Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Power Mech Projects secured a ₹710 Cr order from Adani Group for O&M and overhauling of a 5x660MW thermal power plant in Maharashtra.
🟢 Suntech Infra Solutions received a work order from Indo Asia Copper Limited worth ₹312.9 Cr.
🟢 RVNL received a Letter of Award from NMDC for refurbishment at Kirandul and Bacheli worth ₹952.7 Cr.
🟢 Tejas Networks was selected for a 4G network expansion project in South Asia.
🟢 Goodluck India commenced first overseas dispatch of a $6 million order for 155mm heavy calibre empty shells from its Uttar Pradesh plant, marking entry into global defence supply chain.
🟢 Newgen Software secured a $2.22M (₹20.54 Cr) software deal from a leading Kuwait bank.
Partnerships, Investments & Acquisitions
🟢 Reliance Industries signed a landmark binding 15-year green ammonia offtake agreement with Samsung C&T valued at over $3B, commencing H2 FY2029.
🟢 Bajaj Electricals acquired Morphy Richards brand rights in India and neighbouring markets for ₹141.4 Cr.
🟢 Intellect Design Arena announced a 50:50 joint venture with Fintel PLC in the UK to deploy an Agentic AI platform in the UK wealth management market.
Core Business & Regulatory
🔴 Tata Motors Passenger Vehicles announced a price increase to partially offset rising commodity and input costs.
🔴 Alkyl Amines Chemicals suffered LNG supply disruption impacting ammonia production and temporarily suspended manufacturing of methylamines and ethylamines at 3 sites.
🟢 Carborundum Universal commenced commercial production of cutting and grinding wheels at Hosur, doubling annual capacity to over 90 million wheels.
🟢 Waaree Energies announced India’s largest 10 GW integrated ingot and wafer manufacturing facility in Nagpur.
🟢 Cupid announced development of a nitrile female condom targeting the global female condom market.
Economy, IPO & Other
🟢 India’s February 2026 services trade surplus reached $23.15 billion, driven by exports of $39.53 billion (up from $31.65 billion YoY) and imports of $16.38 billion (up from $14.51 billion).
🔴 India February WPI Inflation YoY at 2.13% vs 1.81%.
🔴 Trump postponed his China visit by about a month, saying he needs to remain in the US.
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.