Kirloskar Electric has collaborated with the Nuclear Power Corporation of India (NPCIL) to develop special motors.
May be there’s a lot promised in budget speech but much less done on papers … hence, subdued growth.
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can you share a link of it? Thanks
It’s given on their website in Nuclear section.
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February 06, 2025, approved the Un-audited (Reviewed) Financial Results for the Quarter and
Nine Months ended on December 31, 2024
When I entered the company, I thought it will be a turn around after restructuring as initially the losses are narrowing. However the recent results are kept disappointing. I believe, I’m being lucky to enter early rather than convinced about the exact time frame of structural turnaround. The recent QIP and no commentary from the management is not adding any confidence. Further, the recent drawdown in micro cap companies and hot themes is reminder to learn more. So I decided to admit my luck and exit the counter. May be the real turn around happens in coming quarters.
Disc: No holdings
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In terms of seeing a turnaround, one usually sees himself few quarters ahead of time. If both conviction and margin of safety is high, it usually pays off to wait for a few quarters more.
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Pls check the facts. AK has not reduced the stake. It’s coz of the warrants conversion, the stake %age has reduced.
Yes, Ajay Upadhaya has exited.
Subhkam Ventures group have added up quantities.
Walchandnagar Industries approved acquiring a 60.3% stake in Aicitta Intelligent Technology, a defense R&D firm, for up to ₹16 crore.
The investment, via equity and preference shares, will be completed in tranches over 31 months.
→ Acquiring Aicitta to diversify defense business and expand in unmanned systems.
→ Aicitta specializes in R&D for the defense industry.
→ Financials:
- FY22: ₹1.15 Lakh
- FY23: ₹82,823
- FY24: ₹4,250
→ Strategic move to enhance capabilities and drive future growth.
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Yes, but couldn’t find a website or LinkedIn corp page for AICITTA INTELLIGENT TECHNOLOGY.
They should have some online presence.
https://www.zaubacorp.com/AICITTA-INTELLIGENT-TECHNOLOGY-PRIVATE-LIMITED-U72900KA2018PTC116004
Founded in 2018 it seems.