Stocks to Watch, September 16: Adani Enterprises, NCC, MIDHANI, KRBL Ltd, Transrail Lighting, JSW Infra, Canara Bank, Zydus Life

Sonprayag is the final point accessible by road for pilgrims heading to the Kedarnath Temple. The Union cabinet had in March this year approved the ropeway project, expected to cost about Rs 4,081 crore, to provide pilgrims with a faster, more comfortable and environmentally friendly mode of travel.

Spanning a total distance of 12.9 kilometres, the ropeway will connect Sonprayag to Kedarnath, a journey traditionally completed via a strenuous 16 km uphill trek or by other means like ponies, palanquins and helicopters.

"Adani Enterprises Ltd (AEL), the flagship incubator of the Adani portfolio, has received a Letter of Award (LoA) from the National Highways Logistics Management Ltd (NHLML) for building the prestigious ropeway project connecting Sonprayag with Kedarnath," the company said in a statement.

Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing the Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing.

The offer comprises an offer for sale of up to 23.75 crore shares of face value of ₹10 each, including up to 13.77 crore shares by Canara Bank, up to 47 lakh shares by HSBC Insurance (Asia-Pacific) Holdings and up to 9.5 crore shares by Punjab National Bank.

In one of its filings, the company stated on Monday that its board has ordered an independent review following the resignation of independent director Anil Kumar Chaudhary, who had raised multiple corporate governance concerns.

In a separate filing, KRBL said that a conference call for analysts/investors is scheduled for Tuesday, September 16, 2025, at 04:00 P.M. The call is being held at a shorter notice to address the queries of the analysts/investors on the recent developments in the company.

The company has signed Memoranda of Understanding (MoUs) with leading charging point operators (CPOs), including A Plus Charge, Ampvolts, ChargeMOD, Charge Zone, Electric Fuel, Envo The Sustainer, EV Spot Charge, Kazam, Nikol EV, Sonik Mobility, Thunderplus Solutions, Volttic, and Zeon Electric, Tata Motors said in a statement.

The company said that already 25,000 public chargers are available for electric SCVs (small commercial vehicles).

Chairman of Birla Corporation Harsh V. Lodha told shareholders at the company's AGM here that the company is a major player in the cement industry in central India with a total capacity of 20 million tonnes.

The company plans to raise the production capacity to 27.6 million tonnes by 2028-29 by way of new grinding units and clinkerisation. The proposed capital expenditure for this would be ₹4,335 crore, Lodha told the shareholders.

He also said the allocation of coal blocks to the company is at various stages of approval.

The pact, which is subject to regulatory approvals, will allow AEGEAN to strengthen its connectivity into India and South Asia, while enabling more travel options for IndiGo customers on the former's extensive domestic and European network.

Earlier in the day, the Gurugram-based airline said it will start flight services to the Greek capital city Athens, connecting Delhi and Mumbai, from early next year with its maiden Airbus A321 XLR, which is set to be delivered to the airline by this year's end.

In an interim order, Sebi restrained the Vadodara-based Par Drugs and Chemicals Ltd (PDCL) from executing the Business Transfer Agreement (BTA) signed on February 14, 2025, with Phal-Jig Fine Chemicals Pvt Ltd (PJFCPL) for ₹95 crore.

The buyer firm is part of PDCL's promoter group, as per the order.

The agreement provides for reconstruction of berth 8 and installation of rail-mounted quay cranes (RMQC) at berths 7 and 8 at Netaji Subhas Dock under the Kolkata Dock System, to enable faster container cargo handling, supported by a 25-acre backup area, a statement said.

The concession has been awarded for 30 years, with the terminal projected to handle 5 lakh TEUs annually, it said.

SMPK Chairman Rathendra Raman said the project reflects the port’s commitment to strengthening infrastructure and trade facilitation in line with the Centre’s vision of world-class ports.

"Driven by the rising demand for private stays and immersive travel experiences, ama Stays & Trails continues to grow at an accelerated pace. This opening marks the brand's foray into Uttar Pradesh with its 150th bungalow in Kannauj, enriching our portfolio of authentic, heritage-infused stays that cater to the evolving preferences of today's discerning traveller," IHCL Executive Vice President - New Businesses and Hotel Openings, Deepika Rao, said in a statement.

Anand Bhawan Palace, Tirwa, Kannauj, originally built in 1929, is restored to offer six spacious suites, each named after timeless perfumes of Kannauj.

large work orders worth ₹292 crore from prominent Independent Power Producers (IPPs).

• ZyVet® Animal Health, a generic pharmaceutical company for animals and a wholly owned subsidiary of Zydus Pharmaceuticals (USA) Inc., itself a wholly owned subsidiary of Zydus Lifesciences Ltd., has released the first FDA-approved generic of phenylpropanolamine hydrochloride tablets, a treatment for managing urinary incontinence in dogs.

"This latest product underscores ZyVet’s mission to bring trusted, high-quality, and cost-effective therapies to veterinary professionals across the United States," it said.

• ZyVet® Animal Health also announced the launch of the first veterinary-approved generic of Furosemide Tablets, a critical therapy for managing congestive heart failure and chronic fluid retention in dogs and cats.