Adani Enterprises Stake Sale, NBCC Contract, CG Power Tax Order: Key Corporate Updates Move Markets

Overview

Investors are watching several key corporate announcements today. Adani Enterprises sold a 13% stake in Adani Wilmar for Rs 4,650 crore. NBCC India secured a Rs 2,966 crore project management contract. CG Power received a Rs 365 crore tax assessment order, while Reliance Power formed a Board of Management. HG Infra Engineering won a Rs 274 crore contract, and JK Tyre’s subsidiary sold shares worth Rs 130.64 crore. Dabur India also saw a Rs 59 crore tax demand cancelled.