Latest news with #ShvetaArya
Hans India
27-06-2025
- Business
- Hans India
Cummins India Limited Launches Battery Energy Storage Systems to Power India's Clean Energy Transition
Cummins India Limited ('Cummins'), one of the leading power solutions technology providers, today announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturing, data centers, commercial realty, and mining. These systems enable seamless integration of clean, renewable, and intermittent energy sources like solar and wind with the existing power infrastructure. This ensures that customers can maximize renewable energy use and optimize energy costs through peak shaving and energy shifting. Commenting on the launch, Shveta Arya, Managing Director, Cummins India Limited, said, 'India's energy mix is undergoing a significant transformation, driven by ambitious climate commitments, rapid adoption of renewables, and a national focus on clean and inclusive growth. At Cummins, we recognize this pivotal moment as an opportunity to innovate with purpose. Our Battery Energy Storage System (BESS) is a crucial enabler in this transition. It offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow. Through this launch, we are proud to support India's journey towards net-zero emissions by 2070 and power possibilities for generations to come.' Echoing this strategic vision, Pankaj Kapoor, Vice President, Distribution Business, Cummins India Limited, said, 'As the demand for reliable power continues to grow across industries, customers are increasingly seeking smarter ways to manage energy costs and improve power quality. Backed by our global expertise, Cummins' BESS solutions are built to address these evolving needs while supporting our customer's sustainability goals. With the added assurance of our world-class service and support network, we remain committed to delivering dependable energy solutions that empower long-term success.' Key Features of Cummins BESS are: Modular and scalable designs: Cummins BESS products are available in two 10ft and 20ft containers delivering energy outputs ranging from 200kWh to 2MWh. The system features an optimized footprint with high energy density and complete AC output integration that can be easily scaled to meet varied energy requirements. Advanced battery technology : Built on proven lithium ferrophosphate (LFP) batteries, known for high cycle life, safety, and reduced risk of thermal runaway. Efficient thermal management: An integrated liquid cooling system ensures optimal battery temperature, improving performance and extending battery life. Global safety certifications: Cummins BESS is certified to meet the world's most stringent operational and safety standards and is equipped with a comprehensive three-tier fire safety system for added protection and peace of mind. Plug-and-play functionality: The products are fully self-contained with plug-and-play functionality, for easy transportation, quick installation and flexible deployment. Cummins assurance: The products are backed by our world-class service and support network, ensuring reliable performance and long-term customer support. The launch of BESS reinforces Cummins India's commitment to advance decarbonization through innovative and reliable power solution technologies. To learn more about Cummins Power Generation BESS solutions, visit Battery Energy Storage Systems.
Business Standard
26-06-2025
- Business
- Business Standard
Cummins India launches its Battery Energy Storage Systems products
Cummins India announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturing, data centers, commercial realty, and mining. These systems enable seamless integration of clean, renewable, and intermittent energy sources like solar and wind with the existing power infrastructure. This ensures that customers can maximize renewable energy use and optimize energy costs through peak shaving and energy shifting. Commenting on the launch, Shveta Arya, Managing Director, Cummins India Limited, said, India's energy mix is undergoing a significant transformation, driven by ambitious climate commitments, rapid adoption of renewables, and a national focus on clean and inclusive growth. At Cummins, we recognize this pivotal moment as an opportunity to innovate with purpose. Our Battery Energy Storage System (BESS) is a crucial enabler in this transition. It offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow. Through this launch, we are proud to support India's journey towards net-zero emissions by 2070 and power possibilities for generations to come.
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Business Standard
26-06-2025
- Business
- Business Standard
Cummins India shares rise on launching battery energy storage systems
Shares of Cummins India rose over 2 per cent on Thursday after it launched Battery Energy Storage Systems (BESS) in line with the company's 'Destination Zero' strategy. The diesel and natural gas engines maker's stock rose as much as 2.1 per cent during the day to ₹3,388.6 per share. The stock pared gains to trade 1.8 per cent higher at ₹3,389 apiece, compared to a 0.52 per cent advance in Nifty 50 as of 12:50 PM. Shares of the company have gained for the third straight session. The counter has risen 3.3 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. Cummins India has a total market capitalisation of ₹93,811.41 crore, according to BSE data. Track LIVE Stock Market Updates Here Cummins India Launches BESS The company launched its battery energy storage systems, expanding its sustainable solutions portfolio under the company's 'Destination Zero' strategy, according to an exchange filing on Thursday. "This system is designed to support India's clean energy transition and strengthen the reliability of the country's power infrastructure," it said. BESS technology enables integration of renewable and intermittent energy sources like solar and wind with existing infrastructure, providing benefits such as peak shaving, energy shifting, and optimised energy costs. It is expected to find strong demand across industries such as manufacturing, data centres, real estate, and mining, the company said in the statement. India's energy landscape is undergoing a major shift, driven by climate goals and growing renewable adoption, Shveta Arya, managing director of Cummins India, said. 'Our BESS offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow,' she said, adding that the solution aligns with India's net-zero ambitions for 2070 and underscores Cummins' commitment to purposeful innovation. Cummins India Q4 result 2025 In the quarter ended March 31, 2025, the company posted a consolidated net profit of ₹529.5 crore as against ₹538.86 crore a year ago, down 2 per cent. Its revenue from operations stood at ₹2,470.38 crore as compared to ₹2,319.02 crore a year ago, up 6.5 per cent. About Cummins India Cummins India is a power solutions provider in the country. It is involved in the power generation, aftermarket, and export businesses. The company has a strong manufacturing backbone and has five manufacturing plants, assembly, and distribution facilities. With over 480 customer touchpoints, the company is committed to powering the success of its customers and ensuring that its services and solutions are readily accessible.
Business Standard
29-05-2025
- Business
- Business Standard
Cummins India records 7% YoY drop in Q4 PAT; crosses Rs 10,000 crore annual revenue mark
Cummins India has reported 7% fall in standalone net profit to Rs 521 crore on a 6% rise in total sales to Rs 2,414 crore in Q4 FY25 as compared with Q4 FY24. Domestic sales added up to Rs 1,935 crore (up 1% YoY) and export sales aggregated to Rs 479 crore (up 39% YoY) for the period under review. Total operating expenditure for Q4 FY25 was Rs 1,937.22 crore, up 9.3% YoY. PBIDT decreased by 2.3% to Rs 731.58 crore in the fourth quarter from Rs 748.74 crore recorded in the same period last year. PBIDT margin was 30.3% in Q4 FY25 as against 33.01% in Q4 FY24. Profit before tax in Q4 FY25 stood at Rs 681 crore, which is lower by 3% compared to the same quarter last year. For FY25, Cummins India has registered a standalone net profit of Rs 1,906 crore (up 15% YoY) and total sales of Rs 10,166 crore (up 15% YoY). Shveta Arya, managing director, Cummins India, said: "I am delighted to announce that Cummins India Limited crossed a milestone of ₹10,000 Cr. annual revenue while maintaining its profit margins. We have also witnessed partial recovery in export demand, driven by our sustained efforts in collaborating with trade partners to stimulate growth across key end markets. We are hopeful that this positive trend will continue. While the geopolitical tensions have eased partially, the impact of global tax and trade policies on economic situation is still undetermined in the near to mid-term future. We believe that despite this uncertainty, India is on the path to sustained economic growth considering strong domestic demand and stable export demand." Cummins India is one of the leading power solutions providers in the country. The company is involved in the power generation, aftermarket, and export businesses. The scrip jumped 5.79% to currently trade at Rs 3149.70 on the BSE.
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Business Standard
29-05-2025
- Business
- Business Standard
Cummins India rises 7% after posting Q4 results; Why is stock in demand?
Cummins India share price rose 7.3 per cent in trade on Thursday, May 27, 2025, logging an intraday high at ₹3,195 per share on BSE. The stock was in demand after the company released its Q4FY25 results. At 1:19 PM, Cummins India shares were up 6.78 per cent at ₹3,179.2 per share on the BSE. In comparison, the BSE Sensex was down 0.02 per cent at 81,327.41. The market capitalisation of the company stood at ₹88,127.42 crore. The 52-week high of the stock was at ₹4,169.5 per share and the 52-week low of the stock was at ₹2,594.75 per share. Cummins India Q4 result 2025 The diesel and natural gas engines manufacturer reported its Q4 results on Wednesday, after market hours. In the quarter ended March 31, 2025, the company posted a consolidated net profit of ₹529.5 crore as against ₹538.86 crore a year ago, down 2 per cent. Its revenue from operations stood at ₹2,470.38 crore as compared to ₹2,319.02 crore a year ago, up 6.5 per cent. According to Shveta Arya, managing director, Cummins India, the company crossed a milestone of ₹10,000 crore annual revenue while maintaining its profit margins. Also Read She added: While the geopolitical tensions have eased partially, the impact of global tax and trade policies on economic situation is still undetermined in the near to mid-term future. The company's focus will remain on executing a disciplined and profitable growth strategy. With access to the latest technology, a reputable brand, a wide range of superior products, and top-notch manufacturing capabilities, the company is well-positioned for sustainable growth. The company's financial strength and liquidity enable it to strategically navigate opportunities and promote long-term growth. About Cummins India Cummins India Limited is a power solutions provider in the country. The company is involved in the power generation, aftermarket, and export businesses. The company has a strong manufacturing backbone and has five state-of-the-art manufacturing plants, assembly, and distribution facilities. With over 480 customer touchpoints, the company is committed to powering the success of its customers and ensuring that its services and solutions are readily accessible.
