Microcap Minute Free Newsletter #9

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 14th December 2024 to 20th December 2024

• NBCC (India) Limited

  • Received a work order worth ₹200.60 crore from Oil India Limited for constructing a new OIL Hospital in Duliajan, Assam, on a turnkey basis.

  • HSCC (India) Limited, a wholly owned subsidiary, secured a ₹98.17 crore order from DMER, Mumbai, for setting up an E-Library for Government Medical and Dental Colleges.

  • Received orders worth ₹489.60 crore, including ₹459.60 crore for Eklavya Model Residential Schools in Chhattisgarh and ₹30 crore for a permanent building in Jaipur.

• Steel Strips Wheels Limited (SSWL): Secured a €15 million export order for steel wheels from a European OEM, to be executed over six years, starting by CY2026-end.

• MTAR Technologies Ltd: Secured ₹226 crore worth of orders, including ₹191 crore from Bloom Energy in Clean Energy and ₹35 crore from aerospace customers like Rafael, IMI Systems, and IAI.

• Jyoti Limited: Switchgear Division secured a ₹32.89 crore order from GETCO for 420 units of 11 KV VCB Panels, with delivery by May 3, 2025.

• Atishay Limited

  • Secured a ₹19.95 lakh work order for Smart Classroom integration at Government College of Pharmacy, Himachal Pradesh.

  • Awarded a ₹5.57 crore order for printing and delivering PVC Ayushman/CHIRAYU cards across 14 districts in Haryana within 120 days.

• United Drilling Tools Ltd. (UDTL): Secured a ₹552 MN order from ONGC Ltd. for supplying Large OD casing pipes with multi-start connectors, to be completed in 6 months.

• Cupid Limited: Received purchase orders worth ₹18.20 crore from UNFPA for male and female condoms, to be executed between March and May 2025.

• NTPC Limited: Announced the commercial operation of a 30 MW capacity at its Gujarat Solar PV Project, increasing NTPC Group’s total capacity to 76,560.68 MW.

• GE Vernova T&D India Limited: Received a ₹400 crore order from Sterlite Grid 32 Limited for HV equipment supply and supervision for a TBCB project over two years.

• Zodiac Energy Limited: Secured its first international rooftop solar order from Zambia for a 2 MWp Grid-Tied Rooftop Solar System with BESS, valued at USD 720,626, to be completed by February 28, 2025.

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• Deep Industries Limited: Received a USD 7.30 million (₹62 crore) LOA from Selan Exploration Technology Limited for Integrated Drilling Services over 18 months.

• South West Pinnacle Exploration Limited (SWPE): Secured a ₹60 crore LOA from Oil India Limited for Passive Seismic Tomography (PST) services in Northeast India.

• Mazda Limited: Received an export order worth USD 11.67 million (₹98 crore) for manufacturing a Multi-Effect Evaporator for a ZLD Plant, to be executed within 9 months.

• RITES Limited: Secured a ₹122.60 crore order from Meerut Development Authority for consultancy services for infrastructure works over five years.

• Mehai Technology Limited: Received two work orders from West Bengal Public Health Engineering Directorate under Jal Jeevan Mission, totaling ₹40.21 lakh for sinking deep tubewells.

• JSW Energy: Secured 445 MW renewable energy projects in the Commercial and Industrial power market, increasing total locked-in capacity to 20 GW.

• Rail Vikas Nigam Limited (RVNL): Received a ₹270.08 crore LOA for constructing 10 elevated metro stations in Nagpur Phase-2, to be completed in 30 months.

• Texmaco Rail & Engineering Limited: Secured a ₹187.41 crore order for 132KV transmission lines in Chhattisgarh, to be executed in 15 months.

• RailTel Corporation of India Ltd.: Received a ₹37.99 crore order from Central Warehousing Corporation for SITC of CCTV systems, to be completed by May 16, 2025.

• Alphageo (India) Limited: Secured two ONGC contracts worth ₹118.63 crore for 2D Seismic Data Acquisition in Chhattisgarh and Krishna-Godavari regions.

• Waaree Energies Limited: Received orders for 398 MW solar PV modules, with delivery to begin in FY 2025-26.

• Happy Forgings Ltd.: Secured a ₹140 crore order for crankshaft supplies for passenger vehicles from FY26-FY31.

• HBL Engineering Limited: Received a ₹1,522.40 crore order from Chittaranjan Locomotive Works for TCAS equipment in 2,200 locomotives, to be completed in 12 months.

• Afcons Infrastructure Limited: Awarded a ₹1,006.74 crore contract for the Bhopal Metro Rail Project, to be completed in 36 months.

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All Caps Updates between 14th December 2024 to 20th December 2024

• Shilpa Medicare Limited has received a GMP Certification from the EMA, Austria, for its Unit VII in Nacharam, Hyderabad. This certification, following a successful inspection in September 2024, strengthens Shilpa’s global pharmaceutical capabilities.

• Alembic Pharmaceuticals Limited has received USFDA Final Approval for its Divalproex Sodium Delayed-Release Capsules USP, 125 mg, marking its 193rd ANDA approval and reinforcing its US market presence.

• Tata Consultancy Services (TCS) has expanded its partnership with Bank of Baroda to deploy its Financial Inclusion Gateway Solution for the next five years, serving over 6 crore customers in unbanked areas.

• Thermax Limited has completed the acquisition of 100% equity share capital of Buildtech Products India Private Limited, making it a wholly owned subsidiary.

• Tata Power Renewable Energy Limited (TPREL) has partnered with Canara Bank to promote the PM Surya Ghar Scheme, offering affordable financing options for rooftop solar installations to Indian households.

• Maruti Suzuki India Limited will showcase its first eBorn Electric SUV, the e VITARA, at the Bharat Mobility Global Expo 2025. The company will also introduce an EV ecosystem, including charging solutions.

• Bharti Airtel

  • Partnered with ZEE5 to offer content to Airtel WiFi customers on plans starting at ₹699 at no additional cost.

  • Prepaid ₹3,626 crores to the Department of Telecom, clearing its 2016 spectrum liabilities.

  • Partnered with the Indian Army to provide connectivity to remote villages in North Kashmir under the PM Vibrant Village Programme.

• JSW Steel Limited announced the merger of its US subsidiaries, Purest Energy, LLC with Periama Holdings LLC, and Caretta Minerals, LLC with Planck Holdings LLC.

• JSW Infrastructure aims to expand its cargo-handling capacity to 400 MTPA by FY30, with an estimated capex of ₹30,000 crores and a focus on sustainable growth.

• NODWIN Gaming has acquired AFK Gaming for ₹7.6 crore, strengthening its esports content production and distribution capabilities.

• Adani Energy Solutions Limited has incorporated a wholly owned subsidiary, Adani Energy Solutions Step-Ten Limited, focusing on power transmission and infrastructure services.

• Zydus Lifesciences has received USFDA approval for Lidocaine and Prilocaine Cream USP, 2.5%/2.5%, manufactured at its Changodar facility in Ahmedabad.

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• EaseMyTrip has partnered with OLX India to launch a dedicated ‘Travel’ section, enhancing EaseMyTrip’s reach in tier 2 and 3 cities.

• Karur Vysya Bank has announced the opening of two new branches in Andhra Pradesh and Telangana to enhance its customer reach.

• Infosys Foundation has signed a four-year MoU with INAE to transform engineering education in India, investing over ₹38 crore.

• BASF India Limited has approved the demerger of its Agricultural Solutions business into a separate listed entity to enhance operational flexibility.

• ABB India Limited reported that 85% of its integrated gas analyzer systems manufactured at its Bengaluru facility in 2024 were exported to international markets.

• KFin Technologies Limited has joined BlackRock’s Aladdin Provider Network to enhance its fund administration and accounting services.

• Wipro Limited has incorporated Capco Consulting Middle East FZE in Dubai to explore new business opportunities in the UAE.

• Brigade Group has launched Brigade Citrine, India’s first net-zero residential development, in Bengaluru, with an estimated GDV of ₹500 crores.

• FDC Limited has received USFDA approval for its Cefixime 400 mg Tablets, strengthening its pharmaceutical portfolio.

• HCLTech has launched an innovation lab for SAP Business AI in Munich, Germany, focusing on GenAI-led solutions for digital transformation.

• ixigo has launched the ‘Travel Guarantee’ feature, offering 3X refunds on unconfirmed waitlisted train tickets.

• Infosys has inaugurated a 320,000 sq. ft. Development Center in Kolkata, accommodating over 4,000 employees.

• Borosil Renewables Limited has approved a ₹675 crore expansion of its production capacity by 500 TPD at its Bharuch, Gujarat facility.

• Suprajit Engineering Ltd. and its subsidiary have invested in a solar power plant in Karnataka to source renewable solar power.

• Adani Airport Holdings Ltd. has incorporated World Plate Collective Cuisines Pvt. Ltd. for developing lounges, hotels, and food services.

• Lloyds Metals and Energy Ltd. has approved several initiatives, including investments in solar projects and guarantees for group companies.

• F.I.L.A. S.p.A. has launched a placement of up to 4.57% of DOMS Industries Ltd.’s equity shares to enhance liquidity.

• TBO Tek Limited has incorporated TBO Tek Israel Ltd. to provide business support services as part of its expansion plans.

• ABB has signed an agreement to acquire the power electronics business of Gamesa Electric from Siemens Gamesa.

• ITC Limited has consolidated its shareholding in EIH Limited and HLV Limited, enhancing its presence in the hospitality sector.

• Sanghvi Movers Limited has incorporated a wholly owned subsidiary in Saudi Arabia to expand its crane rental business.

• Sun Pharma Advanced Research Company Ltd. (SPARC) has signed an LOI with UCSF and Tiller Therapeutics Inc. to license an oncology asset.

• Granules India Limited‘s subsidiary has received USFDA approval for Lisdexamfetamine Dimesylate Chewable Tablets, addressing a drug shortage in the US.

• Thomas Cook India Limited has opened a new franchise outlet in Gurugram, expanding its Delhi-NCR presence.

• LT Foods Ltd. has launched DAAWAT® Jasmine Thai Rice, catering to the demand for gourmet cuisines in India.

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• Mahindra & Mahindra has partnered with Coromandel International to provide drone spraying services for Indian farmers.

• Nazara Group’s Paper Boat Apps has partnered with Moonbug Entertainment to integrate “Little Angel” into its Kiddopia app.

• Supriya Lifescience Ltd. has inaugurated its Module E production block in Maharashtra, increasing production capacity by over 55%.

• Gulf Oil Lubricants India Limited has renewed its partnership with Piaggio Vehicles Pvt. Ltd. for high-quality lubricants.

• Indian Metals & Ferro Alloys Ltd. (IMFA) has entered into a term sheet with JSW Green Energy for renewable power supply.

• Birla Estates Private Limited has acquired a 70.92-acre land parcel in Boisar for ₹104.3 crore to expand its residential developments.

• Sonata Software has launched IntellQA, an AI-powered test automation platform under its Harmoni.AI suite.

• Alkem Laboratories Limited has invested in a solar power project through its subsidiary to align with renewable energy goals.

• Proximus Group has created Proximus Global by integrating BICS, Telesign, and Route Mobile, valued at EUR 3.1 billion.

• SKF India Limited has incorporated SKF India (Industrial) Limited to facilitate its Industrial Business demerger.

• Adani Energy Solutions Limited has incorporated Adani Energy Solutions Step-Eleven Limited for power transmission and distribution services.

• Wockhardt Limited has announced successful treatment using Zaynich™ for drug-resistant infections under compassionate use.

• Mastek Limited has attained AWS Well-Architected Partner Status, enhancing its cloud solutions expertise.

• Caplin Steriles Limited has received USFDA approval for Difluprednate Ophthalmic Emulsion, 0.05%, expanding its ophthalmic product portfolio.

• Zydus Lifesciences Limited‘s subsidiary has exercised its Put Option to sell a 6.5% stake in Mylab Discovery Solutions Private Limited for ₹106 crores.

• Varun Beverages Limited has completed the acquisition of Lunarmech Technologies Private Limited, making it a wholly owned subsidiary.

• Patanjali Foods Limited has commenced commercial production at its Niglok Palm Oil Processing Mill in Arunachal Pradesh.

• LTIMindtree has launched an AI-driven Cyber Defense Resiliency Center in Bengaluru for advanced cybersecurity solutions.

• Wipro Limited has signed an agreement to acquire Applied Value Technologies, Inc. to enhance its application services capabilities.

• Avenue Supermarts Limited (DMart) has opened three new stores, bringing its total store count to 387.

• Dixon Technologies (India) Limited has partnered with vivo Mobile India to form a joint venture for electronic devices.

• Godrej Agrovet Limited has been allotted land for oil palm cultivation under the National Mission on Edible Oils – Oil Palm.

• Samvardhana Motherson International Limited (SAMIL) has approved the acquisition of Baldi Industria e Comercio LTDA, enhancing its South American market presence.

• IRB Infrastructure Developers Ltd. has approved implementing the Ganga Expressway Project through its associate IRB Infrastructure Trust.

• Sai Silks (Kalamandir) Limited has opened its 64th store under the Kanchipuram Varamahalakshmi Silks format.

• Trident Limited has restructured its overseas subsidiaries, optimizing governance costs and supporting international growth.

• PNC Infratech Limited‘s subsidiary has received in-principle approval from NHAI for divestment of its interests.

• Hindustan Zinc has announced significant energy savings and expanded its renewable power agreement to 530 MW.

  

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Charts of the Week

1. SALZER ELECTRONICS

   

2. ANANT RAJ

   

3. GENERAL COROPORATION OF INDIA

   

4. KFIN TECHNOLOGIES

   

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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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