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HG Infra Shares Gain Nearly 7% After Securing Rs 1,110 Crore Contract from NTPC Vidyut

HG Infra Shares Gain Nearly 7% After Securing Rs 1,110 Crore Contract from NTPC Vidyut

/ Indian Market /

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 […]

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J Kumar Infra Shares Surge 16% as Maharashtra Election Results Fuel Infrastructure Optimism

J Kumar Infra Shares Surge 16% as Maharashtra Election Results Fuel Infrastructure Optimism

/ Indian Market /

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,

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RITES Jumps 13% as Northeast Frontier Railway Ups Project Value

RITES Jumps 13% as Northeast Frontier Railway Ups Project Value

/ Indian Market /

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

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Edelweiss Plans Minority Stake Sale in Mutual Fund Unit, Hires Nomura

Edelweiss Plans Minority Stake Sale in Mutual Fund Unit, Hires Nomura

/ Indian Market /

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

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Apollo Micro Systems Shares Rise After Securing Rs 4.65 Crore Order from DRDO

Apollo Micro Systems Shares Rise After Securing Rs 4.65 Crore Order from DRDO

/ Indian Market /

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

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CESC Arm Secures Rs 871 Crore Deal for Chandigarh Power Distribution

CESC Arm Secures Rs 871 Crore Deal for Chandigarh Power Distribution

/ Indian Market /

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

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Saltoro Alpha Acquires 2.5% Stake in Ashapura Minechem

Saltoro Alpha Acquires 2.5% Stake in Ashapura Minechem

/ Indian Market /

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

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SEBI Suggests External Oversight in Hiring Key Roles at Stock Exchanges and MIIs

SEBI Suggests External Oversight in Hiring Key Roles at Stock Exchanges and MIIs

/ Indian Market /

SEBI has proposed new guidelines for hiring key management personnel (KMPs) at market infrastructure institutions (MIIs), including stock exchanges. The market regulator suggested involving an independent external agency and SEBI itself in the recruitment process for critical positions like heads of technology, operations, and compliance. These, among other proposals, have been set out in a

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Enviro Infra Engineers Raises Rs 195 Crore from Anchor Investors Before IPO

Enviro Infra Engineers Raises Rs 195 Crore from Anchor Investors Before IPO

/ Indian Market /

Enviro Infra Engineers, a provider of water and wastewater management solutions, raised Rs 194.7 crore from institutional investors through its anchor book on November 21. The company aims to raise Rs 650.4 crore via its IPO, which includes a fresh issue of 3.86 crore equity shares worth Rs 572.46 crore and an offer-for-sale of 52.68

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