Jewellery stocks will come under pressure on Wednesday after the Government imposed a 15% customs duty on gold and silver, up from 6%.
Alfa Transformers secures transformer supply order in Odisha
Alfa Transformers has received a contract worth Rs 8.15 crore from TP Western Odisha Distribution (TPWODL), a joint venture of Tata Power and the Government of Odisha, for the supply of distribution transformers in various capacities. The contract is expected to be completed by May 5, 2028.
Interarch Building Solutions bags ₹102 crore domestic order
Interarch Building Solutions Ltd has won a domestic order valued at approximately ₹102 crore plus taxes for the Design, Engineering, Manufacturing, Supply & Erection of a Pre-Engineered Steel Building System. The order has an execution timeline of approximately 8–10 months, with the customer’s identity withheld for confidentiality reasons.
Chiraharit receives order for module cleaning systems
Chiraharit has received a purchase order valued at approximately Rs 1.49 crore from Solarworld Energy Solutions for the supply and service of the Module Cleaning System. The execution and commissioning of the order will be completed within 8 weeks.
Active Clothing to launch NUEMO retail platform
The board of Active Clothing Co has approved the launch of NUEMO, a multi-brand retail platform targeting Tier 2 and Tier 3 towns in India, offering men’s, women’s, and kids’ apparel. The initiative is aligned with the company’s long-term growth strategy and targets a projected topline of ₹200–250 crore within four years, subject to market conditions and execution performance.
NCLT approves merger of Choice International subsidiaries
The NCLT Mumbai Bench approved the Scheme of Amalgamation merging Choice Wealth Private Limited (CWPL) into Arete Capital Service Private Limited (ACSPL), both of which are wholly owned subsidiaries of Choice Equity Broking Private Limited under Choice International Limited. The merger aims to achieve operational synergies, cost efficiencies, and improved profitability with CWPL. The amalgamation will not alter the shareholding pattern of the listed entity.
Texmaco Rail wins over ₹4,045 crore South African order
Texmaco Rail and Engineering Ltd has received a major international rail opportunity in South Africa valued at more than ₹4,045 crore through a letter of award from a South African train operating company. The order covers the supply of more than 2,235 freight wagons across multiple variants, along with 30 diesel locomotives.
Puravankara subsidiary secures Bengaluru hotel project
Starworth Infrastructure and Construction Ltd, a subsidiary of Puravankara, has secured a ₹57.81 crore order for the Westin Hotel project in Whitefield, Bengaluru.
N R Agarwal Industries plans expansion into property development
The board of N R Agarwal Industries has approved an alteration of the company’s Memorandum of Association. The changes include renumbering existing Clause 35A to Clause 36 and inserting a new Clause 37 to enable the company to develop, construct, sell, lease, and commercially utilise its land and immovable properties, subject to shareholder approval via a Special Resolution.
Race Eco Chain arm invests in recycling business
Ganesha Recycling Chain Pvt Ltd, a subsidiary of Race Eco Chain Ltd, has invested Rs. 2 crore in a step-down subsidiary, GEM Polymers Private Limited, acquiring a 49% equity stake through 2,00,000 shares at a face value of Rs. 10 each, paid entirely in cash. GEM Polymers operates in the recycling sector. The transaction is classified as a related party transaction, with no promoter or group company interest, and requires no regulatory approvals.