Adani Power, SAIL, and Power Grid lead stocks to watch as market focus turns to key corporate updates

Indian stock market investors are tracking several major companies following key business developments, new orders, fundraising plans, and investment decisions announced after market hours.

Market Context

Indian equities have extended their decline for a seventh straight week. Investor sentiment is being weighed down by high crude oil prices, rising US Treasury yields, and regulatory concerns in parts of the financial sector. Global macroeconomic cues are expected to remain a key factor influencing market direction in the coming week.

Corporate Developments

Adani Power has completed the merger of ten wholly owned subsidiaries into the company as part of a group restructuring exercise, which came into effect on September 25, 2026. State-owned Steel Authority of India Ltd (SAIL) and Bharat Coking Coal Ltd (BCCL) have signed a Memorandum of Understanding to jointly develop and operate two coal blocks in West Bengal. Sedemac Mechatronics has started limited commercial production at its new manufacturing facility in Shinde village, Khed taluka, Pune district, Maharashtra.

Financial Actions

The board of Power Grid has approved a proposal to raise up to 10,000 crore rupees through an unsecured rupee term loan or line of credit from the State Bank of India. Cupid's board approved the conversion of up to 30 lakh warrants into an equivalent number of equity shares of Baazar Style Retail Ltd. KPI Green Energy's subsidiary SDEL completed the acquisition of over 1.07 crore equity shares of DMGEL, representing a 62.91 percent stake, on September 26. Aequs Ltd announced that its board approved a preferential issue of over 2.80 crore warrants to Mellwood Trustee Services Private Limited.

Regulatory and Plant Updates

The United States Food and Drug Administration inspected Unichem Lab's Goa formulation facility in Pilerne, Bardez, between September 21 and September 26. Rashtriya Chemicals and Fertilizers Ltd approved a purchase order worth 797 crore rupees, excluding taxes, with Larsen & Toubro Ltd to revamp its ammonia plant. Sunteck Realty received a show-cause notice from the Department of Goods and Services Tax for the 2023 financial year, involving a total demand of 59.44 crore rupees including interest and penalty.