Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 JK Lakshmi Cement has been declared the preferred bidder for the Juipahar Limestone Block (A and B) in Assam, covering 405 hectares.
🟢 VA Tech Wabag bagged a Mega PPP order from CMWSSB for a 45 MLD TTRO plant in Chennai, involving 18 months of refurbishment followed by 18.5 years of operations.
🟢 Enviro Infra Engineers secured a ₹411 Cr sewerage EPC project from Bihar Urban Infrastructure Development Corporation under AMRUT 2.0.
🟢 Aarti Industries secured a USD 150 million medium-term supply contract with a global agrochemical major valid until March 2030.
🟢 Ceigall India emerged as L1 bidder for 4 MoRTH road EPC projects in Arunachal Pradesh with an aggregate bid cost of ₹2,149.62 Cr (74% JV share).
Core Business & Regulatory
🔴 Zomato and Swiggy services have been disrupted in Andhra Pradesh
🟢 TVS Motor launched the TVS Orbiter V1 electric scooter starting at ₹49,999 along with a Battery-As-A-Service model across its EV lineup.
🟢 Zydus Lifesciences launched AI-powered Continuous Glucose Monitoring devices Diasens and GlucoLive developed with TatvaCare.
🔴 Balaji Amines says the Middle East war has disrupted LNG supply causing an ammonia shortage that is impacting operations.
🟢 Wanbury received Brazilian ANVISA approval for Sertraline Form II, strengthening its 75% market share in Brazil.
Economy, IPO & Other
🔴 India’s February inflation rose to 3.21% from 2.75% in January.
🟢 NSE has appointed Morgan Stanley and 19 others for its India IPO.
🟢 BSNL is receiving ₹3.22 lakh Cr worth of government revival packages covering capital infusion, debt restructuring, and viability gap funding for rural telephony.
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.