🗞 BEAT THE STREET BULLETIN 🗞
Date: 04-Dec-24
📍 NEW ORDERS & CONTRACTS
- Pritika Auto: Starts commercial production of components (Intermediate Housing and Axle Housing) for a leading multinational tractor manufacturer in India. The business value is ₹11 Cr annually, with long-term visibility of 4-5 years.
- L&T Tech: Secures a $50 Mn multi-year agreement from a global network provider for product integration services in North America, focusing on secure LTE and 5G private networks.
- Alphalogic Ind: Wins ₹25.3 Cr order for storage racking systems for NTEx Transportation Services across Maharashtra.
- Sunrise Efficient: Secures its largest order for 800 SynchroPlus motors, with a strict 8-week supply timeline.
- DroneAcharya Aerial Innovations: Bags ₹70.8 lakh work orders from AgroCast Analytics Pvt. Ltd.
- Tembo Global: Wins a ₹44 Cr order.
- Rulka Electrical: Secures ₹3.84 Cr order.
- Killburn Eng: Wins ₹19 Cr order.
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📍 CORPORATE UPDATES & ANNOUNCEMENTS
- AstraZeneca Pharma: ITAT grants relief on corporate tax for FY17-18 and FY18-19, with a favorable impact of ₹35.01 Cr.
- Aurobindo Pharma: Clarifies it has no connection with Kakinada Seaports Ltd or Kakinada SEZ Ltd.
- Star Cement: Denies speculation of Adani Group's acquisition for NE expansion.
- Infosys: Partners with Kardex to transform business operations using SAP S/4HANA.
- Alembic Pharma: Receives tentative USFDA approval for Olopatadine Hydrochloride Ophthalmic Solution with a market size of $22 Mn.
- Eicher Motors (Royal Enfield): Opens its first overseas motorcycle assembly plant in Thailand.
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📍 STRATEGIC PARTNERSHIPS & AGREEMENTS
- Cyient DLM: Signs MoU with Arcedo Systems to establish a 500 kWp solar power plant at its Mysore facility.
- Lancer Container: Collaborates with Ocean Voyage Shipping Line LLC for vessel chartering and allied operations.
- Nazara Tech: Partners with Lysto to launch "The Growth Protocol," a blockchain initiative for gaming.
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📍 INFRASTRUCTURE & EXPANSIONS
- Organic Recycling: Expands its Research Innovation Centre to boost biomethanation and waste management advancements.
- Dynamic Services: Secures a "Mega Project" offer from Maharashtra to set up an 1800 MW solar PV panel manufacturing unit worth ₹1080 Cr.
- Royal Orchid: Opens "Regenta Inn Downtown Raipur," its first property in Chhattisgarh's capital.
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📍 RESTRUCTURING & OPERATIONAL SHIFTS
- RDB Infrastructure: Renamed from RDB Realty & Infrastructure Ltd., effective 04-Dec-24.
- Phoenix Mills: Restructures operations by transferring subsidiary shares to MDL.
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📍 FUNDRAISING UPDATES
- Bharat Forge: Launches QIP for fundraising with a floor price of ₹1,323.54/share.
- Eco Hotels & Resorts: Approves ₹45 Cr via rights issue.
- BN Rathi: Approves stock split in a 1:2 ratio.
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📍 REGULATORY & LEGAL UPDATES
- AIA Engineering: U.S. Department of Commerce imposes a 4.3% anti-dumping duty on certain high-chrome cast iron grinding media from India.
- Vimta Labs: CFO resigns, effective 10-Dec-24.
- Tirupati Tyres: MD and CEO resigns, effective 03-Dec-24.
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📍 STRATEGIC BUSINESS DEVELOPMENTS
- Quick Heal: Launches "Seqrite Malware Analysis Platform" and "Seqrite Threat Intel" to bolster cybersecurity.
- Mphasis: Opens Cyber Fusion Center in Bangalore to enhance global cybersecurity.
- Nazara Tech: Collaborates with Lysto to launch blockchain-powered gaming protocol.
---
📍 SECURITY & COMPLIANCE
- Blue Dart: Launches an affiliate program to drive innovation in logistics.
- Muthoot Microfin: Reduces lending rates by 25 bps on group loans and 125 bps on third-party product loans.
Stay Updated With
BEAT THE STREET 🚀🚀
Date: 04-Dec-24
📍 NEW ORDERS & CONTRACTS
- Pritika Auto: Starts commercial production of components (Intermediate Housing and Axle Housing) for a leading multinational tractor manufacturer in India. The business value is ₹11 Cr annually, with long-term visibility of 4-5 years.
- L&T Tech: Secures a $50 Mn multi-year agreement from a global network provider for product integration services in North America, focusing on secure LTE and 5G private networks.
- Alphalogic Ind: Wins ₹25.3 Cr order for storage racking systems for NTEx Transportation Services across Maharashtra.
- Sunrise Efficient: Secures its largest order for 800 SynchroPlus motors, with a strict 8-week supply timeline.
- DroneAcharya Aerial Innovations: Bags ₹70.8 lakh work orders from AgroCast Analytics Pvt. Ltd.
- Tembo Global: Wins a ₹44 Cr order.
- Rulka Electrical: Secures ₹3.84 Cr order.
- Killburn Eng: Wins ₹19 Cr order.
---
📍 CORPORATE UPDATES & ANNOUNCEMENTS
- AstraZeneca Pharma: ITAT grants relief on corporate tax for FY17-18 and FY18-19, with a favorable impact of ₹35.01 Cr.
- Aurobindo Pharma: Clarifies it has no connection with Kakinada Seaports Ltd or Kakinada SEZ Ltd.
- Star Cement: Denies speculation of Adani Group's acquisition for NE expansion.
- Infosys: Partners with Kardex to transform business operations using SAP S/4HANA.
- Alembic Pharma: Receives tentative USFDA approval for Olopatadine Hydrochloride Ophthalmic Solution with a market size of $22 Mn.
- Eicher Motors (Royal Enfield): Opens its first overseas motorcycle assembly plant in Thailand.
---
📍 STRATEGIC PARTNERSHIPS & AGREEMENTS
- Cyient DLM: Signs MoU with Arcedo Systems to establish a 500 kWp solar power plant at its Mysore facility.
- Lancer Container: Collaborates with Ocean Voyage Shipping Line LLC for vessel chartering and allied operations.
- Nazara Tech: Partners with Lysto to launch "The Growth Protocol," a blockchain initiative for gaming.
---
📍 INFRASTRUCTURE & EXPANSIONS
- Organic Recycling: Expands its Research Innovation Centre to boost biomethanation and waste management advancements.
- Dynamic Services: Secures a "Mega Project" offer from Maharashtra to set up an 1800 MW solar PV panel manufacturing unit worth ₹1080 Cr.
- Royal Orchid: Opens "Regenta Inn Downtown Raipur," its first property in Chhattisgarh's capital.
---
📍 RESTRUCTURING & OPERATIONAL SHIFTS
- RDB Infrastructure: Renamed from RDB Realty & Infrastructure Ltd., effective 04-Dec-24.
- Phoenix Mills: Restructures operations by transferring subsidiary shares to MDL.
---
📍 FUNDRAISING UPDATES
- Bharat Forge: Launches QIP for fundraising with a floor price of ₹1,323.54/share.
- Eco Hotels & Resorts: Approves ₹45 Cr via rights issue.
- BN Rathi: Approves stock split in a 1:2 ratio.
---
📍 REGULATORY & LEGAL UPDATES
- AIA Engineering: U.S. Department of Commerce imposes a 4.3% anti-dumping duty on certain high-chrome cast iron grinding media from India.
- Vimta Labs: CFO resigns, effective 10-Dec-24.
- Tirupati Tyres: MD and CEO resigns, effective 03-Dec-24.
---
📍 STRATEGIC BUSINESS DEVELOPMENTS
- Quick Heal: Launches "Seqrite Malware Analysis Platform" and "Seqrite Threat Intel" to bolster cybersecurity.
- Mphasis: Opens Cyber Fusion Center in Bangalore to enhance global cybersecurity.
- Nazara Tech: Collaborates with Lysto to launch blockchain-powered gaming protocol.
---
📍 SECURITY & COMPLIANCE
- Blue Dart: Launches an affiliate program to drive innovation in logistics.
- Muthoot Microfin: Reduces lending rates by 25 bps on group loans and 125 bps on third-party product loans.
Stay Updated With
BEAT THE STREET 🚀🚀