RVNL, Mazagon Dock, Tata Motors in focus after key updates

Rail Vikas Nigam (RVNL) announced on Friday that it has secured a ₹903 crore Letter of Award from SJVN Thermal Private Limited for works related to the 1,320 MW Buxar Thermal Power Project in Bihar.

Mazagon Dock Shipbuilders received a ₹118 crore purchase order from Maharashtra State Electricity Transmission Company Limited (MSETCL) for the supply, installation and commissioning of an AI-based Comprehensive Infrasecure Project across five substations.

Tata Motors Commercial Vehicles has launched an open offer to acquire shares of Italian automotive major Iveco Group at €14.1 per share, valuing the company at approximately €3.82 billion.

JSW Steel reported a 3% year-on-year increase in consolidated crude steel production, which stood at 24.65 lakh tonnes in August 2026.

Lupin announced it has received approval from the United States Food and Drug Administration (US FDA) for Modafinil Tablets USP in 100 mg and 200 mg strengths.

Other companies in focus include Brigade Enterprises, which launched Brigade Barcelona in Hyderabad’s Neopolis with a revenue potential of over ₹2,700 crore; Eicher Motors, which introduced the Himalayan 440 motorcycle in India at an ex-showroom price of ₹2.29 lakh; Lemon Tree Hotels, which entered licence agreements for two properties in Bodhgaya adding 145 rooms; and CIE Automotive India, which invested ₹120.76 crore in its wholly owned subsidiary CIE Hosur Limited through the acquisition of 69.4 lakh equity shares on a rights basis.

Indian equity markets ended the week on a cautious note, extending their corrective trend as elevated crude oil prices, renewed geopolitical tensions and uncertainty over the global interest-rate outlook continued to weigh on investor sentiment. While benchmark indices staged a recovery on Friday, snapping a four-session losing streak, the gains remained limited amid persistent foreign investor selling and concerns over the impact of higher energy costs.

For the week, the Nifty 50 declined around 1.15% to close at 23,897.70, while the Sensex slipped nearly 1.0% to settle at 76,515.43. Both benchmark indices registered their fourth consecutive weekly decline, underscoring continued weakness in the broader market despite selective buying in individual stocks.