Stocks to Watch, September 1: Aurobindo Pharma, RIL, auto stocks, Ather Energy, NCC, BEML, Adani Power, Torrent Power

Mehta, who announced the launch of a new electric scooter platform, EL, at the Ather Community Day in Bengaluru on Saturday, which will produce e-scooters for multiple segments, said that the company in the near term was looking at a 20 per cent market share.

The first product from the latest two-wheeler architecture is expected to be rolled out next year.

Moreover, Ather Energy on Saturday unveiled a new two-wheeler platform for a new generation of electric scooters across multiple segments.

The company also announced a series of other significant product and technology developments, including showcasing a concept moto-scooter, Redux, and AtherStack 7.0, which would alert riders to share live location, report on potholes and crashes, and update them on tyre pressure, among others.

Gurugram-based Signature Global is one of the leading real estate developers in the country. The company became the fifth largest player in the last fiscal year in terms of pre-sales, selling properties worth ₹10,290 crore.

"We have recently purchased a total of 33.47 acres of land in Sohna, Gurugram," Signature Global Chairman Pradeep Kumar Aggarwal told PTI on the sidelines of NAREDCO's convention on Saturday.

He said the cost of acquisitions stood around ₹450 crore.

These land parcels were bought through three separate sale deeds. The total development potential is around 18 lakh sq ft.

Jio Platforms, an entity that houses Reliance Industries' telecom and digital businesses and is valued at over $100 billion, is making all arrangements to file for its initial public offering, he said.

"We are aiming to list Jio by the first half of 2026, subject to all necessary approvals," Ambani, chairman and managing director of Reliance Industries Ltd, said during his annual address to shareholders.

Earlier this year, Nishant Pitti had resigned as CEO on account of "personal reasons", with his brother and co-founder Rikant Pittie being appointed as the new CEO at the time.

In April, EaseMyTrip had denied any direct or indirect association with the Mahadev betting app or any other betting platform, a day after the Enforcement Directorate searched the premises of co-founder Nishant Pitti.

In a statement on Friday, the RBI said that a statutory inspection for supervisory evaluation of the bank was conducted with reference to its financial position as of March 31, 2024.

Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why a penalty should not be imposed on it for its failure to comply with the said RBI directions.

RBI said the bank paid remuneration in the form of commission to certain employees.

"With inflation tapering, interest rates moderating and rural sentiment on the mend, we believe the operating environment will become more conducive. Add to this a strong forecast for monsoons and income tax benefits for the middle class, and we expect to see a revival in demand in the coming quarters," he said, addressing shareholders at the 42nd AGM of the company.

The Kolkata-headquartered firm is investing in the right enablers -- technology-driven efficiency, strategic capital allocation, and building a strong pool of human resource talent, said Goenka.

OVL, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has about USD 350 million in dividend income stuck in Russian banks that it can't repatriate because of the western embargo.

The firm has another $600 million stuck in Venezuela due to sanctions.

OVL managing director Rajarshi Gupta said about $350 million in dividend income from the company's interest in oil and gas assets in Russia is lying in the company's bank account in Russia.

"We believe resolution will happen soon, and we should be able to get the money soon," he said.

Alidac UK Ltd, a wholly-owned subsidiary of the company, has signed a definitive agreement to acquire Comfort Click, including its three subsidiaries located in Ireland, the US and India.

The equity value of the buyout is GBP 239 million, subject to customary and agreed adjustments under the terms of the SPA, Zydus Wellness said in a statement.

The acquisition marks Zydus Wellness' first overseas acquisition and its entry into the vitamins, minerals and supplements (VMS) segment, it added.

The target company, operating in the UK and major markets of Europe, posted revenues of GBP 134 million for the financial year ended on June 30, 2025, with a five-year CAGR of 57% and recorded an adjusted operating profit of GBP 21 million.

The majority shareholders, 54.04%, voted against the amendment in the articles of association of the bank, as per the regulatory filing by IndusInd Bank.

However, the shareholders approved the appointment of new Managing Director and CEO Rajiv Anand as part of its efforts to come out of the financial mess caused by past frauds.

The Mauritius-based promoter company IndusInd International Holdings Ltd (IIHL) in a statement said the resolution, which also required amendment of the bank's articles of association, had received prior approval from the Reserve Bank of India (RBI) and the board of the bank.

The firm is scaling up its capacity to refine crude oil into fuels like petrol and diesel from the current 80.75 million tonnes per annum to 98.4 million tonnes by 2028, with major expansions at Panipat, Gujarat, and Barauni, he said at the company's annual shareholder meeting.

To move this energy swiftly and sustainably, IOC is expanding its pipeline network – the country's most extensive – to 22,000 km with 21 projects under execution. These include pipeline extensions and new storage facilities in Nepal.

Alongside refining and pipelines, IOC is targeting petrochemicals as the next growth engine, expanding capacity from the current 4.3 million tonnes per annum to over 13 million tonnes capacity by 2030, with a sharp focus on specialty chemicals to reduce import dependence and enhance margins.

The letter of award (LoA) has been received from MP Power Management Company Ltd (MPPMCL), the Adani Group entity said in a statement.

Adani Power emerged as one of the lowest bidders in a highly competitive bidding process, with the final tariff of ₹5.838 per kWh. As part of the contract, the company will supply power from a new 800 MW ultra-supercritical thermal power unit, to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model, in the state.

The company will invest ₹10,500 crore towards setting up the plant and related infrastructure. The unit will be commissioned within 54 months of the appointed date.

The Letter of Award (LoA) has been received pursuant to participation in the competitive bidding process, conducted by MPPMCL, at a tariff of ₹5.829/kWh, the company said.

This project entails an investment of approximately ₹22,000 crore and will be the single-largest investment by the Torrent Group in the power sector.

The company will set up a greenfield 2x800 MW ultra-supercritical power plant in Madhya Pradesh and supply the entire capacity to MPPMCL. The requisite coal for the power plant will be arranged by MPPMCL under the SHAKTI Policy of the Ministry of Coal. The project is to be commissioned within 72 months from the date of execution of a 25-year Power Purchase Agreement (PPA).

The first project that is being negotiated is for the procurement of three Scorpene submarines, which will be jointly constructed by state-run Mazagon Dock Limited (MDL) and French defence major Naval Group.

Though the defence ministry cleared the nearly ₹36,000 crore deal over two years back, there have been delays in negotiations to firm up various technical and commercial aspects of the project, PTI reported, quoting sources.

The second project that the defence ministry is eyeing to seal is for the acquisition of six diesel-electric stealth submarines at a cost of around ₹65,000 crore. The procurement was initially cleared by the ministry in 2021.

"We are expecting both contracts will be firmed up by the middle of next year," the PTI report said, quoting sources.

BEML: The company said it has bagged order from Indian Railways for supply of Utility Track Vehicles with contract valuing more than ₹80 crore.

At the end of the current inspection, a ‘Form 483’ was issued with 5 observations which are procedural in nature and no data integrity issues were reported. We will respond to the US FDA within the stipulated timelines.

"The company is committed to maintaining the highest quality manufacturing standards at all of its facilities across the globe. We will keep the stock exchanges informed if there is any further information relating to the above in the future," the company said.