News Overview

Here is the stock market performance at 2:30 PM today.

With the acquisition of the said project, ATL will exceed 18,500 ckt km of transmission lines and 38,600 MVA transformation capacity. It shall also be able to operate a distribution business serving near 3 million clients in Mumbai.

The company delivered industry-leading bottom-line performance and crossed the Rs200 Cr PBT and Rs150 Cr PAT milestones for the first time in its history.

The project is estimated to have, in aggregate, a revenue potential of around Rs2,000cr over a period of the next 5 years.

Birlasoft will hold a meeting of the Board of Directors of the Company on 27 January 2022

This will be the seventh consecutive time, Birla Soft being featured across the named category.

Revenue recorded a growth of 20% yoy to Rs1,688cr. In dollar terms, revenue was at $225.1 million up by 18% yoy.

Ten-year yields inched about 1 basis point at 1.8860% after hitting 1.8900%, while five-year yields settled at 1.6795%, marking new two-year highs recorded in the early session.

The Company had submitted offer to Bailey Properties Private Limited in respect of the Project

Gross NPA and Net NPA as of 31 December 2021 stood at 1.73% and 0.78% respectively, as against 2.45% and 1.10% as of 31 September 2021.