Cummins India Limited
LIC increased its stake in Cummins India Limited from 1.10% to 1.20%, buying 279,163 shares. The approximate value of these additional shares is ₹152.12 crore, based on the share price of ₹5448.00.
A subsidiary of US-based Cummins Inc., this company designs, manufactures, and distributes diesel and alternative fuel engines ranging from 2.8 to 100 liters for various industrial applications. It produces power generator sets up to 3000 kW capacity alongside related components and technology. The company serves industrial, commercial, and infrastructure sectors across India through its integrated manufacturing and service operations.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.