News Highly Sensitive to Stock Price: Dec 26

IndusInd Bank

The bank has received a letter on December 23 from the Serious Fraud Investigation Office (SFIO) regarding an investigation into the affairs of IndusInd Bank, seeking relevant information. The bank continues to extend full cooperation and support to law enforcement agencies.

Lenskart

The Board of Lenskart Solutions Pte (Singapore), the wholly owned subsidiary of Lenskart Solutions, has approved an investment of KRW 3 billion (approximately Rs 18.6 crore) for the acquisition of a 29.24% stake in Korea-based startup iiNeer Corp. iiNeer develops technology-enabled eye-testing and lens-cutting equipment.

KNR Constructions

The company has executed Share Purchase Agreements (SPAs) with Indus Infra Trust for the sale of its 100% shareholding (including sub-debt) in four special purpose vehicles (SPVs) KNR Palani Infra, KNR Ramagiri Infra, KNR Guruvayur Infra, and KNR Ramanattukara Infra. The company is expected to invest Rs 566.83 crore (in the form of equity and sub-debt) in the SPVs, against which it is expected to receive Rs 1,543.19 crore. This includes Rs 1,398.65 crore towards sale consideration and Rs 144.54 crore as estimated cash surplus, which will be upstreamed to the company in an agreed manner through this transaction

Reliance Industries

Reliance Industries has restarted buying discounted Russian crude oil. The company is sourcing barrels from suppliers not under sanctions. These shipments are heading to its refinery in Gujarat. This move is expected to limit a drop in India’s overall Russian oil imports this month. Reliance had paused purchases after US sanctions were imposed on Russian producers.

Coforge

Coforge Limited announced the launch of EvolveOps.AI, a next generation Agentic AI powered IT operations management platform. It is designed to empower enterprises to prepare for an AI-first era, leveraging purposebuilt hybrid cloud architecture & agentic operations for agility, resilience and transformation. Powered by advanced Agentic AI agents, EvolveOps.AI delivers end to-end autonomous operations across the lifecycle of enterprise systems running on a hybrid cloud ecosystem.

Oriental Rail Infra

Oriental Rail Infrastructure Limited has secured order worth Rs. 4.90 crore from Integral Coach Factory (ICF), Chennai, Indian Railways.

HEG

Bhilwara Energy Limited would acquire 100% Stake in 76 MW Phata Byung Hydroelectric Project in Uttarakhand. After this the total hydro capacity to rise to 375 MW

Vikran Engg.

Company received an award of contract from NTPC Renewable Energy Ltd. of Rs 459.20 crores for EPC of 400 MW AC solar project on balance of system basis at Chitrakoot-1 in Uttar Pradesh. It is expected to be completed in the next 12 months.

Innovators Façade Systems

Company has received the Letter of Award for Design, Supply and Installation of Facade and allied works including BMU works as NSC basis from Avante Spaces. The order is valued at Rs 57.63 crore.

Strides Pharma

Company said that a routine current Good Manufacturing Practices (cGMP) inspection was conducted by the US FDA at the Formulations Facility of Strides Pharma Inc. USA (SPI), a step-down wholly owned subsidiary of the Company, at Chestnut Ridge, New York, USA during the period December 17, 2025 to December 23, 2025. At the conclusion of the inspection, the US FDA has issued a Form 483 with four observations. These observations are procedural in nature and the company does not anticipate any impact on supply of its commercial products

SJVN

A wholly owned subsidiary of the Company i.e., SJVN Green Energy Limited (SGEL), has achieved the Commercial Operation Date (CoD) of 1,000 MW Bikaner Solar Power Project, marking the significant milestone in the Company’s journey towards strengthening the nation’s power generation capacity. The 1,000 MW Bikaner Solar Power Project is at Bikaner district of Rajasthan. The maximum usage charges have been fixed at Rs 2.57 per unit, thereby contributing to the availability of affordable green power to consumers. The project has been developed on 5,000 acres of outright-purchased land near Village Banderwala in Bikaner District, Rajasthan, one of the highest solar-yield regions in the country. The commissioning of this project contributes significantly towards achievement of the Government of India’s target of 500 GW of renewable energy capacity by 2030. The project is developed at the cost of Rs 5,492 crore and has been executed under the Domestic Content Requirement (DCR) mode, utilizing domestically manufactured solar photovoltaic cells and modules, thereby supporting the Make in India initiative.

Dilip Buildcon

Dilip Buildcon through its DBL-SRBG (JV) has received Completion Certificate of the project Construction of extra-dosed Bridge across Sharavathi Backwaters and approaches between Ambargodu and Kalasavalli of NH – 369E in the state of Karnataka (Job No. NH-369EKNT-201819-895) on EPC Basis.

NTPC

The company has commissioned the second and final part of 13 MW out of the 23 MW capacity of the Solapur Solar PV project at NTPC Solapur, Maharashtra. With this, the total installed and commercial capacity of NTPC on a standalone and group basis now stands at 60,796 MW and 85,623 MW, respectively.

Ola Electric

The company has received incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY25.

SEAMEC

Its vessel, SEAMEC III, has sailed for the commencement of the second part of the Pipeline Replacement Project – Group A (PRP-VIIIA) and the DSF II project with effect from December 25

Panacea Biotec

The company has received an amendment to the Letter of Award from UNICEF for the supply of its WHO pre-qualified fully liquid pentavalent vaccine, Easyfive-TT, during calendar years 2023–2027. The original Letter of Award from UNICEF was received on October 10, 2022.

Castrol India

Motion JVCo, together with Stonepeak Motion Holdco, Stonepeak Infrastructure Fund V Cayman (AIV I) LP, Stonepeak Infrastructure Fund V (Lux) (AIV I) SCSp, and CPP Investment Board Private Holdings (6) Inc, has announced an open offer to acquire a 26% stake in Castrol India. The acquirers will purchase up to 25.71 crore equity shares (26% stake) in Castrol India at Rs 194.04 per share.

Ultratech Cement

The company announced the commissioning of additional cement capacity at its Maharashtra and Rajasthan units, leading to an increase in production capacity of 1.8 mtpa. As a result, its total domestic grey cement manufacturing capacity stands at 188.66 mtpa. Along with its overseas capacity of 5.4 mtpa, the company’s global capacity stands at 194.06 mtpa.

Supreme Industries

The company has received a Letter of Acceptance (LoA) from Bharat Petroleum Corporation (BPCL) for a repeat order to supply approximately 2 lakh units of 10.0 kg composite LPG cylinders. The total supply is expected to be valued at around Rs 54 crore.

JK Cement

The company has been declared the ‘preferred bidder’ for the mining lease of the Kishanpura Limestone Block in Nagaur, Rajasthan. The limestone block spans an area of 483 hectares and has G3-level exploration

NBCC

The company has signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority for the development of the CGO Complex on 25 acres of Mumbai Port land as deposit work on a turnkey basis. NBCC will serve as the project management consultant for the said works