Finvezto Market Bytes, 21 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
🟢 Hindustan Construction Company Limited and Tata Projects Limited secured a ₹2,470 Cr order from Tata Power for constructing 1000 MW Bhivpuri Off-Stream Open-Loop Pumped Storage Project in Karjat, Maharashtra.
🟢 Diamond Power Infrastructure Limited secured an order worth ₹175.17 Cr from Associated Power Structures Limited for supplying AL-59 Conductor as per GETCO Technical Specification.
🟢 GPT Infraprojects Limited declared L1 (First Lowest) for a ₹481.11 Cr order from CAO Construction, South Eastern Railway Kolkata for constructing Bridge No. 57 over River Rupnarayan on Howrah-Kharagpur route.
🟢 Paras Defence and Space Technologies Limited received a ₹142.31 Cr order from CHESS, DRDO for developing Laser Source Module for Anti-Drone and Anti-Missile applications, to be executed within 24 months.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Bain Capital will acquire 18% stake in Manappuram Finance for ₹4,385 crore at ₹236/share (30% premium). The deal triggers a mandatory open offer for additional 26%, potentially increasing Bain's stake to 41.7%
🟢 Tata Consultancy Services partnered with Cumberland Building Society for core banking solution implementation, strengthening financial services portfolio.
🟢 Tata Steel signed MoU with Bharat Petroleum Corp. for PNG supply to its ferro alloys plant in Odisha, replacing furnace oil to reduce carbon footprint.
CORE BUSINESS & REGULATORY
🟢 CG Power and Industrial Solutions entered the air cooler market with products featuring cutting-edge JetChill Technology, diversifying product portfolio.
🟢 Container Corp. placed an order worth ₹192 Cr for 10 rakes of BLSS wagons with GATX India, expanding its logistics capacity.
🟢 Lloyds Metals and Energy received environmental clearance for 1.2 MTPA wire rod project and 4 MTPA Pellet Plant project in Maharashtra, advancing expansion plans.
🟢 Piramal Pharma's subsidiaries BrePco Biopharma and Piramal Critical Care received UK regulatory approval for Neoatricon for treating low blood pressure.
🟢 Unichem Laboratories completed capacity expansion of its API plant in Pithampur, enhancing manufacturing capabilities.
🟢 Central Depository Services signed agreement with Life Insurance Corp. to provide Insurance Repository services, expanding service offerings.
🔴 KEI Industries shares plunged 14.3% after Adani Enterprises announced entry into cables and wires sector via JV with Praneetha Ventures.
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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.