Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Dilip Buildcon emerged as L-1 bidder for a ₹5,000 Cr mine developer and operator contract from NALCO for the 25-year development and operation of Pottangi Bauxite Mines in Odisha.
🟢 Varroc Engineering won an eight-year contract to supply high voltage e-powertrain components including power electronics and battery management systems to an electric vehicle OEM.
🟢 Consolidated Construction Consortium bagged new domestic orders worth ₹276.48 Cr across seven projects in building & factory and mechanical & electrical divisions, boosting its order backlog to ₹853 Cr.
🟢 Surya Roshni secured an order worth ₹105 Cr for lighting and consumer durables products.
🟢 Niraj Cement Structurals obtained a work order worth ₹220 Cr for construction activities.
🟢 Premier Explosives received an export order worth ₹73 Cr for defence-related products.
🟢 Ceigall India received a letter of intent to establish a 400/220 KV Velgaon substation with annual transmission charges set at ₹58.5 Cr.
🟢 Acme Solar Holdings emerged as winning bidder for a 130 MW round-the-clock renewable energy tender from REMCL for Indian Railways.
🟢 B.R. Goyal Infrastructure won a ₹33.27 Cr contract from NHAI for toll collection operations.
🟢 BCPL Railway Infrastructure emerged as L-1 bidder for a ₹79 Cr RVNL project involving overhead electrification upgradation, to be executed within 18 months.
🟢 RMC Switchgears received an order worth ₹42 Cr for electrical equipment supply.
🟢 GEE signed a development agreement for its Thane land, expecting to receive approximately 2,90,000 sq ft of RERA-registered constructed area with revenue potential upwards of ₹400 Cr during the project lifecycle.
Core Business & Regulatory
🟢 Apollo Hospitals opened a new 400-bed multi-specialty facility in Pune.
🟢 Coforge unveiled Forge-X an integrated engineering and delivery platform to deliver AI-driven software at scale.
🟢 Embassy Developments plans to launch six new residential projects in North Bengaluru valued at ₹10,300 Cr, covering 5.6 million sq ft of development potential and targeting ₹5,000 Cr in pre-sales for FY26.
🟢 Sunita Tools acquired a second factory building in Faridabad on rent to house Line 2 for manufacturing artillery shells. Targeting commercial production by October 2026.
🟢 RITES plans to export in-service diesel locomotives to South Africa starting end of this fiscal year, marking its first such initiative under Ministry of Railways to boost international revenues.
Partnerships & Acquisitons
🟢 Bharat Electronics inked a joint venture cooperation agreement with Safran Electronics & Defence for production of Hammer smart precision guided air-to-ground weapons in India.
🟢 Eris Lifesciences acquired a 30% stake in Swiss Parenterals Ltd for ₹423 Cr.
🟢 Pavna Industries entered an MoU with Government of Uttar Pradesh for a proposed ₹250 Cr investment over 3-5 years in a new project.
Economy, Industry & Other
🟢 Insurance sector to benefit from government proposal permitting merger between insurance and non-insurance companies, easing consolidation and business expansion opportunities.
🟢 Government to also propose open architecture for individual agents in insurance sector during winter session, allowing agents to sell policies from multiple insurers and increasing competition.
🟢 India and Canada agree to fast-track FTA negotiations and resume CEO forum in 2026, boosting trade and bilateral economic ties.
That’s it for today.
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