Tata Power signed agreements for Bhutan’s ₹13,100-crore hydropower project, while Tata Chemicals announced major capacity expansions. Natco received FDA observations, HG Infra and RVNL emerged as L1 bidders for metro and railway projects. Lemon Tree added a new Bhopal property, and Sandur Manganese secured MPAP allocation. Here are few stocks to track ahead of Monday's trading session.
By Megha Rani November 23, 2025, 10:34:16 AM IST (Published)

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Tata Power | The company said it has signed commercial agreements with Druk Green Power Corporation (DGPC) to jointly develop Bhutan’s 1,125 MW Dorjilung hydropower project. The project will be executed via an SPV where DGPC will hold 60% and Tata Power 40%. With a total cost of ₹13,100 crore, it will be Bhutan’s second-largest hydropower project.

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Tata Chemicals Ltd | The company said it has approved fresh investments to expand capacities at two major plants. The company will spend ₹135 crore to boost dense soda ash output by 350 ktpa at its Mithapur facility over 24 months, and ₹775 crore to increase precipitated silica capacity by 50 ktpa at its Cuddalore plant over 27 months.

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Natco Pharma | The company said the US FDA has issued seven procedural observations after inspecting its Manali API unit, with the company confident of addressing them.

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HG Infra Engineering | The construction firm, said it has emerged as the L1 bidder, jointly with Kalpataru Projects , for a ₹1,415-crore metro project in Thane. The JV—HG Infra (40%) and Kalpataru (60%)—will design and build a 20.5 km elevated viaduct, including the depot approach and special spans, under the Thane Integral Ring Metro Project.

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RVNL | State-owned company said it has emerged as the L1 bidder for a ₹180.77-crore Northern Railway project to upgrade the UTR–MWP section with OHE modification and feeder wire work for a 2x25 kV traction system. The 184 RKM/368 TKM project in the Lucknow division will be executed over 24 months.

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Samvardhana Motherson | The company’s German subsidiary has been fined €56,319 (about ₹57.69 lakh) by Finanzamt Karlsruhe Stadt for delayed VAT and payroll tax payments for September 2025.

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Lemon Tree Hotels | Signed a new Keys Select property in Bhopal, further expanding its presence in Madhya Pradesh. The hotel will be managed by its subsidiary, Carnation Hotels.

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Sandur Manganese and Iron Ores Ltd | The company said it has received the maximum permissible annual production (MPAP) allocation for its mining lease (No. 2679) from the Supreme Court–appointed Monitoring Committee. The approval letter, dated November 20, was received on November 21.

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