The funding includes $30 million to JK Tyre & Industries and up to $70 million for Cavendish Industries (CIL), a subsidiary of JK Tyre. The funding will support the expansion of tyre manufacturing capacity, focusing on passenger car radial (PCR) tyres at JK Tyre's Banmore plant in Madhya Pradesh and truck and bus radial (TBR) tyres at CIL's Laksar plant in Uttarakhand. The initiative aims to promote energy-efficient tyre production, strengthen local supply chains, and create jobs. Dr. Raghupati Singhania, chairman & managing director of JK Tyre & Industries, said: 'We are delighted to strengthen our relationship with IFC, securing a $100 million sustainability linked loan (SLL) to fund our growth plans. By aligning financing to sustainability goals, we aim to drive positive environmental and social impact while achieving our growth objectives.' JK Tyre & Industries is currently the market leader in truck bus radial segment. The company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, off-the-road and two & three-wheelers. The company had reported 44.22% decline in consolidated net profit to Rs 135.04 crore on a 7.08% fall in sales to Rs 3,621.56 crore in Q2 FY25 as compared with Q2 FY24. The scrip fell 2.65% to currently trade at Rs 348.40 on the BSE. Powered by Capital Market - Live

The key equity indices traded with modest gains in early trade. The Nifty traded above the 23,050 mark. FMCG, IT and pharma shares advanced while realty, media and metal shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex rose 280.82 points or 0.38% to 76,118.53. The Nifty 50 index added 60.90 points or 0.26% to 23,085.55. The broader market underperformed the frontline indices. the S&P BSE Mid-Cap index dropped 1.03% and the S&P BSE Small-Cap index fell 1.35%. The market breadth was weak. On the BSE, 901 shares rose and 2,039 shares fell. A total of 111 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 5,920.28 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,500.32 crore in the Indian equity market on 20 January 2025, provisional data showed. Stocks in Spotlight: JK Tyre & Industries rose 0.04%. The International Finance Corporation has sanctioned a $100 million sustainability-linked loan to JK Tyre. The funding includes $30 million for JK Tyre & Industries and up to $70 million for Cavendish Industries (CIL), a subsidiary of the company. PNB Housing Finance rose 0.33%. The company's profit jumped 36% YoY to Rs 471.4 crore as compared with 40.1 crore in Q3 FY24. Revenue increased 10% YoY to Rs 1922.8 crore in Q3 FY25. India Cements added 1.85% after the company reported net loss of Rs 428.8 crore in Q3 FY25 as compared with net loss of Rs 16.5 crore in Q3 FY24. Revenue from operations declined 16.5% YoY to RS 903 crore in Q3 FY25. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.18% to 6.912 as compared with the previous close of 6.899. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.5925, compared with its close of 85.5850 during the previous trading session. MCX Gold futures for the 5 February 2025 settlement added 0.18% to Rs 6.857. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.18% to 108.14. The United States 10-year bond yield rose 0.39% to 4.592. In the commodities market, Brent crude for March 2025 settlement lost 03 cents, or 0.04% to $79.26 a barrel. Global Markets: Most Asian stocks advanced on Wednesday after President Donald Trump held off from imposing sweeping trade tariffs in his first day in office. After being sworn in, Trump vowed to sign a series of executive orders, including one declaring a national emergency at the U.S.-Mexico border. However, the initial executive actions stopped short of introducing new tariffs on the three largest U.S. trading partners. Instead, the president directed his administration to address unfair trade practices on a global scale, hinting at a more measured approach to trade policy. Wall Street had a decent showing on Tuesday as investors digested the potential impact of Trump's policy announcements. Netflix stole the spotlight with stellar earnings. The Dow Jones Industrial Average rose 1.2% to 44,025.81 points, the S&P 500 climbed 0.9% to 6,049.24 points, while the NASDAQ Composite gained 0.6% to 19,756.7. Netflix Inc. shares surged over 14% in after-hours trading to $993.99, following the announcement of a record-breaking 19 million new subscriber additions in Q4 2024'far exceeding expectations. Meanwhile, President Trump unveiled a $500 billion joint venture named Stargate, involving tech heavyweights like OpenAI, Oracle, SoftBank, Microsoft, NVIDIA, and others. The initiative aims to build advanced AI data centers and energy-generation facilities in Texas over the next four years. This massive collaboration is expected to elevate the U.S.'s AI capabilities to unprecedented levels. Powered by Capital Market - Live

International Finance Corporation (IFC) has sanctioned a $ 100 million Sustainability-Linked Loan (SLL) to JK Tyre & Industries (JK Tyre). The funding includes $30 million to JK Tyre and up to $70 million for Cavendish Industries (CIL), a subsidiary of JK Tyre.  The funding will support the expansion of tyre manufacturing capacity, focusing on Passenger Car Radial (PCR) tyres at JK Tyre's Banmore plant in Madhya Pradesh and Truck and Bus Radial (TBR) tyres at CIL's Laksar plant in Uttarakhand. The initiative aims to promote energy-efficient tyre production, strengthen local supply chains, and create jobs.Powered by Capital Market - Live

Securities in F board approved a capital expenditure of Rs 342 core for increasing the peptide synthesizer reactor capacity from 0.5 KL to 6.37 KL in Unit-1 and building an additional capacity of 52 KL in Unit-3. PNB Housing Finance profit jumped 36% YoY to Rs 471.4 crore as compared with 40.1 crore in Q3 FY24. Revenue increased 10% YoY to Rs 1922.8 crore in Q3 FY25. India Cements reported net loss of Rs 428.8 crore in Q3 FY25 as compared with net loss of Rs 16.5 crore inQ3 FY24. Revenue from operations declined 16.5% YoY to RS 903. Crore in Q3 FY25. Dalmia Bharat consolidated net profit tumbled 75.2% to Rs 66 crore as compared with Rs 266 crore Revenue fell 11.7% YoY to Rs 3,181 crore during the quarter.Powered by Capital Market - Live

Securities in F&O Ban: Granules India , Hindustan Copper, Metropolis Healthcare, National Aluminium, PVRInox, RBL Bank shares are banned from F&O trading on 13 December 2024. Stock to Watch: JK Tyre has secured a euro 30 million long-term loan from DEG ' Deutsche Investitions- und Entwicklungsgesellschaft. The funding will support the sustainable expansion of the company's production capacities at its facility in Madhya Pradesh, India. The new loan will help to continue this transformation, for example by allowing the boiler for the expansion facility to be operated using biomass rather than coal. G N A Axles announced the successful commissioning of Roof Top Solar Power Plant of 4 MW at its manufacturing plant situated at Village Gulabgarh Jattan Phagwara Hoshiarpur Road Dist Kapurthala to generate electricity for its captive consumption. Tata Motors will increase the prices up to 2% across its trucks and buses portfolio, effective 1st January 2025. The price increase is to offset the rise in input costs. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of trucks and buses. NESCO has been declared as lowest bidder by National Highway Logistics Management (NHML) for the development, operation and maintenance of wayside amenities along with Hyderabad-Vishakapatnam Expressway. Under the terms of the agreement, NESCO Ltd will develop, operate, and maintain wayside amenities across four sites on a lease basis for a period of 30 years, with the option to extend for an additional 30 years through a first right of refusal. Bajel Projects has been awarded a supply of Goods and Services contract by Solapur Transmission, (Project SPV Company of Torrent Power) for the establishment of new 400/220 KV solar substation in Mahrashtra. The order includes EPC work of design, engineering, manufacturing, supply, erection, civil work, testing & commissioning work for establishment of 400/220 KV Solapur PS (New) & Establishment of 400 KV Line Bays (Power Grid Solapur), Solapur, Maharashtra Ashok Leyland has been bagged an order for supplying 1,475 BSVI Diesel Fuel Type Passenger Bus Chassis for total consideration of Rs 345.58 crore to Tamil Nadu State Transport Corporation (TNSTC). NHPC said its board of directors has approved a revised borrowing plan to raise up to ₹6,900 crore during the financial year 2024-25. The decision was taken at a board meeting held on 12 December 2024. The borrowing plan includes raising funds through secured or unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds in one or more series or tranches via private placement. JK Tyre will secure long-term loan of Euro 30 million from DEG ' Deutsche Investitions- und Entwicklungsgesellschaf. The funding will be invested in the sustainable expansion of production capacities at the company's site in Madhya Pradesh.Powered by Capital Market - Live

Net profit of JK Tyre & Industries declined 44.22% to Rs 135.04 crore in the quarter ended September 2024 as against Rs 242.11 crore during the previous quarter ended September 2023. Sales declined 7.08% to Rs 3621.56 crore in the quarter ended September 2024 as against Rs 3897.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3621.563897.53 -7 OPM %11.6315.12 - PBDT322.78487.71 -34 PBT209.60379.67 -45 NP135.04242.11 -44 Powered by Capital Market - Live

JK Tyre & Industries will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

JK Tyre & Industries announced that Kalpataru Tripathy (DIN - 00865794) and Vimal Bhandari (DIN - 00001318), Independent Directors, ceased to be Directors of the Company with effect from 25 September 2024, upon completion of their respective tenures as Independent Directors, on 24 September 2024.Powered by Capital Market - Live

The Board of JK Tyre & Industries at its meeting held on 16 September 2024 has approved the draft Scheme of Amalgamation of Cavendish Industries (Transferor Company) with the Company and their respective shareholder. Powered by Capital Market - Live

JK Tyre & Industries has allotted 1,32,96,398 equity shares of face value of Rs 2 each on conversion of 24,000 fully paid Compulsorily Convertible Debentures (carrying an interest at the rate of 6% per annum, compounded cumulatively on a quarterly basis) of face value of Rs. 1,00,000/- each (CCDs),issued to International Finance Corporation, a Qualified Institutional Buyer, by way of a preferential issue on a private placement basis, at a conversion price of Rs 180.50 per equity share. Pursuant to aforesaid allotment of equity shares on conversion of CCDs, the issued, subscribed and paid-up equity share capital of the Company stands increased from 26,07,23,629 Equity Shares of Rs 2/- each to 27,40,20,027 equity shares of Rs 2/- each (all fully paid-up). Powered by Capital Market - Live