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This project, costing ₹95.95 Crore, is scheduled to be completed within 240 days.

Management believes that while Gen-AI is capable of driving business disruptions, it is still an evolving model. For large-scale deployment of Gen-AI, ILOM will have to wait for Gen-AI to stabilise and become more mainstream. However, the company continues to experiment with the technology. Maintain BUY.

A contract for the Mid Life Upgrade (MLU) of 25 Dornier aircraft and related equipment for the Indian Navy was signed by the Ministry of Defence and the business on March 15.

The stock is currently trading at ~58x/48x CY25/26. Though expensive, analysts of IIFL Capital Services believe the valuation is justified given the track record and strong growth prospects. They maintain BUY; TP Rs1,500.

According to the ANI report, as of February 1, the price of Indane petrol cylinders varied depending on the major city, including Delhi, Kolkata, Mumbai, and Chennai, each with its own pricing.

Additionally, the bank warned that any incoming NEFT transfers—including salaries and other payments—that were supposed to arrive on April 1 might potentially be delayed.

RIL sells all of its gas through Brent and JKM linked prices, capped at HPHT; it has recently hiked the slope of its Brent-linked gas contracts from 8% to 12.67%, for which there is ~2% EPS upgrades for FY25/FY26ii. ONGC, OIL etc., see no impact; CGDs also remain unaffected.

The company primarily operates in the Nordic region, competing with firms such as AF Gruppen, Skanska, Peab, Per Aarsleff, Veidekke, and YIT.

Season-to-date rainfall (since 1-Jan-24) is ~5% below normal. Reservoir levels are below last-year levels and 10yr average.

Export tractor sales in March 2024 amounted to 533 units, indicating a 24.3% decrease from the 704 units sold in March 2023.