Stock Market Updates ✅
February 8, 2025 at 02:58 AM
📍 Order Wins
- JSW Energy signs a PPA with Amazon for 180 MW wind power.
- Gensol Engineering secures an order worth ₹967.98 crore for a 245 MW solar PV project at Khavda RE Power Park, Rann of Kutch, Gujarat, including three years of O&M.
- BEL wins contracts worth ₹10,147 crore from the Ministry of Defence for enhancing the Indian Army's firepower with the PINAKA system.
- IRCON wins a ₹532 crore order in a JV with AMRIL for road construction in Manipur.
- Engineers India Ltd. wins a ₹54 crore PMC contract for Phase-I of the Paradip Petrochemical Complex from IOCL.
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📍 Acquisitions
- Redington: Turkish regulators approve Paynet's 100% sale to Iyzi Payment.
- Cummins: Board approves the 100% sale of CSSPL to PAL SVAM Power for ₹56.5 crore.
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📍 Leadership Changes
- Dreamfolks appoints Mr. Sanyam Nagpal as Vice President (VP) Business, effective February 7, 2025.
- Delhivery: Vani Venkatesh, former Global CEO of Airtel, to join as Chief Business Officer.
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📍 New Projects
- Raymond announces its 5th major Joint Development Agreement, for a ₹1,800 crore residential project in Mahim West, Mumbai, boosting its MMR expansion.
- Kolte Patil signs a 22-acre joint development project in Pune with an expected GDV of ₹4,000 crore.
- Garware Hi-Tech Films receives approval for a ₹118 crore TPU extrusion plant at Waluj, Maharashtra.
- KP Green Engineering commences delivery for its first export order to the USA.
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📍 Miscellaneous
- Solara Active incorporates a wholly-owned subsidiary related to the demerger of its CRAMS and Polymers businesses into an independent listed entity.
- DP Abhushan approved up to ₹600 crore fund raising via equity.
- Aurobindo Pharma: US FDA classifies the API manufacturing unit in Telangana as VAI (Voluntary Action Indicated) after inspection closure.
- Shakti Pump invests ₹3 crore in its wholly-owned subsidiary, Shakti EV Mobility Private Limited.
- Goa Carbon resumes operations at its Goa unit after kiln lighting and raw material feeding.
- INFOSYS clarifies reports on mass layoffs; confirms that freshers are subject to internal assessments, with up to three attempts to clear.
- MTNL: Government affirms India will honor sovereign guarantees for MTNL; no new funds infusion proposed.
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📍 Collaboration
- Thomas Cook India MICE sets its focus on Malaysia, successfully hosting a corporate outreach engagement in partnership with Tourism Malaysia.
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📍 Fundraising
- DP Abhushan approved up to ₹600 crore fundraising via equity.
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📍 Regulatory Updates
- E2E Networks has been empaneled by IndiaAI to provide AI cloud services, including compute, network, and storage, supporting AI adoption and digital economy growth.
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