Stock Insights : Amber Enterprises Ltd, Greenlam Industries Ltd, Kamat Hotels Ltd, PNC Infratech Ltd, Reliance Industries 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 156 points lower at 24,680 on Monday.
Amber Enterprises
The company’s subsidiary ILJIN Electronics (India) signed definitive agreements to acquire ~40.24% in Israel-based Unitronics, which will become its subsidiary.
Diamond Power Infrastructure
The company received Rs.1,349.11 crore LOI from Adani Energy Solutions to supply 24,080 km AL-59 conductors for marquee transmission projects by June 2028.
Greenlam Industries
The company’s subsidiary Greenlam Limited received a special incentive package from Andhra Pradesh Govt for its Particle Board project till March 2029.
IndiGrid Investment Managers
The company approved issuance of Rs.1,900 crore Series AH non-convertible debt securities under previously approved Rs.10,800 crore borrowing limit.
J. Kumar Infraprojects
The company received Rs.139.72 crore LOA from MMRDA for an 18-month metro station integration project, with its 49% share valued at Rs.68.46 crore.
Kamat Hotels
The company signed a management agreement for its second Orchid-branded boutique hotel in Nashik with 57 rooms, expected operational by March 2026.
Lumax Auto Technologies
The company received NCLT approval for the First Motion Application in the amalgamation of Lumax Ancillary with itself and will file the Second Motion next.
PCBL Chemical
The company incorporated a wholly owned subsidiary, PCBL Chemical USA Inc., to enhance strategic access to the North American market.
PNC Infratech
The company emerged as L1 bidder for Rs.2,956.66 crore SECL contract for coal extraction and transport services at Gevra OCP, Chhattisgarh.
Reliance Industries
The company signed a Joint Operating Agreement with ONGC and BP Exploration for offshore exploration in Saurashtra Basin’s Block GS-OSHP-2022/2.
Waaree Energies
The company approved Rs.2,754 crore capex via Sangam Solar One to set up 4 GW cell plant in Gujarat and 4 GW ingot-wafer plant in Maharashtra.
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