Stocks To Watch, March 4: Petronet LNG, GAIL, ONGC, IOCL, BPCL, HAL, Ola Electric, NATCO Pharma, JSW Cement, Tata Motors

On Wednesday, oil prices extended gains with US crude futures up 0.87% to $75.21, while Brent was up 5.43% at $81.96 per barrel amid a widening conflict amid the closure of the Strait of Hormuz.

Force majeure means an unforeseen event beyond someone’s control that prevents them from fulfilling a contract.

In simple terms, if something unexpected happens — like a natural disaster, war, government action, or pandemic — and it makes it impossible to meet an agreement, a force majeure clause can protect the affected party from penalties.

This disruption has led to a cut in supplies to the Indian industry by up to 40%, PTI reported.

There were no injuries, and all personnel at the terminal remain safe, it added.

In the early trade on Wednesday, gold fell about 4.5% overnight, and the Aussie dollar slid 0.8% as traders were cashing out of winning bets to cover losses elsewhere in a volatile week. Early in the Asian session, gold ​steadied at $5,128 an ounce, while ​U.S. and European futures also tried to stabilise, with S&P 500 futures flat and European futures up 0.8%.

Under the merger plan, the shareholders of SEIL will get 100 fully paid equity shares of face value of ₹1 per share in Grew Energy for every 212 fully paid equity shares of face value of ₹1 each held by them in SEIL, according to a regulatory filing.

A Chiripal group company, Grew Energy, operates a 6.5 GW PV module manufacturing plant in Dudu, Rajasthan, with plans to scale to 11 GW. It is also setting up an 8 GW solar PV cell and ingot-wafer facility in Narmadapuram, Madhya Pradesh.

SEIL specialises in offering strategic solutions that cater to a diverse range of educational institutions.

Vinay Thadani, CEO & Director of Grew Energy, said, "This proposed merger marks a significant milestone in our broader group restructuring initiative."

The collaboration integrates 'Infosys Topaz Fabric' -- a purpose-built agentic services suite -- with Intel's high-performance compute platforms, including Intel Xeon processors, Intel Gaudi AI accelerators, and Intel AI PCs, the company said in a regulatory filing.

The partnership aims to provide "right-sized" AI architectures that balance performance, security, and total cost of ownership. This will focus on mission-critical use cases such as IT operations, developer productivity, and automation workflows across various industries.

While the ALH Mk-II helicopters are being procured for the Indian Coast Guard, the Shtil missiles will be deployed on board the Indian Navy's warships.

"The contract for ALH Mk-III (maritime role) along with operational role equipment, an engineering support package, and performance-based logistics support, valued at ₹2,901 crore, has been inked with Hindustan Aeronautics Ltd," the ministry said.

These twin-engine helicopters are equipped with advanced features that surpass those of currently operated airborne platforms, enabling them to undertake a wide range of maritime security missions from both shore-based airfields and ships at sea.

On the auspicious occasion of Holika Dahan, the company announced that its Roadster range now starts at just ₹79,999.

This brings electric motorcycles directly at par with popular entry-segment ICE motorcycles, the company said in a statement.

The company's Roadster X portfolio comes in 2.5 kWh, 3.5 kWh, and 4.5 kWh configurations, now priced at ₹79,999, ₹92,999, and ₹99,999, respectively, it added.

Pomalidomide capsule is a generic version of Pomalyst by Celgene.

The product is available in 1mg, 2mg, 3mg, and 4mg strengths and is distributed primarily through speciality pharmacies and clinics, NATCO Pharma said in a regulatory filing.

Commenting on the launch, Vice Chairman and CEO Rajeev Nannapaneni said, "...this further strengthens our oncology and speciality portfolio in the US. The launch highlights our commitment to our mission of making speciality medicines accessible to all patients worldwide."

He further said, "We look forward to bringing more such complex and speciality products to the market in the coming years."

"We wish to inform you that the company has participated in the e-auction conducted by the government of Assam, wherein the company has been declared the 'preferred bidder' for the mining lease of the Sikilangso Limestone Block (Part A & Part B)," said a regulatory filing from JSW Cement, part of the $23 billion JSW group.

Located in Umrangso, Dima Hasao District, Assam, the Limestone Block A and Block B are spread over an area of 200 hectares each, it said.

Tata Motors said it has ascertained from PT Indonesia that the media reports in Indonesia — later reproduced in India — pertain to a domestic policy discussion on imports and local manufacturing and do not indicate any demand or execution risk to the order it has received.

“The order and advance we have received remain programme-driven, and we intend to begin supplies soon and complete deliveries in a phased manner as per our commitment,” Tata Motors said.