📍 ORDER WIN

• Tata Motors: The company has secured orders for over 5,000 buses from multiple State Transport Undertakings, including MSRTC (Maharashtra), GSRTC (Gujarat), and KSRTC (Kerala), for its various passenger vehicle models.
• VA Tech Wabag: A joint venture involving the company has secured a major order worth over ₹1,000 crore from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB).
• Krystal Integrated Services: Awarded a ₹364 crore contract from Tamil Nadu Medical Services Corporation to provide housekeeping and security services for three years.
• SEAMEC: A consortium involving the company has secured a major contract worth ₹410.7 crore from ONGC.
• A B Infrabuild: Secured an order valued at ₹66.96 crore from the Indian Railways.
• GMR Airports: Received the Letter of Award (LoA) to upgrade and modernize Cargo Terminal 1 at Delhi Airport.
• JK Lakshmi Cement: The company has been declared the preferred bidder for the Umrangso Limestone Block in Assam.

📍 ACQUISITION

• Organic Recycling Systems (ORSL): Acquired Industrial Associate, a chemical trading firm, to integrate circular economy solutions into its green chemicals and sustainable materials division.

📍 BUSINESS UPDATE

• Jio Financial Services: The IRDAI has granted a certificate of registration to its joint venture, Allianz Jio Reinsurance (AJRL), allowing it to commence operations as a reinsurance company.
• IDBI Bank: The Government of India has reportedly called off the IDBI Bank disinvestment process after initial bids failed to meet valuation expectations.
• Bank of Baroda: The lender has incorporated two new specialized arms, BOB Securities and Giltedge.
• Pee Cee Cosma Sope: The board has approved the incorporation of a wholly-owned subsidiary, "Pee Cee Energy and Reality Limited," to operate in the energy and real estate sectors.
• Advait Energy Transitions: Formally inaugurated its 30 MW Alkaline Electrolyser assembly facility to bolster its green energy portfolio.
• City Union Bank: Expanded its footprint by opening five new branches across Delhi, Lucknow, and Vikarabad, taking its total network to 925.

📍 CORPORATE ACTION

• 5Paisa Capital: Turns ex-date today for its rights issue in the ratio of 1:2 at an issue price of ₹300 per share.
• DIC India: Turns ex-dividend today for a final dividend of ₹3 per share.
• Banco Products (India): Turns ex-dividend today for a second interim dividend of ₹8 per share for FY26.
• Mishra Dhatu Nigam (Midhani): Turns ex-dividend today for an interim dividend of ₹0.85 per share.

📍 STOCKS IN FOCUS

• InterGlobe Aviation (IndiGo): The airline has imposed a fuel surcharge starting today to offset the impact of surging global crude oil prices.
• Balaji Amines: Reported disruptions in the procurement of ammonia, a key raw material, due to shipping crises in the Middle East.
• Aster DM Healthcare: The board has approved a proposal to grant loans or provide guarantees to its subsidiaries and joint ventures up to a limit of ₹1,500 crore.
• Shaily Engineering Plastics: Smallcap World Fund Inc has increased its stake in the company through bulk deals on both the NSE and BSE.
• Salasar Techno Engineering: Informed exchanges that production and EPC operations are being impacted by current restrictions in LPG supply.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News