🇮🇳 India Daybook: BHEL Profit Triples, CG Power Bags Record ₹900 Cr US Order

📍 ORDER WIN

• CG Power and Industrial Solutions: Secured a landmark order worth approximately ₹900 crore ($99.2 million) from Tallgrass Integrated Logistics Solutions, USA. This is the company's largest-ever single order and marks its entry into the global data center segment for power transformers.
• Larsen & Toubro (L&T): The heavy civil infrastructure vertical bagged a large order from Torrent Energy Storage Solutions for the construction of the 3,000 MW Saidongar-1 Pumped Storage Project in Maharashtra.
• Waaree Energies: Received a major order to supply 210 MW of solar modules, while its subsidiary secured an additional order for 2,000 MW of solar modules.
• Niraj Cement Structurals: Announced receiving a work order worth ₹230 crore from Northeast Frontier Railway.

📍 EARNINGS (Q3 FY26)

• BHEL: Reported a nearly three-fold jump in consolidated net profit to ₹390.4 crore for the December quarter, driven by an 18% rise in total income to ₹8,691.85 crore.
• Hindustan Zinc: Net profit surged 46% year-on-year to ₹3,916 crore, significantly beating market estimates.
• Punjab National Bank (PNB): Posted a 13% growth in net profit at ₹5,100 crore for the third quarter.
• IRFC: Reported an 11% rise in net profit to ₹1,802 crore, although revenue saw a marginal dip of 1.5% to ₹6,661 crore.

📍 Q3 RESULTS TODAY

• Persistent Systems, SRF, United Spirits, ITC Hotels, AU Small Finance Bank, Gujarat Gas, IndiaMART InterMESH, DCM Shriram, J&K Bank, Mastek, and Shoppers Stop are among the major companies scheduled to announce their quarterly results on January 20.

📍 ACQUISITION & STRATEGIC DEALS

• Adani Power: The NCLAT has upheld the company's ₹4,000-crore acquisition of Vidarbha Industries Power, dismissing petitions challenging the resolution plan.
• Indian Hotels (IHCL): Entered into an agreement to acquire a 51% stake in Brij Hospitality for an amount not exceeding ₹225 crore.
• Welspun Corp: The board approved the acquisition of a 2.57% stake in its Mauritius-based subsidiary from its US unit for $5.96 million to streamline overseas operations.

📍 STOCKS IN FOCUS

• Aditya Birla Fashion (ABFRL): An investor is reportedly looking to sell a 3% stake (approx. 4 crore shares) via a block deal at a floor price of ₹65.78, an 8.5% discount to the previous close.
• Ola Electric: CFO Harish Abichandani has resigned for personal reasons; the board has appointed Deepak Rastogi as the new CFO effective January 20.
• Torrent Pharma: The board has approved a massive fundraise of ₹10,990 crore through the issuance of Non-Convertible Debentures (NCDs).
• Bank of Maharashtra & NLC India: Both stocks will trade ex-dividend today, January 20, following their interim dividend announcements.

📍 IPO & LISTING

• Shadowfax Technologies: The logistics firm's ₹1,907 crore Initial Public Offering (IPO) opens for public subscription today, January 20, with a fresh issue component of ₹1,000 crore.

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