Archives May 2025

Laxmi Organic Industries (LXCHEM) reported a topline of Rs7.1bn, reflecting a decline both YoY and sequentially, primarily due to continued pricing pressure across its product segments. However, the company recorded a modest volume growth of 1% during the quarter. The Specialty Chemicals segment outperformed in FY25, with EBITDA margin improving by 200bps to 23%. However, one of the products in this segment has undergone a regulatory phase-out, which is expected to impact topline performance in the near term until the replacement product planned comes online. The Essential Chemicals segment, which contributes ~69% to the company’s revenue, witnessed a sequential revenue decline of 9%. EBITDA margin for this segment fell to 3% in FY25 from 4.2% in FY24, as pricing pressure continues to impact segment profitability. Management has guided that the Fluorochemicals segment is expected to contribute 40–60% of the Rs2bn peak revenue potential in FY26, with full ramp-up expected by FY27. The company has announced a total capex of Rs11bn aimed at doubling its revenue by FY28. On the demand side, the Agrochemicals segment remains soft, whereas sub-segments such as pharmaceuticals, printing & packaging, and colors & pigments continue to show stable demand trends. The stock currently trades at 29x FY27E EPS. Using SOTP valuation, we value it at Rs172 and maintain our ‘Reduce’ rating on the stock.

• Revenue declined due to weakness across segments: Consolidated revenue stood at Rs7.1bn (-10.4% YoY/ -9.7% QoQ) (PLe: Rs7.2bn, Consensus: Rs 7.7bn), the actual topline was lower than our estimates. Essentials Segment revenue decreased by 10% YoY/ 9% QoQ in Q4FY25, while it increased by 1% in FY25. Specialty segment revenue decreased by 7% YoY/11% QoQ in Q4FY25, while it increased by 14% in FY25. Specialty segment now constitutes 31% of overall revenue vs 30% in Q4FY24 & 32% in Q3FY25, the revenue contribution from the Essentials segment remained stable YoY, while increased by 1% sequentially to 69%.
• EBITDA declined on both YoY and sequential basis: EBITDA came in at Rs590 mn, down 34.4% YoY and 21.1% QoQ (PLe: Rs539mn, Consensus: Rs620mn). EBITDA margin dropped to 8.3% from 11.4% in Q4FY24 and 9.5% in Q3FY25, mainly due to higher operating cost.
• Concall key takeaways: (1) The company has less than 10% exposure to USA, tariff impact on Laxmi is expected to be neutral. (2) Acetic acid price decreased by 11% and Ethanol price decreased by 15% in FY25 compared to FY24. (3) Other expenses increased during FY25 due to the steep increase in freight rate. (4) The company has signed LOI with Hitachi Energy to set up production of an eco-efficient gas used in Hitachi’s SF6-free high-voltage switchgear portfolio; this product is currently sourced from China. (5) Total volumes increased by 11% YoY in FY25, while for Q4FY25 volume increased by 1%. (6) Company has received EC and the factory license for its Dahej facility. (7) Average Ethyl acetate long term spread over Ethanol and acetic acid were $225, currently they are $140-$150.  (8) Ethyl acetate is 80-85% of essentials revenue, aim is to reduce it to 65% by FY28. (13) One of the products is undergoing a regulatory phase-out in specialty portfolio, a substitute has been lined up, but there will be an interim impact on the topline due to this transition. (14) From Q4FY25, Fluorochemicals segment started contributing to topline, 40%-60% of peak revenue expected in FY26 and peak revenue by FY27.

Max Healthcare Institute (MAXHEALT) reported healthy EBITDA growth of 26% YoY to Rs 6.32bn; in line with our estimates. The company showed phenomenal growth (18% EBITDA CAGR) over FY22-24, despite negligible capacity additions. We expect pick-up in the growth momentum given 1) strong expansion plans (+3500 additional beds over FY24-27E), 2) improving payor mix and 3) Bolt on acquisitions like recently added in Lucknow, Nagpur and Noida. Operational efficiency has also been commendable, especially in competitive markets like NCR. Our FY26E/27E EBITDA remains unchanged and we expect EBITDA/PAT to grow ~2x over FY24-27E. We ascribe 35x EV/EBITDA based on FY27E. Maintain ‘BUY’ rating with TP of Rs. 1,300/share.

• In line EBITDA, existing units EBITDA grew by 13% YoY: Base business’s EBITDA improved 13% YoY to Rs. 5.65bn with margins flat YoY to 27.2% in Q4. During Q4, total of 188 additional beds were commissioned across Lucknow, Dwarka, and BLK. The greenfield Dwarka facility, which was commercialized in Q2, achieved EBITDA breakeven in Q4. New units which now comprise of Noida, Lucknow and Nagpur contributed EBITDA of Rs 670mn (vs Rs 650mn QoQ). Overall margins were flat QoQ to 27.2%. Consol occupancies were steady YoY and QoQ at 75% given the new beds consolidation. ARPOB was flat YoY and improved ~2% QoQ to Rs 77.1K. Existing units ARPOB came in at Rs83.8k; up 7% YoY.
• Robust revenues across existing and new units: Consolidated revenues came at Rs. 23.3bn (up 29% YoY); of which Rs.1.2bn, Rs. 1bn, Rs. 780mn and Rs. 550mn were contributed by Noida, Lucknow, Dwarka and Nagpur units respectively. Revenue growth from existing units were at 13% YoY. Institutional revenue share was at 20.8%. Max Lab and Max@Home revenue stood at Rs 460mn and Rs 560mn respectively. During Q4, net debt decreased by Rs. 320mn QoQ to Rs15.8bn.
• Key con-call takeaways: Expansion plans- Three new brownfield towers at Max Smart, Nanavati, and Mohali (combined ~1,500 additional beds) will be operational over the next 3 months, with the Gurgaon greenfield facility on track for completion by FY26 end. Dwarka (303 beds): Newly operationalized asset light unit reported Rs 1.71bn of revenues and Rs 290mn of EBITDA loss for FY25. An additional 68 beds are set to be operationalized, with plans to expand further by 200 beds. Plans to commission Onco block in Q3FY26. Jaypee Noida: Reported Rs 2.28bn in revenue with a 21% EBITDA margin. Further margin expansion is expected through benefit from higher ARPOB and utilization. Lucknow (Phase 2): Added 128 beds on 9-12 floors through internal configuration along with 35 bed addition was done in May and plans to add another 39 beds in a year. Mgmt plans to add Onco block by Q2FY26

Fortis Healthcare’s (FORH) Q4FY25 EBITDA at Rs4.36bn; up 14% YoY was in line with our estimates. Though hospital margins improved by 170bps/190bps YoY in FY24/FY25, we see further scope for improvement aided by 1) improving case and payor mix, 2) cost rationalization initiatives including divestment of Richmond unit in Bangalore, ramp up of Manesar unit and 3) new brownfield bed additions. Fortis consolidated 89.2% stake in Agilus in Jan’25. We expect margins and revenue growth to further pick up from FY26 in Agilus.

Our FY26E and FY27E EBITDA stands marginally increased by 1-2%. We expect EBITDA to clock 21% CAGR over FY25-27E. At CMP, the stock is trading at 23x EV/EBITDA on FY27E, adjusted for Agilus stake. Maintain ‘Buy’ rating with revised TP of Rs785/share, valuing the hospital segment at 27x and diagnostic at 25x EV/EBITDA on FY27E.

Higher ARPOB; occupancy improved by 200 bps QoQ to 69%: Hospital business revenue increased 14% YoY (5% QoQ) to Rs17bn, vs our estimates of Rs16.7bn. Diagnostic business net revenue grew 3% YoY to Rs3.1bn. Hospital occupancy inclined to 69% vs 67% in Q3 and Q3FY24. ARPOB further improved by 8% YoY to Rs68.8k largely driven by improved case mix.

Strong show across segments: FORH’s consolidated EBITDA increased 14% YoY (16% QoQ) to Rs4.36bn, in line with our estimates. Hospital business EBITDA came in at Rs3.72bn, up 12% YoY; we estimated at Rs 3.6bn. Overall hospital OPM improved by 190 bps QoQ to 21.9%. The YoY decline in margins due to commercialization of Manesar unit and also Q4FY24 had certain positive one offs. Diagnostic business EBITDA increased 34% YoY to Rs630mn, with OPM of 20.6%. Adjusted for Rs. 190mn (vs 240mn in Q3FY25) of one-off expenses relating to rebranding, margins were at 26.8% vs 23.9% in Q3FY25. Net debt increased by Rs10.3bn QoQ to Rs16.9bn. There were Rs536mn one time impairment charges taken related to Ludhiana and Sri Lanka assets in Q4FY24.

Key con-call takeaways: Bed expansion: Overall ~2k bed expansion plan for FY26-29E. Mgmt plans to add ~1,000 beds at Noida, Faridabad, Jalandhar, FMRI, BG Road in FY26. FORH operationalized 60 and 20 beds at Noida and FMRI units in Q1FY26. Out of the total greenfield 350 beds in Manesar, FORH commercialized 90 beds as of Q4 and plans to add another 120 beds once occupancy ramps up. Expect to break-even by H1FY26.  Jalandhar Acquisition: FORH to finalize the deal to acquire 228 beds (potential to expand to 450 beds capacity) in FY26 which will enhance Punjab cluster capacity from 800 beds to ~1,600 beds (including Mohali & Amritsar expansions). Capex: Total capex incurred at Rs 7bn for FY25. ARPOB: growth guidance continues to be at 5-6% YoY. Occupancy– Management aiming at 70-72% occupancy levels for FY26 and Q1FY26 occupancy trend is healthy and similar to Q4. Guided to continue improving operational efficiencies supported by bed expansions, better case mix, and patient demand. Margin guidance- Hospital margin guidance of 150-200 bps YoY improvement to 22-22.5% while guided for diagnostic margins at ~23%; respectively for FY26. Escorts, Jaipur, Vashi are underperformers being restructured; not factored into margin guidance. Drivers for hospital margins: Hospital margins to improve on ramp up in brownfield expansion, full-year benefit of cost efficiencies, improved case mix, scale up in digital revenues and ramp up in occupancies through scaling operations in underperforming hospitals (e.g. Escorts, Jaipur, Vashi). Fortis brand acquired Rs2bn; will eliminates 0.3% EBITDA drag (FORH was paying 0.25% + GST as royalty) from FY26. Agilus: No further on-off cost-related branding expenses from FY26. B2C:B2B mix was at 51:49. Legal Costs: 1% EBITDA impact; expected to normalize post FY26.

We increase our FY26E/FY27E PAT estimates by 13%/10% as we fine tune our yield and fuel CASK assumptions. INDIGO reported better than expected performance with FX adjusted EBITDAR margin of 30.8% (PLe 28.5%) led by 1) 2.2% rise in yield to Rs5.32 aided by Maha Kumbh and 2) 6.6% fall in fuel CASK to Rs1.60 amid benign ATF prices. Notwithstanding near-term challenges amid the ongoing geo-political tensions, ASKM growth guidance of mid-teens for 1QFY26E is encouraging.  Further, we expect the overall pricing environment to remain stable with yields of Rs5.1 over next 2 years as the aviation market is now a duopoly with limited threat of predatory pricing. Plans to deepen international penetration (ASKM share to rise to 40% by FY30E), strategic focus on premiumization (“Indigo Stretch” already launched on 5 routes with 16 aircrafts) and subsiding AoG count will act as key growth and margin levers. We expect sales/EBITDAR CAGR of 15%/12% over FY25-FY27E and retain BUY on the stock with a TP of Rs6,084 (11x Sep-26E EBITDAR). Excess FX and ATF volatility is a key risk to our call. 

Revenue up 24.3% YoY: Revenue increased 24.3% YoY to Rs221.1bn (PLe Rs217.8bn). Passenger revenue increased 25.4% YoY to Rs195.7bn, while ancillary revenue increased 25.2% YoY to Rs21.5bn. Load factor stood at 87.4% (PLe 88.4%), while RASK was at Rs5.26. ASKM/RPKM was up 21.0%/22.7% to 42.1bn/36.8bn. Fuel CASK decreased 6.6% YoY to Rs1.60. Yield increased 2.2% YoY to Rs5.32 (PLe Rs5.19). Total fleet count stood at 434.

PAT at Rs30.7bn: EBITDAR increased 58.8% YoY to Rs69.5bn (PLe Rs62.1bn) (FX adjusted EBITDAR was Rs68.2bn) with a margin of 30.8% (PLe 28.5%). PAT increased 61.9% YoY to Rs30.7bn (PLe Rs28.9bn) (FX-adjusted PAT was Rs29.3bn).

Key takeaways: 1) 3 domestic and 7 international destinations have been added during the year. 2) Amid geo-political tensions, operations across 11 airports were suspended for 8 days in May leading to a cancellation of 170 daily flights. 3) Share of international ASKM stood at 30% in FY25. It is expected to touch 40% by FY30E. 4) Indigo has signed an agreement to damp lease 6 aircrafts from Norse Atlantic with plans to lease 5 more in 2HFY26. 5) Launched “Indigo Stretch” on 5 routes so far with 16 aircrafts with plans to extend it to 40 aircrafts 6) AoG count is in 40s. 7) Inducted 67 aircrafts during the year. 8) Purchased 2 ATR aircrafts (owned count is 8) in 4QFY25. 9) ASKM growth is likely to be in early double-digits in FY26E. 10) Around 19 routes and 34 flights have been impacted due to closure of Pakistan’s airspace. Flights to 2 destinations have been suspended. Indigo operates 2,200 daily flights and prima facie the impact from air-space closure appears limited. 11) As a policy, Indigo plans to hedge the cash outflows falling due in next 12 months after accounting for the natural hedge coming from international operations. 12) The aircraft engine and lease rental cost is expected to decline as damp leases would fall amid reduction in AoG count.

Bangalore, India – May 22, 2025 – Zendesk, a pioneer in Agentic AI-powered customer service, today announced the completion of its acquisition of Local Measure, a leading CCaaS (Contact Center as a Service) and advanced voice solutions provider and long-standing AWS partner. This strategic move expands Zendesk’s customer experience platform into larger, high-volume service environments through Local Measure‘s integration with Amazon Connect, AWS’s AI-powered contact center solution. The integration unifies digital and voice channels within a single intelligent platform, now offered as Zendesk for Contact Center, delivering scalable, secure, and flexible AI-powered voice and CCaaS solutions.   

“Voice remains a critical channel for businesses to support customers especially with urgent or complex issues,” said Adrian McDermott, Zendesk CTO. “Enterprises need intuitive and flexible voice solutions to deliver seamless, high-quality experiences at scale. By combining Zendesk’s AI-powered platform with Local Measure’s advanced voice capabilities, we offer a scalable solution that adapts to our customers’ needs, streamlines workflows, personalizes interactions, and protects data. This strengthens our commitment to advancing voice technology and delivering comprehensive solutions that help customers overcome today’s challenges while building for tomorrow’s needs” 

Local Measure’s platform transforms traditional IVR (Interactive Voice Response) by integrating AI-driven automation and real-time data to deliver personalized, dynamic voice experiences. This reduces agent workload while ensuring fast, accurate customer interactions. With advanced call routing and seamless integration of inbound and outbound voice channels, Local Measure supports Zendesk in evolving static IVR menus into more intelligent voice solutions. Leveraging AI agents to enhance and evolve IVR, Zendesk delivers smarter routing, proactive service, and better customer engagement — setting a new standard for next-generation voice messaging and scalable contact centers.

The intent to acquire Local Measure was initially announced in February 2025. The transaction was completed following satisfaction of customary conditions, including Local Measure’s shareholder approval and required regulatory and court approvals under Australian law. Zendesk is now focused on integrating Local Measure’s technology and expertise into Zendesk for Contact Center to accelerate innovation and deliver enhanced value to its customers worldwide. 

Bangalore, May, 22 2025 – Indiranagar welcomes its newest rooftop destination as BRICKS Bar & Kitchen opens its doors, offering residents a laid-back yet vibrant neighborhood bar experience that stands apart from the area’s typical nightlife options.

Located in the heart of Indiranagar near the Domlur Flyover on 100ft Road, BRICKS Bar & Kitchen aims to be the go-to spot for locals seeking a no-fuss place to unwind multiple times a week. The rooftop setting, adorned with lush greenery and warm wooden elements, creates a cozy sanctuary above the bustling streets below.

“The name ‘BRICKS’ symbolizes a strong foundation—not just in structure, but in relationships,” says Mr Parunraj Alexander, Operations Head at BRICKS Bar & Kitchen, Indiranagar. “We’ve created a space where friendships and stories are built and strengthened over food & drinks, with every visit. Whether it’s an after-work drink, a weekend hangout, or a live music night, you’ll always find good company, great drinks, and a space that feels like your own.”

With its unpretentious and community-driven vibe, BRICKS caters to the neighborhood locals, music enthusiasts, and casual drinkers who appreciate a well-curated menu. The culinary approach balances bar classics with local flavors, ensuring there’s something for every palate. The menu complements the drinking experience with quick bites, tandoori grills, and local favorites, while the beverage program features craft cocktails, beers, and straight drinks catering to both casual drinkers and cocktail enthusiasts.

Indiranagar will be the host to the second location for BRICKS Bar & Kitchen, post the successful debut of the brand in JP Nagar in 2024. BRICKS  will regularly host live bands, DJ nights, and fun social evenings, with screens available for major sporting events to add to the good vibes in a warm and welcoming environment.

INDIA, MAY 22, 2025 – the global leader in delivering and securing every app and API, today announced an expanded collaboration with Red Hat, the world’s leading provider of open-source solutions, to help enterprises deploy and scale secure, high-performance AI applications. By enabling integration for the F5 Application Delivery and Security Platform with Red Hat OpenShift AI, F5 customers can adopt AI faster and more securely, focusing on practical, high-value use cases such as retrieval-augmented generation (RAG), secure model serving, and scalable data ingestion.

“Enterprises are eager to harness the power of AI, but they face significant challenges in scaling and securing these applications,” said Kunal Anand, Chief Innovation Officer at F5. “Our collaboration with Red Hat aims to simplify this journey by providing integrated solutions that address performance, security, and observability needs, enabling organizations to realize tangible AI outcomes.”​

This collaboration comes at a time when AI adoption is accelerating. According to F5’s 2025 State of Application Strategy Report, 96% of organizations are now deploying AI models, a significant increase from just 25% in 2023. Additionally, the report highlights that 72% of respondents aim to use AI to optimize application performance, while 59% focus on cost optimization and security enhancements.

To support these growing demands, F5 is collaborating with Red Hat to focus on the real-world building blocks enterprises need to operationalize AI. From securing data pipelines to optimizing inference performance, F5 solutions are tailored to help organizations deploy AI with confidence, speed, and control.

Key areas of collaboration include:

• RAG and model serving at scale – F5 supports AI-powered applications on Red Hat OpenShift AI that combine large language models with private datasets, helping to ensure secure data flow, high GPU utilization, and fast response times.
• Big data movement and ingestion – With MinIO and F5 working in tandem on Red Hat OpenShift AI, customers can accelerate the ingestion of large datasets for training and inference.
• API-first AI security – F5 provides robust protection against evolving threats like prompt injection, model theft, and data leakage through its F5 Distributed Cloud WAAP and F5 BIG-IP solutions.​

As part of its vision, F5 is committed to driving open-source innovation through its collaboration with Red Hat. Red Hat OpenShift AI provides a modular, open platform for building and deploying AI applications across hybrid environments, while F5’s API Gateway and AI security capabilities are designed to integrate more seamlessly—without locking customers into a single cloud or toolset. With this collaboration, F5 is helping organisations take an open, flexible approach to AI infrastructure using Red Hat OpenShift AI.

“As AI becomes core to how businesses operate and compete, organizations need platforms that offer flexibility without compromising security,” said Joe Fernandes, Vice President and General Manager, AI Business Unit, Red Hat. “We believe the future of AI is open source, and Red Hat OpenShift AI, when used in combination with F5’s robust security and observability, gives organizations the necessary tools to build and scale AI applications with greater confidence, anywhere they choose to run them.”

The collaboration will be featured at this week’s Red Hat Summit 2025 (May 19–22 in Boston), where F5 and its partners will highlight real-world AI use cases—including secure model serving and RAG workloads—built on Red Hat OpenShift AI.

Mumbai, May 22, 2025: Audi, the German luxury automotive brand, today launched ‘Drive Sure’, a strategic driving training program. Aimed at empowering performance-oriented car owners and drivers to be safe, skilled and responsible behind the wheel, Audi Drive Sure will equip drivers with advanced technical expertise and safety awareness. The program addresses India’s road safety agenda by aiming to bridge the gap between modern vehicle technologies and driver readiness.

Audi Drive Sure addresses these gaps through a dual curriculum for young drivers and chauffeurs. The program builds on Audi’s two-decade-long presence in India, where it has delivered over 100,000 vehicles. Customer loyalty has been a crucial factor; today, every fourth car sold in India is to an existing customer.

Mr. Balbir Singh Dhillon, Head of Audi India, said, “At Audi, ‘Vorsprung durch Technik’ is more than just an engineering principle; it’s a commitment to societal progress. Audi Drive Sure embodies this ethos by addressing a critical gap in India’s mobility landscape: the intersection of performance-oriented technology and human readiness. We intend to create a generation of drivers who respect power as much as they master it. By training young adults to navigate various terrains and driving situations, this program aims to elevate all Audi owners and chauffeurs to become brand ambassadors of safety-first driving behaviours.”

Audi India is proud to introduce “Drive Sure,” an Audi Driving Program curated for luxury car owners to equip them with confidence to drive responsibly on all terrains and driving situations. The program will involve a comprehensive workshop, which will help prepare the participants to handle the responsibility that comes with driving performance-oriented vehicles.

For chauffeurs, a special training program has been curated, imparting knowledge about elite grooming & professional conduct, safe driving behaviors and Audi Technology, in a bid to ensure chauffeurs reflect the brand’s luxury image.

New Delhi | 22 May 2025 – Kairali – The Ayurvedic Healing Village, the flagship wellness destination of Kairali Ayurvedic Group located in Palakkad, Kerala, has been awarded the Clinical Establishment Permanent Certificate under the Kerala Clinical Establishments (Registration and Regulation) Act, 2018.

Valid through 2030, this certification affirms Kairali Ayurvedic Health Resorts Pvt. Ltd.’s adherence to global benchmarks in patient safety, infection control, and authentic Ayurvedic treatment protocols. It recognizes Kairali’s longstanding commitment to delivering diagnostic and therapeutic care with clinical precision and holistic integrity.

Abhilash K. Ramesh, Executive Director, Kairali Ayurvedic Group said, “A Clinical Establishment Permanent Certificate is a crucial document for any healthcare facility in India, underscoring our commitment to excellence in patient care, adherence to stringent healthcare standards, and continuous improvement in medical services.”

The certification not only provides Kairali with strengthened legal standing but also enhances operational transparency and accountability, further solidifying its reputation as a global leader in Ayurveda.

“We are a NABH Hospital built in a resort environment, providing care and treatments to global visitors for over 25 years now. This certificate is another way of thanking them for reposing their trust in us year after year.”

Mumbai, May 22, 2025: GMM Pfaudler Limited, global leader in corrosion-resistant technologies, systems, and services, announces its fourth quarter (Q4 FY25) and annual (FY25) results for the period ended March 31, 2025.

Financial Performance

Consolidated

 Key Highlights

Consolidated:

• FY25 Revenue and EBITDA* down by 7% and 20% respectively compared to the previous year
• Q4 Revenue and EBITDA* up 9% and 4% respectively compared to the same period previous year
• Order Intake at ₹3,102 crore, up 3% compared to the previous year
• Order Backlog stands at ₹1,636 crore, down 3% compared to the previous year
• Global Manufacturing Footprint optimization continues:
• Closure of Leven, UK site will be completed by Q2 FY26
• Closure of Hyderabad, India site completed
• Low-cost manufacturing site in Poland established; capacity increase program initiated
• Strong free cash flow generation of ₹ 318 crore in FY25, an improvement of ₹ 97 crore over previous year

India:

• Strong performance in Q4 with Revenue of ₹ 252 crore and EBITDA* of ₹44 crore, EBITDA* Margin at 17.4%
• Significant Improvement in profitability in H2 FY25 due to an increase in volume, favorable product mix, and an ongoing cost optimization program, the benefits of which will continue into FY26
• Opening Order Backlog for FY26 is higher by 20% at ₹549 crore

Other Business Highlights:

• Mr. Gregory Gelhaus appointed as Chief Transformation Officer
• The Board recommended a final dividend of ₹1 per equity share, subject to requisite approvals. Total dividend for FY25 (including interim dividend) would be ₹2 per equity share

Bengaluru, 22 May 2025: THINK Gas, India’s leading City Gas Distribution (CGD) company, is accelerating country’s transition towards low-emission transport for long-haul heavy-duty truck mobility with the strategic rollout of 3 (three) new LNG filling hubs/points after the successful operation of its flagship LNG station at Bagroda, Bhopal. As a merged CGD entity of AG&P Pratham and THINK Gas, now operating under the THINK Gas brand, the 3 new LNG fuelling hubs/points, strategically located to serve long-haul mobility, will be in Anantapur, Nellore (in Andhra Pradesh), and Vallam (in Tamil Nadu’s Kanchipuram District), and are expected to be operational by September’ 2025.

In addition, 3 more LNG fuelling hubs/points will become operational by December 2025, reinforcing the company’s focus on long-haul clean mobility infrastructure.” THINK Gas is integrating the new LNG hubs with its well-established LCNG Stations (Liquefied to Compressed Natural Gas), allowing for seamless distribution, enhanced infrastructure utilisation, and efficient service delivery to fleet operators and logistics providers.

“India is entering a new era of energy transformation, and at THINK Gas, we are proud to be at the forefront of that journey” said Mr. Abhilesh Gupta, Managing Director and CEO, THINK Gas. “The addition of 6 (six) new LNG filling hubs/points at our existing LCNG Stations marks a major milestone in our mission to accelerate the adoption of low-emission fuels in the heavy commercial vehicle segment and also drives economic growth by providing fleet operators with cost-effective fuel”

“We currently operate 18 LCNG stations across our authorised geographical areas. These stations are now being equipped with LNG dispensing capabilities to support the growing demand for long-haul, low-emission transport solutions.” The timing couldn’t be more critical. India is aiming to boost Natural Gas’s share in its energy mix from ~6% to 15% by 2030 in line with the Hon’ Prime Minister of India’s vision, and scalable LNG infrastructure will be the bedrock of that transition. With supportive government policies, increasing OEM participation, and mounting pressure on the logistics sector to decarbonize, fleet operators are rapidly transitioning from diesel to LNG, drawn by its cleaner emissions profile and compelling operating economics.”

THINK Gas operates India’s largest LNG carrier fleet, comprising 61 specialized transport trucks that ensure a reliable, nationwide supply of clean fuel. Backed by a strong logistics backbone and 18 operational LCNG stations, the company is uniquely positioned to serve long-haul freight corridors and key industrial hubs with efficiency and scale. This newly announced infrastructure push will enable LNG-powered vehicles to seamlessly refuel across key national routes, reducing dependence on traditional fuels while cutting emissions significantly.

One of THINK Gas’s most notable innovations is its Net Metering service for LNG, which allows logistics partners to track fuel usage in real-time—bringing transparency, control, and cost savings to fleet operations. This service is particularly attractive for companies aligned with ESG commitments and under pressure to decarbonize transport chains.

Additionally, the company’s stations are equipped with advanced Boil-off Gas (BoG) management systems, ensuring no methane is released into the atmosphere. This technology not only preserves fuel but reinforces the sustainability credentials of THINK Gas’s offering. THINK Gas is also collaborating with leading OEMs, retrofitters, logistics firms, and transporters to enable smoother LNG truck adoption and ensure vehicle availability matches fuelling infrastructure rollout.

Through this ambitious expansion and infrastructure push, THINK Gas is not just scaling up its LNG footprint, it is actively shaping the future of clean mobility in India. By enabling seamless access to LNG across key freight corridors and industrial hubs, the company is driving a powerful shift toward sustainable, low-emission logistics. With ongoing collaborations along high-demand routes such as the Delhi-Mumbai Industrial Corridor, Eastern Freight Corridor, and the Southern economic belt, THINK Gas is firmly positioned as a catalyst in India’s green freight transition.

National,22 May 2025: In a landmark step toward enhancing transparency and accountability in India’s competitive test prep ecosystem, ALLEN Career Institute has become the first institute in the Science stream (JEE and NEET) to have its student selection data and topper results independently validated by a leading professional services firm, EY India (EY).

Amid growing concerns about multiple institutes claiming the same student’s success, ALLEN’s partnership with EY India reinforces its longstanding commitment to transparency. By subjecting its results to one of the world’s most trusted audit firms, ALLEN aims to eliminate ambiguity and set a new benchmark for credibility in the test prep ecosystem.

“At ALLEN, we believe trust is earned through actions, not just words. For over 37 years, ALLEN has been synonymous with academic excellence and genuine outcomes. But in today’s age of information overload, by validating our results through EY India, we are reinforcing our commitment to transparency, integrity, and student-first values,” said Nitin Kukreja, CEO of ALLEN Career Institute.

ALLEN has consistently delivered authentic and exceptional results. Since 2024, its results have been validated by EY India. In the JEE Main 2025 results, 33 students from ALLEN secured ranks in the Top 100 All India Ranks. These achievements reaffirm ALLEN’s legacy as a result-oriented institute driven by integrity and student success.

EY’s Validation Process
EY India, validated student selection data and topper results, ensuring zero internal bias. This third-party validation boosts confidence among students, parents, and stakeholders while setting a national precedent for the test prep ecosystem.

Shaping the Future of Test Prep Ethics
As a leader in the space, ALLEN’s pioneering step is expected to inspire other institutions to follow suit, embracing a higher standard of transparency and accountability. The initiative promises to benefit students across the country and help restore public trust in India’s vast test prep ecosystem.

India, 22 May, 2025: JioStar Kids, the unrivaled leader in kids’ entertainment, has brought to life an extremely relatable world of a 10-year-old master of bahanas in its brand-new show Bittu Bahanebaaz, currently airing on Sonic daily at 12:30 PM with repeats at 9 AM and 7 PM, and same day drops on JioHotstar.

The show follows the adventures of Bittu, a bright and quick-witted 10-year-old who always comes up with hilarious and imaginative excuses to wriggle out of everyday challenges. Packed with humour and relatable moments from daily life, this series celebrates the playful side in all of us because let’s face it, there’s a little bit of Bittu in everyone! With a world where rules bend and creativity wins, Bittu’s antics are sure to entertain kids and families alike. Adding even more relatability to the show is its catchy title track, beautifully written by the legendary Gulzar Sahab, perfectly bringing Bittu’s vibrant world to life.

JioStar Kids Network has been a pioneer in bringing Indian kids closer to stories and characters that feel like friends. With shows like Motu Patlu, Chikoo aur Bunty, Pinaki & Happy – The Bhoot Bandhus, Rudra, the network has won the hearts of kids and families and Bittu Bahanebaaz is the latest local gem to join this ever-growing set of shows.

Bittu Bahanebaaz is currently airing on Sonic daily at 12:30 pm and will also be available on JioHotstar!