Stocks to watch: Tata Steel, Torrent Pharma, HAL, BHEL, NLC India among shares in focus today
Waaree Solar Americas, a subsidiary of the company, has received a major order to supply 540 MW of solar modules from a U.S.-based developer specializing in utility-scale solar and energy storage projects.
The board of the state-run Mazagon Dock has given the green light to acquire a majority stake in Colombo Dockyard PLC, a shipbuilding company listed in Sri Lanka, for $52.96 million (approximately ₹ 452 crore).
Torrent Pharma, the leading company of the Torrent Group, announced on Sunday that it will acquire a controlling 46.39% stake in JB Chemicals and Pharmaceuticals from the global investment firm KKR.
Post Graduate Institute of Medical Education and Research (PGIMER) is currently considering a proposal to hand over the management of its hospital canteens to the Indian Railway Catering and Tourism Corporation (IRCTC).
BHEL received a fresh order from Adani Power on June 27 to supply critical equipment and supervise operations for six major thermal power units, each with a capacity of 800 MW.
Government-owned aerospace and defence giant Hindustan Aeronautics Ltd (HAL) has proposed a final dividend of ₹ 15 per equity share for the financial year 2024–25.
NLC India announced that it has received a Letter of Award (LoA) from NTPC Ltd for the development of a 450 MW wind-solar hybrid power project connected to the interstate transmission system (ISTS).
The U.S. Securities and Exchange Commission (SEC) has submitted a status report to a federal court in New York, outlining its continued attempts to deliver legal documents to billionaire Gautam Adani and his nephew Sagar Adani as part of a civil securities lawsuit initiated last year.
India's leading paint manufacturer has declared the acquisition of the remaining 40% equity stake in Obgenix Software Private Limited, the company behind the 'White Teak' brand, for a cash payment of ₹ 188 crore.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
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Tata Steel awards major upgrade project to local firm Systems Group
Tata Steel has awarded a major contract to Welsh engineering firm Systems Group for the first phase of the refurbishment of its two continuous casters in Port Talbot, South Wales in the UK, a statement said on Tuesday. Systems Group, based in Maesteg, will carry out critical structural work and pipework replacement on Port Talbot's two continuous casters an essential part of the steelmaking process, turning liquid steel from the Electric Arc Furnace into solid steel slabs. The scheme is a key part of Tata Steel UK's GBP 1.25 billion transition to greener steelmaking. The life-extension of the continuous casters will support the journey to sustainable low CO2 steelmaking as the business prepares for the commissioning of a new electric arc furnace (EAF) by the end of 2027. Once operational, the EAF is expected to reduce Port Talbot's carbon emissions by approximately 90 per cent, equivalent to 5 million tonnes of CO2 per year. Ryan O'Neill, Managing Director at Systems Group, said: "We are delighted to have been awarded this important contract by Tata Steel. As a local company, we are proud to play a role in helping secure the future of steelmaking in South Wales. This project not only supports the region's economy but also helps deliver cutting-edge, low-carbon steel production, the official said. Ian Ellis, Engineering Project Manager at Tata Steel and lead on the caster life-extension, said: This is a hugely important project for Port Talbot and for Tata Steel's future in the UK ... This work will ensure our existing casters are in the very best condition to handle steel from our new electric arc furnace in the volumes and qualities demanded by our customers." Following the appointment of Systems Group, Tata Steel expects to award further contracts in the coming months for additional electrical, mechanical and process control system upgrades.
Time of India
an hour ago
- Time of India
Tata Steel awards major upgrade project to local firm Systems Group
Synopsis Tata Steel has selected Systems Group for a major project. The Welsh firm will refurbish continuous casters at Port Talbot. This upgrade is part of Tata Steel UK's green transition. The project extends the life of casters for low CO2 steelmaking. A new electric arc furnace will be commissioned by 2027. This will significantly reduce carbon emissions at Port Talbot.
Time of India
6 hours ago
- Time of India
Keeping China in check: Why Mazagon Dock's Lanka deal is a big strategic move
Keeping China in check: Why Mazagon Dock's Lanka deal is a big strategic move Team TOI Plus Jul 1, 2025, 16:56 IST IST As defence PSU MDL acquires a majority stake in Colombo Dockyard, it will provide India with a crucial operational foothold in the Indian Ocean Region, adjacent to some of the world's busiest maritime routes. Here's how it will help both India and Sri Lanka In a significant move, India's state-owned Mazagon Dock Shipbuilders Ltd (MDL) is set to make its first international acquisition with the purchase of a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka 's largest shipbuilder. Valued at ₹450 crore, the deal will provide the Mumbai-based defence public sector undertaking (PSU) — which builds submarines, warships and other vessels — with a crucial operational foothold in the Indian Ocean Region, adjacent to some of the world's busiest maritime routes.
