Daily filing brief

Ceigall Gujarat Transmission LoI, Prestige Gurgaon Land Acquisition and 8 More Updates — 3 September 2026

By Daily BrieferPublished Updated

Ceigall India received a ₹5,300 crore LoI for a Gujarat transmission system, while Prestige Estates acquired a 17.14-acre land parcel in Gurgaon. We bring together 10 important BSE and NSE announcements for 3 September 2026, including transmission, buyback, rating and partnership updates.

  1. Ceigall India Ltd

    Ceigall India Receives LOI Worth ₹5,300 Crore for Gujarat Transmission Project

    Press Release / Media Release

    LOI details

    • LoI from RECPDCL for a Gujarat transmission system valued at ₹5,300 crore.
    • Includes a 765/400 kV AIS substation and ~300 km transmission lines.
    • Project value includes GST; annual charges ₹608.67 crore over 35 years.
    • Execution expected in 36 months, followed by a 35-year operational period.
    • Supports evacuation from Lakadia, Jam Khambhaliya, and Jamnagar renewable zones.
    • Strengthens Ceigall India's transmission presence and large-scale infra ambitions.
    View source

  2. Prestige Estates Projects Ltd

    Prestige Group expands NCR presence with ₹5,600 crore Gurgaon residential development

    Press Release / Media Release

    Deal details

    • Acquired 17.14-acre land parcel in Sector 109, Gurgaon.
    • Saleable area approximately 2.8 million sq ft, GDV ₹5,600 crore.
    • Strengthens Prestige Group's NCR residential pipeline and regional scale.
    View source

  3. Tata Power Company Ltd

    Tata Power commissions 400kV Jalpura–Khurja corridor in NCR with 162 CKM line and 1,000 MVA substation

    Press Release / Media Release

    Overview

    • Second element of Jalpura–Khurja Transmission Project commissioned in Uttar Pradesh.
    • 400 kV double-circuit Khurja–Jalpura line spans 162 CKM.
    • Jalpura GIS substation commissioned at 400/220 kV with 1,000 MVA capacity.

    Impact and portfolio

    • Strengthens NCR and Western Uttar Pradesh transmission links.
    • Transmission portfolio now stands at 7,900 CKM of lines operational and under execution.
    View source

  4. Great Eastern Shipping Company Ltd

    Great Eastern Shipping announces buyback of up to ₹900 crore at ₹1,530 per share, opening Sep 4, 2026

    Buy back

    Buyback details

    • Board approved buyback of fully paid-up equity shares with ₹10 face value.
    • Maximum buyback size ₹900 crore.
    • Maximum buyback price ₹1,530 per equity share.
    • Open market route via stock exchange mechanism.
    • Buyback from shareholders excluding promoters and promoter-group.
    • Regulations: SEBI Buyback Regulations 2018 and Companies Act 2013.
    • Public announcement issued Aug 29, 2026; published Aug 31, 2026.
    • Opening date fixed as Sep 04, 2026.
    View source

  5. JSW Steel Ltd

    Ind-Ra upgrades JSW Steel and NCDs to IND AA+/Stable; Rating Watch lifted

    Credit Rating

    Rating Action

    • Issuer rating upgraded to IND AA+/Stable; Rating Watch with Positive Implications removed.
    • Non-convertible debentures upgraded to IND AA+/Stable; outlook Stable.

    Rationale

    • Significant cash inflow of INR374 billion from BPSL sale reduced debt.
    • Consolidated net leverage improved to 1.93x in 1QFY27.
    • Leverage expected to stay below 2.5x in the medium term.
    • FY27 EBITDA per tonne projected INR12,000-13,000.
    • Capex around INR1,305 billion over 4–5 years, funded largely internally.
    • Strong market position with 61% VASP in sales.
    • Backward integration reinforces raw material security.
    • Regulatory and forex risks remain; sector cyclicality persists.
    • Liquidity ample: INR212 billion cash; unutilised lines over INR300 billion.
    • Capex funding via internal accruals; strong access to capital markets.

    Outlook & Sensitivities

    • Outlook: Stable.
    • Upgrade possible if leverage below 1.5x on sustained basis.
    • Downgrade risk if leverage >3.0x sustained.
    View source

  6. Bharat Forge Limited

    Thales and KSSL sign Strategic Alliance for 70-mm Rocket Systems with early-2027 India production target

    Press Release / Media Release

    Alliance details

    • Thales and Kalyani Strategic Systems Limited sign Strategic Alliance Agreement to develop 70-mm rocket systems in India.
    • The alliance combines Thales' rocket tech with KSSL's manufacturing and testing capabilities for domestic and global requirements.
    • The partnership provides framework for technology transfer, local production, and distribution for unguided and laser-guided systems.
    • Aiming to build a robust local supply chain and position India as a manufacturing/export hub.
    • First fully assembled rocket produced in India targeted for early 2027.
    • KSSL is the wholly-owned defence subsidiary of Bharat Forge Limited.
    View source

  7. Inox Wind Ltd

    Inox Wind secures 100 MW turnkey order from Indian Oil for ₹755 crore

    Press Release / Media Release

    Order win

    • 100 MW turnkey order from Indian Oil Corporation Limited, contract value approx ₹755 crore.
    • Includes EPC, turbine supply, and post-commissioning O&M for 10 years.
    View source

  8. Man Infraconstruction Ltd

    Man Infraconstruction approves open-market buyback of up to ₹169.29 crore at ₹171 per share

    Public Announcement-Buyback of Shares

    Buyback terms

    • Board approved buyback of fully paid equity shares of ₹2 each; price not exceeding ₹171 per share.
    • Maximum buyback size ₹169.29 crore; indicative 9,900,000 shares.
    • Minimum buyback size ₹126.97 crore; minimum 7,425,000 shares.
    • Open-market buyback through NSE and BSE; four working days from PA.
    • 75% of max size to be deployed; minimum 74,25,000 shares; 40% in initial half.
    • Premium over VWAP ranges: 56.1–57.3% across windows (3m, 2w, 1m).
    • Premium over closing price: 50.18%.
    • Funds from free reserves, current surplus, cash or internal accruals; not borrowings.
    • No buyback from promoters; promoter holdings frozen; not exceeding 10% of paid-up capital.
    • Escrow with ICICI Bank; manager: Cumulative Capital Private Limited; broker: Nirmal Bang Securities.
    • Buyback Committee: Manan P. Shah, Ashok Mehta, Parag Shah, Vatsal Shah.
    • PA date: 2 Sep 2026; Board meeting: 1 Sep 2026; PA published 3 Sep 2026.
    • Open-market buyback will extinguish bought-back shares; not reissued; comply with laws.
    View source

  9. Indian Energy Exchange Ltd

    IEX reports record August 2026 electricity traded volume; DAM and RTM volumes rise YoY.

    Press Release / Media Release

    Market update highlights

    • Highest ever monthly electricity traded volume: 13,938 MU in August 2026, up 20.2% YoY.
    • RTM volume reached 5.56 BU in August 2026, up 10.6% YoY.
    • DAM volume: 5,517 MU in August 2026, up 15.0% YoY.
    • TAM volume: 1,765 MU in August 2026, up 111.3% YoY.
    • Green Market volume: 1,091 MU in August 2026, up 17.3% YoY.
    • Green Day-Ahead Market weighted average price: Rs 3.92 per unit in August 2026.
    • REC market: 2.91 lakh RECs traded in August 2026; sessions on 12 and 27 August.
    • REC clearing price: Rs 370/REC (12 Aug 2026) and Rs 350/REC (27 Aug 2026).
    • DAM average market clearing price: Rs 4.88 per unit (YoY +22%).
    • RTM average market clearing price: Rs 4.41 per unit (YoY +30.4%).
    View source

  10. Suven Life Sciences Ltd

    Suven Life Sciences completes enrollment in global Phase-3 Masupirdine study for Alzheimer's agitation

    Press Release / Media Release

    Study enrollment update

    • 424 patients randomized across USA and Europe.
    • Enrollment target was 375 patients.
    • LPLV expected by December 2026; DBL by March 2027.
    • Topline results expected by May 2027.
    • Safety data monitored with no concerns to date.
    View source