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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 156 points higher at 24,353 on Friday.

ACME Solar Holdings

The company’s subsidiary commissioned 16 MW wind power project inSurendranagar, Gujarat upon receiving certificate from Gujarat EnergyDevelopment Agency.

Apollo Micro Systems

The company received DPIIT license to manufacture missiles, ATGMs,torpedoes, aerial bombs, rockets, loitering munitions with 1000 units annualcapacity per category.

Hindustan Petroleum

The company received approval to revise HRRL project cost to ?79,459 crorefrom ?43,129 crore with equity investment ?19,600 crore for 74% stake.

JSW Steel

The company approved 50:50 JV with POSCO via Saffron Resources for 6MTPA Odisha steel plant with ?508.8 crore equity subscription by POSCO.

Lemon Tree Hotels

The company signed Lemon Tree Hotel Garudeshwar, Gujarat with 90rooms to be managed by subsidiary Carnation Hotels, expanding presenceto 32 properties in state.

NBCC

The company sold ~14 lakh sq ft commercial space at Bharat Business Park,Sarojini Nagar, New Delhi for ~?5,779 crore and will earn 1% marketing fee.

NTPC

The company’s subsidiary declared COD of 87.50 MW solar capacity inRajasthan, taking total installed capacity to 89,615 MW and commercialcapacity to 88,535 MW.

Shyam Metalics and Energy

The company commissioned Phase II CRM facility at Jamuria with 0.15 MTPAcapacity, taking total CRM capacity to 0.40 MTPA.

UltraTech Cement

The company commissioned 8.7 mtpa capacity across Uttar Pradesh, AndhraPradesh and Jharkhand, taking total domestic capacity to 200.1 mtpa andglobal capacity to 205.5 mtpa.

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