Stocks in news: ONGC, BPCL, RailTel Corporation, Exide Industries and Lohia Corp

Indian equity markets extended their losing streak to a sixth consecutive session on Tuesday, August 18, with the benchmark NSE Nifty50 settling 132.75 points, or 0.55%, lower at 24,154.90. Elevated oil prices, higher global bond yields and weak overseas cues outweighed otherwise supportive domestic fundamentals.

The Nifty remained under pressure through most of the session after opening lower, with every recovery attempt met with fresh selling. From a technical perspective, analysts suggest that the overall sentiment could favour the bears as the index continues to lose bullish momentum. On the downside, the fall could extend towards the 24,050-24,000 zone, where initial support is likely to emerge. On the upside, resistance is seen at 24,240.

Against this backdrop, shares of Oil & Natural Gas Corporation (ONGC), Bharat Petroleum Corporation (BPCL), RailTel Corporation of India, Lohia Corp and several other companies are likely to remain in focus in Wednesday's trade following corporate developments and first-quarter earnings.

ONGC

ONGC successfully commissioned gas evacuation facilities at Khoraghat GGS-1 in Golaghat district, Assam, on August 18, 2026. The facility enables surplus associated natural gas from the Upper Assam Shelf to be processed and evacuated through the North East Gas Grid (NEGG), developed by Indradhanush Gas Grid Limited (IGGL).

BPCL

The state-owned company’s board has approved raising up to Rs 5,000 crore through the issuance of secured or unsecured redeemable non-convertible debentures (NCDs), in one or more series or tranches. The total amount will not exceed Rs 5,000 crore.

Interarch Building Solutions

The company has secured domestic orders worth approximately Rs 128 crore, including taxes, for the design, engineering, manufacturing, supply and erection of a pre-engineered steel building system for a major FMCG player of international repute. The project is for a manufacturing facility for homecare, beauty and wellness products.

RailTel Corporation of India

RailTel Corporation of India has received a work order from the Employees Provident Fund Organisation. The order, valued at Rs 1,66,80,29,314 including tax, is for the extension of an Infrastructure-as-a-Service (IaaS) work order through RailTel for a period of one year.

Ducon Infratechnologies

The company has announced that it has secured a prestigious end-to-end contract for the supply and service of a Forced Cooling Network (FCN) System for the potlines at one of the largest single Aluminium Smelter Plants in India.

Compucom Software

Compucom Software has received a work/sanction order worth Rs 4,76,93,450 from Rajasthan Skill and Livelihoods Development Corporation (RSLDC), the nodal agency for implementation of the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) in Rajasthan. The order has been received in the normal course of business.

BLS International Services

BLS International Vize Hizmetleri Limited Sirketi, a step-down subsidiary of the company, has merged with iDATA DANISMANLIK VE HIZMET DIS TIC AS, another step-down subsidiary, with effect from August 17, 2026. Following the merger, BLS International Vize Hizmetleri Limited Sirketi has ceased to exist as a step-down subsidiary of the company.

Exide Industries

Exide Industries has invested Rs 199.99 crore by way of subscription in the equity share capital of Exide Energy Solutions Limited (EESL) on a rights basis. With this investment, the total investment made by the company in EESL stands at Rs 5,102.23 crore.

The board of the company on January 30, 2026, had approved the infusion of additional funds of up to Rs 1,400 crore through subscription in its wholly owned subsidiary EESL towards setting up a greenfield multi-gigawatt lithium-ion cell manufacturing facility in India, in one or more tranches.

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Atlanta Electricals

The power transformer manufacturer has received a Letter of Intent (LOI) from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for an order valued at Rs 193.92 crore, including GST.

Krystal Integrated Services

Krystal Integrated Services has received a work order from Maharashtra State Road Transport Corporation for providing integrated facility management services in the allocated regions of Mumbai and Chhatrapati Sambhaji Nagar for a period of three years. The approximate contract value is Rs 134 crore, including all taxes.

Q1FY27 results today

Lohia Corp, Spice Islands Industries, Umiya Tubes and Xtranet Technologies are slated to announce their Q1FY27 results today.