🇮🇳 India Daybook: KPIL Bags ₹4,439 Cr Order, Lupin Gets USFDA Nod

📍 ORDER WIN

• Kalpataru Projects International (KPIL): The company secured new orders worth ₹4,439 crore in its Transmission and Distribution (T&D) business. These projects span across Africa, India, and Sweden. With this, KPIL has surpassed its annual order intake target of ₹26,000 crore for FY26.

• Larsen & Toubro (L&T): The Water & Effluent Treatment vertical bagged a "significant" contract (valued between ₹1,000 crore and ₹2,500 crore) from the Guwahati Metropolitan Drinking Water & Sewerage Board. The project involves 24x7 water management and infrastructure development in South-East Guwahati.

• Avantel: The smallcap defence firm received a rate contract worth ₹459.90 crore from Zetwerk Manufacturing for the supply and maintenance of satellite communication equipment.

• Ceigall India: The company secured two EPC orders totaling ₹298 crore from Purvah Green Power for a hybrid wind project and associated transmission infrastructure in Andhra Pradesh.

• Cosmic CRF: Its subsidiary, N.S. Engineering Projects, bagged a domestic purchase order worth ₹835.44 lakh for the supply of 800 metric tons of structural steel products.

📍 USFDA APPROVAL

• Lupin: The global pharma major received tentative approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Pitolisant tablets (4.45 mg and 17.8 mg). The product, bioequivalent to Wakix, will be manufactured at Lupin's Nagpur facility.

📍 DIVIDEND

• TVS Holdings: The Board has declared an interim dividend of ₹86 per share (1,720%) for the financial year ending March 31, 2026. The record date for the same has been set as April 2, 2026.

📍 STRATEGIC PARTNERSHIP & CONTRACTS

• Bharat Petroleum (BPCL): NeuEN Green Energy, a 50:50 joint venture between BPCL and Sembcorp, secured a contract to supply 10,000 tonnes per annum of green hydrogen to Numaligarh Refinery Ltd (NRL) in Assam.

📍 MARKET HOLIDAY NOTICE

• Exchanges Closed: The NSE and BSE are closed today for Ram Navami. Trading will resume on Friday, March 27.
• Commodities: MCX is closed for the morning session but will reopen for the evening session from 5:00 PM to 11:30/11:55 PM. NCDEX remains closed for the entire day.

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