Indian Railway Finance Corporation will remain in focus after the Government of India announced an Offer for Sale scheduled for February 25–26 to divest up to 2% equity, with an option to sell an additional 2%, as per stock exchange disclosures. The floor price for the offer has been fixed at ₹104 per share.

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HG Infra: Lowest Bidder For ₹1,582 Crore NHAI Project

HG Infra Engineering said it has been declared the lowest bidder for a ₹1,582 crore project from the National Highways Authority of India. The contract involves the construction of a six-lane access-controlled Capital Region Ring Road in Odisha under the Hybrid Annuity Mode, according to the company’s filing.

Lupin, Dr. Reddy’s: U.S. Regulatory Updates

Lupin received approval from the U.S. Food and Drug Administration for its Brivaracetam Oral Solution 10 mg/mL for partial-onset seizures. The company cited U.S. annual sales of approximately $135 million for the reference drug.

Dr. Reddy’s Laboratories informed exchanges that the U.S. Securities and Exchange Commission has concluded its investigation into alleged improper payments and does not intend to recommend enforcement action.

Waaree Energies, RVNL: New Orders

Waaree Energies said its subsidiary has received a Letter of Award from the Solar Energy Corporation of India for the development of a 300 MW wind power project in Dwarka, Gujarat.

Rail Vikas Nigam Limited received a Letter of Acceptance worth ₹270 crore from Central Railway for the traction substation and associated infrastructure works, as per its exchange filing.

Other Key Corporate Developments

Hindalco Industries said its subsidiary Novelis has entered into a $200 million share subscription agreement with AV Minerals for the purchase of 13.33 lakh shares.

The Union Cabinet has approved an increase in the permissible equity investment limit per subsidiary of Power Grid Corporation of India to ₹7,500 crore from ₹5,000 crore, while retaining the 15% net worth cap, according to an official statement.

5paisa Capital approved a ₹475 crore fundraise through a rights issue. The Financial Services Institutions Bureau has recommended Hitesh Rameshchandra Joshi for Chairman and Managing Director at General Insurance Corporation of India, as per an official release.

These announcements, disclosed to stock exchanges on February 24, are expected to guide stock-specific action during the February 25 trading session.