Finvezto Market Bytes, 13 Feb 2025
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KEY COMPANY RESULTS, Q3 FY25
NEW ORDERS & PROJECTS RECEIVED
🟢 NBCC India secured 3 hydro projects from Mizoram Government's Irrigation Department, expanding into hydro sector.
🟢 Titagarh Rail Systems secured ₹537.11 Cr order from Adani Cement (Ambuja/ACC) for manufacturing 16 BCFCM Rakes with BVCM Wagons, to be delivered between January 2026-March 2027.
🟢 Man Industries secured ₹250 Cr pipe supply order to be executed in 6-12 months, boosting total order book to ₹2,900 Cr.
🟢 Suzlon secured 201.6 MW wind energy order from Oyster Renewable for 64 S144 wind turbines in Madhya Pradesh.
🟢 Time Technoplast secured ₹65.85 Cr order from Gujarat Government Undertaking for industrial packaging products supply over 2-year period, strengthening their 76% revenue packaging segment.
🟢 RailTel secured Rs 69.21 Cr order from Bihar Education Project Council for supply, installation and training of ISM Labs in BEPC schools, to be executed by April 2025.
🟢 RailTel bagged another ₹14.72 Cr order from Airports Authority of India Chennai for SITC of servers, storage and networking for SCCTV system with 3 years warranty, to be delivered by July 2025.
🟢 Ganesh Green Bharat received Rs 33.04 Cr order from NTPC Vidyut Vyapar Nigam for 7131 KW grid-connected rooftop solar projects at Central Armed Forces locations in Bihar and Jharkhand.
🟢 Premier Explosives secured Rs 20.36 Cr export order for design and development of rocket motors to be delivered over 2 years.
🟢 Cupid Limited received orders worth Rs 13.90 Cr for female condoms from Brazil (Rs 7.43 Cr), South Africa (Rs 5.96 Cr) and UN Population Fund (Rs 0.51 Cr), to be delivered between February-June 2025.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Bharti Airtel partnered with Nokia for 5G Fixed Wireless Access devices and Wi-Fi 6 solutions, expanding high-speed internet access across India, focusing on areas lacking fiber connectivity.
🟢 Zaggle Prepaid Ocean Services got empaneled by Bank of India for 2 years for prepaid card issuance, KYC validation and transaction management services.
🟢 ONGC-NTPC Green (ONGPL), a 50:50 joint venture, acquired 100% stake in Ayana Renewable for Rs 19,500 crore ($2.3 billion), gaining 4.1 GW of operational and under-construction renewable assets
🟢 Torrent Group acquired majority stake in IPL franchise Gujarat Titans from CVC Capital's Irelia Company.
🟢 Bharat Forge partnered with Liebherr to establish manufacturing unit targeting global aerospace.
CORE BUSINESS & REGULATORY
🟢 RBI lifts restrictions on Kotak Mahindra Bank, allowing resumption of digital customer onboarding and credit card issuance.
ECONOMY
🟢 India's Retail CPI Inflation dropped to a 5-month low of 4.3% in January 2025, down 91 basis points from December, led by sharp decline in food prices and creating room for potential rate cuts.
🔴 India Industrial output growth slowed to 3.2% in December from 5% in November 2024, primarily due to manufacturing sector slowdown, though capital goods showed optimistic performance.
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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.