APL Apollo Tubes, TVS Motor Company and Avenue Supermarts to see some action today

APL Apollo Tubes has registered a sales volume of 422,788 Ton in Q1FY23 compared to 373,124 Ton in Q1FY22, a growth of 13.31%. APL Apollo’s largest ever ‘New Raipur’ plant is commissioning on the expected lines. APL Apollo expects significant contribution from this plant to start from Q3FY23 onwards. The value added products contributed 61% in Q1FY23. APL Apollo expects this sales mix to improve further in coming quarters with the ramp-up of new Raipur plant. The sales mix would eventually move towards 75% for value added products.

TVS Motor Company has registered a growth of 22% in June 2022 with sales of 308,501 units as against 251,886 units in the month of June 2021. Total two-wheelers registered a growth of 23% in June 2022 with sales increasing from 238,092 units in June 2021 to 293,715 units in June 2022. Domestic two-wheeler registered growth of 33% with sales increasing from 145,413 units in June 2021 to 193,090 units in June 2022. Motorcycle registered sales of 146,075 units in June 2022 as against 146,874 units in June 2021. Scooter sales of the Company grew from 53,956 units in June 2021 to 105,211 units in June 2022. The Company's total exports grew by 8% from 106,246 units in June 2021 to 114,449 units in June 2022. Two-wheeler exports grew by 9% from 92,679 units in June 2021 to 100,625 units in June 2022. Three-wheeler sales of the Company grew by 7% from 13,794 units in June 2021 to 14,786 units in June 2022. The domestic two-wheeler sales include TVS iQube Electric sales of 4,667 units in June 2022. This is the highest ever sales of TVS iQube Electric and the sales grew by 77% over May 2022.

Avenue Supermarts, which owns and operates retail chain D-Mart, has reported a nearly twofold rise in its standalone revenue from operations to Rs 9,806.89 crore for the first quarter ended on June 30, 2022. The company had revenue from operations of Rs 5,031.75 crore in the April-June quarter a year ago. The total number of stores as of June 30, 2022, stood at 294.

SML Isuzu has sold 1322 vehicles in June 2022 against 258 vehicles in June 2021, showing 5-fold jump. Besides, the company has sold 3511 units in April to June 2022 as against 812 units in April to June 2021, showing 4-fold jump. On segment-wise, in June 2022, the company's passenger vehicles sales stood at 1020 units as compared to 89 units in June 2021, reported over 11-fold jump yoy. While cargo vehicles sales were at 302 units in June 2022.

NTPC's arm, NTPC Renewable Energy (NREL), has signed a memorandum of understanding (MoU) with the Rajasthan government to develop 10 GW ultra mega renewable energy power parks (UMREPP) in the state.

Ambuja Cements has launched ‘Ambuja IHB Clinics’ to provide expert advice to ‘Individual House Builders (IHB)’ - who form one of the most critical customer segments for the company. Given that individual house builders are crucial to Ambuja Cements, the clinic helps provide tips, expert advice on estimation and design, materials, curing and correct techniques for different construction applications, among others, for such customers. It’s also a one-stop shop for all construction related queries. The clinic provides information about the do’s and don’ts of construction, with the help of working models wherever possible, along with details of Ambuja Cements’ products and solutions. It houses product demos and audio-visuals. This initiative is in line with Ambuja Cements’ aim to not just be a cement supplier but help customers build stronger homes.

Nazara Technologies has completed the investment in Brandscale Innovations by subscription of 10,000 Optionally Convertible Debentures of Rs 10,000 each aggregating to Rs 10 crore on July 01, 2022. Brandscale Innovations deals in the business of trading, manufacturing gaming accessories including but not limited to audio headphones and other gaming accessories across computer and mobile. Brandscale Innovations is currently performing exceptionally well and in order to further accelerate their growth, the Company made the aforesaid proposed investment. This will further consolidate Nazara’s Group holding in Brandscale Innovations.