Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Antony Waste Handling Cell’s subsidiary AG Enviro Infra Projects has secured two BMC municipal solid waste collection and transportation contracts in Mumbai, totaling about ₹1,330 crore over seven years.
🟢 Sarveshwar Foods receives in-principle approval from JKHPMC for ₹197.29 Cr Integrated Basmati Cluster Development Project.
🟢 Titagarh Rail Systems receives an order valued at ₹273 Cr, strengthening its rail manufacturing backlog.
Core Business & Regulatory
🟢 Paytm receives RBI authorisation for offline and cross-border payment aggregation under Paytm Payments Services.
🟢 AstraZeneca Pharma India receives permission to import Datopotamab Deruxtecan powder into India.
🟢 Sudarshan Pharma incorporates a wholly owned subsidiary in Poland to expand European operations.
🟢 Bajaj Electricals decides to enter the Solar Solutions business under its Lighting Solutions segment, expanding addressable market.
Partnerships & Acquisitons
🟢 Syrma SGS Tech acquires 60% stake in Elcome Integrated Systems for ~₹235 Cr in first tranche, expanding defense and electronics systems presence.
🟢 Cyient plans to acquire over 65% majority stake in Kinetic Technologies for up to $93 million, strengthening its semiconductor and embedded systems capabilities and expanding its presence in high-growth technology markets.
🟢 AFCOM Holdings signs a 6-year strategic business agreement with Nauru Air Corporation, marking entry into Australia and Pacific cargo corridors with new trade lanes.
🟢 K.P. Energy signed an MoU with Botswana for renewable energy projects, including wind and solar. KP Group and Botswana plan $4B investment to develop 2 GW capacity over 10 years, boosting green energy ties.
Economy, Industry & Other
🟢 India’s telecom exports surged 72% from ₹10,000 crore to ₹18,406 crore, fueled by equipment, software, and services demand.
🟢 Government targets 100 crore 5G subscribers by 2030, enhancing infrastructure, spectrum use, and telecom ecosystem growth.
🟢 HCC, Walchandnagar Industries seen as beneficiary as Lok Sabha passes new Atomic Energy Bill opening nuclear sector to private players, potentially expanding EPC opportunities and project pipeline.
🔴 Supreme Court orally observes measures to curb rising Delhi–NCR air pollution have been a total failure so far
That’s it for today.
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