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DIACABS Receives Order Worth ₹75.14 Crore from Amara Raja Infra
Diamond Power Infrastructure Limited (DIACABS) has received a letter of intent from Amara Raja Infra Private Limited for the supply of HT and LT Cables. The order is valued at ₹75,13,80,683 inclusive of GST. The supply of cables includes 110 Km of 19/33 kV 3CX300 sq.mm A2XFY cables and 456 Km of 1.9/3.3 kV 3CX300 sq.mm Un-Arm cables. The order execution is scheduled between January 2026 and March 2026.
Key Highlights
Order value: ₹75,13,80,683 inclusive of GST
Supply of 110 Km of 19/33 kV HT Cables
Supply of 456 Km of 1.9/3.3 kV LT Cables
Order from Amara Raja Infra Private Limited
Execution timeline: January 2026 to March 2026
💼 Action for Investors
This order strengthens DIACABS's order book and revenue visibility. Investors should monitor the company's progress in executing this order and its impact on future earnings.
IVRCL Limited: Unaudited Financial Results for Quarter Ended September 30, 2025
IVRCL Limited announced unaudited financial results for the quarter ending September 30, 2025. The company reported a net loss of ₹90,260.62 lakhs for the quarter and ₹775,458.90 lakhs for the six months ended September 30, 2025, resulting in accumulated losses of ₹2,229,367.76 lakhs. The company has fund-based borrowings of ₹2,392,494.25 lakhs and non-fund-based exposure of ₹34,346.14 lakhs. Liquidation process is ongoing, and the bid process was cancelled on July 28, 2023, which has been challenged and stayed.
Key Highlights
Net loss for the quarter ended September 30, 2025 is ₹90,260.62 lakhs.
Accumulated losses as of September 30, 2025, are ₹2,229,367.76 lakhs.
Fund-based borrowings amount to ₹2,392,494.25 lakhs.
Non-fund-based exposure is ₹34,346.14 lakhs.
Interest cost included in losses is ₹174,125.41 lakhs.
💼 Action for Investors
Investors should closely monitor the developments in the liquidation process and the legal challenges to the cancellation of the bid. Given the significant losses and ongoing liquidation, exercise caution.
SBIN to invest ₹1 Crore in Indian Digital Payment Intelligence Corporation
State Bank of India (SBIN) has received RBI approval to establish a Section 8 company under the Companies Act, 2013. SBIN will subscribe to 1,00,00,000 (One crore) equity shares of Indian Digital Payment Intelligence Corporation (IDPIC) as the initial promoter. The investment will be at a face value of ₹10 per share, acquiring a 50% stake in the company. This move signifies SBIN's strategic interest in the digital payment intelligence space.
Key Highlights
RBI approved SBIN to establish a Section 8 company.
SBIN to invest ₹1 Crore in IDPIC.
SBIN will acquire a 50% stake in IDPIC.
The face value of each share is ₹10.
💼 Action for Investors
Investors should monitor the performance of this new venture and its impact on SBIN's overall digital strategy. Keep an eye on further developments related to IDPIC and its role in the digital payment ecosystem.
NTPC Subsidiary THDC India Commissions 250 MW Unit III of Tehri PSP
NTPC's subsidiary, THDC India Limited, has declared the Commercial Operation Date (COD) for the third 250 MW unit of the Tehri Pumped Storage Plant effective December 12, 2025. This addition increases the total installed and commercial capacity of the NTPC Group to 85,181 MW. THDC India's individual capacity has now reached 3,657 MW. The commissioning of this unit is a key step in completing the 1,000 MW Tehri PSP project, which enhances the group's peaking power capabilities.
Key Highlights
Unit III (250 MW) of Tehri PSP declared commercial from 00:00 Hrs on 12.12.2025
Total installed and commercial capacity of NTPC Group rises to 85,181 MW
THDC India Limited's total capacity increases to 3,657 MW
The unit is part of the larger 4x250 MW (1,000 MW) Tehri Pumped Storage Plant project
💼 Action for Investors
Investors should recognize this as a positive step in NTPC's capacity expansion and its focus on flexible power solutions. The steady commissioning of units supports long-term revenue growth and operational stability.
Sanghvi Movers signs MoU with ACE for indigenous heavy cranes
Sanghvi Movers Limited (SML) has signed a Memorandum of Understanding (MoU) with Action Construction Equipment Limited (ACE) to integrate indigenously manufactured heavy slew cranes into its fleet. This initiative aligns with SML's 'ELEVATE 2030' vision and supports the 'Aatmanirbhar Bharat' program. SML, already Asia's largest and the world's 5th largest crane rental company with over 450 cranes, aims to reduce reliance on imported assets. ACE will provide priority product support and customization to meet SML's operational demands.
Key Highlights
SML operates over 450+ cranes.
SML is the world's 5th largest crane rental company.
ACE has over 63% market share in the Mobile cranes segment.
ACE exports to over 37 countries.
💼 Action for Investors
Investors should monitor the impact of this partnership on SML's operational efficiency and cost savings. Also, watch for potential revenue growth from increased deployment of indigenous cranes.
Tata Power to acquire Jejuri Hinjewadi Power Transmission Ltd project
Tata Power has received a Letter of Intent from REC Power Development and Consultancy Limited to acquire Jejuri Hinjewadi Power Transmission Limited. This project involves constructing approximately 115 km of 400 kV double-circuit line between Jejuri and Hinjewadi. The project will operate on a Build-Own-Operate Transfer basis for 35 years. The annual transmission charges are expected to be ₹155.78 crore.
Key Highlights
Acquisition of Jejuri Hinjewadi Power Transmission Limited SPV
Construction of approximately 115 km of 400 kV double-circuit line
Project tenure of 35 years
Annual Transmission Charges of ₹155.78 crore
SCOD within 24 months from SPV transfer
💼 Action for Investors
This acquisition strengthens Tata Power's transmission portfolio. Investors should monitor the project's progress and its impact on the company's revenue and profitability.
RADIOCITY: Madras HC sets aside contempt orders; no financial impact
Music Broadcast Limited (RADIOCITY) announced that the Madras High Court allowed the company's appeals and set aside prior orders related to contempt petitions. The court's decision eliminates the requirement to deposit 50% of alleged royalty dues and furnish historical music-play logs. The High Court held that contempt jurisdiction was not maintainable, as the underlying order is under consideration by the Supreme Court and the monetary liability is unquantified. Consequently, the company anticipates no financial impact from the overturned contempt orders.
Key Highlights
Madras High Court allowed letters patent appeals on December 10, 2025
Orders dated July 31, 2024 and August 26, 2025 in contempt petitions set aside
No obligation to deposit 50% of alleged royalty dues
No financial impact on the Company from the impugned contempt orders
💼 Action for Investors
The positive ruling removes a potential financial burden. Investors can view this as a favorable development, reducing uncertainty related to legal proceedings.
Cyient Strengthens Middle East Operations via ADGCE Acquisition
Cyient is expanding its presence in the Middle East through the acquisition of Abu Dhabi & Gulf Computer Est. (ADGCE), a technology consulting and digital services provider. This move aims to capitalize on the region's investments, particularly the expected USD 200+ billion in the energy sector. Cyient seeks to leverage its engineering expertise to support infrastructure, smart city, and energy transition goals in line with Saudi Vision 2030 and UAE Vision 2031. The acquisition will enhance Cyient's capabilities in delivering digital transformation programs and IoT-enabled solutions.
Key Highlights
Cyient acquired Abu Dhabi-based Abu Dhabi & Gulf Computer Est. (ADGCE)
Middle East expected to invest USD 200+ billion in the energy sector
Cyient serves over 300 global customers
💼 Action for Investors
Investors should monitor Cyient's progress in integrating ADGCE and securing contracts in the Middle East's energy and infrastructure sectors. This expansion could positively impact Cyient's revenue and profitability in the long term.
ASTRAMICRO receives order from Indian Meteorological Department for ₹171.38 crores
Astra Microwave Products Limited has secured an order from the Indian Meteorological Department for ₹171.38 crores. The order includes procurement of 6 Klystron-based S-band Polarimetric Doppler Weather Radars (DWRs) along with associated systems. This also includes AWS and Disdrometers with a 3-year warranty followed by 7 years of CAMC. The order is expected to be executed within 18 months.
Key Highlights
Order value: ₹171.38 crores inclusive of all applicable taxes and GST
Procurement of 6 Klystron-based S-band Polarimetric Doppler Weather Radars (DWRs)
Includes 3 years warranty followed by 7 years CAMC
Order to be executed within 18 months
💼 Action for Investors
This order strengthens Astra Microwave's order book and revenue visibility. Investors should monitor the company's progress in executing this order within the stipulated timeframe.
GAIL faces ₹143.08 crore penalty for GST non-payment
GAIL (India) Limited has received an order from the Additional Commissioner, CGST, Delhi South Commissionerate, demanding GST on Corporate Guarantee issued to banks on behalf of subsidiaries and JVs. The order pertains to non-payment of GST on these guarantees without consideration. The penalty imposed is ₹143,08,40,592. Investors should monitor GAIL's response to this order and assess the potential impact on the company's financials.
Key Highlights
Penalty of ₹143,08,40,592 imposed by CGST
Order received on 10.12.2025 at 05:00 PM
GST demanded on Corporate Guarantee issued to bank on behalf of subsidiaries, JVs etc.
💼 Action for Investors
Investors should closely monitor GAIL's response to the GST demand and assess any potential impact on the company's profitability. Review GAIL's upcoming quarterly results for any provisions or disclosures related to this penalty.
MANAKCOAT Board approves fund raising up to ₹350 Cr, increases authorized capital
Manaksia Coated Metals & Industries Limited's board approved raising funds up to ₹350 Crores through issuance of securities. The company also approved increasing the authorized share capital from ₹12.50 Crores to ₹16.00 Crores. Unaudited financial results for the quarter ended September 30, 2025, show a standalone net profit of ₹1,402.38 Lacs compared to ₹242.68 Lacs in the same quarter last year. The board has proposed resolutions via postal ballot and appointed M/s. S.S. Reddy & Associates as scrutinizers.
Key Highlights
Approved raising funds up to ₹350 Crores.
Increased authorized share capital to ₹16.00 Crores from ₹12.50 Crores.
Standalone net profit for the quarter ended September 30, 2025, is ₹1,402.38 Lacs.
Proposed resolutions via postal ballot.
Appointed M/s. S.S. Reddy & Associates as Scrutinisers to the Postal Ballot.
💼 Action for Investors
Investors should review the details of the fund raising and postal ballot resolutions as they become available. Monitor the company's progress on increasing authorized capital and its impact on shareholder value.
Infibeam Avenues: Vishwas Patel Elevated to MD & CEO; Dr. Neharika Vohra Joins as Director
Infibeam Avenues announced the elevation of Mr. Vishwas Patel to Managing Director & CEO, effective December 11, 2025, subject to approval. Mr. Vishal Mehta will continue as Chairman and Managing Director. Dr. Neharika Vohra has been appointed as an Additional Women Director (Non-Executive, Independent) for a five-year term starting December 11, 2025. In FY25, the company processed transactions worth ₹8.67 trillion (US$ 106 billion).
Key Highlights
Vishwas Patel appointed as Managing Director & CEO effective December 11, 2025.
Dr. Neharika Vohra appointed as an Independent Director for a 5-year term.
Company processed transactions worth ₹8.67 trillion in FY25.
Company serves over 10 million clients across digital payments and platform businesses.
💼 Action for Investors
Investors should monitor the leadership transition and its impact on the company's strategic direction, particularly the AI-driven initiatives. Keep an eye on the company's performance in digital payments and platform businesses.
Infibeam Avenues: Vishwas Patel Elevated to MD & CEO; Dr. Neharika Vohra Joins Board
Infibeam Avenues Ltd. announced the planned elevation of Mr. Vishwas Patel to Managing Director & CEO, effective December 11, 2025, succeeding Mr. Vishal Mehta who will continue as Chairman. The company also appointed Dr. Neharika Vohra as an Additional Women Director (Non-Executive, Independent) for a five-year term. In FY25, Infibeam Avenues processed transactions worth ₹8.67 trillion (US$ 106 billion). The company serves over 10 million clients across its digital payments and platform businesses.
Key Highlights
Vishwas Patel appointed as Managing Director & CEO effective December 11, 2025.
Dr. Neharika Vohra appointed as an Independent Director for a five-year term.
Processed transaction worth INR 8.67 trillion (US$ 106 billion) in FY25.
Serving over 10 million clients across digital payments and platform businesses.
💼 Action for Investors
Investors should monitor the leadership transition and its impact on the company's strategic direction, particularly the focus on AI-driven growth. Keep an eye on the company's performance in digital payments and platform businesses.
TBO Tek Investor Presentation: India Travel Market at ~$48Bn
TBO Tek Limited has released an investor presentation highlighting the growth in the Indian travel market. The India travel market, encompassing air and hotels, is estimated at approximately $48 billion and is projected to grow at a steady pace of 8%. By 2027, India is expected to be the 5th largest outbound tourism market. TBO Tek has a strong distribution network with over 750 airlines and enjoys a first-mover advantage in international air travel.
Key Highlights
India Travel Market (Air and Hotels) estimated at ~$48Bn currently.
India Travel Market is growing at a CAGR of +8%.
TBO has supply of 750+ airlines.
India is projected to be 5th largest outbound tourism market by 2027.
Operational airports increased from 74 (2014) to 163 (2025).
💼 Action for Investors
Investors should monitor TBO Tek's ability to capitalize on the growing Indian travel market and its expansion in the B2B travel space. Keep an eye on the company's strategy to convert air-only buyers to air and hotel transactions.
EMBDL: NCLAT stays NCLT order on Corporate Insolvency Resolution Process
The Hon’ble NCLAT has admitted an appeal by Embassy Developments Limited (EMBDL) challenging the NCLT order that initiated Corporate Insolvency Resolution Process (CIRP) against the company. The NCLAT has granted a stay against the NCLT order, halting all proceedings arising from it. The initial petition was filed by Canara Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, alleging financial liability of ₹372,35,67,407.77 as a guarantor for Sinnar Thermal Power Limited. EMBDL management asserts it has no enforceable financial obligation and remains financially sound.
Key Highlights
Canara Bank filed a petition claiming financial liability of ₹372,35,67,407.77 against Embassy Developments Limited.
NCLT admitted a petition filed by Canara Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016.
NCLAT admitted an appeal and granted a stay against the NCLT order.
The initial loan facility to Sinnar Thermal Power Limited was ₹144.4 Crores.
💼 Action for Investors
Investors should monitor further updates on the NCLAT proceedings and assess the potential impact on Embassy Developments Limited's financial stability. While the stay is a positive development, the underlying legal challenge remains.
HILINFRA secures contract extension for toll operations worth ₹6.18 Crores
Highway Infrastructure Limited (HILINFRA) has secured a one-month extension for its toll operations contract from NHAI, valued at ₹6.18 crores. This extension pertains to user fee collection on the 4-Lane Greenfield Expressway spur from the Delhi–Vadodara Greenfield Expressway in Rajasthan. The initial contract was for 90 days. This extension is expected to strengthen HIL's operating revenue base and improve short-term cash flows. Recently, HILINFRA secured a work contract of ₹328.77 crores.
Key Highlights
Contract extension for toll operations worth ₹6.18 Crores
Original contract period extended by one month
Recently secured largest-ever single work contract of ₹328.77 crores
💼 Action for Investors
The contract extension is a positive sign, but investors should monitor the company's ability to secure larger contracts and improve overall profitability. Keep an eye on future announcements regarding new projects and financial performance.
Oswal Pumps Awarded ₹380 Crore Order from MSEDCL
Oswal Pumps Limited has received a Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 13,738 Off-Grid DC Solar Photovoltaic Water Pumping Systems. The order, valued at approximately ₹380 Crore (including GST), is to be executed within 1 year under the PM Kusum B Scheme. Installation is to be completed within 60 days from issuance of NTP/Work Order/JSR approval. This contract significantly boosts Oswal Pumps' order book and demonstrates its capabilities in the solar water pumping sector.
Key Highlights
Awarded order worth approximately ₹380 Crore (including GST)
Order involves 13,738 Off-Grid DC Solar Photovoltaic Water Pumping Systems
Project to be executed within 1 year under PM Kusum B Scheme
Installation to be completed within 60 days of approval
5 years of repair and maintenance included
💼 Action for Investors
Investors should monitor Oswal Pumps' progress in executing this large order and its impact on revenue and profitability. Positive execution could lead to further order wins and improved financial performance.
Chalet Hotels: Acquisition of Udaipur resort for ₹171 Cr, New MD & CEO Appointed
Chalet Hotels' board approved the acquisition of a resort property in Udaipur with approximately 150 rooms for a consideration of ₹171 crore, subject to due diligence and adjustments. Mr. Shwetank Singh has been appointed as the Managing Director and CEO effective February 1, 2026, for a term of three years. Dr. Sanjay Sethi will transition to a Non-Independent Non-Executive Director from the same date. These changes in leadership and expansion plans could influence the company's strategic direction and future performance.
Key Highlights
Acquisition of Udaipur resort property for ₹171 crore.
Resort has around 150 rooms.
Shwetank Singh appointed as MD & CEO effective February 1, 2026.
Dr. Sanjay Sethi appointed as Non-Independent Non-Executive Director effective February 1, 2026.
Shwetank Singh has around 26 years of experience.
💼 Action for Investors
Investors should monitor the progress of the Udaipur resort acquisition and assess the impact of the new leadership appointments on Chalet Hotels' growth strategy and operational efficiency. Keep an eye on the definitive agreements and statutory approvals related to the acquisition.
Infibeam Avenues Rebrands to AvenuesAI; Appoints Vishwas Patel as MD & CEO
Infibeam Avenues is undergoing a major strategic transformation, rebranding itself as 'AvenuesAI Limited' to reflect an AI-first technology focus. The company has elevated Vishwas Patel, a fintech veteran and Chairman of the Payments Council of India, to the role of Managing Director and CEO for a five-year term. The Board also approved amending the Memorandum of Association to include research and development of AI/ML applications and SaaS models. These changes, coupled with the appointment of IIM-A Professor Neharika Vohra as an Independent Director, signal a pivot toward high-margin, scalable AI-driven financial services.
Key Highlights
Company name change to 'AvenuesAI Limited' approved subject to shareholder and regulatory clearance.
Vishwas Ambalal Patel elevated from Joint MD to MD & CEO for a 5-year term effective December 11, 2025.
Memorandum of Association amended to include AI/ML research, SaaS large language models, and AI-powered business tools.
Appointment of Ms. Neharika Vohra (IIM Ahmedabad Professor) as Additional Independent Director for 5 years.
Strategic shift aims to integrate predictive payments and automated customer engagement into the core fintech stack.
💼 Action for Investors
Investors should view this as a positive move toward higher-value technology services, though they should monitor R&D execution and the impact of the AI pivot on operating margins. The leadership of Vishwas Patel ensures continuity in the core payments business during this transition.
Infibeam Avenues changes name to AvenuesAI Limited
Infibeam Avenues Limited has announced a change in its name to AvenuesAI Limited, pending shareholder and regulatory approvals. The board also approved the appointment of Ms. Neharika Vohra as an Additional Woman Director for a 5-year term starting December 11, 2025. Mr. Vishwas Ambalal Patel has been elevated from Joint Managing Director to Managing Director and CEO, also for a 5-year term effective December 11, 2025. The company is also altering its Memorandum of Association to include AI-related business objectives.
Key Highlights
Name change from Infibeam Avenues Limited to AvenuesAI Limited.
Neharika Vohra appointed as Additional Woman Director for 5 years.
Vishwas Ambalal Patel elevated to Managing Director and CEO for 5 years.
Addition of sub clause 9 to Object Clause III (A) of Memorandum of Association.
💼 Action for Investors
Investors should monitor the progress of the name change approval and the company's strategic shift towards AI. Keep an eye on future announcements regarding the Postal Ballot Notice to shareholders.