Top gainer: ITC 511 ▲ 7 (+1.5%)
Top loser: NTPC 413 ▼ 16 (-3.8%)
IEX declines despite logging 24% surge in total volume in September 2024
Indian Energy Exchange (IEX)’s shares were trading higher by 1.2% at ₹210.60 per share on Monday after the company announced a 24% year-on-year (YoY) rise in its total volume in September 2024 to 11,370 million units (MU). The total monthly volume also includes certificates. However, the shares gave all morning gains to trade 3% lower in mid-market session on Monday at ₹201 apiece on the NSE. Read more
Antony Waste Handling Cell soars as its arm secures contract worth ₹908 crore
Antony Waste Handling Cell’s wholly owned subsidiary – AG Enviro Infra Projects, has secured a contract worth ₹908 crore from Navi Mumbai Municipal Corporation (NMMC) for the Project of Collection & Transportation of Municipal Solid Waste and Related allied works in NMMC. This contract has a concession period of 9 years. This milestone marks a significant step forward in the company’s collaborative efforts with NMMC to improve waste management services in Navi Mumbai. Read more
HeidelbergCement shares zoom 18%, hit 52-week high on reports Adani Group likely to acquire firm
Shares of HeidelbergCement India rallied as much as 17.95% to hit a 52-week high of ₹257.85 apiece on the BSE on Monday, October 7, as The Economic Times reported that the Adani Group is in talks to buy the Indian cement operations of Germany’s Heidelberg Materials in a deal that could be worth about $1.2 billion. Adani Group, led by billionaire Gautam Adani, entered India’s cement sector in 2022 by buying Holcim’s local units and has made a string of acquisitions since then as it competes with top cement producer UltraTech Cement for market share, said a Reuters report. Read more