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 733 points higher at 23,264 on Monday.
Adani Power Limited:
The company is set to amalgamate its subsidiary, Mahan Energen, withStratatech Mineral Resources, aiming to improve fuel security and marketcompetitiveness.
Shriram Finance Limited:
The company has raised a substantial social loan amounting to USD 468 mn inmulti-currency, aimed at supporting its growth and social empowermentobjectives.
Zee Entertainment Enterprises Limited:
The board will convene on June 6 to consider various fund-raising options.
JTL Industries Limited:
The company has announced the successful completion of Phase 1 expansionat its subsidiary Nabha Steels and Metals, achieving a production milestone of5,000 metric tons/month of HR coils, with plans for Phase 2 expansion tofurther enhance backward integration and support an increase in EBITDA byRs. 2,000 per ton.
Seamec Limited:
The deployment of the vessel “Seamec Swordfish” with Zamil OffshoreServices has been extended for an additional 30 days, with the charter rateincreased from $55,900/day to $57,900/day, totaling a charter hire of $1.737million for the extension period.
South West Pinnacle Exploration:
The company reports that the aggregate value of the contract isapproximately ?84.9 million plus applicable GST, with the project slated forcompletion within 5 months.
Rail Vikas Nigam Limited:
The company has received a Letter of Acceptance from South Central Railwayfor a significant order valued at ?4.40 billion.
Century Textiles and Industries:
The company’s unit has established a wholly-owned subsidiary, VibhavyaProperties, to focus on real estate projects.
Insolation Energy Limited:
The company’s unit has secured purchase orders for the supply of solar PVmodules MONO PERC M-10, with the orders valued at ?268.5 million.
Techno Electric:
The company has completed the acquisition of NERES XVI PowerTransmission from REC Power Development and Consultancy for ?7.15 crore.
Dr. Reddy’s Laboratories:
The company’s subsidiary, Aurigene Pharmaceutical Services, has inaugurateda new biologics facility in Hyderabad, enhancing its capabilities in process andanalytical development, as well as small-scale manufacturing of antibodiesand other recombinant proteins.
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