** 🇮🇳 India Daybook: IRFC Stake Sale Begins, KEC International Bags ₹1,002 Cr Orders

**

📍 OFFER FOR SALE

• IRFC: The Government of India’s Offer for Sale (OFS) to divest up to a 4% stake (2% base + 2% oversubscription option) opens today for non-retail investors. The floor price is set at ₹104 per share. Retail investors and employees will be able to bid tomorrow, February 26.

📍 ORDER WIN

• KEC International: The RPG Group company has secured new orders worth ₹1,002 crore across its Transmission & Distribution (T&D) and Railway business segments.
• Rail Vikas Nigam Limited (RVNL): The company received a Letter of Acceptance from Central Railway for a project valued at ₹270.22 crore.
• H.G. Infra Engineering: The company has been declared the L-1 bidder for a ₹1,582 crore project involving the construction of a six-lane ring road in Odisha.
• Brahmaputra Infrastructure: A joint venture involving the company (MSIL-BIL) has emerged as the lowest bidder for a ₹397 crore national highway project awarded by the Ministry of Road Transport and Highways (MoRTH).

📍 ACQUISITION

• Capillary Technologies: The Board of Directors has approved the 100% acquisition of Session M Inc., a subsidiary of Mastercard Inc., for $20 million. The move is intended to bolster the company's global loyalty and customer engagement platform.

📍 EARNINGS

• Schaeffler India: The company reported a 32% year-on-year increase in standalone net profit to ₹327.96 crore for the quarter ended December 2025, driven by strong operational performance.

📍 MEMORANDUM OF UNDERSTANDING (MoU)

• Hindustan Zinc: The company has signed an MoU with Tripura Group to set up a manufacturing unit at its flagship Zinc Park in Bhilwara, Rajasthan, as part of its strategy to develop a downstream zinc-based industrial hub.

📍 DIVIDEND

• NBCC (India): Today, February 25, is the record date for the company's third interim dividend of ₹0.12 per equity share for the financial year 2025-26.

📍 CORPORATE ANNOUNCEMENT

• Modison Limited: The company has officially informed the exchanges regarding the successful restoration of operations at its Vapi manufacturing plant.
• JSW Energy: The company has received listing approval from both BSE and NSE for 95.23 lakh preferential shares.

📍 MARKET UPDATE

• IT Sector: Technology stocks like Tech Mahindra, Infosys, and TCS remain in focus after the Nifty IT index slumped nearly 5% on Tuesday amid fears of AI-led disruptions and potential US trade tariffs.
• Macro Indicators: The HSBC Flash India Composite PMI rose to 59.3 in February, marking a three-month high and indicating continued strong expansion in India's private sector.

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

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