Date: 05-Dec-24

?? NEW ORDERS & CONTRACTS

- TBI Corn: Signs MoU with Vedant Starch Pvt. Ltd. for contract manufacturing, processing maize into value-added products with a ?150 Cr business volume.

- Vikas Ecotech: Specialty Chemicals & Compounds division adds major clients, aiming for ?50 Cr business by Q4 FY 2024-25.

- Master Components: Bags ?10 Cr order for supply of moulded plates & frames to an Indian electrical company.

- Tantia Construction: Wins ?151 Cr order for passenger ropeway project at Shillong Peak, Meghalaya.

?? CORPORATE UPDATES & ANNOUNCEMENTS

- JSL Industries: Wins legal case involving sales transactions and discounts, with CESTAT ruling in its favor, dropping ?3 Cr demand.

- Aurionpro: Launches Integro Smart Lender ESG platform, targeting digital transformation of ESG strategies for banks.

- Hyundai Motor: Announces price hike of up to ?25,000 across its model range starting January 1, 2025, citing increased input costs and adverse exchange rates.

- Divis Labs: Responds to news on Novartis' heart drug patent dispute, clarifying no material impact on its business.

?? STRATEGIC PARTNERSHIPS & AGREEMENTS

- Zen Technologies: Forms strategic partnership with AVT Simulation to expand in the U.S. defense market.

- Ramco Systems: Partners with Hanjin Information Systems & Telecommunication to digitally transform aviation organizations’ M&E and MRO operations in Korea.

?? INFRASTRUCTURE & EXPANSIONS

- Bondada Engineering: Commissions 2.80 MW solar project in Hyderabad, with power purchase agreement (PPA) with Bharat Heavy Electricals Limited (BHEL) for 25 years.

- Garden Reach: Signs contract for second 7500 DWT Multi-Purpose Vessel (MPV) from Hamburg, with more vessels to follow.

?? RESTRUCTURING & OPERATIONAL SHIFTS

- Welspun Living: Approves merger of Welspun Home Solutions with Welspun Advanced Materials.

- Unihealth Hospital: Board approves additional capital contribution to UMC Hospitals via rights issue.

?? FUNDRAISING UPDATES

- Sical Logistics: Approves up to ?250 Cr fundraising via QIP.

- Rama Steel: Board meeting scheduled on Dec 10 to consider equity share issuance via preferential issue.

?? REGULATORY & LEGAL UPDATES

- Borosil Renewable: Ministry of Finance imposes provisional anti-dumping duties on glass imports from China and Vietnam for six months.

- Aurobindo Pharma: Eugia Pharma receives USFDA approval for Pazopanib Tablets, expected to launch in Q4FY25, with a market size of $106M.

?? STRATEGIC BUSINESS DEVELOPMENTS

- Gail: Flags off two Mobile Medical Units under CSR initiative and provides an advanced ambulance to AIIMS, New Delhi.

- KIMS: Increases stake in Arunodaya Hospitals Pvt. Ltd. by 3%, now holding 70.66%.

- Tata Chemicals: Tata Sons may need to provide an undertaking to avoid listing of Tata Chemicals’ rights issue.

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