IGI Logo

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 80 points lower at 23,398 on Friday.

AXISCADES Technologies

The company completed acquisition of 90% of Cloud Wave Technologies and its subsidiaries for Rs234 crore, at an enterprise valuation of ~Rs260 crore.

GPT Infraprojects

The company’s WOS secured an Rs85.53 crore Railway signalling order from Eastern Railway, including auto signalling and electronic interlocking works, with execution over 12 months.

Greenply Industries

The company approved a Rs200 crore corporate guarantee for its wholly owned subsidiary’s MDF capacity expansion and agreed terms for Samet to raise its JV voting stake to ~81%, diluting Greenply to ~19%.

HFCL

The company approved Rs820 crore additional capex for 4.6 Mn fiber-km OF, 5.64 Mn fiber-km OFC, and 300 MT preform capacity, taking total planned capex to Rs1,800 crore, with completion by Jul'28.

JSW Infrastructure

The company received an LOI to set up an Inland Container Depot at Kudathini, Ballari, Karnataka, for EXIM cargo, with commissioning targeted within one year.

KEC International

The company secured new orders worth Rs1,303 crore across T&D and Cables & Conductors, including 400kV transmission line orders in India and 380kV lines in Saudi Arabia.

NTPC Green Energy

The company commissioned 6.3 MW of the Vanki Wind Energy Project in Gujarat, taking group commercial capacity to 10,842.86 MW.

Raymond

The company secured aerospace orders with annual business potential of ~Rs33 crore across 300+ part numbers, with production commencing progressively through 2026-27.

Shakti Pumps

The company invested Rs11 crore in its wholly owned subsidiary to establish a 2.2 GW greenfield Solar DCR cell and PV modules plant in Pithampur, Madhya Pradesh.

Solar Industries India

The company, through its wholly owned step-down subsidiary, agreed to acquire South Africa’s Omnia Holdings for ~Rs12,951 crore in cash, subject to regulatory and shareholder approvals.

Tata Chemicals

The company’s US subsidiary, TCNA, completed the acquisition of Searles Valley Minerals’ North American soda ash customer contracts covering >500,000 tonnes over two years.

Uno Minda

The company approved four capacity projects with aggregate capex of ~Rs1,415 crore across Haryana, Tamil Nadu, Bengaluru, and Maharashtra, including alloy wheels, casting, and automotive components, with commissioning through FY29.

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

SEBI Regn. No.: INM000012