KEC International has secured new orders worth Rs.1,303 crore across its transmission and distribution (T&D) and cables businesses. The latest wins have taken the company’s T&D order intake to more than Rs.7,600 crore.
KEC International has secured new orders worth Rs.1,303 crore across its transmission and distribution (T&D) and cables businesses. The latest wins have taken the company’s T&D order intake to more than Rs.7,600 crore.
SS Retail is scheduled to open its IPO on September 16 and close on September 18. The issue is expected to raise around Rs.500 crore, including a fresh issue of Rs.360 crore and an Offer for Sale of Rs.140 crore.
Jindal Supreme is scheduled to launch its IPO on September 16 and close on September 18. The price band is reported at Rs.88–93 per share, with the issue forming part of this week’s busy mainboard IPO calendar.
The Indian equity markets are closed on Monday, September 14, on account of Ganesh Chaturthi. Trading across the BSE and NSE will resume on Tuesday, with investors expected to react to developments in global markets during the holiday.
Air India is reducing its scheduled capacity by 8.8% YoY in September to around 3.2 million seats. The reduction is nearly twice the overall capacity decline expected across the airline industry during the month.
Crude oil prices moved higher as renewed tensions in the Middle East raised concerns about possible disruption to energy supplies. Brent crude remained above the $100-a-barrel mark as investors assessed developments involving Iran, Gulf shipping routes and attacks affecting regional infrastructure.
Gold prices declined on Monday as rising crude oil prices increased concerns over inflation and strengthened expectations that the US Federal Reserve could maintain a tighter monetary stance. Spot gold fell around 0.3% to $4,334.31 an ounce, while US gold futures declined 0.8%.
The Indian rupee remains under pressure as elevated crude prices increase demand for dollars and concerns over the Middle East add to global risk aversion. The currency has been trading close to record-low levels against the US dollar.
Axiom Gas Engineering is set to launch its SME IPO from September 18 to September 22. The issue size is around Rs.49.81 crore, with the price band fixed at Rs.50–53 per share. The company is proposed to list on the NSE SME platform.
Ceigall India has reported an order book of around Rs.5,300 crore, strengthening its project visibility across infrastructure and transmission-related activities.
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