Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Effwa Infra & Research wins a ₹313 Cr order, underscoring strong demand for its research-driven engineering solutions in the SME space.
🟢 Diamond Power Infra receives a ₹748 Cr order from Adani Green Energy to supply 33kV HV and 3.3kV solar MV cables for a project
🟢 Railtel Corp bags an order worth ₹64 Cr, supporting growth in its telecom and network infrastructure services for government and enterprise clients across the rail ecosystem.
🟢 Seamec secures a vessel charter contract worth about US$43.07M.
🟢 Zen Technologies receives an order worth ₹120 Cr, strengthening its defence simulation and training systems portfolio.
🟢 BEML wins a ₹157 Cr order from Loram Rail Maintenance to manufacture Switch Rail Grinding Machines, which will be supplied to Indian Railways for track maintenance.
🟢 E2E Networks receives a ₹177 Cr order from the India AI Mission.
🟢 Transformers and Rectifiers (India) secures a ₹53.33 Cr order from Power Grid Corporation.
🟢 Mazagon Dock clinches a US$2B submarine deal with Russia, indicating potential long-term build and maintenance opportunities
Core Business & Regulatory
🟢 Deepak Nitrite’s unit Chem Tech commences operations of a new nitric acid plant in Gujarat with about ₹515 Cr capex, boosting specialty chemical manufacturing capacity.
🔴 Tata Power temporarily suspends operations at units located at Mundra but anticipates resuming operations by 31 December, indicating short-term generation disruption at the plant.
🔴 Tata Motors reports November UK JLR sales of 4,598 units versus 5,558 units YoY, reflecting a decline in monthly volumes.
🔴 Indigo faces intense scrutiny as DGCA summons senior management. It has been directed to undergo strict real-time operational monitoring.
Partnerships & Acquisitons
🟢 Cipla acquires 100% of Inzpera Healthsciences Limited for an undisclosed consideration, expanding its presence in the health sciences segment
🟢 Lloyds Engineering Works signs an agreement with Italy’s Virtualabs S.R.L. to jointly develop radar technology for defence and civil applications, expanding into high-tech sensing solutions.
🟢 Lupin enters an exclusive licensing agreement with Valorum for biosimilar Armlupeg (pegfilgrastim-unne) in the United States, strengthening its US oncology biosimilars portfolio.
🟢 Devyani International is reportedly in advanced merger talks with Sapphire Foods, with the proposed structure merging Sapphire into Devyani, which would remain the listed entity.
Economy, Industry & Other
🟢 Rajasthan High Court has ordered mandatory registration, police verification and QR-coded IDs for all Ola, Uber, Swiggy, Zomato gig workers, plus commercial plates and higher women-driver quotas.
🟢 Reliance Industries is reported to have started work on the draft red herring prospectus for a potential Jio IPO, indicating progress toward unlocking value from its telecom arm.
🟢 Russia President Putin arrives in India for diplomatic meeting with PM Modi.
That’s it for today.
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