India Directs Refiners To Prioritise LPG Production For IOC, BPCL And HPCL
Stocks To Watch Today: Hindustan Aeronautics, JSW Cement, Affle, Lupin, Greenlam, Greenply, Tata Motors, Natco Pharma, Reva Diamonds In Focus On March 4
Last Updated: 4th March 2026 - 06:18 pm
Summary:
Defence contracts worth ₹5,083 crore were signed, Natco Pharma launched a generic drug in the U.S., and Adani Ports reported 16% year-on-year cargo growth for February, putting multiple stocks in focus on March 4.
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Several companies announced order wins, management changes, regulatory updates and business developments on March 3, according to exchange filings.
Hindustan Aeronautics, Defence Contracts
The Ministry of Defence signed contracts worth ₹5,083 crore for six Advanced Light Helicopters (ALH) Mk-III (Maritime Role) for the Indian Coast Guard and Surface-to-Air Vertical Launch – Shtil missiles for the Indian Navy, as per an official release.
A ₹2,901 crore contract for ALH Mk-III (MR), including operational role equipment, engineering support and performance-based logistics support, was signed with Hindustan Aeronautics Limited. Another ₹2,182 crore contract for Shtil missiles and related systems was signed with JSC Rosoboronexport of the Russian Federation, according to the Ministry.
Natco Pharma Launch In The U.S.
Natco Pharma, along with its partner Breckenridge Pharmaceutical, Inc., announced the launch of Pomalidomide Capsules in the U.S. market. The drug is a generic version of Pomalyst by Celgene and is indicated for adult patients with multiple myeloma.
Industry sales data showed estimated sales of US$3.2 billion for Pomalidomide Capsules in the U.S. for the 12 months ended September 2025.
Adani Ports February Cargo Data
Adani Ports and Special Economic Zone handled 42.5 MMT of total cargo in February, up 16% year-on-year, led by 14% growth in containers and 15% growth in dry cargo, as per the company’s monthly update.
Logistics rail volume stood at 52,101 TEUs, up 3% year-on-year, while GPWIS volume was 1.7 MMT, down 8% year-on-year.
Tata Motors Indonesia Order
Tata Motors clarified media reports regarding Indonesia putting vehicle import orders on hold. The company stated that discussions reflected domestic policy considerations and not demand or execution risk.
On February 10, its subsidiary PT Tata Motors Distribusi Indonesia signed an agreement to supply 70,000 vehicles for deployment in Indonesia. The company said the order and advance received remain programme-driven, with supplies to begin soon in a phased manner.
Other Key Updates
JSW Cement was declared the preferred bidder for the Sikilangso Limestone Block (Part A & B) in Assam, spread across 200 hectares each.
Affle 3i said Anuj Kumar resigned as Non-Executive Director effective April 16, 2026.
Lupin Limited said the GST Department, Maharashtra, concluded inspection proceedings at its registered office on March 2, with no official communication on adverse findings issued.
Greenlam Industries and Greenply Industries informed exchanges that Income Tax Department search operations conducted at their offices and units concluded on March 2.
PNGS Reva Diamond Jewellery made its mainboard listing debut, while Sammaan Capital remained in the F&O ban list for the session, as per exchange data.
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