News Highly Sensitive to Stock Price: Feb 17

Embassy Developments

The company has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase I of Embassy Serenity, its first residential project in Alibaug within the Mumbai Metropolitan Region (MMR). This marks the company’s entry into the lifestyle and second homesegment. The overall project spans approximately 0.2 million square feet of RERA carpet area, with an estimated gross developmentvalue (GDV) of Rs 400 crore.

Torrent Power

Torrent Power Limited has entered into a definitive agreement with L&T Power Development Limited (L&TPDL), a wholly owned subsidiary of Larsen & Toubro (L&T) to acquire 100% of equity stake and convertible instruments in Nabha Power Limited (NPL) for an Enterprise Value of INR 6,889 Crores. Nabha Power Ltd owns and operates a 1,400 MW (2 X 700 MW) supercritical coal-fired thermal power plant at Rajpura in Patiala district, Punjab.

Cochin Shipyard Limited

Cochin Shipyard Limited (CSL) has been declared as L1 in the tender floated by the Ministry of Defence for construction of 5 nos. of Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value is around Rs. 5,000 crore.

Reliance Inds

Reliance Consumer Products Limited has partnered with Nigeria’s TGI Group to establish a majority-owned joint venture. This strategic move aims to introduce Reliance’s diverse FMCG products to Nigeria’s vast consumer base. The collaboration will leverage TGI’s extensive manufacturing and distribution expertise, marking a significant expansion into one of Africa’s key markets. Reliance Retail is testing a new platform to connect its physical stores with online shopping. Customers can use QR codes to find products matching their preferences. This initiative aims to enhance the shopping journey across Reliance’s vast network of stores. The company plans to expand this technology to more of its retail chains soon.

Coal India

Coal India’s (CIL) focus on scaling up solar power capacity addition, as an alternative green energy source, the company’s capital expenditure on solar initiatives shot up to Rs.961 Crores ending January FY 2026. This is 132% target satisfaction against the progressive target of Rs. 729 Crores till January 2026. In the process, it had also surpassed FY 2026, capex target, under solar projects, which was pegged at Rs.957 Crores.

TCS

Tata Consultancy Services(TCS) and AMD a leader in high performance and AI computing, have expanded their strategic collaboration. TCS, through its subsidiary HyperVault AI Data Center Limited (HyperVault), and AMD will co-develop a rack-scale AI infrastructure design based on the AMD “Helios” platform in support of India’s national AI initiatives.

NBFCs

In a move that could support stronger credit expansion, the Reserve Bank of India (RBI) has restored the use of default loss guarantees (DLGs) for non-bank lenders, rolling back last year’s curbs that had forced them to make higher provisions on loans sourced through fintech partners.

Titagarh Rail

Titagarh Rail Systems expects clarity on its Italian associate Firema Trasporti by the end of the current fiscal year, while continuing to scale its passenger rail business supported by a large order book and upcoming train projects, Vice Chairman and Managing Director Umesh Chowdharysaid.

Va Tech Wabag

Company has incorporated a Subsidiary Company in the name of “GHAZIABAD BIOENERGY PRIVATE LIMITED” as a joint venture entity in partnership with PEAK Sustainability Partners LLP (“PEAK”). Special Purpose Vehicle established to execute the Compressed Bio Gas (‘CBG’) project on Build-Operate-Transfer (‘BOT’) basis at Dundaheda, Ghaziabad, Uttar Pradesh

Texmaco Rail

M/s. Mumbai Railway Vikas Corporation Ltd. has awarded an order of Rs. 219.18 crores for Design, Supply, Installation, Testing and Commissioning of Signaling equipment/gears in connection with Construction of Proposed line in Mumbai Suburban under (MUTP IIIA).

Highway Infrastructure

Highway Infrastructure Limited has received the Letter of Acceptance (LOA) of Rs. 154.59 crore for operations at Moti Naroli Fee Plaza in Gujarat. The Letter of Award (LoA) was issued by National Highways Authority of India (NHAI) on 16th February, 2026.

Lupin

Lupin Limited announced that it has signed a licence and supply agreement with Spektus Pharma (Spektus), a specialty pharmaceutical company to commercialize the novel antidepressant DeslaFlex in Canada. DeslaFlex is an innovative antidepressant formulation developed by Spektus using the proprietary Flexitab oral drug-delivery platform. This strategic partnership combines Lupin’s strong commercial footprint in Canada and Spektus’s capabilities in developing differentiated, novel formulations to successfully introduce DeslaFlex and establish a robust platform for future launches. The collaboration further strengthens Lupin’s CNS portfolio with physician-endorsed, value-added therapies, well aligned with a supportive regulatory environment.

JSW Infrastructure

The company’s board will meet on February 20 to consider a proposal to raise funds through the issuance of equity shares via a qualified institutional placement (QIP), rights issue, or any other permissible method, or a combination thereof.

TVS Supply Chain Solutions

The company has signed a Memorandum of Understanding (MoU) with ALA Group, an Italy-based global aerospace and defence supply-chain integrator, to collaborate on opportunities in India’s rapidly expanding aerospace and defence sectors.

Seamec

The company’s vessel, SEAMEC PRINCESS, has been charter-hired by Supreme Offshore Construction & Technical Services for operations in ONGC’s oilfields on the west coast of India. The vessel will carry out SAT diving and air diving jobs under a contract awarded by ONGC. The total value of the contract is approximately US$ 0.46 million.

Delhivery

The company has announced a strategic partnership with electric mobility startup RIDEV (ANV Web Ventures) to deploy 150 high performance electric vehicles (EVs). The deployment is scheduled over the next three months across Northeast India, Bengaluru, and Hyderabad.

Jindal Steel

The company’s arm, Skyhigh Sustainable, is set to acquire 4.87% voting rights in the company.

NTPC

The company starts operations for an additional 5 MW of its Bhilai Solar Project, bringing the group’s commercial capacity to 86,729 MW.

Zydus Wellness

CEO Tarun Arora increases his stake in the company to 15% after purchasing an additional 4% stake.

Federal Bank

Federal Bank Ltd. board on Monday approved preferential allotment of shares to Blackstone Inc., the world’s largest alternative asset manager, as part of the Rs 6,200-crore investment deal secured in October last year. The Kerala-based bank has issued over 27 crore warrants via a preferential allotment to Blackstone’s Singapore-based affiliate Asia II Topco XIII Pte. Ltd. for Rs 227 apiece

Source: HSL Prime Daily, 17 Feb 2026