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Market Updates

The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter NIFTY closed 34 points higher at 24,414 on Wednesday.

Astral

The company completed the acquisition of 100% stake in Al-Aziz Plastics.

Coal India

The company signed an MoU with AM Green Ammonia to supplyrenewable power for its green ammonia project from CIL’s 4.5 GW REprojects.

Jindal Drilling

The company received a 3-year contract from ONGC for deployment of rigJindal Explorer at an EDR of $35,138.71.

Lupin

The company received USFDA approval for Eslicarbazepine AcetateTablets used in treatment of partial-onset seizures with estimated annualsales of $395 million.

Nazara Technologies.

The company received NCLT Mumbai approval for its resolution plan toacquire Smaaash Entertainment, which was under insolvencyproceedings.

Navin Fluorine 

The company teamed up with Chemours to produce Opteon™ coolingfluid at Surat, with completion expected by 1QFY27, involving a $14MNcapex including $5MN from Chemours.

NLC India

The company’s subsidiary NLC India Renewables formed a 51:49 JV withAPDCL named NIRL Assam Renewables to develop, operate, and maintaingreen energy projects in Assam.

NTPC

The company will issue Rs.4,000 crore unsecured NCDs for 10 years at6.84% to fund capex, refinance loans, and for general corporate purposes

Oil India

The company approved 18% equity participation in a JV for Namrup IVFertilizer Plant and incorporation of a finance subsidiary at GIFT City.

Techno Electric & Engineering

The company launched Techno Digital Infra with a $1 billion plan todevelop, operate, and maintain 250 MW hyperscale and edge datacenters, including 102 Edge DCs with RailTel.

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