Connect with us
Wednesday,30-July-2025
Breaking News

Business

Honda India Power Products Ltd reaches 5 mn units production milestone in Feb

Published

on

Honda India Power Products Limited (HIPP), a leading manufacturer of power products in India, successfully crossed the 5 million units accumulated production milestone in February 2022.

HIPP has been consistently introducing latest technology products with global standards and bringing joy to its customers since 1985. The company has been a trusted partner in progress for its valued customers in line with its vision of “Empower People, To Do Better”.

HIPP launched its first product namely Portable Generator Model EM650 manufactured at its Rudrapur factory in 1988. Buoyed by a strong demand from the customers, the company soon launched other well differentiated Generator models catering to the varying demands from a vast and well diversified market.

HIPP made foray into the export markets in 1989 and its products were very well received in the competitive overseas markets. After having enlightened lives of many customers in domestic and overseas markets, HIPP made foray into agriculture by starting production of Engine range in 1991 followed by Water Pump range in 1992. Farmers across India immensely appreciated portable, reliable, and efficient Engines and Water Pumps meeting their timely irrigation, spraying and mechanisation needs.

In the year 1995, HIPP established its second manufacturing plant at Puducherry to meet the ever-growing demand. HIPP undertook a major reconsolidation exercise in 2000 and amalgamated its production plants into its present “State-of-the-art” manufacturing facility at Greater Noida thereby achieving economies of scale while pursuing its mission of “Helping people get things done” by manufacturing products that have successfully established themselves as a benchmark for their performance and quality.

Takahiro Ueda, Chairman & Management Director, President & CEO, Honda India Power Products Limited said, “We were able to reach 5 million production units thanks to the support and the cooperation of all the people in India and the local society. Our suppliers and partners stood by us and believed in our common vision – delivering continuously even in acute times such as pandemic and I am grateful for their efforts all along. Our network of dealers, channel partners played excellent role as our extended arms in providing 3S – Sales, Service and Spare Parts support ensuring delightful experience of our customers all along. HIPP will continue to contribute to India and its society as a company that is expected to exist”.

Business

Mukesh Ambani Planning To Introduce ₹52,200 Crore Worth IPO, Reliance To List Jio Infocomm In Stock Market

Published

on

Reliance Industries Limited (RIL), led by the country’s richest man Mukesh Ambani, is planning to bring the biggest IPO ever. RIL is preparing to list its telecom business, Jio Infocomm, in the stock market. This IPO can be worth Rs 52,200 crore (about $6 billion).

Reliance Starts Informal Talks With SEBI

According to a Bloomberg report, Reliance has started informal talks with the Securities and Exchange Board of India (SEBI) to get approval to sell just 5% stake in Jio. If this approval is received, this IPO will break the record of Hyundai Motor India’s Rs 28,000 crore IPO.

Actually, under the current rules of SEBI, companies have to sell at least a 25% stake for public float. But Reliance has told SEBI that the Indian market does not have the capacity to bear such a big offer. Therefore, the company is seeking an exemption to sell 5% stake.

When Will The IPO Launch?

According to Bloomberg sources, this IPO can be launched in the early months of next year, although its size and timing will depend on the market situation. If this plan is successful, it will be the country’s largest IPO.

Jio’s IPO will give an opportunity to big foreign investors like Meta Platforms and Alphabet Inc. (Google) to sell their stake. In 2020, both these companies invested more than $20 billion in Jio Platforms. During this period, Jio’s valuation was $58 billion.

Which Other Investors Have Invested In Jio?

Apart from this, investors like KKR, General Atlantic, and Abu Dhabi Investment Authority have also invested heavily in Jio. Market experts say that Jio’s valuation can be more than $100 billion. However, Reliance wants to increase its income and subscriber base further before the IPO so that the valuation can be increased further.

Continue Reading

Business

Adani Green Energy Sales Jump 42% In Q1, Operational RE Capacity Reaches 15.8 GW

Published

on

Key Highlights:

– Energy sales rose 42 percent YoY to 10,479 million units in Q1 FY26.

– Operational RE capacity reached 15.8 GW, the highest in India.

– EBITDA surged 31 percent to Rs 3,108 crore, backed by new greenfield projects.

Ahmedabad: Adani Green Energy Ltd’s (AGEL) energy sales surged 42 per cent (year-on-year) in the April-June quarter (Q1 FY26) to 10,479 million units, as operational renewable energy (RE) capacity grew 45 per cent to 15.8 GW which continues to be India’s largest, the company said on Monday.

While revenue growth increased by 31 per cent (on-year) to Rs 3,312 crore, EBITDA also went up by 31 per cent to Rs 3,108 crore.

According to the Adani Group company, cash profit surged by 25 per cent (on-year) to Rs 1,744 crore in the quarter.

“During Q1 FY26, we added 1.6 GW of greenfield renewable energy capacity, bringing our total increase to 4.9 GW over the past year — an achievement unmatched in India’s transition toward clean energy,” said Ashish Khanna, CEO of Adani Green Energy.

“Our investments in the massive RE development at Khavda in Gujarat as well as other resource-rich sites are delivering results both in terms of superior operational performance and industry-best EBITDA margins,” he said, adding that the company is on track to achieve its 2030 target of 50 GW RE capacity — with at least 5 GW of hydro pumped storage along with battery storage.

Strong revenue, EBITDA, and cash profit growth are primarily backed by robust greenfield capacity addition, deployment of advanced RE technologies, superior plant performance and deployment of new capacities in resource-rich sites in Khavda (Gujarat) and Rajasthan.

“Further, battery storage is also a key part of our future strategy. We remain committed to supporting national energy transition and security ambitions as well as maintaining our ESG leadership, highlighted by our top rankings in the FTSE Russel ESG assessment and recognition at the Reuters Global Energy Transition Awards 2025,” Khanna noted.

AGEL has consistently generated electricity exceeding the overall annual commitment under the power purchase agreements (PPA). In Q1 FY26, AGEL’s PPA-based electricity generation was 31 per cent of the annual commitment.

The company is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost 5 times the city of Paris.

Continue Reading

Business

Sensex May Touch 1.15 Lakh And Nifty 43,876 By FY28 In Bull Case, Says Ventura Stock Broking Report

Published

on

Mumbai: In a bull case scenario, Sensex is projected to reach 115,836 and Nifty is likely touch 43,876 by the financial year 2028 (FY28), a report said on Friday.

However, in a bear case scenario, Sensex is projected to reach 1,04,804 and Nifty at 39,697 by FY28, Ventura, a stock broking platform, said in its recent projection.

Nifty is expected to oscillate within a well-defined price-to-earnings (PE) band in these three years, with projected robust earnings growth with estimated FY28 earnings per share compound annual growth rate (EPS CAGR) of 12-14 per cent.

“In the last 10 years, the Indian economy has demonstrated resilience and clocked the highest GDP growth as a large economy despite global headwinds of NBFC crisis, Covid 19, Russia-Ukraine war and the recent uncertainty on US President Donald Trump tariff,” said Vinit Bolinjkar, Head of Research, Ventura.

The risk mitigation influencers will outweigh the current challenges, which will usher Indian GDP growth to 7.3 per cent by FY30(E), he added.

By FY28, the Indian index will be at a PE level of 21 times in the bull case and 19 times in the bear case with an estimated earnings-per-share (EPS) of 5,516 for Sensex and 2,089 for Nifty 50, the report stated.

Over the past ten years, India has demonstrated extraordinary resilience by navigating a series of unprecedented disruptions without compromising its growth trajectory.

From the “Fragile Five” designation to demonetisation, GST implementation, a crippling NBFC crisis, and the dual shock of COVID-19 waves, India has withstood and adapted to adversity, the report highlighted.

According to the report, even global headwinds like the Russia-Ukraine war and Trump-era tariffs have failed to derail its momentum, underlining the robustness of the Indian economy.

As of the mid-season point for Q1 FY26 earnings, 159 companies have reported Q1 FY26 results, revealing broad-based strength across key sectors.

Engineering/manufacturing and services sectors have led the pack, while consumption, commodities, and pharma show steady performance, the report stated.

Continue Reading

Trending