Finvezto Market Bytes, 19 Feb 2025
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NEW ORDERS & PROJECTS RECEIVED
🟢 RVNL received Letter of Acceptance from K-RIDE for ₹554.46 Cr project to construct nine stations for Bengaluru Suburban Rail Project over 24 months.
🟢 Patel Engineering emerged L1 bidder for ₹1,090.45 Cr irrigation project from Maharashtra Krishna Valley Development Corp, with company's share at ₹218.09 Cr (20%).
🟢 Transformers & Rectifiers India secured ₹166.45 Cr order from Hyosung T&D India for supply of Single Phase Coupling Transformers for TBCB Projects.
🟢 RPP Infra Projects won new order worth ₹62.78 Cr for widening Avinashi-Mettupalayam Road from two lane to four lane in Tirupur, Tamil Nadu.
🟢 Sathlokhar Synergys secured ₹48.20 Cr order from VSL Green Power (Vikram Solar Group) for civil construction of solar manufacturing plant in Tamil Nadu.
🟢 Cellecor secured purchase order for 10,000 air conditioner units worth ₹28 Cr, with 5,000 units delivered in January and 5,000 to be delivered in February 2025.
🟢 Zaggle Prepaid Ocean Services partnered with Redington to co-create employee benefits solution with Google for corporate clients, agreement valid for 5 years.
🟢 Anlon Technology Solutions secured order worth ₹16.27 Cr from Cochin International Airport for design, supply and commissioning of Emergency Response Vehicle.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Mahindra Lifespaces partnered with Livingstone Infra for a redevelopment project in Mumbai with gross development value of ₹1,650 crore.
🟢 PURE EV and JioThings ink MoU for collaboration on EV solutions and connected vehicle technologies.
🟢 Nazara Technologies acquired 22% stake in Datawrkz Business Solutions, increasing total stake to 55% to strengthen digital advertising capabilities.
CORE BUSINESS & REGULATORY
🟢 Reliance Jio has launched JioTele OS, an AI-powered smart TV operating system designed for the Indian market. The platform offers AI-driven content recommendations, seamless 4K performance, and integration of global and regional content
🟢 Reliance Consumer takes soft drink brand Campa Cola to UAE market, expanding international beverage footprint.
🟢 Ford finalizing plans to revive Chennai manufacturing plant, aiming to restart operations after previous closure.
🟢 Dixon Technologies to inaugurate Sriperumbudur plant by May 2025, plans ₹1,000 Cr investment to expand manufacturing capabilities.
🟢 Reliance Infra enters renewable energy manufacturing, to set up solar panel and battery units expanding clean energy portfolio.
🔴 US SEC seeks India's help in Adani Group probe over alleged securities fraud, attempting to serve complaints to Gautam and Sagar Adani.
🔴 Aurobindo Pharma arm's facility receives 5 observations from USFDA during recent inspection.
ECONOMY
🟢 India's mobile exports reached a record ₹1,50,000 crore in Jan 2025 driven by the Production Linked Incentive (PLI) scheme and increased domestic production.
🟢 Ethanol blending with petrol reached record 19.6% in January 2025, up from 18.2% in December 2024, as MoPNG approaches 20% blending target for 2025-26.
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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.