Cupid, JBM Auto and SRM Contractors to see some action today

23 Dec 2024 Evaluate

Cupid has received purchase orders from United Nations Population Fund (UNFPA) for supply of male condoms and female condoms worth around Rs 18.20 crore. The order is to be executed between March, 2025 to May, 2025.

JBM Auto’s subsidiary -- BM Ecolife Mobility has been awarded a Rs 1,800 crore contract by Ahmedabad BRTS for the supply of 343 electric buses.

SRM Contractors has received Letter of Acceptance (LoA) worth Rs 105.96 crore from National Highway Authority of India (NHAI). The order is for Long term rectification work of blackspots by construction of (i) VUP at Sornath Junction (GJ-(09)-145 at km 13+255, (ii) Flyover at Keshod Junction (GJ-(02)-212) at km 64+077, (iii) Flyover & LVUP at Gadu Location (GJ(02)-178) at Km 97+800 and (iv) Service road at Santipara Patiya (GJ-(02)-23.3) from Km 100+480 to 103+497 on Jetpur-Somnath section of NH 151 in the State of Gujarat on EPC mode.

Reliance Industries’ wholly owned subsidiary -- Reliance Digital Health (RDHL) has entered into definitive agreements to acquire 45% equity stake on a fully diluted basis in Health Alliance Group Inc. (HAGI) for an aggregate consideration of $10 million. The investment will empower RDHL to develop a virtual diagnostic and care platform, expanding access to healthcare for underserved communities.

Waaree Energies’ wholly owned subsidiary -- Waaree Solar Americas Inc has started trial production of solar module at its manufacturing facility in the United States (US). The first phase is of 1.6 GW solar module manufacturing capacity. The company plans to scale it up to 3 GW. The company is the first Indian renewable energy company to establish a PV module manufacturing facility in Brookshire, Texas, United States.

GMM Pfaudler’s subsidiary -- Pfaudler GmbH, Germany has entered into an Investment and Shareholders’ Agreement (ISHA) on December 20, 2024, to acquire 51% stake in a limited liability company, which is to be acquired / incorporated in Poland (JV Co) based on a cash contribution by Pfaudler GmbH and an asset contribution by the JV Co-partner. The objective of this acquisition is to establish an engineering and manufacturing facility in Poland.

United Drilling Tools has bagged new order from Oil and Natural Gas Corporation (ONGC) for one of its product line i.e; Large OD casing pipe with multi start connectors worth Rs 55.20 crore (including GST). The company is committed to completing the current order in the next 6 months, ensuring all milestones are met and the project is to be delivered with the highest standards of quality and efficiency.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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Investing in stocks, mutual funds, debt, and gold
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A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
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