Things I read yesterday as part of my stock research activities.
New Orders Received
🟢Tata Power received an LoI from REC’s arm to acquire and develop the Jejuri–Hinjewadi 400 kV transmission project, earning about ₹156 crore annually for 35 years under a BOOT model in Maharashtra.
🟢 Vedanta emerged as the successful bidder for the Genjana nickel, chromium, and PGE block, enhancing its access to critical minerals and strengthening its long-term resource base and growth prospects.
🟢 GK Energy received a Letter of Award from MSEDCL for 13,239 solar water pumps worth ₹366.63 Cr, to be executed within 60 days.
🟢 Shakti Pumps secured a contract worth ₹443.78 Cr from Maharashtra State Electricity Distribution Company for 16,025 solar water pumps under PM Kusum B.
🟢 NBCC (India) secured work orders worth about ₹289 crore, mainly PMC work for NALCO’s offices and townships plus a desilting contract for SAIL Bokaro.
Core Business & Regulatory
🟢 Aditya Infotech said CP PLUS and Qualcomm will collaborate to introduce AI-enabled video security solutions in India using Qualcomm Dragonwing processors and Insight Platform.
🟢 Paisalo Digital unveiled an AI-driven customer profiling and fraud detection system, aiming to strengthen underwriting quality and risk controls through automation.
🔴 Indigo CEO Pieter Elbers has been asked to appear before DGCA on December 12, raising regulatory scrutiny risk amid ongoing developments.
🔴 Aviation Minister said Indigo did not hire pilots for the last 6 months, adding to concerns on operational resilience and capacity planning. Aviation Minister also said availability of planes is a key bottleneck for more airlines setting up in India.
Partnerships & Acquisitons
🟢 Chalet Hotels board approved acquisition of a resort property in Udaipur with about 150 rooms for ₹171 Cr, expanding leisure and resort footprint.
🟢 Rama Steel Tubes said its unit will buy Automech Group for AED 296M, indicating an overseas acquisition to scale or diversify operations.
Economy, Industry & Other
🟢 India said PM Narendra Modi had a warm conversation with President Trump, reviewing bilateral progress and discussing regional and international developments.
🟢 EU is considering delaying the combustion engine ban by 5 years, which could extend the runway for ICE supply chains and legacy automakers.
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 to understand more about the business. It does not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.