Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Tata Power in talks with three states for its nuclear power project plan
Tata Power is taking significant strides in its pursuit of nuclear energy. Currently, negotiations are underway with three states regarding its upcoming projects. Anticipation builds as a comprehensive project report is slated for release within the next six months. Additionally, Tata Power is teaming up with NPCIL to bring these nuclear initiatives to fruition.
Kalpataru FY26 pre-sales up 17% to Rs 5,280 cr; Q4 net profit at Rs 194 cr
Kalpataru delivered its strongest operational performance with record pre-sales, collections, and profit growth driven by strong demand across Mumbai projects. Improved sale realisations, robust project completions, and debt reduction strengthened the developer’s financial position despite accounting-related revenue recognition timing differences.
Magnus Steel and Infra listed among approved suppliers for Tata Motors projects
Magnus Steel and Infra has secured a significant role as an approved steel supplier for Tata Motors' upcoming manufacturing facilities in Gujarat and Maharashtra. The company has already begun supplying materials through RIECO Industries Ltd. Future orders are anticipated, with an estimated engagement size of Rs 32.50 crore.
JSW Energy shares tumble 7% as Street cites debt concerns, expensive valuations
JM Financial has downgraded JSW Energy to 'Add' from 'Buy'. The brokerage said it remains confident about the company achieving its target of 30 GW capacity by 2030, but flagged concerns around elevated debt following multiple acquisitions and investments into capital-intensive projects.
Millenia WB Yield Fund commits Rs 41 crore for villa project in Hyderabad
WhiteBoard Advisory and Management, along with Casagrand, have secured SEBI approval for a Rs 500 crore fund. This capital will fuel growth for residential projects, with initial focus on Chennai, Bangalore, and Hyderabad. The fund aims to deliver yield-based returns to investors. Casagrand, a leading developer, is also pursuing an IPO.
GHV Infra gains on bagging 630 million EPC contract for Cameroon tyre plant
GHV Infra Projects rose 1.95% to Rs 269 after it has secured an engineering, procurement and construction (EPC) contract worth 630 million (around Rs 7,000 crore) from Cameroon Tyres Factory Project SA.
India clears path for big funds to bid directly for road projects
India has opened the door for pension and sovereign wealth funds to directly bid on greenfield toll-road projects, aiming to boost private investment in infrastructure. This move relaxes eligibility norms for build-operate-transfer projects, allowing institutional investors to leverage their financial strength while partnering for construction expertise. The government seeks to significantly increase the share of BOT projects in highway awards.
NTPC to submit first nuclear project feasibility study
Power giant NTPC is set to submit its first nuclear project feasibility study to the Department of Atomic Energy. This move aims to secure approval for standalone nuclear projects. NTPC plans to achieve 2 GW of nuclear capacity by 2032. The company is also exploring sites in Bihar and other states for its ambitious nuclear expansion plans.
GHV Infra Projects Bags Rs 7,000 Crore Deal For EPC Works Regarding Tyre Manufacturing Unit
The GHV Infra Projects plant will have a capacity of 7.6 million tyres per annum.
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
Hero Realty raises Rs 1,200 crore debt from IndusInd Bank to fuel expansion plans
Hero Realty secures Rs 1,200 crore debt from IndusInd Bank. A Rs 1,000 crore platform is established with HDFC Capital Advisors for housing projects in tier-1 and tier-2 cities. The company is expanding its footprint in the National Capital Region and other states. Hero Realty is developing over 6 million square feet across multiple locations.
Road projects under hybrid annuity model have stable credit risk despite execution delays: Crisil
In India, a wave of road construction projects is hitting snags, primarily due to the complexities of a hybrid annuity model. While this has resulted in postponed timelines, the credit profiles of these initiatives remain secure due to strong protections in their concession agreements. The biggest hurdle? The often cumbersome process of acquiring the necessary right-of-way.