Stock Insights : ACME Solar Ltd, Godrej Properties Ltd, Goodluck India Ltd, MAN Industries Ltd, TCS Ltd, Transrail Ltd - ARETE Securities Ltd
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 139 points higher at 26,192 on Thursday.
ACME Solar
The company commissioned an additional 16 MW (total 44 MWoperational) of its 100 MW wind power project in Surendaranagar, Gujaratunder a 25-year PPA with Gujarat Urja Vikas Nigam Limited to supportrenewable capacity expansion.
Godrej Properties
The company acquired an additional ~3.8-acre land parcel on Sarjapur Road,Bengaluru unlockin Rs2,400 crore additional revenue potential for apremium residential township development.
Goodluck India
The company received a $6 million export order from an overseas client forsupply of 155mm M107 ready-to-fill shells to support defencemanufacturing
Gujarat Industries Power Company
The company commissioned the 150 MW fourth phase of its 600 MW solarproject at Khavda to support renewable capacity expansion.
Hyundai Motor India
The company invested Rs 21.47 crore as a second tranche in FPEL TN WindFarm for equity allotment to support increasing its stake.
MAN Industries
The company signed an MoU with Aramco Asia India for a five-yearcollaboration to explore a Saudi manufacturing facility and support longterm supply capabilities.
TCS
The company along with TPG committed up to Rs 18,000 crore jointinvestment in HyperVault AI data center subsidiary to support GW-scale AIinfrastructure expansion.
Transrail
The company received Rs 548 crore orders from a new MENA country for aninternational transmission line EPC project to support regional expansion.
VA Tech WABAG
The company received a Large ADB-funded DBO order from MelamchiWater Supply Development Board for a 36-month Sundarijal WTP project tosupport water security.
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