Stock Insights Ashok Leyland Ltd , CESC Ltd , MOIL Ltd, NLC India Ltd, RITES Ltd - ARETE Securities Ltd

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 174 points lower at 24,542 on Tuesday.
Ashok Leyland
The company won a ?183.80 crore order from Tamil Nadu State Transport Corporation for 543 BSVI diesel chassis and fully built buses.
CESC
The company awarded a ?346.33 crore contract to Waaree Renewable Technologies for a 300?MW AC/435?MW DC solar project in Bikaner, to be completed in FY26.
MOIL
The company recorded highest-ever May manganese ore production at 1.71 lakh tonnes, up +18% over CPLY, with exploratory core drilling rising +17.5% over CPLY to 13,352 meters.
NLC India
The company incorporated a joint venture named NLC Rajasthan Power Limited with RVUNL, with NLCIL holding 74% and RVUNL 26% equity, to develop, operate, and maintain lignite mines and a lignite-based thermal power station.
RITES
The company is L-1 bidder for a Rs. 28.50 crore TPI agency appointment contract by Gujarat Urban Development Company for WSS/UGD/STP projects under Amrut 2.0/SJMMSVY, execution period 60 months.
Sansera Engineering
The company signed a ?160 crore contract with Airbus to manufacture, supply, and support Airborne Intensive Care Transport Modules.
Tata Communications
The company integrated a new submarine cable system TGN-IA2, built by ADC consortium, into its network to enhance intra-Asia connectivity.
Techno Electric & Engineering Company
The company was selected by RailTel as Managed Service Data Centre Partner to set up a 10MW Data Centre in Noida on a 30-year revenue-sharing basis.
Texmaco Rail & Engineering
The company received a ?122.31 crore order from Mumbai Railway Vikas Corporation for traction works to be executed in 30 months.
Wipro
The company won a multiyear deal with Entrust to provide AI-powered product development, infrastructure, application modernization, and security solutions.
Zydus Lifesciences
The company’s US unit ZPUI signed a deal to acquire two biologics manufacturing facilities from Agenus in California for up to $125 million.
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