A dozen stocks, including PSU names SAIL, IREDA, Power Grid, Mazagon Dock and ONGC, to remain in focus on Monday

SAIL and Indonesia-based PT Krakatau Steel, which have signed an MoU to set up a joint venture, are exploring a stainless steel project with a capacity of 500,000 tonnes to 1 million tonnes under the proposed JV, a source with direct knowledge of the plans said. Earlier this week, the steel PSU and the Indonesian entity signed a memorandum of understanding to explore a joint venture to manufacture stainless steel slabs to meet the commodity’s increasing demand in India.

Indian Renewable Energy Development Agency (IREDA) has classified the loan accounts of Gensol Engineering Ltd and its subsidiary, Gensol EV Lease Ltd, as fraud and reported the matter to the Reserve Bank of India (RBI), escalating regulatory action against the embattled renewable energy company. In a stock exchange filing on Friday, IREDA said the accounts had been declared as fraudulent in accordance with the RBI’s Master Direction on Fraud Risk Management for non-banking financial companies. The lender said the action follows its earlier disclosures relating to the borrowers.

Power Grid Corporation of India Ltd has secured a major Inter-State Transmission System (ISTS) contract under the Tariff-Based Competitive Bidding (TBCB) framework. The enterprise received the formal Letter of Intent (LoI) on July 10, 2026, solidifying its selection for the project titled “Transmission System for integration of Krishnagiri REZ Phase-I.”

In the infrastructure sector, RITES Limited has secured a major consultancy assignment as part of a consortium for the implementation of the Patna Metro Rail Construction Project. The contract has been awarded by Patna Metro Rail Corporation Ltd, with RITES’ share in the project valued at approximately ₹79.22 crore, excluding GST.

Lemon Tree Hotels has terminated the Hotel Operating Agreement (HOA) for Lemon Tree Hotel, Hubli, due to a material breach of terms by the property owner, HRK Hospitality. The company issued a termination letter on July 10, with the termination set to become effective five business days after the date of the letter.

Mazagon Dock Shipbuilders Ltd (MDL)-built INS Mahendragiri, the fourth stealth frigate under Project 17A, was commissioned into the Indian Navy on Saturday. The 6,400-tonne vessel, measuring 149 metres in length, features approximately 75% indigenous content and a CODOG propulsion system enabling speeds exceeding 28 knots. Its construction recorded a 21% reduction in build period compared to the First-of-Class ship, reinforcing India’s Atmanirbhar Bharat defence manufacturing objectives.

Nuvoco Vistas has announced the inauguration of a 2 million tonnes per annum (MMTPA) cement grinding capacity at its Limla cement plant in Surat, which will help it strengthen its footprint in Western states. The Nirma Group firm acquired the Limla plant through the acquisition of Vadraj Cement Limited (VCL) a year ago.

JSW Energy said that its step-down subsidiary, JSW Energy PSP Eleven (JEPEL), has secured orders worth Rs 443.74 crore from Bondada Renewable Energy for the supply of Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions. Bondada Renewable Energy is a wholly owned subsidiary of Bondada Engineering.

Advait Energy Transition has secured new orders worth over Rs 251 crore in the domestic market. The four projects secured from Paschim Gujarat Vij Company Ltd (PGVCL) will be completed within 18 months, the company said in a regulatory filing. The orders include converting 11 kV HT and LT line networks into underground cable networks at various locations in Gujarat, the company informed the stock exchanges.

The Oil and Natural Gas Corporation (ONGC) has given in-principle approval to develop a 1.75 million tonne strategic petroleum reserve at Mangaluru, expanding India’s emergency crude oil storage capacity. The project, along with associated facilities, will be developed as the Phase-I extension of the Mangaluru strategic petroleum reserve, the company said in a stock...