Stocks are set to remain in focus as NTPC expands capacity, signs a nuclear MoU with EDF, while KEC International secures ₹2,518 crore orders. Pharma players Lupin and Zydus gain on USFDA approvals, boosting sentiment. | Photo Credit: Hiranmay Baidya

The Central Electricity Authority (CEA) has uprated the capacity of two units (Units 5 and 6) of Dadri Thermal Power Station from 490 MW each to 500 MW each with effect from April 7. With this, the total installed capacity of the NTPC group stands at 89,128 MW and commercial capacity at 88,048 MW. NTPC Ltd has signed a Non-Binding Memorandum of Understanding (MoU) with Électricité de France (EDF) to explore cooperation in developing new nuclear power projects in India. This follows approval from the concerned ministries & departments of the Government of India. The MoU was signed by Arnada Prasad Samal, CGM (Nuclear Cell), on behalf of NTPC, and Vakisasi Ramany, Senior Vice President, International Nuclear Development, on behalf of EDF.

The Cabinet Committee on Economic Affairs (CCEA) has approved investment of ₹26,069.50 crore for the construction of 1720 MW Kamala Hydro Electric Project (HEP) in Kamle, Kra Daadi & Kurung Kumey Districts of Arunachal Pradesh. The estimated completion period for the project is 96 months. The installed capacity of Kamala HEP is 1720 MW (8 x 210 MW & 1 x 40 MW), which is expected to generate 6870 MUs of energy annually. The Project will be implemented through a Joint Venture Company between NHPC Ltd and the Government. of Arunachal Pradesh. The Government of India shall extend ₹4,743.98 crore as budgetary support towards the flood moderation component and ₹1,340 crore as budgetary support for enabling infrastructure, viz., construction of roads, bridges and associated transmission system, besides Central Financial Assistance of ₹750 crore towards the equity share of the State.

RITES Ltd has received a contract amendment from NALCO for a railway siding project at Sankerjang. The order value increased from Rs 79.73 crore to Rs 118.89 crore. RITES will provide detailed engineering and project management consultancy for the Utkal-D coal mines on a deposit mode turnkey basis.

Innovision Ltd has received the Work Order for Engagement of user fee collection agency on the basis of competitive bidding through e-tender for Vanagaram fee plaza at km 16.500 of Chennai Bypass Phase-I section from km 0.000 to km 19.170 (taking off at km 29.151 of NH-45 & merging at km 13.800 of NH-4), Chennai Bypass NH-4 & 45) in Tamil Nadu and upkeep/maintenance of adjacent Toilet blocks including recouping the consumable items, The award was granted under tender ID NHAI/13013/547/CO/24-25/CB/Vanagram Fee Plaza/ E61263/298 dated 06.04.2026 received on 07.04.2026. The contract period is from April 15, 2026, (08:00 hrs) to April 15, 2027 (07:59 hrs). The contract size is Rs. 99.35 crore for FY 2025-26.

KEC International informed the exchanges that it has bagged multiple new orders worth ₹2,518 crore across its civil, transportation, transmission & distribution (T&D), and cables & conductors divisions.

Suraj Ltd has formally notified the stock exchanges of a strategic capacity expansion project at its manufacturing facility. The company revealed plans to enhance its production capabilities, specifically targeting larger diameter pipes to meet growing domestic demand. The project aims to modernise the production line and increase total output by 40 per cent. Manufacturing Capability: The company is upgrading its facility to produce pipes with an Outside Diameter (OD) of up to 170 mm. Total capacity will rise from the existing 5,000 MT per annum to 7,000 MT per annum. The project involves a capital expenditure of approximately ₹15 Crore. The expansion will be funded entirely through internal accruals, indicating a strong cash position and zero additional debt for this project. The enhanced capacity is expected to be operational by September 2026.

RedTape, formerly Mirza International, has acquired the international sports footwear brand Sprandi for India, Nepal, Bhutan, and Sri Lanka. Sprang is a globally recognised brand with strong sales volumes in international markets, including China, Russia, the Middle East, and CIS countries. RedTape said it plans to launch Sprandi in India through online and retail stores, targeting large sales volumes.

Meta Infotech Ltd has received fresh and renewal orders from one of the leading mutual fund and investment management companies, amounting to Rs 14.99 lakh and Rs 2.44 crore aggregating to Rs 2,.6 crore (Excluding GST) for cloud security subscription for the period from June 1, 2026, to May 31, 2027.

Lupin Ltd has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets, 5 mg/500 mg, 5 mg/1,000 mg, 10 mg/500 mg, 10 mg/1,000 mg. The company also received tentative approval for Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets, 2.5 mg/1,000 mg. The U.S. FDA has approved Lupin’s Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets as bioequivalent to Xigduo® XR for the indications in the approved labelling.

Zydus Lifesciences Ltd has received final approval from the United States Food and Drug Administration (USFDA) for Dapagliflozin Tablets, 5 mg and 10 mg (USRLD: Farxiga® Tablets, 5 mg and 10 mg). Dapagliflozin is a sodium-glucose cotransporter 2 (SGLT2) inhibitor indicated as an adjunct to diet and exercise to improve glycaemic control in adults with type 2 diabetes mellitus. With this approval, Zydus is eligible for 180 days of shared generic drug exclusivity for Dapagliflozin Tablets, 5 mg and 10 mg.

Bosch Ltd, the flagship company of the Bosch Group in India, intends to significantly enhance its portfolio by acquiring the Vehicle Motion business. The company plans to acquire 100 per cent of Bosch Chassis Systems India Pvt Ltd, through a cash deal and issuance of equity shares on a preferential basis. This development positions Bosch Ltd with a more comprehensive mobility portfolio, enabling it to better cater to the evolving demands of India’s automotive sector. The transaction will strengthen Bosch Ltd’s capabilities, enabling it to further invest in critical domains such as safety and braking, in addition to its strong footprint in power solutions.

Varroc Engineering Ltd, a leading global tier-1 automotive supplier, has announced the appointment of Avijit Roy as Group Chief Human Resources Officer (CHRO) and reporting to Arjun Jain, Whole Time Director & CEO - Business I, effective April 10. In this role, Avijit will spearhead Varroc’s group human resources strategy, driving a people-first, future-ready agenda aligned with the company’s growth ambitions across India and key international markets.

Published on April 9, 2026