The Contract Finalisation Department of Bharat Coking Coal Limited has approved the termination of the contract agreement with Loyabad Coalfields Private Limited for the “Re-opening, Development & Operation of Loyabad Coal Mine on Revenue Sharing Basis”. The feasibility of the mine will be reviewed and the further course of action will be decided accordingly.
RailTel Corporation of India Ltd has received a work order from the Uttar Pradesh Police Recruitment and Promotion Board to provide security-related ancillary services during recruitment examinations. The size of the order as per the work order is ₹29.90 crore (including tax). In a separate disclosure, the PSU said it has received the Letter of Acceptance (LoA) from Dy. Cste/Projects/Bza for signalling and telecom arrangements in connection with yard remodelling of Guntur Junction and Automatic Block Signalling System between GNT-NLPD Section in Guntur Division of South Central Railway. The estimated size of the order as per the LoA is ₹34.29 crore (including tax).
Metal stocks
JSW Steel has announced its coking coal mining project, Minas de Revuboè (MdR), located in the Moatize coal basin, Tete Province, Mozambique. The ceremony was presided over by the President of the Republic of Mozambique. The MdR project grants JSW Steel access to substantial reserves of premium hard coking coal, which is a key raw material in steelmaking. MdR has 850 million tonnes of reserves and the potential to yield 250 million tonnes of usable coking coal. JSW Steel will develop the mine in phases, with the first phase expected to be developed over the next 2.5 years to produce 2.4 million tonnes per annum of prime hard coking coal.
Hindalco Industries expects a potential disruption in its aluminium extrusion business due to the Force Majeure declaration by certain gas suppliers. The company in a notification to exchanges said it has not halted operations of its Aluminium Extrusions business but issued communication to customers following a Force Majeure declaration by certain gas suppliers. It was a routine business intimation regarding a potential supply disruption in a segment of the extrusions business.
The board of Arfin India has considered and approved subscription to the rights issue of equity shares of the company’s wholly owned subsidiary, Arfin Titanium & Speciality Alloys Ltd. The company has approved subscription to the said rights issue for an amount up to ₹4.50 crore or such higher amount as may be required, in accordance with the terms of the offer made by the subsidiary company and subject to applicable laws including the provisions of the Companies Act, 2013.
Fino, Tata Motors, Shree Cement
Fino Payments Bank has provided an update on the business performance of the bank as below: The bank has recorded the highest ever total deposit balance of ~₹2,900 crore.
Shree Cement has successfully commissioned its 3.50 million tonnes per annum cement mill at the Kodla integrated cement plant in Kalaburagi District, Karnataka, on March 14. The Kodla plant’s cement capacity now reaches 6.50 million tonnes per annum, boosting Shree Cement’s overall India capacity to nearly 70 million tonnes per annum.
Tata Motors has secured cumulative orders for more than 5,000 buses and bus chassis from multiple state transport undertakings (STUs), reinforcing its position as a key supplier of mass mobility solutions. The orders were awarded through a competitive e-bidding process under the government procurement system and will be executed in phases in coordination with the respective STUs. The orders include those from the Maharashtra State Road Transport Corporation (MSRTC), the Gujarat State Road Transport Corporation (GSRTC), the North Western Karnataka Road Transport Corporation (NWKRTC), the Telangana State Road Transport Corporation (TGSRTC), the Bihar State Road Transport Corporation (BSRTC), the Rajasthan State Road Transport Corporation (RSRTC), the Kerala State Road Transport Corporation (KSRTC), the Haryana Roadways and the Chandigarh Transport Undertaking (CTU).
Oil and Natural Gas Corporation (ONGC) has awarded a significant contract worth ₹410.74 crore to a consortium of SEAMEC Ltd and Supreme Hydro Pvt Ltd. The agreement covers the operation and maintenance (O&M) of ONGC’s Multi Support Vessel (MSV), Samudra Sevak. The contract spans 738 days for 2026–2028 and will commence within 60 days.
GMR Airports has been officially awarded the concession for Delhi Cargo Terminal 1 at IGI Airport by DIAL. The project involves upgrade, modernisation and operations of the terminal with an expected revenue share of ₹340 crore in the first full year, extending through 2036.
Ramky Infrastructure Limited has announced the execution of a concession agreement between the Maharashtra Industrial Development Corporation (MIDC) and its wholly owned subsidiary, Maha Integrated Life Sciences City Limited (MILeS City), for the development of a High-Tech Pharmaceutical Park at the Dighi Port Industrial Area in Raigad district, Maharashtra. The project will be implemented on a Public-Private Partnership (PPP) basis under the Design, Build, Finance, Operate and Transfer (DBFOT) model, with an estimated cost of ₹3,000 crore. The concession period spans 95 years, including a five-year construction timeline. Following this agreement, RIL’s order book position stands at approximately ₹13,500 crore.
Pharma companies
Zydus Lifesciences Ltd has announced that its innovative drug Desidustat tablets, licensed to the subsidiary of China Medical System Holdings Ltd (listed in Singapore and Hong Kong stock exchanges), has been approved for renal anaemia in China by the National Medical Products Administration of China (NMPA). CMS International Development and Management Ltd, a wholly-owned subsidiary of CMS, had obtained an exclusive license for the drug from Zydus in 2020.
Jubilant Ingrevia Ltd has signed a Share Purchase Agreement to acquire 100 per cent equity stake in Remidex Pharma Private Limited for ₹16.5 crore cash consideration, making it a wholly owned subsidiary. The Bangalore-based Remidex manufactures micronutrient premixes, nutraceuticals, and serves as contract manufacturer for Indian/multinational pharma firms.
Power/energy stocks
VA Tech Wabag has secured a Letter of Award from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project for Greater Chennai City (GCC). Funded by the Asian Development Bank, the project will establish a city-wide water grid platform for Chennai, enabling flexible water routing, improved pressure management, and greater operational reliability under both normal and emergency conditions. The project will be completed within 54 months, followed by 10 years of operation and maintenance. Once operational, the system will establish a climate-resilient water grid for Chennai, significantly improving the city’s ability to manage water resources efficiently, respond to disruptions, and ensure reliable and sustainable water supply for its growing population.
Adani Power has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Ltd to supply 1,600 MW of electricity under a long-term power supply arrangement. The award follows a competitive bidding process in which Adani Power emerged as the lowest-tariff bidder, offering power at a combined tariff of ₹5.30 per kWh, the company said in a statement on Sunday.
Waaree Energies has launched an integrated solar ingot and wafer manufacturing facility at Butibori, Nagpur. The facility will house 10 GW capacity each for solar ingots and wafers, establishing it as India’s largest integrated ingot and wafer manufacturing complex. The project represents a major step toward strengthening India’s upstream solar manufacturing ecosystem and building a more resilient domestic supply chain for the country’s rapidly expanding solar sector. Spread across 300 acres and being developed with an investment of approximately ₹6,200 crore, the facility will focus on the production of high-purity solar ingots and wafers, which form the critical foundation of the solar photovoltaic value chain.
Bajel Projects Limited, a leading EPC player in power transmission infrastructure, has secured an ultra-mega order worth over ₹700 crore from Maharashtra State Electricity Transmission Company Ltd for the establishment of a 400/220 kV AIS Substation at Saswad. The company claims that the order is the largest single order won in the Power Transmission business. The project encompasses the complete turnkey EPC execution including the design, supply, erection, testing and commissioning of the substation along with all associated transmission lines – covering civil, supply and ETC (Erection, Testing & Commissioning) components.
Realty stocks
Realty firm Brigade Enterprises Ltd will develop a 25-acre industrial park in Bengaluru to meet rising demand. The park would offer around 2 million square feet of leasable space and will cater to the high-growth industrial sectors of the region, including aerospace and defence, IT/ITES, and data centres.
Dilip Buildcon has been declared as L-1 bidder for the tender floated by the Odisha Bridge & Construction Corporation (OBCCL) worth ₹160.20 crore under EPC mode. The order is for Construction of Diversion Road from 4/700 km to 11/500 km of Duduka-Gopalpur-Toparia Road. The completion period is 18 months.
IT/new-age stocks
ITCONS E-Solutions Ltd has bagged a new contract by the Department of Defence Research and Development, Aeronautical Development Agency, Ministry of Defence to provide 70 resources for a period of one year. The total contract value is ₹2.81 crore inclusive of all taxes and duties. The contract is scheduled to commence on April 4, 2026, and shall remain in force until April 3, 2027.
The board of Inventurus Knowledge Solutions has approved further investment of up to $40 million in its wholly owned subsidiary Inventurus Knowledge Solutions, Inc. (IKS Inc.) on March 13. US-based IKS Inc., incorporated September 19, 2006 in Delaware, provides care enablement platforms with technology solutions for healthcare providers. First tranche $20 million at $643.19 a share acquires up to 31,096 equity shares via cash; and the balance by May 31.
FirstCry (Brainbees Solutions Ltd), India’s largest multi-channel, multi-brand retailing platform for mothers’, babies’, and kids’ products, has announced the expansion of its ‘Qwik’ delivery service across select areas in Bengaluru, Pune and Hyderabad. FirstCry is leveraging its existing modern store network and RocketBees, a tech-enabled asset-light logistics initiative, to enable quicker fulfilment of orders.
Meta Infotech has received a renewal order from a leading private sector bank (domestic company) amounting to ₹1.91 crore for cloud workload along with onsite resources for the period from March 1, 2026 to June 30, 2027 and March 1, 2026 to February 28, 2027 respectively.