Key stock Results

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Key stock updates

1. Indian Oil Corporation Limited

Company gets approval from NCLT’s Mumbai Bench for the acquisition of a 100% stake in Mercator Petroleum.

2. Infosys

The company and Spirit AeroSystems inaugurated their dedicated centre for aerospace engineering excellence in Richardson, Texas

3. Indigo Paints Limited

Company has commenced work on establishing a new water based paint plant of 90,000 KLPA capacity and solvent based paint plant of 12,000 KLPA at Jodhpur, Rajasthan, which are expected to be operational during FY 2025.

4. Avenue Supermarts Limited

Company has received an order imposing penalty from Court Collector (Stamps), where penalty of Rs.259,620/- has been levied on the Company in addition to demand for payment of deficit stamp duty on the title document and interest

5. PNB

The Reserve Bank of India has imposed a monetary penalty of 72 lakh on the Bank for non-compliance with certain provisions of ‘Reserve Bank of India

6. Greaves Cotton Limited

The company sold its land located in Pune to Runal Developers LLP for a total consideration of Rs 284 crore.

7. JSW Infrastructure Limited

The board has approved the acquisition of Marine Oil Terminal Corp along with its Fujairah Branch by JSW Terminal Middle East; the transaction has an enterprise value of $187 million. The board has also approved the purchase of a container train operator licence from Sical Multimodal and Rail Transport.

8. The Federal Bank Limited

The Reserve Bank of India has imposed a monetary penalty of Rs. 30 Lakh for non-compliance with certain directions

9. VA TECH WABAG LIMITED

Board of Directors of the Company and other Shareholders of Wabag Thailand, the liquidation and dissolution application was filed with  the relevant authorities of Thailand

10. INDUSIND BANK LTD

Bank has announced to open up “Loan Mela” for all with comprehensive financial, credit & home loan offerings.

11. Prestige Estates Projects Limited

Company through its wholly owned subsidiary has entered into securities subscription agreement and Shareholders agreement with WS Industries (India) Limited & WSI Falcon Infra Projects Private Limited for Which execution of Joint Venture agreement with W.S. Industries (India) Limited for development of IT/IT enabled services/parks in 6.53 acres of immovable property at Chennai

12. Bharti Airtel Limited

The company has entered into a Share Purchase Agreement (SPA) with Manipura Digital Infrastructure Opco Pte Ltd for transfer of Company’s entire stake in Firefly Networks Limited for a consideration of Rs. 60.47 Mn. The said transfer is subject to completion of closing conditions.

13. NLC India Ltd

Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture between NLC India Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd, has reached a significant milestone in the construction of the Coal-based Supercritical Thermal Power Plant in Ghatampur Tehsil, Uttar Pradesh. Unit-1 of this ambitious project has been successfully synchronized with the 765 KV grid at 04:23 AM on November 4, 2021.

14. Adani Energy Solutions Limited

Gujarat Public Works Contract Disputes Arbitration Tribunal, Ahmedabad  held that the claim filed by the Company against the Gujarat Energy Transmission Corporation Limited (GETCO), is not payable to the Company. The Company is reviewing the contents of the said Order and shall decide the next steps as per legal options available to it

15. Havells India Limited

Company informed that the Directorate of Revenue Intelligence has conducted a search at the Corporate office of the Company at Noida, which concluded this morning on 4th November, 2023 at around 2:20 am.

16. Uttam Sugar Mills Ltd

The Company informed that Increase/Enhancement in the “Cane Crushing Capacity” from 23750 TCD to 26200 TCD of the Company and improvement in energy efficiency, aforesaid Increase/Enhancement in the “Cane Crushing Capacity” along with energy efficiency has been successfully commissioned.