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Market Updates

The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter NIFTY closed 257 points higher at 23,408 on Monday.

Carborundum Universal

The company commenced commercial production at its Hosur cutting andgrinding wheels facility adding 46 million wheels annual capacity with ?83crore investment

Ceigall India

The company with Rajinder Infrastructure as JV partner emerged L1 bidderfor Rs.274.08 crore MoRTH EPC project for construction of Bile Miggingsection of NH913 in Arunachal Pradesh.

Goodluck India

The company’s subsidiary Goodluck Defence & Aerospace commenced firstoverseas dispatch of 155 mm heavy calibre empty shells from its UttarPradesh facility under a $6 million export order

Gujarat Mineral Development Corporation

The company signed an MoU with NMDC to explore collaboration in rareearth elements including development of an integrated value chain linked tothe Ambadungar rare earth deposit in Gujarat.

Intellect Design Arena

The board approved a 50:50 joint venture with Fintel PLC to incorporate aUK entity to develop and commercialize an AI led financial advisoryplatform.

Lloyds Metals & Energy

The company commenced commercial production of copper cathodes fromits 12,000 tonnes per annum SX EW plant in the Katanga Copper Belt DRCthrough its subsidiary.

Marine Electricals India

The company received orders worth Rs.17.12 crore from Princeton DigitalGroup India Management for supply installation testing and commissioningof power distribution systems to be executed over 7-8 months.

MedPlus Health Services

The company approved incorporation of a wholly owned Section 8subsidiary to undertake CSR activities.

Rail Vikas Nigam

The company received Rs.95.27 crore LOA from NMDC for refurbishment andmaintenance of permanent way of sidings and mobile equipment tracks atKirandul and Bacheli Chhattisgarh to be executed in 36 months.

RailTel Corporation of India

The company received a Rs.42.63 crore order from National InformaticsCentre Services Incorporated for New Core Link under the NKN project.

Reliance Industries

The company signed a binding 15 year green ammonia offtake agreementworth over $3 billion with Samsung C&T with supplies starting in second halfof FY2029.

Tejas Networks

The company received a purchase order to supply 4G RAN multiband radiosolutions for deployment across a mobile operator’s network in South Asia.

Union Bank of India

The company approved issuance of long term bonds up to Rs.20,000 croreincluding plan to raise Rs.7,500 crore with 10 year tenor before March 31,2026 and green or sustainable bonds up to Rs.5,000 crore.

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