Several companies are expected to be in focus on Monday following significant corporate announcements made after Friday's market hours. JSW Energy successfully commissioned the 150 MW Tidong Hydro Project in Kinnaur, Himachal Pradesh, ahead of its scheduled October 2026 timeline. The run-of-river plant operates under a long-term PPA with UP Power Corporation at a remunerative tariff of ₹5.57/KWh, boosting the company's total installed capacity to approximately 13,900 MW. Meanwhile, ONGC's downstream subsidiary, ONGC Petro additions Ltd (OPaL), approved a massive fundraising plan to issue non-convertible debentures worth up to ₹4,471 crore for debt refinancing and working capital requirements.
Meesho is making a deeper push into the B2B grocery space by acquiring Kirana Club and Retail Pulse Labs for ₹202.08 crore in cash. The deal includes a 100% stake in the Singapore-incorporated entity and a 0.41% direct stake in its Indian subsidiary, Retail Pulse Labs. JSW Energy has signed an agreement to acquire the assets of Maruti Clean Coal and Power for an enterprise value of ₹1,410 crore, adding a 300 MW thermal power asset to its portfolio. NTPC Green Energy reported that the ONGC-NTPC joint venture successfully commissioned a 50 MW solar unit as part of a 300 MW Round-The-Clock (RTC) project in Rajasthan, taking its cumulative solar capacity to 250 MW.
Aurobindo Pharma faces regulatory challenges as the US FDA classified the inspection outcome at its Telangana manufacturing facility (Eugia Pharma Specialities) as 'Official Action Indicated' (OAI) after concluding the inspection with 11 procedural observations. This classification indicates potential regulatory or administrative actions by the FDA. In contrast, Nestle India categorically rejected allegations regarding insect infestation in its Maggi noodles, stating that an NABL-accredited lab found no infestation in the samples, with detailed batch records transparently submitted to the FSSAI.
Power Grid was declared the successful bidder for a critical transmission project in Andhra Pradesh, involving the establishment of a massive 765/400kV GIS substation to bolster regional grid stability. ACME Solar's subsidiary commissioned a 33.3 MW battery energy storage system (BESS) project in Rajasthan, supporting the company's renewable energy and grid storage ambitions. Ather Energy approved raising up to ₹1,500 crore through a Qualified Institutional Placement (QIP) and up to ₹1,000 crore via preferential issue, rights issue and other permitted routes. According to reports from NDTV Profit, these developments are expected to influence investor sentiment and trading patterns in the respective stocks on Monday.
