MORNING Bulletin 🚦 Date: 17-Feb-2025 📍 *Order Wins* - *BHEL*: Wins a ₹6,700 crore order from Singareni Collieries Company Limited (SCCL) for the EPC package of the 1x800 MW Singareni Stage-II project, with completion expected within 48 months. - *EMS*: Receives a Letter of Award from Jaypee Infratech Limited for civil, structural, finishing, and MEP works at the "ORCHARDS" multi-storeyed group housing project at Jaypee Wish Town, Noida, Uttar Pradesh. The contract is valued at ₹272.89 crore and is expected to complete within 24 months. - *Zaggle Prepaid*: Enters into an agreement with Khrone Marshal Pvt Ltd to provide the Zaggle Propel reward platform. --- 📍 *Appointments & Resignations* - *Gujarat Narmada*: Appoints T Natarajan as Managing Director (effective February 5, 2025) and Pankaj Joshi as Director & Chairman (effective February 6, 2025). - *AGS Transact*: Key resignations effective February 14, 2025, include: - Mr. Sivanandhan Dhanushkodi (Independent Director) - Mrs. Jhuma Guha (Independent Director) - Ms. Sneha Kadam (Company Secretary & Compliance Officer) - Mr. Shailesh Shetty (Managing Director, SVIL) - *Kamdhenu Ventures*: Shri Ashim Ranjan Banerjee, VP – R&D, resigns due to health issues, effective February 28, 2025. - *Calcom Vision*: Promotes Mr. Debasish Mukherjee from COO to CEO, effective April 01, 2025. --- 📍 *Financials & Investments* - *BSNL*: Reports ₹262 crore profit in Q3, marking its first profit since 2007. - *ADF Foods*: Approves an additional investment of up to USD 2.5 million in its UK subsidiary, ADF Foods (UK) Limited, via Optionally Convertible Preference Shares (OCPS). - *Reliance Industries*: Completes acquisition of a 100% equity stake in Lakadia Power Transmission Ltd (LPTL) for ₹6.73 crore, making LPTL a wholly owned subsidiary. - *UFlex*: Approves setting up a ₹317 crore recycling unit in Noida for PET bottles and mixed plastics, while also planning a new manufacturing plant in Mexico with an investment of USD 50 million. - *Remedium Lifecare*: Secures a multi-year supply contract with a UK pharma distributor for APIs, intermediates, and specialty chemicals valued at ₹182.7 crore. --- 📍 *Partnerships & MoUs* - *MRPL*: Signs a tripartite MoU with ONGC and SOCAR to strengthen energy cooperation at India Energy Week 2025. - *L&T & Rafael Advanced Defense Systems*: Announce a MoU during Aero India 2025 for the offering of the TROPHY Active Protection System (APS) indigenously. --- 📍 *Acquisitions & Sales* - *Zen Technologies*: Acquires Applied Research International (ARI) and ARI Labs for ₹130 crore to enhance its defense simulation capabilities. - *Kitex*: Announces demerger of its Textile Business Division into Kitex Garments Ltd. (KGL), with a share swap ratio of 9,706 shares of KGL for every 100 KCL shares on the record date. --- 📍 *Regulatory Updates* - *AGS Transact*: Faces liquidity issues, approaches lenders for loan restructuring, and experiences adverse opinions from auditors. - *Bank of Maharashtra*: Receives RBI approval for its first international branch at GIFT City IFSC. --- 📍 *Miscellaneous* - *Fisher Medical*: Incorporates “Nanyang Biologics (India) Private Limited” to manufacture and distribute nutraceuticals and health-related products. - *Prakash Industries*: Starts coal extraction from its Bhaskarpara Commercial Coal Mine, aiming for cost reductions and improved efficiencies in its integrated steel plant. - *ThaaI Casting*: Holds a groundbreaking ceremony for a new manufacturing unit at SIPCOT Industrial Park, Tamil Nadu. - *PCBL*: Strengthens its Specialty portfolio and signs a technology transfer agreement with Ningxia Jinhua to set up its first Acetylene Black plant in India. Stay Updated 🚦