Check out the companies which will be in focus during trade today based on recent and latest news developments.
L&T Construction: The company has bagged orders worth Rs. 15.09 billion so far this month. Larsen & Toubro Infotech Limited, a subsidiary of Larsen & Toubro Limited, has filed its draft red herring prospectus with the SEBI in order to undertake an initial public offering of its Equity Shares (the Issue).
Nestle India Ltd: The company has ended its contract with the lone third party producer of its Maggi instant noodles, SAJ Food Products, which means the Swiss food giant will no longer outsource production of the popular snack brand that was recently recalled on safety concerns, as per media reports.
Colgate-Palmolive: The company said its shareholders have approved issuance of bonus shares in the ratio of 1:1.
Jaiprakash Power Ventures Ltd: The company said that it has paid USD 75 million to bondholders on sale of securities of its arm Himachal Baspa Power Company Limited (HBPCL) to JSW Energy.
Crompton Greaves: The company said it has bagged a EUR17mn order from Spanish utility Gas Natural Fenosa (GNF) for supplying ZIV single and three phased smart meters.
Corporation Bank: Corporation Bank approved issuance of over 15.66 crore shares on preferential basis to government valued at about Rs. 857 crore.
ABB India: The company has energised the first pole of the North-East Agra 800 kilovolt (kV) ultra-high voltage direct current (UHVDC) transmission link, which will supply clean hydropower from northeastern India to a nodal substation in Agra and from there, feed it across north India.
Neyveli Lignite Corporation Limited : The company plans to set up solar power plants to produce 4000 mega watt (MW) of power. Going by the current value the whole project will attract investment to the tune of Rs. 280-300bn.
ONGC, BPCL: ONGC with its consortium partners BPCL and Japanese conglomerate Mitsui, signed a MoU to set up a re-gasification LNG terminal at New Mangalore Port, the project is again on the back burner. The consortium had in March 2013 signed the MoU to carry out a feasibility study for a 2-3 million metric tonnes per annum (mmtpa) terminal, which could be expanded to 5 mmtpa.
Indian Hume Pipe: The company has secured orders worth of Rs. 12.31 bn for Telangana Water Grid project in respect of Telangana Drinking Water Supply Projects (TDWSP) of Mahabubnagar and Nizamabad districts from Rural Water Supply and Sanitation Department, Government of Telangana.
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