On July 15, 2024, NLC India Limited announced in a stock exchange filing that it has emerged as the successful bidder for the Machhakata (Revised) Coal Mine in Angul District, Odisha, in the 8th round of commercial coal block e-auction recently held by the Ministry of Coal, Government of India. The Machhakata Coal Mine Block …
Shares of Antony Waste Handling Cell Ltd. rose more than 7% today, following the company’s announcement of an 11% y-o-y increase in core revenue for the June quarter which was driven by strong performance in its Collection and Disposal business and a ramp-up at the Waste-to-Energy (WtE) plant in Pimpri near Pune. Performance at WtE …
Billionaire Mr. Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas to tap opportunities from increasing trade. After Sri Lanka, this port agreement with the Vietnamese government will increase the footprint of the Adani port to the next level. Adani Ports and Special Economic Zone Ltd. …
Dominance in Domestic Production Maharatna Oil and Natural Gas Corporation (ONGC) stands as the largest crude oil and natural gas company in India, contributing approximately 71% to the nation’s domestic production. Crude oil, the essential raw material supplied by ONGC, is utilized by downstream companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited …
Apollo Micro Systems’ shares surged by nearly 5% to Rs 109.80 today, after the company announced a project from the Indian Army, which involves the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) under the Make II category of DAP-2020. Project Details The VMCSDS project is Apollo Micro Systems’ first under the Make …
Aurobindo Pharma Ltd. saw a surge of around 6% today, hitting an unprecedented high after announcing its first share buyback proposal, to be discussed in a board meeting scheduled for July 18, 2024. The stock peaked at Rs.1404 per share which contrasts with a modest 0.5% increase in the NSE Nifty 50 index. A share …
Pitti Engineering, recognised as one of the foremost engineering companies in the country, has achieved a significant milestone by successfully raising ₹359.99 Crore through a Qualified Institutional Placement (QIP). This strategic move underscores the company’s robust standing in the market and its ability to attract substantial investments. Use of Funds Raised from QIP The funds …
Indian Oil Corporation (IOC) announced that it has commenced production of racing fuel and dispatched its first consignment. The Paradip refinery in Odisha has begun producing STORM-X, a high-octane petrol specifically designed for racing cars. IOC Director (Marketing) V. Satish Kumar announced the dispatch of the first STORM-X consignment at an event on Saturday. Indian …
On July 15, 2024, Dilip Buildcon Limited announced the transfer of a 26% stake in its wholly-owned subsidiary, Viluppuram Highways Limited, to Alpha Alternatives Holdings Private Limited. This follows previous disclosures regarding their long-term partnership made on November 7, 2023, February 12, 2024, March 30, 2024, and April 1, 2024. The company stated that the …
Introduction Ashok Leyland, the flagship company of the Hinduja Group and a leading commercial vehicle manufacturer in India, has achieved a significant milestone by securing its largest single order to date. The Maharashtra State Road Transport Corporation (MSRTC) has awarded Ashok Leyland the contract to supply 2104 Viking passenger buses, further solidifying its dominant position …
