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NATIONAL ALUMINIUM CO: CO EXECUTED A MINING LEASE DEED WITH STATE GOVERNMENT OF ODISHA || MINING LEASE DEED OVER AN AREA OF 697.979 HECTARES FOR BAUXITE MINES IN POTTANGI TEHSIL, KORAPUT DISTRICT
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PIDILITE INDUSTRIES: CO SAYS PARGRO WILL BE ACQUIRED THROUGH CO'S UNIT BHIMAD COMMERCIAL || CO SAYS RBI HAS NOW GRANTED APPROVAL TO PARGRO FOR CHANGE IN SHAREHOLDING AND CHANGE IN BOARD COMPOSITION OF PARGRO
HAVELLS INDIA: CO SAYS PLANNING TO EXPAND ITS EXISTING MANUFACTURING CAPACITIES OF AIR CONDITIONERS AT GHILOTH AND SRICITY LOCATIONS || EXPANSION IN ORDER TO CATER TO INCREASED DEMAND; TOTAL PROPOSED INVESTMENT FOR ABOVE CAPACITY ENHANCEMENTS WILL BE IN RANGE OF 500 - 600M RUPEES
ELECTROSTEEL CASTINGS: CO SAYS APPROVED THE PROPOSAL FOR SETTING UP A DUCTILE IRON PIPES & FITTINGS PLANT IN ODISHA AND FOR THE PURPOSE TO ACQUIRE APPROX. 500 ACRES OF LAND PARCEL WHICH WOULD RESULT IN INCREASE IN PRODUCTION CAPACITY OF DI PIPES AND FITTINGS OF THE UNIT IN PHASES
RITES: CO SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) WITH DELHI METRO RAIL CORPORATION LTD. (DMRC) FOR COLLABORATION IN COMPREHENSIVE OPERATIONS AND MANAGEMENT PROJECTS OF METRO RAILWAY SYSTEMS
MOSCHIP TECH: CO GETS APPROVAL OF DESIGN LINKED INCENTIVE (DLI) APPLICATION FOR THE DEVELOPMENT OF SMART ENERGY METER IC BY MEITY
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STOCKS IN ACTION 14 JUNE
Ambuja Cement: The company will acquire a 100% stake in Penna Cement Industries at an enterprise value of Rs 10,422 crore.
Vodafone Idea: The company board has approved raising Rs 2,458 crore through the issuance of shares on a preferential basis. The company will use the funds to clear part of its outstanding debt, expand its 4G coverage, and launch 5G services.
Puravankara: The board approved in-principal approval for raising up to Rs 1,000 crore via QIP.
Wipro: The company launched an on-premises GenAl solution in a pact with Hewlett-Packard Enterprise.
Life Insurance Corporation: The company increased its stake in Dr Reddy's Laboratories from 4.95% to 5.01%.
Zaggle Prepaid Ocean Services: The company is in a pact with Skydo Technologies to facilitate cross-border payments for Zaggle corporate customers.
Rites: The company and DMRC signed a MoU to explore consultancy, operations and management projects for the Metro Rail system.
DCX Systems: The company received an order worth Rs 32 crore from domestic and overseas customers to supply cable and wire harness assemblies.
Atul Auto: The company incorporated the unit Atulease for vehicle leasing.
Asian Energy Services: The company received an LOA from Sun Petrochemicals for 3D seismic data acquisition and processing services for Sunpetro's fields and blocks in Gujarat. The value of the LOA is Rs 37.71 crore, excluding GST.
National Aluminium Company: The company executed a mining lease deed with the State Government of Odisha today over an area of 697.979 hectares for bauxite mines in Koraput District. The mines have an annual production capacity of 3.5 million tonnes and have reserves estimated at 111 million tonnes, projecting a mine life of 32 years.
Suven Pharmaceuticals: The company signed definitive agreements today to acquire 100% of the equity shares in Sapala Organics. The company will initially acquire 67.5% through secondary transfers from Target's existing shareholders and a balance stake in 2026-27.
Havells: The company is to expand the manufacturing capacities of air conditioners at Ghiloth, Sricity, to 15 lakh units per year. The proposed investment for capacity enhancements at Ghiloth and Sricity plants is in the range of Rs 50-60 crore.
SEPC: The company is to consider fundraising on June 19.
Shipping Corporation of India: NITI Aayog gives in-principal approval for the formation of a wholly-owned subsidiary in GIFT City.
Cupid: The company received an initial order from Cipla Health to manufacture a range of male condoms under the Cipla brand. Cipla Health has committed to placing regular, sizeable order for male condoms with the company in the coming quarters.
Exxaro Tiles: The company will temporarily shut down unit 1 Padra plant for 4 weeks starting June 14 due to maintenance.
SRESTHA FINVEST: CO HAS ENTERED INTO FACILITY AGREEMENT WITH FELIX INDUSTRIES || CO SAYS AGREEMENT AIMED AT ADVANCING RENEWABLE ENERGY AND SUSTAINABILITY INITIATIVES
SRESTHA FINVEST: CO SAYS AGREEMENT PAVES WAY FOR SRESTHA TOWARDS LENDING IN RENEWABLE ENERGY AND CLEAN WATER RELATED PROJECTS || SRESTHA WILL FUND 25M RUPEES FOR TARGETING ABOVE MISSION IN NEXT 1-2 YEARS
STERLITE TECHNOLOGIES: CO SAYS UNDER AGREEMENT FOR SUPPLY OF A TURNKEY SOLUTION TO DATA MANAGEMENT CENTRE, PRODUCT COMPONENT WAS SUPPLIED BY CO || CO SAYS DMC IS CLAIMING $2.7M AS DAMAGES FOR LOSSES INCURRED DUE TO DELAYS AND FAILURE TO PERFORM OBLIGATIONS UNDER AGREEMENT
STERLITE TECHNOLOGIES: CO SAYS CO WILL DEFEND THIS CLAIM AND WILL ALSO RAISE COUNTERCLAIMS FOR OUTSTANDING AND OVERDUE PAYMENTS
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