Hindustan Aeronautics Ltd., Ambuja Cements Ltd., Vedanta Ltd., Bharat Heavy Electricals Ltd., and ACC Ltd. will be the stocks to watch before going into trade on Tuesday.
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HAL: The company bagged two contracts from the Defence Ministry for two orders worth Rs 62,700 crore. The contract is for supply of 156 Light Combat Helicopters. The five-year contract allocates 66 LCHs to the Indian Air Force and 90 to the Indian Army. The deliveries will commence in the third year of the contract and will be completed across five years.
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Power Mech Projects: The company received an order worth Rs 425 crore from the arm of Adani Power for a thermal power project and additional order for the value of Rs 972 crore for construction projects from National Highways Authority of India.
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Ambuja Cements: The firm will arrange a shareholder’s meeting on May 2 to discuss and vote on the proposed scheme of amalgamation with Adani Cementation Ltd. Ambuja’s coastal market share is expected to improve after the merger, giving it a competitive advantage.
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AU Small Finance Bank: The bank raised Rs 770 crore via issue of Tier-II bonds with a 9.2% interest rate. The bank allotted, via private placement, 77,000 lower Tier II bonds, structured as non-convertible debentures, with each bond having a face value of Rs 1 lakh
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Vedanta: The company extended the deadline to acquire necessary approvals for its planned demerger from March 31 to Sept. 30. The decision was made amid it awaiting approvals, which include those from the National Company Law Tribunal and other key government authorities.
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Suzlon Energy: The company’s order book stood at 5,622 MW as of March 28. A 99 MW order from Vibrant Energy and a 100.8 MW order from a global utility were cancelled, while a 201.6 MW order from O2 Power was reduced to 100.80 MW and reassigned to Solalite Power.
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BHEL: The firm received an order worth Rs 11,800 crore from Chhattisgarh State Power Generation Co. The company also filed before the Bengaluru City Civil Judge seeking recovery of Rs 542 crore. This was under EPC contract for unit of Bellary Thermal Power Station from Karnataka Power Corp.
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Mazagon Dock Shipbuilders: The company will deliberate on a potential second interim dividend for fiscal 2025 on April 8.
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Power Grid Corp: The firm approved an investment of Rs 673.1 crore for the purchase of six 397 MVA converter transformers. This procurement supports the Talcher-Kolar HVDC link under the 2024-29 tariff block’s additional capital expenditure.
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ACC: The company announced Vinod Bahtey’s appointment as chief executive officer, additional director, and wholetime director, in an NSE exchange filing. Vinod Bahtey will replace Ajay Kapur on April 1, and serve for three years. Kapur will vacate the positions on March 31, 2025.
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