Microcap Minute Free Newsletter #11
5th Jan 2025
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 28th December 2024 to 3rd January 2025
DCX Systems Limited
Received an export purchase order valued at approximately ₹483 crore from ELTA Systems Ltd., Israel, for the manufacture and supply of Close-In Weapon System (CIWS) module assemblies.
Secured an export purchase order worth $2,261,769.60 (~₹19.33 crore) from Elta Systems Ltd, Israel, for the manufacture and supply of Backplane Module Assemblies.
Deep Industries Limited has received a Letter of Award from Oil and Natural Gas Corporation Ltd (ONGC) for charter hiring a 100MT Workover Rig for Assam Asset, valued at ₹90.70 crore over seven years.
Ultracab (India) Limited has secured an annual rate contract worth ₹7.17 crore with Maharashtra State Electricity Transmission Company Limited (MSETCL) for the supply of 1.1 KV PVC FRLS Control Cables.
Oriental Rail Infrastructure Limited has secured an order worth ₹5.18 crore from Modern Coach Factory (MCF), Raebareli, for manufacturing and supplying 25 LHB Non-AC Second Class Deendayalu coaches.
Somi Conveyor Beltings Limited has secured an order worth ₹12.42 crore from South Eastern Coalfields Limited, Bilaspur, Chhattisgarh, for the supply of steel cord conveyor belts.
Shiva Texyarn Limited has received an order worth ₹36.19 crore from the Indian Airforce for the supply of 16,000 NBC Suit Permeable MK V pairs.
Afcons Infrastructure Limited has received a Letter of Intent from the Defence Research and Development Organisation (DRDO) for a ₹1,084.54 crore project involving ship lift facility augmentation at Visakhapatnam.
KPI Green Energy Limited through its subsidiary M/s Sun Drops Energia Private Limited, has received Letters of Award/Intent for solar power projects with a cumulative capacity of 32.15 MW under the Captive Power Producer (CPP) segment.
Western Carriers (India) Limited has received a ₹139 crore work order from Vedanta Limited for material handling at the JSG Plant over four years.
Rail Vikas Nigam Limited (RVNL)
Signed a Memorandum of Understanding (MoU) with Visakhapatnam Port Authority (VPA) for constructing internal flyovers to improve cargo evacuation and eliminate 11 level crossings.
Emerged as the Lowest Bidder (L1) for a ₹404.4 crore project from East Coast Railway, involving the construction of 27 major bridges and related works for the Koraput-Singapur Road Doubling Project.
Emerged as the Lowest Bidder (L1) for a ₹137.17 crore contract from Central Railway for the design, supply, erection, testing, and commissioning of 132/55 KV Traction Substations and associated infrastructure in the Bhusaval-Khandwa section.
KEC International Ltd.
Secured new international Transmission and Distribution (T&D) orders worth ₹1,097 crores, including projects in the UAE, US, Mexico, and Brazil.
Secured new orders worth ₹1,073 crores across its T&D, Civil, Transportation, and Cables businesses, including its first passenger ropeway order in the North-East.
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RITES Limited
Secured a ₹69.78 crore contract from Steel Authority of India Limited - Bhilai Steel Plant for the repair of 43 WDS6 locomotives over three years.
Received a notification of intention to award from the Ministry of Public Works, Guyana, for engineering services in upgrading the Palmyra to Moleson Creek Highway, valued at USD 9.71 million.
Force Motors Limited has received an order to manufacture and supply 2,429 units of BSVI Diesel Ambulances to the Medical Health and Family Welfare Department of Uttar Pradesh.
Waaree Energies Ltd. has received an order for the supply of solar PV modules totaling 150 MWp from a domestic customer, to commence in FY 2025-26.
Cupid Limited has received a purchase order worth ₹14.91 crore from the Medical Stores Department, Government of Tanzania, for the supply of male condoms.
NCC Limited has received an order worth ₹349.70 crore for a project in the Building Division, to be executed over 32 months.
VA Tech Wabag Limited has secured a ₹145 crore order from Chennai Petroleum Corporation Limited (CPCL) for desalination water pipelines.
RailTel Corporation of India Ltd. has secured a ₹78.43 crore work order from Bharat Coking Coal Limited for implementing IT-based security infrastructure.
Power Mech Projects Limited has secured a ₹294 crore order from Adani Power Limited for overhauling, erection, testing, and commissioning of thermal power plant units.
Trishakti Industries Limited has secured a ₹25 million contract from Larsen & Toubro Limited for the Kolkata Metro Project.
ITD Cementation India Limited has secured a ₹1,648 crore marine contract for near-shore reclamation at the Vadhvan Port in Maharashtra.
Kalpataru Projects International Limited (KPIL) has secured ₹1,011 crore in new orders across its T&D, Railway, and Buildings & Factories businesses.
Newgen Software Technologies Limited
Accepted an international order worth USD 1,643,256 for Credit Automation services over five years.
Received a domestic purchase order worth ₹208.97 crore for the Newgen Remittance System.
Its U.S.-based subsidiary secured a contract worth USD 1,829,019 for digital solutions.
Its Singapore subsidiary received a project intent worth SGD 1,747,298 for a Knowledge and Records Management System.
Indo-Tech Transformers Limited
Received a ₹117.17 crore order for 13 transformers of 150 MVA capacity.
Secured a ₹32.32 crore order for three 192 MVA transformers.
BMW Industries Limited
Secured a long-term work order for its NH6 unit, valued at ₹188.61 crore.
Its subsidiary renewed a contract for its Adityapur unit, valued at ₹176.09 crore.
Mazagon Dock Shipbuilders Limited (MDL) has signed a ₹1,990 crore contract with the Ministry of Defence for Air Independent Propulsion (AIP) Plugs in Scorpene submarines.
W.S. Industries (India) Limited has secured a ₹86.26 crore subcontract for works at the Integrated Bus Terminal in Tiruchirappalli.
Modern Engineering and Projects Limited has received a ₹157.46 crore work order for construction at the Dhabol Shipyard.
Servotech Renewable Power System Ltd. has secured a ₹31 crore order from UPNEDA for solar-powered agriculture pumps.
Asya Infosoft Limited has secured a ₹7.61 crore order for pH and chlorine analyzers.
Sharika Enterprises Limited has secured ₹8 crore in pilot project orders from JSW Renew Energy.
Artefact Projects Ltd. has received a ₹3.71 crore project for independent engineering services for NH-30 in Madhya Pradesh.
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All Caps Updates between 28th December 2024 to 3rd January 2025
Hindustan Foods Limited (HFL) has executed a Business Transfer Agreement (BTA) through its subsidiary HFL Multiproducts Private Limited to acquire a bottled water manufacturing facility from MMG Enterprises Private Limited in Odisha for ₹29.5 crore, expected to close by Q1 FY 2025-26.
Brigade Group
Signed an agreement to develop a 20-acre residential project on Whitefield-Hoskote Road, Bengaluru, with a GDV of over ₹2,700 crore.
Through subsidiaries Mysore Projects Private Limited and Brigade Tetrarch Private Limited, acquired a 51% stake in Ananthay Properties Private Limited for ₹1.94 crore for real estate development projects.
Godrej Agrovet Limited has launched "Godrej Pride Hog," a scientifically developed pig feed range for Starter, Grower, and Finisher variants, aimed at enhancing pig health and growth in the North East.
L&T Technology Services Limited and its wholly owned subsidiary, L&T Technology Services LLC, completed the acquisition of 100% shares of Intelliswift Software (India) Private Limited and Intelliswift Software Inc.
BLS International Services Limited announced that its subsidiary, BLS International FZE, has subscribed to 100% share capital of BLS International Jordan for 5,000 JOD, focusing on visa and passport processing in Jordan.
Nazara Technologies Limited has acquired 35.07% equity in Moonshine Technology Private Limited (MTPL) for ₹608.32 crore in cash, with the balance to be settled by January 31, 2025.
JSW Infrastructure Limited has entered into a Concession Agreement with the Railway Administration (Northern Railway) for the Container Train Operator Licence acquired from Sical Multimodal and Rail Transport Limited.
Swan Energy Limited renamed its acquired entity, Reliance Naval and Engineering Limited (RNEL), to "Swan Defence and Heavy Industries Limited," effective January 2, 2025.
Intellect Design Arena Limited has integrated Thales payShield HSM into its eMACH.ai Cards platform, enhancing security and compliance for financial institutions.
Sterling Holiday Resorts has launched Sterling Brookstone Coorg, offering villa and cottage-style accommodations with modern amenities in the Western Ghats near Madikeri.
Bharti Airtel Limited has acquired a 26% equity stake in AMP Energy Green Three Private Limited for ₹37.89 crore to secure cost-effective renewable energy from a 50 MW hybrid wind-solar power plant in Rajasthan.
PB Fintech Limited has incorporated a wholly-owned subsidiary named "PB Healthcare Services Private Limited" on January 1, 2025.
Indian Railway Finance Corporation (IRFC) and REMC Ltd. have signed an MoU to collaborate on financing renewable energy projects for Indian Railways, supporting its net-zero carbon emissions goal by 2030.
Balmer Lawrie & Co. Ltd. has announced an equity funding of ₹1 crore to NapTapGo, a startup innovating in AI and IoT-integrated pod hotels under its Startup Fund program.
Optiemus Unmanned Systems Private Limited has partnered with LS Spectrum Solutions Pvt. Ltd. to market and distribute drone-based spectrum analysis solutions in India.
Rajesh Exports Limited
Subscribed to 2.55 crore shares of its wholly-owned subsidiary, ACC Energy Storage Private Limited, at ₹10 per share with a ₹50 premium.
Reduced its stake in ACC Energy Storage to 51.05% following the issuance of 2.45 crore shares to another entity.
Gravita India Limited has commenced commercial production of recycled aluminum alloys at its new Ghana plant with an initial capacity of 4,000 MTPA, expandable to 8,000 MTPA.
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Jupiter Life Line Hospitals Limited has added 78 new operational beds at its Indore Hospital, increasing total capacity to 1,061 beds across its network.
PTC Industries Limited has commissioned India’s first private-sector Vacuum Arc Remelting (VAR) furnace for aerospace-grade titanium alloy ingots, with an annual capacity of 1,500 MT.
Suven Pharmaceuticals Limited has completed the amalgamation of its wholly owned subsidiary, Casper Pharma Private Limited, into itself, effective January 1, 2025.
Jupiter Wagons Limited has increased its stake in its subsidiary, Jupiter Electric Mobility Private Limited (JEMPL), from 60% to 75% through a preferential issue and share transfer.
Mahindra Lifespace Developers Limited has invested ₹126 crore in Mahindra Industrial Park Chennai Limited (MIPCL) through a rights issue to expand the industrial park in Tamil Nadu.
PNC Infratech Limited has received in-principle approval from NHAI to divest its subsidiary, PNC Rajasthan Highways Private Limited, to Highways Infrastructure Trust (InvIT).
Sun Pharmaceutical Industries Limited has entered into an agreement to sell its step-down subsidiary, Sun Pharma Japan Technical Operations Limited, to Zaza Industrial Holdings K.K., Japan.
The Ramco Cements Limited has commissioned a new 2 MW Waste Heat Recovery Turbine at its Alathiyur cement plant, increasing its waste heat power capacity to 4 MW.
LT Foods Limited has acquired a 17.5% stake in Nature Bio-Foods Limited from India Agri Business Fund II Limited for ₹110 crore, making it a wholly owned subsidiary.
Network18 Media & Investments Limited announced that Viacom18 Media Private Limited has ceased to be its subsidiary following equity conversion by Reliance Industries Limited.
SJVN Limited has signed an MoU with the Government of Bihar to develop the 1,000 MW Hathidah Durgawati Pumped Storage Project with an estimated investment of ₹10,000 crore.
Power Grid Corporation of India Limited (POWERGRID)
Jointly incorporated "Rajasthan Power Grid Transmission Company Limited" with Rajasthan Rajya Vidyut Prasaran Nigam Limited for intra-state transmission systems in Rajasthan.
Acquired Rajasthan IV 4A Power Transmission Limited for ₹18.37 crore to establish transmission systems for Rajasthan REZ Ph-IV.
Puravankara Limited has increased its stake in Pune Projects LLP from 32% to 68.26% through a cash investment and settlement of ₹19 crore.
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Infibeam Avenues Limited has launched the CCAvenue SoundBox, a tap-to-pay POS device with features like QR code generation and real-time transaction alerts.\
Clean Science and Technology Limited has commenced commercial production of 2,5-Dihydroxy-1,4-Dithiane (DHDT) through its subsidiary Clean Fino-Chem Limited.
Adani Enterprises Limited announced its complete exit from Adani Wilmar Ltd (AWL) by selling its ~44% stake to Wilmar International and others.
EaseMyTrip has opened its 24th franchise store in Raipur, Chhattisgarh, offering a range of travel services, with plans for 100 stores by FY25.
Aether Industries Limited has commissioned a 15 MW Solar Power Project, expected to save ₹150 million annually in energy costs.
Datamatics Global Services Ltd. received a Certificate of Appreciation for Excellence in Corporate Governance from the ICSI in the Emerging Category.
Reliance Digital Health Limited (RDHL) has acquired a 45% stake in Health Alliance Group Inc. for $10 million.
Prestige Estates Projects Limited has subscribed to a 49% equity stake in WSI Falcon Infra Projects Pvt. Ltd. for IT park development in Chennai.
Lupin Limited has acquired Huminsulin®, a range of human insulin products from Eli Lilly in India, strengthening its diabetes care portfolio.
Bharat Forge Limited has completed the acquisition of a 25% stake in Edgelab S.p.A. as part of a Cornerstone Investment Agreement.
Hindalco Industries Ltd. has secured the allocation of the Meenakshi Coal Mine in Odisha, enhancing resource securitization for aluminum smelting operations.
Mahindra & Mahindra Limited has incorporated Ultrogen Hybren Private Limited to focus on renewable energy, including rooftop solar installations.
The Phoenix Mills Limited has incorporated Sparkle Three Mall Developers Private Limited for real estate activities as part of its expansion plans.
Adani Green Energy Limited
Commissioned a 62.4 MW wind power project through Adani Renewable Energy Forty Eight Limited.
Commissioned a 112.5 MW solar power project through Adani Green Energy Twenty Four A Limited.
Bikaji Foods International Limited has incorporated a wholly owned subsidiary, Bikaji Bakes Private Limited, to manufacture bakery products.
Gujarat Alkalies and Chemicals Limited (GACL) has partnered with Aditya Birla Renewables Limited to establish a 62.7 MW Renewable Hybrid Power Project in Gujarat.
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Charts of the Week
LLOYDS ENGINEERING WORKS LTD.
PARADEEP PHOSPHATES LTD.
ITI LTD.
BLUESTAR CO. LTD.
(Only for illustrative purpose. Not Recommendatory)
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All information is sourced from publicly available data, and while every effort has been made to ensure the accuracy and reliability of the information provided in these notes from the management meeting, Ayush Agarwal Research cannot guarantee that the information is complete or free from errors.
I, Ayush Agrawal, am registered with SEBI as an Individual Research Analyst under the registration number INH000013013, effective from September 14, 2023.
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