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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 23 points higher at 25,891 on Thursday.

Bharat Electronics:

The company received a Rs.633 crore order from Cochin Shipyard Limited.

Bharat Forge:

The company was declared L1 bidder for 60% of the Indian Army’s CloseQuarters Battle Carbine program, with contract finalization underway at theMinistry of Defence.

Bondada Engineering:

The company received a Letter of Intent from Adani Green Energy for supplyand installation of Balance of System (BOS) goods for a 650 MW solarproject at Khavda Renewable Energy Park, Gujarat.

Caplin Steriles (subsidiary of Caplin Point Laboratories):

The company received USFDA approval for Nicardipine Hydrochloride inSodium Chloride Injection, a generic of Hikma’s product with US sales ofabout $68 million.

Cipla:

The company will market Tirzepatide under the brand name Yurpeak™ inIndia, indicated for type 2 diabetes and chronic weight management,pending regulatory approval.

Jain Resource Recycling:

The company entered a joint venture with C&Y Group Investments, Inc. toestablish a scrap recycling facility in Ahmedabad, holding 52% in the JV company

Kirloskar Ferrous Industries:

The company received an order worth Rs.358 crore from ONGC for supply ofEUE Tubing, Pup Joints, and Cross Overs, to be executed from October 2025to October 2026.

Pace Digitek:

The company received a Rs.1,159.31 crore order from Solar EnergyCorporation of India for 600 MW/1200 MWh Battery Energy Storage System(BESS) supply with 10-year maintenance.

Premier Energies Ltd:

The companies jointly acquired 100% of KSolare Energy for Rs.170 crore(51:49 ratio) to expand into India’s residential inverter market under the PMSurya Ghar initiative.

SBI:

The company raised Rs.7,500 crore through issuance of Basel III-compliantTier 2 bonds at a 6.93% coupon rate.

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