Auto stocks, Tata Steel, Adani Green Energy in focus

2 Mar 2022 , 08:52 AM

Maruti Suzuki India: The company recorded a total sales of 1,64,056 units in February 2022, down 0.25% as against 1,64,469 units sold in February 2021.

Tata Motors: Tata Motors sales in the domestic & international market for February 2022 stood at 77,733 vehicles as compared to 61,258 units during February 2021, recording a growth of 26.89%.

Ashok Leyland: The Hinduja Group companys sales grew 7% to 14,657 units in February 2022 from 13,703 units sold in February 2021.

Eicher Motors: Eicher Motors unlisted subsidiary, VE Commercial Vehicles (VECV) sold 5,856 units of commercial vehicles in February 2022, registering a rise of 7.3% year on year from 5,457 units in February 2021.

Escorts: The companys total tractor sales declined by 45.6% YoY to 6,114 units in February 2022 from 11,230 units sold in February 2021.

Tata Steel: Tata Steel Advanced Materials (TSMAL), an indirect wholly owned subsidiary of Tata Steel, has executed a share purchase cum shareholders agreement for acquisition of 90% equity stake in Ceramat (CPL).

Adani Green Energy: Adani Green Energy on Tuesday announced that it received the Letter of Award (LoA) to set-up 150 MW solar power project from Punjab State Power Corporation.

Coal India: The state-run coal majors offtake stood at 57.4 million tonnes (MT) in February 2022, growing 12% as compared with 51.3 MT recorded in the same month last year.

Panacea Biotec: Panacea Biotec and its wholly-owned subsidiary Panacea Biotec Pharma (PBPL) have entered into definitive agreements for sale of pharmaceutical formulations brands of PBPL for India and Nepal, to Mankind Pharma.

Page Industries: Page Industries said Sunder Genomal has submitted his resignation from the position of managing director and will continue as non-executive director.

Brightcom Group: Hyderabad-based Brightcom Group on Monday said the Securities and Exchange Board of India (Sebi) ordered a forensic audit of books of accounts of the company on 16 September 2021.

Varun Beverages: Varun Beverages on Monday announced that the companys board approved the proposal to enter into an agreement to manufacture Kurkure Puffcorn for PepsiCo India Holdings Private Limited as a part of their network of co-packers.

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