Indian stock markets are set for a volatile session today, with several major stocks in focus due to key developments across various sectors.
Power Grid has been declared the successful bidder for three inter-state transmission system projects on a Build, Own, Operate, and Transfer (BOOT) basis, reinforcing its strong position in India’s power infrastructure sector. Additionally, GE Vernova secured three orders worth ₹500 crore from Power Grid Corporation, further boosting the power transmission sector.
ONGC’s renewable energy arm, ONGC Green, has acquired a 100% stake in PTC Energy for ₹925 crore. PTC Energy is engaged in the renewable energy business, a move that aligns with India’s clean energy ambitions. Meanwhile, JSW Energy has received Competition Commission of India (CCI) approval for its acquisition of KSK Mahanadi Power Company, further strengthening its position in the energy market.
In the consumer goods space, Adani Wilmar has announced the acquisition of G.D. Foods, a major player in the sauces and pickles category and the owner of the “Tops” brand. The first tranche of the deal, which accounts for 80% of the shares, has been valued at an enterprise value of ₹603 crore.
Biocon has secured final approval from the US FDA for its Lenalidomide Capsules and Dasatinib Tablets ANDAs, along with a tentative approval for Rivaroxaban Tablets, boosting its pharmaceutical portfolio.
Apollo Hospitals is set to commission a Comprehensive Oncology Centre at a cost of ₹250 crore, expanding its presence in the premium healthcare segment. Meanwhile, Grasim Industries has commenced commercial production of its Birla Opus Paints plant in Mahad, Maharashtra, bringing its installed capacity to 1,096 million litres per annum in the decorative paints segment.
In the auto sector, Force Motors reported a 46.3% YoY increase in total sales, reaching 3,600 units in February 2025 compared to 2,461 units in the same period last year, indicating strong momentum in demand.
Additionally, Walchandnagar Industries has announced plans to acquire a 60.3% stake in AiCitta Intelligent Technology, a company engaged in R&D and manufacturing of Unmanned Ground Vehicles (UGVs), marking a strategic move in the defense and robotics sector.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
