16-Jan-2025

?? NEW ORDERS & CONTRACTS

- GARUDA CONSTRUCTION AND ENGINEERING: Secured an order worth ?11 billion.

- KAUSHALYA LOGISTICS: ACC and Ambuja Cement (Adani Cement Group) approve operations in Kurukshetra, Kaithal, Fatehabad, and Bhiwani. New depots in Kurukshetra and Bhiwani are part of phase 1.

- A B Cotspin India Ltd.: Expanded solar power capacity from 2,800 KW to 3,131 KW to enhance sustainability efforts.

- WAAREE TECH: Received an order for 99 sets of Solar off-grid combo on January 15, 2025, to be delivered within three months.

- EMS LIMITED: Secured a ?105 crore order for the development, operation, and maintenance of a Multimodal Logistics Park from DeltaBulk Shipping India Pvt Ltd.

- RVNL: Awarded ?9,613 crore order for the BharatNet middle-mile network’s development, upgradation, and maintenance.

- SATHOLKAR SYNERGY: Received new orders worth ?10.79 crore. Total order book stands at ?893.79 crore to be executed in the next 6-18 months.

- AVANTEL: Secured an ?8.61 crore order from Naval Headquarters for CAMC of Satcom Systems.

- HFCL: Secured ?2,501.30 crore order for BharatNet Phase III middle-mile network in Punjab Telecom Circle, contributing to the ‘Digital India’ vision.

- SPENCERS: Launched "JIFFY," a quick delivery service to boost its omni-channel offerings and growth.

- WAAREERTL: Q3 net profit at ?53.5 crore (down from ?64 crore YoY), with revenue at ?361 crore (up from ?324 crore YoY).

- AIAENG: Board approved plans to set up Hi-Chrome Grinding Media plants in China and Ghana, with a combined capacity of 100,000 MTPA by 2028.

- MOBIKWIK: Partnered with Piramal Finance to offer personal loans to app users ranging from ?50,000 to ?2,00,000.

?? OPERATIONS & PERFORMANCE UPDATES

- D B CORP: Q3 net profit is ?1.2 billion (unchanged YoY), with Q3 EBITDA at ?1.77 billion (down from ?1.83 billion YoY).

- BANSALI ENGINEERING: Net profit at ?40.6 crore (up from ?40 crore YoY), with revenue at ?351 crore (up from ?292 crore YoY).

- STERLING AND WILSON RENEWABLE ENERGY: Q3 net profit of ?14.8 crore (compared to a loss of ?63.7 crore YoY), with revenue at ?1,837 crore (up from ?583 crore YoY).

- ALOKINDS: Q3 net loss at ?272 crore (compared to a ?230 crore loss YoY), with revenue at ?863 crore (down from ?1,253 crore YoY).

- HATSUN: Q3 net profit down 29% at ?40.94 crore YoY, with revenue up 6% at ?2,009 crore YoY.

- LTIMINDTREE: Q3 net profit down 13% at ?1,085 crore QoQ, with revenue up 2% at ?9,660 crore QoQ.

- SHEMAROO: Q3 net loss at ?36.36 crore (vs. ?30.43 crore loss YoY), with revenue up 5% at ?164 crore YoY.

- SPENCERS: Q3 net loss at ?47 crore (vs. ?51 crore loss YoY), with revenue at ?521 crore (down from ?654 crore YoY). Q3 EBITDA at ?12 crore (up from ?11.7 crore YoY).

- MOBIKWIK: Partnered with Piramal Finance to offer personal loans to app users ranging from ?50,000 to ?2,00,000.

- PLASTIBLEN: Q3 net profit up 2% at ?6.71 crore YoY, with revenue down 6% at ?184 crore YoY. EBITDA up 2% at ?11.43 crore YoY.

- HAVELLS: Q3 net profit down 3% at ?278 crore YoY, with revenue up 11% at ?4,888 crore YoY.

?? LEADERSHIP CHANGES & APPOINTMENTS

- ABBOTINDIA: Anuj Mehra appointed as Commercial Director for NeuroLife, GenNext, and Vaccines, effective February 1, 2025.

- PNB: Shri Ashok Chandra assumed office as Managing Director & CEO on 16-Jan-2025.

- INDIANB: Binod Kumar appointed as MD & CEO, effective 16-Jan-2025.

- MASTEK: Appointed Mr. Umang Nahata as CEO of Mastek Group, effective January 16, 2025.

- SWSOLAR: Mr. Chandra Kishore Thakur appointed as Global CEO of SWREL Group.

?? EXPANSIONS & ACQUISITIONS

- KAUSHALYA LOGISTICS: Approved new depots in Kurukshetra and Bhiwani for efficient logistics solutions.

- EASEMYTRIP: Launched "EasyDharshan" platform and inaugurated Theerth Yatri Sewa Booth in collaboration with Ayodhya Development Authority.

- BPCL: Executed a loan agreement of ?31,802 crore with the State Bank of India Consortium for projects planned at Bina.

- PLASTIBLEN: Board approved expansion of the Engineering Plastic Division at Palsana.

- GGL: Strengthened its brand presence in Tier 1 to Tier 6 cities through an ongoing marketing campaign.

?? OTHER UPDATES

- SUDARSHAN: Entered a rent agreement with Daundi Biological Pvt Ltd to set up a new R&D formulation centre in Dehradun, starting March 2025.

- BORORENEW: GMB Glasmanufaktur Brandenburg temporarily cooled its furnace to fulfill pending orders. Revenue from GMB in FY 2023-24 was ?40,980 lakhs, contributing 29.93% to consolidated revenue.

- ASTRAZEN: Received approval to import Eculizumab (Soliris) for treating Paroxysmal Nocturnal Hemoglobinuria and aHUS, pending further statutory clearances.

- MRPL: Flagged off the first truck parcel of Toluene from the Mangalore Refinery, launched to reduce import dependency and support Atmanirbhar Bharat.

?? RUMORS & CLARIFICATIONS

- YATHARTH: Clarified no new developments regarding income tax matters, and the company is actively cooperating with authorities.

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