Tata Power's generation capacity stands at 9036 MW

The Company also reported significant increase in generation, with the total power generation capacity of Tata Power in India standing at 9036 MW from various fuel sources such as thermal, hydroelectric power, renewable energy (wind and solar PV) and waste heat recovery, thereby reinforcing its position as the largest integrated power company in India.

Tata Power, India's largest integrated power company, announced that the Company generated 35093 MUs (Million Units) of power, collectively from all its power plants in the year 2015-2016. The Company also reported significant increase in generation, with the total power generation capacity of Tata Power in India standing at 9036 MW from various fuel sources such as thermal, hydroelectric power, renewable energy (wind and solar PV) and waste heat recovery, thereby reinforcing its position as the largest integrated power company in India.

Surpassing the set benchmark of the previous fiscal, Coastal Gujarat Power Limited (CGPL) and Maithon Power Limited (MPL) have contributed 18761 MUs and 5377 MUs in Q3 FY16. By 2022, Tata Power aims to boost the generation capacity to 18000 MW, and its distribution to 4000 MW.

The Company also has a significant presence in the clean energy space with a gross installed capacity of 1383 MW. Today, Tata Power has a total operating capacity of 511 MW from Wind farms and 60 MW in Solar Generation. In addition, the Company has 573 MW of hydro and 240 MW from waste gas-based generation.

Commenting on this development,  Anil Sardana, CEO & Managing Director, Tata Power, stated, “India is a developing economy and energy security is the backbone for any economy to grow. Tata Power will ensure that it continues to add to the generation capacity of the power sector of India and prove to be a national asset to the country. We are extremely proud of this development & hope to achieve many more milestones.”

Tata Power recently announced that the Company has commissioned two units of 60 MW each of its 120 MW Itezhi Tezhi hydro Power Project in Zambia, in which Tata Power has a 50 percent stake. The synchronisation of both the units was completed in January, 2016. The Company also announced the synchronisation of the 67.5 MW Unit 1 of its 3 x 67.5 MW IEL (Industrial Energy Limited) Kalinganagar project.

 With the support of leading technological innovations, excellence in project execution, world class safety processes, customer care, and green initiatives, the Company has succeeded in establishing a strong foothold across the country and overseas.

Polaris Consulting Q3 net profit at Rs. 36.5 crore

Total Income has increased from Rs. 4837.273 mn for the quarter ended December 31, 2014 to Rs. 5207.208 mn for the quarter ended December 31, 2015.

Polaris Consulting & Services Ltd posted net profit after taxes, minority interest and share of profit of associates of Rs. 365.407 mn for the quarter ended December 31, 2015 as compared to Rs. 392.586 mn for the quarter ended December 31, 2014. 

Total Income has increased from Rs. 4837.273 mn for the quarter ended December 31, 2014 to Rs. 5207.208 million for the quarter ended December 31, 2015.

Polaris Consulting & Services Ltd is currently trading at Rs. 211.95, down by Rs. 1.1 or 0.52% from its previous closing of Rs. 213.05 on the BSE.

The scrip opened at Rs. 213 and has touched a high and low of Rs. 214 and Rs. 210.3 respectively. So far 270318(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2136.43 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 224 on 11-Aug-2015 and a 52 week low of Rs. 132.7 on 10-Feb-2015. Last one week high and low of the scrip stood at Rs. 215 and Rs. 210.6 respectively.

The promoters holding in the company stood at 28.92 % while Institutions and Non-Institutions held 20.81 % and 50.27 % respectively.

The stock is currently trading below its 50 DMA.

DLF surges 4%; stake sale in rental unit sees big names evincing interest

Blackstone, GIC, Canada Pension Plan and Qatar Investment Authority are among the 25 global investment firms that have shown interest in buying DLF promoters’ stake in its rental arm, says report.

DLF Ltd stock was up by  4% to Rs.100. Report says that Blackstone, GIC, Canada Pension Plan and Qatar Investment Authority are among the 25 global investment firms that have shown interest in buying DLF promoters’ stake in its rental arm.

The scrip opened at Rs. 96.3 and has touched a high and low of Rs. 100.95 and Rs. 96 respectively. So far 8859511(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17092.24 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.4 on 05-Feb-2015 and a 52 week low of Rs. 90 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 97.95 and Rs. 92.4 respectively.

The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 18.7 % and 6.31 % respectively.

The stock is currently trading above its 200 DMA.

VA Tech Wabag surges 3%; Q3 net profit at Rs. 189mn

The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 189.00 million for the quarter ended December 31, 2015 as compared to Rs. 138.30 mn for the quarter ended December 31, 2014.

VA Tech Wabag Ltd stock was higher by 3% at Rs. 584. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 189.00 million for the quarter ended December 31, 2015 as compared to Rs. 138.30 mn for the quarter ended December 31, 2014. 

Total Income has increased from Rs. 6194.10 mn for the quarter ended December 31, 2014 to Rs. 6307.70 mn for the quarter ended December 31, 2015.

Va Tech Wabag Ltd is currently trading at Rs. 587, up by Rs. 21.25 or 3.76% from its previous closing of Rs. 565.75 on the BSE.

The scrip opened at Rs. 570 and has touched a high and low of Rs. 598.7 and Rs. 570 respectively. So far 23613(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3082.36 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970 on 17-Mar-2015 and a 52 week low of Rs. 551.4 on 04-Feb-2016. Last one week high and low of the scrip stood at Rs. 594 and Rs. 551.4 respectively.

The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.

The stock is currently trading above its 200 DMA.

Franklin Templeton announces tax-free dividend in Franklin India Bluechip Fund

Franklin Templeton Investments (India) has announced dividend in Franklin India Bluechip Fund, which is one of the largest* equity funds in the country.

Franklin Templeton Investments (India), one of the largest fund houses* in the country has announced dividend in Franklin India Bluechip Fund (FIBCF), which is one of the largest* equity funds in the country. The fund was the first mutual fund scheme to be launched in the private sector in 1993. All investors registered in the Dividend Plan/Option as on February 5, 2016 will receive this dividend. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable).

The record date for the dividend is February 5, 2016 and any purchases on or before this date will be eligible for the dividend. Under the dividend reinvestment plan, the dividend declared will be reinvested in the Fund at the NAV of February 8, 2016 and unitholders will be allotted additional units for the dividend amount.

Name of the Scheme/Plan	Amount of Dividend Per Unit (Rs.)	Face Value Per Unit (Rs.)	NAV per unit as on January 28, 2016 (Rs)
Franklin India Bluechip Fund – Dividend Plan	3.50	10	38.0153
Franklin India Bluechip Fund – Direct - Dividend Plan	3.50	10	39.0861

SRF to consider payment of dividend

The company has fixed February 16, 2016 as the Record Date for the purpose of Payment of Second Interim Dividend for financial year 2015-16.

SRF Ltd is currently trading at Rs. 1161, up by Rs. 25.3 or 2.23% from its previous closing of Rs. 1135.7 on the BSE. The company has fixed February 16, 2016 as the Record Date for the purpose of Payment of Second Interim Dividend for financial year 2015-16.

The scrip opened at Rs. 1124.55 and has touched a high and low of Rs. 1161 and Rs. 1124.55 respectively. So far 24013(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6521.19 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1495.55 on 05-Aug-2015 and a 52 week low of Rs. 875.85 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 1186.3 and Rs. 1075 respectively.

The promoters holding in the company stood at 52.38 % while Institutions and Non-Institutions held 28.64 % and 18.98 % respectively.

The stock is currently trading above its 100 DMA.

IPO blues! Precision Camshaft slips on debut

The Rs. 240-crore public float, was subscribed by 1.89 times at a price band of Rs 180-186 per share.

Precision Camshaft Ltd shares were 7% lower on debut as against issue Price of Rs 186/Share.

The stock opened at Rs.165. The stock has hit a high of Rs.175 and a low of Rs. 154.

The Rs. 240-crore public float, was subscribed by 1.89 times at a price band of Rs 180-186 per share. 

The company stated that the proceeds from the issue would be utilised for setting up a machine shop for ductile iron camshafts at its unit at Solapur in Maharashtra.

Ratan Tata invests in B2B Marketplace Moglix

The company currently specializes in B2B procurement of industrial products such as MRO, Fasteners and Industrial Electricals and is partnering with manufacturers and distributors across these categories in India, China and other Asian countries. Moglix is also playing an important role in facilitating online convenience and enabling supply chain efficiencies in business purchasing.

Moglix, an e-commerce company specializing in B2B procurement of industrial products, today announced an undisclosed financial investment in the company by renowned industrialist, Ratan Tata. This marks Mr. Tata’s entry as an investor in a manufacturing tech-startup, adding to his varied portfolio of e-commerce and new-age technology enabled companies. With his expertise and keen interest in the sector, Mr. Tata will play an important role in mentoring Moglix on business growth, global expansion and leadership.
 
Founded in August 2015 by Rahul Garg, a former Google employee with extensive experience in building global products and running sales across Asia, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. The company currently specializes in B2B procurement of industrial products such as MRO, Fasteners and Industrial Electricals and is partnering with manufacturers and distributors across these categories in India, China and other Asian countries. Moglix is also playing an important role in facilitating online convenience and enabling supply chain efficiencies in business purchasing.
 
Moglix recently raised Pre-Series A funding from Accel Partners and Jungle Ventures. The funds are being used to enhance the technology platform, build a deep supplier base as well as increase marketing spends across Asia.
 
As the Government is aggressively driving manufacturing growth in India through the Make in India and Digital India campaigns, Moglix is passionate about steering the company to build on the initiatives. The company is focused on bringing technology and manufacturing together to drive transparency, efficiency and scale for manufacturing companies within India, making them globally competitive and enabling the use of technology for procurement, sales and marketing, supply network optimization in both domestic and global markets.
 
Rahul Garg, CEO and Founder of Moglix, said, “We are extremely pleased to have an icon of Indian manufacturing as our advisor. Mr. Tata’s contribution to the manufacturing sector has been inspirational and we look forward to his guidance as we steer the company towards transforming the buying and selling process for manufacturers in the country. While globally, top manufacturers have evolved towards adoption of technology for procurement and sales – Indian manufacturers have been slow to adopt technology, leading to process inefficiencies and limited marketing exposure. Moglix strongly believes that the unorganized supply chain in India can only be solved with a technology-1st mindset. We are confident that Mr. Tata’s role as an investor and mentor will help us gain a strong foothold in the sector and realize our vision”.
 
Rahul added, “The Make in India program when combined with the digital initiatives in the country have great potential to play a transformative role in India’s manufacturing sector.  We need to attract young entrepreneurs to commit to the “Make in India" initiative for it to succeed.”

Suzlon S111 receives type Certification for 50hz and 60hz variants

Suzlon currently has more than 7350MW of installed capacity of the 2.1MW class turbines globally. The 2.1MW platform currently has more than 3,500 turbines installed in 17 countries with over 92,253,180 operating hours.

The Suzlon Group, one of the leading global renewable energy solutions providers in the world, announced the completion of the Type Testing and Certification of its S111 turbine for 50 Hz and 60 Hz variants. The testing was carried out by an accredited independent third party testing agency, and the certification was awarded by TÜV NORD.

This certification acknowledges conformity with standards and regulations for the design, testing and manufacturing of S111. It also meets with the Indian Grid Regulations. Suzlon currently has more than 7350MW of installed capacity of the 2.1MW class turbines globally.

The S111, belonging to the reliable and proven 2.1MW family, has been designed to ensure highest safety while offering lowest lifecycle cost that helps drive down the cost of energy for customers.

It features a rotor diameter of 111.8 meters with a swept area of more than 9,500 square meters, making it one of the highest yielding wind turbines in its class. The S111 delivered approximately 102% of its design power curve, translating to higher than projected power generation, and improved returns for customers.

Speaking on the development, Mr. Duncan Koerbel, Chief Technology Officer (CTO), Suzlon Energy, said, “This is the third consecutive blade program where the certified performance has exceeded our design goals. This is a tribute to our multinational R&D teams located in Germany, the Netherlands, Denmark, USA and India. Our aerodynamics and system design capabilities continue to improve, leading to better AEP (annual energy production) of wind power plants.

The 2.1MW platform currently has more than 3,500 turbines installed in 17 countries with over 92,253,180 operating hours. The new S111 blade has been designed to optimally harness available wind, delivering nearly 20% higher energy as compared to the S97, thereby ensuring higher ROI to customers.”

Tulsi Tanti, Chairman, Suzlon Group, said, “We are pleased to present these findings to the market. This result is a testament to our ability to build on our vast global operating experience.

We have continuously evolved our technology and products to deliver ever improving returns to our customers. We have introduced the next generation turbine, the S111-2.1MW, specially designed for low wind sites, in US and India. I firmly believe that technology is the key differentiator in our industry, and the key to market leadership. Suzlon endeavours to bring down the cost of energy and provide clean and affordable energy for all.”

Stock view:
Suzlon Energy Ltd is currently trading at Rs. 15.6, down by Rs. 0.15 or 0.95% from its previous closing of Rs. 15.75 on the BSE.

The scrip opened at Rs. 16.05 and has touched a high and low of Rs. 16.1 and Rs. 15.5 respectively. So far 9652917(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7876.92 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.35 on 19-Mar-2015 and a 52 week low of Rs. 13.75 on 03-Feb-2016. Last one week high and low of the scrip stood at Rs. 20.7 and Rs. 13.75 respectively.

The promoters holding in the company stood at 21.1 % while Institutions and Non-Institutions held 28.64 % and 50.05 % respectively.

The stock is currently trading above its 200 DMA.

India steel import curbs to benefit company: Welspun Corp

MIP recently notified by the Directorate General of Foreign Trade, Government of India on certain iron and steel products which will be valid up to 6 months from the date of notification or until further orders, whichever is earlier, will have beneficial effects on India business.

Welspun Corp Ltd has announced that "the Minimum Import Price (MIP) recently notified by the Directorate General of Foreign Trade, Government of India on certain iron and steel products which will be valid up to 6 months from the date of notification or until further orders, whichever is earlier, will have beneficial effects on India business due our backward integration into manufacturing of plates and coils besides our presence across large parts of pipe business' value chain."

Welspun Corp Ltd is currently trading at Rs. 93.5, down by Rs. 0.4 or 0.43% from its previous closing of Rs. 93.9 on the BSE.

The scrip opened at Rs. 95 and has touched a high and low of Rs. 95 and Rs. 93.5 respectively. So far 13487(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2471.22 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 153.6 on 05-Aug-2015 and a 52 week low of Rs. 51.9 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 107 and Rs. 89.9 respectively.

The promoters holding in the company stood at 41.11 % while Institutions and Non-Institutions held 15.37 % and 34.77 % respectively.

The stock is currently trading above its 200 DMA.