Corporate & Economy News – 29 September 2025

Key Corporate Updates

Aurobindo Pharma – Will complete investment for 26% stake in Swarnaakshu by Dec 31; incorporated Curateq Biologics (Malta) as a wholly-owned subsidiary.

JK Paper – Acquired additional 20% stake (₹32.5 Cr) in Radhesham Wellpack, raising holding to 80%.

Lemon Tree Hotels – Appointed Neelendra Singh as MD and Kapil Sharma as CFO & Executive Director (5-year term, from Oct 1). Signed a new 55-room property in Maharashtra.

Yatra Online – Announced exclusive festive discounts for shareholders on domestic & international flights.

Godrej Agrovet – Signed MoU with MoFPI; plans ₹960 Cr investment in food processing & innovation facilities.

Hindustan Unilever – Stated 40% of its portfolio benefits from GST revision; expects near-term sales impact in Sept–Oct.

BEML – Entered MoU with Bharat Forge & Data Patterns to collaborate on Advanced Medium Combat Aircraft (AMCA) programme.

GR Infraprojects – To acquire 100% of Rajgarh Neemuch Power Transmission; will divest 100% in GR Bahadurganj Araria Highway.

Sula Vineyards – Received ₹6.45 Cr penalty from State Tax Dept., Nashik.

Andhra Paper – Scheduled plant outage at Kadiyam facility (Oct 6–15).

Shriram Finance – Infused ₹300 Cr via rights issue in subsidiary Shriram Overseas.

Dixon Technologies – To acquire 2.08 Cr shares of QTech India for ₹552 Cr.

Alkem Laboratories – Signed business transfer agreement with Alkem Wellness for trade generics segment.

Vascon Engineers – MoU with Adani Infra for 5 years under early engagement execution model.

PG Electroplast – Acquired 50-acre land in Sri City, Andhra Pradesh; plans ₹1,000 Cr manufacturing campus investment.

Quality Power – Secured new orders worth ~₹36.7 Cr across reactors and transformers.

Stocks to Watch

Ceigall India – JV with JSP Projects won ₹509.2 Cr Mohali infra project; arm received NHAI “appointed date” for ₹981 Cr Ludhiana–Bathinda highway.

Azad Engineering – Bagged ₹651 Cr long-term contract from Mitsubishi Heavy Industries, Japan, for turbine components.

PG Electroplast – Expanding with ₹1,000 Cr investment in Sri City plant.

Alkem Laboratories – Transferring trade generics to subsidiary, effective Oct 1.

Shriram Finance – Further ₹300 Cr infusion in overseas arm.

Lemon Tree Hotels – Major leadership changes from Oct 1.

Godrej Agrovet – ₹960 Cr food processing investment plan.

BEML – Strategic defense collaboration with Bharat Forge & Data Patterns.

Waaree Energies – Acquired 76% stake in Racemosa Energy for ₹53 Cr.

Tata Motors – CFO PB Balaji to become CEO of JLR UK; new leadership appointments across finance, EV, and CV divisions.

Oil India – Discovered natural gas in Vijayapuram-2 well, Andaman offshore block.

Allied Blenders & Distillers – CFO change; new appointment effective Oct 10.

Deepak Nitrite – Subsidiary commissioned ₹115 Cr hydrogenation plant in Dahej.

Power Grid Corp – Approved ₹705 Cr projects including VoIP grid system & disaster preparedness towers.

Chambal Fertilisers – Received GST penalty notice worth ₹527 Cr.

Godawari Power & Ispat – 6 fatalities, 6 injured due to Raipur plant accident.

Interarch Building Solutions – To invest ₹100 Cr in new Andhra Pradesh plant.

Birlasoft – Reappointed CEO Angan Guha for 2 years.

GNFC – Resumed Dahej TDI-II operations after safety checks.

Jindal Steel – Commissioned 5 MTPA blast furnace at Angul, doubling capacity.

IRFC – Approved ₹4,000 Cr loan for Talcher Fertilizers’ project; additional loans for NTPC projects.

IPO & Listings

Atlanta Electricals – To debut today; issue subscribed 70.6x (QIB 195x, NII 54x, Retail 10x).

Ganesh Consumer Products – To debut today; issue subscribed 2.7x (QIB 4.2x, NII 4.3x, Retail 1.2x).

Tata Capital IPO – Opens Oct 6; fresh issue of 21 Cr shares + OFS of 26.6 Cr shares.

Corporate Actions

Shares exiting anchor lock-in – HDB Financial Services (3%), Sambhv Steel Tubes (3%).

Board Meetings – Camlin Fine Sciences, E2E Networks, Lyka Labs.

Trading Updates

ASM Exits – JSW Holdings, Sindhu Trade Links, SPIC.

Price Band Revisions – Shankara Building Products (20% → 5%), Emkay Global (20% → 10%).

F&O Cues – Nifty Sep futures down 1.07%, OI down 22.5%. Max Call OI at 25,000; Max Put OI at 24,500.

Ban List – RBL Bank.

Commodities & Macro

Gold: ₹58,824 (-0.35%)

Silver: ₹46,800 (+0.40%)

Brent Crude: $68.81 (+0.30%)

Natural Gas: $4.75 (-0.59%)

USD/INR: 88.65 (flat)

US 10Y Yield: 4.01% (+1.01%)