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By EquityPandit

EquityPandit

EquityPandit
ECONOMY

Centre Spends Rs 5,674 Cr on Computerisation of Panchayats in Bihar

The Centre has spent more than Rs 5,674 Crores on the computerisation of panchayats in Bihar. Announcing this in the Lok Sabha, Union Minister of State for Panchayati Raj Kapil Moreshwar Patil said that the amount was released under the 14th Finance Commission during 2019-20 to the gram panchayats (GPs) of Bihar for delivering essential services and other infrastructural facilities to the residents of villages.


“Since panchayat is a state subject, saturation of computerisation in the GPs is mainly the responsibility of the states. Hence, no timeline can be fixed by the ministry for saturation of computerisation in the state of Bihar. Under the Rashtriya Gram Swaraj Abhiyan (RGSA), computers for 531 GPs have been approved for Bihar. Further, the basic grants under the 15th Finance Commission can also be used by the gram panchayats for computers,” he said.

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MARKETS

Krystal Integrated Shares Soar 7% on Securing Order from Tamil Nadu Government 

Ali Waghbakriwala

Shares of Krystal Integrated Services Ltd soared 7% on Thursday, 17 April, after the company announced securing an order worth Rs 349 crore from the Tamil Nadu Government. 

In its regulatory filing, the company said that they have received an order from the Tamil Nadu Medical Service Corporation Ltd for a total consideration of Rs 349 crore. The order is for providing housekeeping and Security Services at 29 of 124 medical institutions under DME on an outsourcing basis.

The nature of the order is Facility Management Services and is for a period of 3 years. 

Krystal Integrated Services Ltd ranks among India’s top providers of integrated facility management solutions, serving a wide array of sectors, including healthcare, education, public administration (such as state government bodies and municipal corporations), airports, railways, metro systems, and retail.

The company delivers a broad portfolio of services, ranging from facility maintenance to staffing and payroll management, private security, manned guarding, and catering solutions, catering to the operational needs of diverse industries across the country.

At 3:30 pm, the shares of Krystal Integrated closed 3.17% higher at Rs 540 on NSE.

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MARKETS

Suzlon Energy Shares Gain 2% Securing Wind Energy Order 

Ali Waghbakriwala

Shares of Suzlon Energy Ltd rose by more than 2% on Thursday, 17 April, after the company announced that Sunsure Energy had awarded them a wind energy order for 100.8 megawatts (MW).

The project will be carried out in Maharashtra’s Jath area.

The company will supply 48 S120 wind turbine generators with hybrid lattice towers (HLT) with a combined capacity of 2.1 MW. According to the company, it will also supervise equipment installation, complete the project, including erection and commissioning, and provide operations and maintenance services following commissioning.

JP Chalasani, Suzlon Group’s CEO, said, “Adopting wind energy by large corporations is imperative for achieving India’s 500 GW non-fossil fuel target by 2030. Increasingly, independent power producers (IPPs) are recognising wind’s potential to make power more accessible, affordable and high quality. This transition not only supports our energy goals but also drives sustainable economic growth and innovation across the industry.”

Manish Mehta, co-founder and COO of Sunsure Energy, stated that the project broadens the company’s renewables portfolio and represents a significant milestone in the company’s goal of reaching 10 GW capacity by 2030.

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Suzlon Energy has 56.12 lakh retail shareholders with approved share capital up to Rs 2 lakh at the end of the March quarter, compared to 54.09 lakh in December last year, according to the company’s latest ownership pattern disclosed on BSE.

Retail investors currently own 25.12% of Suzlon Energy, up from 24.49% at the end of the December quarter. Foreign Portfolio Investors’ stake in Suzlon Energy remains at roughly 23%.

Nonetheless, a few domestic mutual funds in India decreased their stake in the business during the March quarter. In December, the stake was 4.44%; now, it is 4.17%.

At 1:52 pm, the shares of Suzlon Energy were trading 1.99% higher at Rs 55.42 on NSE.

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MARKETS

Tanla Platforms Shares Rally 5% on Partnership with 2 Foreign Carrier 

Ali Waghbakriwala

Shares of Tanla Platforms Ltd rallied more than 5% on Thursday, 17 April 2025, after the company announced partnering up with two foreign carriers to deploy its messaging as a platform (MaaP) for media messaging.

In its regulatory filing, the company said, “Tanla has partnered with two overseas telcos for the deployment of its Messaging as a Platform (MaaP) for rich media messaging, marking the Company’s first deployment outside of India.” 

This platform will go commercially live with both telcos in the first quarter of fiscal year 2026. 

The filing added that they did not divulge any more information at this time, stating confidentiality concerns. 

Tanla Platforms’ net profit fell 15.4% year on year (Y-o-Y) in the third quarter of fiscal year 2025. The company posted a net profit of Rs 118.5 crore, compared to Rs 140.1 crore in the same time last fiscal year. 

In Q3FY25, revenue from operations fell slightly by 0.2% to Rs 1,000.4 crore from Rs 1,002.6 crore in Q3FY24.  

Tanla Platforms Limited, a multinational communications platform as a service (CPaaS) provider, is headquartered in India. The company delivers digital communication and cloud-based messaging services to businesses throughout the world.

At 1:03 pm, the shares of Tanla Platforms were trading 1.18% higher at Rs 485.75 on NSE.

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MARKETS

Hero MotoCorp Shares Slump 3% as Production Halted

Ali Waghbakriwala

Shares of Hero MotoCorp Ltd dropped roughly 3% on 17 April after the company halted operations at four manufacturing locations.

In its regulatory filing, the company announced that production at four key manufacturing plants,  Dharuhera, Gurugram, Haridwar, and Neemrana, will be temporarily halted from 17 to 19 April 2025. This pause, attributed to a short-term supply alignment, has been strategically planned by the company.

According to the official statement, the downtime will also be utilized for essential maintenance, infrastructure upkeep, and facility improvements aimed at enhancing overall operational efficiency. Production activities are expected to resume on 21 April 2025.

Hero MotoCorp has stated that its plants in Halol and Tirupati will be open throughout this period.

The filing added, “This pause will not impact our ability to meet retail demand across domestic and international markets. Any production deferment will be efficiently recovered in the following month.”

Hero MotoCorp has retained its top position in two-wheeler retail sales for the last fiscal year, selling over 54 lakh units, despite intensifying competition in the segment, according to the latest data released by the Federation of Automobile Dealers Associations (FADA).

Honda Motorcycle & Scooter India secured the second spot with retail sales crossing 47.89 lakh units.

As per FADA, Hero MotoCorp recorded total sales of 54,45,251 units, capturing a market share of 28.84%, while Honda followed with a 25.37% share, reflecting the ongoing competition between the two major players in the industry.

At 12:23 pm, the shares of Hero MotoCorp were trading 1.46% lower at Rs 3,726.60 on NSE. 

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MARKETS

Waaree Renewable Shares Skyrocket 14% on Strong Q4 Earnings 

Ali Waghbakriwala

Shares Waaree Renewable Technologies Ltd skyrocketed 14% on 17 April after the company announced its quarterly earnings for January-March. 

The company reported an 83% year-on-year (YoY) increase in net profit to Rs 94 crore for the quarter under review compared to Rs 51 crore reported in the same quarter of the previous fiscal year. 

The revenue from operations of the company during the quarter stood at Rs 476 crore, marking a 74% YoY increase from Rs 273 crore reported in the same quarter last year. 

The earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 62.8% YoY to 122.4 crore. However, the company’s EBITDA margins contracted by 180 basis points to 25.7% in Q4FY25 compared to 27.5% in Q4FY24. 

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Waaree Renewables currently holds an unexecuted order book of 3.2 GWp, which it plans to deliver over the next 12 to 15 months. At the same time, its project bidding pipeline has grown substantially, now standing at 30 GWp.

On the Independent Power Producer (IPP) front, the company has already developed 54.82 MWp of solar power capacity and is in the process of building an additional 41.6 MWp IPP plant, expected to go live in the third quarter of FY25.

Waaree’s Operations and Maintenance (O&M) portfolio has also expanded, reaching approximately 695 MWp.

In addition, the company shared that it is actively exploring new opportunities for Engineering, Procurement, and Construction (EPC) contracts, both in India and abroad.

Waaree Renewable Technologies Limited (WRTL) operates as a subsidiary of Waaree Energies, one of the leading players in India’s renewable energy landscape.

At 11:42 am, the shares of Waaree Renewable were trading 10.87% higher at Rs 1,135.20 on NSE.

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