Indian Stocks to Watch: CMPDI, GR Infra, RailTel, CMS Info, KNR Constructions, Thermax, Aarti Pharmalabs, Ceigall, JSW Steel, Syngene in Spotlight on March 30

Stock Market Update

NLC India's joint venture with UP Rajya Vidyut Utpadan Nigam, Neyveli Uttar Pradesh Power (NUPPL), has started coal production at the Pachwara South coal block, which has 264.84 million tonnes of extractable coal reserves with a normative mining capacity of 9 million tonnes per annum and an average coal grade of G10.
NUPPL is establishing a 3x660 MW Ghatampur Thermal Power Plant at Ghatampur and has allotted the Pachwara South coal block to meet the fuel requirements.

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GR Infraprojects has emerged as the L1 bidder for an NHAI project worth Rs 1,453.57 crore in Gujarat, involving the upgradation of an existing two-lane carriageway to a four-lane carriageway.
The company has received a contract worth Rs 413.37 crore from NTPC for the implementation of Battery Energy Storage Systems (BESS) at the Mouda Super Thermal Power Station.

RailTel Corporation of India has received a Letter of Intent (LoI) worth Rs 444.44 crore from the Centre for E-Governance for the selection of a system integrator for KSWAN 3.0.
The company has also received a Letter of Acceptance (LoA) worth Rs 13.03 crore from the Mumbai Port Authority for the SITC and O&M of a Hospital Management Information System (HMIS).

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Coal India has received a Letter of Award (LoA) from Telangana Power Generation Corporation for setting up a 750 MWh (187.5 MW for 4 hours) BESS plant at Choutuppal at a tariff of Rs 3.14 lakh per MW per month with a project cost of Rs 1,057.09 crore.
The company has formed a 50:50 joint venture, DVC CIL Power Private Limited, with Damodar Valley Corporation.

CMS Info Systems has announced the acquisition of the ATM managed services business of Financial Software and Systems (FSS) for Rs 115 crore.
PPFAS Mutual Fund has acquired 1.5 lakh shares of CMS Info Systems through an open market transaction, increasing its shareholding to 7.97%.

NTPC's board has approved the company's investment proposal for Battery Energy Storage Systems (BESS) with a total capacity of 4.70 GWh at an estimated project cost of Rs 5,821.90 crore.
The company has also approved an additional equity commitment of Rs 3,173.67 crore in Meja Urja Nigam (MUNPL) for setting up the Meja Super Thermal Power Project Stage-II (3x800 MW).

Dilip Buildcon has received a Letter of Acceptance (LoA) from the Narmada Water Resources, Water Supply & Kalpasar Department, Gujarat for the construction of a flood protection embankment on the Narmada River with a project cost of Rs 698.49 crore.

KNR Constructions has received a Letter of Award from the National Highways Authority of India for the construction of a four-lane NH-167 stretch from Gudebellur to Mahabubnagar on a Hybrid Annuity Mode (HAM) basis in Telangana with a project cost of Rs 1,734 crore.

Thermax's subsidiary, Thermax Babcock & Wilcox Energy Solutions, has secured a boiler package supply order valued at Rs 1,600 crore from a thermal power projects company in Central India for a 1x800 MW ultra-supercritical thermal power plant.

Peter Bains has resigned from the position of Managing Director and Chief Executive Officer of Syngene International, effective June 30, 2026.
The board has appointed Siddharth Mittal as an Additional Director, designated as Managing Director and Chief Executive Officer, and a member of the Executive Committee.

Investor Takeaway