GE Vernova: Company bags 3 orders worth ₹500 crore From Power Grid Corp. (Positive)
Shalby: Company has received reaffirmed/assigned credit ratings of [ICRA] A+ (Stable) from ICRA Limited for enhanced long-term fund-based and non-fund-based facilities. (Positive)
Power Grid: Company declared successful bidder for 3 projects to establish inter-state transmission system on build, own operate and transfer (BOOT) basis. (Positive)
Welspun Specialty: Company notified as L1 bidder for a project worth Rs 231.77 crore by BHEL (Positive)
ABB India: Company announced a strategic investment in UptimeAI, an AI startup. (Positive)
Star Cement: Company Declared Preferred Bidder for Limestone Block in Assam, Company Says Limestone Block in Assam Has 192.36 Million Tonnes Resource (Positive)
Adani Wilmar: Company to acquire G.D. Foods, owner of Tops. (Positive)
RVNL: Company has received a letter of acceptance from HPSEBL for developing distribution infrastructure in Himachal Pradesh’s Central Zone. The project is valued at Rs 729.82 Cr. (Positive)
Adani Ports: Sustainalytics upgrades ESG risk rating – Adani Ports rated “Negligible” risk compared to previous “Low” risk rating, ranked second in the marine ports subindustry (Positive)
Biocon: Company received final approvals from the US FDA for Lenalidomide Capsules and Dasatinib Tablets. (Positive)
IFCI: Company allocated 8.07 crore equity shares to the Government of India (through President of India) on a preferential basis. (Positive)
Refex Industries: Refex eVeelz set to expands its EV Fleet with 1000 electric cars in Strategic Partnership with leading ride-hailing platform. (Positive)
Piramal Enterprises: Company’s promoter group purchased 2,40,000 equity shares (Positive)
Force Motors: February Sales Up 46.3% at 3,600 Units Vs 2,461 Units (YoY) (Positive)
PTC India: ONGC Expands Renewable Energy Footprint with PTC Energy Acquisition (Positive)
Oil Downstream companies: Brent oil slips below $70/bbl for first time since October. (Positive)
RDB Infrastructure: Company sold a non-agricultural land plot measuring 10667.52 sq. mtrs for Rs. 60 Cr. (Positive)
JSW Energy: Competition Commission of India (CCI) approves acquisition of KSK Mahanadi Power Company by the company (Neutral)
IKIO Lighting: Company has changed its name to IKIO Technologies Ltd, effective March 4, 2025 (Neutral)
Dr Reddy’s: Company sells 14-drug portfolio to Senores Pharma for US market expansion (Neutral)
Viceroy Hotels: Company received a demand notice from Southern Power Distribution Company of TS Ltd for Rs. 3.55 cr as cross-subsidy surcharge for FYs 2005-06 to 2014-15. (Neutral)
Coforge: Board approves stock split in the ratio of 1:5. (Neutral)
Grasim Industries: Company commences commercial production of Birla Opus Paints plant at Mahad, Maharashtra. (Neutral)
Paramount Cosmetics: Company has received credit ratings from CARE Ratings Ltd. for its banking facilities. CARE B rating; Stable outlook. The amount rated was Rs. 8.23 Cr. (Neutral)
Hubtown Ltd: Company is on track to complete its major Ghatkopar project (Neutral)
Saint-Gobain: Jeyendran Jayaseelan resigns as Chief Financial Officer of the company w.e.f. March 25, 2025. (Neutral)
Ashiana Ispat: Company’s Secretary and Compliance Officer, Mr. Harun Rashid Ansari, resigned. (Neutral)
Avenue Supermarts: Company opened a new store in Kodad, Telangana. The company now operates 392 stores. (Neutral)
Walchandnagar: Company approved acquiring a 60.3% stake in Aicitta Intelligent Technology, a defense R&D firm, for up to Rs 16 crore. (Neutral)
APL Apollo Tubes: CARE Ratings has reaffirmed and withdrawn the outstanding ratings of ‘CARE AA; Positive. (Neutral)
Rajoo Engineers: Company’s board approved raising up to Rs. 225 Cr through QIP. (Neutral)
Apollo Hospitals: Company plans to commission a comprehensive Oncology centre at a cost of ₹250 cr (Neutral)
Pentagon Rubber: Company appointed Mrs. Priyanka Sharma asCompany Secretary, Compliance Officer, and Key Managerial Personnel effective March 04, 2025. (Neutral)
Suryoday Small Finance: Bank announced the resignation of Mr. Himanshu Mishra, Chief Business Officer, and effective April 15, 2025. (Neutral)
Ambuja Cements: CCI clears Company’ acquisition of Orient Cement. (Neutral)
MEP Infrastructure: Company announced the resignation of its Company Secretary & Compliance Officer, Mr. Vikram Mukadam (Neutral)
Hinduja Global Solutions: CRISIL has downgraded Company’s credit rating. Downgraded from CRISIL A+/Stable to Crisil A/Stable. (Negative)
Ola Electric Mobility: Company received a letter from IFCI Ltd regarding a milestone not being met in the PLI ACC scheme. The company is working with relevant authorities to respond. (Negative)
