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Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 20 points lower at 22,913 on Thursday.

BEL:

The company secured orders worth Rs.1,292 crore - Rs.1,034 crore for SDRand DCT from the Indian Coast Guard and Rs.258 crore for additional defencesystems - bringing its total orders for the current FY to Rs.13,147 crore.

Garden Reach Shipbuilders & Engineers:

The company secured a Rs.23.07 crore contract from MEA, GoI, for refittingMauritius Coast Guard Ship Barracuda in 10 months.

GE Power India:

The company received work orders worth Rs.40.34 crore from NTPC and M.P.Power Generating for turbine parts and boiler services.

Intellect Design Arena:

The company's Insurtech unit, IntellectAI, clinched a multi-year INR 200 crdeal with a leading London brokerage to transform underwriting operationsusing its Purple Fabric platform, featuring Magic Submission and Xponentsolutions.

Krishna Institute of Medical Sciences:

The company signed a 7-year O&M agreement with Splendid Hospitals for a150-bed facility in Hyderabad, earning 9% of net revenue.

Larsen & Toubro:

The company's minerals & metals business secured large orders, including an850 KTPA alumina refinery for Hindalco in Odisha and an 8 MTPA pellet plant.

Nexus Select:

The company's board approved acquiring MBD Neopolis, Ludhiana - aGrade A mall with the Radisson Blu Hotel - from M/s. AKM Enterprises forINR 4,900 million via its SPV, with final closure expected on or before June20, 2025.

One 97 Communications:

The company launched its Paytm Solar Soundbox, a solar-powered, dualcharging payment device with auto-charge, dual battery modes, 4Gconnectivity, and multilingual audio notifications.

Radico Khaitan:

The company expanded Royal Ranthambore Whisky to CSD, targeting 10%market share in blended scotch whisky, strengthening its premium spiritsportfolio.

RailTel Corporation of India:

The company's board received a work order from the High Court of J&K andLadakh for Rs.22.44 crore for SITC and O&M of DC Infra.

Tata Power:

The company partnered with AWS to enhance operational efficiency, gridresilience, and consumer participation in India's clean energy transition.

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