27-DEC-2024
?? NEW ORDERS & CONTRACTS
- Va Tech WABAG: Secured a €78 million (?700 Crore) order for wastewater treatment plants in Zambia, funded by EIB & KFW, powered by green energy sources.
- Western Carrier: Secured a ?23 Crore order from Lhaki Steels & Rolling Pvt. Ltd., Bhutan, for rake movement services.
- Drone Destination: Secured its first drone supply order from Bharat Electronics Limited (BEL) in the defense sector.
- Adani Ports: Placed India’s largest order for 8 tugs (?450 Crores) with Cochin Shipyard as part of the Make in India initiative.
- PNGS Gargi: Opened a new exclusive brand store in Pune on December 27, 2024.
- Zota Healthcare: Received product registration for two pharmaceutical products in Kyrgyzstan, with exports planned.
---
?? FUNDRAISING & CAPITAL EXPANSIONS
- Renaissance Global: Board approved an additional investment of up to ?90 Crores in VJFZCO by subscribing to shares, aimed at making further investments and/or repaying debts.
- Dhani: Board will meet on December 31, 2024, to discuss raising funds for real estate projects through equity, convertible securities, or other methods, including QIP or preferential issue.
- Exhicon Event: Board meeting scheduled for January 2, 2025, to consider fundraising options.
- Servotech Renewable Power Systems: Expected FY25 revenue to be around ?600-650 Crores.
---
?? STRATEGIC PARTNERSHIPS & AGREEMENTS
- Zaggle Prepaid Ocean Services: Entered into an agreement with Mahindra First Choice Wheels Limited.
---
?? ACQUISITIONS & STAKE INCREASES
- A.K. Spintex: Acquired 100% equity in Sunrakshak Agro Products Pvt. Ltd. (SAPPL), which specializes in FMCG products.
- PNC Infra: Received approval from NHAI for the divestment of PNC Chitradurga Highways Pvt. Ltd.
---
?? RESIGNATIONS & APPOINTMENTS
- Ola Electric: The Chief Technology and Product Officer, Suvonil Chatterjee, resigned effective November 30, 2024.
- NB Footwear: Appointed Nitin Minoch as Executive Director and Ratish Tagde as Independent Director. Resignations include Kannan A. Yadav as MD and Director, and Subramanian Krishnan as Executive Director.
领英推荐
- Fortis Healthcare: Appointed Leo Puri as Additional Independent Director and Chairman, effective December 27, 2024.
- Medplus Health: Resignation of Chief Retail Officer effective January 31, 2025.
---
?? LEGAL & REGULATORY UPDATES
- Hindalco: The Ministry of Coal has issued the vesting order for the Meenakshi Coal Mine, with a peak-rated capacity of 12 MTPA.
- Shilpa Medicare: Units IV and VII received Eurasia GMP approval, unlocking business opportunities in several CIS countries.
- Shilpa Medicare: Received Eurasia GMP approval for two products, facilitating exports to Central Asian countries.
---
?? OTHER UPDATES
- Great Eastern Shipping: The company's wholly owned subsidiary, Great Eastern CSR Foundation, has been renamed to Great Eastern Foundation effective December 23, 2024, as approved by the Ministry of Corporate Affairs.
- Owais Metal: Installed automatic charcoal production machines, increasing annual capacity from 10,800 tons to 34,800 tons, with commercial production beginning in Madhya Pradesh and Rajasthan.
- Star Cement: UltraTech Cement has approved an investment of ?851 Crores for an 8.69% stake in Star Cement, with a share price of ?235 per share.
- EFC: Announced a 1:1 bonus issue.
- NTPC Green: 37.5 MW from the 200 MW Gujarat Solar PV Project in Sadla is now commercially operational, certified on December 26, 2024.
- Max Estate: Achieved ?845 Crore in pre-sales bookings within a week of launching Phase II of Estate 128 in Noida.
- Prestige Estates: Plans to sell its hospitality business to an arm for ?313 Crores.
- Manaksia Coated Metals: Approved a preferential issue of equity warrants to drive growth and sustainability.
- Cochin Shipyard: Secured a major order for 8 tugs from Ocean Sparkle Limited (Adani Group), with deliveries starting in December 2026.
---
?? INDUSTRY TRENDS & INSIGHTS
- Electric Vehicle (EV) Growth: The Indian EV market continues to expand rapidly, with key players ramping up production and infrastructure development. Expect substantial investments in EV-related technologies, including battery production and charging infrastructure, in 2025.
- Healthcare Expansion: As healthcare demand continues to grow, pharmaceutical and healthcare companies are ramping up capacity, with several companies, like Shilpa Medicare and Fortis Healthcare, making key regulatory approvals and leadership appointments to drive growth.
---
Stay Updated with Beat the Street ????