Kernex Microsystems, Marsons and Prospect Commodities to see some action today

Kernex Microsystems (India) has received an order of Rs 5.77 crore from Integral Coach Factory for Supply, Installation and Commissioning of 8 Train Collision Avoidance System (TCAS) (KAVACH). The said order is expected to be delivered by March 31, 2025.

Marsons has received orders worth over Rs 9 crore from various North Eastern States under the Revamped Distribution Sector Scheme (RDSS). With the receipt of this order, the company has further strengthened its foothold in the North Eastern region. The company is optimistic of establishing a dominant presence in the North East as the requirement in this region is expected to grow to its peak over the course of this year.

Prospect Commodities has signed a Memorandum of Understanding (MoU) with Africa Negoce Industries (ANI) to solidify its partnership. The total trade value of this MoU exceeds $4 million and is set to span until March 25, aiming to fortify the supply chain of raw cashew nuts and cashew husk/pellet. The specifics of the contract entail 3000 Metric Tons of Raw Cashew Nuts and 5000 Metric Tons of Cashew Husk/Pellet.

Rallis India has commissioned new automated 8000 Metric Ton (MT) Water-Soluble Fertiliser (WSF) plant in Akola, Maharashtra. This strategic initiative underscores Rallis' commitment to innovation, enhancing farm productivity and advancing sustainable agriculture practices.

Kotak Mahindra Bank has reported results for fourth quarter (Q4) ended March 31, 2024. The bank has reported 18.24% rise in its net profit at Rs 4,133.30 crore for the quarter under review as compared to Rs 3,495.59 crore for the same quarter in the previous year. Total income of the bank increased by 27.30% at Rs 15,285.35 crore for Q4FY24 as compared Rs 12,007.23 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported 16.88% rise in its net profit at Rs 5,337.20 crore for fourth quarter ended March 31, 2024 as compared to Rs 4,566.39 crore for the same quarter in the previous year. Total income of the bank increased by 34.39% at Rs 27,907.33 crore for Q4FY24 as compared Rs 20,766.51 crore for the corresponding quarter previous year.

Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has signed a Power Purchase Agreement (PPA) with SJVN for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project. The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, and battery storage technologies to ensure efficient energy dispatch during peak hours, thereby stabilizing the grid. FDRE enables round-the-clock power supply, assisting Distribution Companies (Discoms) in fulfilling Renewable Purchase Obligations (RPO) and Energy Storage Obligations (ESO). This win marked TPREL's inaugural success in the FDRE tender, highlighting its commitment to providing reliable and sustainable energy solutions.

Siyaram Recycling Industries is all set to install Solar Power Plant with a capacity of 560 KW over Roof Top at its Manufacturing Plant located at Village-: Lakhabaval, Jamnagar, Gujarat to be met its internal accruals. The solar power plant, projected to have an approximate lifespan of 25 years, represents a pivotal step in Siyaram’s journey towards sustainable and eco-friendly manufacturing practices. This means Siyaram Recycling Industries is poised to realize substantial electricity cost savings for the subsequent 21 years.