🇮🇳 India Daybook: L&T Secures Major Infrastructure Win, Adani Green Commissions World’s Largest Battery Storage

📍 ORDER WIN

• Larsen & Toubro (L&T): The construction arm of the engineering major has secured a "significant" domestic contract valued between ₹1,000 crore and ₹2,500 crore. The project reinforces L&T’s leadership in the domestic infrastructure space and adds to its record order book of approximately ₹4.75 lakh crore.
• John Cockerill India: The company announced a major breakthrough by securing a Continuous Galvanizing Line (CGL) project from JSW Steel. The order is valued between ₹440 crore and ₹470 crore, effectively doubling the company’s standalone order book year-over-year to ₹1,300 crore.

📍 EARNINGS

• Black Box Limited: The Essar Group’s technology arm reported a 7% YoY increase in Q4 FY26 PAT to ₹65 crore. More significantly, the company’s order backlog surged 57% YoY to approximately ₹7,000 crore ($792 million), bolstered by a massive $90 million multi-year engagement with a major U.S. international airport and a $75 million data center deal.
• Minda Corporation: The company is scheduled to report its Q4 FY26 results today. Analysts are watching for updates on the order book and margins in the automotive component segment.
• Campus Activewear: The footwear retailer will release its quarterly financial performance today, with market participants focusing on volume growth and premiumization trends.

📍 INFRASTRUCTURE & ENERGY

• Adani Green Energy (AGEL): The company has commissioned a cumulative 3.37 GWh Battery Energy Storage System (BESS) at Khavda, Gujarat. This is currently the world’s largest single-location battery storage deployment outside China. AGEL aims to scale its storage capacity to 50 GWh over the next five years.
• Reliance Industries (RIL): The Supreme Court has deferred the hearing on the Krishna-Godavari (KG) basin gas dispute to July 21. This comes as RIL, along with partners BP and Niko Resources, expressed a desire to explore an "amicable settlement" with the Centre through conciliation.
• ONGC: The stock will be in focus as its Q4 results act as a primary catalyst for the energy sector today, amid fluctuating global crude oil prices which recently reclaimed the $100 mark.

📍 CORPORATE ACTION

• Life Insurance Corporation (LIC): Today, May 27, marks the cut-off date for the 1:1 bonus issue. Investors holding the stock today will be eligible to receive one bonus share for every one share held.
• Adani Enterprises: The company has scheduled in-person interactions with analysts and investors today at the Navi Mumbai International Airport to provide updates on the project's progress and financial outlook.
• Sonalis Consumer Products: The board meeting originally scheduled for yesterday has been moved to today, May 27, to discuss and approve various business matters.

📍 STRATEGIC PARTNERSHIP

• HPCL & Tata Motors: The two entities have launched a pilot project for the collection and recycling of used automotive lubricants. This initiative supports India’s Extended Producer Responsibility (EPR) framework and leverages Tata Motors' extensive authorized service network.

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