KPI Green
KPI Green, Tata Steel, NLC and NALCO shares in focus on September 30
Indian stock market investors are likely to keep an eye on several companies on Wednesday, September 30, after a series of key business updates, including order wins, fundraising plans, strategic moves and project developments.
KPI Green has secured a work order worth around ₹2,025 crore, including taxes and GST, from NACOF Oorja Pvt Ltd for a 500 MW/550 MWp solar photovoltaic project in Rajasthan. The contract involves turnkey engineering, procurement and construction work covering design, procurement and construction.
Tata Steel said on Tuesday that the Income Tax Appellate Tribunal had issued a favourable order for FY2009, allowing the company to claim a deduction for interest expenses, reducing its tax liability by about ₹427 crore to ₹1,259 crore.
NLC India said its board has approved the formation of a 50:50 joint venture with National Aluminium Company (NALCO) to develop a 1,080 MW thermal captive power plant in Angul, Odisha, with both companies holding an equal stake.
Poonwalla Fincorp has issued an intimation to debenture holders regarding 1 lakh secured, rated, listed, redeemable and partly paid non-convertible debentures, each with a face value of ₹1 lakh and a paid-up value of ₹1,000.
Inox Green has bagged a ₹549.37-crore order from Moxie Power Generation, an Adani Group company, to provide complete operation and maintenance services for the 2x600 MW Tuticorin Thermal Power Plant in Tamil Nadu.
Urban Company has received a show-cause notice from the Excise Taxation Officer of State Tax over alleged incorrect claims of input tax credit and short payment of tax for FY2022-23, with a total demand of ₹3.05 crore including tax, interest and penalty.
IGESL’s Operations Committee approved the allotment of 1,81,10,473 equity shares to 20 qualified institutional buyers at ₹165.65 per share, raising ₹300 crore through a QIP that closed on September 29, 2026.
GBL has entered into definitive agreements with Cisternina Logistics to transfer its liquid storage tank business at Jawaharlal Nehru Port, Goa Port and Cochin Port, along with its stake in ILSL Rail Logistics.
The State Bank of India has approved plans to raise funds in foreign currency through a Medium-Term Note programme of up to $1 billion.
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