Gujarat Mineral Development Corporation (GMDC) has entered into a strategic Memorandum of Understanding with NTPC Limited to explore coal and lignite gasification. The partnership will focus on utilizing resources from GMDC's Odisha coal blocks and Gujarat lignite mines to produce syngas for industrial applications. This initiative represents a significant move towards value-added downstream products and cleaner energy technology. While currently at the feasibility and pilot stage, the collaboration leverages NTPC's technical expertise to accelerate GMDC's industrial diversification and energy security goals.

MSTC Limited has been declared the L1 bidder for a significant tender hosted by Coal India Limited (CIL) on the GeM portal. The contract appoints MSTC as the External Service Provider for conducting Linkage Auctions for the Non-Regulated Sector (NRS). This domestic engagement is set for a duration of three years and involves managing the entire auction process through MSTC's platform. While the exact financial value is currently unquantified, the partnership with a major PSU like Coal India reinforces MSTC's market position in the e-auction space.

Sterlite Technologies (STL) has issued an addendum to its EGM notice regarding a preferential issue of convertible warrants to its promoter, Twin Star Overseas Limited. Following requests from stock exchanges, the company provided a revised valuation report using three different approaches, though the issue price remains unchanged at Rs 110 per warrant. The floor price for the issue is set at Rs 108.15, and the EGM is scheduled for March 04, 2026. This move reinforces promoter commitment and provides additional regulatory transparency for the fundraising process.

Hilton Metal Forging reported a robust YoY performance for Q3 FY26, with revenue rising 73% to ₹69.84 crore. Net profit witnessed a sharp increase of 211% YoY, reaching ₹1.41 crore compared to ₹0.45 crore in the previous year. For the nine-month period ending December 2025, the company recorded a PAT of ₹3.31 crore, effectively doubling the ₹1.65 crore earned in the same period last year. Despite the strong YoY growth, there was a sequential decline in revenue and profit compared to Q2 FY26.

Oriental Trimex Limited has approved a significant fundraise of up to USD 43 million (approx. ₹357 crore) through the issuance of Foreign Currency Convertible Bonds (FCCBs) on a private placement basis. To facilitate this and future growth, the board has proposed a 10-fold increase in the company's borrowing limits from ₹100 crore to ₹1,000 crore. Furthermore, the authorized share capital is set to increase from ₹75 crore to ₹175 crore. The company also seeks approval to extend loans or investments up to ₹500 crore, indicating a major shift in its financial scale and investment strategy.

ICRA Limited has upgraded and re-affirmed credit ratings for Pass Through Certificates (PTCs) issued under two of India Shelter Finance's mortgage loan securitization transactions. Notable upgrades include Series A1 of GHAR 09 2022 moving to [ICRA]AA+(SO) and Series A2 of both RAFAEL and GHAR transactions moving to [ICRA]AA-(SO). The Series A1 of RAFAEL 08 2021 maintained its highest rating of [ICRA]AAA(SO). These upgrades indicate improved credit enhancement levels and stable performance of the underlying mortgage pools.

LT Foods has announced a significant reshuffle and strengthening of its Board, including the re-appointment of two Independent Directors and the addition of a new Independent Director, Ms. Rima Gupta. The company is also seeking shareholder approval to expand its business scope to include testing and research laboratory services for food and agricultural products. Mr. Ashok Kumar Arora, a member of the promoter group, has been appointed as a Whole Time Director for a three-year term. A postal ballot will be conducted to finalize these decisions, with the record date set for March 6, 2026.

LT Foods has announced a series of leadership changes, including the re-appointment of two Independent Directors, Abhiram Seth and Ambika Sharma, for second five-year terms. The company also appointed Ms. Rima Gupta as an Independent Director and Mr. Ashok Kumar Arora, a member of the promoter group, as a Whole Time Director for three years. Crucially, the board approved an amendment to the Memorandum of Association to allow the company to establish and run testing and research laboratories for food and agricultural products. These moves signal a focus on leadership continuity and a potential new revenue stream in quality testing and R&D.

LT Foods has announced significant leadership updates, including the re-appointment of two Independent Directors and the addition of Ms. Rima Gupta to the board for five-year terms. Mr. Ashok Kumar Arora, a promoter group member, has been appointed as a Whole Time Director for three years. Most notably, the company is diversifying its business by amending its Memorandum of Association to include the operation of testing and research laboratories for food and agricultural products. These changes are subject to shareholder approval, with the voting eligibility cut-off set for March 6, 2026.

HCLTech has entered into a strategic Memorandum of Understanding (MoU) with IIT Kanpur to develop deep tech and AI-driven solutions for Global Capability Centers (GCCs). The partnership focuses on converting academic research in AI, robotics, and cybersecurity into scalable enterprise-ready pilots. With HCLTech reporting $14.5 billion in annual revenue as of December 2025, this move strengthens its high-margin engineering and R&D service offerings. The collaboration aims to help global enterprises reduce time-to-market by leveraging India's premier academic and startup ecosystem.

BMW Ventures Limited has secured a ₹36 crore order from BHEL, its largest-ever in the fabricated steel products segment. This win is part of a broader ₹141 crore project pipeline, signaling a strategic move into large-scale infrastructure projects. The company's fabricated steel order book has grown 49% since December 2025, now totaling 8,805 tons. Consequently, management has maintained its improved FY26 bottom-line growth guidance of 30-35% and expects similar momentum in FY27.

BMW Ventures Limited has secured its largest-ever order valued at ₹36 crore for the supply of structural steel. The contract is for a Bharat Heavy Electricals Limited (BHEL) project and will be executed by the company's Fabricated Steel Manufacturing Division. The project is domestic and has a strict execution timeline of 10 months from the date of the purchase order. To support production, the company has already received an advance for raw materials, with the remaining payment due upon delivery.

LTM (formerly LTIMindtree) has secured a major 7-year mandate to modernize India's national tax analytics platform for the Central Board of Direct Taxes (CBDT). Under the Insight 2.0 initiative, LTM will collaborate with NVIDIA to deploy high-performance AI infrastructure and secure cloud environments. The project utilizes LTM's proprietary BlueVerse platform to integrate AI across tax operations, including automated campaign management and real-time insights. This high-profile government contract underscores LTM's growing expertise in large-scale digital governance and AI-centric solutions.

Alembic Pharmaceuticals has received final USFDA approval for Lamotrigine Orally Disintegrating Tablets in 25 mg, 50 mg, 100 mg, and 200 mg strengths. The product is a generic version of GSK's Lamictal ODT and is used to treat seizures and bipolar I disorder. The addressable market for this product is estimated at US$ 27 million for the 12 months ending December 2025. This approval brings Alembic's total USFDA ANDA approvals to 235, including 216 final approvals.

MPS Limited has detailed its acquisition of Unbound Medicine, Inc., a US-based leader in healthcare knowledge management, to pivot toward high-growth AI-driven intelligence. Unbound brings a robust subscription-based model with over 90,000 paid subscribers and 1,000+ healthcare facility clients. The acquisition targets a healthcare AI market projected to reach $188 billion by 2030, with a specific subsector CAGR of 42%. MPS plans to leverage its global infrastructure to expand Unbound's reach beyond North America into Europe and APAC, aiming for significant EBITDA uplift.

CRISIL has upgraded LT Foods' long-term credit rating to 'AA/Stable' from 'AA-/Positive', citing a sustained improvement in business risk and market leadership. The company reported a 9M FY26 revenue of Rs 8,039 crore and expects to close the full fiscal year between Rs 10,500-11,000 crore. Financial metrics remain strong with a projected Debt/EBITDA ratio of 0.6-0.7x and interest coverage of 10-11 times. The upgrade is supported by healthy brand recall for Daawat and Royal, alongside successful geographic diversification across 80 countries.

The US Department of Commerce (US DoC) has issued a final order significantly reducing the Countervailing Duty (CVD) rate for LT Foods' subsidiary, Ecopure Specialities Limited. The duty rate on organic soybean meal exports has been slashed from a provisional 340.27% to a final 75.48%. This adjustment follows an administrative review of sales totaling Rs. 50 crore for the 2023 calendar year. While the duty remains substantial, the massive reduction from the initial 'adverse facts' assessment provides significant relief for the company's US export operations.

The US Department of Commerce has issued a final order significantly reducing the countervailing duty (CVD) on organic soybean meal exports by LT Foods' subsidiary, Ecopure Specialities Limited. The duty rate has been revised to 75.48%, down from the provisional rate of 340.27% previously imposed under the 'adverse facts available' methodology. This administrative review covers the period from January 1, 2023, to December 31, 2023, involving sales worth Rs. 50 crore. This reduction provides substantial relief to the company's export operations and financial liability in the US market.

Larsen & Toubro's Power Transmission & Distribution vertical has bagged multiple EPC orders classified as 'Major,' valued between ₹5,000 crore and ₹10,000 crore. In India, the company will construct two 220 kV Gas Insulated Substations in West Bengal to modernize the industrial belt's grid. Internationally, L&T secured contracts for five substations and over 250 km of transmission lines across three Middle Eastern countries. These wins reinforce L&T's dominant position in the global power infrastructure market and contribute significantly to its order book.

Modison Limited has announced the full restoration of operations at its manufacturing facility in Vapi, Gujarat, following a fire incident reported on February 7, 2026. The company successfully completed all necessary repairs, restoration, and safety assessments within a 17-day period. Production activities have now resumed normally without any further disruption. Additionally, the company has implemented enhanced safety measures to strengthen systems and ensure uninterrupted operations in the future.