PRE-MARKET INDIAN STOCKS NEWS: HG Infra Engineering (HGINFRA IS) was declared lowest bidder by NHAI for a Capital Region Ring Road project worth INR 15.82bln

HG Infra Engineering (HGINFRA IS) – Co. has been declared lowest bidder by NHAI for a Capital Region Ring Road project worth INR 15.82bln under hybrid annuity mode in Odisha. (Moneycontrol)Indian Railway Finance Corporation (IRFC IS) – Government of India to sell up to a 2% stake via OFS at a floor price of INR 104 per share. (Moneycontrol)Aditya Infotech (ADITYA IS) – Promoters and Dixon Technologies likely to sell up to a 5.8% stake via block deal worth around INR 10.0bln, while promoters to divest up to a 2% stake to meet minimum public shareholding norms (prev. promoter holding 76.74%). (Moneycontrol)Rail Vikas Nigam (RVNL IS) – Co. received LoA from Central Railway for order worth INR 2.70bln involving design and commissioning of traction substation and related systems. (Moneycontrol)Waaree Energies (WAAREE IS) – Co.’s subsidiary received LoA from SECI for development of a 300MW wind power project in Gujarat. (Moneycontrol)Hindalco Industries (HINDALCO IS) – Co.’s unit Novelis entered subscription agreement under which AV Minerals will purchase shares for USD 200mln at USD 150 per share. (Moneycontrol)Lupin (LUPIN IS) – Co. received US FDA approval for ANDA of Brivaracetam Oral Solution 10mg/mL; reference drug had estimated annual US sales of USD 135mln. (Moneycontrol)Hexaware Technologies (HEXT IS) – Co. expanded collaboration with Amazon Web Services to deliver AI-enabled SDLC capabilities and accelerate cloud and AI-led transformation. (Moneycontrol)Dr Reddy's Laboratories (DRREDDY IS) – Co. received letter from US SEC concluding investigation with no enforcement action recommended. (Moneycontrol)