Stocks in News Today : 13 March 2025

Expands Collaboration with Citizens The digital services and consulting company Infosys announced the expansion of its long-standing strategic collaboration with NYSE-listed Citizens. The partnership will leverage Infosys' deep domain expertise in financial services and its innovative technologies, including AI, cloud, and automation, to develop cloud-native domain platforms and achieve a data center exit. Defense Contracts and Renewable Energy Developments (BEL), the state-run defense player, has signed a contract with the Ministry of Defence valued at Rs 2,463 crore for the supply and services of Ashwini radars to the Indian Air Force. With this, the company has accumulated orders totaling Rs 17,030 crore in the current financial year. Meanwhile, NTPC Green Energy, the recently listed renewable energy player, has successfully commissioned the second and final part of the capacity (50 MW) out of the 105 MW Shajapur solar project (Unit-1) of its subsidiary. Mergers, Acquisitions, and Fundraising Activities The mining major 's promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies that will be better placed to capitalize on opportunities. Coromandel International is set to acquire a 53% shareholding in NACL Industries for Rs 820 crore at a price of Rs 76.7 per share from the current promoter, KLR Products. Additionally, the solar energy firm Swelect Energy Systems has secured orders for over 150 MW for its TOPCon Bi-facial solar PV modules and successfully raised Rs 290 crore in funding through non-convertible debentures (NCDs) via a private placement with India Infradebt. Note : make sure to follow position sizing and Risk Management