Things I compiled yesterday as part of my stock research activities.
🟩 Grasim approved ₹3,094 crore in capex to expand lyocell fibre capacity at its Karnataka plant, targeting the premium segment of sustainable textiles. Grasim is India’s only domestic lyocell producer, and the fibre commands a 20-25% price premium over standard viscose, insulating new capacity from commodity-grade import competition.
🟩 IRB Infrastructure reported a 25% year-on-year rise in May toll revenue to ₹843 crore, extending its trend of double-digit monthly growth into FY27. IRB's portfolio is concentrated on NH corridors in Maharashtra and Rajasthan, where commercial vehicle traffic growth has consistently outpaced the national average.
🟩 KNR Constructions' joint venture secured a ₹3,361 crore coal mine development contract from SECL for the Kusmunda open-cast project in Chhattisgarh. The contract equals approximately 91% of KNR's current market capitalisation, and coal mine development marks a significant diversification from the company's core road construction business.
🟩 Amber Enterprises and partner IL Jin are forming a joint venture for medical, defence, and aerospace electronics manufacturing in India. Amber already operates ILJIN Electronics India for PCB assembly, and this new JV with the same Korean partner extends into higher-margin defence and aerospace electronics.
🟩 Fineotex Chemical to increase manufacturing capacity from 200 million pounds per year to 350 million pounds per year at its primary facility, a 75% expansion. Fineotex supplies textile auxiliaries to apparel manufacturers, and the capacity increase positions it for India's growing garment export pipeline under bilateral trade agreements.
🟩 India's EV penetration crossed 11% of total auto sales for the first time in May as overall auto sales hit a record monthly high. An 11% EV penetration threshold is where adoption curves historically inflect upward, as charging infrastructure density and vehicle model availability reach critical mass in key urban corridors.
🟩 India's overall goods exports grew 15% year-on-year in April-May 2026, with non-oil goods exports rising 11% year-on-year. A double digit rise in a rising rupee environment is a strong signal of growing manufacturing competitiveness.
🟥 State oil refiners are losing ₹6 per litre on petrol and ₹30 per litre on diesel at current retail prices, per an official statement. An under-recovery deficit at this scale historically precedes either retail price increases or compensatory government transfers to protect OMC balance sheets from erosion.
🟩 SEBI Chairperson confirmed the regulator is working with RBI to introduce derivatives on corporate bond indices, aimed at deepening India's corporate debt market.
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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.