Stocks To Watch: IREDA, LTIMindtree, Dalmia Bharat, Marico, NBCC & More

On Tuesday, 20th February stocks such as IREDA, LTIMindtree, Dalmia Bharat, Marico, NBCC are likely to be in the focus of market watchers.

NBCC

The company has received orders worth Rs 369.05 Cr in normal course of business from Rani Lakshmi Bai Central Agricultural University, Jhansi, High Court for State of Telangana, and Institute of Chartered Accountants of India.

Marico

Under its flagship brand, Saffola, Marico launches four tantalising gourmet-style flavours in its collection of flavoured oats. The well-known Indian oat brand Saffola Oats will now offer two delightfully sweet flavours for the first time: Nutty Chocolate and Apple 'n' Almonds. Along with adding two more flavors-Spicy Mexicana and Cheesy Italia-to the lineup of savoury (masala) oats.

Dalmia Bharat

With a strong new brand positioning as the Roof Column Foundation (RCF) Expert and the addition of celebrity Ranveer Singh as the Brand Ambassador, Dalmia Cement strengthens its commitment to home builders.

LTIMindtree

LTIMindtree, a global provider of digital solutions and technology consultancy, announced the launch of Navisource.AI, an autonomous sourcing platform driven by GenAI. By leveraging AI-powered pricing and negotiation engine, the platform seeks to lower total procurement costs by ten to fifteen percent.

Balrampur Chini Mills

Along with business diversification, Balrampur Chini Mills Limited announces the forward integration of its upcoming PLA (Polylactic Acid) production endeavour. The new PLA project is in line with the climate change mitigation sustainability objectives set forward by India's Honourable Prime Minister. The new venture would make it easier to develop the first industrial bio-plastic plant in India. This new project is expected to take roughly 2.5 years to complete in phases and is estimated to cost Rs. 2000 crores. Its goal is to help India reach net zero emissions by 2070. The new project, which is anticipated to be completed in 30 months, would construct India's first industrial bioplastic facility. The cutting-edge PLA plant will command an astounding 75'000 t/a capacity at the "global" scale.

Torrent Power

The foundation stone for four projects in Uttar Pradesh that would need an investment of around Rs 25,000 crores was placed on Monday by Honourable Prime Minister Shri Narendra Modi. The projects are being constructed by Torrent Power. It is anticipated that the four projects would provide around 8,000 individuals in the State with direct and indirect employment possibilities.

Indian Renewable Energy Development Agency

A Memorandum of Understanding (MoU) has been signed between Punjab National Bank (PNB) and Indian Renewable Energy Development Agency Ltd. (IREDA) with the objective of promoting renewable energy initiatives throughout the country. The agreement, which was signed yesterday at IREDA's Registered Office in New Delhi, opens the door for cooperative efforts in loan syndication and co-lending for a wide range of renewable energy projects.

Power Grid

Power Grid Corporation of India in its respective meetings held on 18th February, 2024, have accorded investment approvals for implementation of Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project -Northern Region SLDCs)" at an estimated cost of Rs. 514.66 crore with commissioning schedule of 15.11.2025 and augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani S/s (Delinked from Transmission System for evacuation of power from RE parks in Leh (5 GW Leh-Kaithal Transmission corridor))", at an estimated cost of Rs. 141.09 crore, scheduled to be commissioned in a timeframe of 18 months from the date of issue of MoP OM i.e. by 05.05.2025, as per a regulatory filing.