Cyient in focus on inaugurating new development center

Cyient inaugurated the state of the art 60,000 sq. ft. development center in Warangal. With this launch, Warangal gets the largest development center, paving the way for development of commercial and business infrastructure and attracting IT and other investments. The facility can accommodate 600 Cyient engineers on a total built-up area of around 60,000 sq. ft. The company is also constructing a second tower to accommodate an additional 200 engineers.

NBCC (India) informed that the company secured the business of Rs 1090.53 crore during the month of December 2019.

NHPC has informed that the company has raised Rs 500 crore on 3 January 2020 in second tranche through private placement of secured, redeemable, taxable, non-cumulative, non-convertible 7.38% NHPC-Y1 Series Bonds.

Mahindra & Mahindra said that CARE Ratings has reaffirmed the company's long term rating on bank loan facilities at AAA with stable outlook. The short-term rating was reaffirmed at A1+. The ratings factors the company's its dominant market position in the Indian tractor industry and Light commercial vehicles (LCV) segment.

Navin Fluorine International informed that post successful mechanical completion and plant trials the company's cGMP capacity addition at Dewas Plant, Madhya Pradesh, has commenced commercial production with effect from 6 January 2020.

Gujarat Gas said Credit rating agency CRISIL has reaffirmed long-term rating for the company's bank loan facilities worth Rs 2,350 crore at AA+ with a stable outlook. The rating reflects CRISIL's expectations of an improvement in Gujarat Gas 's credit profile over the medium term.

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