KPI Green Energy
Received LOAs from SJVN Ltd for 200 MW (AC) solar EPC and O&M project at Khavda, Gujarat. Order value Rs 696.5 cr. Scope includes supply, erection, testing, commissioning, and 3-year O&M. Raises total Khavda portfolio above 845 MWp (DC). (Positive)
Paradeep Phosphates
Completed merger with Mangalore Chemicals & Fertilizers, effective 16th Oct 2025. Capacity up 23% from 3.0 mn to 3.7 mn MT annually, strengthening market position. (Positive)
Droneacharya
Secured Rs 1.09 cr order from Indian Army for 180 FPV drones. (Positive)
Indegene Ltd
Subsidiary Indegene Ireland to acquire 100% in Warn and Co Ltd, UK-based consulting firm, for up to GBP 3 mn (cash + milestone-based). Strengthens life sciences consulting capabilities. Completion expected by 17th Oct 2025. (Positive)
Atlanta Electricals
Q2FY26: Net profit Rs 31 cr vs Rs 24.8 cr YoY; revenue Rs 315 cr vs Rs 299 cr. EBITDA Rs 53.9 cr vs Rs 41.3 cr; margin 17.05% vs 13.75%. (Positive)
Zen Technologies
Completed acquisition of remaining 24% stake in Applied Research International; ARIPL now a wholly-owned subsidiary. Also completed 100% acquisition of ALPL. (Positive)
Mastek
Management to CNBC-TV18: Won NHS order beyond Infosys’s competition; strong UK business, US business improving under new leader; AI-led efficiency boosting revenue per employee. (Positive)
PIGL Power & Instrumentation (Gujarat)
Received Rs 21.39 cr order (incl. taxes) from ATS Techno Ltd for factory shed works at Star Platinum Industrial Park, Ahmedabad. (Positive)
Nectar Lifesciences
Extended completion date for slump sale to Ceph Lifesciences to on or before 19th Nov 2025. (Neutral)
LTIMindtree
Management to ET Now: Confident of margin expansion and near double-digit $ revenue growth in H2FY26; strong H2 order pipeline expected. (Positive)
Says wage hikes between Jan–Apr; 250–300 employees sent on H-1B in FY25; strengthening nearshore and offshore delivery network. (Neutral)
SpiceJet
Launched non-stop flights to Najaf, Iraq from 18th Oct 2025; only Indian carrier offering direct route. Plans to double fleet size and triple ASKM by Dec 2025. (Positive)
Muthoot Finance
Completed settlement of US$150 mn 6.375% senior secured notes due 2030; consolidated with existing US$600 mn notes under global MTN programme. Use of proceeds for onward lending and permissible ECB activities. (Neutral)
Zydus Lifesciences
Subsidiary Zydus Healthcare received Rs 2.17 mn tax demand for ITC disallowance (FY18–FY23). Plans to appeal; management expects no material financial impact. (Neutral)
Rossari Biotech
Management to CNBC-TV18: B2C business losses narrowed in Q2; 28% of sales from US though growth below expectations; export growth sustained at 36%. (Positive)
Popular Vehicles
Q2FY26 revenue up 1% YoY; luxury +14%, CV +19%, PV -11%. Acquired RKS Motor in Telangana; expansion across 5 states. Strong Q3 outlook led by festive demand. (Positive)
IOB
Management to CNBC-TV18: Deposit growth led by CASA focus; slippage ratio at 0.1%; expects 13–14% deposit growth; NIMs to stay at 3.3–3.35%. Repo-linked book reduced to 40% from 60%. (Positive)
IndusInd Bank
Clarifies no fresh probe on Rs 255 cr issue; already addressed in FY25 accounts. Reaffirms compliance and transparent disclosures. (Neutral to Slightly Positive)
Motilal Oswal Fund View
Says rising gold prices benefit gold financiers like Muthoot and Manappuram through improved LTVs and lower delinquencies. MCX to benefit from higher gold trading volumes. (Positive)
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