Check out the companies which will be in focus during trade today based on recent and latest news developments.
Bharat Forge: Bharat Forge announced plans to set up an integrated auto component hub in Nellore, Andhra Pradesh at an investment of INR 1,200 crore. The project is likely to create 3,000 jobs.
Reliance Industries Ltd, ONGC: RIL has challenged the jurisdiction of the Justice A.P. Shah Committee and has decided not to cooperate in the resolution of the natural gas dispute with ONGC, reports a business daily.
Sobha Ltd: The real estate company has achieved new sales of 8.06 lakh square feet (sft) in third quarter of FY16 valued at INR 478.30 crore with an average realisation of INR 593.20 per sft.
Reliance Infrastructure: Birla Corp has emerged as the frontrunner to acquire Reliance Infrastructure's cement business, reports a business daily. Birla Corp is currently the only potential buyer engaged in advanced commercial negotiations with Anil Ambani-promoted Reliance Group, adds the financial newspaper.
Sintex Industries: The company has posted Q3 net profit at Rs. 1,800.97 mn for the quarter ended December 31, 2015 as compared to Rs. 1,620.38 mn for the quarter ended December 31, 2014.
Lanco Infratech: Lanco Infratech Ltd has that a Subsidiary of the Company, Lanco Kondapalli Power Limited has successfully declared Commercial Operations Date (COD) for its expansion capacity of 371 MW (Phase III B Project) with effect from January 09, 2016.
Hindustan Zinc Ltd: The company is planning to invest Rs. 8,000 crore in the next 3-5 years, according to reports.
Ashok Leyland Ltd: The company has received an order for 680 Vehicles and Spare Parts, worth US$ 50 mn. from the Ministry of Local Government, Public Works and National Housing, Government of Republic of Zimbabwe.
Ricoh India: The company has partnered with Siemens to offer digital lifecycle management software.
Sterlite Tech: Sterlite Grid, India’s largest private developer of independent power transmission systems has received the Letter of Intent (LoI) to commission power evacuation infrastructure in Odisha for local power projects.
IFCI: IFCI Ltd has reduced its benchmark rate, IFCI Benchmark Rate (IBR)" from 12% p.a. to 11.70% p.a. with monthly rests.
Spice Mobility Ltd: Spice Mobility Ltd has announced that Spice Digital Limited (SDL) has acquired 22.54% equity stake in Sunstone Eduversity Private Limited, a Company incorporated for the purpose of engaging in the line of education business.
Glenmark Pharmaceuticals: Glenmark Pharmaceuticals S.A. (GPSA), a wholly owned subsidiary of Glenmark Pharmaceuticals Ltd India, has announced the discovery and initiation of IND-enabling studies for a novel clinical development candidate, GBR 1342.
Sun Pharmaceuticals: Sun Pharmaceuticals arm gets USFDA approval for generic of Naftin, as per media reports.
Ashoka Buildcon: The company has announced regarding the acquisition of stake in Jaora-Nayagaon Toll Road Company Private Limited. Ashoka Concessions Limited (ACL) has received transfer of 4,23,03,800 (which is 14.74% of share capital of JTCL) equity shares of Rs. 10 each fully paid up from SREI.
Inox Wind Ltd: Gujarat Industries Power Company Ltd has informed BSE that the company has issued Letter of intent (Lol) dtd. December 31, 2015 to Inox Wind Ltd., Noida, U.P. State, for installation of 26 MW Wind Energy Farm Project at Rojmal Site, Dist: Amreli, Gujarat, on EPC basis, with Operation & Maintenance Contract for twenty years. The said Wind Energy Farm Project is scheduled to be completed by December, 2016.
Virinchi Technologies Ltd: The Board of the company has approved the proposal to Lease the Building owned by M/s Virinchi Technologies Limited, situated at pothaipally, Hakimpet to M/s. Vivo Bio Tech Ltd on such terms and conditions as may be agreed, subject to approval of shareholders by postal ballot.
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