GMDC, Jio Financial Services and eMudhra to see some action today
DEE Development Engineers has secured first ever contracts for supply of seamless pipes
Gujarat Mineral Development Corporation (GMDC) has entered a Memorandum of Understanding (MoU) with NTPC, a Government of India Maharatna company, to jointly explore opportunities in coal and lignite gasification and downstream utilisation. The MoU establishes a collaborative framework to assess the feasibility of gasification of coal from GMDC’s coal blocks in Odisha and lignite from its mining operations in Gujarat.
Jio Financial Services has infused Rs 2,000 crore in its wholly-owned subsidiary - Jio Credit to fund its business growth. The company has subscribed to and has been allotted 3,35,71,923 equity shares of Rs 10 each of Jio Credit for cash at a premium of Rs 585.70 per equity share, aggregating Rs 1,999.88 crore. Jio Credit will utilise the amount to fund its business operations.
eMudhra has launched its Agentic AI Security Platform, a trust infrastructure designed to secure autonomous AI systems by providing verifiable identity, authentication, and governance controls for AI agents operating across enterprise and public digital environments. The platform addresses a growing challenge as organizations deploy AI agents capable of making decisions, executing transactions, and interacting with digital infrastructure without direct human oversight.
DEE Development Engineers has secured first ever contracts for supply of seamless pipes which will be manufactured in its newly established forged seamless pipe plant situated at Anjar, Gujarat. The values of contracts are Rs 58 crore. The said contracts are expected to be completed December 2026.
GRE Renew Enertech has received multiple orders from domestic entities for execution of Engineering, Procurement and Construction (EPC) contracts on a turnkey basis in the ordinary course of its business operations. The aggregate value of the said orders is Rs 19.27 crore, inclusive of applicable taxes.
Tata Steel has acquired 261,90,47,620 equity shares of face value $0.1008 each aggregating to $264 million (Rs 2,401.50 crore) in T Steel Holdings (TSHP). Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company.
NBCC India has received work orders worth around Rs 775.27 crore from the Delhi Development Authority (DDA) to redevelop old and dilapidated staff quarters located at Old Rajinder Nagar (ORN) and Safdarjung Development Area (SDA).

