Stocks in focus: SBI, L&T, Alkem Lab, Adani Enterprises, BEL, GRSE, BHEL, Waaree Renewable among others
Jubilant Ingrevia subsidiary Jubilant Advanced Electronics Ltd (JAEL) has executed a Share Subscription and Share Purchase Agreement to acquire a 40 per cent strategic equity stake in Zettaone Technologies India Private Ltd. The transaction marks the company’s entry into the Electronics Design and Manufacturing Services (EDMS) sector. The agreement includes an option for JAEL to increase its shareholding to 51 per cent during the next year, subject to specific terms. This move follows an earlier disclosure dated October 1, 2026, which outlined the acquisition plan through the wholly owned subsidiary rather than directly by the parent company.
State Bank of India (SBI), the country’s largest bank, has marked a significant milestone in its international expansion with the inauguration of a new branch of SBIC Bank at Frisco, North Dallas, Texas, by Challa Sreenivasulu Setty, Chairman, State Bank of India. The inauguration marks a historic development for SBIC Bank, the wholly owned US subsidiary of SBI, as it establishes its first-ever branch outside California, taking its branch network in the United States from seven to eight. Apart from 8 SBIC branches, SBI also operates through its 3 direct branches at New York, Chicago and Los Angeles, and one representative office at Washington DC, reflecting the region’s strategic importance for the Bank.
Larsen and Toubro Ltd (L&T Energy Hydrocarbon Div) has awarded Letter of Award (LOA) subsea installation works for PRP-X Project of ONGC to the Consortium of SEAMEC Ltd and Posh India Offshore Private Ltd. The lump sum contract value for SEAMEC’s Scope of Work is $26.14 million exclusive of GST. The work will be completed by May 2027.
Alkem Laboratories Ltd has incorporated its joint venture subsidiary in the Kingdom of Saudi Arabia named Alkem Pharma Company, Limited Liability Company. The new entity will focus on the manufacture, import, marketing, and distribution of pharmaceutical and nutraceutical products in the region.
AdaniConneX Private, a joint venture of Adani Enterprises, has signed an agreement to acquire a 100 per cent stake in Vizag Mega Data Center Park for ₹1,085.51 crore on Friday, November 6.
ABOR Projects LLP, a Joint Venture (JV) entity formed between Oriental Rail Infrastructure Ltd and A B Composites Private Ltd, has received a Letter of Acceptance (LoA) worth ₹44.19 crore from Central Railway Loco Workshop, Parel, Mumbai, for refurbishment of LHB Coaches (including furnishing, seats and electrical work) on turnkey basis. The entire work shall be completed within 18 months from date of issue of LoA.
JTL Industries Ltd, a leading manufacturer of structural steel tubes and pipes, has announced the successful completion of the hot trial of the Pickling Line and commencement of the cold trials of the GP Line at its Maharashtra facility, marking important milestones in its expansion journey. The company recorded 20.2 per cent year-on-year (y-o-y) growth in sales volume in H1 FY27, and these developments further support its endeavour to expand its value-added product portfolio through this facility and upcoming product additions.
Pickling is a surface-treatment process that removes oxide scale formed during the hot rolling of steel coils, resulting in a clean and uniform steel surface. The processed material, known as Hot Rolled Pickled and Oiled (HRPO), is suitable for further processing through Galvanising (GP) and Colour Coating Lines, and also finds applications in the automobile industry itself. The GP Line cold trial marks progress in the company’s downstream value-added processing capabilities.
Bharat Electronics Ltd (BEL) has secured additional orders worth ₹909 crore since the last disclosure on 21 October 2026. Major orders received include Stabilized Optronic Pedestal, communication equipment, navigation systems, night vision devices, software solutions, components, upgrades, spares, services etc.
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Navratna Defence Public Sector Undertaking under the Ministry of Defence, Government of India, delivered Amini, the fifth of the eight Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) being built by the shipyard for the Indian Navy. The ASW SWC was accepted by Rear Admiral Gautam Marwaha, VSM, CSO (Tech), HQENC on Thursday, 5 November 2026.
BHEL has received order from Power Grid Corporation of India Ltd on behalf of its Project SPV Company for establishment of 2 Nos. +300/-200 MVAR Synchronous Condenser at Barmer-II HVDC Terminal Station. The order involves Design, Engineering, Manufacturing, Supply, Erection, Testing and Commissioning of 2 Nos. +300/-200 MVAR Synchronous Condenser at Barmer-II HVDC Terminal Station. The Project is valued at ₹600 crore-₹900 crore excl. GST.
Waaree Renewable Technologies Ltd has signed Work Order for execution of Engineering, Procurement and Construction (EPC) works for Solar Power Project of 285 MWp. The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order.
Sejal Glass Ltd, a manufacturer of high-quality architectural glass solutions, has announced that its Board of Directors has approved the proposed execution of a Business Transfer Agreement (BTA) with Magnumtuff India Private Ltd for the acquisition of its Architectural Glass and Automotive Glass business undertaking on a going-concern basis through a slump sale. The proposed acquisition, together with the purchase of the associated factory land and building, involves an aggregate lump-sum consideration of ₹40.80 crore. The identified business undertaking, which includes manufacturing facilities, business assets, inventory, intellectual property, technical know-how, customer and vendor relationships, contracts and employees, reported operating revenue of ₹36.20 crore during FY26.
Arka Fincap Ltd, a Kirloskar Group-promoted non-banking financial company (NBFC), has announced it has signed definitive agreements with The Rise Funds, TPG’s multi-sector global impact investing strategy. The strategic investment comprises an initial investment of ₹525 crore, with the potential for an additional ₹275 crore through a subsequent tranche, subject to the achievement of specified business milestones aligned with Arka’s growth strategy and requisite regulatory approvals.
RMC Switchgears Ltd has received Letters of Award (LOA) from MP Poorv Kshetra Vidhyut Vitraran Co. Ltd amounting to ₹394 crore for order for supply of LT Distribution Boxes. The receipt of this LOA further strengthens the company’s order book and is expected to contribute positively to the company’s revenue and growth prospects.
Time Technoplast Ltd’s wholly owned subsidiary located at the Kingdom of Saudi Arabia (West Asia) has been awarded an exclusive annual contract by Methanol Chemicals Company, Saudi Arabia for the supply of Industrial Packaging products (i.e. drums, jerry cans and IBCs). The contract has been awarded by a prominent Saudi Arabian chemical manufacturing company, listed on the Saudi Stock Exchange (Tadawul), with an established presence in the production and marketing of methanol and its derivatives, serving diverse industrial applications.