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30-10-2024 09:04 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trends in GIFT Nifty - ARETE Securities Ltd

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The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 127 points higher at 24,466 on Tuesday.

Atul:

The company has completed a capacity increase of Liquid Epoxy Resin from 30,000 tpa to 80,000 tpa with an investment of ?200 crore funded through internal accruals.

Aurionpro Solutions:

The company acquired data center orders worth ?150 crore for an edge data center in NCR and ?20 crore consultancy for Mumbai and Chennai sites.

EKI Energy Services:

The company registered India's first floating solar project under the Voluntary Carbon Market, generating 24.7 MW and mitigating 38,376 tonnes of CO2 emissions annually.

EFC (I):

The company signed a Letter of Intent to lease 78,084 sq. ft. in Hyderabad, expanding its serviced office space to nearly 2 lakh sq. ft. in Silicon Towers for improved efficiency and services.

Gujarat Fluorochemicals:

The company reported Q2 results with sales up +25% YoY to ?1,188 crore (?1% QoQ), EBITDA up +80% YoY to ?295 crore (?13% QoQ), and net profit up +128% YoY to ?121 crore (?12% QoQ).

Jio Financial Services:

The company established Jio BlackRock Asset Management and Jio BlackRock Trustee, investing ?82.50 crore and ?0.40 crore, respectively, for a 50% stake in each.

JSW Energy:

The company confirmed it submitted the top financial bid for KSK Mahanadi Power's resolution plan under the insolvency process.

PNC Infratech:

The company was declared the L1 bidder for the "Construction of additional 3-Lane Bridge over River Ganga," but the bidding process was annulled by the National Highways Authority of India.

Servotech Power Systems:

The company reported Q2 results with sales up +170% YoY to ?183 crore (?87% QoQ), EBITDA up +232% YoY to ?19 crore (?122% QoQ), and net profit up +278% YoY to ?11 crore (?140% QoQ).

Tata Consultancy Services:

The company secured a 15-year contract to implement Ireland’s Auto Enrolment Retirement Savings Scheme, providing digital solutions for nearly 800,000 workers.

Tata Power:

The company partnered with IndusInd Bank to offer collateral-free solar financing for Micro and Small Enterprises, providing loans from ?10 lakh to ?2 crore.

Transformers and Rectifiers (India):

The company secured orders totaling ?270.21 crore from Siemens, Adani Energy Solutions, AMNS India, and Jindal Group for various transformer supplies.

 

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