Things I read yesterday as part of my stock research activities.
Quarterly Results
New Orders & Projects
🟢 Swan Defence & Heavy secured a USD 227 million international order from Rederiet Stenersen AS for 6 chemical tankers of 18,000 DWT, valued ~₹2080 Cr.
🟢 M&B Engineering received a major domestic order worth ₹47.66 Cr for pre-engineered building and structural steel manufacturing.
Partnerships, Investments & Acquisitions
🟢 Waaree Renewables approved acquiring ~55% stake in Associated Power Structures Limited for ~₹1,225 Cr, a power transmission and distribution infrastructure company.
🟢 PVR INOX signed a definitive agreement to divest its entire stake in Zea Maize Private Limited (4700BC brand) to Marico for ₹226.8 Cr. Marico will acquire 93.27% of Zea Maize.
🟢 Pine Labs partnered with UAE’s Wio Bank to deploy its Credit+ modular API-first acquiring platform to modernize the bank’s merchant payments infrastructure.
Core Business & Regulatory
🔴 Paradeep Phosphates said Customs seized 25,000 MT imported technical grade urea worth ₹103.30 Cr over alleged biuret-limit violations, with legal contest ongoing.
🟢 ABB India will transfer its robotics business to subsidiary INRBT via ₹1,568 crore slump sale, as part of ABB Group’s global robotics divestment and India portfolio realignment towards higher‑return core segments.
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.