News Highly Sensitive to Stock Price: Dec 31

Power Grid Corporation of India

The company has been declared the successful bidder for the selection of battery energy storage developers for setting up a cumulative capacity of 2,000 MWh (1,000MW x 2 hours) of standalone battery energy storage systems in Andhra Pradesh. The project comprises a 150 MW/300 MWh battery energy storage system at the 400/220 kV substation at Kalikiri in Chittoor district, Andhra Pradesh

Bharat Forge

The Indian MoD has awarded Bharat Forge Limited (BFL) a contract worth Rs. 1,661.9 crores contract for supply of 255,128 CQB Carbines (5.56 x 45 mm) to the Indian Army. The contract signed on 30th December, 2025, sets forth order execution within five years. It is an indigenously designed, developed, and manufactured (IDDM) compact firearm jointly developed by Armament Research & Development Establishment (ARDE), DRDO and Bharat Forge Ltd., Pune.

Privi Speciality

A shareholder of Privi Speciality Chemicals Ltd is likely to sell up to 6.32% stake in the company via a block deal. The total offer size is expected to be Rs 700 crore. The floor price for the transaction has been set in the range of Rs 2,835-2,850 per share, representing a discount of 11.14% to the last closing price

Reliance Inds

Russian crude oil shipments to India are projected to reach a threeyear low in December, with deliveries anticipated around 1.1 million barrels daily. This dip follows increased US scrutiny on energy trade, impacting buyer confidence. However, a rebound is expected early next year as Reliance Industries resumes purchases, potentially boosting volumes.

Oil and Gas

India’s government is considering a change to its LPG subsidy formula following state-run oil companies’ first annual supply contracts with US exporters. Companies are advocating for the inclusion of US benchmark prices and higher transatlantic freight costs in the subsidy calculation to better reflect the economics of these imports.

Petrochemical Sector

India’s petrochemical sector anticipates strong growth of 6-7% annually. Major capacity expansions are underway to cut import reliance. Polypropylene capacity will surge, potentially eliminating import needs by FY30. However, cost competitiveness is key. Global oversupply has pressured margins, but lower input costs offer some relief.

RITES

RITES has received Letter of Award for Supply of In-Service Cape Gauge Diesel Electric Locomotives from Berhard Development Corporation (Private) Limited, Zimbabwe. The order is valued at US$ 3.6 million and to be executed in the next three months.

Prostram Info

Company is setting up a new manufacturing unit at Bakrol, Gujarat, subject to the receipt of necessary statutory and regulatory approvals and clearances, as may be required. The estimated capex is likely around Rs 6 crore and may begin commercial production from May-2026 onwards.

Dynacons Systems

The contract is for implementation, maintenance and learning services of the Enterprise Applications Platform (EAP) Software at RBI, over a period of 5 years on a consumption based model. The total cost of ownership is pegged at Rs 249.15 crore (incl. GST).

Tata Power

Tata Power Renewable Energy Limited (subsidiary) has successfully commissioned SJVN Limited’s landmark 1 GW (1,000 MW AC/1,400 MWp DC) DCR-compliant solar power project. All 2.4 million modules used in the project have been manufactured at TP Solar Limited (Subsidiary)

Muthoot Finance

The Board of Directors of Muthoot Money, a subsidiary of the company, has completed the allotment of 3,25,139 equity shares to Muthoot Finance against funds of Rs 500 crore via a rights issue.

Waaree Renewables

WRTL has received an enhancement in the capacity under the existing contract from from 30 MWp to 35 MWp for the execution of Engineering, Procurement, and Construction (EPC) works for a Ground mount solar power project including Operation and Maintenance (O&M), taking the order value from Rs. 90.29 Cr. to Rs.102.93 Cr. The project is expected to be completed in FY27.

Power Grid

Power Grid Corporation has been declared as successful bidder under Tariff Based Competitive Bidding for 150 MW/300 MWh Battery Energy Storage system under Tariff-Based Competitive Bidding with Viability Gap Funding supported through PSDF, under the Build-Own-Operate (BOO) Model-Battery Energy Storage System Project at 400/220kV transmission

Shakti Pumps

Shakti Pumps (India) has received its third order from the state of Jharkhand. Jharkhand Renewable Energy Development Agency has given work order for 1,000 nos. of stand-alone off Grid Solar Photovoltaic Water Pumping Systems (SPWPS) at various locations across the state of Jharkhand under Component-B of PM-KUSUM scheme. The total amount of the order value is for around Rs. 21 crore (inclusive of GST).

GR Infra

G R Infraprojects announced that the company has entered into Share Purchase Agreement with Indus Infra Trust for transfer of 100% equity shares being held by the Company in its wholly owned subsidiary namely GR Bahadurganj Araria Highway (GBAHPL).Upon completion of the aforesaid transfer, GBAHPL would cease to be wholly owned subsidiary of the Company.

IFCI

The company has monetised its 10% equity stake in North Eastern Development Finance Corporation (NEDFi) for Rs 121.77 crore.

Inter Globe Aviation

The GST Department, Delhi South, has passed an order against InterGlobe Aviation imposing a GST demand, along with interest and penalty, amounting to Rs 458.26 crore. The demand pertains to compensation received from a foreign supplier and the denial of input tax credit for FY 2018–19 to FY 2022–23. The company strongly believes that the order passed by the GST department is erroneous and not in accordance with the law, based on advice from external tax advisors.

Lupin

The drugmaker on December 30, said its acquisition of Amsterdam based VISUfarma BV is underway and may be completed by February 28, 2026, subject to closing conditions. The deal is being executed through Lupin’s wholly-owned subsidiary, Nanomi BV

Taj GVK Hotels and Resorts

Shalini Bhupal, a promoter shareholder, through an inter se transfer of shares, has acquired 1.6 crore equity shares, representing 25.52% of the shareholding in Taj GVK Hotels & Resorts, at a price of Rs 370 per share from The Indian Hotels Company Limited. Consequent to the sale and purchase of the shares, a termination agreement was executed among G Indira Krishna Reddy, Shalini Bhupal, Blue Moon Trust, Moonshot Trust, Starlight Trust, The Indian Hotels Company Limited, and the company.