Stocks to watch, Sept 21: Welspun Corp, Tata Group stocks, Mazagon Dock, GR Infraprojects, NTPC, RVNL, NMDC

The domestic equity market is expected to open lower on Monday, September 21. GIFT NIFTY futures suggest that the NIFTY50 index will open 41 points down.

In a fresh development, the Tata Trusts have challenged the validity of Tata Sons' September 17 decision to reappoint N Chandrasekaran as chairman, arguing that the company's Articles of Association require affirmative support from a majority of its Trust-nominated directors and that a chairman's casting vote cannot override that condition.

The contract is valued at more than SAR 771 million (around ₹2,000 crore), including value-added tax, and has a duration of six months.

Welspun Corp said the financial impact of the contract is expected to be reflected from the fourth quarter of FY27 through the first quarter of FY28.

The projects, funded by the World Bank, involve rehabilitation of existing sewer lines across eastern and western Ahmedabad and are to be executed over 24 months.

The order wins increased Welspun Michigan Engineers’ order book to around ₹2,432.66 crore as of September 2026, from about ₹2,135 crore in June.

Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people.

In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties.

To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu.

Titan: Leading watchmaker Titan Company, which has been expanding its premium and luxury watch portfolio, is open to acquiring or investing in smaller and emerging brands as part of its growth strategy, a top company official said.

The Tata group firm expects a "robust" festive season this year, driven by healthy consumer demand and an early wedding season coinciding with a delayed Diwali, said Titan Company Chief Marketing Officer Ranjani Krishnaswamy. She also acknowledged that the company is working to keep pace with rising demand.

When asked about acquisition as part of its growth journey, she said Titan is evaluating opportunities that may complement its long-term growth ambitions and help deepen its presence across segments and markets.

The company said the orders were awarded by a domestic entity and do not constitute a related-party transaction.

The order involves execution of roadbed, bridges, RUBs/LHS, building works, ballast supply, track linking and allied signalling and electrification works for the third railway line between Nergundi-Barang and Khurda Road-Vizianagaram on the Bhadrak-Vizianagaram section.

The order is in the normal course of RVNL’s business.

The contractor had failed to meet obligations and achieve the required progress in the project, the power giant said in a statement.

"NTPC has terminated the contract awarded to GR Infraprojects for the 400-MWh BESS project at Mouda Super Thermal Power Station due to the contractor's failure to meet its contractual obligations and achieve the required project progress," it said.

The project, awarded in March 2026 at a total contract value of Rs 413.37 crore, is a strategically important BESS project and was scheduled for completion within 15 months in line with national energy objectives; however, the project witnessed significant delays in critical activities.

The contract, valued at approximately ₹279.33 crore (including taxes), involves the construction and hiring of a battery-operated Green Tug for a tenure of 15 years.

With this order, KMEW has further strengthened its presence in India's emerging Green Tug segment, having won three Green Tug contracts awarded by Major Ports within a relatively short period.

These contracts represent the Company's growing portfolio of next-generation marineassets with long-term operating commitments.

The contract, valued at around ₹160 crore, is to be executed over 18 months, with an option for extension by mutual consent.

The company clarified that the quantity mentioned in its earlier disclosure as 10 metric tonnes was a typographical error and the correct quantity is 10 lakh metric tonnes.

The proposed shipyard envisages an annual shipbuilding capacity of at least 1.2 million Gross Tonnage and aims to create a globally competitive shipbuilding and marine ecosystem in the country.

Aligned with the National Steel Policy 2017, which targets an installed domestic steelmaking capacity of 300 MT by 2030-31, NMDC, India's largest iron ore producer, aims to scale its output to 100 MT during the period.

The company is developing clean energy through its dedicated green arm, NLCIL Renewables Ltd (NIRL).

The PSU is targeting to increase its operational renewable energy portfolio from 1.8 GW to over 10 GW by 2030, with a long-term target of 32.7 GW by 2047, as part of its strategy to achieve a 50 per cent clean energy mix in its generation portfolio ahead of schedule, the Coal Ministry said in the statement.