Stocks to Watch on February 19: RVNL, L&T, CONCOR, Infosys and more

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RVNL | State-owned company said it has received a letter of acceptance from Rail Infrastructure Development Company (Karnataka) Ltd (K-RIDE) for the construction of nine stations under Corridor-4A of the Bengaluru Suburban Rail Project (BSRP). The ₹554.47-crore contract involves building one elevated and eight at-grade stations at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, and Kaggadasapura.

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L&T | Infrastructure major said it has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Ltd (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL) for ₹170 crore, making it a wholly-owned subsidiary. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan provided by NPCIL to LTSSHF.

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CONCOR | State-owned Container Corporation of India (CONCOR) on Tuesday (February 18) said it has awarded a ₹689.76-crore contract to Braithwaite & Co Ltd for the manufacture and supply of 30 BLSS (spine car) rakes on a turnkey basis. The order, excluding freight charges but including GST, is set for completion by August 11, 2026. Braithwaite & Co, a public sector enterprise under the Ministry of Railways, will handle the project.

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Infosys | IT major Infosys said it has entered into a strategic, long-term collaboration with Lufthansa Group (LHG) and Lufthansa Systems GmbH (LSY) to accelerate digital transformation and innovation in the aviation sector. LSY and Infosys will establish a dedicated Global Capability Centre (GCC) in Bengaluru to enhance Lufthansa Group’s software and product development and increase support for LSY’s products for external airline market customers.

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Transformers and Rectifiers | The company said it has secured an order worth ₹166.45 crore from Hyosung T&D India Private Ltd. The contract involves the manufacturing and supply of single-phase coupling transformers and single-phase transformers for TBCB projects. The execution of the order is scheduled for the next financial year. The company confirmed that its promoter group has no interest in the awarding entity.

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Cello World | Household products and stationery manufacturer said a fire broke out at Cello Industries Private Ltd's (CIPL) Opal division in Daman on February 18, 2025, at approximately 3 pm. The fire, which occurred in one of the furnaces, was swiftly controlled with assistance from the fire brigade. No casualties or injuries were reported. Cello World confirmed that CIPL has adequate insurance coverage, including a loss-of-profit policy.

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Piramal Pharma | Pharmaceutical firm announced that the US FDA conducted a general GMP (Good Manufacturing Practice) inspection at its Turbhe, Navi Mumbai, facility between February 11-17, 2025. The inspection concluded with a Form 483 issued, containing six observations. The company stated that the observations primarily pertain to procedural improvements and are not related to data integrity. Piramal Pharma is preparing a detailed response and plans to submit it within the stipulated timeline.

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Mahindra Lifespaces | Real estate company Mahindra Lifespace Developers Ltd on Tuesday (February 18) said it has partnered with Livingstone Infra Private Ltd for a cluster redevelopment project in Mahalaxmi, Mumbai, with a gross development value (GDV) of ₹1,650 crore. Located in the upscale Mahalaxmi area, the project site enjoys a prime position in one of South Mumbai’s most sought-after neighbourhoods.

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Tata Steel | Steel major Tata Steel Ltd on Tuesday (February 18) said Neath Port Talbot Council Planning Committee has approved Tata Steel UK's proposal to install a state-of-the-art Electric Arc Furnace (EAF) in Port Talbot. Backed by £500 million from the UK Government, the project aims to preserve 5,000 jobs and significantly reduce the site’s carbon footprint.