IGI Logo

Market Updates

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 236 points lower at 24,654 on Friday.

Azad Engineering

The company signed a $73.47 million (Rs.651 crore) long-term contract with Mitsubishi Heavy Industries to supply advanced turbine airfoils for global power generation.

Deepak Nitrite

The company’s subsidiary Deepak Chem Tech commissioned a hydrogenation plant at Dahej, Gujarat with capital expenditure of approximately Rs.115 crore.

Godrej Agrovet

The company signed a MoU with MoFPI to invest Rs.960 crore in food processing, manufacturing, and R&D facilities across five states.

Indian Railway Finance Corporation

The company sanctioned a Rs.12,640 crore rupee term loan to CSPGCL for financing its 2x660 MW supercritical thermal power project at Korba West.

Ircon International

The company received a Rs. 224.49 crore LOA from North East Frontier Railways for composite civil, electrical, mechanical, and S&T works.

Jindal Steel

The company commissioned a 5 MTPA blast furnace at Angul, doubling hot metal capacity to 9 MTPA and enhancing integrated steel production.

Paras Defence and Space Technologies

The company received an international order from Elbit Israel worth $3.8 million (Rs.34 crore) for Electro-Optics supply.

PG Electroplast

The company, via subsidiary PG Technoplast, acquired 50-acre land in Sri City for Rs.1,000 crore investment, starting with 1.2 million refrigerator capacity.

Powergrid

The company approved Rs.209.68 crore VOIP communication project and Rs.495.83 crore disaster preparedness ERS project to enhance grid operations nationwide.

Rossari Biotech

The company commissioned 20000 MTPA capacity at Dahej, while subsidiary Unitop added 15000 MTPA ethoxylation capacity, boosting overall production capabilities.

Websol Energy

The company commenced commercial production of an additional 600 MW solar cell line at Falta, West Bengal, doubling capacity to 1.2 GW alongside its 550 MW module line, fully funded through internal accruals.

Welspun Corp

The company received additional export orders worth Rs.1,600 crore for large diameter line pipes, taking its consolidated global order book to Rs.18,000 crore.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM0000127