News Overview

CRISIL believes that improved profitability of Vedanta in fiscal 2022, could help cut down debt at Vedanta Resources from levels of December 2021 and thus support consolidated deleveraging.

NALCO and SAIL advanced over 7.5%. Hindustan Copper and Vedanta were also around 7.5% while Tata Steel, JSW Steel, and Hindalco also rose more than 5% to further push the Index gains.

Business Wire India Funds will boost the expansion plan of the group. Fuel inorganic growth as the group plans to double number of stores in the next 2 years. To set up indigenous e-commerce business thereby becoming omni-channel players in the sector. Group operating value retail chain 1-India Family Mart, has raised Series B funding of INR 500 million from Dubai-based Gulf Islamic Investments (GII). […]

For the CY21, the company’s profit jumped 28.28% to Rs68.05 crore.

Development of Kharaba land into CFS in Joint Venture with Gujarat Government.

Here is the stock market performance at 11:30 AM today.

The accepted offer of the Project is Rs692.50 crore.

The company has also extended the lay-off period of 03 workmen out of 78 workmen till April 15, 2022, at the same unit.

The credit rating agency has reaffirmed the rating on the short-term commercial paper program.

The Company intends to fund the investment through cash on the balance sheet.