(Bloomberg) --   Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Tega Industries Ltd. has agreed to buy control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion, making it the biggest US deal by an Indian company in three years. The Kolkata-based manufacturer of mining and mineral processing gears will acquire the American Industrial Partners-affiliate in consortium with fu ...

Tega agrees to acquire control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion https://t.co/6nTaCvzG25 ...

PRESS RELEASE FLSmidth & Co. A/S10 September 2025, Copenhagen, Denmark Following a long-standing partnership, a progressive Indian miner and steelmaker has yet again selected FLS to deliver core mining technologies to what is set to become one of the world’s largest, most efficient and sustainable iron ore beneficiation plants globally. This is the fourth consecutive order that FLS has received from the customer within the past nine months. The order includes the delivery of the world’s largest filtered tai ...

Investment Rating - The report maintains a "BUY" rating for SANY International, indicating a potential return of over 15% over the next 12 months [1][26]. Core Views - SANY International is expected to return to a growth trajectory in 2025, driven by stabilized demand for road headers, strong growth in large-size port equipment, and better-than-expected domestic mining truck sales, which will offset weak sales of combined coal mining units [1]. - The emerging business segments are projected to incur manageable losses of approximately RMB 200-250 million in 2025, alleviating market concerns [1]. - The target price has been revised up to HK$8.70, reflecting a 40.8% upside from the current price of HK$6.18, with an unchanged multiple of 11x 2025E P/E [3]. Financial Summary - Revenue is projected to grow from RMB 20,278 million in FY23A to RMB 25,396 million in FY25E, representing a year-on-year growth of 15.9% [2]. - Adjusted net profit is expected to increase from RMB 1,929 million in FY23A to RMB 2,243.8 million in FY25E, with a year-on-year growth of 21.3% [2]. - The P/E ratio is forecasted to decrease from 9.3x in FY23A to 8.1x in FY25E, indicating an attractive valuation [2]. Revenue Breakdown - Revenue from road headers is expected to increase by 5.0% in 2025E, while large-size port machinery revenue is projected to surge by 20.0% [17]. - Domestic wide-body truck sales are anticipated to grow significantly, with a 36% year-on-year increase expected in 1Q25 [9]. - Large port machinery revenue surged 74% year-on-year in 1Q25, with expectations for further acceleration in 2Q25 [9]. Share Performance - The stock has shown a 26.9% increase over the past three months and a 27.2% increase over the past six months [5]. - The current market capitalization is approximately HK$19.86 billion, with an average turnover of HK$34.8 million over the last three months [3]. Shareholding Structure - Sany Heavy Equipment holds a 66.4% stake in SANY International, with a free float of 33.9% [4].

Investment Rating - The report upgrades FLSmidth to a Buy rating from Neutral, with a 12-month price target increased to DKK 430 from DKK 340, indicating an upside potential of 17.9% [1]. Core Insights - The report highlights that FLSmidth is expected to improve its margins by +320 basis points to 14.2% by 2027, driven by SG&A savings and a higher mix of service and PCV [1]. - The current EV/EBIT multiple of 9.9x is below its 10-year median of 11.5x, suggesting a re-rating is warranted as the company enhances its margin prospects [1]. - FLSmidth is in exclusive negotiations to divest its Cement business, which could act as a catalyst for a re-rating as it transitions to a pure-play mining business [1]. - The company anticipates a gradual increase in orders, forecasting group orders to be +0.3%/+0.7%/+1.8% above consensus for FY25/26/27 [1]. Financial Projections - Revenue projections for FLSmidth are DKK 20,187 million for FY24, DKK 18,683.9 million for FY25, DKK 19,341.2 million for FY26, and DKK 20,269.9 million for FY27 [2]. - Adjusted EBIT estimates are projected to be DKK 1,998.5 million for FY24, DKK 2,271.3 million for FY25, DKK 2,419.7 million for FY26, and DKK 2,642.5 million for FY27 [2]. - EPS is expected to grow from DKK 22.51 in FY24 to DKK 32.50 in FY27, reflecting a positive growth trajectory [2]. Valuation Metrics - The report provides various valuation ratios, including a P/E ratio of 15.3x for FY24, decreasing to 11.2x by FY27, indicating an attractive valuation as earnings grow [7]. - The dividend yield is projected to increase from 2.3% in FY24 to 3.6% in FY27, suggesting a commitment to returning capital to shareholders [7]. - The report notes a low net debt to EBITDA ratio of 0.2x for FY25, indicating a strong balance sheet position [7]. Market Position and Strategy - FLSmidth is positioned as a leader in the mining equipment sector, with a focus on enhancing its service offerings and operational efficiency [13]. - The company aims to close the margin gap with its mining equipment peers, which trade at an average EV/EBIT multiple of 14.35x [1]. - The transition to a service-based business model is expected to support higher margins and improved returns on invested capital (ROIC) [33][39].

Core Insights - A progressive Indian miner and steelmaker has chosen FLS to supply a comprehensive flotation technology package for a new iron ore beneficiation plant, which is expected to be one of the largest and most efficient globally [1] - The plant will utilize domestic low-grade iron ore, which will be upgraded to a high-purity final product using FLS flotation systems [1] Group 1: Technology and Performance - FLS conducted extensive laboratory and on-site pilot testing to develop a beneficiation flowsheet that ensures high metallurgical performance and operational flexibility [2] - The selected technology includes FLS nextSTEP™ flotation cells, equipped with mechanical and process condition monitoring, along with KREBS millMAX pumps for froth and slurry transport [2] Group 2: Customer Relationship and Orders - This order marks the third consecutive purchase from the customer within six months, with the iron ore being processed from 18 vertical tower mills ordered from FLS for Q1 2025 [3] - The customer also ordered two high-pressure grinding rolls (HPGRs) from FLS in Q4 2024, along with additional KREBS pumps and hydrocyclones for the grinding circuits [3] Group 3: Installation Timeline and Impact - All FLS technologies are expected to be installed and commissioned during 2026/2027 [4] - The CEO of FLS emphasized the significance of this order as a testament to strong customer relations and confidence in FLS's market-leading technologies, which will lead to reductions in energy, water, and grinding media consumption [5] Group 4: Order Details - The order was booked in Q2 2025, although the value of the order has not been disclosed [6]

今年8月万泰股份作为华为矿鸿OSV的正式签约代表，正式迈入矿鸿OSV生态合作伙伴的 行列。 本文为IPO早知道原创 值得关注的是，今年8月万泰股份作为华为矿鸿OSV的正式签约代表，已正式迈入矿鸿OSV生态合作 伙伴的行列。公司依托矿鸿系统的强大支撑，深耕智能通风、智能供电、智能排水等关键保障应用场 景，致力于开发高效、可靠的解决方案，以推动装备智能化的不断升级，进而提升生产效率，确保作 业人员的安全，为煤矿行业的数字化、智能化转型注入强劲动力。 本文由公众号IPO早知道（ID：ipozaozhidao）原创撰写，如需转载请联系C叔↓↓↓ 作者｜Eric 微信公众号｜ipozaozhidao 11月15日，淮南万泰电子股份有限公司(以下简称"万泰股份"或公司)申请上会。 据悉，公司煤矿领域主要产品为智能防爆设备和智能矿山信息系统。公司的智能防爆设备包含智能控 制设备、智能传动设备、智能环境设备及配件产品，基本覆盖了井下电力系统中的供电、配电、受电 的各个领域以及动力设备、除尘设备。 公司智能矿山信息系统是将软件集成或嵌入至硬件后形成的 软硬件一体化系统产品，可以运用于井下采掘、运输、洗选、经营管理等复杂场景，能 ...