Stocks to watch, Sept 28: Tata Power, NMDC, Coal India, Adani Ports, Aequs, Fujiyama Power Systems, NTPC

The domestic equity market is expected to open in the red on Monday, September 28. GIFT NIFTY futures suggest that the NIFTY50 index will open 82 points lower.

The port, which handles more than 48 million tonnes (MT) of cargo annually, now meets more than 90 lakh units of monthly electricity demand from renewable sources. At its current operating level, APSEZ said its renewable power consumption exceeds 108 gigawatt-hours (GWh) annually.

The shift, effective August 2026, is part of APSEZ's long-term Net-Zero strategy and is expected to reduce emissions associated with purchased electricity while improving the environmental performance of the energy-intensive port operations.

The transition has been achieved through a combination of captive renewable power, third-party access arrangements and green-power procurement under Odisha's regulatory framework.

SECL’s proposed IPO comes as Coal India steps up efforts to unlock value from its large operating subsidiaries. Earlier this month, another wholly owned subsidiary, Mahanadi Coalfields Ltd. (MCL), filed its draft IPO papers with the Securities and Exchange Board of India (SEBI).

Strategically located in one of Mumbai's most sought-after residential micro-markets, the proposed project is planned as a luxury housing development and has an estimated overall revenue potential of nearly ₹6,000 crore.

The project includes a new iron ore processing plant at Bacheli, a 15 MTPA slurry pipeline and the 2 MTPA pellet plant at Nagarnar. The 135 km slurry pipeline carries processed iron ore concentrate from Bacheli to Nagarnar, providing an alternative to transporting the material by road.

The fundraise will be carried out in one or more tranches and is subject to shareholders’ approval through a postal ballot as well as other regulatory approvals. The company has appointed Aryaman Financial Services as the Book Running Lead Manager for the proposed QIP.

Following the acquisition, Sunshine Healthcare Ltd (SHL) has become a step-down subsidiary of Dr Lal PathLabs, the company said in a regulatory filing.

The transaction has been completed in accordance with the agreement and prevailing provisions applicable in Ghana, the filing added.

The inspection by the US Food and Drug Administration (USFDA) was conducted from September 22 to September 25, 2026, the company said in a regulatory filing.

"The inspection closed with NIL observations," Zydus Lifesciences stated.

This 50:50 JV shall undertake projects within India and neighbouring countries, NTPC said in a statement.

The joint venture (JV) agreement was signed on September 25 in the presence of NTPC Chairman Gurdeep Singh and Bernard Fontana, Chairman and CEO of EDF SA, France.

Through this strategic partnership, NTPC and EDF Power Solutions, a fully owned subsidiary of the French electricity company EDF (Électricité de France), are committed to establishing a responsible and innovative industrial company to develop, build and operate low-carbon power plants, as well as flexibility solutions and transmission assets.

The equity infusion will be made by way of warrants by the promoter group, it said.

Of the total issue size of approximately ₹650 crore, ₹325 crore will be payable upfront upon allotment of the warrants, representing 50% of the issue size and twice the regulatory minimum.

The balance will be payable upon exercise of the warrants, it said.

On full conversion of the warrants, the aggregate holding of the promoter and promoter group in the company will increase from 59.09% to 60.73%, Aequs said.

However, the apex court clarified that observations made by the Delhi High Court in its August 31 judgment are tentative and only for the purpose of making out a case for the forensic audit, and should not influence the audit’s conduct or outcome.

Fortis also reiterated that the Delhi High Court has not imposed any liability, penalty or fine on the company.

The forensic audit relates to transactions involving the company’s erstwhile promoters, the Singh brothers, in the context of the dispute between Daiichi Sankyo and the Singh brothers.

In a regulatory filing on Friday, the company said it has "acquired and collaborated for a land parcel admeasuring approximately 194.22 acres situated at Farrukhnagar, District Gurugram, Haryana".

Signature Global has outright purchased 25 acres of land and collaborated with a landowner for 169.22 acres.

The company did not disclose the land cost, but sources said the 25-acre land has been purchased for ₹150 crore.

Signature Global informed the stock exchanges that it will develop an exclusive ultra-luxury farmhouse villa destination project on this 194-acre plot. It will develop 6.77 million square feet of area in this upcoming project, with an estimated revenue of ₹5,500-₹6,000 crore.

The fungicide has been developed in a strategic technical collaboration with Japan’s Nippon Soda Co Ltd (NISSO), the company said in a statement.

The new product has been launched across different parts of Karnataka and Andhra Pradesh, where Dhanuka has also initiated awareness drives among paddy farmers to promote effective management of Leaf and Neck Blast.

“With Polin, we are delivering patented Japanese chemistry with a completely new mode of action for control of rice blast,” said Rahul Dhanuka, Managing Director of Dhanuka Agritech.

The proposal, contained in the notice for the company's forthcoming general meeting, seeks approval for distribution of a sum not exceeding 1% per annum of profits calculated under Section 198 of the Companies Act, 2013, among the directors in such amounts and proportions as may be decided by the board from time to time.

Shareholders had last approved the commission arrangement at the annual general meeting held on September 28, 2021, for FY22 to FY26. The earlier approvals for similar payments were granted in 2007, 2011 and 2016, according to the shareholder notice.

The greenfield project is expected to start solar cell production using advanced TopCon technology by the end of the ongoing fiscal year, the official told PTI in an interaction.

After the start of commercial operations, the company's total cell capacity will reach 2.3 GW. Fujiyama operates a 1.1 GW cell plant in Dadri, Uttar Pradesh.

Tunnel Oxide Passivated Contact (TOPCon) technology is more efficient than conventional solar cell architectures, specifically Passivated Emitter and Rear Cell (PERC).

"We're watching it very closely. As you know, we've already taken three increases -- one in January, one in April, and a fairly significant one in July, about 2.7% on SUVs. That said, it's something that can be very dynamic, so we continue to watch it," he said.