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
🟢 BHEL secured a massive order worth ₹11,800 Cr to build two 660-megawatt supercritical thermal power plants at Hasdeo Thermal Power station.
🟢 Ashok Leyland's Defence business secured multiple orders worth ₹700 Cr for specialized vehicles including Stallion 4x4, Stallion 6x6, and other mobility platforms for Indian Armed Forces, with deliveries commencing next financial year.
🟢 Ministry of Defence signed two contracts with Hindustan Aeronautics Limited for supplying 156 Light Combat Helicopters (Prachand) worth ₹62,700 Cr to Indian Army (90) and Indian Air Force (66), along with training and associated equipment.
🟢 Adani Renewable Energy Holding Twelve Limited, a wholly-owned subsidiary of Adani Green Energy, received a Letter of Award from UPPCL for supplying 400 MW solar power at ₹2.57/kWh for 25 years from Rajasthan.
🟢 Sterlite Technologies in consortium with Dilip Buildcon received an Advance Work Order worth ₹2,631.14 Cr from BSNL for Bharatnet middle mile network in J&K and Ladakh, with 3-year construction and 10-year maintenance periods.
🟢 HBL Engineering, as lead member of HBL-Shivakriti Consortium, received two Letters of Acceptance worth ₹499.68 Cr from Western and North Central Railways for providing KAVACH systems (version 4.0) on Viramgam-Rajkot-Okha and Dholpur-Bina sections.
🟢 Power Mech Projects secured a ₹972.135 Cr order from National Highways Authority of India for constructing 49 km four-lane Deoghar Bypass connecting NH-333 and NH-133 in Jharkhand on Hybrid Annuity mode.
🟢 Power Mech Projects also secured a ₹425 Cr order from Mirzapur Thermal Energy for civil works and structural steel erection for 2x800 MW thermal power plant in Uttar Pradesh.
🟢 Niraj-SPPL JV received a ₹115.01 Cr order from National Highway Authority of India for constructing 5 vehicle underpasses and 1 flyover on NH-16 in Odisha.
🟢 Ircon International through IRCON-SSNR JV (70:30 ratio) received a ₹872.69 Cr order from Rail Vikas Nigam Limited for constructing two tunnels with ballastless track for a new railway line between Mangliyagaon and Budni in Madhya Pradesh.
🟢 RITES received a Letter of Award worth ₹157.25 Cr from Oil India Limited for construction of Workmen Housing Complex at OIL, Duliajan on turnkey basis under depository works mode to be executed within 36 months.
🟢 Tera Software received three Letters of Intent worth ₹273.12 Cr from Madhyanchal Vidyut Vitran Nigam Limited for door-to-door meter reading, spot bill generation, distribution and collection services across multiple distribution zones in Uttar Pradesh.
🟢 RailTel Corporation received a ₹162.59 Cr order from Ircon International Limited for integrated tunnel communication arrangement in Sivok-Rangpo New BG Rail Line project of NF Railway, to be completed by March 28, 2026.
🟢 Newgen Software Technologies received a ₹35.31 Cr purchase order from a domestic customer for a Centralized Trade Finance solution including customer web portal for a 5-year period.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 ITC to acquire Pulp and Paper undertaking of Aditya Birla Real Estate for ₹3,498 Cr, expanding its paper business portfolio.
CORE BUSINESS & REGULATORY
🟢 CG Power launched 'Fluxtron' high-efficiency motors that optimize power usage and reduce waste, powering industries to achieve ESG goals without compromising performance.
🟢 Government stake in Vodafone Idea to increase from 22.60% to 48.99% against spectrum dues, providing critical financial relief to the telecom company.
🟢 DCM Shriram launched largest single-location caustic soda flakes plant in Gujarat with production capacity of 900 tonnes per day.
🟢 Blue Star to hike AC prices by 4-5% in April due to rising commodity costs, still expects to sell 15 lakh AC units this year (50% growth).
🔴 Deepak Fertilisers Unit gets ₹252.52 Cr tax demand, company has appealed to Income Tax Appellate Tribunal against the order.
🔴 IndiGo slapped with ₹944 Cr tax penalty for assessment year 2021-22 by Income Tax Department, airline plans to contest the order.
OTHER
🔴 India Core sectors growth slows to 2.9% in February compared to 5.1% expansion in January, though six of eight sectors showed growth.
🟢 Foreign exchange reserves rise by $4.5 billion to $658.8 billion as RBI buys dollars regularly during rupee appreciation.
🟢 Gold rallies to scale new record high of ₹92,150 per 10 grams in Delhi.
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.