News Highly Sensitive to Stock Price: March 02

Niva Bupa

The Insurance Regulatory and Development Authority of India (IRDAI) conducted an inspection of the company in February 2025 and issued its observations. On February 26, 2026, IRDAI issued a Show Cause Notice (SCN), and the company is in the process of submitting its response. The SCN relates to the business and operational aspects of the company. Further, IRDAI has also issued a Letter of Advice on certain matters, recommending compliance measures. The company stated that there is no impact on its financial, operational, or other activities at this stage.

VST Tillers

Power tiller & tractor sales surge 36% to 4,435 units in Feb 2026 Vs 3,260 units in Feb 2025. Power tillers sales zoom 34.2% to 3,963 units Vs 2,952 units Tractors sales spike 53.2% to 472 units Vs 308 units YoY

Sarda Energy & Minerals

Sarda Energy & Minerals Ltd. Announces that the Supreme Court has rejected all appeals against the approval of its Resolution Plan for the acquisition of SKS Power Generation Ltd.

Monthly Automobile sales volume

Bajaj Auto

KTM AG, a step-down subsidiary of Bajaj Auto Ltd, has secured a €550 million refinancing loan from an international banking consortium to refinance its existing debt with Bajaj Auto International Holdings B.V. The refinancing loan is unsecured, has a 5-year term, and bears interest in the low to mid-single-digit percentage range.

Mahindra & Mahindra

Mahindra Group is targeting a 25 percent market share in the rotavator segment. This expansion is driven by increasing farm mechanization and new technologies. The rotavator market this year is expected to be around 2.60 2.70 lakh and the group is expected to clock around 50,000 unit sales in this period.

Central Bank of India

State-owned Central Bank of India announced that it has entered into a distribution agreement with Canara Robeco Asset Management Company Ltd (CRAMC) to offer mutual fund products to its customers.

MOIL

MOIL Ltd. Announces a 5% price increase for all Ferro grades of manganese ore with Mn content of 44% and above, effective February 1,2026.

Vedanta Ltd.

Vedanta Ltd. Is declared the Preferred Bidder for the Karnapodikonda bauxite block in Odisha following a successful bid in the recent e-auction.

Indian Metals and Ferro Alloys

IMFA announces the completion of its acquisition of the Ferro Chrome plant from Tata Steel Ltd. Located in Kalinganagar, Odisha. This strategic move aims to enhance the IMFA’s growth by expanding its Ferro Chrome business capacity and leveraging cost synergies from its proximity to captive mines.

GAIL (India) Ltd

GAIL (India) Ltd has approved an investment of Rs 1,736.25 crore to set up a 178.2 MW wind power project in Maharashtra, expanding its renewable portfolio as it targets net zero carbon emissions by 2035. The project will add to its existing wind and solar capacity. GAIL aims to raise renewable capacity to 3.4 GW by 2035 and is also investing in green hydrogen and compressed biogas.

Oil and Gas

Key members of the OPEC+ oil cartel announced a greater-than expected increase to production quotas on Sunday following US and Israeli strikes on Iran that triggered retaliation by Tehran across the Middle East.

Savita Oil

Savita Oil Technologies Limited has announced the successful commissioning of Phase 2 of its Synthetic Ester manufacturing plant at its facility in Mahad. This multipurpose plant designed to manufacture Synthetic Esters for Transformer Fluid applications, will also have the capability to manufacture Synthetic Esters for high performance Automotive and Industrial Lubricants.

GRSE

Garden Reach Shipbuilders and Engineers Ltd (GRSE) has further reinforced its position in India’s naval shipbuilding ecosystem with the commissioning of INS Anjadip, the third Anti-Submarine Shallow Water Craft (ASW SWC), into the Indian Navy.

Aurobindo Pharma

United States Food and Drug Administration (US FDA) inspected Unit-I, a Formulation manufacturing facility, of Eugia Pharma Specialities Ltd., a wholly owned subsidiary of the Company, at Kolthur Village, Shameerpet Mandal, Ranga Reddy, Telangana, from February 16 to February 27, 2026. The inspection concluded with four observations. Company will respond to the US FDA within the stipulated timelines.

Globe Civil Projects

Globe Civil Projects announced that it has been identified as Lowest Bidder in the tender process for a construction project floated by the Indian Institute of Technology Delhi. The project pertains to the construction of a Residential Building (3B+G+11) including allied services at the IIT Delhi Extension Campus. The total project value stands at Rs 98.85 crore, with a stipulated completion period of 18 months. The formal Letter of Award is expected to be issued in due course.

Quality Power

Quality Power Electrical Equipments Limited has received multiple purchase order for the Supply of HVDC Reactors. Gross value of the order is at Rs 34 crore (incl. taxes) and to be executed in the next 18 months.

Abbott India

Abbott announced a strategic collaboration with Novo Nordisk India to commercialize Extensior for people living with type 2 diabetes. This partnership leverages Novo Nordisk’s scientific leadership in GLP-1s and Abbott’s strong distribution network to expand access in India to a high-quality, evidence-based diabetes therapy, beyond regions Novo Nordisk currently serves. Extensior is a second brand of Ozempic, the world’s most prescribed GLP-1 RA (receptor agonist) molecule. Extensior is approved as an adjunct to diet and exercise for adults with type 2 diabetes and is a GLP-1 RA recognized for offering the broadest range of benefits for people with this condition.

Caplin Point Laboratories

Caplin Steriles Limited, a Subsidiary Company of Caplin Point Laboratories has been granted final approval from the US FDA for its ANDA Desmopressin Acetate Injection USP, 4 mcg/mL single-dose vials and 40 mcg/10 mL (4 mcg/mL) multiple-dose vials, a generic therapeutic equivalent version of the Reference Listed Drug (RLD) DDAVP (desmopressin acetate) Injection, 4 mcg/mL of Nordic Pharma Inc., (NDA 018938). Desmopressin Acetate Injection is used to treat conditions like haemophilia A, von Willebrand disease, and central diabetes insipidus, helping to manage bleeding and regulate urine production. According to IQVIATM (IMS Health), It had US sales of approximately US$ 26 million for the 12-month period ending December 2025.

Concord Control

Concord Control Systems Limited received an order of KAVACH 4.0 through Progota India Private Limited, an Associate Company. The order is valued at Rs 53.73 crores

Zydus Lifesciences

Zydus Lifesciences Limited announced that the pivotal Dahlia pharmacokinetic study (PK study) has successfully met its primary study objective. The randomized, double-blind, multi-centre clinical PK study demonstrated pharmacokinetic equivalence (bioequivalence) of FYB206 (pembrolizumab) with the oncology blockbuster drug Keytruda. Zydus has in-licensed FYB206, a proposed biosimilar to immuno-oncology therapy Keytruda (pembrolizumab), exclusively from Formycon AG for the US and Canadian markets. FYB206 represents the absolute cornerstone of strategic entry into the complex North American immuno-oncology market. The company is working closely with the regulatory authorities to make available as soon as possible after the exclusivity of the reference drug expires.

Astra Microwave Products

Company aims to demerge Space, Meteorology & Hydrology Business into a Separate Listed Entity. The proposed restructuring will result in the creation of two independent listed companies: Astra Microwave Products Limited: Focused exclusively on the Defence and Aerospace sector. Astra Space Technologies Private Limited (ASTPL): Focused on Space, Meteorology and Hydrology businesses. In the Meteorology and Hydrology segment, Astra has supplied a large number of Automatic Weather Stations (AWS), Agro meteorological stations, various meteorological sensors, Doppler Weather Radars, Wind Profiler Radars and Avalanche Radars for government missions of IMD, ISRO, WRD, CWC, NIOT, INCOIS and IITM. Astra has also established a presence in international markets, supplying AWS systems to Nepal, Bangladesh and Bhutan. Over the last 20 years, the Company has executed cumulative contracts worth over Rs 330 crore in this segment and has an order book of Rs 285 crore to be executed by FY28.

HG Infra

H.G. Infra Engineering (HGINFRA) has received a Letter of Award from the National Highways Authority of India for a major highway project in Odisha. The project will be executed under the Hybrid Annuity Mode. While the estimated project cost is Rs 1,827.33 crore, HGINFRA’s bid project cost stands at Rs 1,582.11 crore, excluding applicable GST. The construction period for the project is 910 days.

Bharat Coking Coal

Feb 2026 YoY: Total production of raw coal rises 0.1% to 3.50 million tonnes Vs 3.49 million tonnes (MT). Coking coal production falls 1.6% to 3.26 MT Vs 3.31 MT. Non-coking coal production grows 30% to 0.24 MTVs 0.18 MT. Offtake (raw coal) declines 28.7% to 2.16 MT Vs 3.02 MT

Brigade Enterprises

The company has launched a residential project Brigade Stellaris in Chennai, with a gross development value of Rs 1,700 crore. The project will be developed on a 5.19-acre prime land parcel.

Source: HSL Prime Daily, 02 March 2026