Things I read yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 Engineers India Limited has secured a contract to support Dangote refinery’s Train 2, which will boost capacity from 650,000 barrels/day to 1.4 million barrels/day, producing Euro VI-grade fuels.
🟢 CESC Green Power signed an MoU with Odisha government for 3 GW solar cell-module manufacturing, 5 GWh battery pack, and 60 MW captive plant.
🟢 AXISCADES Tech secured a ₹100 Cr defence radar subsystem contract for LLTR Ashwini programme from Bharat Electronics
🟢 Diamond Power Infra received an LOI from Enrich Energy for supply of power cables worth ₹52.5 Cr.
Partnerships, Investments & Acquisitions
🟢 Lloyds Metals subsidiary Lloyds Global Resources completed a $90.8M deal to acquire 50% in Nexus Holdco with DR Congo copper mining assets.
🟢 Jeena Sikho Lifecare unit approved acquisition of 51% stake in Back to Roots, expanding across allied healthcare segments.
Core Business & Regulatory
🟢 PhysicsWallah unit PenPencil acquired 1.16 acres land in Ranchi for ₹38 Cr to support expansion plans and future infrastructure capacity buildout.
🟢 TVS Srichakra’s board has cleared a ₹210 crore capex to expand tyre manufacturing capacity at Rudrapur Unit-2.
🟢 Rashtriya Chemicals and Fertilizers has been granted Indian patent no. 578371 for a fertilizer coating system and process, valid 20 years from 19 March 2024, strengthening its product innovation pipeline.
🔴 Vedanta unit ESL Steel received a ₹1,255 Cr demand notice from Odisha Mines Department over alleged production shortfall.
🔴 IndiGo said DGCA issued 8 orders after probing disruptions during 3–5 Dec 2025, levying total financial penalty of ₹22.20 Cr.
Economy, IPO & Other
🟢 Indian pharmaceuticals are seeing Brazil and Nigeria emerge as major export markets. This supports sector diversification beyond traditional geographies.
🔴 US President Trump announced 10% tariffs on Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland from 1 Feb, rising to 25% from 1 Jun.
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.