Dhamra Port Goes Green, Other Key Corporate Moves Set to Influence Market
APSEZ‑operated Dhamra Port in Odisha has shifted its entire electricity consumption to renewable power, becoming India’s first large‑scale private multi‑cargo port to run fully on renewable electricity, the company said. The port, which handles more than 48 million tonnes of cargo annually, now meets more than 90 lakh units of monthly electricity demand from renewable sources. At its current operating level, APSEZ said its renewable power consumption exceeds 108 gigawatt‑hours annually. The shift, effective August 2026, is part of APSEZ’s long‑term Net‑Zero strategy and is expected to reduce emissions associated with purchased electricity while improving the environmental performance of the energy‑intensive port operations. The transition has been achieved through a combination of captive renewable power, third‑party access arrangements and green‑power procurement under Odisha’s regulatory framework.
The domestic equity market is expected to open in the red on Monday, September 28, with GIFT NIFTY futures suggesting that the NIFTY50 index will open 82 points lower. In the same week, Tata Power received a letter from the Ministry of Power regarding the extension of validity of the directions issued under Section 11 of the Electricity Act, 2003 for its Mundra Thermal Plant. Coal India’s South Eastern Coalfields Ltd (SECL) has hired banks for an initial public offering in Mumbai that could raise as much as $800 million, while Mahanadi Coalfields Ltd. filed draft IPO papers with SEBI earlier this month. These developments may keep the sector in focus for investors.
Godrej Properties announced on Monday that it has entered into a development agreement for a prime land parcel of approximately 2.5 acres in Marine Lines, South Mumbai. Strategically located in one of Mumbai’s most sought‑after residential micro‑markets, the proposed project is planned as a luxury housing development and has an estimated overall revenue potential of nearly ₹6,000 crore. Meanwhile, NMDC Ltd commissioned its 2 million tonne per annum pellet plant at Nagarnar in Chhattisgarh, part of a Rs 5,427‑crore integrated project of iron ore processing, pipeline and pellet making connecting its iron ore operations at Bacheli with the company’s steel plant at Nagarnar. The 135 km slurry pipeline carries processed iron ore concentrate from Bacheli to Nagarnar, providing an alternative to transporting the material by road.
AGI Infra’s board approved raising up to ₹275 crore through a Qualified Institutional Placement, to be carried out in one or more tranches and subject to shareholders’ approval through a postal ballot as well as other regulatory approvals. The company appointed Aryaman Financial Services as the Book Running Lead Manager for the proposed QIP. Dr Lal PathLabs Ltd reported that its wholly owned subsidiary, Dr Lal PathLabs FZCO, Dubai, completed the acquisition of an 80 per cent stake in Ghana‑based Sunshine Healthcare Ltd, making Sunshine Healthcare a step‑down subsidiary of Dr Lal PathLabs. The transaction was completed in accordance with the agreement and prevailing provisions applicable in Ghana.
Zydus Lifesciences Ltd disclosed that the US Food and Drug Administration completed an on‑site inspection of its pharmacovigilance and post‑marketing surveillance system at its office in New Jersey from September 22 to September 25 2026, with nil observations. NTPC and EDF Power Solutions India formed a 50:50 joint venture to jointly develop, own and operate pumped storage projects, hydropower projects and other renewable energy projects and distribution business within India and neighbouring countries. The JV agreement was signed on September 25 in the presence of NTPC Chairman Gurdeep Singh and Bernard Fontana, Chairman and CEO of EDF SA, France.
Aequs approved a ₹650 crore equity infusion to expand capacity in aerospace and consumer business and support its borrowing programme. Of the total issue size, ₹325 crore will be payable upfront upon allotment of the warrants, representing 50 percent of the issue size and twice the regulatory minimum. On full conversion of the warrants, the aggregate holding of the promoter and promoter group will increase from 59.09 percent to 60.73 percent. Fortis Healthcare shares may remain in focus after the Supreme Court allowed the forensic audit ordered by the Delhi High Court to proceed, clarifying that observations made by the Delhi High Court are tentative and should not influence the audit’s conduct or outcome. Signature Global acquired 194 acres of land in Gurugram to develop an integrated ultra‑luxury housing project with revenue potential of ₹6,000 crore, while Dhanuka Agritech launched a new‑generation fungicide “Polin” to control leaf and neck blast disease in paddy crops. Petronet LNG Ltd seeks shareholders’ approval to continue payment of commission to its directors, capped at 1 percent of annual profits, for another five years from FY2026‑27 to FY2030‑31. Fujiyama Power Systems is setting up a 1.2 GW solar cell manufacturing facility in Madhya Pradesh, aiming to start production using advanced TopCon technology by the end of the ongoing fiscal year, with total cell capacity reaching 2.3 GW after commercial operations. Mahindra & Mahindra is weighing another price increase across its SUV portfolio amid recent commodity price increases, while Tata Motors Passenger Vehicles expects to cross 15 percent domestic market share very soon and is working towards a 20 percent target by FY31.