Finvezto Market Bytes, 25 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
🟢 SEAMEC Limited and Posh India Offshore Private Limited consortium received a Letter of Award from Larsen & Toubro Limited for subsea installation works for ONGC's DUDP & PRPVIII projects, to be completed by May 2026.
🟢 Diamond Power Infrastructure Limited received a letter of intent worth ₹214.65 Cr from Adani Green Energy Limited for supply of conductors and cables for Khavda Power Project in Gujarat, to be executed by January 2026.
🟢 Rail Vikas Nigam emerged as the lowest bidder for a ₹116 crore order from Central Railway, strengthening its position in India's railway infrastructure development sector.
🟢 Canarys Automations Limited secured a $501,993 contract from Manali Consulting Pte Ltd, Singapore to transform Saudi Electricity Company's business, to be executed between March-October 2025.
🟢 J. Kumar Infraprojects Limited received a Letter of Acceptance from CIDCO for designing and constructing a coastal road from Kharghar to PMAY Housing scheme, valued at ₹1020.70 Cr, to be completed in 30 months.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Temasek seeks CCI approval for 10% stake in Haldiram Snacks Food at $10 billion valuation, filing notice under Section 5 of Competition Act on March 20.
🟢 EaseMyTrip.com received in-principle board approval to acquire a 49% stake in Big Charter Pvt., aiming to capitalize on high-margin charter services and NSOP operations.
🟢 HCLTech partnered with Western Union to establish data center and offer AI solutions including Fenix.AI and AI Force to accelerate transition to platform-centric operating model.
🟢 Gujarat Narmada Valley Fertilizers and Chemicals signed a pact with Thyssenkrupp Udhe India for the supply of a Weak Nitric Acid-III plant.
🟢 Interarch Building Products entered an MoU with Moldtek Technologies to collaborate on pre-engineered metal buildings, combining manufacturing and engineering design expertise.
🟢 Garden Reach Shipbuilders & Engineers signed a pact with a German firm for two multi-purpose vessels, expanding its shipbuilding capabilities.
🟢 Tata AutoComp to acquire AIC Sweden with turnover of about $800 million to enhance global footprint in manufacturing interior systems for automotive industry.
CORE BUSINESS & REGULATORY
🟢 Hyundai India will invest nearly Rs 700 Cr to set up tooling center to stabilize supply chain and strengthen manufacturing at Chennai plant and upcoming facility near Pune.
🟢 Brigade Enterprises acquired 4.4 acres in Bengaluru, with a gross development value of nearly ₹950 crore, expanding its real estate portfolio in the tech hub.
🟢 Wipro introduced AI-driven autonomous agents for Agentforce aimed at improving patient and provider experiences while reducing administrative burden in healthcare onboarding processes.
🔴 Britannia Industries Gujarat plant operations partially affected due to workers' strike, with company in continuous discussion with workers to resolve situation amicably.
🟢 NMDC's strike by trade unions has ended, restoring normal operations as employees resumed work on March 20 after significant production drop since March 6 at India's largest iron ore producer.
🟢 SAIL aims to operationalize 4 MTPA Tasra coking coal mines by second half of 2026, potentially increasing crude steel production capacity to 35.65 MTPA by 2031.
🟢 Mahindra & Mahindra clarified it is evaluating various strategic opportunities but has not confirmed any stake acquisition in SML Isuzu.
🟢 Jupiter Life Line Hospitals' unit, Jupiter Hospitals Projects, has entered a loan agreement with HDFC Bank for a ₹350 crore loan.
🔴 T T Jagannathan resigned as non-executive chairperson and director of TTK Prestige after serving 50 years on the board, marking the end of an era.
OTHER
🟢 India's manufacturing sector expanded at a faster pace in March, with HSBC Flash Manufacturing PMI rising to 57.6 from 56.3 in February, driven by growth in output, new orders, and stocks of purchases.
🟢 Indian rupee recovered 2025 losses, jumping 31 paise to close at 85.67 against US dollar.
🔴 Gold prices fell to Rs 700 to Rs 90,550 per 10 grams.
🟢 Toyota established new R&D unit in India, signaling sharper focus with their third R&D location in Asia-Pacific outside Japan, following investments in China and Thailand.
🟢 Kotak Mahindra Bank shares rallied 4% to hit 52-week high after CTO appointment and senior leadership changes, becoming top contributor to NSE Nifty Bank index.
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.