Tag Archive for solar

LUX Industries goes Green with Solar Unit installation at Dankuni Plant


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lux Industries Limited (BSE: 539542 | NSE: LUXIND) known for its innovative and customer-demand driven product offerings, creating new benchmarks for quality and comfort over the years is now going green in a bid to replenish the environment and reiterate their commitment towards nature and mother earth. The company recently installed a 1 Megawatt solar unit in their plant at Dankuni which is spanned over 6 lakh sq. ft. and is one of the largest facility in the hosiery industry. The Dankuni plant was inaugurated in June 2016. With this solar installation Lux became one of the rarest private sector companies who have been able to setup a solar unit in one of their factories. The company shelled out INR 5 Crore approximately for the project. Read more

Jindal Stainless supports rehabilitation efforts at Kerala, 25,000 stainless steel plates and glasses, and 500 solar lamps being donated to the flood affected state


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Aiding the relief and rehabilitation measures in the flood-hit state of Kerala, Jindal Stainless donated relief material, including 25,000 stainless steel plates and glasses. In collaboration with Luci solar, USA, 500 solar light have also been sent, which are collapsible and easy to carry. These lights, which can charge during the day and be used as night lights, will be distributed in the worst affected areas. Jindal Stainless presented a token of 5 boxes to Kerala government officials at Kerala House. The relief material, benefitting nearly 5000 families, will be distributed in Alleppey by the on-ground implementation partner, World Vision, in collaboration with the District Collector, Alleppey, Mr S Suhas. Chairperson, JSL Foundation, Smt Deepika Jindal said, “We are deeply saddened by the loss of lives and property in Kerala. Rehabilitation of affected families is a long process. This is a small measure to help augment household utilities for people in need”. Read more

NTPC’s 250 MW Solar Project In Suwasra, District Mandsaur, Madhya Pradesh Dedicated To State By Shri Shivraj Singh Chauhan Hon’ble Chief Minister, Madhya Pradesh


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shri Shivraj Singh Chauhan, Hon’ble Chief Minister, MP on Wednesday, 11th July 2018 dedicated to the State of MP, NTPC’s 250 MW Solar Power Plant in Suwasra, District Mandsaur, Madhya Pradesh.

This project has been set up by NTPC at an investment of approx. Rs 1500 Cr mainly on non-agricultural land and Generation of Electricity have been achieved without affecting the natural eco-system with zero carbon emission.  Read more

Australian Consul General Tony Huber inaugurated Solar Power system at Cheshire Homes, Andheri East.


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Tony Huber

Cheshire Homes India-Mumbai which was established in 1955 by Group Captain Leonard Cheshire got Rooftop 30 KW capacity Solar Power System at Andheri East branch in Mumbai which is funded by the Australian Consulate General Mumbai, under the Direct Aid Programme (DAP) for the year 2017-18 covered under the project “Leveraging Renewable and Sustainable Energy”.   Read more

SB Energy, IL&FS Join Hands to Anchor GoI’s Solar Targets


By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr Hari Sankaran, Vice Chairman, IL&FS Group

In a major boost to Government of India’s ambitious target of adding 100GW of solar power by 2022, IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid connected solar parks. These parks will be developed across various locations in India. Read more

Solar continues its value building journey


By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Highlights of Q4 FY18 Performance

  • Reports highest ever Sales in the quarter

  • Sales growth of 30% over the year-ago period.

  • The EBITDA in Q4FY18 is up by 27%

  • Q4 PBT up by 27%.

  • Q4 Net Profit after minority interest rose 20 %


Financial Highlights of FY18

  • Declares Dividend of 300% or Rs 6/share.

  • Revenue increased by 21% YoY .

  • EBIDTA jumped by 26%.

  • PBT rose by 25%.

  • Net profit after minority interest increased by 18% .

  • Capital Expenditure for FY18 stood at Rs. 215 crore. Read more

Gurmeet Choudhary goes solar!


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Known as an actor with a heart of gold, Gurmeet Choudhary has fronted socially relevant causes from time to time. Now, the talented actor plans to go back to his roots to address the grievances of the people of his hometown, Bhagalpur in Bihar. Faced with power cuts and  electricity issues, the people of the region will be attending sessions by Gurmeet and his team to learn about renewable alternatives. Read more

Ice Make Refrigeration Limited launches low cost- solar powered- Cold Room in TELANGANA & AP States


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has launched an economically viable solar powered cold storage unit for interior areas where proper storage temperature and adequate infrastructure is not available due to non-availability of regular power.  The Company is expecting good response for the eco- friendly and energy efficient solar cold room from the farmers in Telangana and Andhra Pradesh states. Read more

Solar Industries India Ltd. Q3FY18 Revenue up by 10.48% to Rs. 465.68cr


By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Solar Industries India Ltd., the country’s largest manufacturer and exporter of commercial explosives and explosives initiating systems, declared its financial results for the quarter ended December 31, 2017. Highlights of the unaudited results (The sales for the reported quarter are “Net of GST”.)


Highlights of Q3 FY17-18 performance

  • Net Sales stood at Rs. 465.68 crore as compared with Rs. 421.51 crore in Q3FY17 registering a growth of 10.48% YoY.

  • The EBITDA in Q3FY18 is at Rs. 106.93 crore up by 31.22% YoY in comparison to Rs. 81.49 crore in the same period last year.

  • PBT stood at Rs. 82.58 crore in Q3FY18 from Rs. 65.25 crore in Q3FY17, up by 26.56%.

  • Net profit after minority interest rose by 13.83% YoY at Rs. 54.15 crore for Q3FY18 up from Rs. 47.57 crore in Q3FY17.

  • EBIDTA % stands at 22.96% as compared with 19.33% in Q3FY17.

  • PBT % stands at 17.73 % in Q3FY18 as compared with 15.48% in Q3FY17.

  • Net profit % stands at 11.42% compared with 11.27% in Q3FY17.

  • Order book stands at Rs. 1306 crore.


Highlights of 9M FY17-18 performance

  • Net sales increased by 17.83% YoY to Rs. 1340.78 crore in 9MFY18 from Rs. 1137.89 crore of 9MFY17.

  • EBITDA rose by 25.30% YoY to Rs. 301.75 crore in 9MFY18 from Rs. 240.82 crore in 9MFY17.

  • PBT rose to Rs.238.42 crore in 9MFY18 when compared with Rs. 191.53 crore in 9MFY17, a growth of 24.48% YoY.

  • Net profit after minority interest jumped by 17.52% to Rs. 154.67 crore for 9MFY18 from Rs. 131.61 crore in 9MFY17.

  • EBIDTA % stands at 22.51% in 9MFY18 as compared with 21.16% in 9MFY17.

  • PBT % stands at 17.78% in 9MFY18 as compared with 16.83% in 9MFY17.

  • Net profit % stands at 11.54% in 9MFY18 as compared with 11.57% in 9MFY17.

  • Capital Expenditure till 9MFY18 is Rs. 130.64 crore. Read more