Grasim Industries Limited (GRASIM) has announced a strategic partnership with Suzlon Energy to develop, commercialize, and scale India’s first wind turbines with recyclable blades powered by Recyclamine® technology. This collaboration aims to advance circularity in the wind energy sector and promote sustainable end-of-life solutions for wind turbine blades.

Partnership Details

The Memorandum of Understanding (MoU) was signed at the Bharat Renewable Energy Summit & Expo 2026. The partnership leverages Grasim’s Recyclamine® epoxy technology, which enables chemical recycling of wind turbine blades, thus recovering valuable composite constituents for reuse in new applications. Suzlon, as the wind turbine OEM, will integrate this technology into the manufacturing of recyclable wind turbine blades.

Commercial Viability

Aditya Birla Renewables Limited (ABRe n), a subsidiary of Grasim, will deploy a wind turbine equipped with recyclable blades at one of its selected project sites. This initiative demonstrates the commercial viability of circular blade technology under real-world operating conditions. The parties will also explore broader commercialization and market adoption of recyclable blade-enabled wind turbines across India and other mutually agreed markets.

Future Prospects

Rajesh Balakrishnan, CEO of Grasim’s Advanced Materials, emphasized that this collaboration marks an important step toward building a circular wind energy ecosystem. Girish Tanti, Co-Founder of Suzlon Group, highlighted the potential for significant CO₂ savings and the commitment to making all future turbines recyclable within the next three to four years. Amit Jain, CEO of ABRe n, underscored the importance of addressing end-of-life challenges associated with wind turbine blades and advancing circularity within the renewable energy sector.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Grasim Industries Limited

Grasim Industries Limited belongs to the Basic Materials › Building Materials sector. Here’s a quick read on where the business and the stock stand today.

Grasim moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock holds at 46% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. Revenue grows at 14.3% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Grasim Industries Limited.

Meghmani Organics Limited (MOL) announced its financial results for the second quarter ended 30 September 2026 (Q2 FY27). The company reported a revenue of ₹658.2 crore, up by 18% year-on-year (YoY). Net profit increased by 6% YoY to ₹45.3 crore, while EBITDA remained flat YoY at ₹70.9 crore. EBITDA margin for the quarter was impacted by elevated input and logistics costs.

Segment Performance

Crop Protection constitutes ~75% of the overall company’s revenue in Q2 FY27. Revenue and EBITDA stood at ₹496.7 crore and ₹54.6 crore respectively. EBITDA margin stood at 11.0%. Capacity utilisation for the segment stood at 72%. Production stood at 10,019 MT, remaining flat YoY.

Half-Year Results

For the half year ended 30 September 2026 (H1 FY27), revenue from operations stood at ₹1,181.2 crore, up by 3% YoY. Net Profit increased by 23% YoY to ₹102.9 crore and EBITDA grew by 9% YoY to ₹164.6 crore. EBITDA margin stood at 13.9%. Commenting on Q2 FY27 performance, Mr. Ankit Patel, Chairman & Managing Director said “We delivered healthy 18% YoY growth in revenue during the quarter, reflecting a continued positive momentum. However, due to sharp increase in input and logistics costs, and realisations remaining broadly flat, our margins during the quarter were impacted. While the near-term cost environment remains challenging, we are taking focused measures to optimise our product mix and improve our operating efficiencies.”

About Meghmani Organics Limited: MOL is a fully integrated diversified chemical company with presence in the Crop Protection, Crop Nutrition and Pigments. MOL is amongst the top three global Phthalocyanine based pigment players enjoying an 8% market share and amongst the top-10 manufacturers of pesticides in India with a presence across the entire value chain. MOL has 40+ brands of various pesticides formulations in India and has over 400+ customer base across diverse industries. MOL has a global presence in 75+ countries and a wide distribution network of 3,500+ distributors and dealers across India. The company garners ~85% of its topline from the export markets as on FY26.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Meghmani Organics Limited

Meghmani Organics Limited belongs to the Basic Materials › Agricultural Inputs sector. Here’s a quick read on where the business and the stock stand today.

Meghmani rises 27.0% over three months, with buying pressure holding steady. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -5.3% CAGR. That signals structural headwinds, not a short-term blip. The stock holds at 49% of its 52-week range with RSI at 52. In other words, neither side has a clear edge right now. The stock rises 27.0% in three months. Yet revenue grows at only -5.3% and the PEG stands at 99.00. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of Meghmani Organics Limited.

Ester Industries Limited (ESTER) announced its unaudited financial results for the second quarter and half year ended 30th September 2026, showcasing a robust performance with significant revenue growth and improved margins. The company reported a consolidated total income increase of 25.7% year-on-year to ₹449.0 crores, while EBITDA more than doubled, rising 160% year-on-year to ₹45.1 crores. The EBITDA margin expanded significantly to 10% from 4.9% in Q2FY26, reflecting improved operating performance and better business mix.

Strong Financial Performance

The positive trend witnessed in Q1FY27 continued during Q2FY27, driven by higher realizations, increased throughput, and a favorable product mix. The company’s PAT turned positive at ₹7.80 crores, compared with a loss of ₹15.8 crores in the corresponding quarter last year. The operating environment for the BOPET Film industry remained stable during Q2 FY27, with the US tariff-related disruptions witnessed in FY26 largely behind us.

Operational Efficiency and Future Outlook

Commenting on the performance, Mr. Arvind Singhania, Chairman, Ester Industries said: ‘The improvement witnessed in Q1FY27 continued during Q2FY27 with improving operating environment, higher realizations, increased throughput and a favorable product mix.’ The company remains confident about its medium to long-term growth prospects, supported by improving industry conditions, favorable regulatory tailwinds, and its continued focus on premium and Value-Added products. Looking ahead, Ester Industries is committed to driving profitability growth and reducing its environmental footprints through operational efficiency and advanced Specialty products.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Ester Industries Limited

Ester Industries Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.

Ester moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 44% of its 52-week range with RSI at 49. In other words, neither side has a clear edge right now. Revenue grows at 7.4% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Ester Industries Limited.