Things I compiled yesterday as part of my stock research activities.
New Orders Received
🟢 John Cockerill India bagged a ₹300 Cr order from JSW Steel Coated Products for a Continuous Galvanizing Line (CGL#3) at the Khopoli Plant. JCIL has now executed CGL lines for AMNS Hazira and Tata Steel Kalinganagar; JSW Khopoli expands its dominance across India’s full coated-steel value chain.
🟢 Container Corporation of India bagged a turnkey order for 09 BLSS (Spine Car) rakes worth ₹175 Cr.
🟢 Paras Defence and Space Technologies signed a 10-year agreement with Bandak Aviation (DBA Northstar), USA for supplying air-to-air refueling systems to Indian Armed Forces. India currently operates only six aging IL-78MKI tankers; this deal addresses a critical force-multiplier gap for the IAF’s deep-strike mission capability.
Partnerships, Investments & Acquisitions
🟢 Hitachi Energy and Adani Energy Solutions successfully commissioned a major HVDC City Center Infeed in Mumbai, enabling up to 1,000 MW power injection and increasing electricity supply by 50%, supporting over 20 million residents. The link uses the world’s first compact HVDC substation and freed 2 sq km of urban land. It was conceived directly in response to Mumbai’s October 2020 blackout.
🟢 Aurobindo Pharma’s subsidiary TheraNym Biologics signed an additional product schedule with Merck Sharp & Dohme, expanding its CMO relationship and will build a 60 KL mammalian drug substance manufacturing facility at an investment of $150-175 million. India currently has near-zero commercial-scale biologics CDMO capacity.
🟢 Time Technoplast signed an MOU to acquire a 76% stake in Systoverse to strengthen its HDPE Pipe business. India’s HDPE pipe market is growing at ~12% CAGR, driven by Jal Jeevan Mission and infrastructure spending.
Core Business & Regulatory
🟢 Tata Group Chairman N. Chandrasekaran said the group expects to roll out 20 lakh vehicles in the next 5 years and will also manufacture hydrogen buses from the Lucknow factory. At 4 lakh units per year, this would represent over 30% growth from Tata Motors’ current commercial and passenger vehicle combined volumes. Hydrogen bus production signals early-mover positioning in zero-emission transport.
🟢 Prestige Estates delivered highest-ever annual sales of ₹30,024 Cr vs ₹27,000 Cr guidance for FY26. The 76% YoY surge marks the first time Prestige has crossed the ₹30,000 Cr threshold, with NCR alone contributing 33% of FY26 volumes.
🟢 Nuvoco Vistas approved establishing a bulk cement terminal at Viramgam, Gujarat with ~1.5 MMTPA capacity and dedicated railway siding, expected to be commissioned by FY 2027-28. Gujarat’s cement consumption is growing on the back of GIFT City, port-led infrastructure, and PM Gati Shakti projects.
🔴 Vedanta’s 600 MW coal plant in Chhattisgarh was shut after a boiler explosion. The blast at the Athena Power Plant in Singhitarai, Sakti district on April 14 killed at least 16 workers. The unit had been commissioned only in August 2025, less than 9 months ago.
Economy, Sectors & Other
🔴 Active investor base declined for the first time in 3 years per NSE data, with active investors declining by ~35 lakh. Angel One saw a decline in retail trading. NSE active accounts fell from 4.92 Cr to 4.57 Cr in FY26. Zerodha’s active share slipped to 15.08% and Angel One’s to 14.79%.
🔴 India’s March WPI inflation rose to 3.88% YoY vs 2.13% previous. The 175 bps MoM spike was primarily driven by crude petroleum.
🟢 IRDAI is asking all insurance companies to share detailed data on commissions paid, hinting at a major overhaul of insurance commission structures. Insurers have proposed a mutual-fund-style TER cap on commissions. PB Fintech carries asymmetric downside risk if variable commission structures are curtailed.
🟢 Govt notified pricing norms for low-grade iron ore (haematite, BHQ, BHJ) to boost production. ASP for 35-45% Fe grade is set at 75% of the higher-grade benchmark, making beneficiation economically viable for the first time and unlocking vast sub-45% Fe reserves in Odisha and Jharkhand. Benefits NMDC.
🔴 CCI found 28 companies violated anti-trust rules between 2015 and 2023. WhatsApp groups including “Friends of Steel” and “TMT TYCOONS” were used to coordinate steel price fixing. Probe includes Tata Steel, JSW Steel, SAIL, and RINL, with 56 senior executives held personally liable. Under Section 3 of the Competition Act, CCI can impose fines of up to 10% of annual turnover per year of wrongdoing. JSW and SAIL have denied the allegations.
Quarterly Results
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.