Finvezto Market Bytes, 14 Feb 2025
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KEY COMPANY RESULTS, Q3 FY25
NEW ORDERS & PROJECTS RECEIVED
🟢 Engineers India Limited secured ₹106.5 Cr MPMC and PMC-2 services order from Indian Oil Corporation for Paradip Petrochemical Complex Project in Odisha, to be completed in 10 months.
🟢 Anupam Rasayan signed $12.5 mn (~₹108 Cr) annual contract with US MNC for supply of high-performance specialty chemical used in polymer applications, starting CY2025.
🟢 Waaree Renewable Technologies secured ₹40 Cr EPC order from Continuum Green Energy Limited for 40MWh battery storage system, to be completed in FY 2025-26.
🟢 B.R.Goyal Infrastructure received ₹37.99 Cr civil works order from Liugong India for factory construction including MEP work, to be completed in 8 months.
🟢 Danish Power received ₹99.72 Cr order from Waaree Renewable Technologies for supply of Inverter Duty Transformers.
🟢 RITES signed MoU with Neyveli Uttar Pradesh Power Limited worth ₹120.13 Cr for comprehensive operation & maintenance of railway siding for 5 years.
🟢 Focus Lighting bagged ₹5.72 Cr order from Reloto Automation Solutions for manufacturing and supply of lighting fixtures, to be completed in next two years.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 TCS partnered with UPM to drive end-to-end IT transformation using ignio platform, providing digital services and AI solutions for 15,800 employees of the EUR 10.3 billion company.
🟢 BPCL signed MoU with Shipping Corporation of India to develop dedicated shipping network for crude oil, gas and petroleum products transportation, enhancing India's maritime infrastructure.
🟢 L&T Technology Services partnered with Altair to launch 5G-6G Wireless Center of Excellence, focusing on network planning, RF design, smart factories and connected vehicles.
🟢 Bharat Forge partnered with VEDA Aeronautics to develop advanced unmanned aerial vehicles and weapons systems to strengthen India's defense sector.
🟢 HAL signed MoU with Swedish defense firm Saab for laser warning system, including infrastructure setup and technology transfer.
🟢 Nexus Select Trust acquired Vega City Mall in Bengaluru for ₹913 Cr, including ₹869.75 Cr purchase consideration and planned capex.
CORE BUSINESS & REGULATORY
🟢 UltraTech Cement added 0.6 MTPA slag-based grinding capacity at Tamil Nadu unit.
🔴 Adani Green withdraws from Sri Lanka wind power projects worth $1 billion after government requested lower tariffs.
🟢 United Breweries plans ₹750 Cr investment in greenfield brewery in Uttar Pradesh.
ECONOMY
🔴 U.S President Trump has ordered his administration to consider implementing reciprocal tariffs on trading partners, targeting India and other nations. The plan, expected to be completed by April 1, aims to match other countries’ tariff levels on US goods. Trump specifically criticized India’s high tariff barriers just before meeting with Prime Minister Modi.
🟢 Microsoft inaugurates new 1.1 million sq ft campus in Hyderabad, announces AI training for 1.2 lakh people.
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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.