Finvezto Market Bytes, 16 Jan 2025
Welcome to Finvezto Bytes. We cover the most important news related to listed Indian Stocks every day. No Noise. No Ads. Only Signals.
NEW ORDERS & PROJECTS
🟢 Rail Vikas Nigam Limited (RVNL) won a ₹3,622 crore contract from BSNL to develop the middle-mile network for BharatNet. The project has a 3-year execution timeline, expanding RVNL's portfolio into telecom infrastructure.
🟢 Azad Engineering secured a $112 million contract from GE Vernova for advanced gas turbine engine airfoils. This 5-year deal enhances Azad’s global presence and strengthens its position in the aerospace and energy sector.
🟢 Indian Railway Finance Corporation (IRFC) signed a lease agreement with NTPC for 8 Bottom Open Bogie Rapid Discharge (BOBR) rakes, valued at ₹250 crore. This enhances NTPC’s coal transportation capabilities.
🟢 NESCO secured a ₹300 crore revenue potential contract from National Highways Logistics Management Ltd. The company was declared the highest bidder for developing, operating and maintaining of wayside amenities on the Raipur-Visakhapatnam Expressway on a lease basis
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Welspun Corp partners with Saudi Aramco to build a Large Diameter Submerged Arc Welded (LSAW) pipe facility in Saudi Arabia. The plant, operational by mid-2026, will have 350,000 MT annual capacity, boosting Welspun’s global presence in energy infrastructure.
🟢 Rashi Peripherals acquires 70% stake in Satcom Infotech for ₹14 Cr to strengthen cybersecurity portfolio and forge new brand partnerships.
🟢 Happiest Minds partners with Coca-Cola Beverages Vietnam to deploy GenAI conversational interface.
🟢 Minda Corp to acquire 2.55 Cr shares of Flash Electronics worth ₹1,372 Cr. The acquisition enhances Minda’s capabilities in supplying electronic components to auto industry.
CORE BUSINESS & REGULATORY
🟢 Adani Green Energy's 9-month operational capacity grows 37% to 11,609 MW with commissioning of 57.2 MW wind-solar hybrid project at Khavda, Gujarat.
🟢 Zen Technologies secures design registration for "60 mm Mortar Training Simulator" strengthening military training tech leadership.
🟢 GAIL settles dispute with SEFE Marketing Singapore, to receive $285 million settlement payment and withdrawal of arbitration.
INDIAN ECONOMY
🔴 India’s exports declined 1% to $38.01 billion in December 2024, while imports rose 4.8% to $59.95 billion compared to December 2023. It indicates a widening trade deficit.
🟢 Rupee rebounds to post best day in over 7 months, closes at ₹86.36 against US dollar, up 0.3% after hitting lifetime low in previous session.
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Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This daily update highlights market trends for your awareness. 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.