Reliance Industries: Sterling & Wilson Renewable Energy Limited (SWREL) said that Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries, has become its promoter after paying the remaining Rs 1,583 crore to acquire 25.90 per cent equity.
HDFC: The country’s largest mortgage lender said it disbursed loans of Rs 7,468 crore in the quarter ended December 2021, up 5.5 per cent from a year ago. It had disbursed loans of Rs 7,076 crore in the corresponding December 2020 quarter of the previous financial year.
Tech Mahindra: The IT major announced that it has secured a Data Analytics Specialization certification in the Google Cloud Partner Advantage Program, strengthening its expertise in the data analytics space.
Maruti Suzuki India: The company produced 1,52,029 vehicles in December 2021 as against 1,55,127 vehicles in December 2020. The company exported 2,05,450 vehicles in 2021, the highest ever in a calendar year.
Vedanta: The Anil Agarwal-led miner said production of cast metal aluminum at its smelters stood at 5,79,000 tonnes in the third quarter of the current fiscal, registering a growth of 16 per cent.
Tata Power: Power Player said that Sanjeev Churiwala has joined as the new Chief Financial Officer of the company. Ramesh Subramaniam, former CFO, will move on to a new role within the Tata Group.
Marico: The FMCG major said its consolidated revenue grew in the “low teens” during October-December, with continued inflation easing consumption across the sector.
Rich Services: Financial Services Player, formerly Indiabulls Ventures will begin its Rs 300 crore fundraising program through a public issue of bonds. The base size of the issue of non-convertible debentures (NCDs) is Rs 150 crore, with an option to maintain oversubscription up to Rs 150 crore in aggregate. 300 crores Rs.
NCC: The construction and engineering player said it has received five new orders worth Rs 1,898 crore in December. Three orders worth Rs 988 crore pertain to Building Division and the remaining two orders worth Rs 910 crore pertain to Water Division.
Hindustan Zinc: The Vedanta Group firm reported 11 per cent growth in integrated metal production to 2,61,000 tonnes in the third quarter of the current fiscal, supported by better plant and mined metal availability and better operating parameters. The company’s integrated metal production stood at 2,35,000 tonnes in the year-ago period.
CSB Bank: Private lenders’ gross advances grew 11.55 per cent to Rs 14,827.10 crore for the quarter ended December 31, 2021, according to the lender’s provisional data released. In the same quarter a year ago, the private sector bank had reported gross advances of Rs 13,291.39 crore.
Lemon Tree Hotel: Goldman Sachs (Singapore) Pte.- ODI acquired 30,02,214 equity shares in the company at Rs 46.6 per share through a block deal on BSE. Zaba was the Pan Asia Master Fund seller.
Krishna Institute of Medical Sciences: Goldman Sachs (Singapore) Pte acquired 72,009 equity shares in the company at Rs 1,425.65 per share through a block deal on BSE. Zaba was the Pan Asia Master Fund seller.
Bajaj Electricals: The home appliance maker said it is going to permanently shut down its manufacturing unit located in Shikohabad, Uttar Pradesh. The Board of the Company in its meeting considered and approved the proposal for permanent closure of operations at the said Shikohabad unit.
Dileep Buildcon: The company has received Letter of Approval (LOA) for contract mining work for overburden removal for Amdand OCP, Jamuna Kotma field in Madhya Pradesh valued at Rs 2,683.02 crore by South Eastern Coalfields (SECL), a subsidiary of Coal India.
Future Retail: The retail arm of Future Group along with its promoters has approached the Delhi High Court against the orders passed by the Singapore International Arbitration Center (SIAC) last week related to the Future-Reliance deal.
wind power: The renewable energy company will seek shareholders’ approval to raise up to Rs 90 crore by issuing 10.62 lakh convertible warrants at its extraordinary general meeting (EGM) later this month. Convertible warrants will be issued at the rate of Rs 847 per unit at the EGM to be held on January 25, 2022.
Electra Greentech: The Hyderabad-based maker of the country’s largest electric buses said it received Letter of Award (LoA) for 50 e-buses from “one of the state transport authorities” for inter-city operations under the central government’s FAME-II scheme Is. The delivery of these buses is to be done in 12 months.
Realty and Infra India: The real estate player said that it will invest Rs 110 crore for the redevelopment of a housing society in Mumbai. The company has entered into a development agreement for the redevelopment of Fairyland Co-operative Housing Society located in Juhu, Mumbai.