🇮🇳 India Daybook: L&T Bags Mega Offshore Order, Lupin Gets USFDA Nod — August 18, 2026

📍 ORDER WIN

• Larsen & Toubro: The company’s LTEH Offshore vertical secured a major "ultra-mega" order in the Middle East for offshore facilities, leveraging its integrated manufacturing capabilities.
• DCX Systems: Received purchase orders worth ₹15.19 crore for the supply of cable and wire harness assemblies.
• EMS Limited: Emerged as the lowest bidder (L1) for a sewerage project in Jodhpur valued at ₹129.80 crore, with a completion timeline of 24 months.

📍 USFDA APPROVALS & PHARMA NEWS

• Lupin: Received USFDA approval for Pitolisant tablets, a bioequivalent version of Wakix, expanding its neurology portfolio in the United States.
• Aurobindo Pharma: Its Raleigh manufacturing facility was classified as "Voluntary Action Indicated" (VAI) by the USFDA, allowing the regulatory review of pending inhaler applications to proceed.
• Wockhardt: Shares remain in focus after the USFDA recently approved its novel antibiotic ZAYNICH for treating complicated urinary tract infections.

📍 EARNINGS (Q1 FY27)

• Sun TV: Reported a 16% YoY increase in net profit to ₹6.00 billion, driven by a 33% surge in revenue from its IPL franchise.
• Brigade Enterprises: Net profit jumped 33.7% YoY to ₹2.00 billion, supported by strong performance in its real estate portfolio despite a marginal dip in overall sales.
• Cochin Shipyard: Consolidated net profit fell 19.4% YoY to ₹1.51 billion as total expenses rose nearly 10% due to higher material costs.
• Engineers India: Net profit surged 55% YoY to ₹108.6 crore, aided by operational efficiencies even as revenue saw a slight decline.

📍 ACQUISITION & PARTNERSHIP

• Greaves Cotton: Completed the acquisition of the remaining 20% stake in Excel Controlinkage for an undisclosed sum, making it a 100% wholly-owned subsidiary.
• Nelco: Announced a strategic partnership with Elveo for next-generation satellite connectivity and invested $20 million in Lunar Holdco CCDs.
• CG Power: Its subsidiary, Axiro Semiconductor, will acquire a 100% stake in Tosil Systems for ₹16.44 crore to bolster its semiconductor design capabilities.

📍 CORPORATE ACTIONS

• Bharti Airtel: In a major leadership shift, Shabnam Sinha has been named to succeed Sunil Bharti Mittal as the Chairperson of the company.
• Kirloskar Pneumatic: Today is the record date for the company's 1:2 stock split, reducing the face value of shares from ₹2 to ₹1.
• Sonata Software: Appointed Hariprasad Rebala as the Chief AI Officer to lead its global artificial intelligence strategy.

📍 IPO WATCH

• Sunshine Pictures: The ₹282 crore initial public offering opens for subscription today, August 18, and will close on August 20.
• Shankesh Jewellers: A ₹367 crore IPO also opens for bidding today, with a price band aimed at expanding its retail presence.

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

Tags: India Daybook Stocks in News Corporate News Stock Market Company News