Finvezto Market Bytes, 21 Feb 2025
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NEW ORDERS & PROJECTS RECEIVED
🟢 BEL received orders worth ₹1292 Cr including a ₹1034 Cr order for Software Defined Radio and DCT from Indian Coast Guard on February 20, 2025.
🟢 IntellectAI secured a ₹200 Cr multi-year deal with a leading London Market Brokerage firm for transforming underwriting operations.
🟢 L&T Minerals & Metals secured Large orders including an 850 KTPA greenfield alumina refinery from Hindalco in Odisha and an 8 MTPA Pellet Plant from a leading Indian steel producer on February 20, 2025.
🟢 GE Power India Limited secured orders worth ₹40.3 Cr from NTPC Limited and MP Power Generating for steam turbine parts at Talcher site and boiler panel services on February 20, 2025.
🟢 GRSE signed a ₹23.07 crore contract with Ministry of External Affairs for normal refit of Mauritius Coast Guard Ship CGS Barracuda on February 20, 2025, to be completed in 10 months.
🟢 Solarium Green Energy secured orders worth ₹55.84 Cr from NTPC Vidyut Vyapar Nigam for development of 17,223 KW Grid Connected Rooftop Solar Projects across various locations under Ministry of Home Affairs.
🟢 NACDAC Infrastructure secured a warehousing construction contract worth ₹17.73 Cr from Swiftstack Warehousing Solutions at Village Hawal, Hapur.
🟢 Ministry of Defence signed a ₹697.4 Cr contract with ACE Ltd. and JCB India Ltd. for procurement of 1,868 rough-terrain forklift trucks for army, air force and navy.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Tata Power partnered with Amazon Web Services to drive smart energy transition in India, migrating 23 mission-critical applications to AWS to enhance grid resilience/operational efficiency.
🟢 TCS partnered with Salesforce to drive AI adoption in manufacturing and semiconductor industries, launching three initiatives including Semiconductor Sales Accelerator, Seller for the Future, and Digital Field Service.
🟢 Narayana Hrudayalaya will invest ₹900 Cr for a new 350-bed hospital in Kolkata, which will commence operations by FY 2028-29, expanding its healthcare footprint in eastern India.
🟢 Vedanta Group, led by billionaire Anil Agarwal, is seeking global partners to build 5 gigawatts of nuclear power capacity in India for meeting energy needs at its own facilities.
ECONOMY
🟢 Gold hit fresh peak of ₹89,450 per 10 gm while silver crossed ₹1 lakh per Kg. The demand for bullions continues to be strong.
🟢 Indian rupee gained 29 paise to close at 86.66 against US dollar on Thursday.
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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.