Markets to open higher; multiple firms secure major orders & deals by ARETE Securities Ltd
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 140 points higher at 25,898 on Thursday.
Astra Microwave Products
The company received an order from Indian Meteorological Department for 6 S-band Polarimetric Doppler Weather Radars with 10-year support worth Rs.171.38 crore.
Cyient
The company acquired Abu Dhabi & Gulf Computer Est. to expand Middle East operations and serve energy, utilities, transport, and connectivity sectors.
Diamond Power Infrastructure
The company received an LOI from Amara Raja Infra for supply of HT and LT cables worth Rs.75.14 crore.
Firstsource Solutions
The company said its subsidiary FSL UK completed the 100% acquisition of Pastdue Credit Solutions for GBP 22 million after receiving all regulatory approvals.
GMDC
The company awarded operational responsibilities for its 15 MTPA Baitarni-West coal mine at its Ahmedabad office after securing Stage-I FC and EC, advancing phased development of its Odisha coal portfolio.
H.G. Infra Engineering
The company’s JV with Kalpataru Projects received LOA from Maharashtra Metro for 20.527 km elevated viaduct including Depot Approach and three Special Spans.
Interarch Building Solutions
The company received an LOI for an ~Rs.70 crore domestic order covering design, engineering, manufacturing, supply and erection of a pre-engineered steel building system.
NBCC
The company received work orders worth Rs.289.39 crore comprising civil, electrical, water supply, horticulture and construction works from NALCO and desilting work from SAIL Bokaro.
Oswal Pumps
The company received an order from Maharashtra State Electricity Distribution for 13,738 off-grid DC solar water pumps worth Rs.380 crore to be executed within one year.
Shakti Pumps
The company received a Letter of Empanelment from Maharashtra State Electricity Distribution for 16,025 off-grid DC solar pumps worth Rs.443.78 crore.
Tata Power
The company received an LOI from REC Power Development & Consultancy for acquiring Jejuri Hinjewadi Power Transmission SPV with annual transmission charges of Rs.155.78 crore.
Tejas Networks
The company was awarded IP Routing contracts for 7 of 12 BharatNet Phase III packages, deploying 50,000 TJ1400 routers across 57,000 GPs and 2,000 Blocks.
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