Today's Stories
JSW Steel and South Korea's POSCO have announced a 50:50 joint venture to establish a 6 million tonne per annum (MTPA) integrated steel plant in Odisha, expected to be set up by end-2026.
The announcement was made by South Korean Ambassador Kyunghoon Kim on X, just ahead of the India-South Korea Summit. South Korean President Lee Jae Myung arrived in New Delhi for talks with Prime Minister Modi — their third in-person meeting.
The plant is expected to boost domestic steel production capacity, reduce import dependency, and deepen India-Korea technology collaboration. The summit is also set to discuss cooperation in shipbuilding, AI, defence and energy supply chains.
ACME Solar's subsidiary — ACME Eco Clean Energy — has received the Certificate of Commissioning from GEDA (Gujarat Energy Development Agency) for its 16 MW wind power project at Surendranagar district, Gujarat.
Sterling and Wilson has been declared L1 (lowest) bidder by Coal India for a turnkey EPC package for an 875 MW (AC) grid-connected Solar PV Project in Bikaner, Rajasthan. The contract value including O&M and taxes is approximately ₹3,490 crore.
Additionally, the company secured a 50 MW AC project in Maharashtra from a leading Indian private IPP. With these wins, total EPC order inflow in FY26 has crossed ₹10,062 crore.
MCX has received SEBI approval to invest up to ₹100 crore in a proposed coal exchange venture, meeting minimum net-worth requirements under draft Coal Exchange Rules.
MCX plans to incorporate a wholly owned subsidiary — likely named 'MCX Coal Exchange Ltd' — holding 100% stake initially, with option to bring in strategic partners later. The platform will offer standardised digital trading for physical coal delivery at market-driven prices, completing MCX's energy portfolio alongside crude oil, natural gas and electricity futures.
Standalone: Net profit rose 8.49% to ₹13,701.68 crore in Q4FY26 (vs ₹12,629.58 Cr in Q4FY25). Total income up 1.80% to ₹50,584 crore.
Consolidated: Net profit up 9.28% to ₹14,755.06 crore in Q4FY26. Total income rose 6.10% to ₹84,613 crore.
Full Year FY26: Net profit up 6.18% to ₹50,146.64 crore. Total income grew 4.66% to ₹2,00,703 crore.
Poonawalla Fincorp launched a next-generation conversational AI platform as a unified omnichannel customer service interface. The platform aims to autonomously resolve up to 80% of voice and chat interactions, with complex queries routed to human agents.
Powered by multi-agent AI orchestration, it offers real-time customer insights including loan risk flags and sentiment analysis, enabling faster resolutions and stronger compliance.
Adani Enterprises' step-down subsidiary Adani Airport City has incorporated three new wholly owned entities: Adani Navi Mumbai Airport City (ANMACL), Adani Guwahati Airport City (AGACL), and Adani Ahmedabad Airport City (AAACL).
These SPVs will be engaged in real estate, construction, and hotels with integrated business centres — aligned with airport city development across key Indian metros.
EMS has received L1 (Lowest Bidder) status from UP Jal Nigam (Urban), Varanasi for two sewer network construction projects:
• Order 1: ₹143.80 crore — Sewer network and house connection work in 5 wards (Durgakund, Nariyan, Sarainandan, Jolha Northan & Bhelupur) of Nagar Nigam Varanasi.
• Order 2: ₹64.85 crore — Sewer network work in 2 wards (Hukulganj & Nai Basti). Both orders involve surveying, soil investigation, design, and supply of all materials and labour.
H.G. Infra Engineering incorporated 'H.G. Gobindpur Tangi Highway' — a Special Purpose Vehicle (SPV) — on April 4, 2026. The SPV will undertake construction of a Six-Lane Access Controlled Capital Region Ring Road (Package III) from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH16) in Odisha, under Hybrid Annuity Mode awarded by NHAI.
Refex Industries has secured an order worth ₹32.12 crore (inclusive of GST) from a Maharashtra-based entity for transportation of pond ash to NHAI PWD Road Construction Sites. The order is to be executed within 1 year, extendable by up to 6 months.
Q4FY26 Standalone: Net profit nearly doubled to ₹64.08 crore (vs ₹31.48 Cr). Total income up 24.76% to ₹313.90 crore.
Q4FY26 Consolidated: Net profit rose ~2x to ₹63.60 crore. Total income up 28.72% to ₹332.82 crore.
FY26 Full Year: Net profit grew 48.86% to ₹193.73 crore. Total income up 14.26% to ₹1,117.80 crore.
Krishival Foods expanded its deep freezer network from 3,732 units to 15,490 units in FY26 — a ~4x jump — to support its Melt N Mellow ice cream brand. The company's distribution now covers 30,000+ retail touchpoints across Maharashtra, Karnataka, Goa, Telangana and Andhra Pradesh.
Kellton Tech secured a mandate from a Fortune 500 conglomerate in financial services to design and deploy an enterprise-wide internal operations platform using its proprietary Low-Code/No-Code PaaS framework.
The platform will unify workflows across financial operations, credit & document lifecycle management, approvals, governance, and field investigation functions — replacing fragmented systems with an integrated digital solution.
Amagi Media Labs and Matrox Video entered a strategic collaboration to integrate the Matrox ORIGIN software-defined framework into Amagi's next-generation cloud production architecture. The integration enables broadcasters to transition from hardware to cloud-native, software-defined environments with real-time scalability.
Q4FY26 Standalone: Net loss widened to ₹72.51 crore vs ₹69.48 crore in Q4FY25. Total income rose 4.43% to ₹546.96 crore.
Q4FY26 Consolidated: Net loss at ₹30.52 crore vs ₹30.31 crore. Total income up 9.15% to ₹616.21 crore.
FY26 Full Year: Net profit fell a sharp 91.72% to ₹265.93 crore (vs ₹3,213.36 crore in FY25). Revenue grew 3.41% to ₹1,978.20 crore.
IEX shares fell over 7% after CERC (Central Electricity Regulatory Commission) released a draft notification to reintroduce market coupling — a mechanism that would create a single unified electricity price across all trading platforms.
Currently IEX holds ~85% of overall power market share and dominates Day-Ahead and Real-Time markets. Under market coupling, all exchanges would submit bids to a central agency which then sets a common clearing price, removing IEX's dominant platform advantage.
Note: On July 23, 2025, CERC had previously issued directions on market coupling — IEX shares had fallen 30% the following day. Today's development is a re-initiation of that process.
Hardwyn India launched its ISI-certified Floor Spring for glass door control and secured purchase orders from medical colleges, universities, and government establishments in UP and Chhattisgarh. The product is designed for hospitals, universities and high-traffic institutional environments, available in Silver and Black finishes.
Note: Stock hit a fresh 52-week high of ₹25.23 today.
Sundaram Multi Pap has successfully commissioned a fully automatic notebook manufacturing machine (by Line-O-Matics) at its Palghar, Maharashtra facility, representing an investment of over ₹3 crore. The machine is now fully operational and the company expects a meaningful uptick in production output with lower per-unit costs. More automated lines are planned.
Essex Marine completed expansion of its peeling capacity and 'Ready-to-Cook' section (with blanching) at its Shankarpur processing unit. Trial production has been completed and the company is preparing applications for Export Inspection Agency (EIA) approvals to commence commercial production.
SGL Resources secured three new orders totalling ~₹9.46 crore: ₹8.43 crore from Jamnagar Municipal Corporation for a specially enabled web portal; ₹14 lakh from Ananth Technologies for IGIS Desktop software; and ₹88.50 lakh from Technosys Integrated Solutions for GIS Suite and web application development. All orders are to be executed within 1-2 years.
⚠ Regulatory & Legal Disclaimer
This report is compiled for educational and informational purposes only. It does not constitute investment advice, a recommendation to buy or sell securities, or an offer of any kind. Past performance is not indicative of future results. All stock prices mentioned are based on data provided at the time of compilation and may have changed.
InvestmentGuruIndia.com / BD Info Media Pvt. Ltd. makes no representations about the accuracy, adequacy, or completeness of any information herein, and expressly disclaims all warranties. The company and its employees/partners are not registered investment advisors or broker-dealers. Users are strongly advised to consult a SEBI-registered financial advisor before making any investment decision.
Mutual Fund investments are subject to market risk. Please read all offer documents carefully before investing. Insurance products: please read complete product details and seek expert advice before investing.
SEBI Investor Advisory: The following caution is issued by SEBI in the interest of investors. SEBI has observed a proliferation of websites offering unsubstantiated investment advice. Investors exposing themselves to such sources risk significant financial loss. The public is advised not to fall prey to sources promising quick gains and unrealistic returns.
- Do not enter into securities transactions with unregistered intermediaries.
- Do not invest based on market rumours or unverified news or astrological predictions.
- Advice via television, print, or online media does not imply endorsement by that channel or publisher.
- Be cautious with tips received via SMS, email, social media, or website blogs.
- Do not be unduly influenced by bull/bear runs or indicative returns.
- Deal only with / through SEBI-registered intermediaries.
Stock / Commodities / Currency trading is inherently risky. You assume complete and full responsibility for the outcomes of all trading decisions, including loss of capital. By reading this report, you agree not to hold InvestmentGuruIndia.com or BD Info Media Pvt. Ltd. liable under any circumstances.