Microcap Minute Free Newsletter #8

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 2-part newsletter

• Major Order Wins

• All Caps Updates

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 30th November 2024 to 6th December 2024

• Kalpataru Projects International Limited (KPIL) secured ₹2,174 crore in new orders for elevated metro rail, T&D projects in India and overseas, and a residential building in India, bringing year-to-date inflows above ₹16,300 crore and expanding operations across 75 countries.

• JSW Energy (Utkal) Limited executed the Coal Mine/Block Development and Production Agreement for the BARTAP Coal Mine in Odisha, holding estimated geological reserves of 1,600 MT, obtained as a successful bidder.

• Kernex Microsystems (India) Ltd. received a ₹2,041.40 crore order from Chittaranjan Locomotive Works for supplying, installing, testing, and commissioning 2,500 sets of On-board KAVACH equipment by December 5, 2025.

• NBCC (India) Limited:

  • Its wholly owned subsidiary HSCC secured work orders worth ₹599.35 crore for establishing Hinduhridaysamrat Balasaheb Thackeray Aapla Dawakhana and Radiation Oncology Units in Maharashtra.

  • Received a ₹213 crore work order for various construction activities at Motilal Nehru College, New Delhi.

• Adani Energy Solutions Limited obtained a Letter of Intent from REC Power Development and Consultancy Limited to establish a HVDC transmission system under Phase-III Part-I for evacuating 20 GW from Rajasthan’s REZ, subject to acceptance and conditions within 10 days.

• Tejas Networks was chosen as the primary broadband equipment supplier for the BharatNet Last Mile Connectivity project in Tamil Nadu (TANFINET), supplying advanced GPON and XGS-PON products to connect government institutions and rural households.

• Garden Reach Shipbuilders & Engineers Ltd. (GRSE) signed a contract in Hamburg for the second of four additional 7,500 DWT Multi-Purpose Vessels, maintaining original financial terms.

• RITES Limited was appointed as Project Management Consultant by IIM Raipur for Phase II campus development, valued at ₹148.25 crore over 23 months on a cost-plus basis.

• Advait Energy Transitions Limited received an order from NRSS XXXI (B) Transmission Ltd. for OPGW supply and installation on the 400 KV Kurukshetra-Malerkotla transmission line, to be completed in 7 months.

• Mehai Technology Limited secured orders worth ₹16.24 crore from Leapfrog Engineering Services for maintenance of equipment including GIS, relay retrofitting, and robotic tank inspections, executed between December 10, 2024, and April 30, 2025.

• Tantia Constructions Limited won a ₹151 crore contract from the Directorate of Tourism, Meghalaya, for designing, building, and operating a passenger ropeway at Shillong Peak in EPC mode.

• Sprayking Limited’s subsidiary Narmadesh Brass Industries Limited received an international contract from Green Metals FZCO for 100 tonnes of brass billets worth approximately ₹5 million, to be executed within 45 days.

• Zaggle Prepaid Ocean Services Limited:

  • Signed a one-year agreement with Hitachi India Pvt. Ltd. to provide Zaggle Propel Rewards Solution.

  • Entered a two-year master agreement with Blink Commerce Private Limited for the Zoyer Solution.

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• Nazara Technologies & Lysto signed an LoI to launch “The Growth Protocol,” a Layer-1 blockchain infrastructure for transparent, decentralized marketing in Web3.

• Cyient DLM signed an MoU with Arcedo Systems to set up a 500 kWp rooftop solar plant at its Mysore facility, advancing its sustainability goals.

• Bharti Airtel granted a multi-billion, multi-year extension deal to Ericsson for 4G and 5G RAN products in India, enhancing speed, capacity, and reliability.

• Hindustan Aeronautics Limited (HAL) received Acceptance of Necessity for six Advanced Light Helicopters for coastal security, part of ₹21,772 crore defense acquisitions.

• L&T Technology Services (LTTS) secured a $50 million multi-year contract with a global network solutions firm to provide Product Integration Services in North America.

• Lemon Tree Hotels got a LoA from the Government of Meghalaya to redevelop, operate, and maintain Orchid Hotel in Shillong as Aurika, featuring ~120 rooms within 3 years.

• RailTel Corporation of India Ltd. received a ₹10.64 crore work order from Gail (India) Ltd. for MPLS and leased line connectivity, scheduled for completion by February 11, 2025.

• Zaggle Prepaid Ocean Services Limited signed a five-year agreement with AGP City Gas Private Limited for the Zaggle Fleet Program.

• Rail Vikas Nigam Limited (RVNL) received an LoA from East Central Railway for a ₹186.77 crore traction system upgrade in the Gomoh-Patratu section, to be completed in 540 days.

• Eimco Elecon (India) Limited had its coal mining equipment order from JMS Mining reduced by ₹9.39 crore, following a previous ₹23.18 crore reduction.

• Sterling and Wilson Renewable Energy Limited (SWREL) obtained a ₹504 crore LoA for a 305 MW AC / 396 MWp DC solar PV plant in Rajasthan.

• Solar Industries India Limited and its subsidiary secured ₹2,039 crore export orders for defense products over four years.

• Advait Energy Transitions Limited qualified for a 50 MW/500 MWh battery energy storage system project in Gujarat under Tariff-Based Bidding Phase-IV.

• Protean eGov Technologies Limited received a ₹161 crore order from CERSAI to implement and maintain CKYCRR 2.0 over 69 months.

• Waaree Energies Limited secured orders for 364 MWp and 160 MWp of solar PV modules from domestic renewable power clients, starting from FY 2024-25.

• ARAPL RaaS Private Limited booked USD 4 million in orders as ongoing operations.

• KPI Green Energy Limited got an LoA from Coal India to set up a 300 MWAC solar PV plant in Khavda, Gujarat, with a 5-year O&M contract.

• H.G. Infra Engineering Limited qualified as a bidder for a 250 MW/500 MWh battery storage system in Gujarat (Phase-IV with VGF), to be completed in 18 months.

• Cochin Shipyard Limited (CSL) signed a ~₹1,000 crore contract with the Ministry of Defence for Short Refit & Dry Docking of a large Indian naval vessel in ~5 months.

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All Caps Updates between 30th November 2024 to 6th December 2024

• Landmark Cars Limited executed an Asset Transfer Agreement to acquire a Kia showroom in Bowenpally, Hyderabad, marking its second Kia showroom in the city and fifth in the country.

• Thomas Cook (India) Limited and SOTC Travel reported a 33% surge in online searches for winter tourism, driven by demand for festive and adventure experiences in destinations like Switzerland, France, Kashmir, Georgia, and Iceland.

• Samvardhana Motherson International Limited (SAMIL) approved the acquisition of 95% equity in Japan-based Atsumitec Co., Ltd. for ~JPY 8.5 billion (~USD 57 million), expanding its chassis and transmission parts business globally.

• SBI Card surpassed 2 crore cards in force, achieving 25% CAGR in cards and 26% CAGR in spends between FY19 and FY24, showcasing industry leadership.

• Power Finance Corporation Limited (PFC) incorporated NER Expansion Transmission Limited to handle preparatory activities for the North-Eastern Region Expansion Scheme-XXV Part-A project.

• CEAT Limited entered a $225 million agreement with Michelin to acquire the Camso Off-Highway tyre and tracks business, including two Sri Lankan manufacturing facilities and global brand rights.

• Zen Technologies Limited partnered with AVT Simulation to develop advanced defense training solutions for the U.S. defense market.

• Advanced Enzyme Technologies Limited announced that subsidiary Advanced Enzymes USA will establish Starya Labs, Inc. in California to provide enzyme and probiotic testing services.

• Lemon Tree Hotels

  • Signed a license agreement for Lemon Tree Resort in Pavagadh, Gujarat, featuring 44 rooms and amenities, expected to open in FY27.

  • Signed another agreement for Keys Select by Lemon Tree Hotels in Kufri, Himachal Pradesh, with 49 rooms, opening in FY26.

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• Electronics Mart India Limited opened a new multi-brand Bajaj Electronics store in Bhavanipuram, Vijayawada, spanning 6,300 square feet.

• Krishna Institute of Medical Sciences Limited (KIMS) increased its stake in Arunodaya Hospitals Private Limited from 67.66% to 70.66% for ₹2.25 crore.

• Shriram Pistons & Rings Ltd. renewed its Technical Collaboration Agreement with Fuji Oozx Inc., Japan, for five years to enhance production of advanced engine/poppet valves.

• Aurobindo Pharma Limited subsidiary Eugia Pharma Specialities received USFDA approval for Pazopanib Tablets (200 mg), targeting a $106 million market.

• Alembic Pharmaceuticals received tentative USFDA approval for Olopatadine Hydrochloride Ophthalmic Solution (0.7%) for itchy eyes, addressing a $22 million market.

• Mahindra Holidays & Resorts India Limited expanded Club Mahindra Kandaghat by over 100 rooms, making it a 200+ key property with sustainability initiatives.

• Suzlon and Jindal Renewables announced a 302.4 MW wind power project in Karnataka, Suzlon’s largest commercial and industrial order.

• CarTrade Tech platforms CarWale, BikeWale, and OLX India each surpassed 150 million yearly unique users, with Q3 FY25 PAT expected to grow by 25-30% over Q2 FY25.

• LTIMindtree partnered with Voicing.AI to develop advanced agentic AI voice solutions in over 20 languages.

• Mphasis launched a Cyber Fusion Center in Bangalore to enhance cybersecurity using AI-powered threat detection and response systems.

• Royal Enfield inaugurated its first standalone CKD assembly plant in Thailand, with a capacity of 30,000 units annually.

• Sonata Software achieved AWS Generative AI Competency, showcasing expertise in integrating generative AI for digital transformation.

• Hero MotoCorp launched VIDA V2 series electric scooters in three variants with IDC range up to 165 km and extensive charging infrastructure.

• Torrent Pharmaceuticals acquired three Boehringer Ingelheim anti-diabetes brands, strengthening its diabetes portfolio in the ₹3,235 crore SGLT-2 inhibitor market.

• KPIT Technologies completed the acquisition of Technica Group and Tunisia-based KPIT Engineering SUARL for €14.5 million.

• Blue Dart launched the Affiliate Program (BDAP) to collaborate with tech partners for logistics integrations and incentives.

• Kirloskar Pneumatic Company Limited (KPCL) acquired a 55.26% stake in Systems and Components (India) Private Limited for ₹15.50 crore.

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• Larsen & Toubro Limited (L&T) acquired a 15% stake in E2E Networks Limited via preferential allotment, with an additional 6% stake to be finalized by May 30, 2025.

• Tata Power Renewable Energy Limited commissioned a 431 MW DC solar project in Neemuch, Madhya Pradesh, offsetting 7,80,300 tonnes of CO₂ annually.

• Gland Pharma Limited received USFDA approval for Latanoprost Ophthalmic Solution, 0.005%, targeting a $111.6 million market.

• Tata Consultancy Services (TCS) partnered with the Bank of Bhutan to modernize its digital core using TCS BaNCS™ Global Banking Platform.

• Wipro Limited launched CyberTransformSM Optimization Service in partnership with Netskope to enhance global enterprise cybersecurity.

• Ambuja Cements partnered with Coolbrook to adopt zero-carbon RotoDynamic Heater™ (RDH™) technology for cement production.

• Swan Energy Limited resumed shipyard operations at RNEL, completing the Indian Coast Guard vessel refit ahead of schedule.

• Coal India Limited and Bharat Petroleum Corporation Limited (BPCL) signed an MoU to explore a Coal-to-Synthetic Natural Gas Project at Western Coalfields Limited using surface coal gasification.

• Chambal Fertilisers and Chemicals Limited (CFCL) partnered with TERI to establish the “CFCL-TERI Centre of Excellence” for advanced and sustainable agriculture solutions.

• TVS Motor Company Limited subsidiary Sundaram Auto Components sold its injection-molded plastics division to Pricol Precision Products for ₹215.3 crore.

• Nazara Technologies Limited

  • Invested ₹196 crore to acquire stakes in Funky Monkeys, Learntube.ai, Sportskeeda, Nodwin Gaming, and Datawrkz to drive growth in gaming, esports, and digital ad tech.

• MOIL Limited revised manganese ore prices, decreasing Ferro grades (≥44%) by 3%, increasing Ferro grades (<44%) by 3%, and raising chemical grades by 5%.

• MapmyIndia CEO Rohan Verma will transition to non-executive director in April 2025, with MapmyIndia investing ₹35 crore in his new B2C venture.

• Biocon Biologics received USFDA approval for YESINTEK™ (biosimilar to Stelara®), expected to launch in February 2025 in the U.S. market.

• CESC Limited subsidiary Purvah Green Power acquired Bhojraj Renewables Energy for ₹4.66 crore to strengthen its renewable energy portfolio.

• Safari Industries subsidiary Safari Manufacturing commenced production at its new Jaipur greenfield facility on December 2, 2024.

  

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