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Contact: Daytradertelugu@gmail.com
STOCKS IN ACTION 31 October
Tata Motors: The carmaker said an arbitration panel has ruled in its favour to recover Rs 766 crore with interest from the West Bengal Industrial Development Corp. for the Singur-Nano project that the company was forced to scrap.
Marico: The board approved an interim dividend of Rs 3 per share.
Power Grid Corp: The company acquired Beawar Dausa Transmission via tariff-based competitive bidding for an aggregate value of nearly Rs 21.37 crore, subject to adjustment.
Gulf Oil Lubricants: The company acquired 51% of Tirec Transmission.
Filatex India: Board-approved expansion project for manufacturing recycling ships with a capacity of 20,000 TPA from polyester and textile waste. The project is to be executed by a company or subsidiary at an estimated cost of Rs 150 crore.
JK Cement: The company proposed to acquire shares of four companies under captive power plant mode through SPV.
Chemplast Sanmar: The custom-manufactured chemical division signed an LOI with a global agrochemical innovator to manufacture a new pipeline of active ingredients for five years. Commercial supplies are expected to start in CY2025.
Astral: Atul Sanghvi, president of Faucet and Sanitary Ware, resigned.
DCM Shriram: The company will set up a sugar plant in Loni, Uttar Pradesh, to increase capacity to 9,400 TCD from 7,300 TCD.
HFCL: The company launched a comprehensive suite of next-gen connectivity products and solutions at India Mobile Congress 2023.
Colgate Palmolive: The company received a transfer pricing order of Rs 170 crore from the Income Tax Authority for AY 2021–22. It will make an application before the Dispute Resolution Panel.
Prism Johnson: The company’s greenfield tile production plant in West Bengal, with a capacity of 6.3 MSM p.a., started commercial production. Total tile production capacity of H&R Johnson (India) Division up from 61 MSM p.a. to 67 MSM p.a.
Bajaj Hindusthan Sugar: The company has received Rs 1,361 crore in the respective escrow account maintained exclusively for cane price payments for each of its 14 sugar units from Uttar Pradesh Power Corporation. The amount is paid to the cane growers towards the cane payment arrears for the sugar season 2022–23.
PSP Projects: The company bagged work orders worth Rs 200.25 crore in Gujarat. The total order inflow for FY24 amounts to Rs 958.63 crore.
@daytradertelugu
Tata Motors: The carmaker said an arbitration panel has ruled in its favour to recover Rs 766 crore with interest from the West Bengal Industrial Development Corp. for the Singur-Nano project that the company was forced to scrap.
Marico: The board approved an interim dividend of Rs 3 per share.
Power Grid Corp: The company acquired Beawar Dausa Transmission via tariff-based competitive bidding for an aggregate value of nearly Rs 21.37 crore, subject to adjustment.
Gulf Oil Lubricants: The company acquired 51% of Tirec Transmission.
Filatex India: Board-approved expansion project for manufacturing recycling ships with a capacity of 20,000 TPA from polyester and textile waste. The project is to be executed by a company or subsidiary at an estimated cost of Rs 150 crore.
JK Cement: The company proposed to acquire shares of four companies under captive power plant mode through SPV.
Chemplast Sanmar: The custom-manufactured chemical division signed an LOI with a global agrochemical innovator to manufacture a new pipeline of active ingredients for five years. Commercial supplies are expected to start in CY2025.
Astral: Atul Sanghvi, president of Faucet and Sanitary Ware, resigned.
DCM Shriram: The company will set up a sugar plant in Loni, Uttar Pradesh, to increase capacity to 9,400 TCD from 7,300 TCD.
HFCL: The company launched a comprehensive suite of next-gen connectivity products and solutions at India Mobile Congress 2023.
Colgate Palmolive: The company received a transfer pricing order of Rs 170 crore from the Income Tax Authority for AY 2021–22. It will make an application before the Dispute Resolution Panel.
Prism Johnson: The company’s greenfield tile production plant in West Bengal, with a capacity of 6.3 MSM p.a., started commercial production. Total tile production capacity of H&R Johnson (India) Division up from 61 MSM p.a. to 67 MSM p.a.
Bajaj Hindusthan Sugar: The company has received Rs 1,361 crore in the respective escrow account maintained exclusively for cane price payments for each of its 14 sugar units from Uttar Pradesh Power Corporation. The amount is paid to the cane growers towards the cane payment arrears for the sugar season 2022–23.
PSP Projects: The company bagged work orders worth Rs 200.25 crore in Gujarat. The total order inflow for FY24 amounts to Rs 958.63 crore.
@daytradertelugu
