11 months ago

Business Roundup: KEC, Maruti, Hyundai Sales Soar

Business Roundup: KEC, Maruti, Hyundai Sales Soar
KEC International surges 8% on Rs 3,243 crore order win; Axis Securities sees 10% upside · businesstoday.in

Several companies reported significant news.

KEC International got large orders, and Maruti Suzuki and Hyundai saw increased sales.

V2 Retail expanded with new stores.

Brigade Group has a new residential project.

Refex Industries will restructure its green mobility business.

Omaxe is partnering with IHCL for a hotel.

Dr. Reddy’s has positive news for a medicine.

JK Lakshmi Cement expanded capacity.

Emkay Global got a new investor.

AU Small Finance Bank partnered with Zaggle for credit cards.

Sam Industries is building a warehouse for Delhivery Ltd., and Patel Chem is doing an independent project.

Key facts

KEC International
Secured ₹3,243 crore in new orders for transmission and distribution projects
Maruti Suzuki India
Retail sales expected to exceed 30,000 units on September 23, 2025
Hyundai Motor India
Recorded around 11,000 dealer billings in a single day
V2 Retail
Launched six new outlets, reaching 250 total
Brigade Group
Signed agreement for a ₹1,200 crore residential project
Refex Industries
To restructure its Green Mobility Business
Omaxe Ltd
Partnered with IHCL for a hotel in Dwarka
Dr. Reddy’s
Positive EMA opinion for biosimilar of Prolia® and Xgeva®
JK Lakshmi Cement
Increased cement capacity to 18 MTPA
Emkay Global
Kirti Doshi's entity invested over 21% stake
AU Small Finance Bank
Partnered with Zaggle for co-branded cards
Sam Industries
Received Letter of Intent from Delhivery Ltd. for construction of a warehouse
Patel Chem Specialities
Executed independent turnkey project service agreement with J&H Pharma Consultants

Timeline

  1. Tech firms poured money into AI, sparking investor interest.

  2. Meanwhile, the Fed eyed interest rate cuts, too.

  3. These factors fueled a market-friendly climate.

  4. Experts foresee ongoing tech sector expansion.

  5. Several companies announced major developments, impacting markets.

Quotes

Vimal Kejriwal

MD & CEO of KEC International Ltd

“This order has further strengthened our presence in the Middle East and substantially expanded our international T&D order book. The Middle East region continues to be a strategic growth driver for us, as reflected in this order and those secured earlier this year.”
businesstoday.in

Tarun Garg

COO of Hyundai Motor India

“On Day 1 aone, the automaker had recorded around 11,000 dealer billings, which is our highest single-day performance in the last five years.”
thehindubusinessline.com

Sources

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