Gujarat Mineral Development Corporation (GMDC) has signed a Long-Term Supply Agreement (LSA) with JK Cement for the supply of 250 million tons of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch District in Gujarat. This agreement marks a strategic partnership towards monetizing the large limestone asset of GMDC and benefiting both the partners. It will support J K Cement in setting up a greenfield integrated mega-capacity cement plant, fostering industrial growth in the region.
Allcargo Terminals has executed a Power Purchase Agreement (PPA) with Amokha Green Energy (AGEPL) for the procurement of Solar Power for its Container Freight Station (CFS) situated at Chennai on Group Captive Basis. The company gains benefit in terms of electricity saving as AGEPL is offering Solar Power at a reasonable rate in comparison to Tamil Nadu Generation and Distribution Corporation (TANGEDCO).
Aarti Drugs’ board has approved the investment in equity shares of Pinnacle Life Science, wholly owned subsidiary of the company, upto an aggregate value of Rs 25 crore, by way of subscription to the Rights Issue. The investment proceeds will be used by Pinnacle for financing the cost towards expansion/capex plan and other general corporate purpose. The Board of Directors at its Meeting held on January 29, 2025, approved the same.
Sona BLW Precision Forgings (Sona Comstar) has signed a memorandum of understanding (MoU) with Ubifly Technologies (The ePlane Company) at Chennai. The MoU will enable Sona Comstar and The ePlane Company to cooperate in the areas of eVTOLs and Drones. The companies will collaborate on the development of powertrains for eVTOLs and Drones, including gearboxes, motors, inverters, and related components and systems.
Infosys has expanded its collaboration with Siemens AG, a leading technology company, to accelerate its digital learning initiatives with generative AI (GenAI). The collaboration aims to provide over 250000 Siemens’ employees globally with upskilling opportunities, and a personalized learning and growth experience. As part of the collaboration, Siemens’ My Learning World, a digital learning platform that is accessible from anywhere anytime, will leverage Infosys Topaz, an AI-first offering using generative AI technologies, and Infosys Wingspan, an AI-powered next-gen enterprise learning experience platform.
Apollo Micro Systems (AMS) and Garden Reach Shipbuilders & Engineers (GRSE) have entered into a memorandum of understanding (MoU) for a period of five years to establish a business partnership for the joint research and development (R&D), co-production, export of underwater weapons & vehicles, underwater mines, underwater communication systems and air defence systems and supply of advanced weapons and electronic systems for both defence and non-defence industries.
Tata Motors has reported 69.28% fall in net profit at Rs 1404 crore for Q3FY25 as compared to Rs 4570 crore for the same quarter in the previous year. Total income of the company decreased by 7.81% at Rs 17346 crore for Q3FY25 as compared to Rs 18815 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 21.93% fall in its net profit at Rs 5578 crore for the quarter ended December 31, 2024 as compared to Rs 7145 crore for the same quarter in the previous year. However, total income of the company increased by 2.93% at Rs 115365 crore for Q3FY25 as compared to Rs 112076 crore for the corresponding quarter previous year.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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