Several stocks including GR Infraprojects, NTPC, RailTel, and JSW Steel are expected to remain in focus in the March 30 trading session following key corporate developments involving new orders, investments, acquisitions, and project updates. These developments may drive stock-specific activity in the market.
GR Infraprojects has emerged as the L1 bidder for a National Highways Authority of India project in Gujarat with an estimated cost of Rs 1,453.57 crore, involving the upgrade of a two-lane road to four lanes. Separately, the company has secured a contract worth Rs 413.37 crore from NTPC related to a Battery Energy Storage System (BESS).
Coal India has received a 750 MWh BESS project from Telangana Power Generation Corporation, with a total project cost of approximately Rs 1,057 crore. The company has also formed a new joint venture to support future business expansion.
NTPC’s board has approved an investment in a 4.70 GWh capacity Battery Energy Storage System project, with an estimated cost of Rs 5,821.90 crore. In addition, one of its solar units has commenced commercial operations with a capacity of 180 MW, adding to its renewable energy portfolio.
RailTel Corporation of India has secured an order worth Rs 444.44 crore from the central government’s e-governance department. It has also received an additional contract worth Rs 13.03 crore from Mumbai Port Authority.
JSW Steel’s subsidiary has completed the acquisition of the steel business of Bhushan Power and Steel through a slump sale transaction.
TVS Holdings has invested Rs 526.79 crore in Home Credit India Finance, increasing its stake to 80.39 percent.
ACME Solar Holdings has received a GST notice amounting to Rs 149.73 crore. The company has also initiated another phase of its Battery Energy Storage Project in Rajasthan.
A foreign investment board has acquired 6.17 lakh shares in Mahanagar Gas, resulting in an approximate 0.62 percent stake in the company.
The Government of Madhya Pradesh has withdrawn a five-year restriction imposed on Bank of Baroda within 24 hours of its imposition.
Motilal Oswal Mutual Fund has acquired a 0.5 percent stake in Apollo Micro Systems. Separately, the company has sold part of its stake in Cyient DLM.
