Corporate Giants Expand: GP Petroleums Acquires Rs 30 Crore Warehouse, Kesar India Boosts Nagpur Holdings

Multiple major companies are capturing market attention on January 27 following the release of quarterly earnings and significant corporate developments. The day's focus centers on strong financial performances, strategic acquisitions, and major business transactions across various sectors.

GP Petroleums, a leading player in the energy sector, has made a strategic move by acquiring a Rs 30 crore warehouse. This acquisition is expected to bolster the company's logistics and supply chain capabilities, enhancing its operational efficiency and market reach. The new facility will serve as a key hub for storing and distributing petroleum products, ensuring timely delivery to customers and reducing operational costs.

Kesar India, a prominent player in the real estate and infrastructure sectors, has significantly expanded its land portfolio through a strategic acquisition in Nagpur, Maharashtra. The company has acquired a substantial plot of land, which will be used for developing residential and commercial projects. This move underscores Kesar India's commitment to expanding its footprint in one of the fastest-growing cities in the region. The acquisition is expected to drive the company's growth and enhance its market position.

Axis Bank delivered solid Q3 results with profit rising 3% to Rs 6,489.6 crore compared to Rs 6,303.8 crore in the previous year. The bank's operational metrics showed steady improvement across key parameters, including a 5% increase in net interest income to Rs 14,286.6 crore. Kotak Mahindra Bank also reported positive results with profit increasing 4.3% to Rs 3,446.1 crore, while net interest income grew 5.1% to Rs 7,564.6 crore. The bank's board approved fundraising of up to Rs 15,000 crore via non-convertible debentures on a private placement basis in FY27.

In contrast, IndusInd Bank faced challenges with profit declining 88.5% to Rs 161.2 crore, while provisions and contingencies jumped 19.8% to Rs 2,088.6 crore. Despite these setbacks, the bank remains committed to its long-term growth strategy and is focusing on strengthening its risk management practices.

UltraTech Cement emerged as a standout performer with consolidated profit jumping 26.8% to Rs 1,729.4 crore, supported by revenue growth of 22.8% to Rs 21,829.7 crore. The energy sector showed remarkable performance, with JSW Energy reporting profit growth of 150.2% to Rs 419.9 crore and revenue surging 67.4% to Rs 4,081.8 crore. Bharat Petroleum Corporation delivered exceptional results with profit spiking 88.9% to Rs 7,188.4 crore.

PVR Inox completed a significant divestment by selling its entire investment in subsidiary Zea Maize Private Limited, which operates the 4700BC premium snacking brand, to Marico for Rs 226.8 crore in an all-cash transaction. This move is expected to strengthen PVR Inox's financial position and allow it to focus on its core cinema business.

Waaree Renewable Technologies announced plans to acquire approximately 55% stake in Associated Power Structures for Rs 1,225 crore through a mix of primary and secondary transactions. The target company operates in power transmission and distribution within the infrastructure sector. This acquisition is expected to enhance Waaree's capabilities in the renewable energy sector and drive long-term growth.

Torrent Pharmaceuticals expanded its stake in JB Chemicals by acquiring 37.82 lakh equity shares representing a 2.36% stake from company employees. This acquisition brings Torrent's total holding to 7.82 crore equity shares, equivalent to a 48.75% stake in JB Chemicals. This move is expected to strengthen Torrent's presence in the pharmaceuticals market and enhance its product portfolio.

HCL Technologies signed a definitive agreement to acquire Finergic Solutions Pte, a Singapore-based wealth consulting firm, for 19 million Singapore dollars. The transaction is expected to close by April 30, 2026. This acquisition will expand HCL Technologies' offerings in the wealth management and financial services sectors.

Jayaswal Neco Industries entered into a Memorandum of Understanding with the Government of Maharashtra for establishing a two-million-tonne-per-annum steel plant in Gadchiroli, Maharashtra, with an investment of Rs 12,262 crore. This project is expected to create significant employment opportunities and contribute to the economic development of the region.

Zydus Lifesciences completed a US FDA inspection at its Unit-2 manufacturing plant in Ankleshwar, Gujarat, from January 19 to 23, concluding with three observations and no data integrity-related issues. This positive outcome reinforces the company's commitment to maintaining high standards of quality and compliance.

Torrent Pharmaceuticals received positive regulatory news as the US FDA concluded its inspection of the company's Dahej facility with zero observations following an inspection conducted from January 19 to 23. This clean inspection report is a testament to the company's robust quality management systems and operational excellence.

Paradeep Phosphates faced regulatory challenges as the company received a Seizure Memo from the Customs Department for 25,000 metric tonnes of technical-grade urea worth Rs 103.30 crore, which was imported for NPK fertiliser manufacturing. The company is working closely with the authorities to resolve the issue and ensure compliance with all regulations.