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LENSKART

GRSE Shipyard Plan, Solar Module Order, and New Capacity Expansions Drive Stock Focus on Sept 22

The domestic stock market is expected to open in the green on Tuesday, September 22, with GIFT NIFTY futures indicating that the NIFTY50 index will open 53 points higher. GRSE shares will be in focus after the company’s board approved a ₹2,896 crore capital budgetary outlay to build a greenfield shipyard at Raichak, West Bengal. The new facility aims to enhance the company’s shipbuilding capacity across both the naval and commercial segments. The approval is part of GRSE’s broader capacity expansion plan announced in August.

Transrail Lighting has completed phase 1 of the brownfield expansion for conductor manufacturing at its Silvassa location, increasing its conductor manufacturing capacity from 24,000 Km/annum to 40,800 Km/annum. The company is in the process of further enhancing its conductor capacity under phase 2 expansion, after which it will be double its original capacity. Randeep Narang, MD & CEO, stated, "This expansion marks a significant milestone in strengthening the Company's conductor manufacturing capabilities, which enhances its execution efficiencies and capacity to cater to growing markets."

Waaree Energies will be in focus as the company received an order from a leading domestic solar developer for the supply of 2 GW of solar modules. The one‑time order will be executed across FY27 and FY28. The company did not disclose the order value or the identity of the customer, but said the order is not a related‑party transaction and the promoter group has no interest in the awarding entity.

Hindustan Copper plans to invest over ₹7,000 crore over the next 5–6 years to expand its mining and copper production capacity. Under its roadmap, the company aims to raise mining capacity from around 4 MTPA currently to 12.2 MTPA, with Malanjkhand capacity targeted to double to 5 MTPA, Khetri to 3 MTPA and Indian Copper Complex to 4.2 MTPA by FY30. The company also plans extensive exploration, new paste‑fill and concentrator plants, revival of closed mines and acquisition of new copper deposits in India and overseas.

Pace Digitek’s material subsidiary, Lineage Power Private Ltd, bagged an order worth ₹488.46 crore for a Battery Energy Storage System (BESS) from NTPC GE Power Services Private Limited (NGSL). The order, dated September 21, covers supply, delivery, testing, and supervision of erection, testing, and commissioning of 5.015 MWh BESS containers along with a battery management system (BMS) and energy management system (EMS), and includes a comprehensive maintenance contract (CMC).

Parag Milk Foods plans to invest approximately ₹100 crore to expand its paneer manufacturing capacity from existing 20 MT/day to 80 MT/day at Manchar (Maharashtra) and Palamaner (Andhra Pradesh). The expanded facilities will produce both regular and high‑protein paneer and are expected to be commissioned by June 2027. The company said that value‑added products contribute more than 90% of the company’s turnover, and Paneer is one of its flagship categories, which is growing by 28% over the last two years. ONGC struck gas in a deepwater well off India’s eastern coast, discovering gas at a depth of 1,441‑1,452 metres in the MN‑DW18‑1‑H‑D well in the Mahanadi Offshore Basin, about 43 km off Konark. The well has been flowing gas for the past three days with encouraging flow and reservoir pressure, subject to further appraisal and commercial evaluation. Lenskart saw its shares fall 3.10% to close at ₹685.30 after Abu Dhabi Investment Authority sold 3.5 crore shares, worth ₹2,390.57 crore, reducing its stake from 9.77% to 7.76%. Lloyds Metals and Energy’s board approved the issuance of two separate non‑convertible debentures aggregating up to ₹600 crore and ₹950 crore on a private placement basis and approved capacity expansion of DRI plants.