Hero MotoCorp in spotlight

Hero MotoCorp informed that members of the promoter and promoter group bought 2.76 lakh shares (0.14% of capital) of the company. With the purchase of these shares, the promoter and promoter group shareholding in the company increased from 34.63% to 34.77%.

Automobile companies will announce sales number for the month of March 2020.

TVS Motor Company said that its Indonesian subsidiary, PT TVS Motor Company, has decided to suspend the production activities temporarily at its manufacturing plant in Karawang, effective 1 April 2020 till 12 April 2020 to prevent exposure of its employees to covid-19.

Indiabulls Housing Finance said that the company has bought back secured, redeemable, non-convertible debentures of the face value Rs 10,00,000 each, amounting to Rs 215 crore. Maturities for these NCDs ranged from September-2020 to October-2021.

Hindustan Aeronautics recorded a turnover of over Rs 21,100 crore (provisional and unaudited) for the financial year ended March 2020 (against Rs 19,705 crore yoy). The encouraging performance of the company in 2019-20 was achieved despite difficulties in cash flows, interruptions in operations due to workmen agitation and the interruption arising in the month of March 2020 due to COVID 19 lockdown which has affected the final tests and certification of certain additional aircraft that were under final stages of production.

BHEL said all manufacturing units and divisions / offices of the company shall remain closed for a period of 21 days with effect from 25 March 2020. During this period, the company shall run only essential services in all of its manufacturing units, divisions and offices. Other employees shall work from home.

Escorts said that all offices and plants across the company shall be shut till 14 April 2020 due to the nationwide lockdown announced by the Government.

GE Power India has been awarded a contract by NTPC Limited for its Feroze Gandhi Unchahar Thermal Power Project Stage-I, II & III, 5x210 MW to supply and install Wet FGD systems for a value of Rs 690 crore with common absorber (combination of multiple boiler units). This is the first time that GE in India has been awarded a project to install common absorber for a combination of multiple boiler units.

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