8 months ago

Defence and Corporate Updates

Defence and Corporate Updates
Stocks to Watch: Lenskart, Pine Labs, Cochin Shipyard, Biocon and more · CNBC TV 18

Several Indian companies are making big moves.

MTAR Technologies got a big order for nuclear power parts.

Cochin Shipyard is building electric tugs for a global company.

HFCL won a huge order for cables.

Other companies like Fino Payments Bank, Biocon, and RailTel also have important updates.

Some companies are expanding, while others are dealing with challenges like flooding.

These updates are important for people who invest in these companies.

Key facts

MTAR Technologies
₹194 crore order for civil nuclear power sector components
Cochin Shipyard
Contract to build four electric tugs for Svitzer, with options for four more
HFCL Ltd
Dynamatic Technologies
Strategic agreement for manufacturing and assembly of Falcon 6X rear fuselage
Takyon Networks
₹47.14 lakh order for network core switch from Hindustan Aeronautics Ltd
Kranti Industries
₹40.13 lakh purchase orders for precision components for Defence applications
Fino Payments Bank
RBI in-principle approval to convert into a small finance bank
Biocon
Strategic integration of Biocon Biologics Ltd as a wholly-owned subsidiary
RailTel Corporation
₹14.40 crore order for 2,000 AI-enabled laptops
Emmvee Energy
₹211.58 crore payment for land allotment for 6 GW solar facility
Landmark Cars
Approval to open a showroom and workshop in Pune
Mukka Proteins
₹474.89 crore contract for sustainability-driven solutions
Supreme Petrochem
Temporary halt in manufacturing due to flooding
Shriram Pistons
Acquisition of 100% shareholding in Antolin Lighting India and subsidiaries
Ecoplast Ltd
Increase in production capacity by adding extrusion and coating plants
Capital Trade Links
MoU with CER Rooftop for rooftop solar panel financing

Timeline

  1. Indian firms bagged major deals, priming for next move.

  2. MTAR, Cochin, HFCL among latest winners.

Quotes

HFCL Ltd

A telecommunications equipment and optical fiber cables manufacturing company.

“We are pleased to inform all stakeholders that the Company has secured export orders worth $72.96 million (equivalent to ~Rs 656.10 crore), for the supply of optical fiber cables, through its overseas wholly owned subsidiary, from a renowned international customer.”
businesstoday.in

Sources

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