Nirmal Bang's video: Stocks In News On 9th February 2021

Balkrishna Industries To set up brownfield expansion and debottlenecking project along with addition of balancing and ancillary equipment at Bhuj The project will result in increase of achievable tyre production capacity by 50,000 MTPA and is expected to be completed by H2FY23 The project is estimated to cost up to Rs800 crore Board will enhance carbon black capacities and set up a captive power plant at estimated cost of Rs650 cr Total planned capex of Rs1,900 crore will be funded by internal accruals and debt, if required Crompton Greaves Consumer Electricals Promoter Amalfiaco Holdings plans to sell 2.83 crore shares or 4.5% of the total equity through a block deal The floor price of the deal is Rs387 per share which is a 5.2% discount to Monday's closing price, as per the terms of the deal accessed by Bloomberg News As per the December quarter shareholding pattern, Amalfiaco held 11.42% stake in the company Reliance Industries Delhi High Court division bench stayed the order of the single judge in Future Retail Vs Amazon case Order pronounced by Delhi High Court division bench of Chief Justice DN Patel and Justice Jyoti Singh Future Retail had challenged the single judge February 2 order directing a status quo on Future Retail- Reliance Retail deal UltraTech Cement Finance committee of the Board of Directors approved the issuance of unconditional, unsubordinate and unsecured U.S. Dollar denominated notes worth $400 million or Rs3,000 crore The notes will have a tenor of 10 years and the interest payable on the same will be 2.8% per annum The notes will be listed on the Singapore Exchange Securities Trading Ltd Vedanta A meeting of Committee of Directors is proposed to be held on February 11 to consider offering of secured NCDs aggregating up to Rs500 crore in one or more tranches Kirloskar Ferrous Industries Renovation of the assets relating to pig iron plant situated at Paramenahally Village in Karnataka has been completed and manufacturing operations of pig iron commenced on February 8, 2021 after obtaining necessary approvals from government authorities IFB Industries Has filed the Scheme of Amalgamation of Trishan Metals, a wholly-owned subsidiary of the company, with National Company Law Tribunal, Kolkata NCL Industries Has approved the proposal to set up 250 panels per day capacity Sandwich Panel Unit in Paonta Sahib in Himachal Pradesh at an estimated cost of around Rs2 cr The unit is expected to commence production in 6 months from the date of final clearances from state government VST Tillers Tractors Has announced a technical supplier partnership with Monarch tractors The two companies have worked collaboratively for over a year on the technical development of tractor hardware for the first series of Monarch Tractors Sundram Fasteners CRISIL has re-affirmed the rating of short-term debt and commercial paper as A1+ Hinduja Global Solutions Has declared third interim dividend of Rs6 per equity share for FY21 Wipro The company appointed Michael Seiger as the country head for Germany & Austria Earnings Today Adani Ports & SEZ, Tata Steel, Abbott India, AIA Engineering, Akzo Nobel India, Aster DM Healthcare, BASF India, Berger Paints, Bodal Chemicals, Burger King, Central Bank of India, Century Plyboards, Chalet Hotels, Dhanlaxmi Bank, Future Retail, GMDC, Gujarat Alkali & Chemicals, HEG, Heidelberg Cement, Igarashi Motors, Indoco Remedies, Indian Overseas Bank, J&K Bank, KRBL, Lemon Tree Hotels, Mahanagar Gas, Muthoot Finance, Nilkamal, Raymond, Spandana Sphoorty, TCI Express, Varroc Engineering, VST Tillers Here are our social media handles. Request you to follow us and stay connected for more updates: LinkedIn: https://www.linkedin.com/company/nirmal-bang/ Facebook: https://www.facebook.com/nirmalbang/ Instagram: https://www.instagram.com/nirmalbanggroup/ Twitter: https://twitter.com/NirmalBang Visit our website on: https://www.nirmalbang.com/ View more videos on: https://www.nirmalbang.com/static/support-videos.aspx Disclaimers & Disclosure: https://www.nirmalbang.com/disclaimer.aspx https://www.nirmalbang.com/disclosure.aspx