Finvezto Market Bytes, 03 Apr 2025
I share the most important stock market related news I read everyday in a bite-sized format. No Noise. No Ads.
NEW ORDERS & PROJECTS RECEIVED
🟢 NBCC (India) Limited has secured a ₹215 Cr project comprising two orders - a ₹166.93 Cr infrastructure development project at Central University of Haryana and a ₹48.70 Cr PMC service contract from Western Regional Power Committee.
🟢 GPT Infraprojects Limited secured a ₹481 Cr contract from South Eastern Railway for constructing Bridge No. 57 over River Rupnarayan on the Howrah-Kharagpur route, including viaduct approaches and Kolaghat Station with elevated platforms.
🟢 Bharat Electronics signed a ₹593.2 Cr contract with Indian Air Force for maintaining the Akash Missile System that it had previously supplied.
🟢 Kirloskar Oil Engines received a ₹270 Cr order from Ministry of Defence to supply prototype medium-speed marine diesel engine of 6 megawatt capacity.
🟢 Interarch Building Products received a Letter of Intent for a ₹300 Cr order to manufacture, supply, and install pre-engineered steel building systems.
🟢 Mahindra Lifespace Developers appointed as preferred partner for redevelopment of two residential societies in Mumbai's Andheri West valued at approximately ₹1,200 Cr.
🟢 GE Power India received an order worth ₹38.2 Cr from NTPC for the supply of Generator parts.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Hindustan Copper Limited signed an agreement with CODELCO (Chile's state-owned copper producer) for cooperation in mining exploration and mineral beneficiation.
🟢 L&T Technology Services signed a €50 million deal with European automotive OEM to establish development center for software-defined vehicles and advanced driver-assistance systems.
🟢 Lupin's UK-based arm entered an agreement to acquire entire stake in Renascience Pharma for GBP 12.3 million, expanding its pharmaceutical portfolio.
🟢 Allcargo Logistics arm acquired additional stake in Japan-based Ecu Worldwide to expand FCL and LCL business.
🟢 Reliance Industries plans to invest ₹65,000 Cr for 500 compressed biogas plants in Andhra Pradesh, expanding its renewable energy portfolio.
🟢 Reliance Industries enters e-sports business in joint venture with BLAST, a European-based e-sports entertainment company and tournament organizer.
🟢 Caplin Point Laboratories' Hong Kong-based unit will invest in Neoethicals Chile SpA, expanding its presence in Latin America.
🟢 Dixon Technologies expects lighting revenue to grow 2.5 times with Signify JV, with both companies holding 50% stake in the venture entity.
CORE BUSINESS & REGULATORY
🟢 Borosil's unit will invest ₹40 Cr to set up a manufacturing plant in Rajasthan, expanding its production capacity.
🟢 Prism Johnson's RLJ Cement is nearing completion of a 0.36 MTPA cement production capacity expansion at its Uttar Pradesh plant and entered a supply agreement.
🔴 Maruti Suzuki to raise car prices due to rising input costs and operational expenses effective April 8, with Grand Vitara prices increasing by up to ₹62,000.
OTHER
🟢 India's manufacturing sector growth hits 8-month high in March 2025 with PMI at 58.1
🟢 Government gets record ₹74,000 Cr in dividends from CPSEs in FY25, overshooting revised estimate of ₹55,000 Cr.
🔴 US President Trump unveils global tariff with many nations facing higher rates, including 34% for China, 20% for EU, 46% for Vietnam, and 26% for India.
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes to understand more about the business. 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.