Balaji Amines faces significant production disruptions as the ongoing West Asia conflict severely impacts global shipping, logistics, and supply chains. Key ammonia suppliers have invoked force majeure due to liquefied natural gas (LNG) shortages, halting ammonia deliveries essential for manufacturing methylamines, ethylamines, and derivatives. Several company plants are currently non-operational as a result. Financial and operational effects remain unquantifiable at present. Balaji Amines is actively negotiating alternatives with suppliers while monitoring the crisis closely for material updates to stock exchanges.
Pharma majors
Zydus Lifesciences Ltd has announced its new offering in the companion diagnostics portfolio. The company will launch Diasens and GlucoLive, next-generation Continuous Glucose Monitoring (CGM) devices that combine artificial intelligence-powered insights and integrated remote care capabilities. The CGM system is designed to monitor glucose with an integrated AI layer to provide analytics and enable a closed-loop care ecosystem connecting patients, caregivers, and clinicians in real time.
Natural Biogenex Private Limited, a subsidiary of Natural Capsules Limited, has executed definitive Framework and Contract Manufacturing Agreements with Fermbox Bio Private Limited to jointly advance fermentation-based Contract Development and Manufacturing (CDMO) services. Under this collaboration, Fermbox will provide advanced fermentation technology and equipment placement of up to ₹60 crore at NBPL’s modern facility in Tumkur, while NBPL will undertake licensed manufacturing, quality assurance, and regulatory compliance. The partnership positions the company to serve global biotechnology and biopharma clients with integrated, GMP-compliant manufacturing capacity and enhanced process efficiency.
Order wins
Kalpataru Ltd, a leading developer in the Mumbai Metropolitan Region (MMR), has announced the signing of a prestigious redevelopment project of Shree Mahalakshmi CHS at a prime location off Veera Desai Road, Andheri West. The project spans ~3 acres of prime land with a total potential ~0.4 msf carpet area and estimated Gross Development Value (GDV) of around ₹1,400 crore. Strategically located in Andheri West, one of Mumbai’s most established residential and commercial micro-markets, the project is positioned to benefit from excellent connectivity and a well-developed ecosystem. The neighbourhood benefits from well-established social infrastructure, including reputed schools and colleges, leading healthcare facilities, retail destinations, entertainment hubs, and prominent business districts.
JK Lakshmi Cement Ltd has participated in the e-auction conducted by the Government of Assam wherein the company has been declared as the ‘Preferred Bidder’ for the Mining Lease for Juipahar New Umrangso Limestone Block (A and B), Assam. The aforesaid Limestone Block (A and B) is spread over an area of 405 hectares.
Hazoor Multi Projects Ltd has been awarded the Letter of Award (LOA) by the National Highways Authority of India (NHAI) for user fee collection agency at Chowlaggere fee plaza at Km. 193.020 for the use of four-laning of Hassan (Existing Km. 189+700, Designed Ch. 184+912) to Maranahally (Existing Km. 237+000, Design Ch. 230+060) Section of NH-48 in the state of Karnataka and upkeep/maintenance of adjacent toilet blocks including recouping the consumable items. The size of the order is ₹27,15,60,000.
Simplex Castings has received an order worth ₹7.26 crore from Bharat Heavy Electricals Limited, Varanasi. The order is for Mill Side and Liner Assembly – 803 HP Mill, Separator Body Assembly – 803 HP Mill, and Separator Top – fabricated and machined items. The work shall be completed within 7 months from the issue of work or purchase order.
Mahindra EPC Irrigation Ltd has been awarded a contract for supply of Micro Irrigation Systems under community micro irrigation project. The order value is ₹2.22 crore approx. excluding taxes.
Vascon Engineers Ltd, one of the leading EPC and realty players with a legacy spanning over four decades, has received a Letter of Intent from Ahmedabad Municipal Corporation (AMC) for the Development of Lotus Park on 54,000 sq. mtrs, South West Zone, under the Building Project of Ahmedabad Municipal Corporation. The project is valued at ₹115.90 crore and it is going to be executed on an EPC basis, with a completion timeline of 24 months from the date of issuance of the work order.
Fund infusion
The board of DCM Shriram has approved up to ₹87 crore equity investment in one or more Special Purpose Vehicles for minimum 26 per cent stake, plus ₹130 crore capital expenditure for related infrastructure at its Bharuch Plant. The investment secures about 48 MW additional renewable energy supply (~30 MW round-the-clock at 75 per cent Capacity Utilization Factor), elevating Bharuch Plant’s total RE capacity from 50.4 MW peak to 98.4 MW.
Nectar Lifesciences Ltd has executed an inter-corporate loan agreement with wholly owned subsidiary Avensis Exports Private Ltd for ₹100 crore. The unsecured loan carries 12 per cent annual interest with 10-year tenure, executed on March 11, 2026. The funds will support the subsidiary’s general corporate purposes and business requirements, with the transaction conducted at arm’s length pricing despite being a related party transaction.
Sical Logistics has approved allotment of 1,45,35,790 rights equity shares of ₹10 face value each at ₹64 per share (₹54 premium) to public shareholders and renouncees. Paid-up equity capital rises from 6,52,49,080 shares (₹65.25 crore) to 7,97,84,870 shares (₹79.78 crore).
QIP issues
The board of Max Financial Services has approved a comprehensive capital raising plan worth up to ₹2,000 crore through Qualified Institutional Placement (QIP) and authorised share capital increase from ₹70 crore to ₹75 crore. The funds will primarily support material subsidiary Axis Max Life Insurance Limited’s business growth and expansion plans, with the initiative subject to regulatory approvals and shareholder consent through postal ballot process.
The board of Manorama Industries has approved a proposal to raise up to ₹500 crore through the issuance of equity shares, non-convertible debt instruments with warrants, convertible securities or other eligible instruments, in one or more tranches. The fundraising may be undertaken via qualified institutional placement (QIP) or any other permissible mode.
Strategic stake buy
Gravita India Ltd has entered into definitive agreements to acquire 41,08,639 equity shares, representing approximately 98.95 per cent of the paid-up share capital, of Rashtriya Metal Industries Ltd (RMIL). The total consideration for this strategic acquisition is set at ₹559.08 crore, paid entirely in cash. This move is aimed at expanding Gravita’s presence and strengthening its capabilities within the copper and copper alloy manufacturing sector.
Expansion
ACME Solar Holdings Limited (ASHL), through its wholly owned subsidiary ACME Sun Power Private Limited, has commissioned the second phase of 33.335 MW/160.51 MWh of its Battery Energy Storage System (BESS) Project in Village Badi Sid, Tehsil Bap, Phalodi and Jodhpur, Rajasthan. The Commercial Operation Date (COD) for this phase is scheduled for March 14.