Corporate & Economy Highlights (Wednesday, Sept 10, 2025)

Positive Developments

Arvind Ltd.: Inaugurated India’s first supercritical CO₂ dyeing machine in Ahmedabad – a breakthrough in sustainable textile manufacturing.

Nila Infrastructures: Received Letter of Intimation from Mahesana Municipal Corporation for a new urban infrastructure project in Gujarat.

Prostarm: Incorporated a wholly owned subsidiary for battery energy storage projects, signalling entry into clean-tech infrastructure.

Neutral Developments

Kotak Mahindra Bank: Sumitomo Mitsui to sell 1.65% stake via block deal worth ₹6,166 crore; offer price set at ₹1,880/share (~4% discount).

JSW Energy: Credit rating reaffirmed by Ind-Ra, underscoring stable outlook.

Thermax: Invested ₹115 crore in subsidiary First Energy Pvt. Ltd. to strengthen renewable & clean energy portfolio.

Samvardhana Motherson: Completed acquisition of remaining 25% in two Turkey joint ventures, achieving full ownership.

Patanjali Foods: Bonus issue (2:1) ex-date set for tomorrow.

Negative Development

Sun Pharma: USFDA classified Halol facility as Official Action Indicated; import alert continues with shipments to US refused.

Management Commentary

Tata Power Plans expansion of charging infra to 10,000 EV chargers (from 5,400).

90–95% of chargers to be renewables-powered.

Already deployed 1.5 lakh home chargers.

Public fast-charger rollout to be need- and usage-based.