Hexaware Technologies IPO Debut

Hexaware Technologies will list on Dalal Street after raising ₹8,750 crore through its IPO. The IPO, priced at ₹708 per share with a lot size of 21 equity shares, was subscribed 2.66 times. Investors will closely monitor the listing and early market trends.

Tata Steel’s Green Transition

Tata Steel UK secured approval for its electric arc furnace project in Port Talbot, a £1.25 billion investment backed by £500 million in government funding. The transition will reduce CO2 emissions by 90% and preserve 5,000 jobs, marking a key sustainability move.

L&T Acquires Full Control of Special Steels & Heavy Forgings

Larsen & Toubro (L&T) acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings from NPCIL, making it a wholly owned subsidiary. Investors will analyze how this acquisition strengthens L&T’s industrial portfolio.

Aurobindo Pharma Faces USFDA Observations

The USFDA conducted an inspection at Eugia Steriles, a subsidiary of Aurobindo Pharma, issuing five procedural observations. While not major compliance concerns, investors will monitor regulatory responses.

Indian Overseas Bank Appoints New CFO

Indian Overseas Bank (IOB) has appointed Madhaw Chandra Jha as its new Chief Financial Officer (CFO), effective March 1, 2025. He replaces S.P. Mahesh Kumar, who retires on February 28.

Rail Vikas Nigam Secures Bengaluru Rail Project

RVNL secured a ₹554.5 crore contract for the Bengaluru Suburban Rail Project, involving 9 new stations. Investors will assess the impact on the company’s growth.

Container Corporation of India Bags ₹689.76 Crore Order

Concor has awarded a ₹689.76 crore contract to Braithwaite & Co. for manufacturing 30 BLSS rakes. The supplies are expected to be completed by August 11, 2026.

Other Stocks to Watch

• Cello World: A fire incident occurred at Cello Industries, but no casualties were reported. Insurance coverage is in place.
• Mahindra Lifespace Developers: Partnered with Livingstone Infra for a redevelopment project valued at ₹1,650 crore.
• Piramal Pharma: Received USFDA Form 483 with six observations during a GMP inspection.
• Transformers & Rectifiers India: Secured a ₹166.45 crore order from Hyosung T&D India.
• RBM Infracon: Won a ₹7.22 crore service order from Reliance Industries.