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Market Updates

The markets are expected to open marginally lower today as trends in GIFT NIFTY indicate a negative start for the broader index after NIFTY closed 30 points higher at 25,108 on Tuesday.

AIA Engineering

The company’s subsidiary Vega Industries Chile SpA received a $32.9 million (Rs.291 crore) grinding media order from a Chilean copper mine for 18 months.

Balu Forge Industries

The company commenced operations at its Belgaum precision machining unit with 7-Axis and 11-Axis CNC machines, boosting advanced aerospace and defence component production.

Bondada Engineering

The company’s subsidiary Bondada Green Engineering received Rs.13.74 crore solar project orders from Vishwanath Projects, OM Associates, Max Infra, and JMR Clean Energy.

Container Corporation of India

The company signed a strategic agreement with UltraTech Cement to transport bulk cement via dedicated rail rakes, promoting sustainable logistics.

Gabriel India

The company approved forming a JV with Korea’s SK Enmove, investing Rs.29.4 crore for a 49% stake to manufacture lubricants, e-fluids, and related products.

KPIT Technologies

The company, through its subsidiary KPIT Technologies (UK), acquired an additional 62.9% stake in Switzerland-based N-Dream AG for €16.35 mn, raising its total holding to 88.9% as part of its plan to reach 90% this year.

Quality Power Electrical Equipments

The company executed a share purchase agreement to acquire 50% stake in Sukrut Electric for Rs.5.22 crore, strengthening its electrical equipment business.

Saatvik Green Energy

The company’s subsidiary Saatvik Solar Industries received Rs.219.62 crore orders from three IPPs/EPCs for supply of solar PV modules.

Shyam Metalics and Energy

The company reported September sales with Sponge Iron 60,654 MT down 28.7% YoY, Aluminium Foil 2,056 MT up 4.1%, Specialty Alloys 17,452 MT up 14.4%.

Waaree Energies

The company completed acquisition of 64% stake in Kotsons for Rs.192 crore, making Kotsons its subsidiary and strengthening its business portfolio.

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