News that may have an impact on prices of some stocks today

Torrent Green Energy gets LoA for 300 MW Wind power project

Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power Limited has emerged as successful bidder under competitive bidding and has received Letter of Award (LoA) from Solar Energy Corporation of India (SECI) for setting up of 300 MW Wind power project under Wind Tranche-XVIII. The project, with a tariff of Rs 3.97 per unit is to be commissioned within 24 months from the date of execution of the PPA, with an estimated investment of about Rs 2,650 crore. With this Project, Torrent’s renewable capacity under development increases to 3.3 GWp. Aligning with its sustainability commitments and the Government’s target of achieving 500 GW of non-fossil fuel capacity by 2030, Torrent continues to expand its Renewable portfolio.

NBCC gets new orders of Rs 518.5 crore

The company received nine different work orders across four states aggregating to Rs 518.5 crore.

Promoter Bhartia family to sell shares of listed Jubilant companies

The Bhartia family of Jubilant Bhartia Group are likely to sell shares in three of its listed entities — Jubilant FoodWorks Ltd, Jubilant Ingrevia Ltd and Jubilant Pharmova Ltd – through block deals. The proposed sales include up to 13.2 million shares of Jubilant FoodWorks, 12 million shares of Jubilant Ingrevia, and 5.6 million shares of Jubilant Pharmova.

Reliance Industries sells shares of Asian Paints

Reliance has announced that 3.50 crore equity shares of Asian Paints held by the company through Siddhant Commercials Limited have been sold at a price of Rs 2,201 per share leaving a balance of 87 lakh equity shares of Asian Paints.

HCL Tech gets contract from Volvo

HCL Tech announced that Volvo Cars has chosen the company as one of its strategic suppliers for engineering services. Volvo Cars has been at the forefront of automotive innovation for many years and has set out to shape the future of mobility with strong ambitions on sustainable growth, as it seeks to offer clients the freedom to move in a personal, sustainable and safe way.

Indian Oil planning to set in new terminal in Andaman & Nicobar

Indian Oil Corporation (IOC) is planning to set up a new POL (Petroleum, Oils and Lubricants) terminal in Andaman and Nicobar Islands, at a time when the fuel demand in the region is seen as rising, with an aim to operationalise the facility in five years.

GIC affiliate offloading 3.6% stake in Genus Power through block deal

Chiswick Investment Pte. Ltd, an affiliate of Singapore sovereign wealth fund GIC, has launched a block deal to offload a 3.6% stake in Genus Power Infrastructures Ltd, with an option to increase the sale by an additional 2.28%. The base deal is valued at approximately Rs 400 crore, with an upsize option of Rs 250 crore, taking the total potential transaction size to Rs 650 crore. The floor price has been set at Rs 360 per share, representing a 6.5% discount to the stock’s last closing price.

DCM Shriram to acquire Hindustan Specialty Chemicals for Rs 375 crore

DCM Shriram Ltd’s board has given the approval to sign a definitive agreement to acquire full ownership of Hindusthan Specialty Chemicals Ltd for Rs 375 crore. This move positions DCM Shriram for strategic expansion into the Advanced Materials segment, unlocking synergies with its existing chemicals portfolio, subject to regulatory and customary approvals. It is an unlisted subsidiary of Hindusthan Urban Infrastructure Ltd, operates a modern production facility at Jhagadia, Bharuch, Gujarat. HSCL reported a turnover of Rs 274 crore, with a Liquid Epoxy Resin capacity exceeding 17,000 KTPA. Its advanced product portfolio includes liquid epoxy resins, hardeners, reactive diluents, solvent cuts, and formulated resins, catering to high-performance sectors such as aerospace, electronics, renewable energy, electric vehicles, defence, and composites.

Crompton Greaves gets LoA for 4500 off-grid solar water pumping systems

Company has received a Letter of Award from Maharashtra Energy Department Agency, for design, manufacture, supply, transport, installation, testing and commissioning of 4500 Off-grid Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Maharashtra under the esteemed MNRE Component-B of PM-KUSUM scheme. It is valued at Rs 100.7 crore (excl. GST).

NTPC unit-3 at Barh Super Thermal Power project successfully completes trial operation

NTPC said that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1 (3×660 MW) has successfully completed its trial operation. Following this, the unit has been added to the installed capacity of NTPC Limited. With this addition, NTPC’s total installed capacity now stands at 60,926 MW on a standalone basis and 82,028 MW at the group level.

SEPC gets new project of Rs 650 crore

SEPC secured Rs 650 crore solar EPC project under PM-KUSUM scheme from Parmeshi Urja Ltd (India Power subsidiary) for a 133 MW solar project across four Maharashtra districts. The execution timeline is 12-18 months.

Talbros Automotive gets new orders of Rs 580 crore

Talbros Automotive Components along with its JVs, won Rs 580 crore in multi-year orders across EV, export, and domestic segments. This includes around Rs 260 crore orders from its sealing business, including Rs 150 crore exports (mainly Europe) and Rs 80 crore for forgings. JV Marelli Talbros secured Rs 290 crore chassis orders (50% EV). Another JV, Talbros Marugo, got Rs 30 crore domestic orders for hoses and A/V, with commercialization from H2 FY26.

Sasken announces partnership with Microsoft MDEP

Sasken Technologies announced partnership with Microsoft MDEP, leveraging Borqs acquisition to offer advanced engineering for OEMs, accelerating development of secure, next-generation smart, IoT, and collaboration devices across global markets.

Dixon signs binding term sheet for JV with Signify Innovations

Dixon Tech entered into a binding term sheet with Signify Innovations India Ltd. to form a joint venture for carrying out business as an original equipment manufacturer of lighting products and accessories. Both companies will hold a 50% each of the equity share capital each. Dixon Tech will acquire its half of the stake in the JV via transfer of its lighting business, including its entire shareholding in Dixon Technologies Solutions Pvt, a subsidiary to the JV.

RBI approves Pralay Mondal’s appointment as MD & CEO of CSB bank

The Reserve Bank of India (RBI) has approved the reappointment of Mr. Pralay Mondal as managing director and CEO of the bank for a further period of three years, effective September 15, 2025.

Anupam Rasayan signs master purchase agreement with Japanese customer

Anupam Rasayan India Ltd. signed a long-term Master Purchase Agreement (MPA) with Japan-based Multinational Conglomerate., a global leader in fluorochemicals and advanced technology solutions. The agreement establishes comprehensive terms governing the customer’s purchase of specialty chemicals from Anupam Rasayan, marking a significant milestone in Anupam’s strategic expansion into the Japanese market. Anupam is working with this Japanese Multinational conglomerate to supply multiple niche molecules used in across diverse applications, including semiconductor, data centre, electronics and more.

ICRA board approves acquisition of Fintellix India for $26 million

The Board of ICRA has approved the acquisition of 100% shareholding in Fintellix India Private Limited (Fintellix) for a consideration of US$ 26 million. Fintellix, a product-led company based in Bengaluru, specialises in risk, supervisory, and data analytics solutions, offered on its proprietary data platform. It had registered revenue of Rs 87.7 crore/Rs 76 crore in FY23 and FY24 respectively.

Jubilant Pharmova to sell & transfer its API business to Jubilant Biosys

The company approved sale and transfer of company’s active pharmaceutical ingredients business to arm (Jubilant Biosys). The active pharmaceutical ingredients business achieved revenue of Rs 609 crore representing 8.35% of consolidated turnover for FY25.

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Source: HDFC Securities Prime Research