🇮🇳 India Daybook: BHEL Bags Mega ₹15,000-Cr Order, Infosys Renews ABN AMRO Deal

📍 MARKET NOTICE

• Holiday Closure: The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed on Friday, October 2, 2026, for Mahatma Gandhi Jayanti. Normal trading across equity, derivatives, and commodity segments will resume on Monday, October 5, 2026.

📍 ORDER WIN & PARTNERSHIPS

• BHEL: The state-run engineering major secured two major EPC contracts valued between ₹13,000 crore and ₹15,000 crore (excluding taxes & duties) from M.P. Power Generating Company Ltd. (MPPGCL). The notifications of award cover the EPC packages for 1x660 MW Amarkantak Unit 6 and 1x660 MW Satpura Unit 12 Supercritical Thermal Power Plants in Madhya Pradesh.
• Infosys: Extended its strategic multi-year collaboration with ABN AMRO to modernize and simplify the Dutch banking group's IT estate and digital operational landscape.
• Kothari Industrial Corporation: Signed a Memorandum of Understanding (MoU) with Netherlands-based Elegant Exit to explore and develop sustainable, ethical ship recycling and maritime care opportunities.
• Symbiotec Pharmalab: Announced that its subsidiary entered into a commercial agreement with an international pharmaceutical firm to market and distribute dual-chamber vial products across the United States.

📍 FUNDRAISING

• Ola Electric Mobility: Its core arm, Ola Electric Technologies Pvt Ltd, secured board and shareholder nods to raise ₹877.64 crore through the private placement of Series A Optionally Convertible Redeemable Preference Shares.
• HDFC Life Insurance: The board of directors will convene on October 15 to evaluate and approve fundraising through the issuance of Non-Convertible Debentures (NCDs).

📍 ACQUISITION UPDATE

• Wipro: Announced a revision in the completion timeline for acquiring select customer contracts from Alpha Net, which is now expected to conclude by December 31, 2026, compared to the previously guided target of September 30.

📍 GUIDANCE & EARNINGS OUTLOOK

• Cupid: Upgraded its long-term financial guidance for FY27, raising its revenue projection to ₹800 crore and its net profit target to ₹250 crore.

📍 MANAGEMENT CHANGES

• South Indian Bank: Mahesh Muralidhar Pai officially assumed office as Managing Director & CEO for a three-year tenure effective October 1, succeeding P. R. Seshadri.
• Piramal Pharma: Named Viral Gandhi as the company's new Chief Technology Officer (CTO), effective October 1.
• BGR Energy Systems: Notified that Sasikala Raghupathy has stepped down from the role of Chairperson of the board.

📍 OPERATIONAL UPDATES

• Yash Highvoltage: Successfully started commercial operations at its Vadodara manufacturing unit, dedicated to producing RIP and RIS transformer bushings.
• ZF Commercial Vehicle Control Systems India: Obtained official NABL accreditation for its state-of-the-art Hemi Anechoic Chamber, expanding indigenous automotive acoustic and validation capabilities.

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