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Waaree Renewable Technologies: The company received a letter of intent for engineering, procurement, and construction services for setting up a solar power project of 52.6 MWp capacity. The project is expected to be completed in FY24.
Coal India: announced today its plan to invest Rs 24,000 crore in green transportation of coal.
JAY BHARAT MARUTI: FUND RAISING PLANS AGM on 16-September (This Saturday)To consider and approve the Proposal for Raising of Fund/issue of Securities
@daytradertelugu
Coal India: announced today its plan to invest Rs 24,000 crore in green transportation of coal.
JAY BHARAT MARUTI: FUND RAISING PLANS AGM on 16-September (This Saturday)To consider and approve the Proposal for Raising of Fund/issue of Securities
@daytradertelugu
STOCKS IN ACTION 13 SEPTEMBER
NTPC: The power company completed the trail operation of Unit 1 of the 800 MW capacity of Stage I of the Telangana Super Thermal Power Project and consequently included it in its installed capacity. With this, the installed capacity of NTPC and the NTPC Group has become 57,838 MW and 73,824 MW, respectively.
Infosys: The IT major has tied up with STARK Group, Europe’s largest retailer and distributor of building materials, to establish a state-of-the-art data centre in Denmark, which will serve as the foundation to drive technological advancements with an ‘AI first’ approach powered by Infosys Topaz.
Wipro: Wipro Holdings (UK) has transferred 100% of its shareholding in Wipro 4C NV to Wipro IT Services UK Societas, effective Sept 12. Wipro Holdings (UK) and Wipro IT Services UK Societas are wholly-owned subsidiaries of the company, while Wipro 4C NV is the step-down subsidiary. The rationalisation and simplification of the overall group structure is the objective behind the stake transfer.
IRCTC: The company signed an MoU with NBCC Services for the planning, designing, and execution of interior works for its upcoming office space in Delhi. The cost of the project is Rs 31.4 crore.
Tata Power: Subsidiary Tata Power Solar Systems, signed an MoU with the Small Industries Development Bank of India to finance MSMEs for solar adoption.
Mahindra and Mahindra: Company has been fined Rs 1,69,949 by the Assistant Commercial Taxes Department, Begumpet Division, Hyderabad for not reversing VAT ITC, as per an exchange filing. It also added that it is hopeful for a favourable outcome at the appellate level.
Avenue Supermarts: The retailer has opened a new store in Perungudi, Tamil Nadu, taking the total number of stores to 334.
Mining companies: To boost exploration of critical minerals, the government has announced that an incentive of 25% of the approved project cost will be extended to exploration agencies. This incentive will be provided through the National Mineral Exploration Trust and will help in the discovery of critical minerals in the country. Exploration agencies from both the public and private sectors can a
Trent: Booker India, a subsidiary of the company, has acquired approximately 4.95% of the equity share capital of its subsidiary, Fiora Online, from a shareholder. The cost of acquisition is Rs 4.1 crore.
KEC International: The company secured new orders of Rs 1,012 crore across its various businesses in its civil, transmission and distribution, and cables segments.
The Phoenix Mills: The company has incorporated a wholly owned subsidiary, Orcus Logistics and Industrial Parks.
RITES: The company signed an MoU with CFM Angola for cooperation in the development of railways and related infrastructure, including the supply of rolling stock.
CRISIL: The company has entered into a definitive agreement to acquire renewable energy consulting and knowledge services provider Bridge To India Energy for a consideration of Rs 6 crore. The acquisition is expected to close in the next three months.
GMR Power and Urban Infra: The company increased its stake from 82% to 100% in GMR Smart Electricity Distribution from its subsidiary, GMR Generation Asset, for Rs 5 lakh.
GE Power: The company received a purchase order from Vedanta for the combustion modification of a boiler. The base value of the order is Rs 25 crore, and the time period for execution is 14 months.
Vakrangee: The company will acquire an 8.8% equity stake in Vortex Engineering from the International Finance Corporation. Through this acquisition, Vakrangee will have a cumulative shareholding of 57.3%.
NTPC: The power company completed the trail operation of Unit 1 of the 800 MW capacity of Stage I of the Telangana Super Thermal Power Project and consequently included it in its installed capacity. With this, the installed capacity of NTPC and the NTPC Group has become 57,838 MW and 73,824 MW, respectively.
Infosys: The IT major has tied up with STARK Group, Europe’s largest retailer and distributor of building materials, to establish a state-of-the-art data centre in Denmark, which will serve as the foundation to drive technological advancements with an ‘AI first’ approach powered by Infosys Topaz.
Wipro: Wipro Holdings (UK) has transferred 100% of its shareholding in Wipro 4C NV to Wipro IT Services UK Societas, effective Sept 12. Wipro Holdings (UK) and Wipro IT Services UK Societas are wholly-owned subsidiaries of the company, while Wipro 4C NV is the step-down subsidiary. The rationalisation and simplification of the overall group structure is the objective behind the stake transfer.
IRCTC: The company signed an MoU with NBCC Services for the planning, designing, and execution of interior works for its upcoming office space in Delhi. The cost of the project is Rs 31.4 crore.
Tata Power: Subsidiary Tata Power Solar Systems, signed an MoU with the Small Industries Development Bank of India to finance MSMEs for solar adoption.
Mahindra and Mahindra: Company has been fined Rs 1,69,949 by the Assistant Commercial Taxes Department, Begumpet Division, Hyderabad for not reversing VAT ITC, as per an exchange filing. It also added that it is hopeful for a favourable outcome at the appellate level.
Avenue Supermarts: The retailer has opened a new store in Perungudi, Tamil Nadu, taking the total number of stores to 334.
Mining companies: To boost exploration of critical minerals, the government has announced that an incentive of 25% of the approved project cost will be extended to exploration agencies. This incentive will be provided through the National Mineral Exploration Trust and will help in the discovery of critical minerals in the country. Exploration agencies from both the public and private sectors can a
Trent: Booker India, a subsidiary of the company, has acquired approximately 4.95% of the equity share capital of its subsidiary, Fiora Online, from a shareholder. The cost of acquisition is Rs 4.1 crore.
KEC International: The company secured new orders of Rs 1,012 crore across its various businesses in its civil, transmission and distribution, and cables segments.
The Phoenix Mills: The company has incorporated a wholly owned subsidiary, Orcus Logistics and Industrial Parks.
RITES: The company signed an MoU with CFM Angola for cooperation in the development of railways and related infrastructure, including the supply of rolling stock.
CRISIL: The company has entered into a definitive agreement to acquire renewable energy consulting and knowledge services provider Bridge To India Energy for a consideration of Rs 6 crore. The acquisition is expected to close in the next three months.
GMR Power and Urban Infra: The company increased its stake from 82% to 100% in GMR Smart Electricity Distribution from its subsidiary, GMR Generation Asset, for Rs 5 lakh.
GE Power: The company received a purchase order from Vedanta for the combustion modification of a boiler. The base value of the order is Rs 25 crore, and the time period for execution is 14 months.
Vakrangee: The company will acquire an 8.8% equity stake in Vortex Engineering from the International Finance Corporation. Through this acquisition, Vakrangee will have a cumulative shareholding of 57.3%.
