu Khosla: Chairperson
  • Ms. Smita Anand: Member
  • Mr. Sundaram Damodarannair: Member
  • Mr. Promeet Ghosh: Member

Risk Management Committee

  • Mr. P R Ramesh: Chairperson
  • Mr. Anil Chaudhry: Member
  • Mr. Sundaram Damodarannair: Member

Postal Ballot for Appointment

The Board has authorized a Postal Ballot to seek shareholder approval for Mr. Sundaram Damodarannair’s appointment as Non-Executive Non-Independent Director.

Board Diversity Policy

The Board has also approved a Board Diversity Policy, aimed at strengthening corporate governance and decision-making.

Source: BSE

Wipro: Partners with CrowdStrike to Deliver AI-Powered Unified Security Services

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Wipro has announced a partnership with CrowdStrike to launch Wipro CyberShields™ MDR, an AI-powered unified managed security service. This collaboration aims to simplify and strengthen enterprise security operations by providing enhanced visibility and AI-driven automation. The service is designed to address the challenges of siloed security tools and evolving threats, offering intelligent defense and proactive breach protection. Wipro’s cybersecurity experts will manage the services from eight Cyber Defense Centers globally.

Strategic Partnership for Enhanced Security

Wipro Limited and CrowdStrike have joined forces to introduce Wipro CyberShields™ MDR, a new AI-powered managed security service. This service is designed to provide enterprises with a unified solution to enhance their security operations, offering improved threat visibility and automation. The partnership was officially announced on September 15, 2025.

CyberShields™ MDR: Key Features

Wipro CyberShields™ MDR leverages the CrowdStrike Falcon® Next-Gen SIEM to deliver capabilities such as intelligent defense and breach protection. The service addresses the challenges of fragmented security operations by enhancing threat visibility, simplifying operations, and strengthening resilience against evolving threats. It combines the Falcon platform with third-party data and AI-powered automation to improve threat detection and response. The service also incorporates Wipro Ventures’ portfolio companies like Simbian and Tuskira.

Management and Global Reach

Wipro’s cybersecurity experts will manage and host the services from eight Cyber Defense Centers (CDCs) strategically located around the globe. According to Tony Buffomante, Senior Vice President & Global Head – Cybersecurity & Risk Services, Wipro Limited, the partnership will help enterprises contain threats swiftly and ensure continuity of digital operations. Daniel Bernard, Chief Business Officer, CrowdStrike, added that it will deliver real-time attack detection and faster response.

Future Launch

Wipro CyberShield™ MDR unified MSS is scheduled to launch at CrowdStrike Fal.Con 2025.

Source: BSE

BEML Limited: Clarification on Increase in Volume of Shares

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BEML Limited has responded to an inquiry regarding the increase in share volume, confirming adherence to regulatory norms. The company stated that all pertinent information has been promptly disclosed to stock exchanges, including factors influencing operational performance and price sensitivity. BEML affirms it has no undisclosed information that should be shared under existing regulations. The company reiterates its commitment to statutory compliance as a Government of India enterprise and Defence PSU.

Response to Share Volume Inquiry

BEML Limited has addressed queries concerning the increase in its share volume. The company confirmed its commitment to providing timely updates to the stock exchanges regarding all relevant events and information that could impact its performance. This includes any price-sensitive details as required. The company issued this statement on September 15, 2025.

Disclosure Compliance

BEML emphasized that it adheres to the stipulated regulations for information disclosure. It reiterated that all important information is promptly shared, fulfilling requirements for transparency and compliance.

No Undisclosed Information

BEML explicitly stated that it currently possesses no undisclosed or potentially price-sensitive information that warrants immediate disclosure. As a Defence PSU operating under the Government of India, it adheres strictly to regulatory and statutory mandates.

Source: BSE