MORNING BULLETIN* *Date: 20-Feb-2025* 📍 *Order Wins* - *WAAREE ENERGIES*: Company clarifies that the order for supplying solar modules for 362.5 MWp is awarded by Khaba Renewable Energy Pvt Ltd, a subsidiary of Engie India. The supply is scheduled for FY 2025-26. - *SERVOTECH RENEWABLE*: Signs agreement with France-based Watt & Well to develop and manufacture EV charger components in India. Servotech will manufacture a 30kW power module for EV charging, with exclusive marketing rights in India. - *GULSHAN POLYOLS*: Wins tender to supply 21,220 KL of ethanol to OMCs for ESY 24-25, valued at ₹124.14 crore. - *RKEC PROJECTS*: Wins ₹32.61 crore contract from Visakhapatnam Port Authority for building two fishing jetties and a wharf. - *VL INFRA*: Receives ₹41.19 crore work order from Gujarat Water Supply and Sewerage Board for pipeline and infrastructure work under Abdasa RWSS. - *AVANTEL*: Wins ₹43.25 crore order from NewSpace India Ltd. for the supply, installation, and commissioning of devices for Xponders. 📍 *Acquisitions* - *YOGI*: Board approves acquisition of a 60% stake (41.46 lakh shares) in Farewell Real Estates for ₹5.18 crore, making it a subsidiary. Also approves subscribing to 5,000 OCDs for ₹50 crore to fund the Veer Sambhaji Nagar SRA project in Mumbai. - *SUDARSHAN CHEMICALS*: Board approves incorporation of a wholly-owned subsidiary in Poland with 100% stake for PLN 5,000. The subsidiary will focus on chemicals, agrochemicals, and pharmaceutical products. 📍 *Leadership Changes* - *MINDTECH*: Appoints Mr. Babu Ramanathan as Senior Vice President, Global Delivery, effective from February 26, 2025. - *TATA TECH*: Included in F&O effective from February 28, 2025. 📍 *Legal and Regulatory Updates* - *Patanjali Foods*: Supreme Court quashes ₹186 crore tax demand for the pre-CIRP period. - *DLF*: NCLT Chandigarh approves composite scheme of arrangement for the amalgamation and demerger of subsidiaries. 📍 *Collaborations* - *RITES*: Signs MoU with Central Water and Power Research Station (CWPRS) for engineering consultancy and R&D in water and marine infrastructure. - *TATA TECH & IREDA*: Both companies will be included in F&O effective from February 28, 2025. 📍 *New Projects* - *HFCL*: Signs agreement with BSNL as the Project Implementation Agency (PIA) under the BharatNet Phase-III Programme for executing the project in the Punjab Telecom Circle. 📍 *Miscellaneous* - *EQUINOX INDIA*: Board meet scheduled on 25th Feb to consider *fundraising*. - *NFL*: Board approves joining a JV with 18% equity for the Namrup IV Fertilizer Plant in Assam. - *MAFATLAL IND*: Signs a Tripartite Technology License Agreement to mass-produce and market NavRakshak Ultra PPE Kits in India. - *KROSS*: Mr. Sudhir Rai, Promoter and Chairman & MD of the company, acquires 25,000 equity shares on 18th and 19th Feb 2025, totaling a 0.08% stake. - *VESUVIUS INDIA*: Board meet scheduled on 26th Feb to discuss stock split, Q3 results, and dividend. Stay Updated 🚦