Stocks to Watch Today: SJVN, Piramal, Kirloskar, and More

 

Here's a quick roundup of stocks -: 

 

SJVN: SJVN Ltd, the state-owned power company, has signed a Memorandum of Understanding (MoU) with the Bihar government to develop the Hathidah Durgawati Pumped Storage Project, boasting a capacity of 1,000 MW. Located on the Durgawati River in Kaimur District, the project will cost ₹5,663 crore and aims to generate 6.325 million units of peak energy daily, or about 2,308.65 million units annually. The initiative is projected to create 5,000 jobs and attract ₹10,000 crore in investments.

 

Piramal Enterprises: The company has invested ₹1,000 crore into its subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), via a rights issue. This capital infusion will support business expansion and other corporate needs, without changing the shareholding structure.

 

Kirloskar Industries: Kirloskar is set to contest a recent directive from the Securities and Exchange Board of India (SEBI), which mandates the disclosure of a family settlement deed from 2009. The directive was issued on December 30, 2024.

 

Kalpataru Projects: Kalpataru Projects, along with its international subsidiaries, has secured new orders worth ₹1,011 crore across various sectors, including transmission and distribution (T&D) internationally, and railways and buildings in India.

 

ITD Cementation: The company has landed a significant marine contract valued at ₹1,648 crore (excluding GST) for the development of Vadhvan Port in Dahanu, Maharashtra. This project aims to transform the site into India’s largest deep-water port with a total investment of ₹76,220 crore.

 

Suzlon Energy: Suzlon has received a boost as the Income Tax Appellate Tribunal (ITAT) annulled a tax penalty of ₹87.59 crore related to disallowances from FY16. This penalty was originally imposed under the Income Tax Act, 1961.