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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 245 points higher at 24,876 on Monday.

Dilip Buildcon

The company’s JV with RBL received Rs.1,503.63 crore LOA from GMRL for the Gurugram Metro project of 27 stations over 30 months.

Enviro Infra Engineers

The company invested Rs.25 crore in subsidiary EIE Renewables through subscription of 2.5 crore equity shares at Rs.10 each.

Hindustan Zinc

The company approved setting up India’s first zinc tailings reprocessing plant at Rampura Agucha with 10 mtpa capacity, investing Rs.3,823 crores.

JSW Steel

The company signed a 50:50 non-binding Heads of Agreement with POSCO Group for a JV to explore a 6 MTPA integrated steel plant in India.

Knowledge Marine & Engineering Works

The company received a Rs.28.32 crore work order from Dredging Corporation for maintenance dredging at Pondicherry Port over 3 months.

Mahindra Logistics

The company approved Rs.263.86 crore investment in wholly-owned subsidiary MLL Express Services and Rs.2.02 crore in V-Link Freight Services for debt repayment.

ONGC

The company signed a Rs.39.42 crore agreement with Engineers India to establish a helium recovery plant in Tamil Nadu within 18 months.

Oriana Power

The company secured a Rs.476.13 crore EPC contract from a cement industry for a 75 MW solar plant with 111.57 MWh BESS in Rajasthan.

Reliance Industries

The company’s arm Reliance Consumer Products acquired a majority stake in JV with Naturedge Beverages to foray into herbal-natural functional beverages.

Reliance Power

The company announced incorporation of GDL-Reliance Solar Pte Ltd in Bhutan through associate REPL, holding an indirect 25% stake in renewable energy venture.

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