Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Jindal Drilling & Industries Ltd secured an order book of ₹ 1,369 crore from Oil and Natural Gas Corporation Ltd (ONGC) for long-term offshore rig contracts.
🟢 Garuda Construction & Engineering Ltd won a ₹ 1,416 crore EPC work order from Sumer Corporation for the “Powai Heights” luxury residential project in Mumbai.
🟢 Fabtech Technologies Ltd secured a contract from a North African veterinary company, valued at approx. ₹ 490-520 crore, for equipment and facility supply.
🟢 MapmyIndia (C.E. Info Systems) secured a project from Survey of India to develop India’s first-of-its-kind national geo-spatial platform, advancing location-based services.
🟢 TANFAC Industries Ltd bagged a ₹ 732 crore contract from Kredence Electronics Materials India Pvt Ltd for solar-grade diluted hydrofluoric acid supply until FY 2028-29, with no additional capex.
🟢 Cupid Ltd secured maximum allocation in South Africa’s five-year national condoms programme, with 59% female-condoms share from December 2025.
Partnerships & Acquisitons
🟢 TCS extended its 18-year partnership with ABB Ltd to modernise global hosting operations using an AI-powered “Zero Ops” framework for resilient digital infrastructure.
🟢 Alembic Pharma acquired Utility Therapeutics to bolster its portfolio in anti-infectives and expand presence in the US generics market.
🟢 eMudhra acquired AI Cyber Forge to enhance cybersecurity offerings along with CertiNext implementation in North America and Digital ID in Europe.
🟢 Sheela Foam Ltd invested ₹ 30 crore in House of Kieraya Pvt Ltd to increase stake and strengthen its furniture-business vertical.
🟢 Dynamatic Technologies onboarded as exclusive partner for L&T-BEL consortium in 5th gen fighter aircraft program.
Core Business & Regulatory
🟢 Bajaj Finance reported 27% surge in festive loan volume and 29% rise in value with 23 lakh new customers of which 52% first-time borrowers.
🟢 TVS Motor Company’s British marque Norton Motorcycles has unveiled four new models (Manx R, Manx, Atlas, Atlas GT), backed by a £200 m investment and plans for 200+ global showrooms.
🟢 Ola Electric has commenced deliveries of its S1 Pro+ scooter powered by its indigenously developed “4680 Bharat Cell” battery pack.
🟢 Powergrid plans ₹1.3 lakh Cr capex over five years for renewable integration and power grids.
🟢 Glenmark Pharma launching 8.4% Sodium Bicarbonate Injection USP in US November 2025 entering $63.8 million market.
🟢 Indian Energy Exchange October power volume grew 16.5% to 11,233 MU with real-time market up 46.8% and lower prices.
🟢 Laxmi Organic Industries Ltd. has signed a contract with Hitachi Energy to produce SF₆-free gas (eco-efficient) at its Dahej facility, despite weak global chemical demand.
Economy, Industry & Other
🟢 Toyota Motor Corporation and Honda Motor Co., Ltd. are investing about US$11 billion in India to build production hubs and export-capability, shifting manufacturing away from China.
🟢 China has issued guidance banning foreign-made AI chips (including from NVIDIA, AMD, Intel) in state-funded data centres, pushing domestic semiconductor supply-chain shift.
🟢 LED television prices are expected to rise as flash memory supply tightens, with chipmakers diverting capacity to AI data centre demand.
🟢 The Indian government has included Ammonium sulphate in its nutrient-based subsidy scheme from Rabi 2025-26, pitching it as a urea-alternative for agriculture.
🟢 The Indian government has unveiled the third round of its PLI Scheme for Speciality Steel, covering 22 high-grade steel categories with incentives from FY 26 and disbursals starting FY 27.
Company Results
Source: Company Announcements, Finvezto Toolkit
That’s it for today.
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