REC Ltd emerged as a key stock to watch after receiving presidential approval for its merger with Power Finance Corporation. According to reports from ET Now, this development positions the company for significant operational integration. The final share swap ratio for the merger has not been officially disclosed as of the latest regulatory filings. Meanwhile, Inox Wind Energy gained regulatory clearance from the NCLT for its merger, marking another significant corporate restructuring in the renewable energy sector. These merger approvals represent major structural changes that could impact the respective companies' operational strategies and market positions.
3i Infotech Ltd announced a significant contract win from Hindustan Petroleum Corporation Limited (HPCL) worth ₹37.05 crore. The contract involves providing IT Facility Management Services across HPCL locations, including manpower support, desktop and endpoint management, printer and scanner support, server management, VMS endpoint support, travel assistance, and related digital infrastructure support services. The order will be executed over a three-year period and the company stated that the contract does not qualify as a related-party transaction. In the infrastructure sector, Adyal L.I.S., a joint venture of Sobhagya Mercantile, secured a ₹260.53 crore work order for the Adyal Lift Irrigation Scheme under the Gosikhurd Project in Chandrapur, Maharashtra. The company holds a 40% stake in the JV and the order must be completed within 33 months from commencement.
Bharti Airtel announced the addition of over 2,900 new 5G sites in North India, as reported by ET Now. This expansion initiative demonstrates the telecom giant's continued investment in network infrastructure to support growing 5G demand. In the technology sector, Reliance Industries joined Meta to build a 168 MW data centre, while CleanMax Enviro Energy partnered with Meta for 900 MW renewable capacity. These partnerships reflect the growing convergence of traditional energy companies with technology giants in the renewable energy space.
AVG Logistics raised ₹53 crore by allotting 36,50,356 equity shares at ₹145 per share through a rights issue, increasing the paid-up share capital to ₹18,70,80,760. IIFL Finance announced plans for ₹600 crore NCD fundraising, according to ET Now reports. Additionally, Hindustan Zinc signed a sustainable metal recovery partnership, while Wipro extended its Metro AG partnership by two years. Paramatrix Technologies acquired an additional 25% stake in Metasys Software Private Ltd for ₹3.52 crore, bringing its total ownership to 76% following the completion of the first tranche in January 2025.
Eternal (Zomato) disclosed a ₹9.63 crore GST demand notice, as reported by ET Now. This regulatory development highlights the ongoing compliance challenges facing the food delivery sector. The company's disclosure demonstrates transparency in addressing tax-related matters that could impact investor confidence and operational cash flows. Meanwhile, Dhruv Consultancy Services, in association with Arkitechno Consultants India, received the Letter of Acceptance (LoA) as Authority Engineer for ₹19.34 crore for providing project management services for the construction of a new railway BG electrified line between Rowghat-Jagdalpur (140 km) of South East Central Railway, to be executed within 36 months.
