News Highly Sensitive to Stock Price: March 13

Manorama Industries

The board has approved raising funds of up to Rs 500 crore through the issuance of equity shares, non-convertible debt instruments along with warrants or other convertible securities, via a qualified institutional placement or any other method.

Kalpataru Ltd

Kalpataru Limited announced the signing of a prestigious redevelopment project of Shree Mahalaxhmi CHS at a prime location off Veera Desai Road, Andheri West. The project spans ~3 acres of prime land with a total potential ~0.4 msf carpet area and estimated Gross Development Value (GDV) of around Rs. 1,400 crore.

Balaji Amines

Balaji Amines is currently experiencing significant logistics disruptions in the procurement of ammonia, one of the key raw materials used in the manufacture of methylamines, ethylamines, and their derivatives, due to the ongoing war in the Middle East region. The situation has arisen due to the non‑availability of ammonia.

The disruption has adversely affected the supply of Liquefied Natural Gas (LNG) — a key input used for the production of ammonia by most fertiliser manufacturers in India. Consequently, several ammonia manufacturers have expressed their inability to supply the product during this period due to force majeure conditions.

Telecom

India is advancing towards 6G technologies. The government has approved 104 projects valued at Rs 271 crore for research and development. This initiative is part of the Bharat 6G Vision, aiming to position India as a global leader by 2030. The government is also establishing 5G Use Case Labs and supporting test beds to foster innovation and build future capabilities.

GAIL

GAIL Gas Ltd assures Bengaluru of uninterrupted piped natural gas (PNG) supply for industries, hotels, and eateries, stating no shortage exists. The company is expanding its network and encourages a shift to PNG, highlighting its efficiency and sustainability. A recent notification aims to rationalize usage by capping industrial supply at 80% of average consumption, with additional volumes billed differently.

Biocon

Biocon Pharma Limited, a wholly-owned subsidiary of the Company, has received approval from the US FDA for its ANDA for Liraglutide Injection (Victoza), 18 mg/3 mL (6 mg/mL), Single-Patient-Use Prefilled Pens. Liraglutide is indicated for the treatment of insufficiently controlled Type-2 Diabetes Mellitus in adults, adolescents and children aged 10 years and above, as an adjunct to diet and exercise.

This follows the approval for Liraglutide injection (Saxenda) that was received, and will further strengthen Biocon’s portfolio of vertically integrated, complex drug products.

Aarti Industries

Company secured large Medium Term Supply Contract with Global Agrochemical Major. It is a multi-year supply agreement with a top global agrochemical innovator for the supply of a critical agrochemical intermediate used in crop protection formulations. The agreement elevates the current annual engagement to a structured supply contract through 31st March 2030, with a significant increase in volumes. The agreement is expected to generate revenue of approximately US$ 150 million over the contract period, providing AIL with enhanced revenue visibility in the medium to long term.

ACME Solar

ACME Sun Power Private Limited, has commissioned the second phase of 33.335 MW/160.51 MWh out of 300 MW/1409.34 MWh capacity of Battery Energy Storage System (BESS) Project. With this, ACME Sun Power Private Limited has achieved a commissioned capacity of 66.67 MW / 320.99 MWh out of 300 MW/1409.34 MWh.

Quadrant Future

Quadrant Future Tek Limited has been actively engaged in design and development of Train Collision Avoidance System (KAVACH, now called as Indian Railways Automatic Train Protection (IR-ATP) system) for Indian Railways. Company has entered the final phase of securing the final RDSO Clearance for Kavach 4.0. Field trials for its indigenously developed IR-ATP (Automatic Train Protection) system. The validation framework incorporates CENELEC SIL-4 safety compliance. Successful completion of this phase shall pave the way for formal clearance and approval by Indian Railways.

As on February 28, 2026, the company had an executable order book for Rs. 898 crore (including GST) out of which Rs. 613 crore for Supply, Installation, Testing and Commissioning of Onboard KAVACH Equipment in 768 locomotives / EMUs received directly from Indian Railways and to be delivered in FY27. Further, the order book for Supply, installation and commission of KAVACH equipment in the designated railways track of 1,109.2 RKM received from RailTel Corporation of India Limited stands at Rs. 284.8 crore.

Sigma Advanced

Sigma Advanced Systems Limited has completed the divestment of its entire 36.52% equity stake in Extrovis AG, a Switzerland-based pharmaceutical company. The transaction has generated US$ 15 million (Rs 137.6 crore), providing the company with additional financial flexibility as it accelerates the expansion of its aerospace and defence business. The divestment forms part of portfolio rationalisation strategy, and the company has transformed into a pureplay aerospace and defence platform.

By exiting a non-core pharmaceutical investment, Sigma is freeing up capital that can now be deployed toward strengthening manufacturing capabilities, pursuing strategic acquisitions, and enhancing its presence across global defence and aerospace supply chains.

Adani Energy Solutions

Adani Transmission Step One Limited (“ATSOL”), a wholly owned subsidiary of Adani Energy Solutions Limited (“AESL”), has outstanding U.S.$500,000,000 Senior Secured Notes due July 2026 (“Existing Notes”).

ATSOL Global IFSC Limited, a wholly owned subsidiary of ATSOL incorporated in GIFT City, has executed a Note Purchase Agreement for the issuance of U.S.$500,000,000 Senior Secured Notes due 2041 (the “Proposed Notes”) to fully refinance ATSOL’s Existing notes.

Wanbury

Wanbury Limited (WL) said that: 1. Sertraline Form II approval received from ANVISA, BRAZIL. This is in addition to Sertraline hydrochloride Form 1 approval that Wanbury already has. WL currently hold 75% market share for sertraline in Brazil’s market. Approval for Form II, will help in further consolidation company’s share of business.

WL has received approval from one of the largest customer for a special grade of metformin DC grade with potential business opportunity to be estimated around Rs 15 crore per annum. Both the API manufacturing sites i.e. Patalganga and Tanuku of WL are continued to be compliant as per cGMP Rules and Regulations.

Power Grid

Power Grid Corporation of India Limited, pursuant to its selection as the successful bidder under Tariff based competitive bidding, acquired NES Pune East New Transmission Limited, the Project SPV to establish “Network Expansion scheme in Maharashtra for removal of Transmission constrains in Pune Region-I (765/400 kV AIS Pune East)”, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – PFC Consulting Limited (PFCCL).

The project comprises establishment of an AIS Substation in Ahilyanagar District, 765kV and 400kV transmission lines traversing in the state of Maharashtra and bay extension works at existing Sub-Stations in the state of Maharashtra.

JK Lakshmi Cement

The company has been declared the ‘preferred bidder’ for the mining lease of the Juipahar New Umrangso Limestone Block (A and B) in Assam. The limestone blocks (A and B) are spread over an area of 405 hectares.

Additionally, the board has approved the acquisition of a 77.96 percent equity shareholding in NECEM Cements.

Max Financial Services

The board has approved fund-raising worth Rs 2,000 crore via a qualified institutional placement (QIP) or any other method.

The proposed utilisation of the funds is primarily to meet the funding requirements of its material subsidiary, Axis Max Life Insurance, to support its business growth and expansion plans, with the balance to be used for general corporate purposes.

KPI Green Energy

The company has energised an additional 35 MWp of solar capacity, taking its total operational IPP capacity to 589 MWp. With projects currently in hand, the company remains well on track to commission an additional 1,582 MWp in the near term, which will expand its total IPP portfolio to 2.17 GWp.

Gravita India

The recycling company has signed definitive agreements for the acquisition of a 98.95 percent stake in Rashtriya Metal Industries for Rs 559.08 crore. The transaction is expected to be closed by March 31, 2026.

Action Construction

The company has executed a joint venture agreement with Kato Works, Japan. The collaboration is expected to enhance product competitiveness by improving performance and cost efficiency, while also enabling the partners to address new growth opportunities across domestic and international markets.

Natural Capsules

Natural Biogenex Private Limited, a subsidiary of Natural Capsules Limited, has executed definitive Framework and Contract Manufacturing Agreements with Fermbox Bio Private Limited to jointly advance fermentation-based Contract Development and Manufacturing (CDMO) services. Under this collaboration, Fermbox will provide advanced fermentation technology and equipment placement of up to Rs 60 crore at NBPL’s facility in Tumkur, while NBPL will undertake licensed manufacturing, quality assurance and regulatory compliance.