DATA CENTRE STOCKS: WATER-STRESS CONCERNS RISE AS CAPACITY EXPANDS
• India’s data-centre capacity has risen sharply from ~375 MW in 2020 to ~1,575 MW.
• A 100 MW hyperscale data centre could consume ~2 million litres of water per day for cooling, depending on technology.
• Data-centre water consumption was around 150 billion litres in 2024 and is projected to more than double by 2030.
• Water-stress concerns have emerged around data-centre expansion in Thane and Visakhapatnam.
• Government says data centres do not automatically require environmental clearance, though certain large construction projects may require approvals.
• Rising water usage could increase regulatory scrutiny and spending on water-efficient cooling, recycling and reuse.
• India’s data-centre capacity has risen sharply from ~375 MW in 2020 to ~1,575 MW.
• A 100 MW hyperscale data centre could consume ~2 million litres of water per day for cooling, depending on technology.
• Data-centre water consumption was around 150 billion litres in 2024 and is projected to more than double by 2030.
• Water-stress concerns have emerged around data-centre expansion in Thane and Visakhapatnam.
• Government says data centres do not automatically require environmental clearance, though certain large construction projects may require approvals.
• Rising water usage could increase regulatory scrutiny and spending on water-efficient cooling, recycling and reuse.
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🏢 Russell 2000 / Small Cap 2000: 2,953.17, up 1.13% — strongest among major indices.
INDIA DAYBOOK | 03 SEPTEMBER 2026
STOCKS IN NEWS | AFTER MARKET CLOSE
POSITIVE NEWS
- Persistent Systems — Plans to raise $450 Mn through debt/equity.
- Ola Electric — Board to consider fundraising on Sep 5.
- KSH International — Factory licence renewed till Dec 2030.
- HUDCO — MoU with Bihar Government for funding of up to ₹25,000 Cr.
- Kirloskar Oil Engines — Strategic cooperation with DEUTZ on 1.6L engine platform.
- Sterlite Technologies — CRISIL upgraded long-term ratings to AA/Stable.
- Muthoot Finance — Shareholders approved MD/Whole-Time Director appointments.
- Jeena Sikho Lifecare — Added six new products to its Ayurvedic portfolio.
- Jindal Worldwide — Shareholders approved MD re-appointment.
- Shivalik Bimetal Controls — Kabir Ghumman re-appointed as MD.
- GMR Airports — CRISIL upgraded existing NCBs to AA-/Stable.
- Power Grid — Won Rajasthan REZ transmission project with ₹3,244 Cr annual charges.
- Kabra Extrusion Technik — Received LOI from a leading 2-wheeler OEM for battery packs.
- Fine Organics — Agreed to acquire 80% stake in Oleofine Organics.
- Indo-Tech Transformers — Won ₹165.6 Cr AP TRANSCO order.
- Technocraft Ventures — Q1 margins improved 220 bps YoY.
- Nuvama Wealth — Received relief from Supreme Court.
- ICICI Bank — Completed purchase of additional 2% stake in ICICI Prudential Life.
- Aditya Birla Capital — Raised ₹300 Cr through listed NCDs.
- L&T Finance — Allotted ₹500 Cr NCDs.
- Aavas Financiers — Plans ₹100 Cr NCD issue.
- Anand Rathi Wealth — Invested ₹5.49 Cr in IFSC subsidiary.
- Kajaria Ceramics — Partnered for solar/wind power supply to Rajasthan plants.
- NMDC — August production grew 20.8% YoY.
NEGATIVE NEWS
- FACT — Faces ₹438 Cr penal-interest impact on government loan and is seeking waiver.
- SAIL — LIC reduced stake by 2% to 4.63%, creating potential supply pressure.
- Hexaware Technologies — CEO resigned and will transition to Senior Advisor.
- Page Industries — Faces ~₹294 Cr Dubai court claim plus interest.
- Omaxe — SAT dismissed appeal against SEBI order.
- Quality Power Electrical — Deferred proposed preferential issue.
- NHPC — Faces ₹392 Cr plus €1.54 Mn arbitration award in Subansiri dispute.
- Reliance Infrastructure — ED filed PMLA prosecution complaint alleging ₹179.7 Cr.
- Aarti Pharmalabs — Faces ₹59.5 Cr stamp duty and penalty.
- Responsive Industries — Promoter group pledged 15L shares.
- GCPL — Inventory-adjustment concerns flagged in strategy call.
NEUTRAL / WATCH
- KPI Green — CFO Salim Yahoo ceased to be CFO/KMP.
- Blue Star — Completed MedTech business sale for up to ₹40 Cr.
- Escorts Kubota — Launched new Farmtrac and PROMAXX tractor ranges.
- AxisCades Tech — Board to consider ₹200 Cr NCD fundraising on Sep 5.
- Baazar Style Retail — Leadership changes; litigation with Cupid to be withdrawn.
- DIPAM — Rural Development shares transferred to Housing & Urban Affairs; government holding unchanged at 75%.
- MosChip Technologies — Supreme Court directed additional ₹200 Cr security in Vayavya Labs dispute.
- Shukra Pharmaceuticals — Promoter converted warrants worth ₹3.13 Cr.
- Godrej Properties — Ratings reaffirmed at AA+/Stable and A1+.
- CEAT — Odisha tax demand revised to ₹3.84 Cr plus interest/penalty.
- India Cements — To acquire 26% in Amplus TN One Energy for up to ₹14.1 Cr.
- Coromandel International — Converted ₹108 Cr subsidiary loan into equity.
- HEG — Changed name to HEG Advanced Materials.
- Samvardhana Motherson — Provided ₹70 Cr corporate guarantee for subsidiary.
- MSP Steel & Power — Board approved demerger scheme.
- RBL Bank — Mobilised ~$3.4 Bn FCNR(B) deposits; considering foreign-currency bond issue.
- Metropolis Healthcare — Targets expansion to 1,000 towns over three years.
- Syrma SGS — Elemaster JV targets ₹200 Cr first-year revenue.
- Cochin Shipyard — Started construction of four battery-electric tugs.
- Auto Components — Industry targets $200 Bn turnover by FY30.
- Engineering Exporters — Raised concerns over proposed Russia sanctions bill.
- NCLAT / Supertech — Seeks status report on delayed housing projects.
KEY TAKEAWAY
- Strong order wins, funding activity and capacity expansion dominate positives, while regulatory/legal issues and promoter stake sales remain key negatives to watch.
STOCKS IN NEWS | AFTER MARKET CLOSE
POSITIVE NEWS
- Persistent Systems — Plans to raise $450 Mn through debt/equity.
- Ola Electric — Board to consider fundraising on Sep 5.
- KSH International — Factory licence renewed till Dec 2030.
- HUDCO — MoU with Bihar Government for funding of up to ₹25,000 Cr.
- Kirloskar Oil Engines — Strategic cooperation with DEUTZ on 1.6L engine platform.
- Sterlite Technologies — CRISIL upgraded long-term ratings to AA/Stable.
- Muthoot Finance — Shareholders approved MD/Whole-Time Director appointments.
- Jeena Sikho Lifecare — Added six new products to its Ayurvedic portfolio.
- Jindal Worldwide — Shareholders approved MD re-appointment.
- Shivalik Bimetal Controls — Kabir Ghumman re-appointed as MD.
- GMR Airports — CRISIL upgraded existing NCBs to AA-/Stable.
- Power Grid — Won Rajasthan REZ transmission project with ₹3,244 Cr annual charges.
- Kabra Extrusion Technik — Received LOI from a leading 2-wheeler OEM for battery packs.
- Fine Organics — Agreed to acquire 80% stake in Oleofine Organics.
- Indo-Tech Transformers — Won ₹165.6 Cr AP TRANSCO order.
- Technocraft Ventures — Q1 margins improved 220 bps YoY.
- Nuvama Wealth — Received relief from Supreme Court.
- ICICI Bank — Completed purchase of additional 2% stake in ICICI Prudential Life.
- Aditya Birla Capital — Raised ₹300 Cr through listed NCDs.
- L&T Finance — Allotted ₹500 Cr NCDs.
- Aavas Financiers — Plans ₹100 Cr NCD issue.
- Anand Rathi Wealth — Invested ₹5.49 Cr in IFSC subsidiary.
- Kajaria Ceramics — Partnered for solar/wind power supply to Rajasthan plants.
- NMDC — August production grew 20.8% YoY.
NEGATIVE NEWS
- FACT — Faces ₹438 Cr penal-interest impact on government loan and is seeking waiver.
- SAIL — LIC reduced stake by 2% to 4.63%, creating potential supply pressure.
- Hexaware Technologies — CEO resigned and will transition to Senior Advisor.
- Page Industries — Faces ~₹294 Cr Dubai court claim plus interest.
- Omaxe — SAT dismissed appeal against SEBI order.
- Quality Power Electrical — Deferred proposed preferential issue.
- NHPC — Faces ₹392 Cr plus €1.54 Mn arbitration award in Subansiri dispute.
- Reliance Infrastructure — ED filed PMLA prosecution complaint alleging ₹179.7 Cr.
- Aarti Pharmalabs — Faces ₹59.5 Cr stamp duty and penalty.
- Responsive Industries — Promoter group pledged 15L shares.
- GCPL — Inventory-adjustment concerns flagged in strategy call.
NEUTRAL / WATCH
- KPI Green — CFO Salim Yahoo ceased to be CFO/KMP.
- Blue Star — Completed MedTech business sale for up to ₹40 Cr.
- Escorts Kubota — Launched new Farmtrac and PROMAXX tractor ranges.
- AxisCades Tech — Board to consider ₹200 Cr NCD fundraising on Sep 5.
- Baazar Style Retail — Leadership changes; litigation with Cupid to be withdrawn.
- DIPAM — Rural Development shares transferred to Housing & Urban Affairs; government holding unchanged at 75%.
- MosChip Technologies — Supreme Court directed additional ₹200 Cr security in Vayavya Labs dispute.
- Shukra Pharmaceuticals — Promoter converted warrants worth ₹3.13 Cr.
- Godrej Properties — Ratings reaffirmed at AA+/Stable and A1+.
- CEAT — Odisha tax demand revised to ₹3.84 Cr plus interest/penalty.
- India Cements — To acquire 26% in Amplus TN One Energy for up to ₹14.1 Cr.
- Coromandel International — Converted ₹108 Cr subsidiary loan into equity.
- HEG — Changed name to HEG Advanced Materials.
- Samvardhana Motherson — Provided ₹70 Cr corporate guarantee for subsidiary.
- MSP Steel & Power — Board approved demerger scheme.
- RBL Bank — Mobilised ~$3.4 Bn FCNR(B) deposits; considering foreign-currency bond issue.
- Metropolis Healthcare — Targets expansion to 1,000 towns over three years.
- Syrma SGS — Elemaster JV targets ₹200 Cr first-year revenue.
- Cochin Shipyard — Started construction of four battery-electric tugs.
- Auto Components — Industry targets $200 Bn turnover by FY30.
- Engineering Exporters — Raised concerns over proposed Russia sanctions bill.
- NCLAT / Supertech — Seeks status report on delayed housing projects.
KEY TAKEAWAY
- Strong order wins, funding activity and capacity expansion dominate positives, while regulatory/legal issues and promoter stake sales remain key negatives to watch.
POSITIVE FOR CAPITAL GOODS/POWER ANCILLARY STOCKS
SIEMENS ENERGY INDIA
Order ramp up in transmission sector
Export demand for transformers, switchgears
Capacity expansion plans
SIEMENS ENERGY INDIA
Order ramp up in transmission sector
Export demand for transformers, switchgears
Capacity expansion plans
MAJOR CONTRACT WINS | SEPTEMBER 02, 2026
BEML
₹180.60 Cr — Vande Bharat trainset manufacturing order
POWERGRID
Rajasthan inter-state transmission system project win
GPTINFRA
₹483.70 Cr — Bridge construction project order
INDOTECH
₹165.55 Cr — Order for 26 power transformers
MANBRO
₹7.79 Cr — GI steel tubular poles order
ACCORDTS
₹9.69 Cr — Transformer supply order
VEERHEALTH
₹4.37 Cr — Order from Indian FMCG company
AFCOM
Acquisition of 4 Boeing 777-8F freighter aircraft
BEML
₹180.60 Cr — Vande Bharat trainset manufacturing order
POWERGRID
Rajasthan inter-state transmission system project win
GPTINFRA
₹483.70 Cr — Bridge construction project order
INDOTECH
₹165.55 Cr — Order for 26 power transformers
MANBRO
₹7.79 Cr — GI steel tubular poles order
ACCORDTS
₹9.69 Cr — Transformer supply order
VEERHEALTH
₹4.37 Cr — Order from Indian FMCG company
AFCOM
Acquisition of 4 Boeing 777-8F freighter aircraft
CLSA On #GodrejCons: Underperform call, target price cut to ₹743/sh. India growth may remain lower due to GT inventory correction, high invsts & tough input-cost environment. Invsts of ₹200 cr annually planned across R&D, GTM & marketing. FY27-29 CL PAT estimates cut 4-6%
Stocks To Watch |📊Ready, set, trade! Keep an eye on these stocks as they set the market buzz
RPG LIFE SCIENCES: RPG ACTIVE PHARMA ACQUIRES API BUSINESS OF RAGHAVA LIFE SCIENCES TO STRENGTHEN ITS INTEGRATED API PLAY
GODAVARI DRUGS | MICRO-CAP WITH A POTENTIAL CAPACITY INFLECTION
Godavari Drugs, with a market cap of around ₹100 Cr, has released its FY26 Annual Report.
Key Developments
• Preferential issue completed at ₹89/share, raising approximately ₹44.12 Cr from promoters and non-promoters.
• The company has invested around ₹60 Cr in a new manufacturing facility over the last two years.
• This is significant against the existing net block of around ₹30 Cr, effectively creating a major expansion in the fixed-asset base.
• Production from the new facility is expected to commence in FY27.
• The company is exploring CDMO partnership opportunities as a potential growth avenue.
What Makes It Interesting
The upcoming facility could create a meaningful step-up in manufacturing capacity relative to the company’s existing asset base.
The CDMO opportunity is also worth tracking, although the Annual Report does not indicate any specific major breakthrough or confirmed partnership yet.
Key Takeaway
Godavari Drugs is an interesting micro-cap to watch because FY27 could be an important capacity-to-revenue conversion year.
However, the investment thesis is still at an early stage. The key monitorables will be new-facility commissioning, capacity utilisation, revenue ramp-up and any concrete CDMO wins.
Godavari Drugs, with a market cap of around ₹100 Cr, has released its FY26 Annual Report.
Key Developments
• Preferential issue completed at ₹89/share, raising approximately ₹44.12 Cr from promoters and non-promoters.
• The company has invested around ₹60 Cr in a new manufacturing facility over the last two years.
• This is significant against the existing net block of around ₹30 Cr, effectively creating a major expansion in the fixed-asset base.
• Production from the new facility is expected to commence in FY27.
• The company is exploring CDMO partnership opportunities as a potential growth avenue.
What Makes It Interesting
The upcoming facility could create a meaningful step-up in manufacturing capacity relative to the company’s existing asset base.
The CDMO opportunity is also worth tracking, although the Annual Report does not indicate any specific major breakthrough or confirmed partnership yet.
Key Takeaway
Godavari Drugs is an interesting micro-cap to watch because FY27 could be an important capacity-to-revenue conversion year.
However, the investment thesis is still at an early stage. The key monitorables will be new-facility commissioning, capacity utilisation, revenue ramp-up and any concrete CDMO wins.
📊 LISTING TODAY - 03 SEP 2026
1. LUMINO INDUSTRIES LTD
- NSE: LUMINO | BSE: 544894
- IPO PRICE: ₹82 | RETAIL LOT: 182 | HNI LOT: 2548
- ISIN: INE185Q01025
1. LUMINO INDUSTRIES LTD
- NSE: LUMINO | BSE: 544894
- IPO PRICE: ₹82 | RETAIL LOT: 182 | HNI LOT: 2548
- ISIN: INE185Q01025
𝙂𝙡𝙖𝙨𝙨 𝙒𝙖𝙡𝙡 𝙎𝙮𝙨𝙩𝙚𝙢𝙨 (𝙄𝙣𝙙𝙞𝙖) 𝙇𝙞𝙢𝙞𝙩𝙚𝙙 𝙄𝙋𝙊
◆Date : 8 to 10-Sep-2026
◆Price : ₹172 - ₹182
◆Lot : 82 Shares
◆Size : ₹427.89 Cr
◆FV : ₹2/-
◆Retail : 35%
Lots:
◆Bhni : 2,048
◆Shni : 1,024
◆Retail : 1,00,349
◆Allotment : 11 Sep
◆Listing : 16 Sep
◆Registrar : MUFG Intime
◆Date : 8 to 10-Sep-2026
◆Price : ₹172 - ₹182
◆Lot : 82 Shares
◆Size : ₹427.89 Cr
◆FV : ₹2/-
◆Retail : 35%
Lots:
◆Bhni : 2,048
◆Shni : 1,024
◆Retail : 1,00,349
◆Allotment : 11 Sep
◆Listing : 16 Sep
◆Registrar : MUFG Intime
❤1
𝙋𝙧𝙖𝙨𝙤𝙡 𝘾𝙝𝙚𝙢𝙞𝙘𝙖𝙡𝙨 𝙇𝙞𝙢𝙞𝙩𝙚𝙙 𝙄𝙋𝙊
◆Date : 8 to 10-Sep-2026
◆Price : ₹643 - ₹676
◆Lot : 22 Shares
◆Size : ₹500.00 Cr
◆FV : ₹2/-
◆Retail : 35%
Lots:
◆Bhni : 2,401
◆Shni : 1,201
◆Retail : 1,17,671
◆Allotment : 11 Sep
◆Listing : 16 Sep
◆Registrar : KFIN Tech
◆Date : 8 to 10-Sep-2026
◆Price : ₹643 - ₹676
◆Lot : 22 Shares
◆Size : ₹500.00 Cr
◆FV : ₹2/-
◆Retail : 35%
Lots:
◆Bhni : 2,401
◆Shni : 1,201
◆Retail : 1,17,671
◆Allotment : 11 Sep
◆Listing : 16 Sep
◆Registrar : KFIN Tech
𝙆𝙖𝙣𝙤𝙝𝙖𝙧 𝙀𝙡𝙚𝙘𝙩𝙧𝙞𝙘𝙖𝙡𝙨 𝙇𝙞𝙢𝙞𝙩𝙚𝙙 𝙄𝙋𝙊
◆Date : 8 to 10-Sep-2026
◆Price : ₹601 - ₹632
◆Lot : 23 Shares
◆Size : ₹1053.74 Cr
◆FV : ₹2/-
◆Retail : 35%
Lots:
◆Bhni : 5,188
◆Shni : 2,594
◆Retail : 2,54,203
◆Allotment : 11 Sep
◆Listing : 16 Sep
◆Registrar : MUFG Intime
◆Date : 8 to 10-Sep-2026
◆Price : ₹601 - ₹632
◆Lot : 23 Shares
◆Size : ₹1053.74 Cr
◆FV : ₹2/-
◆Retail : 35%
Lots:
◆Bhni : 5,188
◆Shni : 2,594
◆Retail : 2,54,203
◆Allotment : 11 Sep
◆Listing : 16 Sep
◆Registrar : MUFG Intime
𝘼𝙨𝙨𝙚𝙩 𝙍𝙚𝙘𝙤𝙣𝙨𝙩𝙧𝙪𝙘𝙩𝙞𝙤𝙣 𝘾𝙤𝙢𝙥𝙖𝙣𝙮 (𝙄𝙣𝙙𝙞𝙖) 𝙇𝙞𝙢𝙞𝙩𝙚𝙙 𝙄𝙋𝙊
◆Date : 9 to 11-Sep-2026
◆Price : ₹132 - ₹139
◆Lot : 107 Shares
◆Size : ₹732.97 Cr
◆FV : ₹10/-
◆Retail : 35%
Lots:
◆Bhni : 3,520
◆Shni : 1,760
◆Retail : 1,72,488
◆Allotment : 15 Sep
◆Listing : 17 Sep
◆Registrar : MUFG Intime
◆Date : 9 to 11-Sep-2026
◆Price : ₹132 - ₹139
◆Lot : 107 Shares
◆Size : ₹732.97 Cr
◆FV : ₹10/-
◆Retail : 35%
Lots:
◆Bhni : 3,520
◆Shni : 1,760
◆Retail : 1,72,488
◆Allotment : 15 Sep
◆Listing : 17 Sep
◆Registrar : MUFG Intime
❤1