News Highly Sensitive to Stock Price: March 16

IDBI Bank

The strategic sale of IDBI Bank may stall as financial bids for the lender are lower than the floor price set by the government, people familiar with the matter said. An outright cancellation of the strategic sale of IDBI will make it harder for the government to realise its FY27 disinvestment and asset monetisation target of Rs 80,000 crore.

Tata Motors

Tata Motors has secured significant supply orders for over 5,000 buses and chassis from various state transport undertakings nationwide. These diverse orders, including Magna and Starbus models, will be deployed across multiple states for intercity and intracity operations.

Oil and Gas

State-owned oil marketing companies are considering paying refineries less than import-parity rates for petrol and diesel to curb mounting losses from a retail price freeze. This move could significantly impact standalone refiners like MRPL, CPCL, and HMEL, forcing them to absorb higher crude costs.

Coal India

Amidst the West Asia crisis impacting imported coal costs, Coal India Ltd (CIL) is committed to providing power at a “just price” to India. The company assures adequate domestic coal sufficiency with robust stockpiles at pitheads and power plants, ready to meet anticipated summer demand and ensure energy security.

Vodafone

Vodafone Idea is actively engaging with various investors, notably ST Telemedia and JSW Group, to explore a potential equity partnership. Following a recent financial boost from the Indian government, the company is eager to attract strategic backers who can provide much-needed capital for its ambitious 5G rollouts.

HFCL

HFCL Limited has signed a significant five-year deal worth Rs 10,159 crore. The agreement is for supplying high-quality Optical Fiber Cables to a global multinational corporation. This landmark contract, running from 2026 to 2030, will be executed through HFCL’s overseas subsidiary.

BCCL

Bharat Coking Coal Limited (BCCL) in its meeting held on 13.03.2026 has approved the Termination of Contract Agreement with Loyabad Coalfields Private Limited for “Re-opening, Development & Operation of Loyabad Coal Mine on Revenue Sharing Basis”. The feasibility of the mine will be reviewed and further course of action will be decided accordingly.

Dilip Buildcon

Dilip Buildcon said it has secured a domestic order from Odisha Bridge & Construction Corporation (OBCCL) for the construction of a diversion road on the Duduka-Gopalpur-Toparia stretch in Sundargarh district. The contract, awarded on a general contract (L1) basis, is to be executed over 18 months and is valued at Rs 160.20 crore, excluding GST, the company said in a regulatory filing.

Va Tech Wabag

Va Tech Wabag has secured a letter of award from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project (CCRWSSP) for Greater Chennai City (GCC). According to the company’s project classification, the order is valued at more than Rs 1,000 crore.

Bondada Engineering

Bondada Engineering announced that it has received an order worth Rs 35.39 crore from Pratap Technocrats for the supply of 40-metre towers. The scope of work includes supply of 40M towers along with hardware, foundation bolts and foundation templates, the company said in a regulatory filing

Railtel Corp

RailTel Corporation of India said it has received two domestic orders worth about Rs 64.2 crore. The first order, valued at around Rs 34.29 crore, has been awarded by South Central Railway through Dy. CSTE/Projects/BZA for signalling and telecom arrangements. In a separate contract, the company has received an order worth about Rs 29.9 crore (including tax) from the Uttar Pradesh Police Recruitment and Promotion Board to provide security-related ancillary services during recruitment examinations.

JSW Steel Ltd

JSW Steel announces the launch of the Minas de Revuboe coking coal mining project in Mozambique marking a significant milestone in its global raw material strategy.

JK Lakshmi

JK Lakshmi Cement is declared the preferred bidder in the e-auction for the mining lease of the new Umrangso Limestone Block, covering an area of 200 hectares in Assam.

Adani Power

Adani Power Ltd (APL) has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply of 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects (USCTPP), at a tariff of Rs. 5.30/kWh

ACME Solar Holdings

ACME Solar Holdings Ltd (ACME Solar) through its various subsidiaries has commissioned 142.67 MW / 481.49 MWh of Battery Energy Storage System (BESS) in phase-1 out of its total planned BESS capacity of 585 MW/ 2011.24 MWhunderthese SPVs

Waaree Energies

Waaree Energies has announced that it will be establishing a 10 GW integrated Wafer-Ingot manufacturing Facility in Nagpur, at the estimated cost of Rs 6,300 Cr.

Prostarm Info Systems

The Company has received a Letter of Acceptance (LOA) from SAIL (Steel Authority of India Limited) for Supply, installation & commissioning of 2 MW (AC) Roof Top Solar PV System at various buildings of the Plant for 12 Months at 6.71 Crores price

Krystal Integrated

Krystal Integrated Services Limited has secured a three-year healthcare facility management mandate worth over Rs 364 crore from Tamil Nadu Medical Services Corporation Ltd. (TNMSCL), the state government agency responsible for procurement and operational support for public healthcare institutions across Tamil Nadu.

Jubilant Ingrevia

Company has entered into the Share Purchase Agreement with Remidex Pharma Private Limited for acquisition of its 100% stake. After acquisition Remidex will become wholly owned subsidiary of the Company. The acquisition would be done at Rs 16.5 crore. It had registered revenue of Rs 24.3 crore in FY25. It is one of the top players in the manufacture of multivitamin premixes for nutritional products and food products.

Monarch Surveyors

Monarch Surveyors and Engineering Consultants announced that it has received a work order for providing Consultancy Services for Preparation of Detailed Project Report (DPR) with Bidding Process and Assistance in Land Acquisition for Proposed Dam at Chavani, Taluka- Khalapur. District Raigad and the project have been awarded under a Joint Venture (JV), in which the Monarch Surveyors and Engineering Consultants Limited holds a 70% partnership stake. The total order value of the project is Rs. 4.99 cr.

Zydus Lifesciences

Zydus’ new drug discovery, Desidustat licensed to China Medical System Holdings receives approval from NMPA of China. Desidustat tablets, discovered and developed by Zydus, are a novel oral HIF-PHI approved for treating anaemia in non-dialysis adult CKD patients. The drug is administered orally, is therefore expected to improve the treatment compliance of patients and to meet the unmet treatment needs in the field of CKD anaemia. It is estimated that there are more than 120 million CKD patients in China.

Alkem Laboratories

In furtherance to earlier intimation dated 10th November 2025, cEU GMP inspection by German Health Authority at Alkem’s manufacturing facility at Baddi, India, now the Company has received a Certificate of GMP Compliance of a Manufacturer from the Department of Pharmacy (Human Medicines)– Germany, following the inspection conducted from 04th November, 2025 to 10th November, 2025. The said certificate is valid for a period of three years from the date of inspection.

Omnitech Engineering

Revenue for the quarter grew 81.6% YoY at Rs 134.4 crore. EBITDA was up 112.5% YoY and 17% QoQ at Rs 51.2 crore. Net profit was higher by 172% YoY at Rs 22.27 crore. Finance cost increased 34.7% YoY at Rs 10.1 crore.

InterGlobe Aviation

The company has introduced a fuel charge on domestic and international routes, effective March 14, due to the significant surge in fuel prices following ongoing geopolitical issues in the Middle East. IATA’s Jet Fuel Monitor indicates over an 85% increase in fuel prices for the region.

Airfloa Rail Tech

Company received a domestic order for supply of different items to be used in Railway Coaches. Total order value was at Rs 62.36 crore.

Data Patterns

Company said that it has received orders worth Rs 288 crore for supply of 32 units of Doppler Weather Radars from Indian Metrological Department.

Avenue Supermarts

The Board has approved the appointment of Kalpana Unadkat, Independent Director, as Chairperson of the company, effective April 1. Chandrashekhar Bhave, Chairman of the Board, will complete his second term as an Independent Director on May 16, 2026. Consequently, he will cease to be the Chairman, effective March 31, 2026.

Ramky Infrastructure

The company has announced the execution of a Concession Agreement between the Maharashtra Industrial Development Corporation (MIDC) and its subsidiary Maha Integrated Life Sciences City (MILeS City) for the development of a High-Tech Pharmaceutical Park at the Dighi Port Industrial Area in Raigad, Maharashtra.

Bajel Projects

The company has an EPC contract worth over Rs 700 crore from Maharashtra State Electricity Transmission Co. (MSETCL) for the establishment of a 400/220 kV AIS substation at Saswad, Pune, along with its associated transmission lines.

Voltas

The Assistant Commissioner of State Tax has initiated inspection proceedings at the company’s office premises in Mumbai on March 12, in respect of GST records pertaining to Maharashtra. The proceedings are ongoing, and the company is fully cooperating with the GST authorities. At present, there is no material impact on the financials, operations, or other activities of the company due to the aforesaid proceedings.

GMR Airports

The company has received a Letter of Award (LoA) from Delhi International Airport (DIAL), intimating that it has emerged as the selected bidder to upgrade, modernize, finance, operate, manage, and maintain Cargo Terminal 1 at the Indira Gandhi International Airport, New Delhi. The project is based on a revenue-share payment model to DIAL for an initial period of up to 2036, with an estimated revenue share of Rs 340 crore in the first full year of operations.

Source: HSL Prime Daily, 16 March 2026