Stock Insights : Alembic Pharmaceuticals Ltd, Inox Wind Ltd, Kilburn Engineering Ltd, Mankind Pharma Ltd, Reliance Infrastructure Ltd - ARETE Securities Ltd
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 103 points higher at 24,980 on Tuesday.
Alembic Pharmaceuticals
The company received USFDA final approval for Macitentan 10 mg tablets for pulmonary arterial hypertension, with an estimated US$1,180 million market.
CCL Products (India)
The company acquired 26% stake in Mukkonda Renewables to access 7.9 MW renewable energy, reducing costs and ensuring reliable green power supply.
Inox Wind
The company sold a ~Rs.175 crore stake in its subsidiary Inox Renewable Solutions at a post-merger valuation of ~Rs.7,400 crore to investors.
Kilburn Engineering
The company signed a strategic Master Agreement with Komline-Sanderson to provide manufacturing of turbo and paddle dryers, engineering, field, and sales services globally.
Lloyds Metals & Energy
The company emerged successful bidder for Tandsi-III and Tandsi-III Extension coal mine with 10.5% premium, planning 0.30 MTPA production.
Mankind Pharma
The company incorporated a wholly owned subsidiary, Mankind Pharma LLC, in Russia to expand its international presence and operations.
NTPC Green Energy
The company declared 212.5 MW of Khavda-I Solar PV and 52.8 MW of Gujarat Hybrid Wind-Solar projects under commercial operation.
Reliance Infrastructure
The company received an LOA from NHPC for a 700 MWp solar and 780 MWhr BESS project, strengthening India’s largest integrated renewable capacity.
Sarda Energy & Minerals
The company has been declared successful bidder for Senduri Coal Mine in MP with 9.50% revenue sharing and 248.54 MnT G9 coal reserves.
VA Tech Wabag
The company secured a repeat INR 118 crore O&M order from Bahrain’s Ministry for 40 MLD Madinat Salman STP and Long Sea Outfall for 5 years.
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