GIC, , Ruchi Soya: General Insurance Corporation of India, Indian Railway Catering and Tourism Corporation, Indian Railway Finance Corporation,
, NBCC (India), , , , KRBL, Angel Broking and Rail Vikas Nigam are among the companies that will announce their March quarter results today.
Reliance Industries: Mukesh Ambani flagship RIL will be investing $1.2-1.5 billion in JV facility with Abu Dhabi National Oil Co in a factory to produce ethylene dichloride (EDC), located next to Adnoc’s integrated refining and petrochemicals site in Ruwais — the biggest such complex in the Middle East.
Adani Enterprises: The Adani Group aims for its airports to annually handle 80 million passengers once all the eight projects in its kitty are up and running. It aims to handle another 120 million non-passengers, including consumers at hotels and malls in the aerotropolis areas, the group’s flagship company said in its annual report.
HDFC Life Insurance: UK’s Standard Life, one of the promoters of the life insurer, is looking to sell up to 70 million shares or a 3.46 per cent stake in the insurance company through a block deal on Tuesday to raise up to Rs 4,606 crore.
Tata Motors: The homegrown automaker plans to have 10 new battery electric vehicles (BEVs) in its domestic product portfolio by 2025.
owned Jaguar Land Rover (JLR) aims to be the world’s most profitable luxury car manufacturer, according to Chief Executive Officer Thierry Bollore.
NTPC: The state owned electric firm has floated a global tender to invite expression of interest for setting up 1000 MWh of grid-scale battery energy storage system (BESS) at its power plants in India.
UPL: The agro chemicals major said it will set up of a new global business unit in natural plant protection (NPP). NPP will act as a standalone brand, consolidating UPL’s existing biosolutions portfolio, network of research and development labs and facilities worldwide, which currently accounts for 7 per cent of UPL’s total revenues, the company said.
Punjab & Sind Bank: The state-owned lender said it will seek shareholders’ approval next month to set off accumulated losses of over Rs 3,577 crore from its share premium account. The 11th annual general meeting (AGM) of the shareholders will be held through audio-visual means on July 20, 2021.
National Aluminium: The state owned aluminium producer reported a nine-fold rise in consolidated profit at Rs 935.74 crore for the quarter ended March 31, 2021, helped by strong operational performance and favourable prices. The company had posted a consolidated profit of Rs 100.51 crore in the year-ago period.
Products: The Godrej group firm said credit ratings agency ICRA has upgraded its long-term rating to AAA (Stable) from AA+ (Stable). It has also reaffirmed its short-term rating of A1+, the company said
Finolex Industries: The manufacturer of PVC pipes and fittings has reported a 433.7 per cent rise in profit after tax (PAT) at Rs 297.33 crore for the quarter ended March 31, 2021. The company had posted a PAT of Rs 55.71 crore in the year-ago period.
NLC India: The electric utility firm reported a nearly 52 per cent jump in consolidated profit to Rs 756.83 crore for the quarter ended on March 31, 2021. The company had posted a consolidated profit of Rs 498.12 crore in the year-ago period.
IFCI: The infrastructure term lender reported widening of its consolidated net loss to Rs 848.97 crore in the January-March quarter due to fall in income and change in its accounting policy. The company had posted a consolidated net loss of Rs 584.19 crore in the corresponding quarter a year ago.
IDBI Bank: The Chennai bench of the National Company Law Tribunal (NCLT) has grilled the lender again over one-time settlement deal reached between the IDBI Bank-led bank consortium and Siva Industries and Holdings (SIHL), the lender said.
Capital: Capital markets regulator Sebi has kept proposed initial share-sale of Aditya Birla Sun Life AMC in “abeyance”, an update with the watchdog showed on Monday. However, the Securities and Exchange Board of India (Sebi) did not clarify further.
Future Lifestyle Fashions: The Kishor Biyani led Future Group firm a consolidated net loss of Rs 149 crore for the fourth quarter ended in March 2021 impacted by the pandemic. The company had posted a net loss after taxes of Rs 148.65 crore during the January-March quarter a year ago.
Triveni Turbine: The steam turbine manufacturer reported a 69 per cent rise in its consolidated net profit to Rs 23.28 crore for the March quarter, mainly on account of higher income. The company’s net profit stood at Rs 13.78 crore in the fourth quarter ended March 31, 2020.
Zee Media: The essel group’s media firm reported a decline of 5.75 per cent in its consolidated net profit to Rs 10.50 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 11.14 crore during the January-March quarter of the previous fiscal.
