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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 168 points higher at 22,570.35 on Thursday.

Tata Steel:

The firm has announced plans to initiate an investment of GBP 1.25 billionat the Port Talbot furnace. This move is in preparation for the impendingshutdown of the current heavy-end assets in the upcoming months.

PSP Projects:

The enterprise has sanctioned the distribution of 36 lakh shares to qualifiedinstitutional buyers deemed eligible, with each share priced at Rs 670.

Biocon:

The corporation has received approval from the NCLT for the merger planinvolving Biofusion Therapeutics with Biocon Pharma.

Crisil:

The firm’s division has been granted a license by SEBI to begin operations asan ESG Ratings Provider.

PG Electroplast:

The organization has inaugurated a new air conditioning manufacturingfacility in Rajasthan.

NHPC:

The tribunal has ruled in favor of L&T, awarding them Rs 383 crore in thedispute with the company. Additionally, NHPC has received Rs 45.18 crorefrom the counterclaim.

NLC India:

The enterprise is set to commission a 3x660 MW thermal power plant inUttar Pradesh. The Pachwara South Coal Block project has been sanctionedby the Ministry of Coal, carrying an estimated capital expenditure of Rs2,243 crore. The coal block is noted for its extractable reserve of 262.84million tonnes.

Interglobe Aviation:

The company has confirmed an order for 30 Airbus A350-900 aircraft.Furthermore, it holds the purchase rights to acquire up to 70 additionalAirbus A350 Family aircraft.

Life Insurance Corporation of India:

The board has consented to an investment of close to Rs 14 crore in LifeInsurance Corporation (Lanka), contingent upon the green light from theInsurance Regulatory and Development Authority of India and the CentralBank of Sri Lanka.

RITES:

The corporation has entered into a MOU with Ultratech Cement to provideproject management consultancy services for Rail Infrastructure projects.

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