RITES, ACME Solar Holdings and NIBE to see some action today

10 Jun 2025 Evaluate

RITES has received Letter of Acceptance (LOA) for Construction Supervision for the extension of East Bank- East Coast Road Project Phase 2 (Eccles to Providence) including additional work for existing assignment from Ministry of Public Works, the Co-operative Republic of Guyana. The contract has 18 months of Construction Supervision and 12 months of the Defects Liability Period.

ACME Solar Holdings’ wholly owned subsidiary -- ACME Sikar Solar has commissioned Phase-III of 75 MW of solar power project at Bikaner, Rajasthan on June 09, 2025. With this ACME Sikar Solar has achieved a commissioned capacity of 240 MW out of 300 MW and the balance capacity is under commissioning. With this, the total operational renewable energy capacity of the company has increased to 2,806.4 MW.

NIBE has entered into a Licensing Agreement with Research & Development Establishment (Engrs.) (R&DE(E)), Pune, Defence Research and Development Organisation (DRDO), India, Ministry of Defence, Government of India for Transfer of Technology of ‘Modular Bridging System’ of various lengths from 14m to 46m.

Jupiter Wagons’ electric commercial vehicle arm -- Jupiter Electric Mobility (JEM) has inaugurated its maiden showroom in Jayanagar, in the heart of the city, Bengaluru, introducing its 1.05 ton 4-wheeler electric light commercial vehicle (eLCV) - JEM TEZ to one of India’s most vibrant urban logistics markets. With this strategic launch, JEM reinforces its dedication to provide purposebuilt solution for India’s fast evolving last-mile delivery ecosystem and support India’s transition toward sustainable and clean transportation.

Apollo Pipes has made further investment by acquiring an additional equity stake of 1.01 % through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the company. The company has increased its holding from 57.59 % to 58.60 % in KML.

ZEE Entertainment Enterprises (Z) has entered into strategic partnership with the new-age content & tech start-up Bullet, co-founded by serial entrepreneurs Azim Lalani and Saurabh Kushwah. Bullet has developed India’s first Micro-Drama application focused on fast-paced, creatordriven content through short duration vertical format episodes targeted towards the younger audiences. In line with the Company’s strategic transformation into a Content & Technology powerhouse, Z has entered into a strategic equity partnership, wherein it will invest / acquire stake in Bullet.

TIL has formed a dedicated Strategic Business Unit (SBU) called 'TIL Defence' to consolidate its expanding defence portfolio and accelerate indigenous production of critical military systems. The decision, approved by the company's Board of Directors, marks a strategic evolution in TIL's 80-year journey and represents the natural progression of the company's defence capabilities under Gainwell Group ownership since January 2024.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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