Latest News and Updates

16th May, 2022

Tata Power Solar bags 300MW solar project worth Rs1731 crore from NHPC

Published on: 3:07 pm

  • Tata Power Solar, one of India’s largest integrated solar companies and a wholly owned subsidiary of Tata Power, bagged an order of 300MW Solar project worth Rs1,731 crore, inclusive of tax from NHPC.
  • The project site, located in Rajasthan, will be developed under the CPSU scheme of IREDA. The project will be completed within 18 months’ time period, aims to reduce around 6,36,960 carbon emissions, and is expected to generate approximately 750 million units annually. Cells and modules made in India would be used in the project installation. Read More

Vikas Ecotech bags order worth Rs57 million for supply of coal

Published on: 2:26 pm

  • Vikas Ecotech Limited has announced regarding venturing into the energy business segment with bagging the first order for supplying 4000 Metric Tonnes of Coal. This order is valued at about Rs57 million and the supplies have been lined up, expected to be completed within 30 days.
  • Vikas Ecotech Limited, in constant pursuit of expanding the product profile to newer and promising business segments, has been eyeing the energy business segment which has been the underpin for a fast and balanced growth for the Indian as well as the Global Economies. With recent crisis situation in the energy segment rooting from the Russia-Ukraine war whereas the daily global news including India have a pertinent component i.e., the global shortage of energy feedstocks including the coal, has prompted the Business Development wing to tap into the energy business, which the team managed almost instantly. Read More

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Madhav Infra Projects incorporates 'Seabird Exploration' as its subsidiary

Published on: 1:15 pm

  • Madhav Infra Projects Ltd has informed that the Company has Incorporated subsidiary namely, Seabird Exploration Private Limited.
  • The Company has been incorporated for Extraction of crude petroleum and natural gas, service activities incidental to oil and gas extraction excluding surveying.
  • The Company has subscribe 5100 Shares of which the shares are acquired. Rs. 10 each. Read more

G E Shipping contracts to sell its old Midsize Gas Carrier 'Jag Vijaya'; Stock rallies 3%

Published on: 12:06 pm

  • The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 1997 built Midsize Gas Carrier Jag Vijaya of about 35,421 cbm. The vessel will be delivered to the new buyer in H1 FY 2022-23.
  • Including Jag Vijaya, company’s current fleet stands at 45 vessels, comprising 31 tankers (8 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers (2 Capesize, 7 Kamsarmax, 5 Supramax) with an average age of 12.66 years aggregating 3.57 mn dwt. Read More

Dilip Buildcon declares as L-1 bidder for NHAI project in Chhattisgarh; Stock dips 1%

Published on: 11:25 am

  • Dilip Buildcon Ltd has informed to the exchanges that the Company has declared as Lowest bidder for the tender floated by the National Highways Authority of India (NHAI) on Hybrid Annuity basis in the state of Chhattisgarh.
  • The tender is for Construction of Four Lane Urga- Pathaleaon section of NH- 130A from -design Ch. 70+200 to Ch' 157+745. (from Bhaisma village to Taruama village) under Bharatmala Pariyojana (Raipur - Dhanbad Economic Corridor) in the State of Chhattisgarh on Hybrid Annuity Mode. Read more

RITES secures order worth $3.20 million in South America; Stock rises

Published on: 11:12 am

  • RITES Limited has informed to the exchanges that it has secured a consultancy & supervision work.
  • As per the regulatory filing, the work order is for Construction of the East Bank-East Coast Road Linkage Project (Ogle to Eccles (Haags Bosch)) — Phase-1 from the Ministry of Public Works, Guyana for a fee of USD 3,204,420 (USD Three Million, Two Hundred and Four Thousand, Four Hundred and Twenty). Read more

Nazara reports 273% growth in PAT for FY22

Published on: 10:32 am

  • Nazara Technologies Limited (BSE: 543280) (NSE: NAZARA) an India based, diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, announced its audited Standalone and Consolidated results for the quarter and full year ended 31st March 2022.
  • As of March 31, 2022, Nazara has diverse business segments with revenue generation accruing across gamified learning, Esports, freemium and telco subscription.
  • The board has approved the issue of bonus shares in the proportion of 1:1, subject to approval of the shareholders of the Company. Read more

Dwarikesh Sugars records PAT at Rs59.61 crore in Q4FY22

Published on: 10:27 am

  • Dwarikesh Sugar Industries announced its audited financial results for the quarter and year ended March 31, 2021. In Q4 FY22, the company reported profit before tax (PBT) of Rs. 85.74 crore and profit after tax (PAT) of Rs.59.61 crore thus registering 35% growth in its PBT and 24% growth in PAT as compared to the corresponding quarter last year.
  • In FY 22, the company reported PBT of Rs. 218.67 crore and PAT of Rs. 155.22 crore, clocking 83% growth in PBT and 70% growth in PAT as compared to FY 21. Read more

RailTel Corporation bags new work order for Rs220.55 crore; Stock surges over 2%

Published on: 10:21 am

  • Railtel Corporation of India stocks rally during Monday's trading session after the intimation regarding major order secured by the company.
  • As per the filing, the Company has received work order from Centre for Development of Advanced Computing for providing MPLS and Internet bandwidth for Implementation of CCTV Surveillance System at a total cost of Rs220.55 crore (Including GST). Read More

Aavas Financiers increases Prime Lending Rate by 25 bps; Stock gains 1%

Published on: 10:01 am

  • Aavas Financiers Ltd has informed that the Company has increases its AFL Prime Lending Rate (PLR) by 25 basis points, with effect from June 05, 2022.
  • At around 10:01 AM, Aavas Financiers was trading at Rs2096.25 per piece higher by 1.27% against previous closing of Rs2069 per piece on the BSE. Read more

Markets trade higher; Nifty above 15,850 led by auto, bank, metal stocks

Published on: 9:44 am

  • This week's trading session commenced on a positive note with Sensex testing 53,000 and Nifty 50 earmarking more than 15,850-level. Monday's trade is expected to be volatile on the back of mixed global cues. Investors appetite for Indian equities will largely be driven by global rends, economc outlook, April WPI inflation data and the ongoing corporate earnings of major companies. A broad-based buying was recorded with banking, financials and auto, metal stocks outperforming. Pharma stocks witnessed profit-booking.
  • In the opening bell, Sensex jumped nearly 230 points with an intraday high of 53,179.97. While Nifty 50 climbing nearly 77 points with an intraday high of 15,864.85. Read more

INOX Leisure starts operations of multiplex cinema theatre at Orchid Mall, Kalaburagi

Published on: 9:19 am

  • Inox Leisure Ltd has informed that the Company has commenced the Commercial Operations of a Multiplex Cinema Theatre taken on Lease basis, located at INOX Leisure Limited, 4th Floor, Orchid Mall, Station Main Road, Kalaburagi- 585105, Karnataka.
  • The said Multiplex Cinema Theatre has 4 screens and 794 seats. Read More

MHRA inspects Alkem Laboratories' Bioequivalence Center at Taloja

Published on: 9:17 am

  • Alkem Laboratories Ltd has informed that MHRA had conducted an online inspection at the Company’s Bioequivalence Center located at Taloja, Maharashtra from January 31, 2022 to February 04, 2022 and February 08, 2022 to February 10, 2022.
  • As per the Good Clinical Practice (GCP) Inspection Statement dated May 12, 2022, there were no critical or major observations identified and the said inspection stands closed. Read more

Maruti Suzuki to invest Rs11,000 crore in first phase for new manufacturing plant in Haryana; Stock

Published on: 9:16 am

  • Maruti Suzuki has been in discussion with the Government of Haryana for investment in a new manufacturing site for its proposed capacity expansion.
  • As per the regulatory filing, on May 13, 2022, the Company completed the process of allotment of an 800 acres site at IMT Kharkhoda in District Sonipat with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited). Read more

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