Stocks to watch: JSW Steel has announced its coking coal mining project, Minas de Revuboè (MdR), located in the Moatize coal basin, Tete Province, Mozambique. The MdR project grants JSW Steel access to substantial reserves of premium hard coking coal, which is a key raw material in steelmaking.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 57 points higher. | Image: Shutterstock
Stocks to watch: The domestic stock market is expected to open in the green on Monday, March 16. The GIFT NIFTY futures suggest that the NIFTY50 index will open 57 points higher.
Here is a list of stocks that may remain in focus today.
Adani Power: Shares of Adani Power (APL), one of India's leading private sector power generators, are expected to be on investors' radar on Monday, March 16. On Sunday, the company announced that it has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for the supply of 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects (USCTPP). READ MORE
JSW Steel: JSW Steel has announced its coking coal mining project, Minas de Revuboè (MdR), located in the Moatize coal basin, Tete Province, Mozambique. The MdR project grants JSW Steel access to substantial reserves of premium hard coking coal, which is a key raw material in steelmaking.
InterGlobe Aviation: The IndiGo airline operator said it has introduced a fuel charge on domestic and international routes from March 14, 2026. This measure is taken due to the significant surge in fuel prices following the ongoing geopolitical issues in the Middle East. IATA’s Jet Fuel Monitor indicates an 85+% increase in fuel prices for the region.
Aviation turbine fuel represents a significant share of airlines’ operating costs. This sudden and steep increase will have a material impact on all airlines’ costs and networks, including IndiGo’s.
While offsetting the entire impact of this fuel price surge requires a very substantial adjustment to fares, "IndiGo has introduced a relatively smaller amount as a fuel charge, keeping in mind the consequential burden on customers," it added.
Ramky Infrastructure: The company, on Friday, March 13, post-market hours, announced the execution of a concession agreement between the Maharashtra Industrial Development Corporation (MIDC) and Maha Integrated Life Sciences City Limited (MILeS City), a wholly owned subsidiary of Ramky Infrastructure Limited, for the development of a high-tech pharmaceutical park at the Dighi Port Industrial Area in Raigad district, Maharashtra.
VA Tech Wabag: The company has secured a Letter of Award (‘LoA’) from the Chennai Metropolitan Water Supply and Sewerage Board (‘CMWSSB’) to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project (‘CCRWSSP’) for Greater Chennai City (‘GCC’).
Funded by the Asian Development Bank, the project will establish a city-wide water grid platform for Chennai, enabling flexible water routing, improved pressure management, and greater operational reliability under both normal and emergency conditions. This project will be executed by a joint venture where WABAG will be the leader.
Waaree Energies: Waaree Energies has announced India’s largest 10 GW integrated ingot and wafer manufacturing facility in Nagpur. The facility will house a 10 GW capacity for each of solar ingots and wafers, establishing it as India’s largest integrated ingot and wafer manufacturing complex.
The project represents a major step toward strengthening India’s upstream solar manufacturing ecosystem and building a more resilient domestic supply chain for the country’s rapidly expanding solar sector.
Hindalco Industries: Shares of Hindalco Industries will be in focus on Monday, March 16, as the company on Sunday said it has not halted operations of its aluminium extrusions business and emphasised that the customer communication -- issued after force majeure claims by some gas suppliers -- was just a routine business intimation regarding potential supply disruption.
Zydus Lifesciences: Zydus Lifesciences has announced that its innovative drug, Desidustat tablets, licensed to the subsidiary of China Medical System Holdings Limited, has been approved for renal anaemia in China by the National Medical Products Administration of China (NMPA).
CMS International Development and Management Limited, a wholly owned subsidiary of CMS, had obtained an exclusive licence for the drug from Zydus in 2020.
Adani Total Gas: Adani Total Gas Ltd has cut the price of excess natural gas supplied to certain industrial customers to ₹82.95 per standard cubic metre (SCM) from ₹119.90 per SCM, effective 0600 hours on March 16, as upstream gas prices softened amid ongoing supply disruptions.
The city gas joint venture of Adani Group and France's Total Energies said the revision aims to pass on the benefit of lower upstream prices to customers while maintaining system stability and equitable distribution of gas during the current supply constraints.
Vedanta: Vedanta Ltd is set to raise ₹2,575 crore through a non-convertible debenture (NCD) issue after strong demand from institutional investors, including ICICI Prudential Mutual Fund, Kotak Mutual Fund, and Aditya Birla Sun Life Mutual Fund, sources familiar with the development said.
The mining major's base issue of ₹2,000 crore was oversubscribed when it opened last week, prompting the company to exercise a ₹575 crore greenshoe option, taking the total issue size to ₹2,575 crore, they said.
The issue closes this week.
The three-year unsecured, rated and listed debentures were priced at a coupon of 8.95%, lower than the cost in the company's recent borrowings. The issue has been assigned an 'AA' rating by Icra Limited.
IDBI Bank: The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids put in by potential buyers were below the reserve price, PTI reported on Friday.
The government and LIC were together looking to sell 60.72% of IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids came in on February 6.
The report said the financial bids for the IDBI Bank strategic sale have come in lower than the reserve price set by the inter-ministerial group on disinvestment headed by secretaries in the finance ministry.
With inputs from PTI
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
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Swati Verma is a business journalist with over 11 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.
