Finvezto Daily Market Bytes, 15 Jan 2025
Welcome to Finvezto Bytes. We cover the most important news related to Indian Stocks. Everything that matters, nothing that doesn't.
NEW ORDERS & PROJECTS
🟢 Premier Energies secured multiple orders worth ₹1,460 Cr for solar module supply starting May 2025 from major independent power producers.
🟢 Adani Energy Solutions won transmission projects worth ₹28,455 Cr in Q3FY25, taking under-construction project pipeline to ₹54,700 Cr.
🟢 IRFC emerged as lowest bidder to finance ₹3,167 Cr Banhardih coal block development project in Jharkhand for Patratu Vidyut Utpadan Nigam.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Optiemus Unmanned Systems, a subsidiary of Optiemus Infracom, partnered with Taiwan’s KunWay Technology to manufacture drones in India. The collaboration aims to localize production, focusing on defense and homeland security needs.
🟢 L&T launched INS Utkarsh, the second multi-purpose vessel for the Indian Navy, at Kattupalli Shipyard on January 13, 2025. The 106-meter vessel enhances naval capabilities for diverse operations, including surveillance and disaster relief.
🟢 Tata Communications partners with JLR to upgrade connectivity for upcoming medium-sized electric SUVs using MOVE platform for seamless network transitions.
CORE BUSINESS
🟢 Adani Green's subsidiary commissioned 57.2 MW wind power component at Khavda project, taking total operational renewable capacity to 11,666 MW.
🟢 Blue Dart launched a 2.5 lakh sq. ft. integrated logistics hub in Bijwasan, Delhi on January 14, 2025. The facility features 600-kW solar power installations and India's largest low-emission integrated operating facility.
🟢 AllCargo Gati reports total cargo volume of 113kt in December 2024, up from 105kt YoY and 102kt MoM.
INDIAN ECONOMY
🔴 India’s wholesale price inflation rose to 2.37% in December 2024, up from 1.89% in November. The increase was primarily driven by higher prices in food articles and textiles.
🔴 Rupee recorded steepest decline in nearly two years, hitting all-time low of 86.64 against dollar, despite RBI intervention.
🟢 India maintained its position as the world’s third-largest car market in 2024, despite a slowdown in growth. Passenger vehicle sales reached 42,74,793 units, marking a 4.2% increase from 2023. This growth rate, however, was less than half of the previous year’s 8.35%.
🔴 India's sugar crop hit by disease, dashing traders' export hopes with production at lowest since 2019-20.
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Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This daily update highlights market trends for your awareness. It does not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.