Check out the companies which will be in focus during trade today based on recent and latest news developments.
Vedanta: Vedanta has signed an agreement with the Odisha government to set up an aluminium park adjacent to its aluminium smelter at Jhasarguda, reports a business daily.
Reliance Jio Infocomm: The company has partnered with eight global carriers to put in place a knowledge-sharing alliance to home in on new and popular telecom innovations and services and bring them to India.
HeidelbergCement India Ltd: The company has taken a stride in environmental sustainability by successfully commissioning the Waste Heat Recovery based Power Generation Plant at its Narsingarh Plant in Damoh, Madhya Pradesh on February 15, 2016.
Mahindra & Mahindra: M&M signed a MoU, under the aegis of 'Ultra Mega Project', with Government of Maharashtra to invest Rs. 8000 crore to cater to the auto manufacturing plants in Maharashtra.
Titan: New PAN norms are definitely a dampener for the jewellery sector and it is not helping in curbing the so-called black money, Titan Company's MD Bhaskar Bhat has been quoted as saying by a financial newspaper.
BPCL: Bharat Petroleum Corporation Ltd. (BPCL) says that the expansion work at its Kochi refinery is on track for scheduled commissioning in May this year, with about 90 per cent of the work done.
Titagarh Wagons Ltd:The company plans to merge its ship building business, currently carried out through subsidiaries, with the company, reports a business daily.
United Breweries (Holdings):The company has informed that the Punjab National Bank vide its letter dated February 11, 2016, received by the Company on February 15, 2016, has declared the Company as a ‘Willful Defaulter’. The Company is in consultation with its legal counsels to challenge the decision by taking appropriate legal action that may be required in this regard.
Tata Chemicals: Tata Chemicals Ltd has informed BSE that the Company’s wholly owned subsidiary, Bio Energy Venture - 1 (Mauritius) Pvt. Ltd has entered into a Definitive Agreement (‘Agreement’) with Mr. Rademan Janse van Rensburg (‘Purchaser’) for sale of its entire stake in Grown Energy Zambeze Holdings Pvt. Ltd, Mauritius (‘GEZ Mauritius’) for a consideration of US$ 5.5 million subject to fulfilment of certain condition precedents laid down in the agreement (‘Closing Date’). As per the Agreement, the Purchaser will discharge the above consideration on deferred payment basis over a period of 5 years ending on December 31, 2020.
Biocon Ltd: The pharma company received approval to sell the generic equivalent of Astrazenaca Plc’s cholesterol-lowering pill Crestor in the European Union.
DLF: The real estate company plans to launch a new luxury property with, The Chanakya, as per media reports.
ICICI Bank: ICICI Bank announced that the Bank had secured the approval of shareholders at the AGM held on 29 June 2015 for the Board/Committee of the Board to borrow by way of securities including but not limited to bonds and non-convertible debentures upto Rs. 50,000 crore on private placement basis.
BHEL: BHEL commissioned a 101-MW gas-based combined cycle power plant on engineering, procurement and construction (EPC) basis in Tripura.
Allcargo Logistics: The logistic company reported a 14.30 per cent decline in net profit at Rs. 61.51 crore for the quarter ended December 2015 due to decline in income.
Jain Irrigation Systems Ltd: The company reported consolidated net profit of Rs 9.21 crore for the quarter ended on December 31, against a loss of Rs 39.68 crore in the year ago period.
Ramky Infrastructure Ltd: The companmy's net loss has narrowed to Rs 12.35 crore in the quarter ended December 31.
Eon Electric: The company has secured a contract worth Rs 40 crore for installing LED streetlights in Rajasthan. Under this project, Eon will install over 1 lakh LED streetlights across various cities in the state.
NALCO: The company plans to invest Rs. 20,550 crore for expansion of alumina refinery, according to reports.
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