Mobavenue AI Tech, Powerica and ACME Solar Holdings to see some action today

16 Jul 2026 Evaluate

Mobavenue AI Tech has commenced operations in Singapore, establishing the city-state as its regional hub for Southeast Asia. The expansion marks the next phase of the company's international growth strategy and deepens its presence in one of the world's fastest-growing digital economies. Operations will run through MAITL ASIA, a wholly owned subsidiary of Mobavenue Global Holdings From Singapore, Mobavenue will scale its AI-powered capabilities across programmatic media, audience intelligence, omnichannel customer engagement and consumer growth for brands and agencies across ASEAN.

Powerica has emerged as a winning bidder in the e-Reverse auction conducted by Solar Energy Corporation (SECI) for purchase of power through competitive bidding process from 2,000 MW grid-connected Wind Power Projects. The company has successfully secured the bid for 100MW project. The electronic reverse auction was finalized on July 15, 2026, where Powerica had submitted its competitive bid. The company’s discovered tariff was Rs 3.85 per unit. The Letter of Award (LOA) is expected to be awarded within the stipulated timelines prescribed in the tender document.

ACME Solar Holdings (ASHL), through its wholly owned subsidiary i.e. ACME Suryodaya, has commissioned 110.336 MWh capacity of Battery Energy Storage System (BESS) Project located at Village: Sanwara and Mehar Nagar, Tehsil-Pokhran, Dist: Jaisalmer, Rajasthan, on July 15, 2026. The Commercial operation date (COD) for the same shall be July 17, 2026. With this, ACME Suryodaya has achieved a commissioned capacity of 285 MW / 952.960 MWh.

Embassy Developments has raised Rs 1,020 crore through the allotment of 1,02,000 senior, secured, redeemable, unrated, unlisted non-convertible debentures (NCDs) having a face value of Rs 1,00,000 each on a private placement basis, out of the total approved issue size of Rs 1,570 crore. Out of the aggregate proceeds of Rs 1,020 crore, approximately Rs 920 crore will be utilized towards repayment/refinancing of existing indebtedness, and the balance towards project construction, working capital requirements and/or other general corporate purposes, in one or more tranches, as may be required.

Arisinfra Solutions has secured a Work Order of Rs 79.05 crore for execution of Loading, Transportation and Disposal of Excavated Material from tunnel at the approved dumping yard land assigned by J. Kumar - NCC (GMLR) JV for the GMLR Project.

Lokesh Machines has received an order worth Rs 58.20 crore (Inclusive of all Duties and Taxes) from Integrated Headquarters of Ministry of Defence (Army), Government of India, for supply of MOD kits for 7.62MM Medium Machine Guns.

POCL Enterprises has completed the acquisition of 51% of the Equity shares of Trichy Metals and Alloys (TMA) by way of acquisition of equity shares from the existing equity shareholders of TMA by Share Purchase Agreement; and further subscription to the equity shares of TMA on a preferential basis by Share Subscription-cum-Shareholders' Agreement. Consequent upon the completion of the aforesaid transaction, Trichy Metals and Alloys has become a subsidiary of POCL Enterprises with effect from July 15, 2026.

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