Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 G R Infraprojects emerges as L1 bidder for ₹2,440.87 Cr NH-33 Greenfield project in Bihar under Hybrid Annuity Mode.
🟢 Ahluwalia Contracts secured a ₹393.04 Cr domestic contract from the Airport Authority of India (AAI) for construction of a new Greenfield airport.
🟢 Mazagon Dock Shipbuilders signs USD 39M contract with Shipping Corporation of India for methanol dual fuel PSV construction.
Partnerships, Investments & Acquisitions
🟢 Manappuram Finance received final RBI approval for Bain Capital to invest approximately ₹4,385 Cr, acquiring joint control alongside existing promoters.
🟢 Belrise Industries unit signs agreement to buy Chester Hall Precision Engineering Holdings for £13.2M, marking strategic entry into global aerospace and defense sectors.
Core Business & Regulatory
🟢 Delhivery International launches Economy Air Shipping to UK, Canada, and Australia.
🟢 Precision Wires India receives BIS certification for manufacturing copper wire rods; commercial production expected to start before end of financial year.
🟢 Awfis Space Solutions crosses 100 centres milestone in South India, surpassing 70,000 seats, serving over 3,400 clients.
🔴 Physicswallah receives ₹263.34 Cr income tax demand notice for AY 2023-24 after authorities treated capital investments from AIFs as taxable income.
🔴 Govt imposes import curbs on silver jewellery studded with diamonds, impacting supply chains of Kalyan and Titan.
Economy, IPO & Other
🔴 DGCA directs airlines to give 60% seat selection free on any flight to ensure fair access.
🔴 Govt says there is no question of privatising BSNL. “BSNL belongs to the people of India”.
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.