The Company has transferred 45.20 lakh equity shares having face value of Rs10/ each of Arka Fincap— Subsidiary Company to AFHPL, a wholly-owned subsidiary at Rs49,720,000/.
The orders involve the supply of Primary Explosives Plant and fabrication and supply of R-III rocket motors.
India’s trade deficit and inflation outlook are worsening amidst this gripping crisis between Russia and Ukraine.
The Company plans to add an additional 1-million-cylinder manufacturing capacity with a capital outlay of about Rs90 crore in the period of the next 12-15 months.
The company has acquired 1,66,054 shares of Rs10 each in Gtropy, valuing Rs13.50 crore.
Bank Nifty outperformed the Nifty index by ~0.2% with both the indices closing ~1.8%/1.6% lower
Sushil Kumar Roongta, aged around 71, is an Electrical Engineering graduate from BITS, Pilani.
Dr. Bathe has a rich experience of 21 years in providing strategic guidance to the company.
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