Stocks to watch for September 29: IRFC, NCC, Clean Max and more


From IRFC signing a ₹4,200 crore term loan agreement with Damodar Valley Corporation to Pidilite Industries partnering with South Korea-based Hwaseung…

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NCC | Infrastructure company NCC Ltd on Monday (September 28) said it has received a ₹1,076.71 crore order, excluding goods and services tax (GST), from the Rural Water Supply and Sanitation Department, Visakhapatnam, Government of Andhra Pradesh.

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IRFC | Indian Railway Finance Corporation (IRFC) has signed a ₹4,200 crore term loan agreement with Damodar Valley Corporation (DVC) to finance renewable energy projects across Jharkhand and West Bengal.

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Tata Group Stocks | Tata Trusts, which holds a 66% stake in Tata Sons, has proposed merging Tata Electronics Systems Solutions Private Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons as part of a strategic reorganisation aimed at taking the company outside the regulatory framework applicable to non-banking financial companies (NBFCs) and core investment companies (CICs).

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Sudarshan Chemical Industries Ltd | The firm said it has entered into a ₹150.76 crore share purchase agreement to acquire a 15.89% stake in Sudarshan Colorants India Ltd.

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Pidilite Industries | The firm has partnered with South Korea-based Hwaseung Chemical to bring its footwear adhesive technology to Indian manufacturers, the company said on Monday.

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Clean Max Enviro Energy Solutions Ltd | The firm said it has raised ₹2,500 crore through green Non-Convertible Debentures (NCDs) on a private placement basis.

Solar power

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Vikram Solar Ltd | Solar energy solutions provider Vikram Solar Ltd on Monday (September 28) said it has secured a 400 MW module supply order from a leading EPC company in India for a portfolio of decentralised solar projects across multiple locations in Maharashtra.

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Eureka Forbes Ltd | Health and hygiene product maker Eureka Forbes Ltd on Monday (September 28) said it has received a show cause notice (SCN) proposing a ₹273.40 crore demand from the Uttar Pradesh Goods and Services Tax (GST) authority for the financial year 2022-23.

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Zydus Lifesciences | The firm said on Monday, September 28, a US Food and Drug Administration (USFDA) inspection at its manufacturing facility at SEZ II, Ahmedabad, has concluded with one observation.

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Power Mech Projects Ltd | The firm said it has secured a ₹279.20 crore order from Telangana Power Generation Corporation Limited for operation and maintenance work at the Yadadri Thermal Power Station (YTPS) on Monday.

Delhi clears 5.5-km elevated corridor to bypass 12 junctions between Outer Ring Road and Mehrauli-Badarpur. (Image AI generated)

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Cube Highways Trust | Seventy Second Investment Co is likely to sell 4.50 crore shares, or a 3.35% equity stake, in New Delhi-based highway assets operator Cube Highways Trust, through a block deal, according to sources.



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