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Prachi Mehta

24th Feb · SEBI-Registered Analyst

Stocks in news today

Adani Power’s subsidiary -- !Moxie Power Generation (MPGL) has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation (TNPDCL) for supply of 558 MW (net) of power for a period of five years. Moxie Power operates a 1,200 MW (2X 600 MW) power plant in Tuticorin, Tamil Nadu. It emerged as the lowest bidder in a tightly contested bid by offering a tariff of Rs 5.910 per unit, with supply starting April 01, 2026. Now, both units of the plant have power supply agreements, and more than 95% of Adani Power’s total operating capacity is secured with medium to long-term contracts. !Sigma Advanced Systems has secured fresh orders worth about Rs 100 crore from the Ministry of Defence and associated defence PSUs. The wins underline continued customer reliance on the company for defence electronics and other mission-critical systems where qualification cycles are long and reliability standards remain stringent. The scope of work covers Surface-to-Air Missile (SAM) programmes that support next-generation air defence platforms, as well as Anti-tank missile programmes involving critical built-to-spec electronics and flight control systems.

CYIENT
’s wholly owned subsidiary -- Cyient Inc has incorporated an entity ‘CDS Lavender Holdings, Inc.’ in Delaware, USA to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Delaware. RNIT AI Solutions (RNIT) has successfully rolled out an AI-based Facial Recognition Attendance Management System (FRS) for Department of Education, in the Union Territory of Lakshadweep. This deployment represents the first implementation of such an AI-based attendance system in Lakshadweep.

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