TOP CORPORATE NEWS
NBCC secures order worth
Rs540.81 cr in July
National Buildings
Construction Corporation ( NBCC ) announced that the Company has secured total
business amounting Rs540.81 crore (approx) from various clients in the month of
July, 2015.
Petrol price cut by Rs2.43;
Diesel by Rs3.60 a litre
Petrol price was
cut by Rs2.43 per litre and diesel by Rs3.60 a litre, the third reduction in
rates this month.
IOC cuts non-subsidised LPG
price by Rs23.5/cylinder
IOC cuts non-subsidised LPG price by Rs23.5/cylinder to Rs585 in Delhi.
CESC lines up Rs3,000 crore for
renewables
CESC lines up
Rs3,000 crore for renewables – positives for wind & solar energy stocks
like Inox wind, Suzlon energy .CESC is increasingly focusing on renewable
energy and has decided to pump in Rs3,000 crore over 18 months to expand its
capacity in this area to 500 MW. CESC is developing small wind and solar
projects and also looking at major solar and wind projects in Rajasthan,
Gujarat, Tamil Nadu and Madhya Pradesh. Currently, the company's renewable
energy capacity is a 74 MW, both solar and wind. The total capacity, including
thermal of CESC and its subsidiaries, is 2,500 MW.
SSWL records highest ever
monthly sales turnover and volume
Steel Strips
Wheels Ltd ( SSWL) announced that in July 2015, the Company achieved its
highest ever monthly volume sales and turnover. Total wheel rim sales in
numbers stood at 11.63 lakh compared to 11.02 lakh in July 2015, representing a
growth of 5.6%. In terms of value, the Company has achieved highest gross
turnover of Rs122.27 crore in July 2015, recording a growth of 5.85% over July
2014. It has achieved highest net turnover of Rs110.05 crore in July 2015
compared to 104.29 crore in July 2014, recording a growth of 5.5%.
PVV Infra bags order from
Mahanadi Coalfields
PVV Infra
announced that the Company has bagged Work order from Mahanadi Coalfields dated
August 02, 2015 for supply & installation of 103 Nos of Prefab toilet
blocks in the State of Odisha under Swachh Bharat Swachh Vidyalaya
Abhiyan.
Kharif acreage goes up 25% to
693.8 hectares
Kharif acreage has
gone up 25% to 693.8 hectares till end of 3rd week of July 2015; Skymet expects
monsoon season to end with normal rainfall – positive read through for FMCG
companies.
PFS divests entire stake in
Ind-Bharath for Rs312 crore
PTC India
Financial Services ( PFS) divests its entire stake in Ind-Bharath for Rs312
crore – significant positive for PFS .PTC India has successfully divested its
entire stake in Ind-Barath Energy (Utkal) Limited (Ind-Barath) for an amount of
Rs311.93 crore). Ind-Barath is setting up a 700 MW coal based thermal power
project in Orissa and PFS had invested a sum of Rs105 crores in the same in
2009-10.
Ultratech to raise Rs9,000
crore via NCDs
Ultratech to raise
Rs9,000 crore through issue of NCD. The funds are to be utilized for various
purposes, including capital expenditure, loan refinancing and
prepayment.
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