PRIVI SPECIALITY CHEMICALS 1380-1480
Expected level 1800
Support 1200

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Thermax

Thermax Ltd. is prepared for large-scale capex to set up a solid oxide electrolysers manufacturing unit in India, the company’s Chief Executive Officer Ashish Bhandari said.

Recently, the Indian multinational engineering conglomerate announced a partnership with UK-based Ceres Power Ltd. for green hydrogen production with large-scale solid oxide electrolysis cell manufacturing in India.
The two companies have entered into an agreement for Thermax to manufacture, sell and service stack array modules based on Ceres' advanced solid oxide electrolysis cell technology.

Thermax also plans to establish a manufacturing facility for the electrolysers, develop the supply chain, and localise critical components over the next two years.
“The investment (towards indigenisation of the project) will change depending on the success that we get at each stage but we are prepared for hundreds of crores of investments on setting up full-scale manufacturing capability for solid oxide electrolysers,” Bhandari told NDTV Profit.

The Thermax CEO said that hydrogen as a technology for the future will be important for India’s many hard-to-abate industries like steel, refining, petrochemicals, and fertilisers

“I think solid-oxide technology for electrolysis is a key tech that can make this change happen faster,” he said.

The company is focusing more on green technology, which is reflected in the breakup of its Rs 10,500-crore order book, Bhandari noted.

“Right now, we are running about 70% of what we call as green (energy) and 30% of traditional fossil fuel,” the top executive said.
With the new opportunities towards green transition, Bhandari said that he expected the margins of the company to improve.

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📊 Leading Solar Module Manufacturers 📊

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EPL Limited Company details

EPL Limited formerly known as Essel Propack Limited is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the Beauty & Cosmetics, Pharma & Health, Food, Oral and Home.

The company was acquired by the Blackstone group on Aug – 2019 from the Essel group of companies. The Blackstone Group is one of the leading investment firms in the world with an AUM of around USD 511 billion across sectors like private equity, real estate, hedge fund solutions and credit businesses. The Group also has an exposure in the packaging industry through acquisition of varied companies such as the USA based Graham Packaging, Owens-Illinois Inc, Ohio and China based packaging firm ShyaHsin.

EPL functions in 11 countries through 21 facilities employing 3500+ people.

Global Footprints
The company is the world's largest global specialty packaging company with annual capacity of ~8 billion Tubes with manufacturing units operating across USA, Mexico, Colombia, Brazil, Poland, Germany, Egypt, China, Philippines and India.

Category wise - Revenue Bifurcation FY24
Oral Care - 53%
Beauty & Cosmetics - 34%
Pharma - 10%
Home & Industrial - 4%

Geographical Revenue Bifurcation -F24
A) Europe - 21% of Revenue, 2 Plants
B) America - 23% of Revenue, 4 Plants
C) AMESA - 34% of Revenue, 9 Plants
D) EAP - 22% of Revenue, 6 Plants

Company Operational

EPL manufactures plastic laminate sheets in India and China, and supplies them to other plants which are then converted into tubes, printed, and capped before being sold. EPL is expanding its in-house production of caps and closures to further integrate operations.

It has multi-national and Indian clients such as P&G, Colgate, Unilever, GSK, Reckitt Benckiser, Johnson & Johnson, Dabur, Emami, Himalaya, Patanjali, etc. Its relationship with its customers has helped to maintain its market share and to face the competition from unorganized players

Subsidiaries

The Company operates in 10 other countries, besides India, through direct and step-down subsidiaries and one associate. They are divided into 4 regions – AMESA, EAP, EUROPE, and AMERICAS. The Company acquired 73% equity shares in Creative Stylo Packs Private Limited (CSPL) and accordingly, CSPL became a subsidiary of the company on 1 February 2021. [6]

EPL Limited 220-265
Expected level 300
Support 210

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Stocks Related to EServices may be long term Multibaggers

1.BSE

2.CDSL

3. KFIN TECHNOLOGIES

4. Protean e governments

Parag Milk Foods195-232
Expected level 300
Support 178

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Stocks to buy with a potential upside of 32%.

1⃣ Transport Corporation of India.
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35 Companies with consistently increasing quarterly EPS growth over the past five quarters, from June 2023 to June 2024.

↑ Zomato
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📊 Top 10 Defence Companies Ranked By Order Book Value 📊

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Order Book Value: ₹94,000 crore

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Order Book Value: ₹2,365 crore

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Order Book Value: ₹1,740 crore

🔟 Zen Technologies Ltd
Order Book Value: ₹1,400 crore

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Top 9 Infrastructure Stocks In India

1️⃣ Reliance Industries

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3️⃣ Larsen & Toubro

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5️⃣ Oil & Natural Gas Corporation

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