RITES, Adani Green Energy and Ceigall India to see some action today

23 Mar 2026 Evaluate

RITES has received Letter of Acceptance worth Rs 105.69 crore, excluding GST, from Research Designs and Standards Organisation (RDSO), Lucknow for Comprehensive maintenance contract of dedicated test track between Gudha and Thathana Mithri stations of Jodhpur division of NWR.

Adani Green Energy, through its various step-down subsidiaries, has operationalized an aggregate 510.1 MW power projects at Khavda, Gujarat. With commissioning of these plants, the company’s total operational renewable generation capacity has increased to 17,982.3 MW.

Ceigall India’s wholly owned subsidiary -- Ceigall Infra projects (CIPPL) has emerged as the L1 bidder for project by the National Highways Authority of India (NHAI). The project is for the construction of 6-lane access-controlled Spur connectivity starting from Ch. 15+100 of Ambala - Chandigarh section of NH-205A and terminating at Ch. 2+500 of Zirakpur Bypass (Total length 10.300 Km) under NH(O) in the state of Punjab on Hybrid Annuity Mode. The Bid cost of the project is Rs 603.00 crore.

Dr. Reddy's Laboratories has launched its injectable semaglutide under the brand name Obeda, marking an important step in expanding access to advanced GLP 1 receptor agonist-based therapy for the management of type 2 diabetes in India. The company has been the first Indian company to receive Drugs Controller General of India (DCGI) approval for generic semaglutide. This launch underscores the company’s Day 1 entry into the segment upon patent expiry, demonstrating its readiness to serve unmet patient needs in India.

Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Purchase Agreement (PPA) on March 20, 2026 to acquire 26% stake in Ventora Energy, an SPV of Ultra Mega Power, in one or more tranches, at an aggregate consideration of around Rs 4.42 crore, to source wind power as a captive consumer for a capacity up to 8.1 MW located in the State of Tamil Nadu.

Monarch Surveyors and Engineering Consultants has bagged a work order for preparation of DPR for 6-lane Road from Harsaru bypass of Gurugram Pataudi road at Wazirpur (NH352W) to Jhajjar (NH-352), including construction of Farrukhnagar Bypass. The project has been awarded under a Joint Venture (JV), in which the Monarch Surveyors and Engineering Consultants holds a 40% partnership stake. The total order value of the project is around Rs 2.88 crore. The company has received order from National Highways Authority of India (NHAI).

Chiraharit has received a purchase order worth Rs 1.56 crore from Newzone India (Torrent Group Company), for supply, erection, testing & commissioning of electromechanical works for construction & potable (drinking) water system.

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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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