STOCKS IN ACTION 14 August🔽

Power Finance Corporation Approves Bonus shares at a ratio of 1:4

Muthoot Finance: The company will seek shareholders' approval to raise borrowing limit to Rs 1 lakh crore. The board has approved infusion of Rs 400 crore in its unit Muthoot Money and acquisition of 2.05% stake in Belstar Microfinance from existing promoters for Rs 43 crore.

Sterling and Wilson Renewable Energy: The company bagged a Rs 1,130 crore order from Gujarat Industries Power for its proposed 600 MWac solar project at Khavda. The project comprises two blocks of 300 MWac with a three-year operation and maintenance contract.

NBCC: The company received work orders worth Rs 279.31 crore for four different projects.

Mahindra EPC Irrigation: Gets Contracts Worth 287.6 Mln Rupees

Asian Energy Services: Gets Order Worth 409.1M Rupees
Gets Callout Order from Vedanta for Services of Acquisition of Seismic Data in Gujarat

Surya Roshni: Received Orders Worth 1.72B Rupees from BPCL and HPCL

NLC India: The company has emerged as successful bidder for North Dhadu coal mine in Jharkhand. The mine has a coal reserve of 434.65 MT with peak rated capacity of 3 MTPA.

Lupin: US FDA clears Lupin’s unit-2 mfg facility in Mandideep, India, US FDA completes GMP inspection of Mandideep unit-2 with no observations
US FDA conducted a GMP inspection at Mandideep unit-2 from August 7-11

Reliance Industries: Jio Platforms' arm Radisys completed the acquisition of wireless broadband solutions firm Mimosa from U.S.-based Airspan Networks Holdings. In March, the company had agreed to buy Mimosa for $60 million or about Rs 491 crore on a debt- and cash-free basis.

Servotech Power Systems: Signed MOU with Government of Uttar Pradesh
MOU to Set up EV Charger Manufacturing Plant in State Along with Backward Integration

Exide Industries: Unit Setting up Green Field Lead Acid Battery Recycling Manufacturing Facility at Maharashtra || Maharashtra Pollution Control Board Granted Consent to Operate (CTO)

TTK Prestige: Says Fresh Capacity of 1100 Inner Lid Stainless Steel Cooker per Day Created at Co's Factory
Says Commercial Production Has Been Commenced

DCB Bank: The bank will acquire 9.9% stake in micro-lender Saksham Gram Credit for Rs 3.99 crore.

ITC: Sanjiv Puri was reappointed as Managing Director and Chairman for five years with effect from July 22, 2024.

Uno Minda Arm Uno Minda Buehler Motor commissions EV systems plant in Bawal, Haryana, the plant will manufacture traction motors/BLDC motors for EV 2-wheeler and 3-wheeler

AdaniPorts Says the Board has noted and accepted the resignation of Deloitte Haskins & Sells LLP
Board approves appointment of MSKA & Associates Chartered Accountants as new auditor

Orissa Minerals Development: Says State Pollution Control Board, Odisha Issued Consent to Operate
Says Consent to Operate for Bagiaburu Iron Ore Mines of Co

Abans Holdings gets board approval for its expansion plans. The company will incorporate a subsidiary in GIFT city to carry out lending business

Redington: Rajiv Srivastava resigned as MD with immediate effect citing personal reasons. The board will initiate search for the vacancy at the earliest.

RBL Bank: Chief Operations Officer Pankaj Sharma resigned and will be relieved from his duties on Sept. 20. Alok Rastogi, head – Corporate Centre, will now directly handle the Operations function also.

Timken India to shut Jamshedpur plant from August 25-September 3, 2023 on low demand and better demand planning for production efficiency

@daytradertelugu