IRFC | The company said it has emerged as the lowest bidder (L1) to finance ₹3,167 crore for the development of the Banhardih coal block in Latehar District, Jharkhand. The project is being undertaken by Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a joint venture between NTPC Ltd (holding a 74% equity stake) and Jharkhand Bijli Vitran Nigam Ltd (26% equity stake).
Adani Green | India’s largest renewable energy company said it has expanded its total operational renewable generation capacity to 11,666.1 MW following the commissioning of a 57.2 MW wind power component at Khavda, Gujarat. The project was developed by Adani Renewable Energy Forty Eight Ltd, a step-down subsidiary of AGEL, as part of a wind-solar hybrid initiative. The decision to operationalise the plant was finalised today, January 14, 2025, and power generation is set to commence on January 15.
Optiemus Infracom | Electronics manufacturing and telecom products marketing company said its wholly-owned subsidiary Optiemus Unmanned Systems Private Ltd has announced a strategic partnership with Taiwan-based KunWay Technology to manufacture drones in India. As part of this collaboration, Optiemus Unmanned Systems will localise, manufacture, and sell a range of KunWay’s drone products tailored for the Indian market.
Hindustan Zinc | Vedanta Group company said it has been levied penalties totalling ₹92.55 crore by the Deputy Commissioner of State Tax, Udaipur. The penalties, amounting to ₹41.11 crore for FY 2018-19 and ₹51.45 crore for FY 2019-20, are accompanied by a tax demand and applicable interest. The dispute pertains to the input tax credit under Section 17(5) of the GST law. The orders were issued on January 13, 2025, and received by the company on the same day.
Sula Vineyards | India’s top wine producer announced its Q3 FY25 business update, reporting net revenue of ₹217.3 crore, down 0.7% from ₹219 crore in the year-ago quarter. The company’s wine tourism business stood out with its best-ever quarterly revenue of ₹16.4 crore, an 11.5% year-on-year increase. This growth was attributed to higher guest spending and strong occupancy rates across Sula’s tourism properties.
Shoppers Stop | Retail chain reported a 41.5% year-on-year (YoY) surge in net profit at ₹52.2 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Shoppers Stop posted a net profit of ₹36.9 crore. The company’s revenue from operations increased 11.5% to ₹1,379.5 crore versus ₹1,237.5 crore in Q3 of FY24.
Allcargo Gati | Express distribution and supply chain firm released key business updates for the month ended December 2024. The company has reported a total volume of 113 kilotonnes (kt) for December 2024, covering both surface and air express operations. This represents an 8% year-on-year (YoY) growth compared to 105kt in December 2023. The monthly volume also saw a 10.8% increase from 102kt recorded in November 2024.
Hathway Cable | Cable television distribution company reported a 39.3% year-on-year (YoY) decline in net profit at ₹13.6 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Hathway Cable & Datacom posted a net profit of ₹22.4 crore. The company’s revenue from operations increased 1.3% to ₹511.2 crore against ₹504.6 crore in the year-ago period.
Escorts Kubota | Farm and construction equipment firm Escorts Kubota Ltd on Tuesday (January 14) announced that the Delhi High Court has dismissed the appeal filed by the Income Tax Department against the company for the assessment year (AY) 1986-87. The order, dated January 10, 2025, was made available on the court’s portal on January 14, 2025. The company disclosed the matter earlier on August 14, 2023, as part of its regulatory obligations under SEBI Listing Regulations.