Stocks to Watch, October 1: Rate-sensitive stocks, Swan Defence, Reliance Infra, Tata Motors, RITES, Time Technoplast, Wheels India

The city-headquartered Wheels India has identified the hydraulic cylinders segment as one of the strategic growth areas, and this collaboration is expected to drive its growth further in this segment.

In a press release on Tuesday, company MD Srivats Ram said, "It has been our stated intent to focus and grow the hydraulics cylinder business significantly over the next few years. We believe this business segment has the potential to be an important growth driver for Wheels India globally, going forward."

The latest infusion builds on the company's earlier investment of ₹150 crore in October 2023, bringing the total investment to ₹270 crore in Freight Commerce Solutions (Freight Tiger), the Mumbai-based automaker said in a statement.

In a separate regulatory filing, Tata Motors said its subsidiary has incorporated a unit in the Netherlands.

"We wish to inform you that TML CV Holdings Pte Limited, a wholly-owned subsidiary of the company, has incorporated a wholly-owned subsidiary in the name of TML CV Holdings B.V. in the Netherlands," the Mumbai-based auto major said in a regulatory filing.

The new entity has been incorporated as a holding company with the primary objective of participating in managing and administering participations and interests in businesses, legal entities and companies, it added.

Besides, the company's demerger takes effect from Wednesday, October 1. The record date will be mid-October, subject to approval from the Registrar of Companies (RoC). The currently listed shares of Tata Motors will begin trading ex-CV business a day after the record date and will subsequently be named Tata Motors Passenger Vehicles Ltd (TMPVL).

With this, the project has achieved a total cumulative commissioned capacity of 629.90 MW out of 1,000 MW as of date, and the remaining capacity is expected to be commissioned soon, the company said in a filing.

The overall capacity of the Bikaner Solar Power Project is 1,000 MW, the company said.

Sharing its update regarding the commissioning of a 300 MW solar PV project in Bikaner, Rajasthan, the company in an exchange filing said, "It is to inform that the commissioning of the balance capacity, i.e., 85.72 MW of the 300 MW Karnisar Solar Power Project in Bikaner, Rajasthan, is now likely to be commissioned by October 31, 2025, instead of September 30, 2025," the company said.

Ola Electric Technologies Pvt Ltd obtained approval from its Board and shareholders to raise funds by way of issuance of up to 87,76,40,000 non-cumulative and non-participating 0.001 per cent Series A Optionally Convertible Redeemable Preference Shares of face value ₹10 each, at a consideration of ₹877.64 crore in one or more tranches on a preferential basis through private placement, the Bengaluru-based firm said in a regulatory filing.

Ola Electric Technologies is a wholly-owned subsidiary of the company.

The company has received the notifications of award from M.P. Power Generating Company Ltd. (MPPGCL), BHEL said in an exchange filing.

The orders are "in the range of ₹13,000 crore - ₹15,000 crore excluding taxes & duties," it said.

The NoA received on Monday is for EPC packages of 1x660 MW Amarkantak unit no. 6 and 1x660 MW Satpura unit no. 12 Supercritical Thermal Power Plants in Madhya Pradesh. The EPC works include the supply of equipment, erection and commissioning and civil works.

Project completion schedule of each plant within 57 months from NOA.

In a regulatory filing on Tuesday, DLF informed that the securities allotment committee of the Board of DLF Cyber City Developers Ltd (DCCDL) has approved the allotment of 1,10,000 Non-Convertible Debentures (NCDs) for an aggregate principal amount of ₹1,100 crore on a private placement basis to eligible investors.

These NCDs have been issued at a coupon rate of 6.91% per annum payable quarterly.

The DCCDL is a joint venture between DLF and Singapore's sovereign wealth fund, GIC. DLF holds nearly a 67% stake in the JV firm.

The city-headquartered company inaugurated a 2.25 lakh sq ft 'build-to-suit' facility in Waterloo, Iowa, expanding its footprint in the United States on Tuesday.

The new facility strengthens the company's ability to serve local manufacturers and key clients.

It would also enhance TVS Supply Chain Solutions' capability to deliver manufacturing support services, a company statement here said on Tuesday.

Swan Defence and Heavy Industries in a statement said both partners will jointly explore commercial shipbuilding and heavy engineering projects across domestic and international markets.

On the shipbuilding collaborations, the projects will encompass a wide range of commercial vessels, including tankers, gas carriers, container ships, and other specialised vessels, it added.

Swan Defence and Heavy Industries has a dry dock with a capacity of 400,000 deadweight tonnage (DWT) and an annual steel fabrication capacity of 144,000 T.

The shipyard has a dedicated offshore yard for fabrication, erection & load-out for large platforms, and offshore structures.

In a regulatory filing, ICICI Bank said, on September 29, 2025, it received a Show Cause Notice (SCN) under section 73 of the Maharashtra Goods and Services Tax Act, 2017, from the Additional Commissioner of CGST, Mumbai East Commissionerate, raising GST demand amounting to ₹216.27 crore on services provided by the bank to customers maintaining specified minimum balances in their accounts.

"IHCL's iconic brand Taj, with its presence in the historic city for over five decades, has placed Udaipur on the global tourism map. As a torchbearer for the city's growing hospitality landscape, Taj has an expansive footprint with four hotels across grand palaces and resorts.

The opening of Taj Lalit Bagh, Udaipur, adds yet another landmark to our luxury portfolio, deepening our commitment to the region and its rich heritage," IHCL Managing Director and CEO Puneet Chhatwal said in a statement.

A Memorandum of Understanding (MoU) was signed in this regard, which aims to enhance business collaboration in the mobility and infrastructure sectors across the UAE and other regions, according to a statement.

This partnership aims at combining RITES' five decades of expertise in consultancy, transport infrastructure, and engineering solutions with the execution capabilities of National Infrastructure Construction Company, creating synergies for shaping infrastructure projects in the region, the statement said.

This development has been achieved within the committed timeline of Q2 FY26 and marks the fulfilment of a key milestone as outlined in our earlier communication, it added.