Maruti Suzuki India reported a decline of 1.1% in overall sales, including domestic and exports. Maruti sold 147,110 units in February 2020 as compared to 1,48,682 units in February 2019.
Mahindra & Mahindra reported a 42% fall in total automotive sales to 32,476 units in February 2020 from 56,005 units in February 2019.
Tata Motors reported 32.4% decline in total sales (domestic & international) to 40,634 units in February 2020 from 60,151 units in February 2019.
Eicher Motors' unlisted subsidiary VE Commercial Vehicles (VECV) reported 28.7% decline in total sales to 4,586 units in February 2020 from 6,428 units in February 2019.
Reliance Industries (RIL) said it has acquired 37.7% stake in textile manufacturer Alok Industries for Rs 250 crore. RIL and JM Financial Asset Reconstruction Co had jointly bid for acquiring Alok Industries that was auctioned under the insolvency and bankruptcy law by lenders to recover their unpaid loans.
PNC Infratech said that it has received Letters of Award (LoA) from National Highways Authority of India (NHAI) for a Hybrid Annuity Model (HAM) project of Rs 1602 crore in Uttar Pradesh.
NTPC declared the commencement of 800 MW Unit#1 of Darlipalli Super Thermal Power Station Stage-I (2 x 800 MW). The commercial production will start from 1 March 2020. With this, the commercial capacity of NTPC and NTPC group will become 49,695 MW and 58,156 MW respectively.
Bharti Airtel said it has paid an additional Rs 8,004 crore towards AGR dues. With the latest payment, the company has paid Rs 18,004 crore in all. The company has also deposited an additional amount of Rs 5,000 crore as an ad-hoc payment to cover differences, if any, arising from the reconciliation exercise with the Department of Telecommunication (DoT).
Dr. Reddy's Laboratories said that the U.S. Food and Drug Administrator Investigator has revised Form 483 with just one observation, in place of two observations intimated earlier for the Formulations Manufacturing Plant - 3 at Bachupally, Hyderabad.
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