🇮🇳 India Daybook: L&T Outbids BHEL for ₹40,000 Cr NTPC Project, Balu Forge Bags Ammunition Deal

📍 ORDER WIN

• Larsen & Toubro (L&T): The engineering giant has outbid BHEL for NTPC contracts valued at over ₹40,000 crore to set up three supercritical coal-fired power plants at Gadarwara, Telangana, and Nabinagar.
• Balu Forge: The company has secured a major new ammunition deal, marking a strategic expansion into the high-growth defense manufacturing sector.
• Shaily Engineering Plastics: Bagged a ₹423 crore order from a domestic pharmaceutical major for the supply of pen injectors.
• KEC International: Announced multiple new order wins totaling ₹1,002 crore across its various business verticals.
• Saatvik Green Energy: Secured an order worth ₹87 crore from an EPC player for the supply of solar PV modules.
• KP Energy: Received a Letter of Award (LoA) for a new hybrid power project, strengthening its renewable energy portfolio.

📍 CORPORATE ANNOUNCEMENT

• BPCL: The state-run refiner has incorporated a wholly-owned subsidiary in Singapore, Bharat Petroleum Global Energy Services, to establish a global trading desk for crude oil and natural gas.
• Welspun Corp: Its subsidiary has incorporated "Welspun International FZCO" in Dubai Multi Commodities Centre (DMCC) to facilitate international trade and expansion.
• Brigade Enterprises: Partnered with Primus Senior Living to launch three senior living communities in South India with an estimated Gross Development Value (GDV) of ₹750 crore.
• Greaves Cotton: Its electric mobility arm has officially launched the 'Ampere Nexus' electric scooter in the Nepal market.
• JSW Energy: Approximately 95.23 lakh preferential equity shares allotted to the promoter group are admitted for trading on the exchanges starting today, February 27.

📍 QUARTERLY RESULTS

• Sanofi India: Reported Q4 revenue from operations at ₹4.20 billion, compared to ₹5.15 billion in the same period last year; total income stood at ₹4.23 billion.

📍 MERGERS & ACQUISITIONS

• UGRO Capital: Received a 'No Objection' certificate from the RBI for the merger of its arm, Profectus Capital, with the parent entity.
• Hindalco Industries: The CFIUS review process for the AluChem acquisition has been temporarily paused due to a partial US government shutdown.

📍 IPO & LISTING

• Gaudium IVF & Women Health: The company’s equity shares will be listed and admitted to dealings on the BSE and NSE today, February 27, under the 'T' Group of securities.

📍 STOCK SPLIT / BONUS / DIVIDEND

• Infobeans Technologies: Today, February 27, is the record date for the company's 3:1 bonus issue; shares will trade ex-bonus.
• Indian Oil (IOCL): The trading window for insiders remains closed starting today ahead of the March 6 board meeting to consider a second interim dividend for FY26.
• SBI Life Insurance: The board has approved an interim dividend of ₹2.7 per share for the current financial year.

📍 REGULATORY & LEGAL

• RBL Bank: SBI Mutual Fund has received regulatory approval from the RBI to increase its stake in the private lender up to 9.99%.
• IRCON: The Patna High Court has dismissed the company’s plea regarding a ₹109 crore VAT demand related to the Ganga Bridge project.

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