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20-09-2024 09:49 AM | Source: ARETE Securities Ltd
The Markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start - ARETE Securities Ltd

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The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 38 points lower at 25,415 on Thursday.

Bharti Airtel:

The company, in partnership with Cisco, has launched Airtel SD-Branch, acloud-based network solution to simplify and secure enterprise networkingacross multiple locations.

Bigbloc Construction:

The company has installed a 450 kW rooftop solar power project and orderedan additional 250 kW system, totaling approximately 700 kW, to enhance itsgreen energy footprint and achieve significant operational cost savings.

CESC:

The company’s subsidiary, Purvah Green Power, has signed a term sheetwith Ecoren Energy for a wind power project of up to 686.85 MW, expectedto be commissioned within three years, pending necessary approvals.

DCX Systems:

The company has received export orders from Elta Systems Ltd. in Israel forapproximately Rs.154.80 Crores for the supply of RF Electronic Modules, tobe executed within 12 months.

GMDC:

The company has secured data for the Ambadongar rare earth deposit andwill invest Rs.3,500 Crores to establish a supply chain, aiming for 12,000tonnes of annual production by FY 2028.

Manglam Infra & Engineering:

The company has received a Letter of Acceptance for a Rs.1.29 Crore contractto conduct surveys and prepare EPC tender documents for various railwayprojects, with completion expected in 8 months.

NTPC:

The company’s subsidiary, NTPC Green Energy Limited, has filed a draft redherring prospectus for its proposed IPO of equity shares worth up to Rs.10,000 Crores, pending regulatory approvals.

Power Mech Projects:.

The company has received an order worth ?865 Crores for the Operation andMaintenance of a 3X660 MW supercritical thermal power plant in Punjab.

Religare Enterprises:

The company has fully repaid its outstanding term loan of Rs.163.75 Crores toJM Financial Products and JM Financial Credit Solutions, becoming anexternal debt-free entity.

RNFI Services:

The company has signed an agreement with Muthoot Microfin for rentalservices of PoS devices for one year, starting with 500 out of 2000anticipated orders.

Tilaknagar Industries:

The company will invest Rs.8.03 Crores in Round the Cocktails (Bartisans), amaker of natural cocktail mixers, acquiring a 36.17% stake.

Uno Minda:

The company is expanding in Indonesia with a new plant for Rs.210 Crores,relocating its Haryana facility for Rs.120 Crores, and setting up a Karnatakaplant for safety systems with an investment of Rs.283 Crores.

 

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