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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 72 points lower at 23,519 on Friday.

Adani Green Energy

The company’s subsidiary, AREH12L, received LOA from UPPCL for a 400MW solar project in Rajasthan, with a 25-year supply term.

Ashok Leyland

The company secured defence orders worth Rs.700 crore for troop transportand logistics vehicles, including Stallion variants and Mobility SystemTravelling Platform.

BHEL

The company filed a suit against Karnataka Power Corporation seeking Rs.542.14 crore recovery under the EPC contract for Bellary Thermal PowerStation.

Ircon International

The company, via IRCON-SSNR JV (70:30), secured a Rs.872.69 crore RailVikas Nigam project for Madhya Pradesh tunnel construction, with IRCON'sshare at Rs.610.88 crore.

Lemon Tree Hotels

The company signed a franchise agreement for a 54-room Keys Select hotelin Pali, Maharashtra, marking its 50th signing in FY25.

Power Mech Projects

The company secured a Rs.972.14 crore order from NHAI for constructing a49 km bypass in Jharkhand on a Hybrid Annuity Model.

Prestige Estates Projects

The company approved an investment of Rs.1,625.04 crore in PrestigeHospitality Ventures, its wholly owned subsidiary, via rights issue.

PTC Industries

The company’s subsidiary, Aerolloy Technologies, secured a long-termorder from Safran Aircraft Engines to supply seven cast aero-enginecomponents.

Ramkrishna Forgings

The company commenced commercial production of 5” and 2.5” Upsettersat Dugni, increasing total forging capacity from 2,54,150 MT to 2,68,400 MT(?5.6%).

Shakti Pumps

The company has infused Rs.5 crore into its wholly owned subsidiary, ShaktiEV Mobility Pvt Ltd, through subscription of 50 lakh equity shares,bolstering its position in the EV manufacturing sector.

Shree Cement

The company increased clinker production capacity at its Nawalgarh,Rajasthan, plant from 3.80 MTPA to 4.50 MTPA (?18.42%) throughinvestment in mining equipment and other assets.

Tata Motors

The company’s subsidiary, JLR, sold its 80% stake in Jaguar Land RoverVentures and Artifex Interior Systems to Tata Autocomp for £77 million.

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