logo
Yogi receives Rs 46.21 crore purchase orders from Companion Vinimay Trading

Yogi receives Rs 46.21 crore purchase orders from Companion Vinimay Trading

Business Upturn4 days ago
By Aditya Bhagchandani Published on July 21, 2025, 19:30 IST
Yogi Limited announced on Monday (July 21, 2025) that it has secured fresh purchase orders worth approximately ₹46.21 crore from Companion Vinimay Trading Private Limited. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the company's filing with BSE, the orders cover the supply and delivery of a complete set of industrial equipment, which includes: Structure Assembly
Head Assembly
Rotary Table & Electrical Accessories
Tool Changer & Additional Axis
Accessories
The company informed that the purchase orders were awarded by a domestic entity and are expected to be executed within approximately 15 days. The orders carry standard terms relating to quality, delivery schedule, and mutually agreed pricing. Yogi Limited also clarified that neither the promoter group nor related parties have any interest in the contracting entity, and the transaction does not qualify as a related party transaction.
The order value of ₹46.21 crore is exclusive of taxes.
Commenting on the development, Managing Director Ghanshyambhai Nanjibhai Patel signed off the announcement from the company's Mumbai office, indicating the company's commitment to timely execution.
This order strengthens Yogi Limited's industrial equipment segment and is expected to contribute positively to its near-term revenues.
Disclaimer: The information provided is based on company filings and is intended for informational purposes only. Investors are advised to do their own research or consult a financial advisor before making any investment decisions. Neither the author nor the publisher is responsible for any actions taken based on this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Safety Bodies Urge EU Not To Let US Vehicles Skirt Safety Rules
Safety Bodies Urge EU Not To Let US Vehicles Skirt Safety Rules

Forbes

time11 hours ago

  • Forbes

Safety Bodies Urge EU Not To Let US Vehicles Skirt Safety Rules

Independent European road safety bodies are concerned that the U.S. will skirt around the EU's ... More crash-safety regulations as part of any trade deal. Photo: Guido Kirchner/picture alliance via Getty Images. Europe's peak independent transport safety bodies have urged the European Union not to follow Japan's lead and allow U.S.-made vehicles to be sold to European customers without passing European safety regulations. The European Transport Safety Council (ETSC) has insisted that the EU should not allow American companies to sidestep EU safety regulations in the interests of lowered tariffs with the U.S. The Trump administration this week announced a trade deal with Japan, the centerpiece of which is a 15% reciprocal tariff on goods exported from Japan to the U.S. - which has American automakers concerned. But the fine print of the deal showed that American automakers would now be allowed to sell their vehicles into the Japanese market - without passing Japanese domestic crash or emissions regulations. News stories today hinted that the EU was preparing to sign a similar deal, allowing its automakers to export to the U.S. for a 15% tariff rather than building cars there, with the same circumvention of its crash-safety regulations, which are considered the toughest in the world. Autonomous emergency braking, ntelligent speed assistance and pedestrian protection are some ... More features mandated under EU law that are not mandatory in U.S. cars. Photo: Getty. In a statement released today, the ETSC expressed deep concern that the move could undermine years of crash-safety science and improvement and urged the EU to reject any such deal and insisted vehicle-safety standards were public protections, not trade barriers. 'We are deeply concerned by the trade deal reached this week by the governments of Japan and the United States, which reportedly removes domestic Japanese safety testing requirements for American-made vehicles exported to Japan,' the statement read. "This move sets a dangerous precedent - one that could undermine road safety in countries that have led the world in automotive safety regulation. 'Allowing vehicles to bypass proven national safety standards for the sake of trade expediency risks turning back the clock on decades of progress in reducing road deaths and serious injuries.' Signatories to the statement include the the Executive Director of the European Transport Safety Council (Antonio Avenoso), the Acting Director General of the FIA's Region 1 (Diogo Pinto), the Executive Director of Transport & Environment (William Todts) and the President of the International Federation of Pedestrians (Geert van Waeg). Others involved included leaders of the European Consumer Voice in Standardization, Cities and Regions for Transport Innovation and the European Cyclists' Federation. Leading the pushback were Michiel van Ratingen, the Secretary General of Euro NCAP (New Car Assessment Program) and the CEO of Global NCAP, Richard Woods. NCAP programs have been responsible for enormous steps forward in consumer awareness of vehicle crash safety and, more lately, in driver-assistance systems. 'Reports indicate that Japan will now allow U.S. vehicles to enter its market without being subject to Japan's specific crash testing or safety compliance requirements. We urge the European Union not to follow suit,' the statement continued. "Trade talks must not become a backdoor to regulatory weakening. Vehicle safety standards are not trade barriers; they are public protections backed by science and evidence. Weakening or bypassing them would lead to real and measurable harm - particularly to vulnerable road users such as pedestrians and cyclists. "The EU has consistently adopted some of the world's most effective vehicle safety regulations, culminating in the General Safety Regulation that is currently in force. These rules mandate technologies such as automated emergency braking, intelligent speed assistance, and pedestrian protection - none of which are currently required for vehicles sold in the U.S. 'We urge EU leaders to maintain this position, and to state clearly that no deal on vehicles will be accepted unless all products placed on the EU market meet existing European regulatory requirements in full.'While the Trump administration has insisted that its tariff war would bring jobs back to America, it was the Toyota Motor Corp whose shares boomed on the Japanese tariff announcement, rising 13% to a seven-month high yesterday. The Big Three U.S. automakers called for caution on the tariffs yesterday, with the head of the American Automotive Policy Council (which represents Ford, GM and Stellantis) insisting they would harm American manufacturers, rather than helping them. 'Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers,' the council's head, Matt Blunt, said in a statement. Auto Drive America, which represents automakers who sell imported vehicles in the U.S., had a different take, and urged Trump to reach similar deals with the EU, Mexico and South Korea. 'We share President Trump's vision to make the U.S. the worldwide center of automotive production, and our member companies need stability in order to create an environment where we can maintain our competitive edge both in the U.S. and on the global stage,' Auto Drive America said in a statement. The Trade War has been a collection of ups and downs that have driven automakers to despair, given that all U.S.-built cars contain at least 15% foreign-made parts. The irony is that American cars have been sold tariff-free in Japan for decades, but have failed to garner interest due to being too large and inefficient for Japanese tastes. Now, they'll be at least 15% more expensive to Japanese buyers.

IEX Q1 Results: Revenue rises 14.7% to Rs 141.75 crore, Net profit jumps 25% YoY
IEX Q1 Results: Revenue rises 14.7% to Rs 141.75 crore, Net profit jumps 25% YoY

Business Upturn

time14 hours ago

  • Business Upturn

IEX Q1 Results: Revenue rises 14.7% to Rs 141.75 crore, Net profit jumps 25% YoY

Indian Energy Exchange (IEX) reported a robust set of numbers for the quarter ended June 30, 2025 (Q1 FY26), with consolidated profit after tax (PAT) rising 25% year-on-year to Rs 120.7 crore, up from Rs 96.4 crore in Q1 FY25. The consolidated revenue grew 19% YoY to Rs 184.2 crore during the quarter. Electricity volume traded on the exchange stood at 32.4 billion units (BU), marking a 15% YoY growth, while the volume of Renewable Energy Certificates (RECs) traded surged 149% YoY to 52.7 lakh units. On a standalone basis, IEX reported a PAT of Rs 113 crore, up 21% from Rs 93.4 crore in the same quarter last year. Despite initial concerns over summer demand, an early monsoon and unseasonal rains led to a lower-than-expected peak power demand. The average Day-Ahead Market (DAM) price dropped 16% YoY to Rs 4.41/unit, while the Real-Time Market (RTM) price declined 20% YoY to Rs 3.91/unit due to improved liquidity and higher renewable supply. The Indian Gas Exchange (IGX), a wholly owned subsidiary of IEX, also recorded strong growth, with gas volumes at 24.6 million MMBtu, up 109% YoY. IGX PAT rose 86.7% YoY to Rs 14.1 crore. Another subsidiary, the International Carbon Exchange (ICX), issued over 44 lakh I-RECs in Q1 FY26, with revenue at Rs 1.79 crore. 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 Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

EPACK Durable signs joint venture with Korea's Bumjin Electronics to manufacture TV and smart speakers in India
EPACK Durable signs joint venture with Korea's Bumjin Electronics to manufacture TV and smart speakers in India

Business Upturn

time14 hours ago

  • Business Upturn

EPACK Durable signs joint venture with Korea's Bumjin Electronics to manufacture TV and smart speakers in India

By Aditya Bhagchandani Published on July 24, 2025, 17:26 IST EPACK Durable Limited has entered into a strategic joint venture agreement with Bumjin Electronics Co. Limited, a company based in the Republic of Korea, to manufacture and sell a range of advanced audio products including television speakers, soundbars, AI speakers, Bluetooth speakers, and smart speakers. As per the agreement executed on July 24, 2025, EPACK Durable will hold a 66.67% stake in the joint venture company (JV Co.), while Bumjin will own the remaining 33.33%. The JV is initially focused on the Indian market with potential for international expansion. The new entity will have an initial authorised share capital of Rs 14 crore, with 1.4 crore equity shares of Rs 10 each. The business aims to cater to both online and offline sales channels, including e-commerce platforms, while leveraging both companies' strengths. Key operational appointments include the business head being nominated by EPACK, the technical head by Bumjin, and the finance head jointly selected. The JV is expected to support import substitution, boost domestic value addition, and allow technology transfer, making it a strategic move in India's growing smart electronics and home entertainment ecosystem. This partnership aligns with EPACK's expansion plans in electronics manufacturing and is expected to enhance its product portfolio and brand visibility in the consumer electronics segment. Upon investment, the JV Co. will become a subsidiary of EPACK Durable. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store