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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 83 points higher at 25,235 on Friday.

Adani Power:

The company’s consortium has secured NCLT approval for acquiring 100% of Coastal Energen Private Limited for ?3,330.88 crore, with the acquisition expected to be completed by October 28, 2024.

Adani Ports:

The company acquires an 80% stake in global OSV operator Astro Offshore for $185 million.

Garden Reach Shipbuilders:

The company signs an MOU for launching double-lane Class 70 modular steel and Bailey bridges.

Gujarat Gas:

The company approved the demerger of the gas transmission business from GGL into GSPL Transmission.

Gujarat State Petronet:

The company says it has approved the amalgamation of GSPC, GSPL, and GEL with GGL.

Hazoor Multi Projects:

The company gets an order worth ?400 million from Welspun Enterprises for stacking and dewatering work and a work order worth ?300 million from B.G. Shirke Construction Technology for excavation of various sites.

Marine Electricals (India):

The company received an order worth ?36.6 million from L&T Shipbuilding.

Mahindra EPC Irrigation:

The company received orders worth approximately ?143.6 million for supplying micro irrigation systems to be executed within 12 months, with no related party interests involved.

M&M:

Mahindra & Skoda VW are poised for a 50:50 EV joint venture, focusing on battery-powered SUVs.

NHPC:

The company says the Ministry of Finance has approved the grant of Navratna status to the company.

Power Finance Corp:

The company says Bhadla-III & Bikaner-III transmission transferred to Power Grid Corp of India for ?122.2 million.

Thomas Cook:

The company expands retail distribution in Chennai by opening a new outlet at Parry's Corner, increasing consumer access to 8 locations in the city and 14 locations in Tamil Nadu.

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