NEW ORDERS & CONTRACTS
– Ceinsys Tech: Received a Letter of Intent for the ₹381.19 crore Wainganga Nalganga River Link Project.
– Valiant Communications: Secured a ₹41 crore order to supply communication equipment to Gujarat Energy Transmission Corporation.
– Ashapuri Gold: Secured ₹48 crore order.
– BHEL and ONGC: Signed an MoU for joint projects in new and renewable energy.
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📍 OPERATIONS & PERFORMANCE
– Phoenix Mills (Q3 FY25 Update):
– 21% YoY growth in consumption to ₹3,998 crore for Q3 FY25.
– 9M FY25 consumption grew 23% YoY to ₹10,504 crore.
– JSW Steel (Q3 Update): Reported highest-ever quarterly production of 7.03 million tonnes, a 4% YoY increase.
– Shah Metacorp (Q3 Update):
– Net profit grew to ₹2.99 crore, up from ₹0.77 crore YoY.
– Revenue increased to ₹39.86 crore from ₹12.91 crore YoY.
– GNA Axles (Q3 Update):
– Net profit rose to ₹25.4 crore from ₹22.4 crore YoY.
– Revenue increased to ₹375 crore from ₹356 crore YoY.
– PCBL (Q3 Update):
– Net profit declined by 37% to ₹93 crore YoY.
– Revenue increased by 21% YoY to ₹2,010 crore.
– CESC (Q3 Update):
– Net profit declined to ₹265 crore from ₹281 crore YoY.
– Revenue rose to ₹3,561 crore from ₹3,244 crore YoY.
– NCL Industries (Q3 Update):
– Cement production down 12% YoY to 6.61 lakh MT.
– Door production up 39% YoY.
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📍 STRATEGIC PARTNERSHIPS & TECHNOLOGICAL UPDATES
– Sona BLW: Signed MoU with TIHAN-IIT Hyderabad for advancing AGVs, drones, and EVTOLs.
– BSE (Bombay Stock Exchange): Forecasts a strong IPO pipeline in 2025, aiming to raise ₹1 lakh crore. Plans to launch a new index business and expand data vending.
– Syrma SGS: MSI selected Syrma SGS to manufacture “Make in India” laptops at its Chennai facility.
– Gujarat Fluorochemicals (GFCL): Incorporated a wholly-owned subsidiary in Singapore, GFCL EV Products Pte. Ltd.
– IEX: IGX, IEX subsidiary, plans to introduce 3-6 month gas contracts.
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📍 LEADERSHIP CHANGES & APPOINTMENTS
– Ester Industries: Chief Marketing Officer Yatin P. Sheth resigned.
– B-Right RealEstate Ltd: CEO and CFO have resigned.
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📍 FUNDRAISING & CAPITAL EXPANSIONS
– AB Fashion: Board to meet on January 15, 2025, to discuss fundraising.
– Saboo Sodium: Board to meet on January 18, 2025, to discuss fundraising via a rights issue.
– Techknowgreen Solutions: Approved issuance of 3,00,000 equity shares on a preferential basis at ₹303.50 each.
– Dhunseri Ventures: Infused ₹30 crore into Dhunseri Poly Films Pvt. Ltd. for BOPP Film Line.
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📍 INCIDENTS & CLARIFICATIONS
– MTNL: Failed to fund ESCROW account for the third semi-annual interest payment on its 7.59% Series VIIIA Bonds due January 20, 2025.
– Delta Corp and Nazara Technologies: Supreme Court to hear pleas regarding a ₹1.12 lakh crore tax dispute.
– Vodafone Idea: Completed placement of 79.2 million shares in Indus Towers to repay borrowings.
– Infosys: Filed counterclaim against Cognizant, accusing CEO of misusing sensitive information.
– Dilip Buildcon: Promoter purchased an additional 0.21% stake on January 8, 2025.
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📍 NEW DEVELOPMENTS
– Godrej Properties: Acquired 24 acres of land in Indore.
– Hindustan Copper: Appointed a Mine Developer cum Operator (MDO) for the reopening of Rakha Mine in Jharkhand after over 20 years.
– NHPC: Exploring the acquisition of PTC India; discussions set for January 12, 2025.
– Emami: Rebranded “Fair and Handsome” to “Smart and Handsome” targeting ₹1,000 crore revenue in the male grooming market.
– Sai Silks: Opened 67th store in Trichy, Tamil Nadu, on January 10, 2025.