Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 RailTel secured a ₹35 Cr 5-year communication solution order from Municipal Corporation of Greater Mumbai for disaster management and emergency response connectivity.
🟢 Interarch Building secured an approximately ₹84 Cr order from Shyam Sel and Power for a pre-engineered steel building system
🟢 Steel Strips Wheels won a $1 million export order for trailer wheels from a US customer.
🟢 Ion Exchange India received contracts worth ₹205 Cr, adding to its water and environment project book.
🟢 B L Kashyap and Sons secured a new order worth ₹616 Cr, strengthening its construction orderbook.
🟢 Vascon Engineers received a ₹260.09 Cr work order from Navi Mumbai Municipal Corporation to build a super specialty hospital.
Core Business & Regulatory
🟢 Lemon Tree Hotels signed a new property in Nepal, supporting its asset-light expansion and cross-border portfolio scale-up.
🟢 Krishna Institute of Medical Sciences unit started operations at a 350-bed hospital in Bengaluru, expanding capacity and service footprint in Karnataka.
Partnerships & Acquisitons
🟢 Delhivery launched an on-demand intracity offering in Mumbai and Hyderabad via the Delhivery Direct app, expanding last-mile and hyperlocal logistics use-cases.
🟢 Intellect Design Arena said its unit partnered with 35 Canadian credit unions, expanding distribution for digital banking and fintech platforms.
🟢 Solex Energy partnered with Malaysia’s TT Vision to advance next-gen solar automation and talent development in India.
Economy, Industry & Other
🔴 Delhi NCR saw construction curbs return due to anti-pollution measures, raising risk of project delays for real estate and infrastructure companies.
🟢 Indian government finalised consultations on raising FDI limit in PSU banks.
🔴 India trade data showed November goods imports $62.66B, exports $38.13B and deficit $24.53B.
That’s it for today.
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