🗞 BEAT THE STREET BULLETIN 🗞
Date: 24-Dec-2024
Telegram: [t.me/beatthestreet10]
📍 NEW ORDERS & CONTRACTS
- BPCL: Board approved pre-project activities for a ₹6,100 Crore Greenfield Refinery cum Petrochemical complex in Andhra Pradesh.
- Shivalic Power Control Ltd.: Awarded an LT Panels order worth ₹51.62 Lakh.
- HFCL: Inaugurated a defence manufacturing facility in Hosur to produce Thermal Weapon Sights, Electronic Fuzes, and more.
- ASTRA MICRO: Received an order worth ₹6.14 Crore from DRDO.
- Newgen Software: Subsidiary in Saudi Arabia secured a $2.27 million purchase order from an international entity.
- Ramky Infrastructure: Wins ₹215.08 Crore order for STPs' operation and maintenance.
- Arihant Superstructures: Acquired 11 acres to expand World Villas project with revenue potential of ₹1,200+ Crore.
- BPCL: Wins NTPC's ₹756.45 Crore tender to develop a 150 MW solar project.
- Western Carrier: Wins ₹8 Crore order from Tata International Ltd.
- SEAMEC: Signs $2.47 million contract for SAT diving with Asian Energy Services.
- Ceigall India: Signs ₹981 Crore concession agreement with NHAI for a 6-lane highway project.
- Walchandnagar Industries: Wins ₹44.95 Crore order for an HF Reactor from Fluorine Korea.
- Panacea Biotec: Wins ₹127 Crore order from UNICEF for 115 million doses of bOPV.
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📍 FUNDRAISING & CAPITAL EXPANSIONS
- Yatharth: Raised ₹625 Crore through QIP.
- Knowledge Marine: Approved stock split of 1 share into 2, and fundraising up to ₹500 Crore via QIP.
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📍 STRATEGIC PARTNERSHIPS & AGREEMENTS
- Gulf Oil: Partners with Nayara Energy to offer premium automotive lubricants and AdBlue at 6,500+ fuel stations across India.
- Akums: Enters into a strategic partnership with a leading global pharma company to manufacture and supply oral liquid formulations in the EU, valued at €200 million (INR 1,760 Crore).
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📍 ACQUISITIONS & STAKE INCREASES
- Renaissance Global Ltd.: Successfully raised ₹163.49 Crore through preferential allotment of equity shares.
- Aarti Drugs: Receives US FDA EIR with inspection classified as "Voluntary Action Indicated" for its API facility in Bengaluru.
- Bharat Forge: To infuse €39 million in its arm, Bharat Forge Global Holding GmbH.
- TCI Express: Sells its chemical logistics business to TCI Chemlog for ₹45 Crore.
- Apollo Healthcare: Acquiring Searchlight Health for ₹67.5 Crore as part of a slump sale.
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📍 RESIGNATIONS & APPOINTMENTS
- Gopal Snacks: Mr. Mukesh Kumar Shah, CFO, resigned effective January 21, 2025, for new opportunities.
- BIOCON: Dr. Nalanda Jayadev appointed CEO of Aster Medcity Kochi and Senior Consultant - Forensic Medicine.
- Waaree Energies: Appoints Mr. Amit Paithankar as CEO & Whole-Time Director, effective Dec 23, 2024.
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📍 LEGAL & REGULATORY UPDATES
- MMTC Ltd.: Received warning letters from NSE and BSE for not convening a stakeholders relationship committee in FY24.
- Karnataka Government: Proposes a tax on mineral land and mineral rights from January 2025, impacting NMDC, Vedanta, and JSW Steel.
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📍 OTHER UPDATES
- Reliance Retail: Signs the ConsumerSafetyPledge initiative led by the Department of Consumer Affairs.
- Kohinoor Foods: Proposes one-time settlement with lenders, hoping for approval soon.
- Dev Information Technology Ltd. (DEV IT): Achieves significant milestones, securing key enterprise contracts from U.S.-based clients, including a project to migrate 2,300 SAP BO reports to Power BI.
- Arihant Superstructures: Acquires 11 acres to expand World Villas project in Navi Mumbai, expected to boost revenue potential to ₹1,200+ Crore.
---
Stay Updated with Beat the Street 🚀🚀
Date: 24-Dec-2024
Telegram: [t.me/beatthestreet10]
📍 NEW ORDERS & CONTRACTS
- BPCL: Board approved pre-project activities for a ₹6,100 Crore Greenfield Refinery cum Petrochemical complex in Andhra Pradesh.
- Shivalic Power Control Ltd.: Awarded an LT Panels order worth ₹51.62 Lakh.
- HFCL: Inaugurated a defence manufacturing facility in Hosur to produce Thermal Weapon Sights, Electronic Fuzes, and more.
- ASTRA MICRO: Received an order worth ₹6.14 Crore from DRDO.
- Newgen Software: Subsidiary in Saudi Arabia secured a $2.27 million purchase order from an international entity.
- Ramky Infrastructure: Wins ₹215.08 Crore order for STPs' operation and maintenance.
- Arihant Superstructures: Acquired 11 acres to expand World Villas project with revenue potential of ₹1,200+ Crore.
- BPCL: Wins NTPC's ₹756.45 Crore tender to develop a 150 MW solar project.
- Western Carrier: Wins ₹8 Crore order from Tata International Ltd.
- SEAMEC: Signs $2.47 million contract for SAT diving with Asian Energy Services.
- Ceigall India: Signs ₹981 Crore concession agreement with NHAI for a 6-lane highway project.
- Walchandnagar Industries: Wins ₹44.95 Crore order for an HF Reactor from Fluorine Korea.
- Panacea Biotec: Wins ₹127 Crore order from UNICEF for 115 million doses of bOPV.
---
📍 FUNDRAISING & CAPITAL EXPANSIONS
- Yatharth: Raised ₹625 Crore through QIP.
- Knowledge Marine: Approved stock split of 1 share into 2, and fundraising up to ₹500 Crore via QIP.
---
📍 STRATEGIC PARTNERSHIPS & AGREEMENTS
- Gulf Oil: Partners with Nayara Energy to offer premium automotive lubricants and AdBlue at 6,500+ fuel stations across India.
- Akums: Enters into a strategic partnership with a leading global pharma company to manufacture and supply oral liquid formulations in the EU, valued at €200 million (INR 1,760 Crore).
---
📍 ACQUISITIONS & STAKE INCREASES
- Renaissance Global Ltd.: Successfully raised ₹163.49 Crore through preferential allotment of equity shares.
- Aarti Drugs: Receives US FDA EIR with inspection classified as "Voluntary Action Indicated" for its API facility in Bengaluru.
- Bharat Forge: To infuse €39 million in its arm, Bharat Forge Global Holding GmbH.
- TCI Express: Sells its chemical logistics business to TCI Chemlog for ₹45 Crore.
- Apollo Healthcare: Acquiring Searchlight Health for ₹67.5 Crore as part of a slump sale.
---
📍 RESIGNATIONS & APPOINTMENTS
- Gopal Snacks: Mr. Mukesh Kumar Shah, CFO, resigned effective January 21, 2025, for new opportunities.
- BIOCON: Dr. Nalanda Jayadev appointed CEO of Aster Medcity Kochi and Senior Consultant - Forensic Medicine.
- Waaree Energies: Appoints Mr. Amit Paithankar as CEO & Whole-Time Director, effective Dec 23, 2024.
---
📍 LEGAL & REGULATORY UPDATES
- MMTC Ltd.: Received warning letters from NSE and BSE for not convening a stakeholders relationship committee in FY24.
- Karnataka Government: Proposes a tax on mineral land and mineral rights from January 2025, impacting NMDC, Vedanta, and JSW Steel.
---
📍 OTHER UPDATES
- Reliance Retail: Signs the ConsumerSafetyPledge initiative led by the Department of Consumer Affairs.
- Kohinoor Foods: Proposes one-time settlement with lenders, hoping for approval soon.
- Dev Information Technology Ltd. (DEV IT): Achieves significant milestones, securing key enterprise contracts from U.S.-based clients, including a project to migrate 2,300 SAP BO reports to Power BI.
- Arihant Superstructures: Acquires 11 acres to expand World Villas project in Navi Mumbai, expected to boost revenue potential to ₹1,200+ Crore.
---
Stay Updated with Beat the Street 🚀🚀