Ultratech, India Cements among stocks that may see price movement today, 21st August

RailTel gets new order of Rs 34.99 crore

RailTel Corporation of India Ltd. has received the work order from Kerala State Information Technology Mission for Projects O&M of SDC amounting to Rs 34.99 crore (Excluding Tax). Company has received the work order from Higher Education Department, Govt. of Odisha for work order worth Rs 15.42 crore (Including Tax).

Popular Vehicles & Services subsidiary acquires BharatBenz dealership operations in Punjab, from Globe CV

Popular Vehicles & Services Limited announced that its 100% step-down subsidiary, Prabal Motors Pvt. Ltd., has successfully executed a Business Transfer Agreement (BTA) to acquire the BharatBenz dealership operations from Globe CV Private Limited in Punjab. With this transaction, Prabal Motors will operate eight facilities spread across key cities of Punjab. Out of the eight facilities, seven are integrated 3S outlets (Sales, Service and Spare Parts), while one is dedicated to after-market spare parts. The acquisition includes the transfer of entire business units, including the new vehicle inventory, assets and manpower strength for a consideration of Rs 12 crore while the vehicle inventory is worth Rs 22 crore. In FY25, Globe CV reported revenue of Rs 250 crore.

RACL Geartech gets new order

Company has been awarded a long-term supply order for Transmission Gears for Premium Motorcycles from a Globally Indian manufacturer. This marks a significant milestone for the company, as it steps into Domestic Mass market of Motorcycle Industry, while maintaining core business strategy of premium segment.

Prostarm Info Systems emerges as L1 bidder for battery energy storage project

Prostarm Info Systems Limited has been declared as L1 bidder by Karnataka Power Transmission Corporation Limited (KPTCL) for setting up of 150 MW/300 MWh Standalone Battery Energy Storage System in the 400kV Doni Substation (at 220kV Voltage level) of KPTCL, Gadag District, Karnataka, With VGF (State Component) at rental of Rs. 2.54 lakhs/MW/Month (i.e. yearly rental of Rs. 45.72 crores on 150 MW/300 MWh) under Tariff Based Competitive Bidding (TBCB) mode and on Build Own Operate Basis for 12 Years.

Fortis Healthcare to open super specialty hospital in Lucknow

Fortis Healthcare signed an O&M agreement with the Ekana Group for 550 beds greenfield Super Specialty Hospital in Lucknow. This collaboration marks Fortis Healthcare’s third major presence in Uttar Pradesh, joining network hospitals in Noida and Greater Noida.

Ultratech to sell 6.49% stake in India cements

The company’s MPS Committee has approved the sale of up to 2.01 crore equity shares, representing a 6.49% stake in the India Cements Ltd, through a stock exchange mechanism. The floor price of the offer is set at Rs 368 per share. UltraTech Cement held 81.49 percent stake in India Cements at the end of the June quarter. After the stake sale, It will hold 75 percent stake in the company.

Jupiter Wagons gets new order of Rs 215 crore

The company’s arm Jupiter Tatravagonka Railwheel Factory has received a letter of intent for supply of total 5,376 wheelsets for Vande Bharat Train for an order value of ~Rs 215 crore.

Exide Industries makes additional investment of Rs 100 crore in Exide Energy Solutions

The company has invested an additional Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions, through a rights issue, bringing its total investment in the subsidiary to Rs 3,802 crore.

Godrej Properties emerges as highest bidder for 7.8 acre land parcel in Hyderabad

Godrej Properties Ltd. announced that it has participated in an e-auction conducted by the Telangana Housing Board (TGHB) for Residential Group Housing, where GPL has emerged as the highest bidder for ~7.825 acre land parcel in Kukatpally (KPHB), Hyderabad, with a total combined bid value of Rs 547.75 crore, according to the bid status intimation email issued by e-auction facilitator MSTC Limited. TGHB shall issue the allotment letter after following the due process. The land parcel is strategically located in a prime location in Kukatpally, in close proximity to HITEC City, and will offer an estimated revenue potential of ~Rs 3,800 crore comprising premium residential apartments of varied configurations.

Centum Electronics, BEL sign MoU

Centum Electronics Ltd has entered a Memorandum of Understanding (MoU) with Bharat Electronics Ltd (BEL). This MoU establishes a framework for strategic collaboration between Centum and BEL across defence electronics domains, with a focus on areas such as: – Electronic Warfare (EW) systems, Radar systems and Secure Military Communication systems.

Reliance Jio, Bharti end their low-cost plans

Mobile users in India will soon face higher costs for accessing data. Reliance Jio and Bharti Airtel have removed their low-cost plans. Vodafone Idea is expected to follow suit. Users will now need to opt for higher-priced 1.5 GB daily data plans. This move is projected to increase the average revenue per user for these telecom companies. Jio has discontinued its Rs 799 prepaid plan offering 1.5GB daily data with 84 days validity, following the removal of its entry-level 1GB per day plan. An upgraded Rs 899 plan with JioSaavn Pro is now available. This adjustment occurs amid broader telecom sector changes, with Airtel also increasing its recharge prices.

UK MHRA completes inspection of Baddi plant of Innova Captab with no adverse observation

The company has successfully completed the inspection of its Cephalosporin plant, Baddi, Himachal Pradesh conducted by the United Kingdom Medicines and Healthcare products Regulatory (UK MHRA) with noncritical & major observations.

Promoters to sell up to 24% stake in Clean Science and Technology

Promoters of Clean Science and Technology Ltd, Ashok Boob and Krishna Boob, are likely to sell up to 24% stake in the company through block deals. The share sale is expected to raise about Rs 2,626 crore, with a floor price set at Rs 1,030 per share, a 13% discount to the current market price.

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Source: HDFC Securities Prime Research