🇮🇳 India Daybook: Apollo Micro Systems Secures ₹1500 Cr Greenfield, Welspun Corp Wins Saudi Contract

Published: 2025-12-09 15:07 IST | Category: Markets | Author: Abhi

Apollo Micro Systems: The Hyderabad-based company has signed a Memorandum of Understanding (MoU) with the Telangana government to establish a significant greenfield facility for defense manufacturing. This project entails an investment of ₹1,500 crore and will expand capabilities in warheads, rocket motors, and various artillery systems for domestic and export markets.
PhysicsWallah: The company has approved a total investment of approximately ₹488 crore across its subsidiaries. This includes ₹400 crore in Penpencil Edu Services, ₹20 crore in Finz Fintech, ₹50 crore in Finz Finance, and $2 million in Knowledge Planet Holding.
JSW Infrastructure: The company is expanding its railway rake business through its subsidiary, JSW Port Logistics. It will acquire three JSW-owned rake companies—JSW Rail Infra Logistics, JSW Minerals Rail Logistics, and JSW (South) Rail Logistics—for ₹1,212 crore.
Larsen & Toubro (L&T): The board has approved a scheme to transfer its real estate business to its subsidiary, L&T Realty Properties Ltd, via a slump sale on a going-concern basis.
Siemens: The company has executed a slump sale agreement to transfer its low-voltage motors and geared motors business to Innomotics India Pvt Ltd for an enterprise value of ₹2,200 crore, subject to adjustments.

Welspun Corp: An associate firm, EPIC (Saudi-listed), has been awarded a contract worth SAR 485+ million (₹1,165 crore) by the Saudi Water Authority. This contract is for the manufacturing and supply of steel pipes and is expected to reflect financially in Q4 FY26 and Q1 FY27.
Torrent Power: The company has signed a long-term agreement with Japan's JERA for the procurement of up to 0.27 MMTPA of Liquefied Natural Gas (LNG). This 10-year deal, starting in 2027, will support Torrent Power's 2,730 MW gas-based power plants to meet peak electricity demand and balance renewable energy.

ICICI Bank: The bank will acquire an additional 2% stake in ICICI Prudential Asset Management Company (AMC) from Prudential Corporation Holdings Ltd for ₹2,140 crore, as part of a share purchase agreement.

PhysicsWallah: The educational technology company reported strong Q2 FY26 performance, with net profit jumping 70% year-on-year to ₹69.7 crore and revenue increasing by 26% to ₹1,051.2 crore. The adjusted EBITDA margin improved to 26% from 23%, and the profit margin rose to 7% from 5%.
Mahindra & Mahindra (M&M): The company reported robust November operational numbers, with total sales increasing by 19.6% year-on-year to 91,839 units. Exports also saw a rise of 7.5% to 3,036 units, and production was up 18.4% to 96,196 units.
Fujiyama Power Systems: The company's Q2 consolidated profit surged by 97.4% year-on-year to ₹62.9 crore, while revenue jumped 72.6% to ₹567.9 crore.

Mindspace REIT: The company has approved a fundraise of ₹1,200 crore through Non-Convertible Debentures (NCDs).
Shriram Finance: The board has approved the allotment of 7,500 NCDs to raise ₹150 crore on a private placement basis, including a green shoe option of ₹100 crore.
IndiGrid: The board has approved a fundraise of ₹1,000 crore via rights and preferential issue.

IndiGo (InterGlobe Aviation): The airline is facing potential government action due to widespread flight disruptions. Moody's has flagged these disruptions as credit negative, citing possible revenue loss, refund liabilities, and regulatory penalties.
Reliance Power: The company has approved the reclassification of Reliance Capital from the promoter group to the public category.
UFLEX: The company has launched 'Project Plastic Fix,' a four-pillar initiative aimed at converting plastic waste into useful resources.
TCC Concept: The company has approved the preferential allotment of 1 crore shares, valued at ₹592 crore, to Pepperfry. TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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