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Prachi Mehta

26th Nov · SEBI-Registered Analyst

Stocks in news today

APOLLO
(AMS) has entered into Joint Development Memorandum of Understanding (MoU) with the Indian Navy represented by Directorate General of Naval Armament Inspection (DGNAI), and the Indian Institute of Technology, Chennai (IIT-Chennai). This unique tripartite agreement leverages the core strengths of India's defence ecosystem: academic research, military domain expertise, and industrial manufacturing capacity. The collaboration is focused on addressing and solving present and future problem statements of the Armed Forces through indigenous research and development (R&D). !KP Green Engineering has successfully executed and dispatched its first Heavy Engineering Product – a Rail Over Bridge (ROB) structure for Chennai Metro. The structure has been designed, engineered and fully manufactured at its newly launched Matar facility, demonstrating the company’s capability to undertake complex and large-scale steel structures for metro and railway infrastructure requirements. This further reinforces that the new Matar facility is operational and progressing steadily on its pathway toward achieving complete capacity utilisation. !Jyoti’s Switchgear Division has secured Letter of Intent (LoI) of Rs 40.77 crore (Including GST) for Supply of 11 KV VCB PANELS (Quantity 525 Nos.) From Gujarat Energy Transmission Corporation, Vadodara, Gujarat. Bliss GVS Pharma’s wholly owned subsidiary--Bliss GVS International, Singapore, has incorporated a wholly owned subsidiary namely ‘Theralife Pharma’, Nairobi, Kenya. The entity being acquired belongs to Pharmaceutical and Healthcare Industry. Aditya Birla Capital (ABCL) has made an investment of Rs 40 crore on rights basis, in the equity shares of Aditya Birla Capital Digital (ABCDL). Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABCDL continues to be wholly owned subsidiary of the Company. ABCL is making the investment in ABCDL to meet its growth and funding requirements.

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