Stock Insights : ACME Solar Ltd, Aurionpro Solutions Ltd, Infosys Ltd, Larsen & Toubro Ltd, NTPC Ltd, SAMHI Hotels Ltd - ARETE Securities Ltd
Market Updates
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 131 points higher at 24,619 on Wednesday.
ACME Solar
The company secured Rs.3,184 crore funding from REC for its 280MW Hybrid Urja FDRE project contracted with NHPC, integrating solar and battery storage.
Aurionpro Solutions
The company won Rs.250 crore order from MMRDA to design, supply, implement and maintain AFC system for Mumbai Metro Lines 4 and 4A.
Brigade Hotel Ventures
The company signed a multi-deal agreement with Marriott International to develop six hotels (940 rooms) in Chennai, Bengaluru, Vaikom Island and Thiruvananthapuram by 2030.
Crompton Greaves Consumer Electricals
The company received Rs.49 crore order from MSEDCL for 1,884 off-grid solar water pumping systems under PM Kusum Scheme.
Infosys
The company formed a joint venture with Telstra, acquiring 75% of Versent Group for AUD 233.25 million to deliver AI-powered cloud and digital transformation for Australian enterprises.
J Kumar Infraprojects
The company received Rs.77.42 crore LOA from MMRDA for constructing foot over bridges on Mumbai Metro Line 4 and 4A Package 2.
Larsen & Toubro
The company’s L&T Energy GreenTech partnered with Japan’s ITOCHU to develop a 300 KTPA green ammonia project at Kandla, Gujarat for Singapore bunkering.
NTPC
The company received Cabinet approval for Rs.8146.21 crore Tato-II Hydro Electric Project in Arunachal Pradesh with 700 MW capacity and 72-month completion.
Oswal Pumps
The company received Rs.442 crore order from MSEDCL for 14,787 off-grid solar water pumping systems under PM Kusum B Scheme in Maharashtra.
RVNL
The company received Rs.90.65 crore LOA from Southern Railway for installing and augmenting video surveillance systems at 484 stations in 18 months.
SAMHI Hotels
The company executed a Business Transfer Agreement to transfer Hotel Caspia to Deventure Hotel and Resorts for ?65 crore, completing the slump sale.
SpiceJet
The company signed a lease for five more Boeing 737s, taking total new additions to 10 to meet peak winter and summer demand.
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