Ambuja Cements, ACC, Orient Cement, GMR Power, Aion Tech, HCL Tech, Stanley Lifestyle, Belrise among host of stocks to remain in focus on Tuesday, December 23

GMR Kamalanga Energy Limited (GKEL), a step-down subsidiary of GMR Power and Urban Infra Ltd, has successfully completed refinancing of its existing debt of ₹2,700 crore at a lower borrowing cost. Under the refinancing arrangement, GKEL has secured a senior loan facility of ₹2,700 crore, enabling the repayment of all existing lenders. This strategic refinancing has reduced GKEL’s average cost of borrowing from 12.15 per cent p.a. to 9.50 per cent p.a. with a provision to further reduce the same to 9.25 per cent p.a. subject to a credit rating upgrade. Post refinancing, the estimated savings in interest cost during the first full year of operations will be ₹72-75 crore.

AION-Tech Solutions Ltd, a publicly listed, technology-first enterprise, has signed a Memorandum of Understanding (MoU) with Theoremus AD, a global leader from Bulgaria in multimodal transport orchestration, to collaborate on next-generation urban mobility solutions across India. As an initial phase of the partnership, First-Middle-Last Mile (FMLM) mobility integration pilots will be launched in Telangana and Karnataka, focusing on demand-responsive EV feeder services connected to high-traffic metro and bus corridors. The pilots aim to improve connectivity, fleet utilisation, and service reliability while supporting sustainable urban transport outcomes.

Suditi Industries Ltd plans to raise ₹58.87 crore through a combination of equity shares and warrants, marking a significant milestone in the company’s evolution from a traditional textile manufacturer to India’s first vertically integrated kids’ retail business. This capital infusion will support Suditi’s ambitious expansion plans of Gini & Jony in the rapidly growing children’s apparel and lifestyle market. Kids apparel alone represents a ₹3,00,000 crore ($33.5 billion) opportunity in India, growing at a robust 14-15 per cent CAGR, making it one of the most compelling consumer segments in the country.

Sunita Tools Ltd has entered into a Memorandum of Understanding (MoU) with a (friendly) Middle East-based company to support the execution of formalities and paperwork of an upcoming defence order for M107 from the Middle Eastern company. Under this MoU, the partner company will assist Sunita Tools Limited with government liaison, documentation, regulatory approvals, coordination with local authorities, payment procedures and follow-up and other execution-related formalities in the Middle East country. In return, the partner company will receive a mutually agreed percentage-based commercial share from the finalised order.

GPT Infraprojects Limited (GPTINFRA) has been declared L1 (first lowest) in an order valued at ₹670 crore in consortium with ISCPPL. The order is for construction of four-lane elevated road in Jodhpur city portion from Mahamandir (Ch. 0+000) to Akhaliya Chouraha (Ch. 7+633) in Rajasthan on HAM mode.

Corona Remedies has successfully commenced the additional commercial production of tablets/capsules at the Bhayla manufacturing facility (Facility) of the Company. As on March 31, 2025, the Facility has an installed capacity of 852.80 million with the available capacity of 600 million and actual production of 561.49 million which is equivalent to capacity utilisation of 93.58 per cent. The additional production will raise the installed capacity by 400 million and available capacity by 240 million at the Facility.

Belrise Industries and Plasan Sasa, a global leader in advanced armour and survivability solutions, have announced a strategic agreement to jointly pursue opportunities in the Indian military market with their innovative ATEMM systems.

Man Industries (India) has announced the successful conclusion of the Income Tax Department’s search on December 22, 2025, marking the end of a regulatory inquiry that had been under review. The steel sector company has confirmed that the completion of this search brings clarity to its regulatory standing, with no impact on its business operations.

The board of Orient Cement on Monday approved a scheme of amalgamation of Orient Cement with Ambuja Cements. The transferor company is a subsidiary of Ambuja Cements. Upon the scheme becoming effective, Ambuja Cements will issue and allot 33 shares for every 100 held in Orient Cement. Similarly, the board of ACC approved its merger with Ambuja Cements whereby its shareholders will receive 328 shares of Ambuja Cements for every 100 held in the latter.

Ramco Cements Ltd on Monday said it has sold its non-core assets for ₹515 crore to Prestige Estates Projects Ltd, the Bengaluru-based real estate developer. With this, the company has so far disposed non-core assets worth ₹1,017 crore, as against the target of ₹1,000 crore that was announced while releasing the company’s Q2FY25 results. The company had earlier disposed non-core assets worth ₹502 crore, Ramco added in a communication to the stock exchanges. According to Prestige Group, the acquisition of a 25-acre land parcel in Medavakkam, Chennai, marks another significant business development milestone for the Group and reinforces its long-term commitment to the Chennai real estate market. The acquired land parcel offers a development potential of approximately 5 million square feet, with an estimated top-line revenue potential of over ₹5,000 crore.

Lloyds Enterprises Ltd (LEL) has announced a corporate restructuring plan designed to provide its shareholders with direct, focused exposure to the robust growth of the real estate sector. This strategic transformation involves a composite scheme of arrangement to consolidate the group’s real estate interests and subsequently demerge the consolidated business into a newly formed (will be independently listed): Lloyds Realty Ltd (LRL). To streamline the pre-demerger structure, LEL will first merge its existing interests: Lloyds Realty Developers Ltd (LRDL) & Indrajit Properties Private Limited (IPPL). Lloyds Realty Developers Ltd (LRDL) shareholders will receive 43 equity shares of Lloyds Enterprises Ltd (LEL) for every 350 equity shares held in LRDL (face value ₹1 each).

Drug firm Cipla on Monday said it has launched orally inhaled insulin powder for diabetes patients in the country. The company had obtained regulatory approval from the Central Drugs Standard Control Organisation (CDSCO) late last year for the exclusive distribution and marketing of Afrezza, a rapid-acting orally inhaled insulin, which offers a needle-free, convenient alternative to injectable insulin therapy.

Stanley Lifestyles informed the exchanges that a licence agreement has been executed between Hilker Far East Ltd (Hilker), Stanley Retail Ltd and Stanley Lifestyles. Stanley Retail Ltd (SRL) is the wholly owned subsidiary of Stanley Lifestyles Ltd (SLL). Hilker would grant a manufacturing licence through which SRL and SLL would obtain exclusive rights to manufacture, retail and distribute Hilker products, for an agreed royalty.

Sangreen Future Renewables Private Ltd, material subsidiary of Sanghvi Movers Ltd, has been awarded large work orders worth ₹428.72 crore from prominent Independent Power Producers (IPPs).

HCL Software, the software business division of HCLTech, has announced its intent to acquire Wobby, an early-stage startup providing AI Data Analyst ‘Agents’ for data warehouses, based in Antwerp, Belgium. The acquisition is expected to close by February 2026.

Published on December 23, 2025