Stock Insights : ACME Solar Ltd, Ceigall India Ltd, Cello World Ltd, Dilip Buildcon Ltd, Eris Lifesciences Ltd - ARETE Securities Ltd
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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 108 points lower at 25,959 on Monday.
ACME Solar
The company emerged as the winning bidder for 130 MW Railways RTC Renewable Energy tender with LOA expected to be awarded to support round-the-clock power supply.
Ceigall India
The company received LOI from REC Power Development and Consultancy for establishing 400/220 kV Velgaon Substation (GIS) with annual charges of Rs.585 million for 35 years.
Cello World
The company entered into an agreement with CPIW to assign the Cello Brand trademark for stationery and writing instruments, investing Rs.50 crore with Rs.200 crore expected revenue.
Diamond Power Infrastructure
The company received LOI from Adani Energy Solutions for supply of 7,668 km AL-59 Zebra Conductor for the Khavda Project worth Rs.276.06 crore.
Dilip Buildcon
The company emerged as L-1 bidder for MDO contract for development and operation of Pottangi Bauxite Mines with OLCC and allied facilities from NALCO worth Rs.5,000 crore.
Dr. Reddy’s Laboratories
The company received European Commission approval for AVT03, its biosimilar of Prolia and Xgeva for EU and EEA markets.
Embassy Developments
The company will launch six residential projects in North Bengaluru valued at ~Rs.10,300 crore, covering ~5.6 million sq. ft., to support its residential portfolio expansion.
Eris Lifesciences
The company approved acquisition of 30% stake in Swiss Parenterals for Rs.423.30 crore through issue of 23 lakh shares on preferential basis.
GMR Power & Urban Infra
The company’s wholly owned subsidiary GMR Energy incorporated GMR Kalinga Solar Power as a wholly owned subsidiary to develop a 10 MW (14 MWp) solar project in Kamalanga, Odisha to support renewable energy generation.
Premier Explosives
The company received an export order worth Rs.73.11 crore from an international client for supply of defence products to be delivered within 12 months.
Varroc Engineering
The company received an 8-year contract from an electric vehicle OEM for supply of high voltage electronics for e-powertrain components with a peak annual value of Rs.800 crore.
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