📍 NEW PROJECTS & INVESTMENTS

• Apollo Micro Systems: The Hyderabad-based company has signed a Memorandum of Understanding (MoU) with the Telangana government to establish a significant greenfield facility for defense manufacturing. This project entails an investment of ₹1,500 crore and will expand capabilities in warheads, rocket motors, and various artillery systems for domestic and export markets.

• PhysicsWallah: The company has approved a total investment of approximately ₹488 crore across its subsidiaries. This includes ₹400 crore in Penpencil Edu Services, ₹20 crore in Finz Fintech, ₹50 crore in Finz Finance, and $2 million in Knowledge Planet Holding.

• JSW Infrastructure: The company is expanding its railway rake business through its subsidiary, JSW Port Logistics. It will acquire three JSW-owned rake companies—JSW Rail Infra Logistics, JSW Minerals Rail Logistics, and JSW (South) Rail Logistics—for ₹1,212 crore.

• Larsen & Toubro (L&T): The board has approved a scheme to transfer its real estate business to its subsidiary, L&T Realty Properties Ltd, via a slump sale on a going-concern basis.

• Siemens: The company has executed a slump sale agreement to transfer its low-voltage motors and geared motors business to Innomotics India Pvt Ltd for an enterprise value of ₹2,200 crore, subject to adjustments.

📍 ORDER WINS & CONTRACTS

• Welspun Corp: An associate firm, EPIC (Saudi-listed), has been awarded a contract worth SAR 485+ million (₹1,165 crore) by the Saudi Water Authority. This contract is for the manufacturing and supply of steel pipes and is expected to reflect financially in Q4 FY26 and Q1 FY27.

• Torrent Power: The company has signed a long-term agreement with Japan's JERA for the procurement of up to 0.27 MMTPA of Liquefied Natural Gas (LNG). This 10-year deal, starting in 2027, will support Torrent Power's 2,730 MW gas-based power plants to meet peak electricity demand and balance renewable energy.

📍 ACQUISITIONS & STAKE PURCHASES

• ICICI Bank: The bank will acquire an additional 2% stake in ICICI Prudential Asset Management Company (AMC) from Prudential Corporation Holdings Ltd for ₹2,140 crore, as part of a share purchase agreement.

📍 FINANCIAL RESULTS & OPERATIONAL UPDATES

• PhysicsWallah: The educational technology company reported strong Q2 FY26 performance, with net profit jumping 70% year-on-year to ₹69.7 crore and revenue increasing by 26% to ₹1,051.2 crore. The adjusted EBITDA margin improved to 26% from 23%, and the profit margin rose to 7% from 5%.

• Mahindra & Mahindra (M&M): The company reported robust November operational numbers, with total sales increasing by 19.6% year-on-year to 91,839 units. Exports also saw a rise of 7.5% to 3,036 units, and production was up 18.4% to 96,196 units.

• Fujiyama Power Systems: The company's Q2 consolidated profit surged by 97.4% year-on-year to ₹62.9 crore, while revenue jumped 72.6% to ₹567.9 crore.

📍 FUNDRAISING

• Mindspace REIT: The company has approved a fundraise of ₹1,200 crore through Non-Convertible Debentures (NCDs).

• Shriram Finance: The board has approved the allotment of 7,500 NCDs to raise ₹150 crore on a private placement basis, including a green shoe option of ₹100 crore.

• IndiGrid: The board has approved a fundraise of ₹1,000 crore via rights and preferential issue.

📍 CORPORATE RESTRUCTURING & OTHER NEWS

• IndiGo (InterGlobe Aviation): The airline is facing potential government action due to widespread flight disruptions. Moody's has flagged these disruptions as credit negative, citing possible revenue loss, refund liabilities, and regulatory penalties.

• Reliance Power: The company has approved the reclassification of Reliance Capital from the promoter group to the public category.

• UFLEX: The company has launched 'Project Plastic Fix,' a four-pillar initiative aimed at converting plastic waste into useful resources.

• TCC Concept: The company has approved the preferential allotment of 1 crore shares, valued at ₹592 crore, to Pepperfry. TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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