Buzzing stocks for Sept 16: Bharat Forge, Titagarh Rail, BHEL, Cochin Shipyard, Thermax, Blue Star, Allen Blenders, Tata Communications, Mazagon Dock
Key players in India’s manufacturing and defense sectors, like Bharat Forge and Titagarh Rail, are advancing through strategic partnerships, while Cochin Shipyard and Mazagon Dock undertake ambitious projects to boost national capabilities and job creation.
Bharat Forge and Pratt & Whitney Canada have teamed up to assess the integration of high-altitude, long-endurance UAV engines. Titagarh Rail Systems and Bharat Heavy Electricals Limited have formed a Joint Venture Company to maintain Vande Bharat Trainsets for 35 years. Cochin Shipyard and Drydocks World Dubai have created a joint venture to manage an international ship repair facility at Willingdon Island.
Thermax's subsidiary has set up a new company in Botswana to provide support services for boilers and power plants. Blue Star's joint venture partner has appealed a court decision in favor of Blue Star. Allied Blenders and Distillers has received a manufacturing licence to produce 4.4 million Bulk Litres of malt spirits annually.
Tata Communications and its Canadian subsidiary have agreed to settle tax claims related to international telecommunications services. Mazagon Dock Shipbuilders plans to invest ₹27,000 crore in a new greenfield shipbuilding cluster, creating 90,000 jobs.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
