Indian Stock Market Recent Orders and Contract | Fundraising and Capital Expansions | Partnership and Agreements | Legal and Regulatory Updates

New Orders & Contracts:

• BEL (Bharat Electronics Limited): Bags ₹973 crore worth of orders, including metro platform screen doors, radars, communication equipment, jammers, submarine sonar upgrades, and more. FY24-25 total orders now stand at ₹9,801 crore.

• VINYAS INNOVATIVE: Secures a ₹390 crore order for a 24-month project.

• Atishay Limited: Awarded a ₹19.95 lakh order to implement a Smart Classroom at Government College of Pharmacy, Rohru.

• Bigbloc Construction: Wins ₹4.5 crore order.

• GMM Pfaudler: Acquires a 51% stake in a Polish company with an investment of PLN 12.2 million.

• Marine Electricals: Secures ₹8.56 crore and $1M export order for HT panels from SOMIDA, Niger.

• Sealmatic: Acquires an Abu Dhabi Economic License for its joint venture to meet UAE's mechanical seal demand.

Fundraising & Capital Expansions:

• ECO Recycling: Board approves up to ₹500 crore fundraising via QIP.

• Waaree Energies:

• ₹551 crore for a 300 MW Electrolyser Plant.
• ₹2,073 crore for a 3.5 GWh Lithium-Ion Storage Cell Plant.
• ₹130 crore for Inverter Business expansion.

Strategic Partnerships & Agreements:

• Poonawalla Fincorp: Partners with IIT Bombay to integrate AI in HR processes, reducing job offer finalization time by 90%.

• Insecticide India: Teams up with BioPrime to launch 'Relieve' in India.

• BMB Music: Signs an MoU with Shemaroo Entertainment for copyright assignment of 10 films.

Acquisitions & Stake Increases:

• Mawana Sugars: Acquires 1.33 crore equity shares of Mawana Foods, making it a wholly-owned subsidiary.

• Adani Defence Systems: To acquire an 85.8% stake in Air Works India for ₹400 crore.

Appointments & Resignations:

• Aster DM: Dr. Nalanda Jayadev appointed as CEO of Aster Medcity Kochi and Senior Consultant - Forensic Medicine.

• Waaree Energies: Appoints Mr. Amit Paithankar as CEO & Whole-Time Director for 5 years, effective Dec 23, 2024.

Legal & Regulatory Updates:

• NMDC, Vedanta, JSW Steel: Karnataka government proposes a mineral land and mineral rights tax starting January 2025.

Other Updates

• Praj Industries: Celebrates the inauguration of India's first national highway using bio-bitumen.

• SEAMEC: Vessel "SEAMEC SWORDFISH" begins charter with Mermaid Subsea Services, Saudi Arabia.

• Coastal Corp: Approves a stock split of 1 share into 5 shares.

• GP Eco’s Invergy India: Advances renewable energy with a 5 GWh gigafactory in Uttar Pradesh.

• Colgate: Launches a new MaxFresh range priced at ₹169 for 100g

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