*Key Stock Updates* 🔸 *BEL receives orders worth ₹2,323 crore from Mazagon Dock & Garden Reach Shipbuilders* for missile system spares on Indian Naval ships. *Our View:* * YTD FY26 orders now at ₹5,515 crore * Order backlog at ₹77,800 crore (3.2x FY25 revenue) * Robust order book ensures strong revenue visibility. * Pipeline remains healthy with major defence deals expected in FY26E. * Management guides inflows of ₹25,000+ crore. 🔸 *NTPC Green Energy declares commercial ops for 110.25 MW at Khavda-I Solar PV Project.* *Our View:* * Total green energy capacity now at 6,162 MW. * Another step towards NTPC Green’s vision of 20 GW by FY27 and 60 GW by FY32. 🔸 *PowerGrid* commissions Part C of *Gujarat Transmission Network Expansion Project* with approved investment of ₹187 crore. *Our View:* * Strengthens transmission infra in Gujarat. * Expected to support revenue and profitability growth as other project phases progress. Hit 👍 for more financial insights! Disclaimer: bit.ly/full-disclaimer