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December 31, 2025 TOP NEWS Bharat forge: Ministry of Defence
has awarded a Rs 1,662 crore contract for supply of 255,128 CQB
Carbines to the Indian Army. The order is set for execution within
five years. The 5.56 x 45 mm Close Quarter Battle (CQB) Carbine is an
indigenously designed, developed, and manufactured (IDDM) compact firearm
jointly developed by Armament Research & Development Establishment
(ARDE), Defence Research and Development Organisation (DRDO) and Bharat Forge Ltd. Positive Rites: Received a letter of award for the supply of
in-service cape gauge diesel electric locomotives from Berhard Development
Corporation (Private) Ltd, Zimbabwe. The contract is valued at $3,600,000 and
is to be executed over a period of three months. Positive Tata Steel: The government announced the
implementation of an anti-dumping duty on imports of non-alloy and alloy
steel flat products for a period of three years. The duty will stand at 12%
when imports are made during the April 21, 2025 - April 20, 2026 period, fall to 11.5% for April 21, 2026 - April 20,
2027 period and then to 11% for the April 21, 2027 - April 20, 2028 period.
Positive read through for steel sector Indian Hotels Company (IHCL): The company has sold its entire
25.52% stake in Taj GVK Hotels & Resorts Ltd to promoters GVK-Bhupal
family for Rs. 592 crore. The transaction marks the
end of the joint venture between the two parties. IHCL will, however,
continue to manage six existing properties and a planned hotel in Bengaluru
as part of a long-term agreement. IHCL's exit from Taj GVK is part of its
asset light growth strategy. This would increase the company’s capital light
inventory to 67% and unlock capital for high-margin growth. Positive Privy Specialty Chemicals: Vivira
Investment and Trading Pvt., a promoter entity of Privi
Speciality Chemicals Ltd., will offload stake worth
Rs 700 crore via block deal. The indicative price band has been set at Rs
2,835 to Rs 2,850 per share, translating to an 11.14% discount to the
previous close of Rs 3,190.50. Negative Indigo: The Additional Commissioner of CGST- Delhi
South Commissionerate has levied a penalty and GST demand of Rs 458 crore on
compensation received from foreign supplier and denial of Input Tax credit.
The company strongly believes that the order passed by the GST department is
erroneous and not in accordance with law, backed by advice from external tax
advisors. Negative Powergrid: Received a letter of award for setting up a
large-scale battery energy storage system in Andhra Pradesh. PowerGrid will
implement a 150 MW/300 MWh standalone battery energy storage system at the
400/220 kV sub-station at Kalikiri in Chittoor
district of Andhra Pradesh. Positive Premier Energies: Company wins orders worth Rs 2,307
crore in Q3FY26 from various domestic IPP’s and Indian customers. Order
execution scheduled across FY27 and FY28 Company is targeting 10.6 GW solar
cell and 11.1 GW module capacity by September 2026.
Viewpoint: Lemon Tree Hotels
– Growth prospects stay strong View:
Positive
Reco. Price: Rs. 162
Upside
potential: 29%
Valuation
(Consolidated)
Rs. crore
OTHER NEWS Muthoot
Finance: The Board of Directors of Muthoot Money, a subsidiary of the
company, has completed the allotment of 3,25,139 equity shares to Muthoot
Finance against funds of Rs 500 crore via a rights issue. Funds raised
through the rights issue will be utilised for business funding, general
corporate purposes, and repayment of existing loans. |
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