🇮🇳 India Daybook: BHEL Bags ₹1,500 Cr SAIL Order; Reliance Consumer Enters Nigeria JV

📍 ORDER WIN

• BHEL: The state-owned engineering giant has received a Letter of Acceptance from SAIL for a captive power plant at the IISCO Steel Plant in Burnpur. The order is valued between ₹1,200 crore and ₹1,500 crore (excluding GST) and is expected to be commissioned within 39 months.
• Seamec: The company announced that its vessel 'Seamec Princess' has been chartered by Supreme Offshore for an ONGC project on India's west coast. The contract, valued at approximately ₹4.2 crore, is for a duration of four days with a possibility of extension.

📍 JOINT VENTURE

• Reliance Industries: Reliance Consumer Products Ltd (RCPL), the FMCG subsidiary of RIL, has entered into a definitive agreement to form a majority-owned joint venture with Nigeria-based Tropical General Investments (TGI) Group. The partnership aims to establish RCPL’s presence in the Nigerian market by leveraging TGI’s local manufacturing and distribution network.

📍 MOU

• TVS Supply Chain Solutions: The company has signed a Memorandum of Understanding (MoU) with the ALA Group. The collaboration is intended to explore and tap into growing opportunities within the defense and industrial sectors.

📍 DIVIDEND (Ex-Date Today)

• Hindustan Aeronautics (HAL): Interim dividend of ₹35 per share.
• Torrent Pharmaceuticals: Interim dividend of ₹29 per share.
• MSTC: Interim dividend of ₹7.60 per share.
• Oil India: Second interim dividend of ₹7 per share.
• ONGC: Second interim dividend of ₹6.25 per share.
• Coal India: Third interim dividend of ₹5.50 per share.
• Bharat Forge: Interim dividend of ₹2 per share.
• Natco Pharma: Interim dividend of ₹1.50 per share.

📍 EARNINGS / BOARD MEETING

• Sparc Electrex: The Board of Directors is scheduled to meet today to review and approve the company's financial results for the quarter ended December 31, 2025 (Q3 FY26).

📍 CORPORATE ACTION

• HDFC AMC: The company has allotted 51,428 equity shares to eligible employees under its Employee Stock Option Scheme (ESOP) 2020, following the exercise of stock options.

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