Powered by: Motilal Oswal
2025-12-12 08:50:23 am | Source: ARETE Securities Ltd
Markets to open higher; multiple firms secure major orders & deals by ARETE Securities Ltd
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.

 

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM0000127

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here