Microcap Minute Free Newsletter #10
29th Dec 2024
Welcome to the Microcap Minute Newsletter!
Each edition delivers a curated roundup of essential updates—from order wins to strategic partnerships to key developments across a wide range of companies. Whether you're an investor, enthusiast, or simply looking to stay informed, Microcap Minute brings you the latest announcements and movements within the dynamic stock market, keeping you connected to new developments as they unfold.
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This edition is a 3-part newsletter
Major Order Wins
All Caps Updates
Chart
So grab a cup of coffee, settle in, and let's dive into this week's market happenings!
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Major Order Wins between 21st December 2024 to 27th December 2024
Udupi Cochin Shipyard Limited (UCSL): Secured a ₹2,000 crore order from Ocean Sparkle Limited (Adani Group) for eight 70 T Bollard Pull ASD Tugs to be delivered between December 2026 and August 2028.
Newgen Software Technologies Limited: Signed a $2 million contract via its Dubai subsidiary for a Digital Lending Platform; a ₹23.99 crore Loan Origination Solution with Aye Finance for six years; and a $2.27 million purchase order via its Saudi subsidiary.
VA Tech Wabag Limited: Awarded a €78 million (~₹700 crore) DBO contract for wastewater treatment plants in Zambia, funded by EIB and KfW, with 36 months of construction and 24 months of O&M.
Western Carriers (India) Limited: Secured contracts worth ₹23 crore from Lhaki Steels & Rolling (Bhutan) and ₹8 crore from Tata International for rake movement services, both for one year.
NBCC (India) Limited: Awarded ₹368.75 crore across three projects: ₹24.38 crore at IIT Roorkee, ₹300 crore in Varanasi, and ₹44.37 crore at AIIMS Gorakhpur.
Zaggle Prepaid Ocean Services Limited: Entered a one-year agreement with Mahindra First Choice Wheels Limited to provide the Zaggle Propel reward platform.
Newmalayalam Steel Limited: Secured a ₹7.06 crore order to supply 1,000 MT of galvanized pipes within 30 working days.
Ircon International Limited (IRCON): Signed MoUs worth ₹89 crore with Northeast Frontier Railway for TRD maintenance in Tinsukia and Lumding over 24 months.
Power Mech Projects Limited: Awarded a ₹186 crore five-year O&M contract from Jaiprakash Power Ventures for the Jaypee Nigrie Thermal Power Plant in Madhya Pradesh.
Gensol Engineering Limited: Secured an ₹897.47 crore EPC contract for a 225 MW solar PV project in Gujarat from NTPC Renewable Energy Limited.
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Asya Infosoft Limited: Received a ₹3.53 crore order for four E-Houses and electrical components from Apstechs Infratak Pvt Ltd/Apstechs UK Limited, to be delivered in three months.
Sharika Enterprises Limited: Received ₹8.29 crore orders from JSW Renew Energy for underground cable supply and commissioning in Karnataka and Maharashtra.
Mafatlal Industries Limited: Secured a ₹60.7 crore order from Odisha Government to supply sanitary napkins to schools, to be executed over 3-4 quarters.
Welspun Corp Limited: Its associate EPIC secured contracts worth ₹130 crore for HSAW pipes, impacting FY 2025-26.
Shrydus Industries Ltd.: Received a ₹98.2 lakh contract for redevelopment work at Arora House in Mumbai, to be completed by April 2025.
Ramky Infrastructure Limited: Awarded a ₹215.08 crore five-year contract for STP operation and maintenance by HMWSSB.
Bharat Petroleum Corporation Limited (BPCL): Emerged as the lowest bidder for a ₹756.45 crore 150 MW solar PV project for NTPC.
Panacea Biotec Limited: Secured a $14.95 million (₹127 crore) UNICEF contract for 115 million bOPV doses in 2025.
Walchandnagar Industries Limited: Received a $5.28 million (₹44.94 crore) order for an HF Reactor from Fluorine Korea Co. Ltd., to be delivered by October 2025.
Mittal LifeStyle Limited: Executed a ₹5 crore order for 2 lakh meters of denim fabrics for Arvind Lifestyle and Myntra vendors.
Bharat Electronics Limited (BEL): Secured ₹973 crore in additional orders, bringing FY 2024-25 order book to ₹9,801 crore.
Larsen & Toubro (L&T): Awarded a major defense contract to supply K9 Vajra-T artillery platforms under Aatmanirbhar Bharat.
Dhabriya Polywood Limited: Its subsidiary secured ₹4.52 crore and ₹5.24 crore work orders for modular kitchens and windows/doors, to be completed in six and 12 months, respectively.
Valiant Communications Limited: Received an ₹812 lakh LOI from APTRANSCO for communication and protection solutions, to be completed by July 2025.
Marine Electricals (India) Limited: Secured an ₹8.56 crore export order from Société Minière de DASA SA for HT panels, to be delivered over nine months.
JBM Auto Limited: Awarded ₹1,800 crore contracts for 343 electric buses under GCC, to be executed in one year.
Sterling and Wilson Renewable Energy Limited (SWREL): Secured a ₹1,200 crore EPC contract for a 500 MW solar project in Gujarat with three years of O&M.
Atishay Limited: Received a ₹19.95 lakh work order for a smart classroom project in Himachal Pradesh, to be completed by January 2025.
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All Caps Updates between 21st December 2024 to 27th December 2024
H.G. Infra Engineering Limited: Transferred a 26% stake in four solar subsidiaries to Stockwell Solar Services for ₹26,000 each, invested ₹2.84 crore in H.G. Jetpur Solar Project through a rights issue, and its subsidiary signed a Battery Energy Storage Purchase Agreement with NTPC Vidyut Vyapar Nigam for 185 MW/370 MWh.
Symphony Limited: Launched nine storage water heaters with cinema advertising tied to "Pushpa 2," social media campaigns, and nationwide availability via e-commerce and retail.
VA Tech Wabag Limited: Ranked 3rd globally among private water operators by GWI and secured a €78 million (~₹700 crore) wastewater contract in Zambia.
Colgate-Palmolive (India) Limited: Introduced MaxFresh toothpaste with cooling crystals in Watermelon Blast and Rainbow Fresh flavors, priced at ₹169 for 100g, available nationwide.
Praj Industries Limited: Developed India’s first lignin-based bio-bitumen highway, reducing greenhouse gas emissions by 70%, inaugurated by Nitin Gadkari.
Coforge Limited: Increased its holding in Cigniti Technologies to 54.49% by acquiring 59,54,626 additional shares.
L&T Technology Services (LTTS): Expanded collaboration with Siemens to establish a Digital Manufacturing Academy and enhance its CoE using Siemens' digital twin technologies.
GMM Pfaudler: Through its subsidiary, acquired a 51% stake in a Polish company specializing in stainless steel equipment for ₹25.3 crore, establishing a new manufacturing facility.
Oberoi Realty Limited: Signed a development agreement for 81.05 acres in Alibaug, Maharashtra, for a luxury hotel and 150 branded villas.
Dr. Reddy's Laboratories SA: Incorporated a step-down subsidiary, Dr. Reddy's Finland Oy, to focus on healthcare and pharmaceutical products.
Bharat Forge Limited: Approved a $64.5 million fund infusion into its US subsidiary for debt repayment and operational strengthening.
Whirlpool of India Limited: Signed an agreement with PG Electroplast to manufacture semi-automatic washing machines at its Roorkee factory.
RattanIndia Enterprises Limited: Increased its investment in Neorise Technologies FZCO from AED 1 million to AED 5 million by converting loans to equity.
Suven Pharmaceuticals Limited: Completed a 56% stake acquisition in NJ Bio, Inc. for $64.4 million, including a $15 million equity infusion.
CuraTeQ Biologics (Aurobindo Pharma): Received UK MHRA marketing authorization for Bevqolva, a biosimilar for cancer treatment.
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NHPC Limited: Announced completion timelines for Subansiri Lower HE Project by May 2026 and ongoing restoration of Teesta-V Power Station after flood damages.
Metropolis Healthcare Limited: Incorporated a new subsidiary, Metropolis Clinical Pathology Private Limited, to expand diagnostic services.
UltraTech Cement Limited: Acquired a 55.49% stake in India Cements, reclassified former promoters, and invested ₹45.77 crore in Clean Max Sapphire for green energy.
Rossari Biotech Limited: Incorporated Rossari International Limited Company in Saudi Arabia as part of its global expansion strategy.
Apollo Healthco Limited: Acquired software operations from Searchlight Health for ₹67.5 crore to enhance personal health record management capabilities.
Godawari Power and Ispat Limited: Acquired a 51% stake in Jammu Pigments for ₹255 crore, aligning with its strategy for non-ferrous metal recycling.
Jubilant Ingrevia Limited: Progressed in acquiring a 28% stake in O2 Renewable Energy XVIII, with completion expected by March 2025.
CG Power and Industrial Solutions Limited: Incorporated Axiro Semiconductor Inc. in the USA to support its semiconductor business plans.
Biocon Limited: Received a Voluntary Action Indicated (VAI) status from the US FDA for its API facility in Bengaluru, closing the inspection.
Aarti Drugs Limited: Received a VAI classification from the US FDA for its Tarapur API facility, ensuring compliance for US exports.
HFCL Limited: Inaugurated a defense equipment manufacturing facility in Tamil Nadu to produce advanced technologies under Atmanirbhar Bharat.
Gulf Oil Lubricants India Ltd.: Partnered with Nayara Energy to distribute lubricants and AdBlue across 6,500+ fuel stations nationwide.
Infibeam Avenues Ltd.: Integrated Bassein Catholic Co-operative Bank's net banking into its CCAvenue platform, expanding merchant payment options.
Astra Microwave Products Limited: Formed a joint venture, Navictronics Private Limited, with Manjeera Digital Systems in Hyderabad.
Shriram Pistons & Rings Limited: Acquired 100% of TGPEL Precision Engineering for ₹217.6 crore to expand into high-precision plastic components.
Sandur Manganese & Iron Ores Limited: Received consent to expand iron ore production at its Karnataka mines to 0.216 MTPA.
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Zydus Lifesciences Limited: Extended the acquisition timeline for Sterling Biotech’s API business to March 2025.
Hero MotoCorp: Expanded its partnership with Harley-Davidson to develop new motorcycle variants for domestic and international markets.
C.E. Info Systems Limited (MapmyIndia): Acquired Kaiinos Geo Spatial Technologies for ₹1.99 crore and PT Terra Link Technologies for IDR 65.71 billion.
NTPC Renewable Energy Limited: Commenced operations of a 37.50 MW capacity at its 200 MW Gujarat solar project, raising NTPC Group's capacity to 76,598.18 MW.
Power Finance Corporation Limited: Incorporated Mundra I Transmission Limited as a subsidiary for green hydrogen power supply projects in Gujarat.
Shilpa Medicare Limited: Received GMP approval for two manufacturing units in Telangana, enhancing market access in EAEU countries.
EaseMyTrip: Launched its 23rd franchise store in Andhra Pradesh and announced Season 2 of the World Championship of Legends (WCL) T20 League.
Dixon Technologies: Signed an MOU with Cellecor Gadgets to manufacture refrigerators, supporting the Make in India initiative.
Gateway Distriparks Limited: Acquired a 50.01% stake in Snowman Logistics, making it a subsidiary and leader in temperature-controlled logistics.
Nazara Technologies Limited: Increased its stake in Absolute Sports to 81.94% with a ₹72.73 crore investment under a two-tranche agreement.
Lemon Tree Hotels: Signed an agreement to develop a 76-room hotel in Bapane, Maharashtra, expected to open in FY26.
Dhani Services Limited: Secured RERA registration for a Gurugram residential project, enabling real estate asset monetization.
SKF India Limited: Approved the demerger of its industrial business into a separate listed entity for strategic and operational efficiency.
Adani Enterprises Limited: Acquired 26% of Gidhmuri Paturia Collieries and an 85.8% stake in Air Works India for ₹400 crore, India's largest private MRO.
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Charts of the Week
ELGI RUBBER COMPANY LTD.
GREAVES COTTON LTD.
MAN INFRACONSTRUCTION LTD.
AARTI PHARMALABS LTD.
(Only for illustrative purpose. Not Recommendatory)
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