Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Mazagon Dock Shipbuilders clarified the ₹99,000 Cr defence deal, confirming CNC negotiations with the government are completed and the proposal is awaiting competent authority approval.
🟢 DCX Systems received purchase orders worth ₹68 Cr to supply antenna and power supplies to Hindustan Aeronautics Limited.
🟢 Mastek secured an £85M (₹1040 Cr) engineering contract with the UK Home Office for its Atlas platform supporting migration and borders policy using AI-driven engineering techniques, adding 30% to annual revenue.
🟢 HEC Infra Projects, in joint venture with Advait (Advit) Energy Transitions, received a work order worth approximately ₹100 crore from Dakshin Gujarat Vij Company Ltd for a turnkey 11 kV power distribution project.
🟢 Markolines Pavement Technologies received multiple work orders aggregating to about ₹439.75 crore (inclusive of GST) across highway pavement and infrastructure projects, including a single large turnkey school infrastructure contract of roughly ₹294 crore from Indo British Group of Schools.
🟢 Silver Touch Technologies secured a major contract from the Government of Odisha to enhance and maintain the CM-KISAN portal, strengthening its AgriTech business.
Partnerships, Investments & Acquisitions
🟢 Zaggle Prepaid Ocean Services signed a 3-year agreement with Blue Star to provide the Zaggle Save employee expense management and benefits platform.
🟢 Hindustan Zinc signed an MOU with Virginia Tech for advanced research on silver recovery, aiming to strengthen metallurgical capabilities through scientific research and global academic partnership.
Core Business & Regulatory
🟢 TCS’s CEO has indicated the company is in advanced discussions to significantly expand its India data‑centre footprint; commentary highlights strong AI and cloud demand as the driver.
🟢 Tata Elxsi launched DevStudio.AI, a multi‑agent, ASPICE‑aligned GenAI engineering platform aimed at automotive and embedded software development lifecycles.
🟢 Indian Energy Exchange (IEX) recorded its highest‑ever daily average electricity volume of about 448 MU and reported real‑time market (RTM) volume of 4,379 MU in February 2026, up about 51.7% YoY.
🟢 Paytm continues to have a leading installed base of Soundbox and other payment devices among Indian fintechs, and management commentary highlights strong contribution margins and profitable unit economics in this segment.
🟢 Radico Khaitan’s Old Admiral Brandy crossed 10 million cases sales milestone in FY26, up from 5.6 million in FY25, driven by strong demand in Andhra Pradesh, Telangana and Karnataka.
🟢 MRPL has clarified that it has not halted fuel exports and has not declared any force majeure on its shipments, refuting earlier media reports.
🔴 Bharat Forge clarified there are no ongoing negotiations or undisclosed material events related to North American Class 8 truck market news, and the article has no impact on operations or financials.
🔴 GAIL (India) received a Force Majeure notice from Petronet LNG due to maritime restrictions and hostilities in Qatar; LNG allocation to GAIL has been reduced to zero from 4th March 2026.
🔴 OMCs (HPCL, BPCL, and IOCL) are incurring a loss of ₹20 on sale of every litre of petrol and diesel, with gross marketing margins negative at ₹20/litre due to higher crude and weaker rupee.
Economy, IPO & Other
🟢 The US issued a temporary 30-day waiver allowing Indian refiners to buy Russian oil, covering only cargoes already stranded at sea.
🔴 Indian Oil Corporation is expediting purchases of Russian oil, including cargoes loaded on ships floating around India.
🔴 Iran rejected ceasefire and talks with the US, stating that the attack during negotiations ended any chance of future dialogue, per the Iranian Foreign Minister.
That’s it for today.
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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. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.