The stock market is gearing up for sharp movements today as Swiggy raises its platform fee, BHEL lands a massive power project order, and Poly Medicure seals a major overseas deal. Prestige Estate faces a tax notice while RailTel secures a government contract, setting the stage for action across multiple sectors.
BHEL bags Rs 2,600 crore power project order
Bharat Heavy Electricals Ltd (BHEL) said it has won a Letter of Intent (LoI) worth Rs 2,600 crore from MB Power. The order covers the supply of key equipment for MB Power’s 800 MW Anuppur thermal power project in Madhya Pradesh.
The company confirmed that the equipment will be based on super-critical technology, which allows higher efficiency and lower emissions compared to older thermal units. The manufacturing will be carried out at its Trichy and Haridwar facilities, with delivery timelines stretching to 58 months.
This order strengthens BHEL’s standing in the domestic power equipment market at a time when fresh orders have slowed in recent years. Investors are expected to watch the stock closely as this long-term project adds to the company’s order book visibility.
Swiggy raises platform fee to Rs 15 per order
Food delivery platform Swiggy has hiked its platform fee to Rs 15 per order, marking its third increase in three weeks and the steepest so far. The hike applies to all users, including subscribers of its loyalty program.
The move comes ahead of India’s festive season when food delivery volumes traditionally surge. By pushing through higher charges, Swiggy aims to lift margins while riding on strong demand.
For consumers, the back-to-back increases may feel steep. A month ago, the fee was around Rs 5. With the new rate, a family placing multiple orders per week will see a visible rise in monthly spending on deliveries.
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Platform fee now: Rs 15 per order
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Fee one month ago: Rs 5 per order
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Total hikes: 3 times in 3 weeks
Investors view the step as a bold signal that the company is prioritizing profitability over aggressive discounting. It may also set a tone for rivals as competition heats up in the food delivery space.
Poly Medicure buys majority stake in Dutch firm
Medical devices maker Poly Medicure announced an agreement to acquire up to 90 percent stake in Netherlands-based PendraCare Group for Rs 188.50 crore. The deal gives the Indian company a foothold in Europe’s growing cardiovascular device market.
The company said the remaining 10 percent stake will be acquired in 2030, with the price linked to PendraCare’s EBITDA in calendar year 2029. Such staggered buyouts are common in cross-border acquisitions to align incentives of the founders with long-term growth.
By expanding in Europe, Poly Medicure can diversify revenues beyond India and tap into advanced R&D capabilities in the Netherlands. The stock may see traction today as global expansion signals stronger future earnings potential.
Prestige Estate under GST department scrutiny
Prestige Estate Projects Ltd said its unit Prestige Office Ventures has received a show-cause notice from the Directorate General of GST Intelligence (DGGI), Hyderabad. The notice highlights a potential shortfall in tax payments and issues with input credit claims between February 2020 and March 2024.
While the company has not disclosed the quantum of demand, such notices often trigger concerns around contingent liabilities. Real estate stocks are sensitive to regulatory actions, and any adverse outcome could weigh on Prestige Estate’s near-term sentiment.
Tax scrutiny adds uncertainty at a time when real estate firms are pushing new launches and facing high input costs. Investors will watch closely for the company’s response and possible financial implications.
RailTel wins Rs 14.94 crore surveillance contract
RailTel Corporation of India said it has secured an order worth Rs 14.94 crore from the Ministry of Home Affairs. The order covers the supply, installation, and maintenance of IP-based CCTV surveillance systems.
The project adds to RailTel’s steady flow of government contracts in the fields of communication and security technology. Although the order size is modest compared to larger infrastructure projects, such deals strengthen RailTel’s positioning in the digital services sector.
The company has been expanding its portfolio beyond railways, focusing on areas like data centers, broadband services, and surveillance networks. This latest win underscores RailTel’s role in India’s growing digital infrastructure push.
What this means for investors
Today’s stock action will likely see:
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BHEL supported by its Rs 2,600 crore power order.
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Swiggy-related market discussions on higher platform fees and consumer impact.
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Poly Medicure gaining from its overseas expansion move.
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Prestige Estate under pressure due to the GST notice.
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RailTel drawing steady interest on new government contracts.
For traders, the day may offer opportunities across power, real estate, healthcare, digital services, and consumer tech sectors.
As the market reacts, one thing is clear: corporate actions and regulatory updates are shaping investor sentiment as much as earnings or macroeconomic data.
The coming weeks will reveal whether these companies can turn announcements into sustainable growth or face new challenges along the way. What do you think about these moves? Share your thoughts with friends on social media and spark the debate.
