Indian equities will track a busy day of corporate developments with several companies announcing orders, partnerships, and regulatory updates. A broad list of stocks is expected to remain in focus on Monday.
Among the positives, APL Ltd received the US FDA Establishment Inspection Report (EIR) for its Panelav API-I and API-II facilities. Engineers India secured a contract worth ₹618 crore for providing PMC and EPCM services for a new fertilizer plant in Africa. Ceigall India emerged as the L1 bidder for a Greater Mohali Area Development Authority project involving road construction in Aerotropolis, valued at ₹509.2 crore. Railtel bagged an order worth ₹209.8 crore from the Bihar Education Project Council.
In healthcare, Apollo Hospitals announced plans to set up a comprehensive oncology facility in Gurugram, including a Single Gantry Proton Proteus One System, with an investment of ₹573 crore. Paints major Akzo Nobel India said it expects a strong second half of the year, led by festive season demand. Nitco secured tile and marble orders worth ₹19.44 crore from Prestige Estates Projects and Lodha Group. SRF entered an MoU with Tata Steel SEZ to acquire land via sub-lease. DCX Systems signed an MoU with the Tamil Nadu government to establish a JV manufacturing facility at Hosur, while ASM Technologies also signed an MoU with the state government to invest ₹250 crore in expanding design-led manufacturing operations. Baazar Style Retail opened a new store in Malda, West Bengal.
In defence and power, HAL could benefit as the Defence Ministry received a proposal from the Indian Air Force to procure 114 Made-in-India Rafale fighter jets worth over ₹2 lakh crore. Adani Power signed a 25-year power supply agreement with Bihar State Power Generation Company for 2,400 MW from a greenfield ultra-supercritical plant. MSTC received recommendations from CPCB for developing and operating an electronic trading platform for extended producer responsibility certificates. Seamec Ltd approved the charter of vessel MV Goodman from HAL Offshore for ONGC’s NLM 9 Platform repair works.
Among notable block deals, Cube Highways Trust saw Ask Financial Holdings acquire 84.75 lakh shares at ₹133 apiece, while Tega Industries witnessed Plutus Wealth Management LLP buy 5.15 lakh shares at ₹1,963.20 each. Popular Foundations received a ₹21.48 crore order from Voora Shreeram Construction for building a tech park. Ixigo partnered with DMRC and ONDC to launch metro ticket booking services. Vedanta’s TSPL resolved its arbitration issues with SEPCO through a settlement agreement. RCF commenced operations at its Trombay unit’s liquid carbon dioxide plant, with a production capacity of 100 MTPD. Diamond Power bagged a ₹236 crore order from Adani Energy for supplying conductors in Jamnagar. Asian Energy Services announced a merger with Oilmax Energy to create an integrated energy company. Indobell Insulations secured an export order worth $161,900 from GE Vernova Operations. Ace Software Exports incorporated a Dubai subsidiary, QeDigital Gulf Software Services FZCO. SIS Ltd acquired a 51% stake in A P Securitas for ₹73.4 crore.
On the regulatory and corporate side, Asian Granito India received approval to rename its subsidiary to AGL Industries, effective September 12. Kalpataru Projects International received an order from the appellate authority upholding a ₹3.72 crore GST penalty. Som Distilleries confirmed a customs department inquiry, clarifying there were no violations or financial impact. Kanchi Karpooram completed the acquisition of the remaining 49% stake in Kanchi Agro Product. Jeena Sikho Lifecare incorporated an overseas unit in the UAE, while also commencing operations of a new 40-bed hospital in Jammu. Urgo Capital will raise funds via NCDs. Waaree Energies incorporated three step-down subsidiaries for power projects. HUL announced price cuts across brands such as Dove, Horlicks, Kissan Jam, and Lifebuoy from September 22. Dr Reddy’s received five observations from the US FDA for its Hyderabad biologics plant. GMR Airports reported passenger traffic down 3.5% year-on-year in August, though international traffic rose 2.8%. NDTV will open its rights issue on September 22 and close it on October 8. Punjab Chemicals announced the resignation of its CFO Vikash Khanna. GR Infraprojects achieved provisional completion of a Maharashtra highway project. JSW Energy had its ratings reaffirmed at ICRA AA/Stable. Acme Solar terminated its planned acquisition of AK Renewable Infra. Greenlam Industries saw a block trade of 94.3 lakh shares at ₹240.6 apiece.
Dividend and corporate action updates include Aarti Pharmalabs, Alicon Castalloy, Beekay Steel, Chaman Lal Setia, Ddev Plastiks, DOMS Industries, Empire Industries, Frontier, Glenmark Pharma, Indraprastha Gas, Interarch Building, Lux Industries, Phoenix Mills, Polyplex Corporation, Power Mech, Narmada Gelatines, Superhouse, Texmaco Rail all trading ex-dividend today. Tomorrow, Aarti Surfactants, Aeonx Digital, Agarwal Industrial, Amrutanjan, Balmer Lawrie, Balmer Lawrie Investments, Deccan Cements, Dixon Technologies, GHV Infra Projects, Godfrey Phillips, J. Kumar Infraprojects, Karnataka Bank, Linc, Prakash Pipes, Southern Petrochemicals, Vadilal Enterprises will turn ex-dividend, with GHV Infra Projects also going ex-bonus (3:2) and ex-split (10-to-5), and Godfrey Phillips going ex-bonus (2:1).
On the negative side, MTNL informed that due to insufficient funds it could not maintain its escrow account with Bank of India, while KRBL’s independent director resigned citing corporate governance concerns.
Disclaimer: This article is based strictly on inputs provided and is for informational purposes only. It does not constitute investment advice.
