WAAREE RENEWABLE: WINS EPC ORDER FOR 291 MWp SOLAR PROJECT + 280 MWh BESS
• Received Letter of Award from an Indian thermal power generating company
• Scope: EPC of 291 MWp ground-mounted Solar PV project with 280 MWh BESS
• Order Type: Commercial Order
• Execution: Scheduled for completion in FY 2027-28
• Promoter/Group Interest: None
• Received Letter of Award from an Indian thermal power generating company
• Scope: EPC of 291 MWp ground-mounted Solar PV project with 280 MWh BESS
• Order Type: Commercial Order
• Execution: Scheduled for completion in FY 2027-28
• Promoter/Group Interest: None
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VEDANTA IRON & STEEL: GST DISPUTE AMOUNT CUT SHARPLY TO ₹6.73 CR FROM ₹51.23 CR
📑 Subsidiary ESL Steel has received a Demand-cum-Show Cause Notice from the GST authorities in Ranchi.
💰 Amount under dispute has been reduced to ~₹6.73 Cr from ₹51.23 Cr disclosed earlier.
⚠️ Matter relates to alleged excess availment of Input Tax Credit (ITC) on import of goods during FY22 and FY23.
⚖️ ESL Steel is evaluating the notice and will take appropriate legal action within prescribed timelines.
✅ Company says it does not expect any material financial or operational impact.
🟢 Impact: Positive — sharp reduction in disputed GST amount significantly lowers the potential liability, while management expects no material business impact.
📑 Subsidiary ESL Steel has received a Demand-cum-Show Cause Notice from the GST authorities in Ranchi.
💰 Amount under dispute has been reduced to ~₹6.73 Cr from ₹51.23 Cr disclosed earlier.
⚠️ Matter relates to alleged excess availment of Input Tax Credit (ITC) on import of goods during FY22 and FY23.
⚖️ ESL Steel is evaluating the notice and will take appropriate legal action within prescribed timelines.
✅ Company says it does not expect any material financial or operational impact.
🟢 Impact: Positive — sharp reduction in disputed GST amount significantly lowers the potential liability, while management expects no material business impact.
DEFENCE STOCKS : GOVt Says No Stakeholder Consultation Required For Exports Of Non-Lethal Defence Items
BHARAT FORGE : No Stakeholder Consultation Required For Exports Of Non-Lethal Defence Items : GOVT 🟢🟢
GENUS POWER: 40 LKH SHARES EXCHANGED VIA BLOCK DEAL, CLEAN OUT TRADE FROM POTENTIAL SELLER - CNBC-TV18
DEALING ROOM: CNBCTV18
SP APPARELS 🟢
• Leading domestic AIF buyer seen
SUGAR STOCKS 🔴
• Ex-mill sugar prices decline ~20%; retail prices also starting to fall, says Govt
CAPRI GLOBAL 🟢
• Leading global FII buyer seen
GENUS POWER 🟢
• 40 lakh shares exchanged via block deal
• Clean-out trade from potential seller
EPL 🔴
• Street expects a large block deal soon
• Company raised FY27 guidance in Q1
YATHARTH HOSPITALS 🟢
• Street expects a corporate development
SP APPARELS 🟢
• Leading domestic AIF buyer seen
SUGAR STOCKS 🔴
• Ex-mill sugar prices decline ~20%; retail prices also starting to fall, says Govt
CAPRI GLOBAL 🟢
• Leading global FII buyer seen
GENUS POWER 🟢
• 40 lakh shares exchanged via block deal
• Clean-out trade from potential seller
EPL 🔴
• Street expects a large block deal soon
• Company raised FY27 guidance in Q1
YATHARTH HOSPITALS 🟢
• Street expects a corporate development
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DEALING ROOM: STOCK- NDTVPROFIT
KARUR VYSYA BANK 🟢
• Dealers expect positive newsflow
• Potential index inclusion seen as a trigger
KP GREEN 🟢
• Confirmed new orders worth ₹258 Cr
APL APOLLO 🟢
• Buying seen from a large HNI desk
• Dealers expect a report from an MNC broker
S CHAND 🟢
• Buzz of potential buyback announcement
NTPC 🟢
• Large DII reportedly accumulating in the stock
JG CHEMICALS 🟢
• Buzz of potential international acquisition
SAGILITY 🟢
• Buzz of potential global tie-up
KARUR VYSYA BANK 🟢
• Dealers expect positive newsflow
• Potential index inclusion seen as a trigger
KP GREEN 🟢
• Confirmed new orders worth ₹258 Cr
APL APOLLO 🟢
• Buying seen from a large HNI desk
• Dealers expect a report from an MNC broker
S CHAND 🟢
• Buzz of potential buyback announcement
NTPC 🟢
• Large DII reportedly accumulating in the stock
JG CHEMICALS 🟢
• Buzz of potential international acquisition
SAGILITY 🟢
• Buzz of potential global tie-up
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KP GREEN ENGINEERING: WINS ₹258.02 CR NEW ORDERS
• Secured confirmed orders worth ₹258.02 Cr across multiple segments
• Solar Projects: ₹114.53 Cr
• Crash Barriers: ₹92.38 Cr
• Pre-Engineered Buildings: ₹33.76 Cr
• Transmission Towers: ₹15.42 Cr
• Poles & Highmast + Isolators: ₹1.93 Cr
• Cumulative confirmed order intake for FY27 rises to ₹497.64 Cr
• Secured confirmed orders worth ₹258.02 Cr across multiple segments
• Solar Projects: ₹114.53 Cr
• Crash Barriers: ₹92.38 Cr
• Pre-Engineered Buildings: ₹33.76 Cr
• Transmission Towers: ₹15.42 Cr
• Poles & Highmast + Isolators: ₹1.93 Cr
• Cumulative confirmed order intake for FY27 rises to ₹497.64 Cr
FOREX DATA
Total Reserves In Week-Ended Aug 21, Up $12.42 Bn At $729.33 Bn
Foreign Currency Assets In Week-Ended Aug 21, Up $9.48 Bn At $591.33 Bn
Total Reserves In Week-Ended Aug 21, Up $12.42 Bn At $729.33 Bn
Foreign Currency Assets In Week-Ended Aug 21, Up $9.48 Bn At $591.33 Bn
ADVAIT ENERGY TRANSITIONS:
CO GUIDES FOR YEAR-END ORDER BOOK OF ₹1,600-1,650 CRORE; DHOLERA GIGAFACTORY PHASE 1 COMMISSIONING IN Q4 FY27
CO GUIDES FOR YEAR-END ORDER BOOK OF ₹1,600-1,650 CRORE; DHOLERA GIGAFACTORY PHASE 1 COMMISSIONING IN Q4 FY27
THOMAS COOK INDIA: STERLING HOLIDAY RESORTS OPENS 80TH RESORT IN BASTAR
• Sterling Holiday Resorts launches Sterling Naman Bastar in Jagdalpur, Chhattisgarh.
• This marks Sterling’s 80th resort in India and its first property in Jagdalpur.
• Resort spread across 3.21 acres with 45 rooms across five categories.
• Property includes dining, recreation and wellness facilities.
• Resort located on Chitrakote Road, offering access to key Bastar tourist destinations.
• Sterling Holiday Resorts launches Sterling Naman Bastar in Jagdalpur, Chhattisgarh.
• This marks Sterling’s 80th resort in India and its first property in Jagdalpur.
• Resort spread across 3.21 acres with 45 rooms across five categories.
• Property includes dining, recreation and wellness facilities.
• Resort located on Chitrakote Road, offering access to key Bastar tourist destinations.
DHOOT TRANSMISSION: INVESTS ₹31.32 CR IN UK SUBSIDIARY
• Acquires 75,000 equity shares of Dhoot Transmission UK Limited.
• Investment of GBP 2.40 million (~₹31.32 Cr) at GBP 32 per share.
• Funds to be used for repayment/prepayment of borrowings and business expansion.
• FY26 turnover of Dhoot Transmission UK stood at ~₹87.74 Cr.
• Subsidiary to remain wholly owned.
• Acquires 75,000 equity shares of Dhoot Transmission UK Limited.
• Investment of GBP 2.40 million (~₹31.32 Cr) at GBP 32 per share.
• Funds to be used for repayment/prepayment of borrowings and business expansion.
• FY26 turnover of Dhoot Transmission UK stood at ~₹87.74 Cr.
• Subsidiary to remain wholly owned.
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KITEX GARMENTS: INDIA RATINGS DOWNGRADES CREDIT RATING ON ₹347.98 CR BANK FACILITIES
• India Ratings downgrades credit rating on bank facilities worth ₹347.98 Cr.
• Downgrade reflects significant decline in group profitability and subdued margins in FY26.
• Profitability impacted by partial absorption of US tariff-related costs.
• Slower ramp-up at Warangal unit and delays in order execution also cited.
• Debt-funded capex for KAPL led to deterioration in consolidated credit metrics during FY26.
• Net leverage expected to remain high from FY27, with gradual deleveraging.
• India Ratings downgrades credit rating on bank facilities worth ₹347.98 Cr.
• Downgrade reflects significant decline in group profitability and subdued margins in FY26.
• Profitability impacted by partial absorption of US tariff-related costs.
• Slower ramp-up at Warangal unit and delays in order execution also cited.
• Debt-funded capex for KAPL led to deterioration in consolidated credit metrics during FY26.
• Net leverage expected to remain high from FY27, with gradual deleveraging.
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BANK OF INDIA: ACUITE REAFFIRMS CREDIT RATINGS
• Acuité reaffirms Additional Tier-I Bonds at ‘ACUITE AA+’ and Tier-II Bonds at ‘ACUITE AAA’, with Stable outlook.
• PAT rose to ₹10,527.15 Cr in FY26 from ₹9,219.02 Cr in FY25.
• Domestic advances grew 19.20% YoY to ₹6,73,833 Cr in Q1FY27.
• Capital Adequacy Ratio stood at 18.01% as of March 31, 2026.
• GNPA improved to 1.98% from 3.27% YoY; NNPA stood at 0.56%.
• Provision coverage ratio stood at 93.83% as of June 30, 2026.
• CASA ratio stood at 36.88% as of June 30, 2026.
• Ratings on certain Perpetual AT-I and Basel III AT-I bonds withdrawn at issuer’s request.
• Acuité reaffirms Additional Tier-I Bonds at ‘ACUITE AA+’ and Tier-II Bonds at ‘ACUITE AAA’, with Stable outlook.
• PAT rose to ₹10,527.15 Cr in FY26 from ₹9,219.02 Cr in FY25.
• Domestic advances grew 19.20% YoY to ₹6,73,833 Cr in Q1FY27.
• Capital Adequacy Ratio stood at 18.01% as of March 31, 2026.
• GNPA improved to 1.98% from 3.27% YoY; NNPA stood at 0.56%.
• Provision coverage ratio stood at 93.83% as of June 30, 2026.
• CASA ratio stood at 36.88% as of June 30, 2026.
• Ratings on certain Perpetual AT-I and Basel III AT-I bonds withdrawn at issuer’s request.
JAIN RESOURCE RECYCLING: CRISIL UPGRADES CREDIT RATING TO ‘AA-/STABLE’
• CRISIL upgrades long-term bank facility rating to ‘CRISIL AA-/Stable’ from ‘CRISIL A+/Watch Developing’.
• Upgrade follows resumption of operations at Unit-II in Gummidipoondi and receipt of required regulatory approvals.
• CRISIL noted limited operational disruption and negligible financial impact from the recent incident.
• Rating supported by strong business and financial risk profile and established position in non-ferrous metal recycling.
• Diversified business profile, strong risk management and healthy financial metrics also support the rating.
• Outlook remains positive, with higher contribution expected from value-added products.
• CRISIL upgrades long-term bank facility rating to ‘CRISIL AA-/Stable’ from ‘CRISIL A+/Watch Developing’.
• Upgrade follows resumption of operations at Unit-II in Gummidipoondi and receipt of required regulatory approvals.
• CRISIL noted limited operational disruption and negligible financial impact from the recent incident.
• Rating supported by strong business and financial risk profile and established position in non-ferrous metal recycling.
• Diversified business profile, strong risk management and healthy financial metrics also support the rating.
• Outlook remains positive, with higher contribution expected from value-added products.
KP GREEN ENGINEERING: WINS ₹258.02 CR NEW ORDERS
• Secured confirmed orders worth ₹258.02 Cr across multiple segments
• Solar Projects: ₹114.53 Cr
• Crash Barriers: ₹92.38 Cr
• Pre-Engineered Buildings: ₹33.76 Cr
• Transmission Towers: ₹15.42 Cr
• Poles & Highmast + Isolators: ₹1.93 Cr
• Cumulative confirmed order intake for FY27 rises to ₹497.64 Cr
• Secured confirmed orders worth ₹258.02 Cr across multiple segments
• Solar Projects: ₹114.53 Cr
• Crash Barriers: ₹92.38 Cr
• Pre-Engineered Buildings: ₹33.76 Cr
• Transmission Towers: ₹15.42 Cr
• Poles & Highmast + Isolators: ₹1.93 Cr
• Cumulative confirmed order intake for FY27 rises to ₹497.64 Cr
HERO MOTOCORP: INCREASES STAKE IN ATHER ENERGY
• Acquired additional 1.19 Cr equity shares in Ather Energy
• Total Consideration: ~₹1,758 Cr
• Post-acquisition stake: ~32.8% on a fully diluted basis
• Acquisition strengthens Hero MotoCorp’s investment in Ather Energy
• Acquired additional 1.19 Cr equity shares in Ather Energy
• Total Consideration: ~₹1,758 Cr
• Post-acquisition stake: ~32.8% on a fully diluted basis
• Acquisition strengthens Hero MotoCorp’s investment in Ather Energy
AVANTI FEEDS:
CO MANAGEMENT GUIDES FOR 5.85 LAKH MT FEED SALES IN FY27 AND ~19,000 MT SHRIMP EXPORTS, TARGETS ₹175 CRORE PET FOOD CAPEX
CO MANAGEMENT GUIDES FOR 5.85 LAKH MT FEED SALES IN FY27 AND ~19,000 MT SHRIMP EXPORTS, TARGETS ₹175 CRORE PET FOOD CAPEX
VARROC ENGINEERING:
CO’S ROMANIA SUBSIDIARY SEEKS EUR 67 MILLION FROM OP MOBILITY IN FRESH PARIS COURT PROCEEDINGS OVER A SUPPLY AGREEMENT DISPUTE.
CO’S ROMANIA SUBSIDIARY SEEKS EUR 67 MILLION FROM OP MOBILITY IN FRESH PARIS COURT PROCEEDINGS OVER A SUPPLY AGREEMENT DISPUTE.