Stocks in News: GRINFRA, POWERGRID, PCBL, BOB: NTPC Green Energy IPO likely in early November

AHMEDABAD, 24 SEPTEMBER

G R Infraprojects: Company emerged as lowest bidder for project with bid value Rs 9.04 billion (Positive)

Power Grid: Company has been announced as the successful bidder for project, which involves providing dynamic reactive compensation at khavda pooling station 1 and khavda pooling station 3. (Positive)

Navkar Corporation: Company has received no objection from the Ministry of Railways for the change of control of its promoters to JSW Port Logistics Private Limited. (Positive)

PCBL: Company Plans To Acquire 100% Of Enersil’s Shareholding for an Amount Equivalent to AUD 2,000,100, Acquisition Aims to Enhance PCBL’S Product Offerings in a Growing Market, Particularly for Electric Vehicles. (Positive)

Fermenta Biotech: Company receives EU GMP certification for its Dahej manufacturing facility, Gujarat. (Positive)

Sam Industries: Company has entered into a nine-year lease agreement with N. M. Fashion Designs Private Limited for a portion of its premises in Indore (Positive)

Bank of Baroda: Company launches co-branded travel debit card with Ease My Trip. (Positive)

NTPC: NTPC Green Energy IPO likely in early November. (Positive)

Reliance Power: Board of Directors has approved issuance of equity shares and/or warrants of the Company at an Issue Price of Rs. 33/- per share aggregating Rs. 1524.60 crore (Positive)

Coal India: Company signs joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam for renewable energy business in Rajasthan (Positive)

Astra Zeneca: Company has received permission to import for sale and distribution of Durvalumab 120 mg/2.4 mL and 500 mg/10 mL solution for infusion (Positive)

Firstsource: Company’s UK arm acquires Ascensos for £42 million (Positive)

Bharti Airtel: Company has expanded its network in Gujarat, deploying 8 new cellular towers daily for the past 7 months, reaching over 1,700 new towers. (Positive)

Vipul Limited: Company announced that Mr. Kapil Dutta, an Independent Director, has completed his second five-year term and ceased to be a Director effective September 23, 2024. (Neutral)

Ujaas Energy: Company received an arbitration award of INR 8.31 crore with 9% interest from Hindustan Aeronautics Limited for a 15 MW solar power project. (Neutral)

Mawana Sugars: Company’s shareholders have approved the appointment of Mr. Rakesh Kumar Gangwar as a Director and Managing Director of the company. (Neutral)

Linde India: Company has appointed Subba Rao Amarthaluru and Gobichettipalayam Sreenivasan Krishnan as Non-Executive Independent Directors for a 5-year term, effective September 23, 2024. (Neutral)

Pondy Oxides: Company announced plans to raise up to Rs 250 crore through a Qualified Institutional Placement. (Neutral)

Thangamayil Jewellery: Company has announced a board meeting on September 26th to consider raising funds through equity shares, convertible bonds, or debentures. (Neutral)

RateGain: Company has announced the resignation of Nitin Kumar, Executive Vice President. (Neutral)

Patanjali Foods: Company has invested Rs 250 million by way of subscription in the equity share capital of its unit contemporary agro Pvt Ltd, on right basis (Neutral)

United Breweries: Board Meeting On Oct 24 to Consider Q2 Results (Neutral)

Punjab National Bank: Company approves floor price of QIP at 109.16 rupees/share (Neutral)

Spandana: Company has approved the sale of a stressed loan portfolio, including written-off loans with an outstanding value of ₹304.41 crore (Neutral)

Biocon: Fitch assigns first time ‘BB-‘ IDR to Biocon Biologics; rates proposed senior secured notes ‘BB’. (Neutral)

Adani Power: Bangladesh’s interim government pays about $150 million out of $800 million in dues for power supplied by Adani Power’s coal-fired plant in Godda. (Neutral)

BGR Energy: Company said it has received a notice of contract termination from the Chennai Metropolitan Water Supply and Sewage Board for project for a 45 MLD capacity tertiary treatment reverse osmosis (TTRO) plant in Kodungaiyur. (Negative)

Shriram Prop: FIR filed against former Tamil Nadu Minister mentions former JV of Shriram Properties. (Negative)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)