Sona BLW Precision Forgings, HDFC Bank and NTPC to see some action today

Sona BLW Precision Forgings (Sona Comstar) has inaugurated its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion underscores the company’s commitment to meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. As mobility undergoes a profound transformation, Sona Comstar remains at the forefront of electrification through strategic expansions and investments in research and development, dedicatedly pioneering innovative solutions that seamlessly align with this dynamic future. 

HDFC Bank has reported results for fourth quarter (Q4) ended March 31, 2024. The bank has reported rise of 37.06% in its net profit at Rs 16511.85 crore for the quarter under review as compared to Rs 12047.45 crore for the same quarter in the previous year. Total income of the bank increased by 66.46% at Rs 89639.00 crore for Q4FY24 as compared Rs 53850.54 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported rise of 39.92% in its net profit at Rs 17622.38 crore for fourth quarter ended March 31, 2024 as compared to Rs 12594.47 crore for the same quarter in the previous year. Total income of the bank reported over 2- fold jump at Rs 124391.35 crore for Q4FY24 as compared Rs 57158.84 crore for the corresponding quarter previous year.

NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed Memorandum of Understanding (MoU) with Indus Towers to address the need for pacing green energy objectives and the GOI’s efforts towards carbon neutral economy. 

The India Cements has received approval to sell its grinding unit, with an installed capacity of 1.1 MTPA, at Parli Vaijnath, Beed District, Maharashtra (PGU), to UltraTech Cement for a total consideration of Rs 315 crore (exclusive of taxes and levies). In this regard, the company has entered into an asset purchase agreement with UltraTech Cement. The Board of Directors of company at its meeting held on April 20, 2024, approved the same. 

JIO Financial Services has reported results for fourth quarter (Q4) and year ended March 31, 2024. The company has reported over 3-fold jump in its net profit at Rs 77.76 crore for the quarter under review as compared to Rs 23.03 crore for the same quarter in the previous year. Total income of the company significantly increased to Rs 140.51 crore for Q4FY24 as compared Rs 20.96 crore for the corresponding quarter previous year. For the year ended March 31, 2024, the company has reported over 12-fold jump in its net profit at Rs 382.47 crore as compared to Rs 31.25 crore for the previous year. Total income of the company significantly increased to Rs 638.06 crore for year under review as compared Rs 44.84 crore for year ended March 31, 2023.

KPIT Technologies has acquired balance stake in PathPartner Technology. Accordingly, PathPartner has become a wholly owned subsidiary of the Company. The cost of acquisition of 100% stake has not exceeded Rs 191 crore. The objective of acquisition is to strengthen KPITs software integration capabilities and help deliver complex software solutions for new-age vehicle architectures; early access to semiconductor technologies by leveraging PathPartner centers of excellence and technical assets for automotive OEMs and Tier 1s; and Provide compelling value in performance engineering of complex high compute domain controller software in Autonomous, Infotainment, Connected, and Electrification domains.

National Fertilizers has received Navratna Status from Department of Public Enterprise, Ministry of Finance, Government of India. The term 'Navratna' refers to a select group of top-performing Central Public Sector Enterprises (CPSEs) that have been granted greater autonomy and financial powers by the Centre in recognition of their performance.