Latest news with #PLIScheme
Hans India
14-06-2025
- Business
- Hans India
Structural reforms in last 11 years reshaped India's macroeconomic fundamentals: FM Sitharaman
New Delhi: Structural reforms over the last 11 years under Prime Minister Narendra Modi's vision reshaped India's macroeconomic fundamentals, Finance Minister Nirmala Sitharaman said on Saturday. India's emergence as the fastest-growing major economy is anchored on several favourable factors, and is closely intertwined with strengthening balance sheets of key sectors of the economy – banks, corporates, households, government and the external sector, the Finance Minister wrote in a media article. 'The transformation of the Indian economy over last 11 years – from having a twin-deficit problem to a five-balance sheet advantage – is an outcome of the concerted policy efforts under PM Modi's leadership,' FM Sitharaman posted on social media platform X. She further stated that "when we came to power in 2014, the foremost priority was growth revival as India was then considered as part of the 'Fragile Five' economies." 'Structural reforms were introduced, including GST, IBC, RERA, and during the pandemic years, the PLI Scheme, and ECLGS to help credit-worthy MSMEs survive the Covid shock. Equally, infrastructure and asset creation, neglected in the previous decades, was revived,' the finance minister emphasised. From the digital payment revolution initiated by UPI (achieving transaction volumes of over 185 billion in FY25) to the entrepreneurial appetite revealed by MUDRA loan uptake (cumulative disbursements of over Rs 33 lakh crore to 53 crore+ loan accounts), 'the last 11 years have shown the heights our economy can reach when we combine trust-based governance with systematic reduction of regulatory burden and an expansion of public goods,' she stressed. Commerce and Industry Minister Piyush Goyal said earlier this month that India's FDI inflows now originate from 112 countries, compared to 89 in 2013–14, underscoring the country's rising global appeal. India's FDI success story is not only about impressive numbers but also a reflection of visionary reforms, policy clarity, and the global community's trust in the country's economic future, he mentioned.
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Business Standard
06-06-2025
- Business
- Business Standard
Tejas Networks shares gain 5% on receiving ₹123 crore under PLI scheme
Shares of Tejas Networks rose nearly 5 per cent in Friday's intraday session after the company received ₹122.96 crore from the Department of Telecommunications as the first tranche under the Production Linked Incentive (PLI) scheme. The telecom equipment and accessories maker's stock rose as much as 4.8 per cent during the day to ₹749.9 per share, the best intraday gains since May 16 per cent. The stock pared gains to trade 1.7 per cent higher at ₹727.3 apiece, compared to a 0.9 cent advance in Nifty50 as of 2:12 PM. The company's shares extended their rally for a third straight session, gaining 6 per cent over the past three trading days. The counter has fallen 38 per cent this year, compared to a 5.7 per cent advance in the benchmark Nifty50. Tejas Networks has a total market capitalisation of ₹12,837.97 crore, according to BSE data. Tejas Networks gets ₹123 crore under PLI Tejas Networks received ₹122.96 crore from the Ministry of Communications, Department of Telecommunications, under the PLI scheme for telecom and networking products. The amount, disbursed on June 4, 2025, represents the first tranche, 85 per cent of the eligible incentive, for the third quarter of the financial year 2024–25, the company said in an exchange filing on Thursday. The remaining amount will be released later as per the PLI Scheme guidelines, it added. Late last month, the compnay said that it has received an add-on Advance Purchase Order worth about ₹1,526 crore from BSNL for supply, deployment and maintenance of 4G mobile network at 18,685 sites. About Tejas Networks Tejas Networks is among the leading global providers of telecom equipment and solutions, specialising in the design, manufacturing, and sales of advanced networking products. With a strong focus on research and development, the company delivers cutting-edge technology for building end-to-end communication networks. The company's offerings span a broad spectrum, including wireless (4G/5G), optical transmission (DWDM, OTN), and packet switching (Ethernet, IP/MPLS), enabling robust infrastructure for various sectors. Catering to a diverse global customer base, Tejas Networks serves telecom service providers, utility companies, and government and defence organisations across more than 75 countries. A part of the Tata Group, the company is known for its innovation-driven approach, major intellectual property portfolio, and adherence to international standards.
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Business Standard
06-06-2025
- Business
- Business Standard
Boson Cell leads India's march towards sustainable energy storage solutions
Boson Cell, which claims to be the first indigenous lithium cell manufacturing company, has officially launched two new variants—high-performance, cost-effective energy cells: 18350 B-30A and 21700 B-50A. This supports the Prime Minister's clarion call towards making India an Atmanirbhar destination for multiple industries, ensuring that the country's journey towards energy self-reliance and sustainable use of renewable energy is no longer a distant reality. Boson Cell is now at the forefront of the country's rapidly evolving lithium ecosystem, which is set to redefine the way India is perceived by the global audience. With India's lithium-ion battery market projected to skyrocket to $9.56 billion by 2030, Boson Cell is expected to become a critical enabler in key industries—especially clean mobility, consumer electronics, renewable energy, and the rapidly expanding drone market. Supported by forward-looking government initiatives such as FAME II, the PLI Scheme, and the Drone Shakti programme, the demand for reliable, affordable, and locally sourced battery technology is at an all-time high. 'Boson is not just another cell manufacturer—it's a symbol of India's technological prowess in powering sustainable solutions to address the requirements of the burgeoning futuristic industry that are banking on renewable energy,' said Guru Punghavan, Chief Executive Officer, Boson Cell. 'We're not only replacing imports but building smarter, cleaner, and more scalable energy solutions that can power the future of every Indian household, enterprise, and innovation. The cells, manufactured in three variants—Economy, Advanced, and Extreme—can aid the multi-dimensional requirements of battery manufacturers as well as individuals with smaller-scale needs. Quality is at the heart of Boson's promise, with each lithium cell undergoing rigorous multi-stage testing to guarantee safety and superior performance. These cells are designed for wide compatibility, powering a diverse range of applications including electric vehicles, drones, solar energy systems, power tools, and more.' Boson Cell's expansion is timed to capitalise on India's drone sector boom, fuelled by applications in agriculture, defence, logistics, and infrastructure. The Indian drone market is expected to reach $13 billion by 2030, creating a surge in demand for lightweight, high-density, and durable lithium storage solutions. With increasing government support for local drone manufacturing and operational adoption across sectors, Boson's high-performance cells are uniquely positioned to become the backbone of this unmanned aerial revolution. Manufactured through a sustainable, eco-conscious process, each cell embodies the company's steadfast commitment to sustainability, safety, and scalability—ensuring products that are both reliable and responsible. Boson offers cells at a lower cost compared to imported alternatives. Alongside affordability, the company provides faster turnaround times, shorter lead times, and lower minimum order quantities (MOQs) for distributors, enhancing operational flexibility and supply chain efficiency. Currently, Boson's products are available across Tamil Nadu, Karnataka, Kerala, and Andhra Pradesh, distributed through electronics retailers, supermarkets, and local kirana stores. Online accessibility is ensured via partnerships with Amazon, Flipkart, and Boson's own direct-to-consumer e-commerce platform. Looking ahead, Boson Cell is targeting a pan-India presence through modern trade and organised retail channels by the end of 2025. The company also plans to deepen its engagement in strategic sectors such as drone technology, electric vehicle manufacturing, and clean energy integration. With its cutting-edge technology, commitment to local manufacturing, and industry-focused approach, Boson Cell is not only powering India today—it is shaping the country's energy future.
Business Standard
15-05-2025
- Business
- Business Standard
KRN HVAC Products receives approval for PLI incentives of Rs 141.72 cr
KRN Heat Exchanger and Refrigeration announced that in order to take the benefits of the Performance Linked Incentive (PLI) Scheme (herein referred to as PLI Scheme) for white goods (Air Conditioners and LEDs) Products, notified vide Gazette Notification No. CG-DL-E-16042021-226671 dated 16 April 2021 and PLI Scheme Guidelines issued thereunder, the Company's wholly owned subsidiary namely KRN HVAC Products Private Limited had made an application with IFCI (a government of India undertaking) and received an approval of incentives amounting to Rs 141.72 PLI Scheme is aimed at making India a global manufacturing hub for white goods (Air Conditioners and LEDs) products under "Make in India" initiative. Powered by Capital Market - Live News
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Business Standard
15-05-2025
- Business
- Business Standard
Here's why KRN Heat Exchanger shares are buzzing in trade on May 15
KRN Heat Exchanger's wholly owned subsidiary has been granted the incentive of ₹141.72 crore from the Performance Linked Incentive (PLI) Scheme for white goods. SI Reporter New Delhi KRN Heat Exchanger share price today, Thursday, May 15, 2025: Shares of KRN Heat Exchanger and Refrigeration were ruling higher on the bourses on Thursday, May 15, 2025. The company's share price zoomed 3.50 per cent to ₹820 per share on the National Stock Exchange (NSE) during the intra-day trade on Thursday. The northward movement in the company's share price is attributed to the company's announcement that its wholly owned subsidiary has been granted the incentive of ₹141.72 crore from the Performance Linked Incentive (PLI) Scheme for white goods. The PLI Scheme is aimed at making India a global manufacturing hub for white goods (Air Conditioners and LEDs) products under the "Make in India" initiative. "The company's wholly owned subsidiary, namely KRN HVAC Products Private Limited, had made an application with IFCI Limited (a Government of India undertaking) and received an approval of incentives amounting to ₹141.72 crore," said KRN Heat Exchanger in an exchange filing on the NSE. About KRN Heat Exchanger KRN Heat Exchanger and Refrigeration Limited (KRN) specialises in manufacturing fin and tube-type heat exchangers for the heat, ventilation, air conditioning, and refrigeration (HVAC&R) industry. Their products are primarily made from non-ferrous metals such as copper and aluminium. KRN customises heat exchangers in various shapes and sizes to meet customer requirements and market demand, with diameters ranging from 5 mm to 15.8 mm. The product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils, and sheet metal parts for various cooling applications. As of May 15, the company enjoys a market capitalisation of ₹5,070.11 crore on the NSE. ALSO READ | What sparked 11% rally in 3i Infotech share price on May 15? Find out here KRN Heat Exchanger share price history Shares of KRN Heat Exchanger made their D-Street debut on October 03, 2024, by listing at ₹470 per share on the BSE, and ₹480 per share on the NSE against the IPO issue price of ₹220 per share. The company's shares are currently nearly 70 per cent higher from their listing price on the NSE, and 272 per cent higher than its issue price. For the year-till-date, KRN Heat Exchanger shares have posted an advancement of 5.5 per cent. At 1:15 PM on Thursday, KRN Heat Exchanger shares were quoted trading at around ₹815.70 per share, up 2.297 per cent from its previous close of ₹792.20 per share on the NSE.
