News Overview

NCC has receives five orders totaling to Rs 1898 crore in month of December 2021 Out of this three orders of Rs 988 crore pertain to Building Division and balance two orders of Rs910 crore pertain to Water Division These orders are received from State Government agencies and do not include any internal orders

Fino Payments Bank has received the RBI approval for commencing International Remittance business under the Money Transfer Service Scheme MTSS The Bank will be undertaking inward cross-border money transfer activities and will be partnering with an Overseas Principal It has also received the approval to partner with one of the largest global remittance service providers as its Overseas Principal

PTC India announced that Himanshu Shekhar Executive Director of NHPC has been appointed as Nominee Director of NHPC DIN – 0009448637 on the Board of PTC India wef 31 December 2021

Anjani Portland Cement has received revision in credit ratings from CARE as under Long term bank facilities – CARE A; Stable Reaffirmed and removed from Credit watch with developing implications; Stable outlook assigned Short term bank facilities – CARE A1 Reaffirmed and removed from Credit watch with developing implications

The board of Kiri Industries will meet on 11 January 2022 to issue equity shares on conversion of 26 foreign currency convertible bonds FCCBs

Ashok Leyland sold 12518 units in December 2021 compared to 12760 units in December 2020 recording a decline of 2Percentage Domestic sales declined 3Percentage to 11493 units in December 2021

Vardhman Textiles has allotted 84450 equity shares of face value Rs 10 each under ESOP on 03 January 2022

Man Infraconstruction announced that Parag K Shah Promoter ceased to be the Chairman of the Company He will continue to serve as Non-executive Director and has been designated as Chairman Emeritus of the Company; and Berjis Desai Non-Promoter has been classified as Non-Independent Nonexecutive Director and appointed as Non-executive Chairman of the Company The change in directorate is effective from 01 January 2022

Transformers Rectifiers India has been awarded orders of Transformers for total contract value of Rs 235 crore from Gujarat Energy Transmission Corporation GETCO With this order the Companys Order book as on date stands around Rs 986 crore

Ramkrishna Forgings has won the prestigious Overall Supplier Excellence for Eicher Engineering Components award for the year 2021 at VECV Supplier Conference21