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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 399 points higher at 22,912 on Tuesday.

ACME Solar Holdings

The company commissioned additional 155 MW 470.25 MWh BESS inRajasthan, taking total commissioned BESS capacity to 297.67 MW 951.74MWh.

Bharat Petroleum Corporation

The company’s JV NeuEN secured a contract to supply 10,000 tonnes perannum green hydrogen to Numaligarh Refinery and will develop aproduction facility at its Assam refinery.

Escorts Kubota

The company received allotment of ~154 acres land at YEIDA Industrial AreaUttar Pradesh for setting up a greenfield project to enhance productioncapacity.

Godawari Power and Ispat

The company approved setting up a 1.00 MTPA integrated steel plant nearRaipur at ?7000 crore to be funded through debt and internal accruals

Jindal Steel

The company completed 6 MTPA expansion at Angul taking plant capacity to12 MTPA and overall crude steel capacity to 15.6 MTPA.

Kalpataru Projects International

The company secured new T&D orders worth ?4,439 crore including 400kVtransmission line and substation project in Africa, transmission line projectsin India and substation project in Sweden.

KPI Green Energy

The company energised additional 376 MWp taking total IPP energisedcapacity to 965 MWp out of 2.17 GWp portfolio

Maruti Suzuki India

The company approved first phase capacity addition of 2,50,000 vehiclesper annum at Khoraj Industrial Estate with ?10,189 crore investment fundedvia internal accruals.

SEPC

The company approved acquisition of 90% stake in Avenir InternationalEngineers Abu Dhabi via share swap valuing the stake at ~AED 708 millionwith ~AED 500 million order book.

Suzlon

The company secured ~100 MW wind project from GAIL to supply 47 S120WTGs of 2.1 MW each in Maharashtra including installation commissioningand O&M services

WeWork India Management

The company signed a lease in Bengaluru to add 81,166 sq ft capacitycomprising 1,256 desks with ?31 crore investment funded via internalaccruals or debt.

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