Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Indonesia entered an agreement with India to procure BrahMos missiles, benefiting BDL, BEL, and Data Patterns.
🟢 Paras Defence secured a ₹80 Cr order from DRDO for development of a High Precision Optical System for Air Defence Applications.
🟢 Oriana Power secured a ₹1,180 Cr EPC order for a 234 MW Floating Solar Project at DVC Maithon.
🟢 South West Pinnacle Exploration signed its largest-ever long-term exploration services contract worth over ₹307 Cr from a Hindustan Zinc subsidiary in Rajasthan.
🟢 Ritco Logistics secured ₹104.18 Cr in new contracts during February 2026, including a major ₹84 Cr three-year agreement with Jindal Stainless.
Partnerships, Investments & Acquisitions
🟢 Adani Enterprises incorporated a new wholly-owned subsidiary, Corr Tollways Limited, to operate and manage the Chennai Outer Ring Road project
🟢 ABB India to invest $75M (approximately ₹692 Cr) in India in 2026 for manufacturing and R&D across 5 sites including Bengaluru, Nashik, and Vadodara.
🟢 Le Travenues Technology (ixigo)’s AbhiBus partnered with Uber to integrate intercity bus bookings into the Uber app across India.
🟢 Kernex Microsystems formed a JV with Bharat Heavy Engineering for railway signalling technology with 51% stake held by Kernex and 49% by Bharat Heavy Engineering.
🟢 Minda Corporation’s subsidiary signed a JV with UK-based Turntide Drives to develop and manufacture advanced EV powertrain solutions in India.
Core Business & Regulatory
🟢 Avenue Supermarts (DMart) opened 8 new DMart stores taking the total store count to 461.
🔴 Lupin said cargo movement is impacted with containers stuck at ports from Europe and Middle East, and noted solvent prices could rise due to higher oil prices.
🟢 US FDA announced easing testing requirements for biosimilars, reducing development costs by ~$20M, benefiting Biocon’s copycat biologics pipeline.
Economy, IPO & Other
🔴 Iran rejected Trump’s claims of war progress and warned that continued US-Israeli attacks could lead to a halt in regional oil exports through the Strait of Hormuz.
🔴 Due to West Asia supply disruptions, India invoked emergency powers ordering refineries to maximize LPG output. A 25-day rebooking limit was also introduced to prevent hoarding.
🔴 Mumbai is facing a severe LPG cooking gas shortage with refill waiting times stretching to 8 days.
🔴 Many Bengaluru hotels set to shut as the city’s hotels association claims commercial gas cylinder supply has been stopped.
🔴 While hotel associations claim supply has "ground to a halt" since Sunday, the Ministry of Petroleum has clarified there is no official ban. Instead, they have diverted all newly produced LPG (from propane/butane streams) exclusively to households.
🔴 Maharashtra government suspended the issuance of new auto-rickshaw permits across the state from March 9 to control traffic congestion.
🔴 SEBI is examining the Calcutta Stock Exchange application for voluntary exit from business per MoS Finance.
🟢 WeWork India Management leased 1.41 lakh sq ft in Chennai adding approximately 2,605 desks capacity with ₹35 Cr investment planned.
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.