The stocks to watch today for December 04 include a mix of major steel expansions, long-term energy partnerships, renewable capacity additions, government-approved corporate actions, large project wins, and fresh quarterly performance updates. Several companies across infrastructure, energy, cement, fintech, and manufacturing announced material developments that could shape the share market today.
Share Market News – Highlights
- JSW Steel & JFE Steel Joint Venture
- Petronet LNG & ONGC Long-Term Agreement
- Indian Energy Exchange Performance Update
- JK Cement Capacity Expansion
- Pace Digitek Order Win
- RailTel Regional Information System Project
- Rail Vikas Nigam Traction Power Project
- Pine Labs Quarterly Results
- Nectar Lifesciences Share Buyback
- Reliance Strategic Business Ventures Acquisition
- InterGlobe Aviation Operational Update
- Notable Bulk Deals
JSW Steel & JFE Steel Announce Major Joint Venture
One of the most significant updates in the share market today comes from JSW Steel, which finalized a ₹15,750-crore partnership with Japan’s JFE Steel. Under this joint venture, the Bhushan Power & Steel integrated steel complex in Odisha will be transferred into a 50:50 structure. JFE Steel will infuse around 270 billion yen (₹15,750 crore), marking one of the largest-ever foreign investments in India’s steel sector.
The JV plans to enhance the crude steel capacity of the plant to 10 million tonnes per annum by 2030, leveraging the availability of the required land and infrastructure. This long-term strategic alignment signals an important step toward strengthening India's domestic steel-making capability.
ONGC & Petronet LNG Sign 15-Year Ethane Handling Agreement
ONGC and Petronet LNG entered into a binding term sheet for a 15-year ethane unloading, storage, and handling contract at Dahej. The agreement involves ONGC reserving 600 KTPA of capacity at Petronet’s upcoming ethane infrastructure, which includes a large 170,000 m³ ethane tank and a multi-cargo jetty.
Petronet estimates approximately ₹5,000 crore in gross revenue over the life of the agreement. The arrangement supports India’s petrochemical feedstock security and broadens Petronet’s long-term commercial visibility.
Indian Energy Exchange Reports Strong Electricity Trading Growth
Indian Energy Exchange (IEX) reported a 17.7% year-on-year increase in traded electricity volumes for November 2025, reaching 11,409 MU (excluding TRAS). Key market segments contributed as follows:
- Day-Ahead Market (DAM): 5,668 MU, up 0.3% YoY
- Real-Time Market (RTM): 4,233 MU, up 40.2% YoY
- RECs traded: 4.74 lakh certificates
The spike in real-time electricity demand reflects stronger short-cycle consumption trends and rising participation from distribution utilities.
JK Cement Doubles Panna Plant Clinker Capacity
JK Cement commissioned its 3.3 MnTPA Clinker Line-2 at the Panna facility in Bihar, expanding the plant’s total clinker capacity to 6.60 MnTPA. The brownfield expansion is expected to support upcoming grinding capacity additions and strengthen regional supply chains.
The company also acquired a 12.21% equity stake in O2 Renewable Energy for ₹5.2 crore to deepen its renewable energy footprint.
Pace Digitek Secures Battery Energy Storage Contract
Pace Digitek’s subsidiary, Lineage Power, obtained a ₹99.71-crore order from Advait Greenergy for lithium iron phosphate (LFP) energy storage systems. The contract covers supply of batteries and ancillary equipment on a DAP delivery basis. This reinforces the company's growing participation in the domestic energy storage market, which is expanding alongside renewable integration.
RailTel Wins Regional Information System Project
RailTel received a ₹48.78-crore work order from the Mumbai Metropolitan Region Development Authority (MMRDA). The mandate includes designing and implementing the Regional Information System and Urban Observatory for Mumbai, with execution planned until December 2027.
The contract strengthens RailTel’s role as a digital infrastructure partner for state and central agencies.
RVNL Receives Southern Railway Traction Upgrade Project
Rail Vikas Nigam Ltd (RVNL) won a ₹145.35-crore contract from Southern Railway for modern traction systems between Jolarpettai and Salem. The scope includes installing Scott-connected substations, power-quality systems, switching posts, and SCADA-supported automation.
The project aligns with Indian Railways’ Mission 3000 MT freight-loading target, aimed at enhancing efficiency and reliability across electrified corridors.
Pine Labs Returns to Profit in Q2
Fintech firm Pine Labs reported a consolidated net profit of ₹5.97 crore in Q2, reversing a loss of ₹32 crore in the previous year. Revenue increased 17.8% to ₹650 crore, driven by its issuing platform, affordability solutions, and online-payment volumes.
EBITDA rose to ₹75.3 crore, with margins improving from 5.8% to 11.6%, helped by lower depreciation and ESOP-related expenses.
Nectar Lifesciences Approves ₹81-Crore Share Buyback
Nectar Lifesciences announced an ₹81-crore buyback through the tender route at ₹27 per share. Up to three crore shares—representing 13.38% of paid-up capital—will be repurchased. Promoters have opted out of participating.
The company fixed December 24 as the record date for determining eligible shareholders.
Reliance Acquires 49% Stake in Oval Invincibles
Reliance Strategic Business Ventures (RSBVL) acquired a 49% shareholding in the Oval Invincibles franchise of The Hundred from the England & Wales Cricket Board for GBP 60.27 million. Beginning 2026, both the men's and women’s teams will be rebranded as MI London.
The acquisition extends Reliance’s global cricket footprint across international leagues.
InterGlobe Aviation Reports Operational Disruptions
IndiGo announced significant operational disruptions over the past two days, citing a combination of winter-related scheduling changes, temporary system issues, weather constraints, airspace congestion, and new Flight Duty Time Limitation (FDTL) rostering norms.
The airline stated that recovery measures were underway to stabilize operations.
Major Bulk Deals Recorded
National Highways Infra Trust
Nitro Asia Holdings II acquired 19.56 crore units of NHIT for ₹2,905.2 crore. CPP Investment Board Private Holdings (4) Inc. and 2452991 Ontario sold 9.78 crore units each as part of the transaction.
Uflex
First Water Fund acquired 3 lakh shares (0.4%) from K2 Family Private Trust at ₹477 per share, adding to its September 2025 holding of 2.47%.
Other Market Updates
- Engineers India trades ex-dividend today.
- Patel Engineering trades ex-rights.
- Sammaan Capital remains in the F&O ban list.
These developments collectively highlight operational momentum, capital allocation decisions, infrastructure upgrades, and energy-sector long-term contracting trends that are shaping the share market today.
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