Corporate Highlights | 22 September 2025

• Swan Defence & Heavy Industries: Signed MoU with Gujarat Maritime Board for a ₹4,250 Cr investment to expand Pipavav shipyard facilities (slipway, jetties, cranes, dredging).

• Shipping Corporation of India (SCI): Partnered with BPCL, HPCL, IOCL to jointly acquire, own, and operate vessels for international & coastal hydrocarbon trade.

• Garden Reach Shipbuilders (GRSE): Signed five MoUs for shipbuilding, port infra, and green tug projects; secured a $62.44 Mn order for 4 hybrid multipurpose vessels from Germany.

• Hariom Pipe Industries: Entered MoU with Maharashtra Govt to set up a ₹3,135 Cr integrated steel plant in Gadchiroli.

• Oil India: JV with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to develop 1.2 GW renewable projects (1 GW solar, 200 MW wind).

• PNC Infratech: Won ₹495.5 Cr order from Bihar State Road Dev Corp for high-level bridge and approach road project.

• Netweb Technologies: Secured ₹450 Cr order for Tyrone AI GPU systems.

• Brigade Enterprises: Raised ₹126 Cr investment in its Bengaluru Twin Towers project from Shruti Pai (Manipal Group).

• Redington: Subsidiary executed $8 Mn Vodafone device distribution deal in Turkey.

• Godrej Consumer: Infused $85 Mn equity into Mauritius subsidiary to deleverage balance sheet.

• NBCC: MoU with HUDCO for ₹117 Cr commercial development projects.

• Somany Ceramics: Signed pact with GAIL for natural gas supply to Kassar plant; operations at full capacity.

• Prism Johnson: Declared preferred bidder for limestone block in MP.

• Jubilant Pharmova: US FDA inspection concluded no observations.

• Zydus Life: FDA issued EIR with “Voluntary Action Indicated,” upgrading status of Ahmedabad plant.

• Lupin: US FDA inspection at Pune Biotech facility ended with four observations.

• Amber Enterprises: Subsidiary acquired Israel-based ILJIN Holding, making it a step-down subsidiary.

Stocks in Focus
• Positive Sentiment:
o Shakti Pumps (₹703 Cr PM-KUSUM orders),
o Hindustan Copper & Oil India JV (critical minerals),
o Ceigall (₹1,700 Cr BESS project in MP),
o Power Grid (inter-state transmission bid win),
o GR Infraprojects (expanded into energy/solar infra),
o Asian Paints (festive recovery momentum).

• Neutral: Lupin (FDA observations), Crompton Greaves (solar order), Piramal Enterprises (CFO exit & merger with Piramal Finance), NDTV (Goodtimes acquisition), GNFC (Dahej unit shutdown, no casualties).

• Negative: IT stocks under pressure as US hikes H-1B visa fee to $100,000 (Persistent, Mphasis, Coforge say impact minimal).

Analyst Insights
• Heavy maritime & defence sector activity (SCI, Swan Defence, GRSE) driven by GoI’s ₹70,000 Cr shipbuilding push.

• Infra & renewable plays (PNC, Oil India, Ceigall, Power Grid) gaining traction on state & central project awards.

• Pharma sentiment mixed – positives from Zydus/Jubilant, cautious on Lupin FDA findings.

• IT sector faces headwinds from US visa policy, though most players claim minimal operational impact.

• Festive demand outlook supportive for consumer names (Asian Paints, M&M, Godrej Consumer).