Finvezto Market Bytes, 08 Feb 2025
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KEY COMPANY RESULTS, Q3 FY25
NEW ORDERS & PROJECTS RECEIVED
🟢 WABAG secured consortium order worth ₹3,251 Cr from Al Haer Environmental Services Company for 200 MLD sewage treatment plant in Riyadh, Saudi Arabia.
🟢 BHEL secured ₹8,000 Cr order from MAHAGENCO for BTG package of 2x660 MW Koradi Thermal Power Station Units 11 & 12.
🟢 BHEL and Hitachi Energy India received LOI for designing and executing 6,000 MW HVDC link project between Bhadla (Rajasthan) and Fatehpur (UP) from Rajasthan Part I Power Transmission Limited, to be completed by 2030.
🟢 BEL received ₹610 Cr order from Indian Navy for supplying indigenous Electro Optic Fire Control System (EOFCS), plus additional orders worth ₹352 Cr for anti-drone systems and other equipment.
🟢 IRCON secured ₹194.45 Cr order from Central Railway for supply, installation, testing and commissioning of 665 Towers for Kavach system.
🟢 Western Carriers won ₹1,089 Cr 4-year logistics contract from Vedanta Limited for transportation of aluminum products and EXIM shipments from Jharsuguda plant to various locations until 2028.
🟢 Teerth Gopicon received LOI from Jaipur Vidyut Vitaran Nigam for 39.40 MW solar power plants with 25-year O&M under PM-KUSUM scheme, to be completed in 9 months.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 BP signs 10-year deal with ONGC to help increase Mumbai High oil production by 44% and gas output by 89% in exchange for fixed fee.
🟢 L&T Finance approved acquisition of Paul Merchants Finance's gold loan business through slump sale for ₹537 Cr.
🟢 Tejas Networks collaborates with NEC Corp on 5G technology with ₹525 Cr investment payable over next year.
CORE BUSINESS
🟢 Raymond's subsidiary Ten X Realty West signed its 5th major Joint Development Agreement for a residential project in Mahim West, Mumbai, with estimated revenue potential of ₹1,800 Cr.
🟢 Waaree Energies commenced operations at its 1.4 GW solar cell manufacturing facility in Gujarat.
🟢 Hyundai Motor India launched new variants and feature upgrades for EXTER and AURA models.
ECONOMY
🟢 The RBI cut the repo rate by 25 basis points to 6.25% from 6.5%, marking the first rate reduction since May 2020. The RBI projects FY26 GDP growth at 6.7%. Inflation is also expected to moderate to 4.2% in FY26.
🔴 US President Trump plans to impose 25% tariffs on steel and aluminum imports.
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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.