Stocks to Watch on February 25: Biocon, NTPC Green Energy, LIC, Texmaco Rail and more

1 / 8Biocon | Biotechnology firm said its unit Biocon Biologics announced the US market availability of YESINTEK (ustekinumab-kfce), a biosimilar to Stelara (ustekinumab). This makes YESINTEK one of the first biosimilar alternatives to enter the US market for the blockbuster immunology drug. YESINTEK is approved for the treatment of Crohn’s disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis, increasing patient access to more cost-effective treatment options for use in the treatment of common chronic autoimmune diseases.2 / 8NTPC Green Energy | The renewable energy arm of NTPC said it signed a Memorandum of Understanding (MoU) with Madhya Pradesh Power Generating Company Ltd (MPPGCL) at the Global Investors Summit in Bhopal to develop renewable energy parks and projects in the state. The MoU aims to establish solar, wind, and hybrid renewable projects with or without storage, with a targeted capacity of up to 20 W or more in Madhya Pradesh.3 / 8LIC | State-owned company said it has received a demand order from the Assistant Commissioner, Ward 206, Zone 11, Delhi, seeking ₹57.28 crore in Goods & Services Tax (GST), interest, and penalties for the financial year 2020-21. The notice includes a GST demand of ₹31.04 crore, interest of ₹23.13 crore, and a penalty of ₹3.10 crore, citing excess Input Tax Credit (ITC) availed by the corporation.4 / 8Texmaco Rail and Engineering | Engineering company said it has signed a strategic Memorandum of Understanding (MoU) with Polish technology firm Nevomo to develop next-generation Magrail technology, linear propulsion systems, and AI-powered railway innovations. This agreement heralds a new era of rail infrastructure innovation, high-speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains to revolutionise mobility in India and on the global stage.5 / 8UPL | Agrochemicals major announced that its step-down subsidiary, UPL Global Ltd, UK, has made a further investment in Origeo Comercio de Produtos Agropecuarios S.A., a joint venture in Brazil. The investment aims to support Origeo’s working capital requirements and sustain its business growth. Origeo, established on July 29, 2021, provides integrated agricultural solutions, including inputs, services, financing, and technical support for farmers in Brazil.6 / 8Shree Cement | Rajasthan-based company said it has received a Goods and Services Tax (GST) demand order from the Deputy Commissioner, State Tax, Special Circle, Patna, Bihar, seeking a total of ₹41.10 crore, including tax, interest, and penalties. The demand order, issued in Form GST DRC-07, includes a tax demand of ₹23.55 crore, interest of ₹15.19 crore, and a penalty of ₹2.35 crore.7 / 8ONGC | State-owned company said it has approved an investment of ₹1,200 crore in its wholly owned subsidiary, ONGC Green Ltd (OGL), through a Rights Offer of equity shares. The decision was taken at the company’s Board meeting on February 24, 2025. The funds will be utilised by OGL for the acquisition of a 100% equity stake in PTC Energy Limited, as per the Share Purchase Agreement signed on September 13, 2024.8 / 8IREDA | State-owned company said its shareholders have approved a plan to raise up to ₹5,000 crore through a Qualified Institutions Placement (QIP) of equity shares. The fundraising, which will be executed in one or multiple tranches, includes a dilution of the Government of India’s shareholding in IREDA by up to 7% post-issue. The proposal was previously cleared by the company’s board on January 23, 2025.

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