Stock Insights : GAIL Ltd, NBCC India Ltd, ACME Solar Ltd, Cochin Shipyard Ltd, Adani Enterprises- ARETE Securities Ltd Ltd
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 140 points lower at 24,971 on Monday.
Adani Enterprises
The company commissioned India’s first off-grid 5MW green hydrogen pilotplant in Kutch powered by solar and battery storage systems.
Balu Forge Industries The company acquired a 40% stake in Swan Balu Heavy Industries, a newlyformed JV SPV with Swan Energy for Defence, Aerospace, Railways andNuclear sectors.
Bondada Engineering
The company’s subsidiary BMSPL received a Rs.2.71 crore work order fromMicrosoft India for data center operations in Hyderabad.
Cochin Shipyard
The company’s subsidiary Hooghly CSL secured a Rs.100–250 crore notableorder from Antara River Cruises to build two luxury vessels.
Devyani International
The company will invest up to Rs.106.25 crore to raise its stake in Sky GateHospitality from 80.72% to ~86.13% via cash.
Embassy Developments
The company signed a JDA for a ~17.9-acre residential project in Whitefield,Bengaluru with a GDV of Rs.1,600 crore, targeted for launch in FY27.
Enviro Infra Engineers
The company received LOI from PTC India Financial for acquiring VentoPower Infra’s Rs.115.61 crore, 40 MW solar project in Odisha.
GAIL
The company approved Rs.844 crore capex to add 2.5 MMSCMD capacity tothe DUPL–DPPL network in 3 years via debt and equity.
Garware Technical Fibres
The company’s UK arm approved Rs.111 crore cash acquisition of Norwaybased OTS and AMS to strengthen offshore, aquaculture and Europeanportfolio.
H.G. Infra Engineering
The company was declared L1 bidder by MES for a ?117.77 crore contractto build an integrated material handling facility in Mumbai.
NBCC India
The company received a Rs.296.53 crore work order from MeerutDevelopment Authority for redevelopment projects in Meerut, UP.
Waaree Renewable Technologies
The company signed a non-binding MoU with Viet Khanh JSC for 100MWpturnkey solar EPC project, with terms to be finalized.
Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012
