Adani Enterprises Limited (AEL) has announced a significant strategic move with the signing of a non-binding Memorandum of Understanding (MoU) with Jabil Inc. for a proposed 50:50 joint venture to manufacture and assemble artificial intelligence (AI) and data centre equipment in India.

Strategic Collaboration

The joint venture aims to serve India’s accelerating data centre demand, with industry forecasts projecting a capacity of 5-8 gigawatts (GW) by 2030. The companies estimate the global market opportunity at more than $3 trillion over the next seven years, as investment in AI compute infrastructure continues to surge.

Manufacturing AI Hardware

The joint venture will manufacture and assemble AI racks, servers, storage, and networking equipment used in data centres. The venture is expected to have multi-gigawatt AI rack manufacturing capacity, supporting computing systems with a combined power capacity of several gigawatts. It will also provide installation and commissioning services.

As a result, the joint venture will provide a manufacturing base in India to serve domestic demand and support exports. The collaboration aligns with Adani Group’s commitment to develop 5 GW of green-energy-powered, hyperscale AI-ready data centres by 2035. For Jabil, which reported $36 billion in revenue in fiscal year 2026, the venture will expand its engineering and manufacturing footprint in India’s data centre market.

Notably, this move underscores Adani Enterprises’ vision to expand up the AI value chain, evolving from powering and hosting AI infrastructure to engineering and manufacturing the critical systems that will define the next generation of computing.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Adani Enterprises Limited

Adani Enterprises Limited belongs to the Energy › Thermal Coal sector. Here’s a quick read on where the business and the stock stand today.

Adani gains 26.6% over three months and trades near its 52-week highs. D/E of 1.62 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Thin margins at 6.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock trades at 87% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 26.6% in three months on -7.7% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Adani Enterprises Limited.

GP Petroleums Limited (GULFPETRO) announced the board’s approval for a strategic fundraise of up to ₹130 crores through the issuance of non-convertible debentures (NCDs) and optionally convertible debentures (OCDs). This initiative aims to accelerate the company’s growth plans and meet its working capital requirements.

Details of the Fundraise

The company plans to issue up to 300 NCDs aggregating up to ₹30 crores for a duration of 36 months and up to 1,000 OCDs aggregating up to ₹100 crores for 18 months, each with a face value of ₹10 lakh. Both instruments will be issued to RevX Special Credit Opportunities Fund II on a private placement basis.

Purpose of Proceeds

The proceeds from this fundraise will be utilized to fund the company’s ongoing business expansion and to fulfill its working capital requirements. The NCDs and OCDs carry a coupon rate of 13% per annum, compounded monthly and paid quarterly, with an additional 1.5% coupon on the deemed date of allotment.

Commenting on the announcement, Mr. Dilip Vaswani, Non-Executive Director, GP Petroleums Ltd. said, “The proposed financing will provide us with the financial agility to accelerate our growth plans, both organic and inorganic. It also reflects the confidence in our strategic vision to strengthen our market position in the hydrocarbon space while giving us the financial foundation towards unlocking long-term value for our stakeholders.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of GP Petroleums Limited

GP Petroleums Limited belongs to the Energy › Oil & Gas Refining & Marketing sector. Here’s a quick read on where the business and the stock stand today.

GP gains 61.5% over three months and trades near its 52-week highs. The PEG stands at 4.59 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 5.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gives back 7.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock rises 61.5% in three months. Yet revenue grows at only -6.7% and the PEG stands at 4.59. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of GP Petroleums Limited.

Mangalore Refinery and Petrochemicals Limited (MRPL) has announced its support for the bereaved family of Shri Manish Karkada following a tragic fire incident at their Coker Hydrotreater Unit (CHTU) on 30 September 2026. The management of MRPL expresses profound grief over the loss and extends heartfelt condolences to the family and loved ones of the deceased.

Financial Support Announced

While no financial assistance can compensate for the loss of a precious life, MRPL has decided to extend financial support of ₹90 lakh to the family of the deceased. Additionally, the family will be eligible for benefits of approximately ₹10 lakh under the Group Term Life Insurance (GTLI) and ₹20 lakh under the Workmen Compensation Policy (WCP), bringing the total financial support and insurance benefits to approximately ₹1.20 crore.

Commitment to Safety and Welfare

MRPL reiterates its commitment to the safety, health, and welfare of all personnel associated with its operations. The company will continue to extend all possible support to the affected family and is working on finalizing the proposal for Mediclaim insurance for the secondary workforce. The process is expected to be completed within approximately four weeks after discussions with the Hon’ble Member of Parliament, Dakshina Kannada, and the respected DC Dakshina Kannada.

As a result, MRPL remains dedicated to ensuring the highest standards of safety and providing comprehensive support to those impacted by such unfortunate incidents.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mangalore Refinery and Petrochemicals Limited

Mangalore Refinery and Petrochemicals Limited belongs to the Energy › Oil & Gas Refining & Marketing sector. Here’s a quick read on where the business and the stock stand today.

Mangalore posts a 12.9% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -6.7% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 0.6% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at -6.7% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Mangalore Refinery and Petrochemicals Limited.