Finvezto Market Bytes, 13 Mar 2025
I share the most important stock market related news I read everyday in a bite-sized format. No Noise. No Ads. Only Signals.
NEW ORDERS & PROJECTS RECEIVED
🟢 BEL received ₹2,463 Cr order from Indian Air Force for Ashwini Radars, pushing their total order accumulation to ₹17,030 Cr for the current financial year.
🟢 RVNL bagged Rs 554.64 crore project from NHAI to build a 6-lane access-controlled road from Sabbavaram to Sheelanagar junction for Visakhapatnam Port.
🟢 Premier Explosives Limited secured a ₹21.45 Cr export order for Defence Explosives from an international client, with delivery expected within 5 months.
🟢 Premier Roadlines received a ₹37 Cr order for transporting Renewable Solar Panels from Premier Energies, ReNew Photovoltaics, SAEL, and other leading renewable energy companies, to be completed within 6 months.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Bharti Airtel signed agreement with Elon Musk's SpaceX to offer Starlink's high-speed internet in India, focusing on providing connectivity in remote areas.
🟢 Jio Platforms partnered with SpaceX to bring Starlink internet to India, exploring additional collaborations in technology sharing, infrastructure development, and network integration.
🟢 CG Power received approval for a $36 million deal to acquire Renesas Electronics' Radio Frequency components business, including intellectual property and assets, enhancing its semiconductor design capabilities.
🟢 Coromandel International signed agreement to acquire 53% stake in NACL Industries for Rs 820 crore, positioning itself as leading player in Indian crop protection industry.
🟢 Carysil entered agreement with KARRAN INC., USA, to supply quartz kitchen sinks to fulfill requirements of a home retail chain.
CORE BUSINESS & REGULATORY
🟢 Adani Properties won Rs 36,000 crore Motilal Nagar redevelopment project in Mumbai, one of city's largest housing projects, following their Dharavi slum redevelopment involvement.
🟢 All seven Adani Airports completed DigiYatra onboarding to streamline passenger travel, managing over 6.8 million DigiYatra transactions since August 2023 rollout.
🟢 UFlex to invest Rs 317 crore in new recycling plants in Noida, expanding its sustainability initiatives and production capacity.
🟢 Max Healthcare to enter long-term service agreement for new 200-bed hospital in Pitampura, expanding its healthcare network.
🔴 NLC India missed lignite production target for FY24 amid land acquisition delays, achieving only 83.36% of its goal according to Standing Committee on Coal, Mines and Steel.
🔴 Indus Towers shares dropped 5% due to concerns over telecom giants Bharti Airtel and Jio partnering with SpaceX's Starlink, potentially disrupting tower infrastructure business.
ECONOMY & OTHER
🟢 India's industrial output grew at 8-month high of 5%, showing signs of economic recovery and manufacturing strength.
🟢 Retail inflation eased to 3.61% in February compared to 4.26% in January and 5.09% in February 2024, moving closer to RBI's target.
🟢 Indian Government received 73 applications under second round of PLI scheme for speciality steel as part of efforts to increase production and make India self-reliant in high-grade steel.
🟢 Silver ETFs gained traction with AUM crossing Rs 13,500 crore within 3 years of launch, driven by strong industrial demand in solar and automotive sectors.
🟢 Blackstone plans to invest $11 billion in data centers in India to meet accelerating growth of AI, according to CEO Stephen Schwarzman.
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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.