Stocks/Share Market - Angel One

Power Mech Project Receives Contract From Vedanta’s Subsidiary Hyderabad-based engineering and construction company, Power Mech Projects Limited (PMPL), has recently secured a significant contract worth Rs 865 crore. The contract entails the operation and maintenance (O&M) of a 3X660 MW supercritical thermal power plant, owned by Talwandi Sabo Power Limited, a subsidiary of Vedanta Limited. …

On September 19, 2024, Uno Minda Limited, a leading global supplier of automotive systems, announced that it is expanding its operations in Indonesia and India. Its subsidiary, PT Minda Asean Automotive (PTMA), has received new orders for long tail lamps for passenger cars from Indonesian OEMs.  To handle this increased demand, Uno Minda will build …

Historically, the Indian automobile industry has been a good indicator of the economy’s performance, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 23,58,041 units in April 2024.  The Indian passenger car market was valued at US$32.70 billion …

Over the past year, Wockhardt’s investigational drug Zaynich™ (a combination of Zidebactam and Cefepime) has successfully treated more than 35 critically ill patients in India and the US who were suffering from severe drug-resistant infections through compassionate use. The drug has once again proven effective in managing complex and severe infections. One recent case involved …

With a reputation for producing top-notch, cutting-edge ships, Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has a long and illustrious history spanning over 130 years. The shipyard, which has built a variety of vessels for the Indian Navy and Coast Guard, including frigates, corvettes, patrol boats, and offshore patrol vessels, has been instrumental in enhancing …

Ion Exchange (India) Ltd has landed a major contract from Adani Power Ltd, valued at Rs.161.19 crore. This contract will have the water treatment and environment management company working on two 800 MW units at Adani’s Raipur and Raigarh Ultra Super Power Projects. What’s the Contract About? Ion Exchange will offer complete water and environmental …

Aurobindo Pharma Limited announced on September 18, 2024, that it has entered into a definitive agreement to acquire the remaining 49% equity stake in GLS Pharma Limited (GLS), its subsidiary. The purchase consideration for the 5,90,361 equity shares is ₹22.5 crore, valuing each share at ₹381.12. With this acquisition, GLS will become a wholly-owned subsidiary …

The Indian Renewable Energy Development Agency (IREDA) announced on Wednesday that it has secured government approval for an alternative mechanism to raise funds. The Department of Investment and Public Asset Management (DIPAM), acting upon the recommendation of a high-level committee, has authorised IREDA to dilute up to 7% of the government’s shareholding through a Qualified …

On September 18, 2024, Nazara Technologies Limited, a leading Indian gaming and sports media company, announced a significant milestone with its largest-ever fundraise. The company has secured ₹900 crores through a preferential equity issue, subject to shareholder and regulatory approvals. This substantial capital injection will fuel strategic acquisitions, expand business operations, and position Nazara to …

Introduction: A Major Leap Towards Renewable Energy INOXGFL Group’s privately held IPP platform, IGREL Renewables, has secured Rs 300 crore equity capital from prominent investors. This capital infusion aligns with IGREL’s vision to become a leading pure play commercial and industrial (C&I) renewable power generation platform in India. Expansion Plans: Aiming for 2 GW by …