Key Indian Stocks Updates: Waaree, BEL, Lupin, and More

Key facts

Waaree Energies

CEO Amit Paithankar to resign; Jignesh Rathod named CEO-Designate. Subsidiary Waaree Power commissioned 3.05 GW solar inverter facility in Gujarat.

Bharat Electronics Ltd (BEL)

Bagged additional orders worth ₹569 crore for defence and non-defence products, including radars and communication systems.

Lupin Ltd

Signed agreement with Gan & Lee Pharmaceuticals for bofanglutide, a GLP-1 agonist, to expand diabetes and obesity portfolio.

RVNL

Emerged as lowest bidder for ₹201.23 crore East Coast Railway project to set up a 200-wagon POH workshop at Kantabanji.

Indian Overseas Bank (IOB)

Received RBI approval to set up an IFSC Banking Unit at GIFT City, Gujarat.

Afcons Infrastructure

Achieved first tunnel breakthrough under CIDCO’s Hetawane Water Supply Scheme in Navi Mumbai, six months ahead of schedule.

Lloyds Engineering Works

Board approved merger with Lloyds Infrastructure, Metalfab Hightech, and Techno Industries to consolidate group businesses.

Timex Group India

Promoter exercised oversubscription option in ongoing OFS of equity shares.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd

T Natarajan resigned as Managing Director.

Grasim Industries

Board approved transfer of Essel Mining’s renewable energy business to Aditya Birla Renewables on a slump sale basis.