Latest news with #Atmanirbhar
India.com
18 hours ago
- Business
- India.com
Days after ED raid, Anil Ambani's BIG move, hundreds of senior leaders of Reliance Infra, Reliance Power hold meetings, plan next phase of…, focus on…
Anil Ambani (File) Anil Ambani's Reliance Group announced on Sunday that it will focus on the defence, power, and clean energy sectors to drive its next phase of growth, with focus on innovation and value creation. The announcement came on the same day the Enforcement Directorate concluded searches at locations linked to the group as part of a probe into alleged money laundering and misappropriation of public funds. After this backdrop, over 100 senior leaders from its two listed entities Reliance Infrastructure and Reliance Power gathered in Mumbai to reaffirm their commitment to the group's ambitious growth strategy. Anil Ambani Group Responds On ED Raids 'After the unanimous approval by the Board of Directors of Reliance Infrastructure and Reliance Power, just a week ago by both boards to raise Rs 18,000 crore by way of equity and debt to fund growth across defence and aerospace and renewable energy sectors, the meeting reflected unity of purpose, renewed vigour and a shared resolve to deliver long-term value for stakeholders,' the group said in a press statement. The two listed firms in separate statements earlier in the day stated that the action by ED has concluded and that the company and its officials have fully cooperated with the authority. 'Action by ED has no impact on business operations, financial performance, shareholders, employees, or any other stakeholders of the company,' they said. In the statement on the leadership meeting, the group said its two listed companies — Reliance Infrastructure and Reliance Power — are 'nearly debt-free, have net worths of Rs 14,883 crore and Rs 16,431 crore, respectively, and have 50 lakh public shareholders, one of India's largest shareholder family.' The leadership meeting, it said, spotlighted high-growth verticals driving the group's future strategy. Reliance Infrastructure & Reliance Power Future Plans Reliance Infrastructure's focus will be on defence and aerospace, which includes plans to manufacture Falcon 2000 business executive jets in India for global markets in partnership with Dassault Aviation of France, strategic partnership with US-based Coastal Mechanics to establish MRO and overhaul hub in Maharashtra, partnership with defence manufacturer Rheinmetall AG of Germany, and strengthening strategic partnership with Diehl Defence of Germany for guided munition/terminally guided munition (TGM). The 'aim (is) to rank among India's top three defence exporters — strong commitment to the Indian defence markets and 'Make in India' and 'Atmanirbhar' initiative of the Government of India,' it said. In the power business, its electricity distribution utility BSES that services more than 53 lakh households, covering two-thirds population in Delhi, will focus on continued excellence in smart, sustainable power delivery and sourcing clean green energy for Delhi in the next five years. Reliance Power is focused on an operating portfolio of 5.3 GW. It has secured renewable energy projects of 3.3 GWh of solar and battery energy storage system (BESS) projects, Asia's largest solar-plus-storage project. 'Pursue your goals even in the face of difficulties, and convert adversities into opportunities — the spirit of the group's legendary and visionary founder, Padma Vibhushan late Shri Dhirubhai H Ambani, resonated throughout the discussion,' the statement added. While Reliance Infrastructure also has interests in defence manufacturing and plays a key role in infrastructure development through special purpose vehicles (SPVs), including projects like the Mumbai Metro, Reliance Power has a total installed capacity of 5,305 MW, including the 4,000 MW ultra mega power project in Sasan, Madhya Pradesh. (With Inputs From PTI)
Time of India
19 hours ago
- Business
- Time of India
Anil Ambani's Reliance Group charts next phase of growth with focus on defence, renewables
New Delhi: Anil Ambani 's Reliance Group will focus on defence, power and clean energy sectors to chart the next phase of growth that will train resources on innovation and value creation, it said on Sunday. Just as financial crime-fighting agency, Enforcement Directorate concluded searches at locations linked to the group as part of an investigation into alleged money laundering and siphoning of public funds, over 100 top leaders from its two listed firms -- Reliance Infrastructure and Reliance Power -- convened in Mumbai on Sunday to reaffirm their commitment to its ambitious growth roadmap. "After the unanimous approval by the Board of Directors of Reliance Infrastructure and Reliance Power , just a week ago by both boards to raise Rs 18,000 crore by way of equity and debt to fund growth across defence and aerospace and renewable energy sectors, the meeting reflected unity of purpose, renewed vigour and a shared resolve to deliver long-term value for stakeholders," the group said in a press statement. The two listed firms in separate statements earlier in the day stated that the action by ED has concluded and that the company and its officials have fully cooperated with the authority. "Action by ED has no impact on business operations, financial performance, shareholders, employees, or any other stakeholders of the company," they said. In the statement on the leadership meeting, the group said its two listed companies -- Reliance Infrastructure and Reliance Power -- are "nearly debt-free, have net worths of Rs 14,883 crore and Rs 16,431 crore, respectively, and have 50 lakh public shareholders, one of India's largest shareholder family." The leadership meet, it said, spotlighted high-growth verticals driving the group's future strategy. Reliance Infrastructure's focus will be on defence and aerospace, which includes plans to manufacture Falcon 2000 business executive jets in India for global markets in partnership with Dassault Aviation of France, strategic partnership with US-based Coastal Mechanics to establish MRO and overhaul hub in Maharashtra, partnership with defence manufacturer Rheinmetall AG of Germany, and strengthening strategic partnership with Diehl Defence of Germany for guided munition/terminally guided munition (TGM). The "aim (is) to rank among India's top three defence exporters -- strong commitment to the Indian defence markets and ' Make in India ' and 'Atmanirbhar' initiative of the Government of India," it said. In the power business, its electricity distribution utility BSES that services more than 53 lakh households, covering two-thirds population in Delhi, will focus on continued excellence in smart, sustainable power delivery and sourcing clean green energy for Delhi in the next five years. In the renewable energy space, the group is focusing on solar and battery storage. Reliance Power is focused on an operating portfolio of 5.3 GW. It has secured renewable energy projects of 3.3 GWh of solar and battery energy storage system (BESS) projects, Asia's largest solar-plus-storage project. "Pursue your goals even in the face of difficulties, and convert adversities into opportunities -- the spirit of the group's legendary and visionary founder, Padma Vibhushan late Shri Dhirubhai H Ambani, resonated throughout the discussion," the statement added. While Reliance Infrastructure also has interests in defence manufacturing and plays a key role in infrastructure development through special purpose vehicles (SPVs), including projects like the Mumbai Metro, Reliance Power has a total installed capacity of 5,305 MW, including the 4,000 MW ultra mega power project in Sasan, Madhya Pradesh.
Time of India
a day ago
- Automotive
- Time of India
Sotefin Bharat plans ₹80 crore IPO to build parking robot unit for automated parking in Bengal
Swiss automated parking solutions major Sotefin SA's Indian subsidiary, Sotefin Bharat, on Sunday said it will hit the capital market to raise ₹80 crore to support indigenous manufacturing of robots for automated parking systems in West Bengal. The entire issue will be a fresh equity offer, with no stake dilution by the promoters or existing PE funds, a top company official said. "We are in the process of launching an IPO, which will help us become Atmanirbhar in the production of robots used in automated parking systems. The robot manufacturing facility will require around ₹40 crore, while the remaining ₹40 crore will be largely used for debt reduction and enhancing working capital to undertake larger projects," Sotefin Bharat Managing Director & CEO Arup Choudhuri told PTI. The company has announced a new manufacturing facility at Bagnan in West Bengal's Howrah district, entailing an investment of approximately ₹40 crore. Once fully operational with in-house robotic manufacturing capabilities, the state-of-the-art plant is expected to create over 100 jobs and significantly boost Sotefin Bharat's production capacity, Choudhuri said. The facility is projected to support the creation of over 10,000 automated car parks or 25 automated parking projects per year, he added. The equity structure of the company is evenly held by two Indian promoters-Arup Choudhuri and Jignesh Sanghvi-Swiss partner Sotefin SA, and a clutch of PE funds, each holding 25 per cent. Post IPO, the fresh issue will dilute all existing promoter holdings by 6.25 per cent, taking public shareholding to nearly 25-26 per cent, Choudhuri said. The listing will also help unlock value, and the company is currently working with merchant bankers to prepare the Draft Red Herring Prospectus (DRHP), which is expected to be filed with the regulator within a month. The company has also started exporting its systems to the US and Dubai, officials said. "Our order book currently stands at ₹1,000 crore, which should support a 50-60 per cent growth over the next 3-4 years," said Executive Director Jignesh Sanghvi.
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Business Standard
2 days ago
- Automotive
- Business Standard
Sotefin Bharat plans ₹80 cr IPO to build parking robot unit in West Bengal
Swiss automated parking solutions major Sotefin SA's Indian subsidiary, Sotefin Bharat, on Sunday said it will hit the capital market to raise ₹80 crore to support indigenous manufacturing of robots for automated parking systems in West Bengal. The entire issue will be a fresh equity offer, with no stake dilution by the promoters or existing PE funds, a top company official said. "We are in the process of launching an IPO, which will help us become Atmanirbhar in the production of robots used in automated parking systems. The robot manufacturing facility will require around Rs 40 crore, while the remaining Rs 40 crore will be largely used for debt reduction and enhancing working capital to undertake larger projects," Sotefin Bharat Managing Director & CEO Arup Choudhuri told PTI. The company has announced a new manufacturing facility at Bagnan in West Bengal's Howrah district, entailing an investment of approximately ₹40 crore. Once fully operational with in-house robotic manufacturing capabilities, the state-of-the-art plant is expected to create over 100 jobs and significantly boost Sotefin Bharat's production capacity, Choudhuri said. The facility is projected to support the creation of over 10,000 automated car parks or 25 automated parking projects per year, he added. The equity structure of the company is evenly held by two Indian promotersArup Choudhuri and Jignesh SanghviSwiss partner Sotefin SA, and a clutch of PE funds, each holding 25 per cent. Post IPO, the fresh issue will dilute all existing promoter holdings by 6.25 per cent, taking public shareholding to nearly 25-26 per cent, Choudhuri said. The listing will also help unlock value, and the company is currently working with merchant bankers to prepare the Draft Red Herring Prospectus (DRHP), which is expected to be filed with the regulator within a month. The company has also started exporting its systems to the US and Dubai, officials said. "Our order book currently stands at Rs 1,000 crore, which should support a 5060 per cent growth over the next 34 years," said Executive Director Jignesh Sanghvi.
Economic Times
27-06-2025
- Business
- Economic Times
Looking for narrative stocks? These four themes look promising: Anand Radhakrishnan
Live Events You Might Also Like: Expect positive trend as benefits of rate cuts & consumption boost trickle down: Anand Radhakrishnan You Might Also Like: FIIs to return in a big way post BTA with US; IT a big pick for next 18 months: Sunil Subramaniam (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel , MD,, says Indian markets show interesting trends. Sustainability efforts gain traction. Manufacturing , especially defence, sees strength. Premium goods and services experience rising demand. Technology-based disruption companies emerge in logistics, e-commerce and fintech. These new-age companies show volatility. But some establish strong market presence. Sustainability, premiumization , manufacturing, and technology disruption offer opportunities. These four themes look promising for the currently there are multiple themes in the market. One is on the sustainability theme where not only in India, but globally, there has been a concerted effort to push towards decarbonization, alternate energy, electrification, recycling, etc. In India also, some of the companies which have been engaged in these spaces generally have got some tailwind. Though at the margin we have seen some moderation in the global push towards sustainability because of various policy issues globally, we have seen that in the domestic market there is a reasonable continued tailwind on are other themes also which have been currently focused. One is on the manufacturing side; we have seen defence being a subset of the Atmanirbhar or Make for India theme. We have seen reasonable strength. The companies have been declaring good numbers on the manufacturing side, be it the industrial goods companies as well as defence manufacturing companies. Some of the companies that supply ancillaries and equipment to railways, have been declaring good numbers and have healthy order books. That theme continues to remain fairly third theme which we feel is gaining a little bit momentum is the so-called premiumization trend. As the income levels go up, the demand for goods and services especially on the premium end of the market has been going up – be it in automobiles, financial services, wealth management, apparel, retailing system, in short multiple sectors. The companies that are engaged in the manufacturing and the delivery of premium goods and premium services have been trending at a faster growth rate and that is why the companies are less volatile, their earnings more resilient and provide very good multi-year growth the fourth trend which we see in the market is the technology-based disruption companies, like Eternal, Swiggy, Policybazaar, etc. We also expect more companies in logistics, delivery systems, e-commerce, fintech, food tech and healthcare technology. Though some of these new-age companies tend to be more volatile, there is a lot of uncertainty around their profitability, the business models are nascent and evolving but some of them are pretty strong and have established a moat and footprint in the marketplace. So, we would remain very constructive. A combination of all these four themes, sustainability, premiumization, manufacturing, and technology-based disruption look pretty interesting as the markets stand the earnings growth is little healthier as we go down the cap curve and largecap companies declared earnings growth are less than the mid and small-sized earnings growth. So, to that extent, one can justify a growth-led premium as we go down the cap curve. But growth is not the only reason why stock should value, there are stabilities, qualities, capital efficiency, transparency, there are many issues where we still have to justify why we should pay a significant premium to small we go down, while the growth gets more interesting, the valuations make it a very tight rope walk for us and therefore, we need to trade off between good growth companies which are valued very richly and moderate growth companies that are valued a lot more moderately in the marketplace. Yes, we are sacrificing growth for some margin of safety, but from a portfolio perspective, that is a very tricky trade off fund managers have to make while they are investing down the cap the largecap, we do see pockets of dull growth. For example, IT companies have been growing at low single digits and the visibility seems to be still very challenging for them. Some of the commodity companies continue to be volatile in earnings and there is no clear trend on global commodity prices which makes it tough for one to allocate big money. Similarly, the utility companies are little bit low growth. So, within the basket of largecaps, the proportion of moderately growing companies is very high whereas in the mid and small-sized stocks, we see the breadth being pretty healthy, more point on valuation is growth-led valuation, and the other is liquidity-led valuation. As we speak today, the mid and smalls-sized companies seem to be predominantly supported by the domestic investors, not so much by the foreign institutional investors per se. We need to be a little careful and watchful of the domestic liquidity conditions.
