Govt approves multiple schemes, Mazagon Dock's $39 million contract, & more - Groww Digest
Wednesday, 18 March 2026
Markets opened above yesterday’s closing point.
All sectorsʼ stocks rose today except for the metal stocks and FMCG stocks. Media stocks and IT stocks rose the most.
Global markets: US markets and Asian markets rose. European markets fell (as of 6 pm IST).
News
India’s inter‑ministerial briefing on West Asia developments updated that fuel and LPG supplies in India remain adequate, with measures underway to curb hoarding and black‑marketing and to ensure continued availability.
The central government approved the Small Hydro Power Development Scheme (FY 2026-27 to FY 2030-31) with an outlay of Rs 2,584.6 crore to set up around 1,500 MW of small hydro projects in the country.
The central government approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an allocation of Rs 33,660 crore to develop 100 plug‑and‑play (meaning pre-built, ready to use) industrial parks across the country.
The central government approved the construction of a 101.5 km, 4-lane access-controlled NH-927 from Barabanki to Bahraich in Uttar Pradesh at a cost of Rs 6,969.04 crore.
Stocks Updates
NHPC: announced commercial operation of 250 MW Unit-1 of its 2000 MW Subansiri project from 20 March, and scheduled a board meeting on 25 March to consider FY27 borrowing plans.
Mazagon Dock: signed a $39 million contract with Shipping Corporation of India to build and deliver a 3000 DWT methanol dual-fuel platform supply vessel.
UltraTech: will acquire a 26.18% stake in Sunsure Solarpark Seven Pvt Ltd for Rs 19.2 crore to meet green energy needs and optimize energy costs.
Mankind Pharma: acquired the Rivotril (clonazepam) brand from Roche for India with exclusive manufacturing and distribution rights.
Tata Steel: approved merging Neelachal Ispat Nigam with itself, investing up to Rs 18,488 crore in its overseas subsidiary ‘T Steel Holdings Pte Ltd’. It will also take full control of Medica TS Hospital by acquiring the remaining stake.
Word of the Day
Joint Venture (JV)
It is when two or more companies come together to run a business or project.
The investment, risks, and profits are shared by the companies.
The companies continue to exist independently while working together on the JV.
It is usually created for a specific purpose or time period, after which the JV might be dissolved.
6 Day Course
Theme: AI terms for investors
Day 3: Wednesday
Context window: It is the total number of tokens an LLM can handle at any given time.
So every time you ask a question, the total tokens used must be less than the context limit.
This is why many LLMs struggle to read large PDF files or documents.
Another thing to note is that when you chat inside one thread, all previous questions and answers are being processed again.
So let’s say your first question was, “Which country is to the east of Thailand?”, and the next question is “which is the biggest city there?” The first question, its answer, and the next question are all being sent together.
This is why when the thread gets too long, an LLM is unable to handle it.
Context limits are increasing as the technology gets better, allowing the LLMs to accept much bigger inputs (many books, documents, PDFs, etc at the same time).
Featured Question
Q. “Does groww reinvest the dividend paid on underlying securities within a SIP? Where can one change or view that configuration on the app. Thanks”
Equity mutual funds that receive dividends reinvest the dividends back in the same mutual funds’ AUM.
This results in an increase in the NAV, therefore an increase in the investments’ value.
In short, they belong to the investors and are added to the investment amount accordingly.
This transaction is handled by the mutual funds at their level. It is not handled by investment platforms.
All dividends are added to the AUM. This cannot be altered by the investor.
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