Things I read over the weekend as part of my stock research activities.
New Orders Received
🟢 HAL signed contract with GE for supply of 113 engines from 2027 to 2032 to power LCA Mk1A fleet.
🟢 Welspun Enterprises secured a ₹3,145 Cr order to design build and operate 910 MLD water treatment plant at Panjrapur Maharashtra.
🟢 NBCC secured a ₹350.31 Cr Project Management Consultancy work order from Heavy Vehicles Factory for capital civil works.
🟢 Ashoka Buildcon Ltd secured a ₹539.35 crore order from the North Western Railway (Ajmer division) for upgrading the electric-traction system from 1×25 kV to 2×25 kV along ~660 km.
🟢 Pennar Industries Ltd secured new orders worth ₹956 crore across its various business verticals, to be executed largely over the next two quarters.
Core Business & Regulatory
🟢 Shree Pushkar Chemicals & Fertilisers Ltd approved a new ₹350 crore investment to add 3.0 lakh MTPA capacity at its Meghnagar Unit 8, to be commissioned by FY28.
🟢 KPI Green Energy Ltd received a “Category A” intra-state electricity-trading licence from the Gujarat Electricity Regulatory Commission (GERC) enabling power trading. It also supports its 4GW-plus capacity expansion ahead of green hydrogen/BESS projects.
🟢 HPL Electric & Power Ltd resolved its long-standing trademark dispute with Havells India Ltd over use of the “HAVELLS” mark, formalising rights and settling all litigations.
Partnerships & Acquisitons
🟢 JSW Group is in advanced talks with Japanese and South Korean firms to form a battery-cell manufacturing JV in India, aiming to reduce reliance on China-sourced battery supply chains.
🟢 Adani Enterprises Ltd’s Kutch Copper unit signed a memorandum of understanding (MoU) with Australia’s Caravel Minerals Ltd to source up to 71,000 tonnes of copper annually from the Caravel project.
Economy, Industry & Other
🟢 SEBI issued a caution to investors that digital-gold or “e-gold” products are not regulated, and therefore pose high risk without investor protection.
🟢 Sridhar Vembu proposed a 10-year national mission for technological resilience (Plan B).
🟢 Tesla Inc sold 40 cars in India in October, highlighting the nascent scale of its operations in the Indian market relative to expectations.
Company Results
That’s it for today.
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