Latest news with #Baroda-based
Mint
12-06-2025
- Business
- Mint
As India switches gears to renewable energy, these five switchgear stocks may benefit
Renewable energy generation in India is on the rise, which in turn is raising demand for switchgear and switchboard parts to support grid infrastructure. Switchgear plays a crucial role in controlling, protecting and isolating electrical equipment to ensure that electricity is distributed safely and efficiently. Increasing demand for smart switchgear is an upcoming trend in the market, and investors are looking for opportunities for long-term gains. Here are five switchgear stocks to watch in 2025. These have been filtered using Equitymaster's powerful stock screener – best switchgear stocks in India. #1 CG Power & Industrial Solutions Headquartered in Mumbai, CG Power is an 86-year-old engineering conglomerate and a leader in the electrical engineering industry. It has two business lines—industrial systems and power systems. The company provides a comprehensive array of switchgear products. Its product portfolio includes: These are crucial components for power distribution, protection, and control in the industrial, commercial, and utility sectors. Also read: As India looks to attract global EV makers, these five companies could win big The company plans a capacity expansion of switchgears (Nashik) for ₹155 crore. The board has also approved a greenfield expansion for 45,000 mega volt-amperes (MVA) of power transformer capacity for ₹712 crore, which would increase its overall capacity to 85,000 MVA by FY28. In the MV switchgear business, the company expanded its presence in the metro segment by securing a 33kV AIS order for projects in Bhopal, Indore, and Agra. It operates world-class switchgear manufacturing facilities at Nashik and Aurangabad in Maharashtra. Revenue increased at a compounded annual growth rate (CAGR) of 39.5% over the past three years, while net profit has grown slowly since FY22. The company maintained strong financial health, with an average return on equity (RoE) of 45.9% and return on capital employed (RoCE) of 53.8%. #2 GE Vernova T&D India GE T&D is the listed entity of GE's Grid Solutions business in India. It builds power transmission and distribution infrastructure, and has a product portfolio comprising the entire range of transmission equipment up to EHV (765 kV and beyond), including AIS and locally manufactured power transformers and GIS. The company offers products for the power industry, including power transformers, circuit breakers, switchgear, instrument transformers, substation automation equipment, digital software solutions and more. It manufactures electricity distribution and control apparatus for switching or protecting electrical circuits – switches, fuses, voltage limiters, surge suppressors, junction boxes, etc. This contributes 23.7% of the company's revenue. Revenue has been flat over the past three years, while the company recorded a strong bottom line in 2024 after a bout of losses. It has an average RoE of 4.9% and RoCE of 10.6%. #3 Voltamp Transformers Voltamp Transformers is a Baroda-based company that primarily manufactures various types of oil-filled power & distribution transformers of various classes. It has two main business segments: Its clients include companies in the power, oil refinery, textile, chemical, real estate, automobile, infrastructure, and steel sectors. These include Larsen & Toubro, TECHNIP, Thyssenkrupp, Toyo, Petrofac, Engineers India, Tata Projects, Thermax, Siemens, ABB, GE and Hitachi. The company has four manufacturing facilities in Gujarat with a total installed capacity of 14,000 MVA. Also read: Five shipbuilding stocks to watch as India strengthens ties with Japan Revenue increased at a CAGR of 32.7% over the past three years, while net profit grew at a CAGR of 39.9%. The company has maintained strong financial health, with an average RoE of 18.3% and RoCE of 23.9%. #4 HPL Electric & Power The companyis a leading electrical equipment manufacturer in India, with a significant presence in five product verticals – metering solutions, modular switches, switchgears, LED lighting, and wires& cables. It is the largest manufacturer of on-load change-over switches, with a50%market share in India. It also has a 20% sharein domestic electric meters, and 5% in LV switchgear. The company has seven manufacturing facilities in Gurugram, Jabli, Kundli & has an order book of more than ₹3,500 crore as of 20 May. Revenue grew 16.39% and domestic switchgear grew 16% in FY25. Revenue grew at a CAGR of 18.6% over the past three years, while net profit grew at a CAGR of 63.3%. The company maintained strong financial health, with an average RoE of 3.4% and RoCE of 13.9%. #5 RMC Switchgears Incorporated in 1994, RMC Switchgears is in the business of switchgear engineering and early contractor involvement (ECI) contracts for the power distribution/transmission sector. Its manufacturing facilities are located at Badodiya, with an installed production capacity of 36,000 MT. RMC Switchgears caters to diverse industries including railways, electrical, utility, aerospace, automotive, roads & highways, oil & gas, chemical processing, and cooling towers. The company is developing innovative products such as advanced metering infrastructure and distributed automation systems. These are designed to minimise transmission losses and enhance the efficiency of India's evolving electrical infrastructure. It is also focusing on products such as smart meter enclosures and distribution boxes for various transformers. Revenue grew at a CAGR of 57.2% over the past three years, while net profit grew at a CAGR of 221.1%. The company has maintained strong financial health, with an average RoE of 17.5% and RoCE of 27.9%. Also read: Top 5 precision engineering stocks in India to add to your watchlist Conclusion Switchgear companies play a critical role in India's energy transition, electrification push, and infrastructure upgrades. Investors could consider these stocks based on the company's market position, scalability, and future growth. It's important, however, to keep in mind the risks of margin volatility, policy execution, and competitive differentiation. Thorough research on financials and corporate governance is vital before making any investment decisions to ensure they align with your financial goals and risk appetite. Happy investing! Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
Time of India
24-05-2025
- Politics
- Time of India
Gujarat's son-in-law awarded Shaurya Chakra
Vadodara: Close on the heels of "Gujarat's daughter" Col Sofiya Qureshi emerging as the face of , now a son-in-law of the state has made us proud. As President Droupadi Murmu honoured soldiers at the Rashtrapati Bhavan on Thursday, the Baroda-based Tiwari family was beaming with pride. Tired of too many ads? go ad free now Lt Col C V S Nikhil, who was awarded the Shaurya Chakra, one of India's highest peacetime gallantry awards, is married to Barodian Namrata Tiwari, the daughter of retired Professor K C Tiwari of MS University's Faculty of Science. Lt Col CVS Nikhil, as a major of 21 Para (Special Forces) led a team near the Indo-Myanmar border, eliminated two insurgent cadres, including a high-priority target in Nov 2023, the citation from the defence ministry states. "It is certainly a matter of pride for all of us in the family and a big moment for all," said Professor Tiwari, 69, a retired teacher from the Geology department of MSU's Faculty of Science, who is currently in the United States. "On Nov 23, 2023, Major C V S Nikhil ... displayed remarkable leadership and bravery. Using precise intelligence, he orchestrated a strategic ambush to intercept insurgents attempting to infiltrate Indian territory," the citation adds. "Despite facing intense enemy fire, Major Nikhil and his scout successfully engaged and trapped the armed insurgents. His exceptional marksmanship and tactical skills led to the elimination of two insurgent cadres, including a high-priority target. Major Nikhil's actions effectively neutralized the threat and demonstrated outstanding operational competence," it further reads. Hyderabad-born Nikhil married Namrata Tiwari in 2016. Tired of too many ads? go ad free now Nikhil lost his civil surgeon father at a very young age, and since then was raised by his mother, Dr Laxmi Pinni, a gynaecologist. There are moments when the family gets concerned. "In fact, just before his engagement with Namrata, he was part of a major operation. There is always a risk involved, but he has undergone rigorous training," said Tiwari. -- Wife works to uplift weavers, Yak herders Vadodara: While Lt Col C V S Nikhil won laurels in counter-insurgency operations, his wife Namrata has several accomplishments to her credit too. Baroda-born Namrata, who completed her schooling from Baroda High School, Alkapuri, and finished her BSc in dashion designing from MS University's Faculty of Family and Community Sciences, completed her masters in apparel designing and merchandising from the National Institute of Design, Ahmedabad. After her second masters in sustainable livelihoods from the Paris College of Arts, she currently works closely with herders and weavers in four community-conserved villages of Western Arunachal Pradesh. Her mission is to incentivise the use of yak fibre and popularize heritage weaving techniques to create additional income opportunities for weavers and the yak herding Brokpas of the Monpa community. To her credit, she was adjudged a top eight finalist at the Fashion Values Challenge by the Centre for Sustainable Fashion, UK, in 2022, bagged the People's Choice Award in the same year under the Innovation Readiness Program of UN SDSN Youth Solutions, and last year emerged as a top performer in the Women Startup Programme at NSRCEL, the startup incubator of IIM Bangalore. MSID:: 121365056 413 |
The Hindu
22-05-2025
- Entertainment
- The Hindu
Cultivate Art brings the Young Collectors Weekend Global to Bengaluru for the first time
Founded in 2017, Mumbai-based Cultivate Art aims to bridge the gap between young art collectors and artists. Their latest art exhibition, Young Collectors Weekend Global, comes to Bengaluru for the first time ever. The show will be launched on May 22, and introduce the works of 18 emerging artists to art lovers in the city. 'Young Collectors Weekend Global is not a traditional group show that is curated on a particular theme,' says Farah Siddiqui, founder of Cultivate Arts. 'It is an amalgamation of art, where we consciously bring in different artists whose works are vastly different from each other. Visitors can expect textile and ceramic art, sculptures in terracotta and clay, as well as watercolours and other paintings.' . Curated by independent art critic and writer Girish Shahane, Young Collectors Weekend Global 2025 will feature sculptor artist, Harsha Durugadda, installation artist, Sareena Khemka, miniature-style painter Divya Pamnani and multidisciplinary artist Raka Panda. Other featured artists include, ceramic and cartography artist, Rewati Shahani, mixed media painter KP Pradeep Kumar, textile and ceramic artist Aninda Varma, indigo textile artist Hansika Sharma, ceramicist and paper sculptor, Mansie Shah, conceptual artist Megha Madan, fusion painter Rajnish Channesh, watercolourist Ahalya Rajendran, sculptor Richa Arya, printmaker Zarrin Fatima Shamsi, visual artists, Anni Kumari and Amjum Rizve, Baroda-based artist, Ahalya Rajendran, and multidisciplinary artist Meera. 'We have seen the work of these artists over the years and believe they should be exposed to collectors. We do not work in isolation but believe in collaboration and building the art market,' says Farah. 'The show is open to everyone because we want to meet more people, observe their tastes and have conversations with them about contemporary art,' she says. The exhibition will include guided walks and a panel discussion with art collectors, Manju Sara Rajan, Abhinit Khanna and Arjun Agarwal on May 23. 'They are all collectors with differing perspectives and it will be interesting to see their view on the works of art and their personal engagement with culture.' Initiated in 2020, the Young Collectors Weekend Global has been hosted previously in Delhi and Mumbai. 'This year, we wanted to bring it to Bengaluru because the South has its own cultural sensitivity through its dance, theatre and music forms. Many of our best artists are from the South and we wanted this curation to help us understand the collectors and artists in this city.' Cultivate Art was founded in 2017, Farah says, with a mission to discover talented artists and expose them to new audiences both through online and offline initiatives to expand their accessibility. With this new permanent space inside Abstract Art Gallery, Farah hopes to bring more curations to the city this year. Young Collectors Weekend Global is at the Abstract Art Gallery, Cunningham Road, from May 22 to June 5. Entry free. For more details, call 9820602823 or follow cultivateartglobal on social media.
Hindustan Times
06-05-2025
- Sport
- Hindustan Times
Former Mumbai Indians cricketer, who is Hardik Pandya's Baroda teammate, arrested on rape charges
Former Mumbai Indians cricketer Shivalik Sharma, on Monday, was arrested on charges of rape, according to multiple media reports. The 26-year-old, who plays for Baroda and is a teammate of the Pandya brothers - Krunal and Hardik - was arrested by Rajasthan Police and taken into custody. According to reports, Shivalik was brought to the court and then sent to judicial custody after a woman, who was in a relationship with the cricketer, filed a complaint at the Kudi Bhagatsani police station in Jodhpur. She alleged Shivalik engaged in physical relations with her under the false pretext of marriage. The report also added that the two had met in Vadodara two winters ago, after which they developed a close relationship and have since been in touch over the phone. The Baroda-based cricketer is a left-handed batting all-rounder. He made his debut for the domestic side in 2018 and represented the team in 18 first-class matches, scoring 1,087 runs. Shivalik also featured in 13 List A games and 19 T20s, scoring 322 runs and 349 runs, respectively. With his legbreak googly variety, he has picked three wickets in all domestic appearances. Shivalik was last seen in competitive action earlier this year in January during Baroda's Ranji Trophy campaign. Shivalik was picked by the Mumbai Indians at the IPL auction ahead of the 2023 season for a base price of INR 20 lakh but failed to make an appearance. The franchise released him ahead of the mega auction last November.
Time of India
22-04-2025
- Entertainment
- Time of India
‘Jati rehje' gets legal shield: Comedian Manan Desai secures copyright on signature phrase
Vadodara: 'Jati rehje'—a phrase meaning "leave at once" in Gujarati—has become one of the most recognizable catchphrases in Gujarat. But if you plan to use it commercially in the distinctive accent and style of stand-up comedian Manan Desai, think again—you might end up facing a copyright lawsuit. Tired of too many ads? go ad free now Baroda-based comedian Manan Desai, co-founder of The Comedy Factory, has become possibly the first stand-up comic in India to obtain a sound-recording copyright for a signature catchphrase that consistently draws roaring applause from his audience. "I've used 'jati rehje' for years without giving it much thought. But over time, the phrase gained massive popularity. Audiences began cheering for it, so I started incorporating it more frequently," Desai told TOI. However, as the phrase gained traction, Desai noticed others mimicking not just the words but his unique delivery as well. "That's when I decided to copyright it," said the 37-year-old comedian. "I even have a popular stand-up act named 'Jati Rehje'. I don't want others imitating my style and profiting from it. Someone in the US even put the phrase on a car number plate! While that was flattering, I felt the need to protect what I created." Desai emphasized that he wants to prevent large production houses from commercially using the phrase in his distinctive style. "I have big plans for 'jati rehje'—including songs—so protecting it was necessary." Intellectual property rights expert advocate Yash Suryawala, who assisted Desai in the process, explained the legal move: "We secured a sound-recording copyright so no one can use or mimic the phrase in Desai's unique tone and style. Anyone wishing to use it must obtain permission or a license. It takes immense effort to build a brand, and artists must safeguard their creations."
