Stocks to watch, March 25: Waaree Energies, USL, Cegiall India, crude oil-sensitive stocks, NTPC Green, Sammaan Capital, Jindal Stainless

In a regulatory filing dated March 24, the company stated that it will fund the capex through a mixture of debt and internal accruals.

Both the engineering procurement and construction (EPC) work orders received by the company on March 23 have a 10-month construction period, it said in a regulatory filing on Tuesday.

The first order, worth ₹119.96 crore (including GST), comprises the supply, transportation, and erection, including civil work on a turnkey basis for a 220 kV transmission line. It also includes the right-of-way and statutory approvals.

With this development, the company said its annual melting capacity has scaled up to 4.2 million tonnes per annum (MTPA).

Jindal Stainless has a combined melt capacity of 3 MTPA at its plants in Hisar (Haryana) and Jajpur (Odisha). The company has commissioned the 1.2 MTPA stainless steel melt shop (SMS) in Indonesia under a joint venture.

In a regulatory filing, USL said pursuant to the meeting of its Board of Directors, it has entered into definitive agreements for the sale of the 100% equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Ltd (RCSPL) to a consortium comprising Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone’s perpetual private equity strategy, BXPE (Blackstone).

BNP Paribas, through its affiliate BNP Paribas Financial Markets, purchased 6,90,000 shares at an average price of ₹808.3 apiece, according to the block deal data on the BSE.

This took the transaction value to ₹55.78 crore.

Meanwhile, US-based Morgan Stanley, through its arm Morgan Stanley Asia (Singapore) Pte, offloaded the same number of shares at the same price, as per the data.

Under the contract, NeuEN will develop a green hydrogen production facility at NRL's refinery in Assam, supported by a long-term offtake arrangement, according to a company statement.

The project is expected to begin commercial operations in 2028 and will integrate renewable energy with advanced storage solutions to enable reliable, round-the-clock operations to support refinery decarbonisation.

Both Welspun Pipes and Welspun Mauritius Holdings Limited (WMHL) are wholly owned subsidiaries of homegrown Welspun Corp.

While East Pipes Integrated Company for Industry (EPIC) is a step-down listed associate of Welspun Corp in the Kingdom of Saudi Arabia (KSA).

The boards of directors of the respective entities, WMHL and WPI, have "approved the acquisition/sale of 69,30,000 equity shares representing a 22% stake in East Pipes Integrated Company for Industry (EPIC) from WMHL to WPI for an aggregate consideration of SAR 979.90 million," Welspun Corp said.

The transaction has been executed and completed on the Tadawul Stock Exchange, where the shares of EPIC are listed.

The memorandum of understanding (MoU) was signed by Sarit Maheshwari, CEO of NGEL, an arm of NTPC, and Ashish Arora, CEO at Nxtra, an exchange filing said.

"The MoU aims to explore business opportunities of mutual interest towards the development of renewable energy projects for the supply of renewable energy round-the-clock power to Nxtra Datacenters on a pan-India basis for their captive consumption," it said.

Bahirwani will succeed incumbent Sangeeta Tanwani from October 1, 2026, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing.

The company's board at its meeting held on March 24, 2026, has appointed Suraj Bahirwani as CEO (Designate) – Pantaloons and senior managerial personnel (SMP) of the company with effect from April 1, 2026, and as CEO – Pantaloons and SMP with effect from October 1, 2026, it added.

Swiggy had last hiked its platform fee in September last year.

The company has now raised it to ₹17.58 per order inclusive of GST, whereas rival Zomato charges ₹14.90 on a pre-GST basis.

The latest round of increase by Swiggy brings the platform fee charged by both food delivery players effectively at par with each other (to around ₹17.58 per order).

On March 20, Zomato hiked the platform fee it charges users by ₹2.40 to ₹14.90 per order on a pre-GST basis.

The RBI has also allowed the company's request for waiver of the public notice period and indirect change of control of wholly owned subsidiary Sammaan Finserve Ltd., according to an exchange filing late Tuesday.

Upon completion of the preferential issue, the Acquirer shall hold approximately 41.23% (1) of the paid‑up equity share capital of the company. Further, upon completion of the preferential issue and the open offer, and assuming full uptake in the open offer, the acquirer shall hold approximately 63.36% (2) of the paid‑up equity share capital of the company," the exchange filing added.