Rail Vikas Nigam Limited secured a ₹903 crore Letter of Award from SJVN Thermal for the Buxar Thermal Power Project, adding to its robust order book of ₹93,492 crore as of June 2026. The project involves constructing a permanent siding with aerial connection for the 1320 MW thermal plant, with execution spread over 36 months.
Management has guided for 15% top-line growth in FY27, with EBITDA margins targeted at 5-7% over the next three years. Transcripts +2
Mazagon Dock Shipbuilders Limited is making waves beyond shipbuilding. The company won a ₹118 crore order from Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) for an AI-based Comprehensive Infrasecure Project covering five substations. This marks Mazagon's entry into power transmission infrastructure, leveraging AI capabilities originally developed for shipbuilding applications. The company is actively pursuing diversification across offshore oil & gas (~₹6,500 crore contracts), commercial shipbuilding, and export markets to reduce dependence on its traditional single client—the Ministry of Defence. Others +2
Brigade Enterprises launched Brigade Barcelona in Hyderabad's Neopolis, targeting ₹2,700 crore in revenue potential. The project features 3BHK, 3.5BHK, and 4BHK premium residences priced from ₹3.87 crore onwards, with possession expected by December 2030. This launch strengthens Brigade's presence in Hyderabad, which currently contributes 15% to pre-sales. However, the 4+ year execution timeline introduces project completion risks typical of large-scale real estate developments. The company's FY27 launch pipeline includes 3.0 mn sft planned for Hyderabad, part of an 11.6 mn sft overall expansion. Transcripts +2
Lemon Tree Hotels signed two properties in Bodhgaya, Bihar, adding 145 rooms to its portfolio. The properties—Lemon Tree Hotel (75 rooms) and Keys Select by Lemon Tree Hotels (70 rooms)—target the pilgrimage and leisure segments in this culturally significant destination. While the company doesn't break out eastern India-specific performance metrics, its overall Q1 FY27 showed gross ARR of ₹6,361 (up 2% YoY) and occupancy of 75.7% (up 314 bps YoY). This expansion builds on Lemon Tree's existing presence in Bihar, where it operates two hotels with three more in the pipeline. InvestorPresentations
Lupin Limited received US FDA approval for Modafinil Tablets USP (100 mg and 200 mg), targeting a reference drug market valued at USD 70.7 million annually. The approval strengthens Lupin's position in the central nervous system segment, where the company already ranks #3 in US pharmaceuticals by prescriptions with 4% TRx volume share. Lupin's US business generated ₹116,783 million ($1.4 billion) in FY2026, representing 46% YoY growth and 42% of global sales. Complex generics now account for 35% of US revenues, projected to reach 49% by FY30. InvestorPresentations +3
Cohance Lifesciences faces regulatory headwinds after receiving a Form 483 with four observations from the US FDA for its Shamshabad, Telangana FDF plant following a 9-day inspection. This follows a pattern of regulatory challenges, including a Warning Letter for the Nacharam facility and five observations at Pashamylaram. The company reported Q1 FY27 revenue of ₹422.3 crore, a 23.1% YoY contraction. Cohance operates as a global CRDMO with 20+ facilities, working with 19 of the top 20 global innovators. The regulatory scrutiny could temporarily affect new US business development from affected facilities until full compliance is restored. Others +2
JSW Steel reported consolidated crude steel production of 24.65 lakh tonnes in August 2026, up 3% YoY. Domestic production grew 4% to 23.87 lakh tonnes, while US operations declined 11% to 0.78 lakh tonnes. The company maintained 88% capacity utilization for Indian operations during the month. The domestic growth was driven by strong infrastructure spending and demand from the automotive and real estate sectors. The US operations decline, while impacting fixed cost absorption at the Ohio facility, is limited in scale—US operations contribute only about 3% to consolidated production. JSW's combined capacity of 37.9 MTPA is expected to rise to 54.8 MTPA over the next four years. InvestorPresentations
Tata Motors launched an all-cash voluntary tender offer to acquire Iveco Group for €14.10 per share, valuing the Italian commercial vehicle maker at approximately €3.82 billion. The offer, made through TML CV Holdings B.V., runs from September 7 to October 26, 2026. Exor N.V., Iveco's largest shareholder with 27.06% of common shares, has irrevocably committed to support the offer. The combined entity would have annual sales of approximately 590,000 units, creating a stronger global commercial vehicle business with complementary product portfolios and minimal geographic overlap.
Prime Focus Limited approved raising up to ₹3,000 crore through multiple instruments including QIP, ADR/GDR, preferential issue, rights issue, or debt securities. The company also increased its authorized share capital from ₹85 crore to ₹100 crore. With a current market cap of ₹23,908 crore and annual revenue of ₹4,675.81 crore, the fund raise represents about 12.5% of market cap. Prime Focus reported a quarterly net loss of ₹41.33 crore but delivered a 1-year stock return of 116.18%. The capital infusion aims to strengthen the balance sheet and fund growth in global VFX and streaming markets.
CIE Automotive India invested ₹120.76 crore in its wholly-owned subsidiary CIE Hosur Limited through a rights issue of 69.4 lakh shares at ₹174 per share. The investment will help CIE Hosur repay intercorporate loans and fund CAPEX, improving the subsidiary's leverage profile. CIE Automotive India reported Q2 CY26 net profit of ₹236 crore (+15.5% YoY) and revenue of ₹2,621 crore (+11% YoY). The company's ROCE has shown improvement over the past five years, reaching 14.83% in December 2025.
Eicher Motors launched the Royal Enfield Himalayan 440 at ₹2.29 lakh ex-showroom, creating a more accessible entry point into the adventure touring segment. The bike features a 443 cc air-cooled engine producing 25.42 PS @ 6,250 rpm and 34 Nm @ 4,000 rpm. This pricing creates a meaningful ₹1.26 lakh differential from the Himalayan 450, enabling Royal Enfield to capture a broader customer base while maintaining premium positioning. Eicher Motors achieved its highest-ever annual volumes in FY 2025–26 at 1,227,977 units, with revenue increasing 24% YoY to ₹23,408 crore.
The US strike on three Iranian oil tankers following Iranian ballistic missile attacks has significant implications for Indian Oil Marketing Companies. Brent crude is trading at $96.28 per barrel, up 21.18% month-over-month and 46.99% YoY. India imports approximately 90% of its crude oil needs, with about 40% passing through the Strait of Hormuz. A $10 increase in crude prices could raise India's annual import bill by nearly $14 billion and widen the current account deficit by 0.35% of GDP. Indian OMCs' gross refining margins have shown recovery, reaching $9-13 per barrel in Q4 FY26, supported by discounted Russian crude. However, the conflict threatens to disrupt supply chains, increase input costs, and significantly impact working capital requirements.
