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 has been declared the lowest bidder for a significant INR 15.82 billion project, which suggests strong prospects for revenue growth and could bolster investor confidence in infrastructure spending in India.

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PBoC auctions 3-month and 1-year yuan bills in Hong Kong at 1.53% and 1.47, respectively

HSBC (5 HK) Q4 (USD) net 4.7bln (prev. 197mln), pre-tax profit 6.8bln (prev. 2.3bln), NII 9.2bln (prev. 8.2bln), FY profit after tax 23.1bln (prev. 25.0bln Y/Y), rev. rose 4% Y/Y to 68.3bln

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

US President Trump says Iran is working on missiles that could soon reach the US, and noted Iran wants to make a deal but hasn't yet said that it won't pursue nuclear weapons, reiterates his preference is to resolve Iran nuclear issue via diplomacy

Japan sells JPY 249.2bln in 20yr, 30yr and 40yr JGBs in enhanced liquidity auction; b/c 3.18 (Prev. 3.32)

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Dr Reddy's Laboratories (DRRD IS) – Co. received letter from US SEC concluding investigation with no enforcement action recommended. (Moneycontrol)

Hexaware Technologies (HEXW IS) – Co. expanded collaboration with Amazon Web Services to deliver AI-enabled SDLC capabilities and accelerate cloud and AI-led transformation. (Moneycontrol)

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)

Hindalco Industries (HNDL IS) – Co.’s unit Novelis entered subscription agreement under which AV Minerals will purchase shares for USD 200mln at USD 150 per share. (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)

Lupin (LPC 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)

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 (WAAREEN IS) – Co.’s subsidiary received LoA from SECI for development of a 300MW wind power project in Gujarat. (Moneycontrol)

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This development may also impact sentiment towards the broader sector, as successful contract awards can signal a favorable environment for upcoming projects.

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