Stocks To Watch: Adani Green Energy, Ion Exchange, Rail Vikas Nigam, Tata Power & More

On Wednesday, 13th March hot stocks like Adani Green Energy, Ion Exchange, Rail Vikas Nigam, and Tata Power are among the top 10 stocks that are likely to be in the focus of market watchers.

Adani Green Energy

Adani Green Energy (UP) Limited (AGEUPL), Parampujya Solar Energy Private Limited (PSEPL) and Prayatna Developers Private Limited (collectively with AGEUPL and PSEPL ), being subsidiaries of Adani Green Energy Twenty Three Limited, in which Adani Green Energy Limited and TotalEnergies Renewables Singapore Pte Limited, Singapore holds 50:50 shares., have raised USD 409 Million by allotment of U.S. dollar denominated senior secured notes in accordance with Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended and applicable Indian laws. The notes will be listed on the Indian International Exchange (IFSC) Limited (India INX). Interest on the notes will be charged semi-annually in arrears on March and September of each year, starting on March 12, 2024, and ending on March 12, 2042, at a rate of 6.7% annually.

Greaves Cotton

Greaves Finance Limited established cooperation with Muthoot Capital Services Limited (MCSL) to develop a ground-breaking co-lending agreement to improve the availability of financing options for electric two-wheelers across India through its 100% ev-focused lending platform, evfin. The collaboration entails a total deal size of up to INR 150 crores ($18 million USD).

Ramco Cements

The Gati Shakti Cargo Terminal project by Ramco Cements was officially launched on Tuesday in Jayanthipuram village, Jaggaiahpet Mandal, NTR District, Andhra Pradesh, by Honourable Prime Minister Shri. Narendra Modi. Ramco Cements will begin transporting crushed limestone from its mines in Budawada to its integrated cement factory in Jayanthipuram with the project's inauguration. This initiative is the first of its type in the nation; a cement firm will use electric locomotives to transport crushed limestone in an environmentally friendly manner via railway waggons from its mines to the cement plant's waggon unloading area.

Easy Trip Planners

The inauguration of a new franchise shop in Gurugram, Haryana, by EaseMyTrip.com, the top travel management platform in India, is a major milestone in the company's continuous national expansion. This new franchise, which is EaseMyTrip's second in the city, is situated at Shop No. 14, First Floor, M3M Tee Point, Sector 65, Gurugram. It demonstrates the company's commitment to improving travel service accessibility through a thoughtful combination of online and offline methods.

Star Cement

The company has declared that on March 12, 2024, its recently established 2 MTPA cement grinding unit of subsidiary M/s Star Cement North East Limited, located at Gopinath Bordloi Road, Chamta Pathar, Sonapur, Kamrup, Assam - 782402, successfully began its commercial operation.

Tata Power

The largest solar and battery energy storage system (BESS) project in the nation has been successfully put into service at Rajnandgaon, Chhattisgarh. The project consists of a 100 MW solar photovoltaic project combined with a 120 MWh utility-scale battery energy storage system (BESS). Tata Power Solar Systems Limited (TPSSL) is a fully integrated solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL). In December 2021, TPSSL was awarded this Rs 945 crore project by the Solar Energy Corporation of India Limited (SECI) on an Engineering Procurement and Construction (EPC) basis. The project is anticipated to substantially contribute to India's renewable energy targets by generating an estimated 243.53 million units of energy annually and reducing its carbon footprint by 4.87 million tonnes in 25 years.

Jubilant Ingrevia

Leading developer of renewable energy, O2 Renewable Energy XVIII Private Limited ('O2 Renewable'), a group company of O2 Power SG PTE. LTD, Singapore, and Jubilant Ingrevia Limited announced their partnership on Tuesday. With this alliance, the company takes a big step towards building hybrid open surplus power generation from solar and wind energy sources. In order to meet the company's power needs and its growing demand for green energy to power its production plants in Gajraula, Uttar Pradesh, and Savli, Gujarat, it aims to get renewable energy through a captive arrangement.

Rail Vikas Nigam (RVNL)

For the purpose of "Construction of New 8 Nos. 132 kV GSS Arnod, Chitamba, Devri, Jarkhoda, Peelwa Nadi, Ralawata, Seeswali, and Tarnau along with associated lines and 132KV bays including supply of all equipments/materials, erection (including civil works), testing and commissioning on Supply - ETC basis under BN-9016002314," Rajasthan Rajya Vidyut Prasaran Nigam Limited has granted RVNL a huge order of Rs Rs 193 Cr.

Ion Exchange (India)

One of the largest mining corporations in Saudi Arabia, Maaden, granted the company a contract on Tuesday for the establishment of a water treatment facility that includes a demineralization plant. The contract is estimated to be worth Rs 120 crores. The project is to be completed within 1 year from the date of Letter of Acceptance.

Mahindra Lifespace Developers

On Tuesday, Mahindra Lifespace Developers Limited (MLDL) declared that it had acquired 9.4 acres of land in Whitefield, Bengaluru. The land's gross development value is estimated to be Rs 1700 crore, with a potential floor area of around 1.2 million square feet, mostly used for mid-premium residential flats. Mahindra Lifespaces anticipates starting the project's initial phase in the upcoming 12 months. The location is in Bengaluru's thriving Whitefield neighbourhood, which provides access to tech parks, business areas, and well-developed social infrastructure, such as nearby healthcare facilities, retail establishments, and educational institutions. The property is also near the Whitefield Hope Farm Metro station, which provides good access to Bengaluru's south and center.