14 stocks including SBI, 4 Tata group companies, NTPC, IREDA, JSW Cement, Vibhor Steel on Friday
BusinessLine·2026-03-20 02:04

IPO and Financial Developments - SBI Funds Management Ltd has filed a draft red herring prospectus for an IPO of up to 203,709,239 equity shares, representing up to 10.0013% of its paid-up equity share capital [1] - Indian Renewable Energy Development Agency Ltd. has approved increasing its FY 2025-26 borrowing plan from ₹30,800 crore to ₹35,800 crore [6] Strategic Collaborations - Tata Consultancy Services Ltd. signed a Memorandum of Understanding with ABB to enhance collaboration in IT infrastructure, digital and industrial AI initiatives, and emerging technologies [2] - NTPC signed an agreement with Octopus Energy Group to explore business opportunities in electricity distribution and storage [5] Company Expansions and Investments - Nestle India is expanding its production capacity in Sanand, Gujarat, with an investment of ₹225 crore for a new production line for its chocolate brand Munch, aiming for an additional capacity of 8,300 tonnes per annum [9][10] - Amber Enterprises India Ltd approved an investment of approximately ₹296.02 crore in the rights issue of its subsidiary IL JIN Electronics to maintain a controlling stake [11] New Developments in Industries - Tata Elxsi and Terumo Corporation inaugurated the 'Terumo–Tata Elxsi Offshore Development Center' to support the development of cardiac and vascular solutions [3] - JSW Cement commissioned a greenfield integrated cement plant in Nagaur, Rajasthan, increasing its total grinding capacity to 24.1 MTPA [7] New Contracts and Orders - Vibhor Steel Tubes Ltd received a work order from Agrawal Infracab Pvt Ltd for the supply of Transmission Towers worth approximately ₹16.87 crore [8] - IndiQube Spaces secured a workspace leasing agreement worth ₹54 crore with a leading GCC client in Pune, covering 1,140 seats over five years [13]

14 stocks including SBI, 4 Tata group companies, NTPC, IREDA, JSW Cement, Vibhor Steel on Friday - Reportify