Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 H.G. Infra Engineering wins ₹401 Cr rail infra contract for Anuppur Thermal Power Project in Madhya Pradesh.
🟢 Univastu India receives work order worth ₹229.97 Cr from Maharashtra Metro Rail Corporation for Pune Metro Project, to be completed in 27 months.
🟢 Ramco Systems selected by Tata Advanced Systems to implement aviation software for a Defence MRO facility, supporting maintenance of Lockheed Martin C130J aircraft for the Indian Air Force.
Partnerships, Investments & Acquisitions
🟢 Reliance Industries is set to partner in America First Refining’s $300B project to build the first new US oil refinery in 50 years at Brownsville, Texas, which Trump says will boost US energy production and global exports.
🟢 PTC Industries enters 5-year strategic collaboration with Coolbrook for Roto Dynamic Electrification Technology development including aerofoil machining and design optimisation.
🟢 Cyient announces strategic partnership with Prospecta to transform asset-intensive industries through unified digital solutions.
🟢 Thomas Cook India and SOTC Travel partner with Booking.com to integrate over 31 million global accommodation listings into their corporate booking tools.
🟢 V-Guard Industries acquires 30.35% stake in Gegadyne Energy Labs (battery and energy storage technology) for ₹25 Cr.
Core Business & Regulatory
🟢 Happiest Minds Technologies revises FY27 revenue growth guidance to 12.5% from 10% driven by accelerating AI First strategy momentum with strong demand
🟢 Blue Star unveils a new range of 125 unitary cooling product models for Summer 2026 complying with new BEE standards, expanding manufacturing capacity to 1.8 million units with smart Wi-Fi models.
🔴 Interglobe Aviation (IndiGo) CEO Pieter Elbers resigns effective March 10, 2026 citing personal reasons; Managing Director Rahul Bhatia assumes management of airline’s affairs until a new leader is appointed.
Economy, IPO & Other
🔴 Maharashtra MOS states commercial LPG supply has completely stopped. Mumbai Hotel Association reports 20% hotels are shut and 80% will be shut today or tomorrow.
🔴 IT Department has asked brokers to deposit excess Securities Transaction Tax collected from clients for FY24 and earlier years along with interest.
🟢 India Cabinet grants International Status to Madurai Airport.
🟢 Apple boosted India iPhone output by 53% in 2025 and now makes about 25% of iPhones in India.
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.