Govt to sell 6% of Hindustan Copper via OFS at ₹514 floor; TCS partners with Porsche on AI; Afcons wins ₹335cr arbitration. Check opening cues.
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The government will sell up to 6% of Hindustan Copper through an offer for sale, a move expected to raise about ₹3,000 crore. The floor price is ₹514 a share. DIPAM Secretary Arunish Chawla said 10% of the offer is reserved for retail investors and 25,000 shares for eligible employees. The stock has been under pressure in recent sessions, and the OFS will test demand among institutional buyers.
Tata Consultancy Services announced a five-year strategic partnership with Porsche AG to supply AI services across the automaker's mobility value chain. TCS will set up a dedicated AI Mobility Centre of Excellence for Porsche and acquire MHP, Porsche's management and IT consulting subsidiary in Germany. The deal is subject to regulatory approvals.
IDFC First Bank priced $350 million in five-year senior notes, its second international bond this month. The bank said demand was strong from global institutional investors. Axis Bank will redeem its $600 million in 4.10% Additional Tier 1 notes on September 8, 2026, at par plus accrued interest.
Ecofinity Atomix's board approved raising ₹2.39 crore through the preferential allotment of 23.9 lakh equity warrants to 17 investors. Refex Industries won two contracts totalling ₹33.70 crore for fly ash handling and transport in Telangana. Ceigall India got a Letter of Acceptance from the Ministry of Road Transport for a ₹704.70 crore road project in Arunachal Pradesh, to be built jointly with Sushee Infra & Mining.
Afcons Infrastructure won an arbitration award of ₹335.50 crore against the Uttar Pradesh Expressways Industrial Development Authority. The tribunal awarded ₹152.25 crore in principal and ₹183.25 crore in interest. Afcons said the award will improve its financial position.
Pace Digitek's subsidiary Lineage Power received a ₹92.9 crore order from Kalpa Power to supply a battery energy storage system, with completion by December 31, 2026. The order adds to Pace Digitek's backlog for its 5 GWh BESS platform. S&S Power Switchgear's subsidiary got an order to supply isolators for a Hitachi Energy India project worth ₹8-10 crore. GPT Infraprojects' subsidiary was the lowest bidder for a ₹97.31 crore railway signalling project in the Northeast Frontier zone.
Kothari Industrial got a ₹2.54 crore contract from Integral Coach Factory for material handling services in Chennai. Expo Engineering won a ₹4.97 crore tankage job from BPCL at its Haldia terminal. Krystal Integrated Services secured a ₹17.25 crore workforce contract in Maharashtra. Shining Tools booked its first export order, worth USD 95,292, for machinery supply to a Chinese buyer.
Dhaksha Unmanned Systems, a Coromandel International subsidiary, opened a drone manufacturing facility in Kancheepuram, Tamil Nadu. The plant will support agricultural, defence, and enterprise UAV programmes and expand indigenisation of critical technologies. Aegis Logistics signed a ₹525 crore agreement to transfer an ammonia storage terminal at Pipavav Port to its step-down subsidiary through a slump sale. CSM Technologies will adopt the Modular Open Source Identity Platform to build digital identity solutions for governments.
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