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Investors will track pharma, energy, infra, hospitality and agri stocks on Monday as several firms announced key developments. Alkem Labs signed a business transfer deal with its subsidiary, while Azad Engineering bagged a $73.47 mn contract with Mitsubishi. Oil India confirmed a natural gas find in Andaman, Shriram Finance infused ₹300 cr in its unit, and Lemon Tree Hotels unveiled top leadership changes. Other updates include Jindal Steel’s new blast furnace, PG Electroplast’s ₹1,000 cr expansion in Andhra, Brigade’s land sale, Chambal Fertilisers’ ₹527 cr GST penalty, and Godrej Agrovet’s ₹960 cr MoU with MoFPI.
By Megha Rani September 28, 2025, 11:18:16 AM IST (Updated)
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Alkem Laboratories | The pharma company has entered into a business transfer agreement with its wholly-owned subsidiary, Alkem Wellness, transferring its trade generics business effective October 1, 2025.
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Azad Engineering | The company secures $73.47 mn (₹651 cr) contract with Mitsubishi Heavy Industries for turbine airfoils, adding to a total $156.36 mn (₹1,387 cr) in deals between the two firms over five years.
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Oil India Limited | The company has struck natural gas in its Vijayapuram-2 exploratory well in the Andaman Shallow Offshore Block. Preliminary testing confirmed inflows, with further studies underway to assess the discovery’s potential.
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Shriram Finance | The company said it has invested ₹300.05 crore via a rights issue in its wholly-owned subsidiary Shriram Overseas to strengthen its capital base.
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Lemon Tree Hotels | The hospitality company has announced key leadership changes effective October 1: Patanjali Keswani will become executive director & chairman, Neelendra Singh appointed as MD, and Kapil Sharma as executive director & CFO.
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Jindal Steel Ltd | The company has commissioned a 5 MTPA blast furnace at its Angul plant in Odisha, doubling hot metal capacity from 4 MTPA to 9 MTPA.
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PG Electroplast | The company's subsidiary PG Technoplast acquires a 50-acre site in Sri City, Andhra Pradesh, for ₹1,000 crore. First South India plant will start with 1.2 million refrigerators/year by Dec 2026, with future expansion planned.
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Brigade Enterprises | The company sold 1.35 acres of land at Kokapet, Telangana, to its subsidiary Brigade Hotel Ventures for ₹110.14 crore, as part of the IPO objectives of the unit.
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Chambal Fertilisers and Chemicals | The company received an order from the Joint Commissioner of CGST & Central Excise, Patna-I, levying an aggregate penalty of ₹527 crore under the Central GST/Bihar GST Act and IGST Act.
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Godrej Agrovet Ltd | The food and agriculture firm has signed an MoU with MoFPI for a proposed ₹960 crore investment to set up food processing, R&D, and upstream innovation facilities, announced at World Food India 2025.
