Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 BEML secured an additional ₹414 Cr order from Bangalore Metro Rail Corporation for Phase II trainsets, reinforcing its position in urban rail rolling-stock supplies.
🟢 Rail Vikas Nigam received a ₹145.35 Cr Southern Railway contract for electrification works to be executed within 540 days.
🟢 RailTel Corporation of India won a work order worth ₹48.78 Cr from MMRDA for a Regional Information System project
🟢 Mukka Proteins joint venture secured a four-year work order worth ₹474.89 Cr from BSWML for legacy leachate treatment and disposal
🟢 Blue Cloud Softech Solutions bagged a major data annotation contract worth about ₹110.08 Cr from Stratos Forge after a successful ₹18 Cr pilot, validating its AI capabilities.
🟢 Pace Digitek subsidiary received an order worth ₹99.7 Cr, adding a sizeable project to its execution backlog
Core Business & Regulatory
🟢 Mahindra Lifespaces Developers secured a 1.53-acre residential redevelopment project in Matunga, Mumbai with estimated gross development value of ₹1,010 Cr.
🟢 Vintage Coffee and Beverages launched 100 percent pure instant coffee in India, expanded e-commerce distribution and is ramping production capacity to 11,000 MT to support anticipated demand.
🟢 MOIL achieved its best-ever November performance with 1.65 lakh metric tonnes manganese ore production, 1 percent year-on-year growth, and sales of 1.37 lakh metric tonnes.
🔴 Ola paused its food delivery feature on the app, suggesting a strategic retreat from hyper-competitive food delivery and sharper focus on core mobility or related services.
🔴 IndiGo faced dozens of flight cancellations and delays at Delhi and Mumbai airports due to pilot and crew shortages after stricter duty and rest norms. DGCA is investigating the issue.
Partnerships & Acquisitons
🟢 Reliance Industries arm Reliance Strategic Business Ventures acquired a 49 percent stake in Oval Invincibles from the England and Wales Cricket Board for GBP 60.27M, rebranding the team as MI London from 2026.
🟢 Sterling and Wilson Renewable Energy, through its international arm, incorporated a wholly owned Portuguese subsidiary to design, build, operate and maintain solar projects, supporting expansion of its global renewable footprint.
Economy, Industry & Other
🔴 ITC, Godfrey Phillips India face sector headwinds as Lok Sabha passed a bill proposing 60–70 percent excise duty on unmanufactured tobacco and steep duties on cigars and cheroots.
🟢 Telecom ecosystem gets relief as the government removed mandatory pre-installation of the Sanchar Saathi app on new devices.
That’s it for today.
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But regarding ITC the ministry had said that the Tax won't be increased after Compensation cess expires and the excise duty is just a comeback to endure that the price of the tobacco products don't DROP, which may increase the consumption.
So even after the excise duty the prices of the tobacco products won't increase drastically. It may see a minor increase or no change.