Asian markets traded mostly higher on Friday, tracking an overnight rally on Wall Street.

US stock market ended higher on Thursday after a slew of economic indicators appeared to support the US Federal Reserve rate cut.

Here's a table showing how US stocks performed on Thursday:

Source: Equitymaster

At present, the BSE Sensex is trading 42 points higher, and the NSE Nifty is trading 11 points higher.

Tata Steel, HCL Tech, and SBI are among the top gainers today.

Kotak Mahindra, HDFC Bank, and Bajaj Finance, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.5% higher, and the BSE Smallcap index is trading 0.1% higher.

Barring the banking sector and financial services sector, all other sectoral indices are trading positively today, with stocks in the metal sector and the power sector witnessing buying.

The rupee is trading at Rs 85.8 against the US dollar.
 

Hitachi Wins Major Transformer Order

Hitachi Energy India Ltd announced on Thursday that it has obtained an order from Power Grid Corporation of India Ltd to supply 30 units of 765 kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers, as the nation increases its investments in its power transmission infrastructure.

In order to meet the growing demand from renewable energy sources, industrial electrification, and the switch to electric vehicles, India's energy planning is moving away from a project-based approach and toward a long-term programmatic strategy.

The company claims that over the previous two years, India's need for power transformers has increased at an average rate of 15% per year. The new machinery will be produced at Hitachi Energy's transformer plant in Gujarat's Maneja, Vadodara, in accordance with the government's Make in India manufacturing push.

Hitachi Energy's 765 kV transformers will enable efficient long-distance power transmission, enough to light up around 30 million Indian homes.

Higher voltage transmission cuts costs and boost grid reliability, helping growing electricity demand. The transformer will be delivered as per Power Grid's planned infrastructure expansion.

Hitachi Energy has successfully tested a world's first 765 kV transformer using biodegradable oil, enhancing safety and reducing environmental impact.
 

Power Mech Bags Solar Projects Orders

On Thursday, June 26, Power Mech Projects Ltd announced that it had obtained solar power contracts from Bihar State Power Generation Company Limited (BSPGCL) for setting up grid-connected distributed solar power plants under the PM-KUSUM Component C2 scheme, resulting in for Rs 1.6 billion (bn).

Solarizing agricultural and mixed-load feeders across multiple substations in Bihar is the goal of the projects, which were awarded under the RESCO (Renewable Energy Service Company) model.

Through a 25-year power purchase agreement (PPA) with Bihar discoms NBPDCL and SBPDCL, the projects, which have a combined capacity of 13.66 MW (AC), are expected to produce income. Within a year, execution is planned.

Three specific locations are covered by the contracts, Sambhuganj (5.155 MW, Rs 0.7 bn) Sakahara (4.285 MW, Rs 0.5 bn), and Rajoun (4.221 MW, Rs 0.5 bn). The central government will contribute Rs 0.1 bn per MW to each project, while the Bihar government will contribute Rs 0.01 bn per MW.

The design, supply, installation, testing, commissioning, and long-term operation and maintenance of the solar plants as well as related transmission infrastructure are all included in the scope of work.

HCL Tech Drives AI Innovation Further

HCL Technologies (HCLTech) announced the launch of its orchestration consultation and implementation offerings, in order to help businesses in a variety of industries, such as manufacturing, healthcare, retail, and financial services, adopt Salesforce Agentforce more quickly and become AI-augmented,

Through a consulting-led approach, HCLTech facilitates the quick adoption of enterprise-grade agentic workflows that streamline marketing, sales, service, and operations in highly regulated environments through the integration of task orchestration, reasoning, and action execution across systems.

HCLTech uses protocols, such as the Model Context Protocol (MCP) and the Agent-to-Agent (A2A) protocol, to help clients improve visibility, task tracking, and coordination while achieving faster and more reliable outcomes.

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