Daily filing brief

Premier Energies Solar Facility, Dilip Buildcon Transmission Project and 8 More Updates — 21 September 2026

By Daily BrieferPublished Updated

Premier Energies commissioned a 7 GW solar cell facility at Naidupeta, while Dilip Buildcon detailed a BOOT-based transmission project. Our 21 September 2026 edition brings together 10 important BSE and NSE announcements, including capacity, order and financing updates.

  1. Premier Energies Ltd

    Premier Energies commissions India's largest solar cell facility, total capacity to 10.6 GW

    Press Release / Media Release

    Operational milestones

    • Commissioned 7 GW N-type TOPCon G12R facility at Naidupeta, Andhra Pradesh.
    • Total solar cell capacity increased to 10.6 GW, India's largest.
    • Capex for Naidupeta facility ₹3,293 crore.
    • Facility spans 101 acres with 88,000 cells/hour throughput.
    • Target efficiency ~25.8% after stabilisation and ramp-up.
    • ZLD system designed for water recycling.
    • Potential upgrades to TOPCon+ technologies planned.
    • ₹12,500 crore capex program planned over three years.
    • Backward integration into ingots and wafers planned.

    Strategic outlook

    • Backwards integration into ingots and wafers aligns with a fully integrated platform.
    • Line stabilisation expected to improve supply reliability and operating efficiency.
    • Company aims to address growing demand for high-efficiency solar products in domestic and international markets.
    View source

  2. Dilip Buildcon Ltd

    DBL named L-1 bidder for 1265 crore BOOT intra-state transmission project in Maharashtra

    Award of Order / Receipt of Order

    Order details

    • Awarding entity: REC Power Development and Consultancy Limited (RECPDCL) on behalf of Maharashtra State Transmission Utility.
    • Nature and scope: BOOT-based build, own, operate, transfer of 400 kV GIS Solapur/Paranda Switching Station.
    • Contract value: INR 1265 crore excluding GST.
    • Execution window: 24 months construction and commissioning from Effective Date.
    • Contract form: Build-Own-Operate-Transfer (BOOT) under Tariff Based Competitive Bidding (TBCB).
    • Promoter/related party: No promoter group interest; not a related party.
    • Project tenor: 35-year concession from COD.
    • Domestic: Awarding entity is domestic.
    View source

  3. Lloyds Metals And Energy Limited

    Lloyds Metals approves ESOP allotment, NCD issuance, and DRI capacity expansion

    Allotment of Securities

    ESOP Share Allotment

    • Board approves allotment of 141,969 equity shares to Lloyds Employees Welfare Trust at Rs 4 per share.
    • These shares rank pari-passu with existing shares.

    NCD Issuance

    • Board approves private placement of two NCDs aggregating Rs 600 crore and Rs 950 crore.
    • Subject to regulatory approvals; within earlier approvals dated May 5, 2026 and Oct 13 2025.

    DRI Plant Capacity Expansion

    • Ghugus DRI plant capacity increased to 815,000 MTPA.
    • Konsari DRI plant capacity increased to 92,400 MTPA.
    • Total DRI capacity will exceed 9,00,000 MTPA.
    • Expansion via debottlenecking and process optimization.
    View source

  4. Piramal Finance Ltd

    Piramal Finance Q1 FY27: AUM grew 32% YoY, strong profitability, and robust liquidity metrics

    Investor Presentation

    Business overview

    • Piramal Finance is a multi-product retailer and wholesale lender with AI-enabled platforms.
    • Post-merger with Piramal Enterprises, Growth AUM and AI drive scale.
    • Retail AUM dominates growth; expanding branch network and unsecured lending.
    • Gold loans launched; Phase 2 rollout and 200 branches target by FY27.

    Operational highlights

    • Retail AUM up 32% YoY to ₹91,249 Cr; AUM mix 85:15.
    • Total AUM ₹1,06,940 Cr; Growth AUM up 32% YoY.
    • Branch network expanded to 780 branches across 26 states.
    • Gold loans started; ₹6 Cr in first full month (Jun-26).
    • Unsecured disbursements grew; cross-sell 25–30% of unsecured disbursals.
    • Total customer franchise reached 6 million.

    Financial performance

    • Total income ₹1,693 Cr, up 37% YoY.
    • Net interest income ₹1,442 Cr, up 43% YoY.
    • PPOP ₹804 Cr, up 89% YoY.
    • Net profit ₹461 Cr, up 67% YoY; exceptional items ₹1,590 Cr.
    • AUM ₹95,369 Cr; gross debt ₹82,345 Cr; net worth ₹28,906 Cr.
    • Capital adequacy 18.85%; GNPA 2.4%; NNPA 1.6%.

    Capital structure & liquidity

    • Debt-to-equity ratio 2.8x; cash & liquid investments ₹6,925 Cr.
    • LCR 553% on period average.
    • Total provisions ₹2,167 Cr; provision coverage 2.3% of total AUM.

    Strategic priorities & outlook

    • AI-native growth strategy; Piramal.ai deployed across five business areas.
    • Growth AUM target; maintain stable risk and strong CX.
    • Cost-to-income ratio trend improving; opex up 10% YoY.
    • Gold loan expansion to 200 branches; broaden rural and tier-2 markets.

    Risks & governance

    • Asset quality remains a focus; delinquency metrics monitored with provisions.
    • Regulatory and macro risks inherent in lending; forward-looking statements disclosed.
    • No material governance changes disclosed; merger integration completed post-Sept 2025.

    Governance & leadership

    • Merger with Piramal Enterprises completed prior to Q1 FY27.
    • IR contacts disclosed for investor inquiries.
    View source

  5. Samvardhana Motherson International Ltd

    Samvardhana Motherson to acquire 50.1% RCPL via cash deal; RCPL to become indirect subsidiary

    Acquisition

    Target at a glance

    • Target: Rotary Connectors Private Limited, manufacturing military-grade circular connectors.
    • Industry: Aerospace and Defence.
    • Turnover FY2025-26: INR 1,235 million.
    • Presence: three facilities in Bengaluru, India.
    • Incorporation: December 8, 2005.
    • Turnover history: FY2024 752; FY2025 1,028; FY2026 (unaudited) 1,235.

    Deal terms

    • Acquirer SMAST to hold 50.1% equity in RCPL; RCPL becomes indirect subsidiary.
    • Promoters retain 49.9% stake in RCPL.
    • Consideration: cash; Enterprise Value INR 5,004 million.
    • Equity value to be determined on locked-box date with net cash adjustments.
    • Completion targeted by Q4 FY2026-27, subject to conditions precedent.
    • Regulatory approvals: none required.
    • Not a related-party transaction.
    • Industry: Aerospace and Defence.

    Strategic rationale & background

    • Rationale: diversify and scale EWIS within Aerospace and Defence.
    • Leverages Motherson footprint, geographic reach, and customer access to accelerate RCPL growth.
    • RCPL background: circular connectors and interconnection solutions; incorporated 2005; three Bengaluru facilities.
    View source

  6. Neogen Chemicals Ltd

    Neogen raises approximately INR 600 crore via first-ever QIP; oversubscribed 6.5x

    Press Release / Media Release

    QIP highlights and capital allocation

    • Completed first-ever QIP raising around INR 600 crore; oversubscribed 6.5x.
    • 26,60,753 equity shares allotted at INR 2,255 per share.
    • Paid-up equity share capital increased to INR 30.04 crore.
    • Proceeds to repay borrowings and fund working capital and general corporate purposes.
    • Lead managers were Inga Ventures, IIFL Capital Services, Kotak Mahindra Capital.
    • Legal counsel: Trilegal.
    • Aim to reduce indebtedness and improve debt-to-equity ratio.
    View source

  7. Pace Digitek Ltd

    NTPC GE Power Services Private Limited awards Lineage Power private subsidiary Rs 4,884.61 million BESS order

    Award of Order / Receipt of Order

    Order details

    • Awarding entity: NTPC GE Power Services Private Limited.
    • Scope: Supply, delivery, testing, and supervision of erection, testing, and commissioning of 5.015 MWh BESS containers with BMS/EMS.
    • Value: Rs. 4,884.61 million, inclusive of taxes.
    • Completion: To be completed by December 31, 2026.
    • Domestic entity: NTPC GE Power Services is a domestic entity.
    • Related party: No promoter/group interest.
    • Impact: Material order for Lineage Power; potential impact on order book.
    View source

  8. Jai Balaji Industries Limited

    CRISIL downgrades Jai Balaji Industries' bank loan ratings to BBB/Stable and A3+ for Rs 995 crore facilities

    Credit Rating

    Rating Action

    • Long-term rating downgraded to BBB/Stable.
    • Short-term rating downgraded to A3+.

    Instruments & Ratings

    • Total bank loan facilities rated: Rs 995 crore.
    • Long-term rating: CRISIL BBB/Stable.
    • Short-term rating: CRISIL A3+.

    Rating Agency

    • CRISIL is the rating agency.

    Outlook

    • Long-term outlook: Stable.

    Rationale / Changes

    • Rationale not disclosed in filing.
    • Downgrade: long-term from BBB-+/Stable to BBB/Stable.
    • Downgrade: short-term from A2 to A3+.
    View source

  9. Biocon Ltd

    Biocon Biologics receives EMA CHMP positive opinion for Pebrilzo Pertuzumab biosimilar

    Press Release / Media Release

    Regulatory milestone

    • EMA CHMP issues positive opinion recommending Pebrilzo marketing authorization (Pertuzumab biosimilar) for HER2-positive breast cancer.
    • Final European Commission decision expected; if positive, SmPC and EPAR will be published.
    View source

  10. Aarti Industries Ltd

    Aarti Industries reports 30% FY26 volume growth; Zone IV commissioning and upstream integration planned

    Investor Presentation

    Business Overview

    • Integrated specialty chemicals company with Nitro Chloro Benzenes, DCB, NCB, PDA, NT, MMA value chains.
    • Strategically located in western India with port access and strong R&D/IP.
    • FY26 volumes grew over 30%; margins pressured by competitive landscape.

    Operational Highlights

    • MMA capacity expanded 200→290 kTPA in FY26, to 360 kTPA in Q1FY27.
    • Zone IV project underway; commissioning targeted FY27.
    • DCA JV with Superform; plastics recycling; commissioning H1 FY27.
    • Augene and Re Aarti JV under execution; commissioning FY27.
    • Exclusive backward integration with global customer; ₹200-250 crore investment.
    • US$150 million multi-year supply contract till March 2030.
    • Revenue FY26 ₹9018 crore; volumes rising; export mix improving.

    Financial Performance

    • FY26 volumes grew >30%; EBITDA growth muted due to margins.
    • Exceptional income ₹29 crore; exceptional expense ₹22 crore.
    • Working capital and debt rose due to RM price spike amid West Asia conflict.
    • Fixed and variable cost improvements totalling ₹100 crore; benefits to accrue with volumes.

    Capital Structure & Liquidity

    • Debt levels increased; working capital higher due to raw material costs.
    • Capex plan: ₹300-450 crore for growth; all projects to commission FY27.
    • Upstream integration capex: ₹200-250 crore over next two years.
    • US$150 million contract to support capacity utilization without significant capex.

    Strategic Priorities & Outlook

    • Zone IV commissioning and MPP commercialization to drive near-term growth.
    • Explore adjacent markets: advanced materials, battery materials, defense, coatings.
    • CDMO partnerships; leverage India manufacturing to attract client investments.
    • Target FY27 completion of major projects; EBITDA uplift from upstream integration.
    • Sustainability: 70% renewable energy target by FY27.

    Risks & Mitigation

    • PDA production constrained by US tariffs and China competition.
    • Raw material price volatility due to regional conflicts; mitigated by cost-saving measures.
    View source