Evening Bulletin* 🚦 Date: 17-Feb-2025 📍 *Order Wins* - *Welspun Corp*: Secures ₹3,000 crore U.S. orders for coated pipes, primarily for gas pipelines, to be executed in FY26-27. Consolidated order book now at ₹18,000 crore. - *Prakash Industries*: Commences coal extraction from Bhaskarpara Commercial Coal Mine, with coal dispatches starting to its integrated steel plant in Champa, Chhattisgarh. This move will significantly lower costs. - *RITES*: Receives ₹466 crore order from NLC India. - *BHEL*: Receives ₹6,700 crore Letter of Intent (LOI) from Singareni Collieries Company for the Stage-II project. - *SEPC*: Wins ₹4.2 crore order through mediation with SAIL RSP, resolving a dispute. - *Loyal Equipments*: Secures ₹26 crore order from Linde Engineering India Pvt Ltd for supply of valve skids with interconnecting piping. - *Greenchef Appliances*: Wins an order from HPCL for 20,28,400 hose pipes, strengthening its market position. - *CL Energy*: Receives ₹77 crore order from a telecom public sector undertaking for the supply of lithium-ion batteries. - *Artefacts Project*: Wins a ₹2.55 crore supervision consultancy contract for NH-30 operations in Andhra Pradesh. --- 📍 *Appointments & Resignations* - *SBI Card*: Approves the appointment of Smt. Salila Pantle as MD & CEO, effective April 1, 2025. - *Kinetic Engineering*: Appoints Vinayak Shevade as Chief Financial Officer. - *Shakti Pumps*: Invests ₹4 crore in its subsidiary, Shakti EV Mobility, increasing total investment to ₹39 crore. - *Manappuram Finance*: Likely to enter F&O ban. --- 📍 *Financials & Investments* - *IL&FS Transportation*: Initiates ₹5,000 crore payout under interim distribution, reducing its total debt to ₹43,000 crore. - *Choice International*: Acquires entire stake in M/s. Arete Capital Services Private Limited for ₹36 crore, a wealth distribution company. - *Macpower CNC*: Installs a 550 KW solar plant at its Rajkot facility, bringing total capacity to 750 KW, cutting daytime power costs by 85-90%. --- 📍 *Partnerships & MoUs* - *Cochin Shipyard*: Signs MoU with A.P. Moller – Maersk for collaboration in ship repair, maintenance, and shipbuilding, aligning with India’s Vision 2047. - *Anant Raj*: Signs agreement with CDSIL for rack rental and cloud services, focusing on sovereign data center & cloud services. - *Arvind SmartSpaces*: Adds a new plotted development project in Sanand, Ahmedabad, with a potential ₹600 crore top-line. --- 📍 *Acquisitions & Sales* - *Akzo Nobel*: Warburg Pincus and Carlyle join the bidding for AkzoNobel’s South Asia business. - *Choice International*: Acquires M/s. Arete Capital, a distributor of financial products, for ₹36 crore. --- 📍 *Regulatory Updates* - *Solar Ind*: Subsidiary's name changed from Economic Explosives Limited to Solar Defence and Aerospace Limited. - *Sudarshan Chemicals*: Progressing with the acquisition of Heubach Group’s Global Pigment Business, with all anti-trust approvals in place. --- 📍 *Collaborations* - *Shakti Pumps*: Partners with Shakti EV Mobility to boost the development of electric mobility solutions. - *Thomas Cook*: Expands collaboration with Sabah Tourism in Malaysia to enhance travel offerings. - *LTIMindtree*: Eurobank partners with LTIMindtree for a multi-year banking technology program, marking the opening of a global delivery center in Pune. --- 📍 *New Launches* - *Paytm*: Launches Jan Nivesh ₹250 SIP scheme with SBI Mutual Fund, providing flexible SIP options to young professionals and first-time investors. - *Zomato*: Introduces Nugg, an AI-native, no-code customer support platform that allows businesses to scale support effortlessly without a development team. - *LIC*: Launches Smart Pension product, available for sale from February 18, 2025, offering new retirement investment opportunities. - *Sun Pharmaceutical*: Recognized among the top 5% in S&P Global Sustainability Yearbook 2025 for sustainability excellence. - *Shakti Pumps*: Launches new investment initiative in Shakti EV Mobility to cater to the growing electric vehicle market. --- 📍 *Miscellaneous* - *Hero Moto*: MCA completes investigation against Hero MotoCorp, no irregularities found. - *Sun Pharmaceutical*: Ranked among the top 5% in S&P Global Sustainability Yearbook 2025. - *Zomato*: Launches Nugg, an AI-native, no-code customer support platform. - *Artemis Medicare*: Moves its Chennai center to a new location, operational from February 17, 2025. - *Artemis Medicare*: Operational updates on its relocated Cardiac Care center in Chennai. - *LIC*: Launches new product, LIC’s Smart Pension, available for sale from February 18, 2025. Stay Updated 🚦