Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 G R Infraprojects emerged as the lowest bidder for a contract worth ₹1,454 Cr. GR Infra has now secured three major L1 wins in FY26, adding over ₹5,800 Cr to its order pipeline.
🟢 KNR Constructions won a ₹1,734 Cr NHAI HAM project for 4-laning of NH-167 (80.01 km Gudebellur-Mahabubnagar section in Telangana), part of the Hyderabad-Panaji Economic Corridor
🟢 JNK India secured a major order from JNK Global, Korea for cracker furnace package support in an Indian refinery project worth ₹300-600 Cr. JNK Global is JNK India's parent. This is an intra-group export revenue flow.
🟢 Seamec bagged a ₹330 Cr ONGC contract for Samudra Prabha O&M services. O&M contracts with ONGC provide multi-year annuity revenue with lower execution risk.
Partnerships, Investments and Acquisitions
🟢 Aegis Vopak Terminals executed a deed of assignment to transfer rights for acquiring a specialised ammonia storage terminal at Pipavav Port to its unit with a planned static storage capacity of 36,000 MT. Ammonia is a key hydrogen carrier. Pipavav ammonia storage positions Aegis Vopak directly in India's green hydrogen import corridor.
🟢 UltraTech Cement settled a ₹1,000 Cr dispute with Jaiprakash Associates and secured full control of the Dalla unit. Dalla's ~2.5 MTPA capacity in Uttar Pradesh removes a long-running legal overhang and clears UltraTech's path to full capacity utilisation.
Core Business & Regulatory
🟢 Chandan Healthcare entered Chhattisgarh by launching a Raipur diagnostic centre. Diagnostics penetration in Chhattisgarh is significantly below the national average. Offers great potential.
🟢 Eicher Motors' Royal Enfield launched the 2026 Guerrilla 450 Apex with sportier design and enhanced performance; bookings open now with retail sales starting March 31, 2026. The 350-500 cc motorcycle segment is growing at approximately 18% CAGR, and the Guerrilla 450 directly targets the performance-oriented youth buyer.
🟢 PVR Inox is set to end FY26 on a three-year high with Dhurandhar 2 topping ₹600 Cr in India. Current Occupancy at 50-60% with plans to add 100-110 screens annually. 50-60% occupancy is excellent. Pre-covid it used to be only 33-35%
🟢 Urban Company's InstaHelp crossed 1 million monthly delivered bookings, becoming the fastest-growing vertical in company history. Nearest rival Snabbit had ~0.5 million monthly orders in February, giving InstaHelp roughly 2x lead with 49% segment share.
🔴 Reliance Industries strongly denied media reports alleging it purchased crude oil of Iranian origin, calling the claims baseless and factually incorrect.
🔴 Tata Motors' Jaguar Land Rover halted production at its UK Solihull plant for up to two weeks after a fire at one of its key suppliers in Norway. Solihull is JLR's most profitable plant producing Range Rover and Range Rover Sport.
🔴 IDFC First CEO said the bank will post profit in Q4 despite taking the full hit of the Haryana fraud.
🔴 Kotak Mahindra Bank said there is no material impact from the alleged FD fraud linked to Panchkula Municipal Corp and is cooperating fully with authorities.
🔴 50% of commercial planes reported technical defects per a Parliament panel audit, with IndiGo accounting for the highest number. India's commercial aviation fleet has become 3X in a decade, but airline maintenance engineering headcount has not kept pace with fleet growth.
Economy, Industry & Other
🟢 Government sharply cut fuel excise duty with petrol duty slashed to ₹3/litre from ₹13 and diesel duty reduced to 0 from ₹10. The annual revenue cost of the cut is estimated at ₹1.75 lakh crore. The move primarily offsets OMC losses.
🔴 Steel Ministry flagged an LPG supply crunch amid West Asia tensions.
🔴 India's FX reserves fell to $698.35 Bn vs $709.76 Bn previously. RBI deployed an ~$16-18 billion in March to defend the rupee.
🔴 INR traded at 94.50 per USD. The rupee has weakened 10.38% over the past 12 months.
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.