The markets are expected to open marginally lower today as trends in GIFT Nifty - ARETE Securities Ltd
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 104 points higher at 25,041 on Tuesday
AGS Transact Technologies:
The company implemented and began managing the Prepaid Card Platform for Indian Oil’s 'XtraPower', with an estimated revenue of ?58 crore over five years.
ITI Limited:
The company received a ?300 crore order from Bihar Renewable Energy Development Authority for 100,000 Solar Street Light Systems.
JTL Industries:
The company expanded its Galvanized Iron plant in Mangaon, Maharashtra, increasing capacity by 5,000 MT per quarter.
JSW Energy:
The company received a Letter of Award for a 600 MW Wind-Solar Hybrid Power Project from MSEDCL, increasing locked-in generation capacity to 18.2 GW.
Le Travenues Technology:
The company’s bus platform AbhiBus onboarded FlixBus, Europe’s largest intercity bus service, for premium journeys across India.
Servotech Power Systems:
The company secured a contract from BESCOM to build 11 DC Fast EV charging stations at RTO premises across Karnataka.
SJVN:
The company signed an MoU with GMR and IREDA to develop a 900 MW hydroelectric project in Nepal, at a cost of ?9,100 crore.
SpiceJet:
The company settled with Carlyle Aviation, writing off $40.17 million in lease arrears, converting $30 million into equity, and investing $20 million in SpiceXpress.
Steel Strips Wheels:
The company invested ?6.93 crore in Clean Max Astria for additional renewable energy sourcing and optimizing energy costs.
Tata Consultancy Services:
The company partnered with Mansfield Building Society to implement TCS BaNCSTM for Core Banking and Digital Home Lending Solution.
Trishakti Industries:
The company secured a contract with KEC International for specialized machinery worth ?25 million.
Welspun Living:
The company’s Board approved an equity investment of up to ?1.15 crore to acquire 49% of Welspun Bhargavi for 4.60 MWp solar plants by FY2025.
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Post market comment by Mandar Bhojane, Research Analyst, Choice Broking