Evening Bulletin 🚦 Date: 13-Feb-2025 📍 *Order Wins* - *Waaree Renewable*: Wins a ₹40 crore order for EPC work on a 40 MWh battery storage system, scheduled to be completed by FY26. - *Sahaj Solar*: To complete 51.4 MW of upcoming projects by FY26, with an ambitious capacity expansion from 100 MW to 1,600 MW by FY26. - *Dhabriya Polywood*: Wins a ₹3.98 crore order. - *Trishakti Industries*: Secures a ₹2.6 crore order with Jindal Stainless Limited for supplying advanced heavy machinery for its ongoing steel project. - *Supreme Power*: Wins a ₹10.18 crore order for manufacturing and supplying parts for transformers in Chennai. - *Krystal Integrated*: Awarded a ₹19.62 crore contract by Tindivanam Pharma Park Association in Tamil Nadu. --- 📍 *Partnerships & MoUs* - *ASM Technologies*: Signs an MoU with the Karnataka government to invest ₹510 crore in expanding ESDM and precision engineering capacity. The company will acquire 10 acres from KIADB for a new design facility. - *L&T Tech*: Altair and LTTS launch a 5G-6G Wireless Center of Excellence to advance connectivity, accelerating innovation for clients in tech, mobility, and other sectors. - *HAL*: Signs multiple MoUs for collaboration in areas such as avionics, helicopter systems, and civil aircraft MRO services. - *Texmaco Rail*: Signs a Global Supply & Services Agreement with Trinity Rail Group LLC to collaborate on rolling stock and component design for Indian and global markets. --- 📍 *Clarifications and Announcements* - *Godavari Power*: The board approves the cancellation of the 2-million-ton integrated steel plant at Sarora, Chhattisgarh, and the OPVC pipes project in Raipur. A smaller steel plant plan is being developed. A proposal for a 25 MW solar power plant for iron ore beneficiation at Ari Dongri Iron Ore mines has been approved, with an estimated cost of ₹75 crore. - *Adani Green*: In advanced talks with an SBI-led consortium to raise up to ₹10,000 crore to refinance dollar loans. - *Shilpa Medicare*: Receives CDSCO approval for Phase 3 clinical trials and marketing approval for Nor Ursodeoxycholic acid Tablets, a significant development for treating NAFLD. - *Niva Bupa*: Receives IRDAI approval for acquiring up to 9.7 crore equity shares by an existing investor group entity. --- 📍 *Acquisitions & Sales* - *Sangani Hospitals*: To invest ₹18.8 crore by acquiring a 55% stake in Sadbhavna Hospital and Medical Research Centre Private Limited. - *PDS Ltd*: Incorporates NexStyle Apparel Manufacturing Limited as a wholly-owned subsidiary to expand its manufacturing footprint in India and internationally. --- 📍 *Investments & Financials* - *M&M Finance*: Board approves up to ₹3,000 crore fundraising via a rights issue. - *Bank of Baroda*: Plans to raise up to ₹8,500 crore through QIP and other methods. - *Tata Power & Tata Motors*: Launches Open Collaboration 2.0 to accelerate EV adoption in India and plans for 400,000 charging points nationwide by 2027. - *BSE*: NCDEX diversifies into equity and derivatives with a ₹400-600 crore investment. --- 📍 *Regulatory Updates* - *Borosil Renewables*: DGTR recommends final Anti-Dumping Duty (ADD) and Countervailing Duty (CVD) on solar glass for five years. - *BPCL*: Signs a strategic contract with Petrobras for Brazilian crude supply, enhancing India’s energy security. - *NHPC*: Resumes talks with Bhutan for a hydropower project, says CMD Raj Kumar Chaudhary. --- 📍 *Miscellaneous* - *Swiggy*: Blinkit and Zepto ahead of Swiggy Instamart in quick commerce, according to Citi research. - *Adani Enterprises*: To double ammunition production capacity amid strong global demand. - *Zen Technologies*: Expands defense portfolio at Aero India 2025 for battlefield readiness and global security. - *JSW Steel*: Parth Jindal welcomes steel tariffs and Tesla's entry into India. - *Ultratech Cement*: Completes a 0.6 MTPA slag-based grinding capacity expansion at its Karur plant, increasing its total capacity to 166.91 MTPA domestically. - *Religare Enterprises*: Executive Chairperson Rashmi Saluja ceases to be the Director of the company. Stay Updated