Buzzing Stocks : IndusInd Bank, Hitachi Energy, NTPC, Syngene, MSTC, HEG, Anupam Rasayan, Nectar Life, Indoco Remedies in focus on 11 March.
Hitachi Energy India : The company launched a Qualified Institutions Placement (QIP) on March 10. The floor price has been fixed at Rs 12,112.50 per share.
Centum Electronics : The company has opened its QIP issue on March 10 and set a floor price at Rs 1,219.65 per share.
NTPC, NTPC Green Energy : NTPC, along with its subsidiary NTPC Green Energy, signed multiple agreements worth Rs 96,000 crore with the Chhattisgarh government. The agreements include nuclear, pump hydro, and renewable projects based on solar, wind, and hybrid sources in the state.
Indian Bank : M Swarajya Lakshmi has joined the bank as Internal Ombudsman, effective March 10.
Urja Global : The Board has approved the appointment of Sachin Kumar Agrahari as Chief Financial Officer of the company, replacing Sushil Prajapati, effective March 10. Sushil Prajapati has resigned as Chief Financial Officer.
Syngene International : The contract research, development, and manufacturing organization announced the acquisition of its first biologics site in the USA, which is equipped with multiple monoclonal antibody (mAbs) manufacturing lines. Additionally, the company will be making an investment of up to $56 million in its subsidiary, Syngene USA Inc, in one or more tranches.
Bharat Electronics ; The company has secured additional orders worth Rs 843 crore since March 6, 2025. Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgradation, spares, and services. With these orders, its total accumulated orders during the current financial year stand at Rs 14,567 crore.
NLC India : The Board has in-principle approved external commercial borrowings up to $200 million, with an equivalent green shoe option.
Aditya Birla Capital : The company has made an investment of Rs 300 crore on a rights basis in its subsidiary, Aditya Birla Housing Finance. Post this investment, there is no change in the percentage shareholding of Aditya Birla Capital, and Aditya Birla Housing Finance continues to be a wholly owned subsidiary of the company.
Indian Railway Finance Corporation : The Board members will be meeting on March 17 to consider the second interim dividend for the financial year 2024-25.
Ashoka Buildcon : The company has received a Letter of Acceptance for a project worth Rs 312 crore from Maharashtra State Electricity Transmission Co.
MSTC : The company has received a work order from Coal India for engagement as an E-auction service provider for conducting e-auctions of coal and coal products of Coal India/coal companies for two years.
HEG : Ace investor Madhusudan Kela and Yash Kela-backed Singularity AMC, along with its partners, has signed definitive agreements to invest up to Rs 500 crore in Bhilwara Energy, an associate company of HEG. The investment will support Bhilwara Energy in creating an integrated energy transition platform, HEG Greentech, focused on power assets, battery-grade anode materials, food-grade bottle-to-bottle recycling, graphene, and advanced battery systems manufacturing for energy storage & electric vehicles.
Hisar Metal Industries : R S Bansal has been reappointed as Chief Financial Officer of the company for three years, effective April 1, 2025.
Anupam Rasayan India : The custom synthesis and specialty chemicals company has signed a 10-year letter of intent valued at $106 million (approximately Rs 922 crore) with a Korean multinational company.
Emcure Pharmaceuticals ; The company announced its entry into the daily supplements space with the expansion of its Arth range. Arth offers a wide range of supplements that harness the power of ancient Indian herbs like Brahmi.
Hindustan Zinc : The Board has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 500 crore.
AGI Infra : The Board has approved the re-appointment of Sukhdev Singh Khinda as Managing Director of the company, and Salwinderjit Kaur as Whole-Time Director of the company.
Gensol Engineering : Promoters have infused Rs 29 crore into Gensol through the conversion of warrants into equity. The warrants will be converted into 4,43,934 equity shares at a price of Rs 871 per share.
Nectar Lifesciences : The European Directorate for the Quality of Medicines & HealthCare (EDQM), and the Spanish Agency of Medicines and Medical Devices (AEMPS) conducted a joint inspection of the company's API manufacturing facility in Mohali, Punjab. After the inspection, both entities issued seven observations, including four critical ones. The company is in the process of preparing a Corrective Action and Preventive Action (CAPA) report to address the observations. The European regulator will conduct a re-inspection of the facility to verify compliance with the CAPA, which may lead to EuGMP approval.
Indoco Remedies : Investigators from the Bioresearch Monitoring Program (BIMO) and the Office of Study Integrity & Surveillance (OSIS) of the US Food and Drug Administration (US FDA) completed a five-day comprehensive inspection of the company's Clinical Research Organisation, AnaCipher, in Hyderabad. The on-site inspection, conducted during March 3-7, covered both clinical and bioanalytical phases of three Bioavailability and Bioequivalence (BA/BE) studies submitted by clients to the US FDA. The facility received one Form 483 at the end of the inspection, which will be responded to within the specified timeframe.
Thermax : The company's subsidiary, Thermax Chemical Solutions, has entered into a Share Subscription and Shareholders Agreement with Brazil-based Oswaldo Cruz Química Indústria E Comércio Ltda (OCQ) to establish a new company in India. Thermax Chemical Solutions will hold a majority 51% stake in the new company, with the remaining 49% held by OCQ. This partnership aims to establish a dedicated production facility for manufacturing acrylic resins in India.
IndusInd Bank : The bank's detailed internal review of processes has estimated an adverse impact of approximately 2.35% of its net worth as of December 2024. The bank's profitability and capital adequacy remain healthy to absorb this one-time impact. The bank has also appointed a reputed external agency to independently review and validate the internal findings. A final report from the external agency is awaited, and based on the external agency's report, the bank will appropriately consider any resultant impact in its financial statements.
Elin Electronics : Elin Appliances, part of the promoter group, sold a 1.5% stake in the company at an average price of Rs 118.29 per share.
Bharti Airtel : SEI Trust Company as Trustee OBO Allspring Emerging Markets Equity CIT bought 9.39 lakh shares in the telecom company at an average price of Rs 1,630.7 per share, from Wells Fargo Emerging Markets Equity CIT.
