Finvezto Market Bytes, 22 Jan 2025
Welcome to Finvezto Market Bytes. We cover the most important business & economy related news every day in a bite-sized format. No Noise. No Ads. Only Signals.
NEW ORDERS & PROJECTS
🟢 Adani Energy Solutions secured a ₹25,000 crore HVDC project connecting Bhadla (Rajasthan) to Fatehpur (UP), spanning 2,400 km with 7,500 MVA capacity, to be completed in 4.5 years.
🟢 IntellectAI lands U.S. insurance broker R.E. Chaix as new client for its eMACH.ai Xponent platform, strengthening its position in AI-powered underwriting solutions.
🟢 L&T secured a ₹2,585 crore contract from the Defense Ministry to manufacture 41 modular bridge sets designed by DRDO. These bridges feature 46-meter assault spans, quick deployment capability, and the first set was inducted in Feb 2024.
🟢 Bondada Engineering secured ₹88.49 Cr order from KPI Green Energy for BOS Items Supply & Services EPCC works at Vagra, Amod and Rajkot locations, to be completed in 90 days.
🟢 RailTel Corporation secured a ₹46 Cr order from North Western Railway, strengthening its position in railway telecom infrastructure.
🟢 NACDAC Infrastructure secured four contracts: Barmalt Project from Birla Estates in Gurugram, HRT/TRT work from CP Systems in Uttarakhand, office renovation in Delhi, and engineering services in Pune.
🟢 B.R.Goyal Infrastructure secured ₹30.53 Cr order from NHAI for toll collection at Paraghat Plaza in Bilaspur, Chhattisgarh for one year starting January 23, 2025.
🟢 Rulka Electricals won ₹2.01 Cr orders for electrical, fire detection, plumbing works: Maharashtra (₹1.76 Cr), Goa (₹2.97 lakh), Haryana (₹20.59 lakh). Total order book at ₹67 Cr.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Tata Elxsi partners with blockchain company Minespider to launch MOBIUS+, an advanced battery lifecycle management platform targeting 10-20% cost savings in recycling.
🟢 Jio Financial Services and BlackRock further strengthened their partnership by subscribing to 5.85 Cr shares of their JV Jio BlackRock Asset Management for ₹117 Cr.
🟢 JSW Group signed an MoU with Maharashtra Govt to invest ₹3 lakh crore in Maharashtra across steel, renewable energy, EVs, battery manufacturing, and cement sectors, focusing on three regions including Gadchiroli, Nagpur, and Chhatrapati Sambhajinagar, creating 10,000 jobs.
CORE BUSINESS
🟢 HCL Technologies expanded operations by launching a new 5,000-people delivery centre in Hyderabad to enhance service capabilities.
🟢 Responsive Industries, India's largest vinyl flooring manufacturer, announces expansion into Wood Plastic Composite flooring in 2025 to strengthen product portfolio.
🟢 DEE Development Engineers, India's largest process piping solutions provider, commissioned second phase of Anjar plant, increasing capacity to 12,000 MT from 9,000 MT annually.
🟢 Hyundai Motor India achieves 92% manufacturing localization, working with 194+ vendors for over 1,238 parts at Chennai facility.
🟢 Glenmark Pharmaceuticals USA launches Phytonadione Injectable Emulsion USP, 10 mg/mL Single Dose Ampules, bioequivalent to Hospira's Vitamin K1 Injectable.
🟢 Neuberg Diagnostics raises ₹940 Cr from Kotak Alt to expand network of over 10,000 touch points and 250 labs.
🟢 Ram Ratna Wires secures approval in 3rd round of PLI Scheme for White Goods, committing ₹253 Cr investment for manufacturing copper tubes and aluminum components.
🟢 PG Electroplast's subsidiary Next Generation Manufacturers receives approval in 3rd round of PLI Scheme for White Goods, committing ₹121.35 Cr investment over 5 years.
REGULATORY
🔴 Medplus Health Services faced setback as its subsidiary received three drug license suspension orders for store in Karnataka.
🔴 Vodafone Idea received GST demand order of ₹8.9 Cr including interest from Mumbai government.
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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.