News Highly Sensitive to Stock Price: March 11

HG Infra

H.G. Infra Engineering announced that it has secured an order worth Rs 401.33 crore from Anuppur Thermal Energy (MP) in Madhya Pradesh. The total value of the order stands at Rs 401.33 crore (including GST) and the project is expected to be executed within 18 months.

Godavari Biorefineries

Company said that its Japanese patent application No. 2022-568620, titled Use of Compounds for Treating Viral Infections, has been granted by the Japan Patent Office. The invention relates to the use of compounds for the inhibition of V-ATPase activity in a cell and further discloses methods for treating viral infections using these compounds. This grant strengthens intellectual property protection in Japan and adds value to the portfolio covering anti-viral therapeutics.

InterGlobe Aviation

Pieter Elbers has resigned as Chief Executive Officer, effective March 10. Rahul Bhatia, Managing Director, will assume management responsibilities on an interim basis.

Coal

India anticipates increased reliance on coal power this summer. Tight liquefied natural gas supplies are impacting generation plans. Power companies have not bid for gas-based power. The government is preparing coal plants for higher output. India has ample capacity from coal, nuclear, hydro, and wind to meet demand.This shift ensures electricity availability for consumers.

Oil and Gas

India is securing additional liquefied natural gas supplies from sources outside the Middle East.

JSW Steel Ltd.

JSW Steel reports a consolidated crude steel production of 23.66 lakh tonnes for February 2026, reflecting a 1% year-over-year decline due to the ongoing shutdown of Blast Furnace 3 for capacity upgrades.

Eicher Motors

VE Commercial Vehicles (VECV) on Tuesday announced the appointment of B Srinivas as the Managing Director and CEO with effect from April 1 to spearhead the next phase of the company’s growth. Srinivas will replace Vinod Agarwal, who is also the vice chairman of Eicher Motors Limited (EML)

Fertiliser companies

The government on Tuesday said fertiliser plants have been placed under ‘Priority Sector-2’ for natural gas supply, thus guaranteeing them at least 70 per cent of their average natural gas consumption to ensure domestic production of key soil nutrients remains insulated from global supply disruptions triggered by the ongoing conflict in West Asia.

Aditya Birla Capital

Aditya Birla Capital has invested Rs 750 crore in the equity shares of its wholly owned subsidiary Aditya Birla Housing Finance Ltd on a rights basis.

TVS Supply Chain

TVS Supply Chain Solutions has set up a 40,000 sq. ft. warehouse in Mannur village to strengthen Caterpillar India Pvt Ltd’s global supply chain operations.

RNIT AI Solutions

Board will consider issuance of equity shares to strategic investors on apreferential basis on March 13, 2026. RNIT AI Solutions Limited has received a Notification of Award (NoA) from Andhra Pradesh Technology Services Limited (APTSL), for Design, Development and Maintenance of modules for the Commissionerate of Collegiate Education (CCE), Government of Andhra Pradesh. The order is valued between Rs 1 crore to Rs 10 crore.

Imagicaaworld

Imagicaaworld Entertainment Limited announced that’s its wholly owned subsidiary Imagicaa Next Pvt. Ltd., has signed a Letter of Intent to launch its first Hello Park location in India at Lake Shore Y Junction in Hyderabad. This partnership marks the first location for the Hello Park chain in India, with Imagicaa Next planning to roll out multiple parks across key urbanmarkets.

Tamilnadu Petroproducts

Company said that there is revision in the Project Cost for expansion of LAB plant from Rs 310 Crore to Rs 365 Crore and HCD plant from Rs 214 Crore to Rs 237 Crore on account of escalation in the cost including foreign exchange fluctuations and other incidental factors dueto efflux of time. Setting up of 2 downstream units in the HCD Plant at an estimated cost of Rs 90 Crore. These units are expected to be completed within 18 months upon receipt of regulatory and other requisite approvals. Funding for these projects would be met from internal accruals and borrowings based on the business conditions at the time of implementation.

Jal Jeevan Mission

The Union cabinet on Monday approved the extension of the Jal Jeevan Mission (JJM) until December 2028, with a revised total outlay of Rs 8.69 lakh crore, as the government seeks to shift the rural drinking water programme from infrastructure creation to a service delivery–driven model under JJM 2.0.

Ashoka Buildcon

Ashoka Buildcon Limited announced receipt of Provisional Certificate for completion of 52.885 KMs out of 53.315 KMs total project stretch for its NHAI highway project in Karnataka. The company declared February 28, 2026 as Commercial Operation Date for additional 2.68 KMs stretch.

Kirloskar Oil Engines

Kirloskar Oil Engines (KOEL) announced that Atul Kirloskar, the Chairman of the Board, will retire from his position, effective 31 March 2026 (close of working hours), on reaching the retirement age of 70 years. As part of the succession planning process of the Company, the following transitions are planned. The Board of Directors has appointed Rahul Kirloskar, currently a Non Executive Director of the Company, as the Chairperson. The Board has also appointed Gauri Kirloskar, currently the Managing Director of the Company, as Vice Chairperson, along with her current responsibility as the ManagingDirector of the Company.

Waaree Renewable Technologies

The company has signed a contract for the execution of engineering, procurement, and construction (EPC) works for a ground-mounted solar PV plant of 300 MWac / 420 MWp. The project is scheduled to be completed during FY 2027–28.

Arvind SmartSpaces

The company has acquired a new residential high-rise project in Whitefield, with a total estimated saleable area of around 2.5 lakh square feet and a topline potential of around Rs 330 crore.

Waaree Energies

The company’s subsidiary Waaree Solar Americas Inc has entered into a Share Subscription Agreement with United Solar Holdings Inc for the subscription of approximately 53,68,551 Series B preferred shares of USH for $30 million.

Central Bank of India

The bank has renewed its co-lending partnership with Capri Global Capital to offer loans at competitive rates. The participation of both entities in this arrangement will lead to greater portfolio expansion for Central Bank of India and Capri Global Capital.

Hindustan Zinc

The company has signed a Memorandum of Understanding (MoU) with CMR Green Technologies, India’s leading non-ferrous recycling company, to establish a zinc alloy manufacturing facility at Zinc Park. This is the second major partnership for Zinc Park, following Hindustan Zinc’s earlier MoU with Tripura Group

Adani Enterprises

The company’s subsidiary Adani Road Transport has completed the acquisition of the remaining 49% equity shares of D P Jain TOT Toll Roads, along with 100% optionally convertible redeemable preference shares. With this acquisition, DPJ TOT has become a wholly owned subsidiary of Adani Road Transport

Polycab India

The Income Tax Authority has reduced the tax demand against Polycab India to Rs 57.58 crore, down from Rs 327.47 crore, for the Assessment Year 2024–25.

VIP Industries

The Board has approved the appointment of Rahul Poddar as Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 11. Manish Desai has relinquished his position as CFO and KMP, effective March 10, and will assume a new role within the organisation.

Brigade Enterprises

Brigade Group has announced its entry into industrial real estate with the launch of Brigade Industrial Park, a 25-acre industrial development in Devanahalli. The development will offer approximately 2 million square feet of leasable space.

Source: HSL Prime Daily, 11 March 2026