Latest news with #LoA
Business Standard
4 days ago
- Business
- Business Standard
Brahmaputra Infra climbs after bagging Rs 24-cr orders from NHAI & WRD Assam
Brahmaputra Infrastructure rallied 4.95% to Rs 69.35 after the company has received two separate orders totalling to Rs 24.33 crore from National Highway Authority of India and Water Resources Department (WRD) in Assam. The first order, valued at Rs 16.95 crore, was received from the National Highway Authority of India (NHAI) for various infrastructure works on the four-laning of the JorabatShillong (Barapani) section of NH-40 (New NH-6). The scope of work includes the construction of rainwater drainage at 13th Mile near CASFOS, Byrnihat, a steel footpath along Bridge no. 59/4 on the LHS, foot-over bridges (FOBs) at various locations, service roads, truck lay-bys, and street light facilities along the project highway. The work will be executed on an item rate (percentage) basis and is expected to be completed within 12 months. The second order, valued at Rs 7.38 crore, was awarded by the Water Resource Department for The procurement involves works for Additional High Priority Underwater Riverbank Protection Works (Section 1) and Above Water Riverbank Protection Works (Section 2) in the Lakhimpur (Dhakuwakhana, Bonpuroi), Biswanath, and Sonitpur districts of Assam. This is under Package No. W9-LBS, Lot 3, as part of the ADBs Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management Project. The project aims to address riverbank erosion issues and improve flood resilience in the region. The Letter of Acceptance (LoA) has been issued for the awarded contract, signaling the start of the project. The work is expected to be completed within 14 months. The promoter, promoter group, or group companies do not have any interest in the entity that awarded the orders. Additionally, contracts do not fall within related party transactions, and therefore, the question of them being conducted at arms length is not applicable. The companys consolidatded net zoomed 394.7% to Rs 22.21 crore on 91.6% rise in revenue from operations to Rs 103.10 crore in Q4 FY25 over Q4 FY24. Brahmaputra Infrastructure is engaged in provides infrastructure and construction services. The Company offers construction of airports, tunnels, bridges, expressways, highways, real estate, and provides mining and dredging services.
Fashion Value Chain
6 days ago
- Business
- Fashion Value Chain
Crompton Secures Largest-ever Solar Pumps Order of Rs. 101 Crore from Maharashtra Energy Development Agency (MEDA), Reinforcing its Leadership in Sustainable Irrigation Solutions
Crompton Greaves Consumer Electricals Ltd., a trusted leader in India's pumps industry, has achieved a landmark milestone in its green energy journey by securing its largest-ever order in the solar water pump segment. The company has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) valued at over Rs. 101 crore (exclusive of GST) for the design, manufacture, supply, transportation, installation, testing, and commissioning of 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under Component-B of the PM-KUSUM scheme. This significant order underscores Crompton's ongoing commitment to providing sustainable irrigation solutions that empower farmers across India. The turnkey project also includes a comprehensive five-year maintenance contract (CMC), ensuring long-term reliability and support for the installed systems. Crompton's advanced solar-powered DC submersible pumps are engineered for durability, high performance, and ease of use, specifically designed to address water access challenges in off-grid and rural regions. The company will leverage its trained field personnel, local district support teams, and robust after-sales service network to ensure seamless implementation and operational excellence throughout the project's lifecycle. This initiative aligns directly with national objectives to facilitate farmers' transition from conventional energy sources to renewable solar energy, delivering both economic savings and environmental benefits. The order comes amid rapid growth in India's submersible water pump market, driven by increasing demand in agriculture, rural water supply, and off-grid applications. Solar-powered submersible pumps are becoming vital in regions with irregular rainfall and limited grid power, enabling consistent and sustainable irrigation. Mr. Rajat Chopra, Business Head – Home Electricals & Pumps at Crompton Greaves Consumer Electricals Ltd., commented, 'We are delighted to have received the Letter of Award from MEDA for 4,500 Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme. This milestone not only marks our largest solar pump order to date but also reflects our ongoing commitment to delivering reliable and high-performance pumping solutions tailored to the needs of farmers across India. The order reinforces confidence in Crompton's product excellence, long-lasting performance, and robust service network. It further strengthens our position as a trusted partner in driving solar-powered irrigation forward. At Crompton, we remain focused on enabling clean energy access for farmers while ensuring seamless execution backed by quality, innovation, and strong after-sales support.' Crompton actively participated in the tender process across four key states – Haryana, Maharashtra, Rajasthan, and Madhya Pradesh. The initial phase, overseen by SECI and MNRE, has transitioned to respective state nodal agencies including HAREDA, MEDA, MSEDCL, MPUVNL, and RHDS for final execution. While Crompton is already operational in Haryana, Rajasthan, and Maharashtra, the company is preparing to commence work in Madhya Pradesh and is poised to expand its footprint across other Indian states. With over 85 years of experience, Crompton continues to innovate and lead in delivering energy-efficient, durable, and smart pumping technologies that support India's clean energy and water access goals. About Crompton With a brand legacy of over 85 years, Crompton Greaves Consumer Electricals Ltd. is India's market leader in the category of fans and residential pumps. Over the years, the organization has continuously strived to produce a range of innovative products that cater to the modern consumer including superior quality and high-performance fans, pumps, lighting solutions and a range of other categories like water heaters; air coolers; small kitchen appliances like mixer grinders, air fryers, OTG, electric kettles etc.; other home appliances like irons & built-in kitchen appliances. The company has further invested in brand and innovation to not only better understand and meet consumer needs, but to also help drive energy efficiency. The consumer business also has a well-established and organized distribution network driven by a strong dealer base across the country offering a wide service network and robust after sales service to its customers. The companys consistent dedication to developing energy-efficient products has led to significant recognition. It has been honored with three prestigious National Energy Consumer Awards (NECA) by BEE, Ministry of Power. The recent award was presented by the Hon'ble President of India, Smt. Droupadi Murmu for the companys storage water heater in 2023. In 2019, the brand won in two categories: Ceiling Fans and LED Bulbs. Additionally, it was recognized as one of Indias Best Managed Companies 2022 by Deloitte Private and listed among 'India's Top 500 companies 2022' by Dun & Bradstreet India. The company has also been featured in Brand Top 75 most valuable Indian brands list for 2020 released by WPP and Kantar. Furthermore, Crompton was also recognized as the Brand of the Decade 2021 by Herald Global and BARC Asia in the Consumer Electrical category.
Business Upturn
6 days ago
- Business
- Business Upturn
Top stocks to watch today, June 16: NTPC, Godrej Properties, ONGC, Oil India, SpiceJet, Natco Pharma and more
Indian stock markets are likely to open on a cautious note on Monday, June 16, as global investors monitor geopolitical tensions in the Middle East. Here's a look at key stocks that will be in focus today: ONGC, Oil India, Paint Companies, OMCs Crude oil prices remain elevated with Brent trading near $75 per barrel due to the ongoing Iran-Israel conflict. This could impact oil-linked sectors including oil exploration companies, paint manufacturers, and oil marketing companies (OMCs). Vedanta Ltd The company's board will meet on June 18 to consider the first interim dividend for FY26. Investors will watch for the dividend quantum and commentary on future payouts. NTPC NTPC has commenced operations at one 660 MW phase of its three-phase super thermal power project. The operationalisation adds to the company's thermal generation capacity. Godrej Properties Godrej Properties will develop a 14-acre residential project in Hoskote, East Bengaluru. The project has an estimated revenue potential of ₹1,500 crore. Syngene International The US Food and Drug Administration (US FDA) has issued a 'No Action Indicated' (NAI) classification for Syngene's Semicon Park facility in Bengaluru, indicating compliance with regulatory norms. HBL Power Systems HBL Engineering has received a Letter of Acceptance (LoA) worth ₹164 crore for Kavach-related work in the Vijayawada–Ballarshah section of South Central Railway. Zee Entertainment Zee Entertainment's board is scheduled to meet today to discuss potential fundraising plans and a long-term growth roadmap over the next three to five years. Tanla Platforms The company's board will meet today to consider a share buyback proposal, which may impact stock movement based on the buyback size and premium. Birla Corporation Birla Corp has been declared the preferred bidder for a limestone block spanning 500 hectares in Rajasthan. This could aid raw material security for its cement business. SpiceJet The airline reported a net profit in FY25, marking its first annual profit in seven years. EBITDA rose 19% year-on-year. The financial performance may lift investor sentiment. Sun Pharmaceutical Sun Pharma has received eight observations from the US FDA for its Halol facility, following an inspection. Regulatory compliance remains a key monitorable. Nazara Technologies Investor Rekha Jhunjhunwala has exited Nazara Tech by selling 27.23 lakh shares via block deals on Friday. Stock may react to the large stake sale. Natco Pharma The US FDA issued one observation for Natco's API manufacturing facility in Hyderabad following an inspection. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash
United News of India
7 days ago
- Business
- United News of India
Crompton Greaves secures solar pumps order worth Rs 101 crore from MEDA
Mumbai, Jun 14 (UNI) Crompton Greaves Consumer Electricals Ltd said that it has secured its largest-ever order in the solar water pump segment. The company has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) valued at over Rs 101 crore (exclusive of GST) for the design, manufacture, supply, transportation, installation, testing, and commissioning of 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under Component B of the PM-KUSUM scheme. This significant order underscores Crompton's ongoing commitment to providing sustainable irrigation solutions that empower farmers across India. The turnkey project also includes a comprehensive five-year maintenance contract (CMC), ensuring long-term reliability and support for the installed systems. Crompton's advanced solar-powered DC submersible pumps are engineered for durability, high performance, and ease of use, specifically designed to address water access challenges in off-grid and rural regions. The company will leverage its trained field personnel, local district support teams, and robust after-sales service network to ensure seamless implementation and operational excellence throughout the project's lifecycle. Rajat Chopra, Business Head - Home Electricals & Pumps at Crompton Greaves Consumer Electricals Ltd., commented, "We are delighted to have received the Letter of Award from MEDA for 4,500 Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme. This milestone not only marks our largest solar pump order to date but also reflects our ongoing commitment to delivering reliable and high-performance pumping solutions tailored to the needs of farmers across India. The order reinforces confidence in Crompton's product excellence, long-lasting performance, and robust service network. It further strengthens our position as a trusted partner in driving solar-powered irrigation forward. At Crompton, we remain focused on enabling clean energy access for farmers while ensuring seamless execution backed by quality, innovation, and strong after-sales support." UNI JS BD
Business Standard
13-06-2025
- Business
- Business Standard
Crompton Greaves bags Rs 101-cr Order from MEDA
Crompton Greaves Consumer Electricals has secured a Letter of Award (LoA) worth Rs 100.68 crore from the Maharashtra Energy Development Agency (MEDA) for supplying and installing 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). In a regulatory filing, the company stated that the order falls under Component-B of the PM-KUSUM scheme, a government initiative aimed at promoting solar energy in the agricultural sector. The scope of the turnkey project includes the design, manufacture, supply, transportation, installation, testing, and commissioning of the solar water pumps across Maharashtra. The entire project is scheduled for completion within 90 days from the issuance of the work order. The contract also includes a comprehensive five-year maintenance contract (CMC), ensuring long-term reliability and post-installation support. Cromptons solar-powered DC submersible pumps are engineered for high performance and durability, catering specifically to off-grid and rural areas that face challenges in water accessibility. To ensure efficient execution, the company plans to deploy its trained field personnel, local district support teams, and extensive after-sales service network across the state. The company said that this initiative aligns directly with national objectives to facilitate farmers transition from conventional energy sources to renewable solar energy, delivering both economic savings and environmental benefits. The order comes amid rapid growth in Indias submersible water pump market, driven by increasing demand in agriculture, rural water supply, and off-grid applications. Solar-powered submersible pumps are becoming vital in regions with irregular rainfall and limited grid power, enabling consistent and sustainable irrigation. Rajat Chopra, Business Head Home Electricals & Pumps at Crompton Greaves Consumer Electricals, commented, We are delighted to have received the Letter of Award from MEDA for 4,500 Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme. This milestone not only marks our largest solar pump order to date but also reflects our ongoing commitment to delivering reliable and high-performance pumping solutions tailored to the needs of farmers across India. The order reinforces confidence in Cromptons product excellence, long-lasting performance, and robust service network. It further strengthens our position as a trusted partner in driving solar-powered irrigation forward. At Crompton, we remain focused on enabling clean energy access for farmers while ensuring seamless execution backed by quality, innovation, and strong after-sales support. Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the Crompton brand name in India and select export markets. The companys consolidated net profit jumped 22.5% to Rs 169.48 crore on 5.1% increase in revenue from operations to Rs 2,060.64 crore in Q4 FY25 over Q4 FY24. The counter shed 0.23% to Rs 342.80 on the BSE.
