Shares of GE Vernova T&D India fell to the 5% lower circuit on November 25 after its promoter, Grid Equipments Private Ltd, announced plans to sell up to 8.38% of its paid-up equity share capital through an Offer for Sale (OFS). The stock dropped to Rs 1,823.50 on the NSE, hitting its lower price band […]
GE Vernova T&D India Hits 5% Lower Circuit as Promoter Plans 8.38% Stake Sale Read More »
Krystal Integrated Services’ shares rose 4% on November 25 after the company announced a Rs 106-crore contract win from the Brihanmumbai Municipal Corporation (BMC). The contract focuses on improving operational efficiency in Mumbai’s public services. At 10:30 AM, Krystal shares were trading at Rs 770, marking a 4% gain. However, on a year-to-date basis, the stock
Krystal Integrated Shares Gain 4% on Securing Rs 106-Crore BMC Contract Read More »
The Indian government plans to overhaul operations at IFCI Ltd, a non-bank lender, by ending its lending activities and repositioning it as an infrastructure advisory firm. According to sources familiar with the matter, the move comes in response to capital constraints and rising non-performing assets. Though the infrastructure finance company was founded in 1949, IFCI
Govt to Transform IFCI into Infrastructure Advisory Firm Read More »
Shares of HG Infra Engineering rose by 6.5% to an intraday high of Rs 1,363 on November 25 after the company secured a major contract from NTPC Vidyut Vyapar Nigam Ltd. The project, worth Rs 1,110 crore, involves procuring and installing 500 MW/1000 MWh standalone battery energy storage systems (BESS) across India, supported by viability
HG Infra Shares Gain Nearly 7% After Securing Rs 1,110 Crore Contract from NTPC Vidyut Read More »
J Kumar Infra shares jumped 16% on November 25, marking their best performance in 21 weeks. The rally followed the BJP-led alliance’s decisive victory in Maharashtra’s state elections, where it secured over 200 of the 288 seats. This outcome boosted market confidence in infrastructure development under the incumbent government, lifting stocks in the infrastructure, PSU,
Shares of RITES surged nearly 13% on November 25 after the Northeast Frontier Railway increased its project estimate for the LMG-BPB electrification work to Rs 531.77 crore, up 84% from the earlier estimate of Rs 288.44 crore. This project, part of the Lumding division of Northeast Frontier Railway, is being executed on a turnkey basis
RITES Jumps 13% as Northeast Frontier Railway Ups Project Value Read More »
Edelweiss Financial Services has engaged Nomura Holdings to assist in selling a minority stake in its mutual fund business. The Mumbai-based financial group is reportedly exploring the sale of a 25-35% stake in the unit, aiming for a valuation of $700-800 million for the entire business, as per sources familiar with the matter. The company’s
Edelweiss Plans Minority Stake Sale in Mutual Fund Unit, Hires Nomura Read More »
Apollo Micro Systems (AMSL) shares gained over 3% on November 25 after the company announced receiving orders worth Rs 4.65 crore from the Defence Research and Development Organization (DRDO). The company also revealed that it has been declared the lowest bidder for additional orders totaling Rs 16.96 crore from DRDO, public sector units, the Indian
Apollo Micro Systems Shares Rise After Securing Rs 4.65 Crore Order from DRDO Read More »
Eminent Electricity Distribution Ltd, a wholly-owned subsidiary of CESC, has signed a deal worth Rs 871 crore to take over the electricity distribution company in the Union Territory of Chandigarh. The agreement follows the receipt of a ‘Letter of Intent’ (LOI) for acquiring 100% shares in the distribution entity responsible for supplying electricity in the
CESC Arm Secures Rs 871 Crore Deal for Chandigarh Power Distribution Read More »
Saltoro Alpha LP has purchased 11.9 lakh shares, equivalent to a 2.5% stake in Ashapura Minechem Ltd, at Rs 249.1 per share. The transaction occurred as Copthall Mauritius Investment Ltd offloaded the same stake at the same price. Following this development, Ashapura Minechem’s stock rose by 2.28%, closing at Rs 254 per share on November
Saltoro Alpha Acquires 2.5% Stake in Ashapura Minechem Read More »
