Stocks to Watch: Rail Vikas Nigam, Oriana Power, Bikaji Foods International, Ircon International in Focus

As many as 36 companies will declare their Q2 results. The big names in this list are Infosys, Nestle India, Axis Bank, Wipro, LTIMindtree, Polycab India, Tata Chemicals, Tata Communications, Havells, CEAT Ltd, Central Bank, Indian Overseas Bank, Jindal Stainless among others.

Rail Vikas Nigam:

RVNL has emerged as the lowest bidder for a project worth Rs 270 crore from Maharashtra Metro Rail Corporation. The project involves the construction of 10 elevated metro stations.

Oriana Power:

The company has received a new contract worth Rs 375 crore for the construction of a 75 MW (AC) solar power plant from Maharashtra State Electricity Distribution Company. The project involves the implementation of feeder-level solarisation under Component C of the PM-KUSUM Scheme, including land and transmission line.

Bikaji Foods International:

The company's subsidiary, Bikaji Foods Retail, will make a strategic investment of up to Rs 131.01 crore in Hazelnut Factory Food Products for the acquisition of its 53.02% stake in tranches. This acquisition is part of the company's overall strategy to develop and expand its quick service restaurant (QSR) business vertical.

Ircon International:

The company has signed a Memorandum of Understanding (MoU) with Patel Engineering for collaboration and cooperation to jointly execute mutually beneficial business opportunities in various infrastructure projects in India and overseas.

Welspun Corp:

The company's subsidiary, Sintex-BAPL, has completed the acquisition of a 100% stake in Weetek Plastic from the current shareholders. Following the acquisition, Weetek Plastic becomes a wholly owned step-down subsidiary of the company. Weetek Plastic manufactures plastic pipes, fittings, and water storage tanks with a combined capacity of 19 KMPTA in Raipur, Chhattisgarh.

EIH:

The company's board has decided to invest up to GBP 69 million in EIH London Investments for a 100% stake. EIH London Investments has not yet commenced its business operations.

Aditya Birla Fashion and Retail:

Aditya Birla Digital Fashion Ventures (ABDFVL), a wholly owned subsidiary of the company, has infused Rs 75 crore into Wrogn, increasing its shareholding in Wrogn from 17.10% to 32.84%.

Oberoi Realty:

The board has approved the issuance of non-convertible debentures worth up to Rs 1,500 crore on a private placement basis. Additionally, it plans to launch a residential project named Jardin at Oberoi Garden City, Thane, on October 18.

Tata Elxsi:

The design and technology services company has launched Coalesce, powered by the Snapdragon Spaces XR platform from Qualcomm Technologies Inc. Coalesce is an XR-based immersive collaboration solution that integrates spatial computing, digital twins, and simulations.