Beat the Street Bulletin

ORDER WINS

HCC: Secures ₹2,566 crore Patna Metro contracts for underground tunnels and stations.

Dilip Buildcon: Wins ₹1,115 crore Kerala Industrial Corridor project via DBL-PSP JV.

Sahana Systems: Subsidiary Softvan secures ₹16.42 crore RailTel AI-powered solutions order.

ACQUISITION

Indian Hotel: Acquires ₹100.83 crore equity in wholly-owned subsidiary ELIL via rights issue.

COLLABORATIONS

Zaggle Prepaid: Partners with Mastercard for co-branded prepaid cards through 2030.

Central Bank of India: Teams up with C2FO to provide TReDS services for MSME liquidity.

VeeFin Solutions: Expands into Sri Lanka with IWS Holdings to digitize BFSI sector.

Bartronics India: Signs MoU with Huwel Lifesciences for strategic collaboration and stake investment.

Mazagon Dock: MoU with Tamil Nadu govt to develop greenfield shipyard on the eastern coast.

LEADERSHIP CHANGES

VIP Industries: Appoints Atul Jain as MD; Neetu Kashiramka resigns effective 31 Oct 2025.

Olectra Greentech: Ex-Switch Mobility CEO Mahesh Babu likely to join as MD.

NEW PROJECTS

Parsvnath Developers: Signs agreement for 112.85-acre township in Rajpura, Punjab.

FUNDRAISING

ACME Solar: Raises ₹1,100 crore refinancing from SBI for 300 MW Rajasthan project.

Brand Concepts: Plans ₹20 crore via preferential issue of warrants to promoter group.

Rama Steel Tubes: Allots 7.78 crore shares on preferential basis at ₹11.25 each.

HEG: Approves ₹210 crore inter-corporate loan to Bhilwara Energy at 9% interest.

CREDIT RATINGS

SpiceJet: Long-term rating upgraded to BB (Stable) by Acuité on improved liquidity.

FII / STAKE CHANGES

Cupid: Promoter bought additional 0.37% stake via open market on 23 Sept.

IPOs

Canara Bank: Robeco AMC files updated DRHP with SEBI.

Gretex Corporate: Announces IPO of MPK Steels opening 26 Sept on BSE SME.

Q4 / BUSINESS UPDATES

PhonePe: FY25 revenue up 40% YoY to ₹27,115 crore; EBITDA doubled to ₹1,477 crore. DRHP filing planned later this year.

Hindustan Foods: Highlights expansion into new verticals and sustainability initiatives at 40th AGM.

USFDA / REGULATORY

Shilpa Medicare: Receives EMA approval for Rivaroxaban Orodispersible Films, first-of-its-kind in Europe.

Marksans Pharma: UK subsidiary Relonchem gets marketing authorization from UK MHRA.

CLARIFICATIONS

MRF: Tiruvottiyur plant strike deemed illegal; no material financial impact.

ACME Solar: Clarifies Morena solar-plus-storage bid; LoA yet to be received.

LAUNCHES

Hero MotoCorp: Launches all-new Destini 110 scooter priced ₹72k–₹79k.

Ola Electric: Launches ‘Ola Celebrates India’ festive EV campaign with scooters from ₹49,999.

United Breweries: Relaunches Kalyani Black Label strong beer in West Bengal.

PN Gadgil: Launches LiteStyle jewellery collection in Chhatrapati Sambhajinagar.

Blue Dart Express: Launches ‘Diwali Express’ with up to 60% discount on gift shipments.

CORPORATE STRUCTURE / INCORPORATION

IIRM Holdings: Converts ₹11.93 crore loan into equity in India Insure subsidiary.

IT NEWS

Birlasoft: Signs multi-year digital transformation deal with US-based industrial client.

Sonata Software: H-1B visa fee hike impact negligible due to diversified delivery model.

TAX / LEGAL

Adani Power: Supreme Court dismisses Union’s appeal; no export duty on DTA to SEZ transfer.

Vedanta: Govt directs ONGC to take control of oil & gas block after denying renewal; Vedanta challenges in Delhi HC.

OTHER UPDATES

Delhi World Money: To lead Ebix Inc’s global travel & hospitality consolidation.

Jio Financial: JioBlackrock AMC to launch first active equity FlexiCap fund.

BEML: First Vande Bharat Sleeper ready; Railways to launch service by Oct-end.

Wardwizard Foods: Expands exports to Tanzania.

PSU Banks / RFC / PFC / IREDA: Govt holds meeting on renewable energy financing; rules out tax-free green bonds.

Stanley Lifestyle: Revises product prices for festive season.

Switching Technologies: Board meets 24 Sept to consider slump sale of business unit.

CarTrade Tech: CarWale & BikeWale traffic surges 74% YoY during Navratri.

Electronics Mart India: Opens new 6,000 sq.ft. Bajaj Electronics store in Telangana.

Prism Johnson: Declared preferred bidder for limestone block in Satna, Madhya Pradesh.

SUDARSHAN CHEMICAL Q1 RESULTS

Net Profit: ₹47.2 crore ⬆18% YoY | ⬇4% QoQ

Revenue: ₹2,506 crore ⬆296% YoY | ⬆86% QoQ

EBITDA: ₹192 crore ⬆139% YoY | ⬆51% QoQ

EBITDA Margin: 7.67% vs 12.70% YoY | 9.41% QoQ