Market News
4 min read | Updated on April 22, 2025, 08:30 IST
SUMMARY
Stocks to watch: Tata Motors on Monday said it has inked a power purchase agreement with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project.
Shares of steel companies will be in focus as the government on Monday imposed a 12% provisional safeguard duty for 200 days on five steel product categories. | Image: Shutterstock
The GIFT NIFTY futures indicate that the NIFTY50 index will open 40 points higher.
The company's board also recommended a dividend of ₹27 (270%) per ordinary share of ₹10 each, to be paid after the annual general meeting (AGM), subject to approval by the company's shareholders at the ensuing AGM.
The decision follows a recommendation for the same by the Commerce Ministry's investigation arm, DGTR. Last month, the DGTR suggested imposing the duty.
Anant Raj's revenue rose 22.2% to ₹540.7 crore in Q4, compared to ₹442.6 crore in the same period last year.
Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) also saw significant growth, rising 36.5% to ₹142.4 crore from ₹104.3 crore year-on-year.
Its net profit narrowed to ₹6.7 crore in Q4 FY25 as against ₹12.8 crore in Q4 FY24.
During the reporting quarter, earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 37.2% to ₹77.7 crore as against ₹56.6 crore in Q4 FY24.
Airtel led the growth in the mobile and wireline segments with net additions of 16.53 lakh and 1.17 lakh customers, respectively, in January.
In the mobile segment, Reliance Jio led the market with 46.5 crore subscribers, followed by Airtel with 38.69 crore customers in January 2025.
Vodafone Idea (Vi) continues to be the biggest loser in the segment. The company lost over 13 lakh mobile subscribers in January. State-run BSNL and MTNL lost 3.69 lakh and 2,617 customers, respectively.
In the wireline segment, BSNL lost 39,953 subscribers, MTNL 9,904, Quadrant 4,741, Vi 3,447, and STPL 1,690.
Ultra-supercritical power plants operate at higher steam temperatures and pressures than supercritical plants, leading to improved efficiency and reduced emissions.
"Widening further its business diversification portfolio into thermal power generation, Coal India Ltd (CIL)...formally joined hands with Damodar Valley Corporation (DVC) to set up a coal-fired 2 x 800 MW ultra supercritical power plant in Jharkhand," the PSU said in a statement.
Set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tonnes of CO₂ emissions each year, the Mumbai-based auto major said in a statement.
The integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles, it added.
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