🇮🇳 India Daybook: BEL Bags Mega ₹6,795 Cr Order, Signature Global Secures Massive RMZ Investment

📍 ORDER WIN

• Bharat Electronics (BEL): The Navratna PSU secured a massive order inflow of ₹6,795 crore for mountain radars, avionics for Light Combat Aircraft, and strategic export components.
• Pace Digitek: Received a Letter of Acceptance worth ₹494.5 crore from NTPC for Battery Energy Storage System (BESS) maintenance at the Nabinagar Super Thermal Power Station.
• Texmaco Rail and Engineering: Won multiple contracts totaling ₹357.11 crore from JSW Group for wagons and railway signaling projects.
• SolarWorld Energy: Bagged a ₹267.53 crore contract from NTPC Renewable Energy for a 200 MW solar project in Bikaner, Rajasthan.

📍 ACQUISITION

• Jubilant Ingrevia: Successfully completed the 100% equity acquisition of Remidex Pharma to strengthen its pharmaceutical ingredients portfolio.
• Emami: Increased its stake in Axiom Ayurveda by 36.7% and signaled plans to acquire the remaining stake by June 2026.
• Amber Enterprises: Its subsidiary, IL JIN Electronics, raised its stake in Unitronics to 49.66% through an additional 4.85% acquisition.
• Corona Remedies: Acquired the 'Wokadine' brand from Dr. Reddy’s Laboratories, marking its entry into the antiseptic povidone-iodine segment.

📍 INVESTMENT & FUNDRAISING

• Signature Global: Secured a ₹12.93 billion (₹1,293 crore) investment from RMZ Group for a 50% stake in Gurugram Commercity Limited to develop a major commercial project.
• Sammaan Capital: Abu Dhabi-based IHC (via Avenir Investment RSC) is set to acquire a 41.5% stake; the company has received an initial tranche of ₹5,652 crore.
• Hero MotoCorp: Invested ₹210 crore to acquire 2.7 lakh shares in Euler Motors, maintaining its total shareholding at 36.67%.
• Bajaj Hindusthan Sugar: Allotted 45.6 crore shares on a preferential basis, aggregating to approximately ₹53 crore.

📍 BUSINESS UPDATES

• Aavas Financiers: Q4 update shows AUM grew 15% YoY to ₹23,500 crore, with disbursements rising 16% YoY to ₹2,350 crore.
• South Indian Bank: Reported gross advances of ₹1.01 lakh crore (up 15.7% YoY) and total deposits of ₹1.23 lakh crore (up 14.7% YoY) for the March quarter.
• Indian Oil Corp (IOC): FY26 business update reported refinery crude throughput at 75.4 MMT and pipeline throughput at 105.3 MMT.
• Hero MotoCorp: Total March sales grew 8.8% YoY to 5.98 lakh units, driven by a 53% surge in the scooter segment.
• Tilaknagar Industries: Its flagship 'Mansion House' brand surpassed 10 million cases in sales during FY26.

📍 REGULATORY & TAX

• Glenmark Pharma: Received a tax demand of ₹32 crore, including penalties, from authorities in Mumbai.
• Granules India: Its Telangana facility received a 'Voluntary Action Indicated' (VAI) classification from the USFDA, concluding a recent inspection.
• Vodafone Idea: Faced a GST penalty of ₹638 crore following a regulatory audit.

📍 IPO & LISTING

• Amir Chand Jagdish Kumar (Exports): The basmati rice exporter will list its shares today on the BSE and NSE; analysts expect a muted debut.

📍 APPOINTMENTS

• InterGlobe Aviation (IndiGo): Appointed former British Airways chief Willie Walsh as the new CEO, subject to regulatory approvals.
• MM Forgings: Appointed R Raghunathan as Chief Financial Officer following the resignation of R Venkatakrishnan.

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