Things I read yesterday as part of my stock research activities.
Quarterly results
New Orders Received
🟢 Supreme Power Equipment secured four domestic orders aggregating ₹128 Cr from Hyderabad-based companies, strengthening its consolidated order book to ₹577.72 Cr.
🟢 HCC secured a ₹2,917.6 Cr water infrastructure contract from CIDCO through the LCESPL-HCC JV, covering a 22.21 km TBM-bored raw water tunnel from Kondhane Dam in Karjat to a 250 MLD water treatment plant at Mohope in Panvel, Raigad; HCC’s share is approximately ₹1,100 Cr.
🟢 Krystal Integrated Services’ associate Advait Krystal Solar Energy SPV (49% stake) received a ₹138 Cr contract from DMER Maharashtra to design, install, and operate rooftop solar PV systems across government hospitals and medical colleges under a 25-year BOOT model.
🟢 Atul Auto entered an MOU with Exponent Energy to manufacture and supply 15,000 electric three-wheelers integrated with Exponent’s 15-minute rapid-charging battery system and powertrain over 3 years, with a total value of ₹490.50 Cr. Exponent’s OTO platform enables a 0 to 100% charge in 15 minutes with a 3,000-cycle warranty, meaningfully reducing downtime for commercial operators versus conventional EV three-wheelers.
Partnerships, Investments & Acquisitions
🟢 Pine Labs acquired 100% stake in Shopflo Technologies for up to ₹88 Cr in an all-cash deal, its first acquisition post-IPO, adding D2C checkout optimisation to its payments stack. Shopflo’s platform has helped merchants improve checkout conversion rates by 15 to 20%, directly plugging a product gap between Pine Labs’ offline POS and online payments verticals.
Core Business & Regulatory
🔴 RBI cancelled the banking licence of Paytm Payments Bank Limited effective April 24, 2026, under Section 22(4) of the Banking Regulation Act 1949, citing affairs being conducted detrimental to depositors and non-compliance with Payments Bank licence conditions. Over ₹800 Cr in customer deposits remain stuck in Paytm Payments Bank nearly two years after operations were halted, with roughly ₹400 Cr in frozen accounts and ₹400 Cr unclaimed. One 97 Communications has zero business exposure to PPBL and all Paytm services remain fully operational and unaffected.
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.