朕天下娛樂城 to Watch Today, 26th March 2025: NCC, Welspun, Waaree Renewables, Ashoka Buildcon, Prism Johnson and more

After a strong market movement for a week, yesterday, for the first time, the market showed some weakness. While NIFTY & Sensex remained flat, midcap and smallcap witnessed selling pressure. Let’s see how the market behaves today.

朕天下娛樂城 to watch today?

• NCC: The company has got into a formidable position with the acquisition of two work orders from Bharat Sanchar Nigam (BSNL) valued at ?10,804.6 crore. These orders include the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for the BharatNet project in the Uttarakhand Telecom Circle (?2,647.12 crore, excluding GST) and the Madhya Pradesh, DNH & DD Telecom Circles (?8,157.44 crore, excluding GST).
• Welspun Enterprises: The company reported that its subsidiary, Welspun Michigan Engineers, in a joint venture, has bagged a ?328.12 crore order from the Brihanmumbai Municipal Corporation (BMC) for the upgrade. It has also secured a 15-year operation and maintenance project of the Haji Ali Storm Water Pumping Station in Mumbai.?
• Waaree Renewable Technologies: The company has also announced a large project win, receiving a Letter of Award for a ?232.3 crore engineering, procurement, and construction (EPC) project for a ground-mounted solar power plant with a capacity of 170 MW AC/255 MW DC. Waaree Energies will also start its 5.4 GW solar cell manufacturing plant at Chikhli, Gujarat, on 29th March.
• Prism Johnson: It has been declared the preferred bidder by the Madhya Pradesh government for mining leases of the Jamodi Mahanna Sector I (Part B) limestone block with an area of 416.73 hectares, and the Jamodi Mahanna Sector II (Part B) limestone block with an area of 264.156 hectares.?
• SIS: The company has announced a share buyback of up to 37.12 lakh equity shares (representing a 2.57% stake), for ?150 crore at ?404 per share.?
• Ashoka Buildcon: The company? has received approval from the Competition Commission of India for the acquisition of 100% equity shareholding in 11 road special purpose vehicles owned by Ashoka Concessions and Ashoka Buildcon by Epic Concesiones??
• Advait Energy Transitions: The company has been selected as the L1 bidder for a Power Grid Corporation of India contract involving the supply and installation of optical ground wire and communication equipment.

Other key updates include:?

Tax authorities have communicated with several companies.?

• Maruti Suzuki India: The company has received a draft assessment order for FY22 proposing additions/disallowances of ?2,966 crore concerning the returned income. The company has communicated to the exchange that it will file its objections before the Dispute Resolution Panel.?
• TVS Motor Company: The company has been served with an income tax demand order of ?558.96 crore for AY 2023-24, which it intends to appeal as per the exchange filings.?
• Indian Overseas Bank: The bank has received an income tax demand order worth ?558.96 crore for AY 2023-24 and is in the process of filing an appeal.?
• Redington: The company intimates to the stock exchange that it has received an order from the Income Tax Department raising a demand of ?175.10 crore.

Strategic moves and investments that are under scrutiny.?

• Oil and Natural Gas Corporation (ONGC): It has approved an investment of ?3,300 crore in its renewable energy subsidiary, ONGC Green, which will utilise these funds to acquire a 100% equity stake in Ayana Renewable Power through ONGC NTPC Green.?
• Siemens India: The Company’s energy business demerger into Siemens Energy India has been sanctioned by the National Company Law Tribunal (NCLT), Mumbai, effective 1st March 2025.?
• Brainbees Solutions (Firstcry): The board has approved fund infusions of up to ?146 crore in Globalbees Brands and AED 9 million (approximately ?20.98 crore) in Firstcry Management DWC LLC, UAE, both subsidiaries.?
• TVS Motor: Company’s Singaporean subsidiary will acquire an additional 8.26% stake in GO Corporation, Switzerland, for CHF 500,000.?
• Jyothy Labs: The company has divested its entire 75% equity stake in Jyothy Kallol Bangladesh (JKBL) to Kallol Enterprise for Bangladeshi Taka 3,01,92,134.

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