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Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 112 points higher at 23,114 on Friday.

Ashok Leyland

The company approved investment up to Rs.375 crore in subsidiary OptarePlc through equity infusion increasing stake from 93% to 93.28%.

Ceigall India

The company’s subsidiary emerged as L1 bidder from NHAI for ?603 croreHAM project for 6 lane spur connectivity of 10.3 km in Punjab.

Max Estates

The company launched Estate 105 residential project in Noida with phaseone GDV of Rs.3,000 crore across ~10.33 acre development.

NDR InvIT Trust

The company signed an agreement to acquire 100% stake and control inNDR Unique Space for Rs.285 crore involving 52.71 acres warehousing land inHosur.

Park Medi World

The company completed acquisition of 100% stake in SVPD Healthcaremaking it a wholly owned subsidiary completing acquisition of 360 bed KPInstitute of Medical Sciences Agra.

Patel Engineering

The company received Rs.230.70 crore LOA from Dorjilung Hydro Power forpreconstruction works of 1,125 MW hydropower project in Bhutan.

RailTel Corporation

The company received Rs.24.54 crore LoA from East Coast Railway formanpower outsourcing and secured Rs.159.81 crore order from PrasarBharati for cloud based integrated newsroom services.

RITES

The company received Rs.105.69 crore LOA from RDSO for 60 monthmaintenance of dedicated test track between Gudha and Thathana Mithristations in Jodhpur division of NWR.

Tata Steel

The company commissioned scrap-based electric arc furnace at Ludhianawith 0.75 MnTPA capacity with investment of Rs.3,200 crore supporting lowemission steel production.

VA Tech Wabag

The company secured a large consortium EPC order from United WaterSupply Company of Georgia for 19 MLD wastewater treatment plant atKutaisi Georgia valued Rs.250 - Rs.600 crore.

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