🇮🇳 India Daybook: Jindal Stainless Expands Global Footprint; G R Infra Bags Mega ₹2,440 Cr Order

📍 ORDER WIN

• G R Infraprojects: The company has secured a major highway project from the National Highways Authority of India (NHAI) in Bihar, valued at ₹2,440.87 crore.
• IRFC: Indian Railway Finance Corporation has signed a massive ₹12,842 crore refinancing deal with Hindustan Urvarak & Rasayan Limited (HURL).
• NBCC India: The state-owned firm has bagged a Project Management Consultancy (PMC) contract in Odisha worth ₹58.6 crore.

📍 ACQUISITION

• SEPC: The company has acquired a 90% stake in Abu Dhabi-based Avenir International for ₹1,530 crore, marking a strategic entry into the global oil and gas infrastructure space.
• Motherson: The group is expanding its footprint into the renewable energy sector through a strategic stake acquisition, diversifying away from its core automotive business.

📍 CAPACITY EXPANSION

• Jindal Stainless: Successfully commissioned a 1.2 million tonnes per annum (MTPA) stainless steel melt shop in Indonesia ahead of schedule. This move ramps up the company's total melting capacity to 4.2 MTPA.
• Godawari Power and Ispat: Received regulatory approval to set up an Integrated Steel Plant with a capacity of 1.00 million tons per annum for finished iron and steel products.
• PVR INOX: The multiplex giant has opened a new 3-screen facility in New Delhi, taking its total screen count to 1,802 across India.

📍 CORPORATE ANNOUNCEMENT

• Asian Paints: A price hike of 2–3% is effective starting today, March 25, 2026, aimed at mitigating the impact of rising crude-linked raw material costs.
• AWL Agri Business: The company is entering the high-growth multigrain category with the launch of "Fortune Atta with Multigrains."
• Wipro: The IT major has strengthened its East Asian presence by launching a new Innovation Lab in South Korea.
• Coal India: The board is considering a stake sale of up to 25% in its subsidiaries, South Eastern Coalfields and Mahanadi Coalfields, via OFS or IPO.
• Sagility India: The company is scheduled to host an analyst and institutional investor meet today in Mumbai.

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