News Overview

“In view of the above, the paid-up equity share capital of the Company has increased from Rs55,40,77,515/- (11,08,15,503 equity shares of Rs5/- each) to Rs72,03,00,765/- (14,40,60,153 equity shares of Rs5/- each), the company added.

The shares have gained over 8% to extend the two-day rally. Also, its shares have been double from the IPO price of Rs230.

The Project is to be constructed in 30 months and operated for 15 years post construction.

Whereas, Bank Nifty too swung higher as the 12-share banking index gained over 100 points to settle above 35,800.

The bid project cost is Rs1255 crore and expected completion period is 24 months.

The latest survey by Voltas indicated that Indian customers' preferences in the home appliance category are evolving, with comfort, convenience, cooling, health, and technology becoming the top priority.

The FOTA solution is designed to further the development of intelligent and connected products for its customers across the industry.

The company defaulted in the payment to HDFC Limited for the month of March 2022 for Rs1712854/- and Rs1712931/-.

Dealer’s survey suggests a 7% Y-o-Y volume growth for FY2023 after a flattish FY2022; most participants expect near-term demand pressure with expectations of a 10% Y-o-Y volume decline in Q4 FY2022.

Business Wire India OIL held its March 2022 Board Meeting on Tuesday, March 22nd and its 2022 AGM by virtual means on Thursday, March 24th.   During the Board meeting, the directors approved the Company’s 2021 financial statements, discussed the execution progress of the 5 year Strategic Plan and approved the payment of a $350 million dividend on or before June 30th, 2022 for shareholders […]