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Stocks to watch: Maruti Suzuki, Hyundai Motor, Raymond Realty, Lupin among shares in focus today
Stocks to watch: Maruti Suzuki, Hyundai Motor, Raymond Realty, Lupin among shares in focus today

Mint

timea day ago

  • Automotive
  • Mint

Stocks to watch: Maruti Suzuki, Hyundai Motor, Raymond Realty, Lupin among shares in focus today

The company reported a 6% year-on-year decline in total sales for June, with sales falling to 167,993 units compared to 179,228 units in June 2024. Hyundai Motor India recorded a 13% year-on-year increase in exports, with overseas shipments accounting for 26.7% of its total sales in the first quarter of FY2026. SBI Cards announced that it has received a show cause notice from the Additional Commissioner (East 1) of CGST Gurugram, which proposes to deny input tax credit (ITC) worth ₹ 81.93 crore. Hero MotoCorp recorded total sales of 5.54 lakh units in June 2025, reflecting a 10% increase compared to the 5.03 lakh units sold in the same month last year. Norges Bank offloaded shares worth ₹ 41.5 crore in the company, while the parent entity was also involved in a flurry of deals totaling ₹ 221 crore. JSW Renew Energy Thirty Seven, a subsidiary of JSW Energy, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) for a standalone Battery Energy Storage System (BESS) with a capacity of 250 MW/500 MWh. Nodwin Gaming, a subsidiary of Nazara Technologies, has finalized the acquisition of a 92.3% ownership stake in AFK Gaming Pvt Ltd. The company has been issued a show cause notice by the CGST Commissionerate in Ludhiana over alleged tax dues totaling ₹ 51.87 crore. Lupin has secured approval from the US FDA for its loteprednol etabonate ophthalmic gel, a medication used after eye surgery. The company delivered robust results in the first quarter of FY2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Cummins India launches Battery Energy Storage Systems to support clean energy transition
Cummins India launches Battery Energy Storage Systems to support clean energy transition

Business Upturn

time7 days ago

  • Business
  • Business Upturn

Cummins India launches Battery Energy Storage Systems to support clean energy transition

By Aman Shukla Published on June 26, 2025, 11:54 IST Cummins India Limited has unveiled its advanced Battery Energy Storage Systems (BESS), marking a significant step in its commitment to sustainability through the Destination Zero strategy. This latest offering enhances Cummins' clean energy portfolio and supports India's push toward a greener, more reliable power infrastructure. The newly launched BESS solutions are designed to facilitate the smooth integration of renewable energy sources such as solar and wind into existing power systems. These solutions aim to address the energy demands of key sectors like manufacturing, data centers, commercial real estate, and mining, helping them manage peak loads and reduce energy costs through intelligent energy shifting and storage. Cummins' BESS units come in modular and scalable containerized formats, delivering energy outputs between 200kWh to 2MWh. These systems feature lithium ferrophosphate (LFP) batteries, known for safety, longevity, and performance. An integrated liquid cooling system enhances battery efficiency, while global safety certifications and a robust fire protection setup ensure dependable operation. With plug-and-play capabilities, these energy storage units are easy to deploy and transport, making them a practical solution for both urban and remote applications. Backed by Cummins' trusted service network, the BESS offering provides reliable performance and long-term support. As India accelerates its transition to renewable power, Cummins' latest energy storage systems position the company at the forefront of sustainable energy innovation, empowering industries to embrace cleaner, cost-effective power solutions. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

NLC India's renewable arm wins 500 MWh battery energy storage project in Tamil Nadu
NLC India's renewable arm wins 500 MWh battery energy storage project in Tamil Nadu

Canada News.Net

time23-06-2025

  • Business
  • Canada News.Net

NLC India's renewable arm wins 500 MWh battery energy storage project in Tamil Nadu

New Delhi [India], June 22 (ANI): NLC India Renewables Limited, a wholly owned subsidiary of NLC India Limited -- a Navratna PSU under the Ministry of Coal -- has been awarded a landmark 500 MWh Battery Energy Storage System (BESS) project by Tamil Nadu Green Energy Corporation Limited (TNGECL). The award comprises the development of three standalone BESS projects with a combined capacity of 250 MW / 500 MWh, to be established at: 400/230/110 kV Ottapidaram Substation; 400/230/110 kV Annpankulam Substation; and 400/230/110 kV Kayathar Substation, all in Tamil Nadu. According to a company statement, the projects will be executed under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process under the State Component of the Viability Gap Funding (VGF) scheme. NLC India Limited was the first Central Public Sector Undertaking (CPSU) to commission an 8 MWh Battery Energy Storage System (BESS) at Andaman, integrated with a 20 MW solar power project. This pioneering initiative has significantly contributed to reducing diesel consumption on the island, enhancing energy reliability, and supporting the region's transition to clean, green power. Under the current tender agreement, Tamil Nadu Power Distribution Corporation Limited (TNPDCL) will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for 12 years, the company statement added. This is the first large-scale BESS project to be undertaken by NLCIL and marks a major milestone in India's transition towards clean, dispatchable, and flexible power systems. It will help Tamil Nadu DISCOM: manage peak power demand efficiently; ensure grid stability and reliability; integrate intermittent renewable energy like solar and wind into the grid; and enable the shift from fossil-dominated systems to clean and responsive energy solutions. This achievement takes NLCIL a step closer to its strategic vision of achieving 10 GW renewable capacity by 2030. Prasanna Kumar Motupalli, CMD, NLC India Limited, stated: 'This landmark project is a testament to NLCIL's evolution from a lignite-based PSU to a leader in India's clean energy transformation. The award of the 500 MWh BESS from TNGECL positions us at the forefront of energy storage innovation in the country. We remain committed to building a sustainable and flexible power ecosystem that supports India's decarbonisation goals.' India meets a sizable portion of its energy needs through fossil fuels, and various renewable energy sources, are seen as an avenue to reduce dependence on conventional sources of power. Green energy for climate mitigation is not just a focus area for India; it has gained momentum globally. At COP26 held in 2021, India committed to an ambitious five-part 'Panchamrit' pledge. They included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India as a whole also aims to reduce the emissions intensity of GDP by 45 per cent. Finally, India commits to net-zero emissions by 2070. (ANI)

NLC India arm bags TNGECL contract to develop standalone BESS projects
NLC India arm bags TNGECL contract to develop standalone BESS projects

Time of India

time22-06-2025

  • Business
  • Time of India

NLC India arm bags TNGECL contract to develop standalone BESS projects

NLC India Ltd on Sunday said its arm has bagged a contract from Tamil Nadu Green Energy Corporation Ltd (TNGECL) for the development of standalone battery energy storage system projects. This is the first large-scale Battery Energy Storage System (BESS) project to be undertaken by NLC India Ltd (NLCIL Group). "NLC India Renewables Ltd, a wholly owned Subsidiary of NLC India Ltd, has received a Letter of Award (LoA) from Tamil Nadu Green Energy Corporation Ltd (TNGECL) for the development of three standalone Battery Energy Storage System (BESS) projects with an aggregate capacity of 250 MW/500 MWh, with complete two cycles of charging/discharging for on-demand usage," the PSU said in a filing to the BSE. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unlock full 2025 solar power in Montenegro — install, maintain, upgrade Solar Panels | Search Ads Learn More Undo The projects will be implemented under the build-own-operate model with viability gap funding support, it said. The project has been awarded through competitive bidding. Live Events NLC India Ltd reported over four-fold jump in consolidated profit to Rs 468.46 crore in the March quarter of FY25. NLC is a public sector company engaged in lignite mining and power generation. It has diversified into renewable energy and coal mining business in India and abroad.

Congress, RJD responsible for making Bihar deplorable: PM Modi in Siwan
Congress, RJD responsible for making Bihar deplorable: PM Modi in Siwan

The Hindu

time20-06-2025

  • Politics
  • The Hindu

Congress, RJD responsible for making Bihar deplorable: PM Modi in Siwan

Prime Minister Narendra Modi on Friday (June 20, 2025) slammed both the Opposition parties the Rashtriya Janata Dal and the Congress for making Bihar deplorable. 'The Nitish Kumar-led NDA government has brought Bihar back to track,' he said. This is Mr. Modi's fourth visit since January to the poll-bound Bihar, with the Assembly election due in October-November. The Prime Minister invoked the legacy of first President of India Dr. Rajendra Prasad who was born in Siwan and his contribution in making the Indian Constitution. Siwan is the place which gives power to the country, the PM said. 'Of late, I had got opportunity to meet some important leaders of the country and all leaders are impressed with fast progress of India,' he said. But I want to do more for Bihar, for every village, for every household, for every youth, he said. Mr. Modi also listed works done by the NDA government in Bihar in the last 10 years . Mr. Modi also launched 28 development projects worth more than ₹5,900 crore in Bihar's Siwan district. Mr. Modi inaugurated the new Vaishali–Deoria railway line project, built at a cost of over ₹400 crore, and flagged off a new train service on this route. Additionally, in a major boost to connectivity in north Bihar, Mr. Modi also flagged off the Vande Bharat Express between Patliputra (Patna) and Gorakhpur (Uttar Pradesh) via Muzaffarpur and Bettiah. Further promoting the 'Make in India – Make for the World' initiative, Mr. Modi flagged off a state-of-the-art locomotive built at Marhowra plant for export to the Republic of Guinea. In line with his commitment to conservation and rejuvenation of the Ganga, the PM inaugurated six Sewage Treatment Plants (STPs) under the Namami Gange project, worth over ₹1,800 crore. He also laid the foundation stone for additional water supply, sanitation and STP projects across Bihar, totaling ₹3,000 crore. In a major thrust to the energy sector, the PM laid the foundation stone for a 500 MWh Battery Energy Storage System (BESS) across 15 grid substations in the state, including those in Muzaffarpur, Motihari, Bettiah, and Siwan. Mr, Modi also handed over the first instalment to more than 53,600 beneficiaries under the Pradhan Mantri Awas Yojana–Urban (PMAY-U) and marked the Grih Pravesh ceremony for over 6,600 completed houses by handing over keys to select beneficiaries. Bihar Chief Minister Nitish Kumar, two Deputy Chief Ministers Samrat Choudhary and Vijay Kumar Sinha, Governor Arif Mohammad Khan and other senior NDA leaders were also present.

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