a2 Milk Co. (ASX:A2M, NZE:ATM) received notice that JPMorgan Chase and its affiliates became a substantial holder of the company on May 7, according to a Tuesday filing with the New Zealand bourse.
JPMorgan Chase now owns 37.3 million shares in the company, representing 5.14% of the issued shares, the filing said.
The company's shares in the Australian and New Zealand bourses fell around 3% and 5%, respectively, in trading on Monday.
H.G. Infra Engineering (NSE:HGINFRA, BOM:541019) has secured an order worth 39.3 billion Indian rupees from Welspun Enterprises (NSE:WELENT, BOM:532553), according to a Monday filing to the Indian stock exchanges.Shares of H.G. Infra Engineering were up nearly 2% in Tuesday's trade.The contract is for the construction of a six-lane highway corridor along with the improvement of the existing road in the Pune to Shirur section of National Highway-753F in Maharashtra, India.The project is expected to be completed in 36 months.
Australian investment company IFM Investors has threatened to scrap a proposed AU$3 billion sustainable aviation fuel project in Australia, unless the Australian government mandates airlines use the product, according to a Tuesday Bloomberg report, citing IFM's Global Head of Infrastructure Asset Management, Danny Elia.Elia said that IFM needs to see some finalization of Australia's policy framework on the subject as well as a demand-side mandate, the report added.IFM is working on the project under a memorandum of understanding with Ampol (ASX:AMP) and GrainCorp (ASX:GNC).Virgin Australia (ASX:VGN) and Qantas Airways (ASX:QAN) did not immediately respond to anemail request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283), through its subsidiaries ACME Sun Power and ACME Surya Power, commissioned additional battery energy storage system capacity in Rajasthan, India, on May 11, according to two separate filings on Monday.Shares of the company fell nearly 1% in Tuesday's trade.ACME Sun Power commissioned 33.333 MW/160.484 MWh capacity at Phalodi and Jodhpur, while ACME Surya Power commissioned 35.715 MW/160.512 MWh capacity at Bikaner, the filings said.Commercial operations for both projects will commence on May 13, it added.