Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Godrej Properties enters Thane with an 18-acre project with ₹7,500 Cr revenue potential.
🟢 Dee Development Engineers secures ₹173 Cr orders across domestic and international power sector projects.
🟢 RailTel wins LOI with Ashoka Buildcon from Govt of Maharashtra with expected 5-year financial impact of ~₹1,136.18 Cr.
🟢 RPP Infra Projects has bagged a ₹205.89 crore EPC order from the Sports Development Authority of Tamil Nadu for establishing the Global Sports City in Chennai.
🟢 Hazoor Multi Projects wins ₹182.95 Cr Tata Steel order for residential unit construction with 24-month completion timeline.
Partnerships, Investments & Acquisitions
🟢 HCLTech completes acquisition of AI data analyst agents startup Wobby.
Core Business & Regulatory
🟢 NHPC’s board has approved investments of ₹2,708.95 crore for the 240 MW Uri‑I Stage‑II and ₹2,993.96 crore for the 260 MW Dulhasti Stage‑II hydro projects in Jammu & Kashmir, with construction targeted from 1 March 2026.
🟢 eMudhra opens Almaty office to support Central Asia digital transformation with secure identity and e-sign trust services.
🟢 Narayana Hrudayalaya acquired 3.3 acres in Bengaluru’s Electronic City on Feb 20, 2026, with 36,476 sqm built-up area, for software development center and Global Capability Center expansion.
🟢 Heritage Foods gets favorable order on flavoured milk classification as appellate authority sets aside earlier order.
Economy, IPO & Other
🟢 The US Supreme Court ruled 6-3 on February 20, 2026, that President Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA) exceed presidential authority, as the 1977 law does not explicitly authorize tariffs. The ruling halts IEEPA-based tariffs (~half of total revenue, over $130B collected), prompting Customs and Border Protection to stop collection. Trump called the ruling a “disgrace”, “deeply disappointing… ashamed not having courage to what’s right for our country.”
🟢 NSE to launch nanosecond-level response times for equities and equity derivatives from April 11, 2026, boosting capacity to ~100 million trades/second. Nearly 1,000x faster than the current system.
🟢 Odisha approved 10 industrial projects worth ₹44,200 crore on Feb 21, 2026, including Adani’s ₹9,731 crore pumped storage hydro in Nayagarh and ASP Semicon’s ₹4,620 crore memory chip plant in Khurda, creating 8,765 jobs across 8 districts.
🟢 SEBI suspended GM Achal Singh from its Corporate Finance Department on Feb 20, 2026, via Office Order No. 08/2026, over a sensitive vigilance case linked to C2C Advanced Systems SME IPO probe interference. He is barred from SEBI premises and gets subsistence allowance pending disciplinary action.
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.