Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Thermax subsidiary secured an international order valued over ₹580 Cr from Dangote Industries in Nigeria for supplying four 400 TPH utility boilers and associated systems for their refinery and petrochemical complex.
🟢 Pace Digitek material subsidiary won a ₹199 Cr contract from L&T Construction for Battery Energy Storage Systems supply to Bihar State Power Generation Company with delivery expected by March 2026.
🟢 Salasar Techno Engineering awarded two prestigious contracts aggregating approximately ₹695.18 Cr enhancing its project portfolio in engineering and infrastructure sectors.
🟢 Indo Tech Transformers wins an order worth ₹91.3 Cr boosting its transformer manufacturing and supply operations in the power sector.
🟢 Patel Engineering gets a project valued at ₹798 Cr expanding its civil engineering and construction capabilities in large-scale infrastructure.
🟢 M & B Engineering bags an order worth ₹67 Cr for pre-engineered building supply in the USA advancing its international structural engineering business.
🟢 Paras Defence signed licensing agreement with DRDO for transfer of technology of driver night sight for T-90 tank enhancing defence capabilities.
Core Business & Regulatory
🟢 Asian Paints unit to set up second facility in UAE with investment AED 140M and capacity of 55800 KL per annum for paints production.
🟢 RBI grants certificate of authorization to Paytm Payments Services Limited to operate as payment aggregator boosting digital payment operations.
🟢 Bajaj Auto launched Riki e-rickshaw with monocoque chassis, hydraulic braking, independent suspension and class-leading 164 km range addressing reliability safety gaps.
🟢 Dr Lal Pathlabs launched India’s first Comprehensive Complement Testing Laboratory offering advanced assays for autoimmune kidney and recurrent infection diagnostics as specialized hub.
🟢 Studds Accessories incorporates unit in Spain to drive global growth and expand Europe distribution for its helmet and accessory product lines.
🟢 Mahindra & Mahindra introducing world’s first Formula E themed special edition SUV Mahindra BE 6 priced at ₹23.69 lakh.
🟢 Hi-Tech Pipes commenced commercial production at Sanand Unit II Phase II adding 1 lakh MTPA capacity for large-diameter ERW pipes and jumbo hollow sections targeting infrastructure solar sectors.
Partnerships & Acquisitons
🟢 Zydus Lifesciences partnered with RK Pharma for exclusive licensing and commercialization of novel 505(b)(2) sterile injectable supportive oncology product in US targeting $6.2 million unit market.
🟢 TCS extended long-standing strategic partnership with ALDI SOUTH to manage infrastructure and application services deploying AI-enabled Cloud Operations Solution for global efficiency.
🟢 CE Info Systems partnered with Zoho CRM to integrate Address Capture and Nearby Lead Finder features empowering users with indigenous location intelligence for optimization.
🟢 LG Balakrishnan signs MOU with Government of Tamil Nadu for infrastructural regulatory facilitation supporting its auto components manufacturing expansion.
🟢 Apollo Micro Systems forms strategic tri-party R&D alliance with IIT-Chennai and Indian Navy to accelerate indigenous defence technologies under Aatmanirbhar Bharat.
Economy, Industry & Other
🟢 Rare earth magnets incentives scheme approved in Indian Cabinet meeting boosting domestic production and strategic mineral sector.
🟢 PM Modi plans to bring MRO in shipping sector big time enhancing maintenance repair overhaul capabilities in maritime industry.
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 to understand more about the business. It does not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.