🇮🇳 India Daybook: LIC OFS Retail Bidding Starts; KEC International Wins ₹1,063 Cr Order, IITL Eyes Buyback

📍 ORDER WIN

• KEC International: The RPG Group company has secured new orders worth ₹1,063 crore across its Transmission & Distribution (T&D), Civil, Renewables, and Cables businesses. A standout win includes a major 400 kV transmission line project in Africa.

📍 EARNINGS (AUGUST 05)

• Key Results Today: Approximately 58 companies are scheduled to release their Q1 FY27 results today. High-profile names include Bosch, Britannia Industries, Apollo Tyres, Bajaj Electricals, Blue Star, Whirlpool of India, and Fortis Healthcare.
• KEI Industries: Reported a robust 40% YoY increase in net profit to ₹274 crore for the June quarter, driven by strong demand in the Wires & Cables segment.
• Avalon Technologies: Net profit for Q1 FY27 surged 146% YoY to ₹34.9 crore, supported by an executable order book of ₹2,196 crore.

📍 CORPORATE ACTION

• LIC (Life Insurance Corporation): The government's Offer for Sale (OFS) of up to a 6.5% stake opens for retail investors and eligible employees today. The floor price is set at ₹382 per share, with a ₹10 discount offered to retail participants.
• Industrial Investment Trust (IITL): The Board of Directors will meet today to deliberate on a proposal for the buyback of fully paid-up equity shares.
• Rollatainers: A board meeting is scheduled for today to evaluate various fundraising options, including the issuance of equity shares or convertible securities.

📍 DIVIDEND

• Uniparts India: The company has declared an interim dividend of ₹9 per share. Management will host an earnings conference call today to discuss the Q1 performance and future outlook.

📍 OPERATIONAL UPDATE

• Andhra Petrochemicals: The company is officially restarting its manufacturing plant operations today, August 5, following the completion of a planned maintenance shutdown.
• KP Energy: The company is in focus as it continues to expand its renewable energy portfolio, with several projects reaching key milestones this week.

📍 IPO WATCH

• Anawil Wire & Engineering: The IPO of the windmill tower manufacturer closes for subscription today. As of the previous session, the issue had already seen strong interest, being subscribed nearly 7 times.

📍 REGULATORY

• NSE (National Stock Exchange): SEBI has granted in-principle approval to the exchange to settle long-standing regulatory lapses for a payment of ₹1,491.21 crore. This move is seen as a major step toward clearing the path for the NSE's anticipated IPO.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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