HFCL, , : HFCL, Delta Corp, Saregama India, Ramkrishna Forgings, Tata Metaliks, Company of India, Krsnna Diagnostics, Lesha Industries and Sri Lakshmi Saraswathi Textiles are among the companies that will announce their March quarter results today.
Reliance Industries: Billionaire Mukesh Ambani’s RIL announced acquisition of Norway-based solar panel manufacturer REC Solar Holdings for USD 771 million as the oil-to-retail conglomerate made its first move towards creating a multi-billion-dollar clean energy portfolio to become net carbon zero by 2035.
Tata Consultancy Services: The IT major reported a 14.1 per cent rise in consolidated net profit to Rs 9,624 crore in the September 2021 quarter, aided by broad-based growth across geographies and verticals.
Bharti Airtel: The telecom operator said Badal Bagri has resigned as chief financial officer of the company to pursue other opportunities and that Soumen Ray will take over the role with effect from December 21, 2021.
NTPC: The state-owned power giant said it has paid the final dividend of Rs 3,054.45 crore for 2020-21. For the financial year 2020-21, NTPC Ltd has paid a final dividend of Rs 3,054.45 crore, being 31.5 per cent of the company’s paid-up equity share capital.
Macrotech Developers: The realty firm has sold properties worth Rs 3,000 crore during April-September on better demand, and looks to double its sales bookings in the second half to reach the Rs 9,000 crore target this fiscal year.
Sterling & Wilson Solar: As part of deleveraging its stretched balance-sheet, the Shapoorji Pallonji Group is divesting its second key asset within a month by selling 40 per cent stake in Sterling & Wilson Solar to Reliance Industries for Rs 1,100 crore through a multi-stage transaction.
Ultratech Cement: The cement player has emerged as preferred bidder for a limestone block in Madhya Pradesh. Ramstahn Ghunchihai limestone mine, which has reserves of 209.77 million tonnes, was auctioned in the current fiscal.
Adani Total Gas: The company has signed a definitive Agreement for collaborating on the establishment of a bio-conversion plant with a design capacity of about three hundred and fifty (350) tonnes per day of feed processing.
Tata Power: Coal shortage crisis seems to be deepening as a Tata Power arm, Tata Power Delhi Distribution Ltd (DDL), operating in Delhi has sent phone messages to its customers to use electricity judiciously in the afternoon referring to the ongoing issue.
Sterlite Technologies: The digital networks integrator announced that Anand Agarwal would step down as CEO and director of the company with effect from December 2, 2021, to pursue his personal interests. The board has accepted his resignation and appointed Ankit Agarwal as managing director of the firm with immediate effect.
Route Mobile: Subsidiary Route Mobile (UK) has entered into a Stock Purchase Agreement with the existing shareholders of Masivian S.A.S., Colombia, South America to acquire 100% shareholding in Masivian.
Gland Pharma: The drug firm said it has received a tentative nod from the US health regulator for generic Sugammadex injection, which is indicated for reversing the effects of the muscle relaxants rocuronium bromide and vecuronium bromide given to patients during surgery.
Bank of Maharashtra: The state-owned lender said it has launched a digital lending platform for its home and car loan customers. The platform will enable prospective retail loan seekers to get loans digitally through a paperless process at the convenience of their place and time of choice.
GMR Infra: The Group is investing Rs 6,300 crore on Rajiv Gandhi International Airport here to expand the aerodrome capacity to 34 million passengers per annum by 2024.
Lincoln Pharmaceuticals: The drug major said Gujarat-based manufacturing facility has received approval from Australia’s medicines and medical devices regulator. The certification will be valid till June 2023.
Vakrangee: To maximize shareholder value, the commercial servicers player announced the demerger of both the businesses into a separate entity.
GOCL Corporation: Subsidiary IDL Explosives has bagged order from Coal India, for supply of bulk explosives, to be supplied over a period of 2 years.
Vascon Engineers: The company has approved allotment of 3,11,80,395 equity shares, at a price of Rs 22.45, on a preferential basis to several non-promoters including Crest Ventures.
