Market Opens on Positive Note Amid Key Corporate Announcements by ARETE Securities Ltd
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The markets are expected to open marginally higher today as trends in GIFT NIFTY indicate a positive start for the broader index after NIFTY closed 81 points lower at 25,758 on Wednesday.
Ashoka Buildcon
The Adani–Ashoka–Aakshaya JV received an LOA from BMC for the Mithi River Development and Pollution Control Project Package III valued at Rs 1,815.79 crore.
Balu Forge Industries
The company commenced operations of its fully indigenously built empty shell production line in Belgaum, Karnataka, with 360,000 annual capacity for large calibre ammunition.
Dilip Buildcon
The company received an LOA from NALCO for MDO contract of Pottangi Bauxite Mines with OLCC and allied facilities worth Rs 5,000 Crores.
Kalpataru Projects International
The company secured new orders worth Rs 2,003 Crores across Buildings & Factories in India and T&D in India and overseas.
KEI Industries
The company commenced first phase of commercial production for LT/HT Cables at Sanand, Gujarat, adding 60,732 KMS to total capacity of 2,26,700 KMS with rs 2,000 Crore investment funded via QIP and internal accruals.
Lloyds Metals and Energy
The company approved acquiring up to 50% in Dubai-based Nexus Holdco FZCO for up to $55 million and cleared a non-binding MoU with Tata Steel for cooperation in mining, logistics, pellets and steel making.
Petronet LNG
The company signed a secured Rupee Term Loan agreement for Rs 12,000 crore with SBI and Bank of Baroda to fund Dahej PDH-PP Petrochemicals Project and other capex.
Prestige Estates Projects
The company’s subsidiaries acquired 66.93% partnership in Bharatnagar Buildcon LLP for Rs. 938.75 crore to consolidate real estate stake.
Puravankara
The company’s subsidiary SICL received a LoA from One Bangalore Luxury Projects LLP for Rs 509.52 Crore turnkey construction of Varnam Phase1 at Bengaluru.
Sterling and Wilson Renewable Energy
The company’s subsidiary Sterling and Wilson International Solar FZCO incorporated a wholly owned step-down subsidiary Sterling and Wilson Renewable Energy S.R.L in Romania.
Tata Consultancy Services
The company agreed to acquire Coastal Cloud for $700M to boost its Salesforce-led advisory capabilities, adding 400+ experts and positioning TCS among the top five global Salesforce consulting firms.
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