Stock Insights : Adani Enterprises Ltd, Ashoka Buildcon Ltd, Premier Energies Ltd, RailTel Ltd, Titagarh Rail Systems 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 213 points lower at 24,870 on Friday.
Adani Enterprises
The company’s subsidiary Mundra Synenergy incorporated a step-down wholly owned unit CG Syn-Gas & Chemicals in India for chemical manufacturing operations.
Ashoka Buildcon
The company received Rs.499.95 crore LoA from North Western Railway for 24-month electric traction system upgrade and OHE modification project in Jaipur Division.
Brigade Enterprises
The company launched Brigade Lakecrest, a 9.33 lakh sq. ft joint development project on Old Madras Road, Bengaluru, with revenue potential of over ?950 crore and 604 premium residences.
CEAT
The company signed a $171 million agreement with Sri Lanka’s BOI to expand Off-Highway Tyres and tracks manufacturing for global exports.
HDB Financial Services
The company allotted 51,000 NCDs worth Rs.510 crore on private placement, proposed for BSE listing with 8.33% annual coupon.
IRCON
The company received Rs.510.46 crore LOA from Meghalaya Infrastructure Development & Finance Corporation for 36-month EPC work constructing eight Eklavya Model Residential Schools.
NTPC
The company declared commercial operation of 49.125 MW at Khavda Solar Project under 450 MW Hybrid Tranche V, taking group capacity to 83,291 MW.
Premier Energies
The company commenced operations of a 1.2 GW N-Type G12R solar cell line and launched 620 W DCR TOPCon modules for high-efficiency solar solutions.
RailTel
The company received a Rs.13.16 crore PMC order from Rajasthan Skill & Livelihoods Development Corporation for project execution till August 2027.
Titagarh Rail Systems
The company received Rs.91.12 crore LOA from Banaras Locomotive Works for complete shell assembly of WAG-9HC locomotives.
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