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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 47 points higher at 26,033 on Thursday.

BEML

The company received Rs.157 crore order from Loram for Switch Rail Grinding Machines to supply Indian Railways for track maintenance.

Brigade Enterprises

The company acquired 4.04 acres in Neopolis Phase 3, Hyderabad for Rs.118 crore per acre, reinforcing its presence in the city’s growth corridor.

Diamond Power Infrastructure

The company received a Rs.747.64 crore LOI from Adani Green Energy for supplying 33KV HV and 3.3KV solar MV cables for Khavda and Rajasthan projects, with the update issued from Ahmedabad.

ISGEC

The company’s acquisition of 26% equity in FPEL HR1 Energy has been delayed due to procedural formalities, now expected to complete within 30 days.

RateGain Travel Technologies

The company launched Rev-AI Clarity, an AI revenue assistant that gives car rental operators instant narrative insights on demand, pricing, pacing, and performance.

RailTel Corporation of India

The company received a Rs.63.93 crore work order from CPWD for design, SITC, and O&M of an ICT network to be completed by May 2031.

Smartworks Coworking Spaces

The company leased ~1.68 lakh sq ft in Kolkata to a global IT major across its Victoria Park and Mediasiti campuses, marking the region’s largest flex-office deal.

Subros

The company secured Rs.52.18 crore Indian Railways order from Banaras Locomotive Works, Varanasi for a three-year Cab HVAC maintenance contract, taking FY order book to Rs.86.35 crore.

Transformers and Rectifiers

The company received a Rs.53.33 crore domestic order from Power Grid for repair, erection, testing and commissioning of a 397 MVA HVDC converter transformer.

Zaggle Prepaid Ocean Services

The company approved acquiring Rivpe for up to Rs.22 crore and investing up to Rs.75 crore, making Rivpe a wholly owned subsidiary in India.

Zen Technologies

The company received orders worth Rs.120 crore from Ministry of Defence, Government of India, for Comprehensive Training Node with various simulators and equipment.

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