Waaree Energies' largest investment of around Rs 8,000 crore will be directed towards scaling up the lithium-ion advanced chemistry storage cell and battery energy storage systems (BESS) plant from 3.5 GWh to 20 GWh.
The car maker has said in the past that it is preparing for an increased competitive intensity in India's automotive space, which will improve the manufacturing standard as well as expand the market.
The Indian arm of the South Korean carmaker will be making investments towards capacity expansion, product and platform development, new launches, etc.
SpiceJet's settlement with with lessors under BBAM comes amid the airline's ongoing efforts to strengthen the balance sheet and revitalise operations. The stock jumped 7%, adding to yesterday's 9% gain.
SpiceJet said it will induct 10 aircraft to its fleet by November-end. The fleet expansion announcement comes close on the heels of a QIP fundraising of Rs 3,000 crore.
Out of the total amount earmarked for auto verticals, nearly 52 percent of the outlay will be spent on Internal Combustion Engine Vehicles, especially Sports Utility Vehicles (SUVs)
The stock is up 51 percent in the last one year
He revealed that the Israel-Hamas war will impact crude oil prices, which are almost 55 percent of the cost of a tyre
The expansion will result in a 31 per cent increase in the plant's annual output capacity, from 39 lakh units to 51 lakh units.
A healthy order book driven by pent-up demand and higher incomes, especially of sport utility vehicles (SUVs), and better availability of semiconductors, will support domestic growth, though exports remain sluggish, the CRISIL report said.
The stock is up 91 percent in the last one year and trades at premium valuations
The current growth in the automobile sector should result in a 10-12% expansion in the tyre market, feels Singhania.
UltraTech Cement Q4 result: Revenue from operations came in at Rs 18,662.38 crore, up 18.36 percent from Rs 15,767.28 crore in the year-ago quarter, the company said in a regulatory filing.
As the company is ramping up renewable energy capacity additions, its shares outperformed the benchmark index for a second consecutive calendar year
As per the guidance shared by the chief financial officers of the companies, a combined Rs 20,000 crore will be spent in the next few fiscals on ramping up output of waitlisted models
The company’s thermal power plant utilisation levels increased to 77.8 percent in the first half of FY22, levels last seen in the first half of FY18
In the near term it will add to capacity in its existing markets, adding more beds at Chennai and Bengaluru
Operating leverage and cash flows coupled with a lower rate of capital expenditure are likely to boost UltraTech's return on capital employed from the current 10 percent to about 14 percent
“We expect the capacity expansion to be completed in the next 2-3 yearsâ€, Anish Chandaria, MD & CEO of Aegis Logistics told CNBC-TV18.
Textile manufacturer Indo Count Industries (ICIL) is eyeing 15-20 per cent growth in business on the back of capacity expansion and strengthening business in the domestic market.
Ravi Menon of Elara Capital, in an interview to CNBC-TV18, said there is some uptick in capex in the energy space which might provide some fillip to Wipro's IT business in the coming years. However, for now this vertical will prove to be a drag.
In a note to investors Morgan Stanley says while Bharat Forge is well placed to benefit from domestic capacity expansion recovery, export slowdown will offset most of these gains in FY2017. The research house expects muted export recovery in FY18.
Kapil Mehan, MD & Group CEO of Zuari Agro Chemicals says the subsidy payment will ease off some pressure as total borrowings have risen to almost Rs 3000 crore.
Santossh R, MD of Lambodhara Textile expects about 30-35 percent growth in revenues from FY18 onwards, once the ongoing capacity expansion is complete.
Gopal Agarwal, CFO, Ganesha Ecosphere says the company has recently completed capacity expansion and is confident of maintaining topline growth of 20-25 percent.