Adani Mine receives traditional owner approval

April 16, 2016

Adani has informed that its coal mine project worth 21.7 billion dollar in Australia has finally got the authorisation by traditional land owners.

According to the Indian energy giant “W&J (Wangan and Jagalingou) community voted overwhelmingly today at a properly convened, independently-chaired meeting in accordance with established statutory process to deliver intergenerational opportunities to their communities and their children, and grandchildren”.

Adani Mining Australia CEO Jeyakumar Janakaraj has said that “This is an extremely positive development as it has reconfirmed that Adani has been working very closely with W&J (Wangan and Jagalingou) and the entire community supports the project. The level of support which has been shown in the voting by the community owners has given us lot of confidence.”

Read EquityPandit’s Nifty Energy Outlook for this week

MARKETS

HBL Engineering Shares Boost 12% on Order from Central Railway

Ali WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

The shares of HBL Engineering Ltd surged by more than 12% on Tuesday, 1 April, after the company received five Letters of Acceptance (LoA) worth Rs 762.56 crore for the provision of Kavach across 413 stations, covering 3,900 kilometres (Km).

According to a Monday exchange filing, HBL has received five letters of approval from the Central Railway for the provision of the Kavach within 413 stations, which is expected to be completed in 18 months. The company also revealed that Rs 3,618 crore has been spent on Kavach contracts given out so far this year.

In a 28 March exchange statement, the company also stated that it has received two LoAs for the provision of Kavach systems, worth Rs 499.68 crore, from North Central Railway and Western Railway.

HBL Engineering specializes in designing, manufacturing, and delivering a wide range of power solutions. The business has been well-known in a variety of industries since its establishment in 1977, including railroads, energy, telecommunications, defence, and renewable energy. HBL is particularly renowned for its expertise in providing batteries, inverters, and energy storage systems as backup power sources. The company’s products are used in numerous mission-critical applications that need reliable power.

HBL is a manufacturer of advanced battery systems for the defence sector’s tactical communication systems, submarines, and aircraft. For grid applications, the business also provides energy storage devices to fulfil the growing demand for renewable energy integration.

At 12:48 pm, the shares of HBL Engineering were trading 10.58% higher at Rs 522.50 on NSE.

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RITES Shares Surge 3% on Bagging Contracts Worth Rs 312 Crore

Ali WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

Shares of RITES Ltd surged 3% on 1 April after the company announced securing contracts worth S312.75 crore from Oil India and Numaligarh Refinery.

The company was given a letter of award (LoA) by Oil India (OIL) for Rs 157.25 crore to construct a workmen’s home complex (BQ Area) at OIL, Duliajan, using a depository works form and turnkey approach, which is anticipated to be completed in 36 months.

Furthermore, the company was given a LoA for Rs 155.50 crore by Numaligarh Refinery for the turnkey, cost-plus railway sidings at NRL Panchgram Terminal, the third railway spur at Rangapani (SMT), and Duliajan (Crude Oil TW Loading Railway Siding) of OIL.

The aforementioned improvements need to be completed within 24 months of the site being turned over.

On 17 March, Ntokoto Rail Holdings Pty. awarded additional work for the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives equipped with new Cape Gauge Bogies, Traction Motors, Control System Air Braking, etc., overhauled at a designated facility and on-site warranty support for a year. The addition to the contract agreement was delivered to the company on 17 March.

The order will be performed in six months and is now valued at USD 10.80 million (CIF) rather than USD 5.40 million (CIF).

Earlier, on 6 March, the company received a LoA from South Central Railway for a project worth Rs 27.9 crore. The project includes a final location survey for the High-Speed Elevated Rail Corridor between Hyderabad and Chennai and Hyderabad and Bengaluru.

At 11:35 am, the shares of RITES were trading 2.03% higher at Rs 227.90 on NSE.

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MARKETS

Stocks Under F&O Ban:

Ali WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

Under the futures and options (F&O) segment, no stocks were banned from trade on Tuesday, 1 April, by the National Stock Exchange (NSE).

Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market.

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.

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MARKETS

Stocks in Focus: Hindustan Aeronautics, HBL Engineering, Vodafone Idea, and Others

Ali WaghbakriwalaApril 1, 2025April 1, 2025

April 1, 2025April 1, 2025

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 176 points lower at 23,519.35, indicating that the domestic benchmark indices are likely to make a negative start on Tuesday.

On Monday, 31 March, Domestic benchmark indices S&P BSE Sensex slumped by 191.51 points or 0.25% and settled at 77,414.92 while the Nifty50 traded 0.31% lower by 72.60 points, settling at 23,519.35.

Here are some stocks that are likely to remain in focus on 1 April.

Hindustan Aeronautics: The company has announced inking two contracts with the Ministry of Defence for supplying 156 Light Combat Helicopters of which 90 units will be given to the Indian Army and 66 units will be given to the Indian Air Force for a total consideration of Rs 62,700 crore.

HBL Engineering: The company has secured 5 LoA worth from the Central Railway for the provision of the Kavach. The value of these contracts stands at Rs 762.56 crore.

Vodafone Idea: The government of India has announced their plans to raise its stake in the company to 48.99% after converting the outstanding spectrum auction dies into equity shares. The centre has ordered the company to issue equity shares worth Rs 36,950 crore to the government.

Auto Stocks: The shares of automobile companies such as TVS Motor, Hyundai India, Hero Motocorp, Maruti Suzuki, and many others will be in focus as these companies are set to release their monthly sales for the month of March.

Power Mech Projects: The company has secured an order worth Rs 425 crore from Mirzapur Thermal Energy, which is a wholly-owned subsidiary of Adani Power for civil works and the erection of prefabricated structural steel.

ITC: The company has announced its plans to acquire Century Pulp and Paper from Aditya Birla Real Estate for a total consideration of Rs 3,498 crore, strengthening its foothold in the north and boosting its own paper capacity by half.

NCC: The company has announced receiving other orders worth Rs 5,773 crore in March 2025, from which, orders worth Rs 2,686 crore are for the transportation business vertical, orders worth Rs 2,139 crore are for the building business vertical, and orders worth Rs 948 crore are for the water and environment business vertical.

Engineers India: The company has announced securing a consultancy order worth Rs 245 crore from a state-owned company for executing projects on a cost-plus basis in West Bengal and Maharashtra.

RITES: The company has secured a Letter of Award (LoA) from Numaligarh Refinery for a project worth Rs 155.5 crore. The scope of the order involved railway sidings at the NRL Panchgram Terminal, a 3rd Railway Spur at Rangapani (SMT), and Duliajan (crude oil TW loading railway siding) of Oil India.

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MARKETS

BEML Shares Extend Gains on Rs 405 Crore Contract

Ali WaghbakriwalaMarch 28, 2025March 28, 2025

March 28, 2025March 28, 2025

Shares of BEML jumped 7% and hit an intraday high of Rs 3,367.90 on 28 March after the company announced receiving a contract worth Rs 405 crore from Bengaluru Metro Rail Corporation Limited (BMRCL).

The contract under Bengaluru Metro Rail Projects includes comprehensive maintenance and staff training for a maximum of fifteen (15) years, as well as the design, production, delivery, installation, testing, and commissioning of standard gauge metro vehicles.

BEML announced plans to construct a mining equipment manufacturing factory in Chhattisgarh in the interim. This plant will primarily produce dump trucks, water sprinklers, and high-performance motor graders. According to the corporation, this will satisfy the rising demand in the mining and infrastructure sectors.

BEML, a well-known multi-technology “Schedule A” company under the Ministry of Defense, is vital to India’s primary industries, which include mining, construction, rail, power, and defence, thanks to its excellent products.

On 12 March 2025, Siemens India and BEML signed a non-binding Memorandum of Understanding (MoU) to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as the metro and commuter rail markets.

Additionally, BEML and Dragflow S.R.L., Italy Forge, signed an MOU to Strengthen Indigenous Dredging Solutions.

Last month, BEML and a renowned South Korean company, STX Engine, signed a strategic partnership to jointly develop, manufacture, and market battle tank engines, marine engines, spare parts, and engine aggregates. The agreement involves engine component servicing and maintenance to suit India’s defence needs, in addition to looking into export opportunities to friendly nations.

At 3:30 pm, the shares of BEML closed 2.85% higher at Rs 3,230 on NSE.

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