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BEML Signs MoUs with Siemens India & Dragflow Italy; Stock Rises Over 6%

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  Summary: BEML Limited has entered into two strategic agreements to expand its presence in rail transport and dredging solutions : 1️⃣ MoU with Siemens India → To explore semi-high-speed, suburban, metro, and commuter rail opportunities . 2️⃣ MoU with Dragflow S.R.L., Italy → To strengthen indigenous dredging solutions. 📈 Stock Performance: BEML's stock rose above 6 % , surging to ₹2,641.10 from the previous close. Previous Close : ₹ 2,490.10 📊 Key Data Points: ✔ Rail MoU: Siemens India – Semi-high-speed, suburban, metro, and commuter trains. ✔ Dredging MoU: Dragflow Italy – Strengthening local dredging technology. ✔ Stock Movement: Surged over 6% post-announcement. About the Company Incorporated in 2000 with headquarters in Chennai SEPC Limited provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services. Disclaimer: The information provided on Bharat Stock Ne...
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SEPC Signs Framework Agreement with ROSHN Group; Stock Hits 20% Upper Circuit

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 Summary SEPC has signed a Framework Agreement with M/s ROSHN Group Company, Riyadh, Saudi Arabia (KSA) for infrastructure works in the country. The company has bid for three zones in Jeddah North, Phase 1A , with a total project value of SAR 893 million (approx. ₹2,200 crores) . Following the agreement, Call-off Orders can be expected for at least one of the three zones. Stock Performance: SEPC's stock hit the 20% upper circuit , surging to ₹15.36 from the previous close. Previous Close  ₹ 12.78 Key Data Points: Project Location: Jeddah North, Phase 1A, Saudi Arabia. Project Value: SAR 893 million (₹2,200 crores). Expected Orders: Minimum of one zone out of three. About the Company Incorporated in 2000 with headquarters in Chennai  SEPC Limited provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services. Disclaimer: The information provided on Bharat Stock...
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Hitech Corporation to Shut Down loss making Unit; Stock Rises 11.64%

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  Summary: Hitech Corporation Limited has decided to close operations at its PPMF business unit in GIDC Sarigam, Gujarat , citing continued operational losses, rising production costs, and diminishing market demand. The unit contributed Rs.6.87 crore (1.22%) to the company's total revenue of Rs.563 crore in FY 2023-24 , with a negative 0.23% impact on overall profitability and net worth. Stock Performance: Hitech Corporation's stock rose nearly 12% , surging to Rs. 219.99 from the previous close of Rs . 197.05 per share. Market Cap: Rs. 366.77 Cr. Key Data Points: Location: GIDC Sarigam, Gujarat Unit Turnover:  Rs.6.87 crore (1.22% of total revenue) Company Turnover (FY 2023-24):  Rs.563 crore Reason for Closure: Unviable operations due to losses, rising costs, and weak demand About the Company: Incorporated in 1991,  The Hitech Group is a leading Indian conglomerate that operates across diverse sectors, including the manufacturing of plastic packaging for vari...
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