Stocks in focus: SBI, L&T, Alkem Lab, Adani Enterprises, BEL, GRSE, BHEL, Waaree Renewable among others
JAEL expands into EDMS with 40% stake in Zettaone; SBI pushes US footprint as diversification gathers pace across multiple sectors, from defence to renewable energy and critical infrastructure projects
Jubilant Advanced Electronics Ltd (JAEL) has acquired a 40% stake in Zettaone Technologies India Private Ltd, entering the Electronics Design and Manufacturing Services sector. The deal, including an option to increase its ownership to 51% next year, was executed through JAEL's wholly owned subsidiary. State Bank of India established its first US branch outside California at Frisco, Texas, expanding its international presence to eight branches, including three direct operations in New York, Chicago, and Los Angeles, and a representative office in Washington DC.
Larsen and Toubro Ltd awarded the PRP-X Project to a consortium of SEAMEC Ltd and Posh India Offshore Private Ltd, with a lump sum contract value of $26.14 million. Alkem Laboratories Ltd entered the Saudi Arabian market by incorporating Alkem Pharma Company, Limited Liability Company, focusing on pharmaceutical and nutraceutical products.
Adani Enterprises' AdaniConneX Private acquired a 100% stake in Vizag Mega Data Center Park for ₹1,085.51 crore. ABOR Projects LLP received an order worth ₹44.19 crore from Central Railway Loco Workshop for refurbishing LHB Coaches. JTL Industries Ltd completed the hot trial of the Pickling Line and began cold trials of the GP Line, expanding its value-added product portfolio.
Bharat Electronics Ltd secured additional orders worth ₹909 crore, including Stabilized Optronic Pedestal, communication equipment, navigation systems, and night vision devices. Garden Reach Shipbuilders & Engineers Ltd delivered its fifth ASW-SWC for the Indian Navy, and BHEL received an order worth ₹600 crore-₹900 crore for 2 Nos. +300/-200 MVAR Synchronous Condenser.
Waaree Renewable Technologies Ltd signed a Work Order for a 285 MWp Solar Power Project, with completion expected in FY27-28. Sejal Glass Ltd approved a Business Transfer Agreement with Magnumtuff India Private Ltd for its Architectural Glass and Automotive Glass business. Arka Fincap Ltd signed definitive agreements with The Rise Funds, TPG’s subsidiary, for funding.
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