News Overview

As per the company’s filing with the bourses, the inspection was concluded with five procedural observations.

CONCOR stated that the transaction does not fall under related party transaction regulations of SEBI, as it is between two public sector enterprises.

The company has recently acquired 8.2 acres of land in North Bengaluru via its subsidiary Anthurium Developers Limited

At the operating level, EBITDA jumped 57.6% YoY to ₹657.3 crore, as against ₹417.2 crore in same quarter last year.

This project is supported by the UK Government with £500 million and is set to safeguard 5,000 jobs and dramatically cut the carbon emissions from the site.

In a regulatory filing, the company stated that the inspection resulted in five procedural observations, which it plans to address within the required timeframe.

With an estimated ₹600 crore in total revenue, the new project, which is located in Sanand, will be a boon for the companies, as per the company’s regulatory filing.

In the National Stock Exchange, shares of LG Electronics is currently trading at ₹79,700 which is a 0.38% gain than the previous close.

On Feb 18, indices close another volatile session in red.

The contract is for manufacturing and supply of single phase coupling transformers and single-phase transformers for transmission projects under the TBCB Model