Stocks to watch, March 26: NCC, Ashok Leyland, SML Isuzu, Maruti, IREDA, Federal Bank, SIS, Arvind SmartSpaces, and more

This implies that the NIFTY50 index will open 55 points higher.

On the global front, Asian stocks traded higher in the early trade, following Wall Street. The US dollar were directionless as markets awaited clarity on President Donald Trump's trade policy ahead of a new round of tariffs next week, Reuters reported.

For the Uttarakhand project, the size of the order is ₹2,647.12 crore (excluding GST), while for the project in Madhya Pradesh, the size of the order is ₹8,157.44 crore (excluding GST).

The board has approved the appointment of Vikram Saxena, Director (Technology and Field Services), as a Key Managerial Personnel of the Company with immediate effect.

The company will make an investment in ONGC Green Limited (OGL) by infusing ₹3,300 crore by way of subscription to the rights offer of equity shares issued by OGL.

OGL is a wholly-owned subsidiary (WoS) of the company, mainly engaged in the renewable energy business of the company.

OGL, WoS of the company, shall utilise the proceeds of the issue of equity shares of ₹3,300 crore for the acquisition of a 100% equity stake in Ayana Renewable Power Private Limited through ONGC NTPC Green Private Limited (ONGPL), a 50:50 joint venture company of OGL and NTPC Green Energy Limited (NGEL).

Ayana, a leading renewable energy platform, has approximately 4.1 GW of operational and under-construction assets strategically located across resource-rich states. Its portfolio is backed by high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways.

The Board has approved the appointment of M/s. SGS Associates LLP, Practising Company Secretaries, as Secretarial Auditors of the Company for FY’25.

The borrowing includes fundraising through taxable bonds and others, the company said in a regulatory filing.

Under the ₹439 crore contract, the company has to execute Rodi Belwala Area Revitalisation; Sati Kund and surrounding development; Har ki Pauri and Subhash Ghar Revitalisation; and Redevelopment of Parking and Commercial Area at Upper Road opposite Railway Station (Existing bus stand, Haridwar).

NBCC has secured another contract worth ₹219.45 crore from the Centre for Development of Telematics, according to a regulatory filing on Tuesday.

The Telecom Regulatory Authority of India (TRAI) had last year recommended that the Department of Telecom (DoT) should explore the feasibility of issuing instructions to such USPs that the USP (universal service provider) shall not refuse to share the passive infrastructure laid under the project with at least two other telecom service providers on a transparent and nondiscriminatory basis.

This is a positive development for the companies.

The threshold for availing safe harbour has been increased from ₹200 crore to ₹300 crore.

Safe Harbour Rules is a framework that grants businesses immunity from detailed tax scrutiny if they comply with predefined pricing norms.

The shares were picked at an average price of ₹132.7 apiece, taking the transaction value to ₹86.90 crore.

It holds 508 crore equity shares in PSL, constituting 83.28% of the total equity shareholding of PSL, JSW Steel said.

The Board of Directors has approved the tendering of 22,26,36,000 equity shares held in PSL under the proposed buyback offer at a price of ₹75.30 per equity share.

This move will help the company further strengthen its balance sheet, JSW Steel said.

In a regulatory filing on Tuesday, the company informed that it has sold out all the plots that it launched in a new project, 'Arvind The Park', in Devanahalli, Bengaluru.

"It consisted of 200 units valued at over ₹180 crore," it added.

With this deal, DLF will have a 100% stake in DLF Urban, which has developed a luxury housing project in the national capital.

Reco Greens is an affiliated company of Singapore's sovereign wealth firm GIC.