Things I read yesterday as part of my stock research activities.
Quarterly Results
New Orders & Projects
🟢 CG Power & Industrial Solutions secured its largest single export order for power transformers worth $99.2 million from a US customer.
🟢 Deep Industries received ₹108 Cr contract from GAIL for hiring compression facility at RT-USAR plant.
🟢 ONGC JV companies signed shipbuilding contracts with Samsung Heavy Industries for 2 Indian-flag very large ethane carriers.
Partnerships, Investments & Acquisitions
🟢 NRB Bearings acquired Mahant Tool Room for ₹27.5 Cr to enter aerospace business.
🟢 Marico completed acquisition of True Elements to 100% and increased its Plix stake, strengthening its premium nutrition and digital-first portfolio.
🟢 Titagarh Rail Systems and ABB signed an agreement to deliver propulsion systems for 25KV metro applications, supporting domestic rolling stock capabilities.
Core Business & Regulatory
🟢 Hindalco announced ₹21,000 Cr smelter expansion and commissioned battery-grade foil plus flat-rolled product facilities in Odisha, as part of a ₹37,000 Cr capex plan. This enhances long-term aluminium capacity and supports EV/renewables demand.
🟢 Caplin Point Laboratories received final USFDA approval for Methylprednisolone Acetate Injectable Suspension, a generic version of Pfizer’s Depo-Medrol. This strengthens its US injectables portfolio and opens a sizable chronic pain and inflammatory disorders market opportunity.
Economy, IPO & Other
🔴 South Africa is considering tariffs up to 50% on vehicles from China and India to protect its auto industry. Likely impacted listed Indian-linked companies include: Maruti Suzuki (via exports), Mahindra & Mahindra, Tata Motors, and possibly OEMs using India as an export hub for South Africa.
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.