Sical Logistics may gain after new order win

Sical Logistics was awarded with a Letter of Acceptance on 27 November 2018 by Mahanadi Coalfields for extraction of coal / coal measure strata and allied transportation activities at Hingula OCP, Hingula Area for a contract price of Rs 363.38 crore [including GST] for extraction of 16.20 million Cu.M over a period of 3 years. The announcement was made after market hours yesterday, 28 November 2018.

Bharat Financial Inclusion assigned a pool of receivables of an aggregate value of Rs 827.76 crore to one of the largest private sector banks on a Direct Assignment basis as per the guidelines prescribed by the Reserve Bank of India. This is the third Direct Assignment transaction in FY19. With this transaction, the company has completed Direct Assignment transactions worth Rs 2181.75 crore in FY 19. The announcement was made after market hours yesterday, 28 November 2018.

Indoco Remedies said the company has commissioned a new state-of-the-a API manufacturing facility at Patalgana on 27 November 2018. This new cGMP compliant facili will enhance the existing manufacturing capacity frdm 150 tons to 600 tons per annum. The announcement was made after market hours yesterday, 28 November 2018.

Cosmo Films has decided to postpone the delivery and commissioning for a new production line for BOPET Film at Aurangabad, Maharashtra by 8-10 quarters. The line has already been ordered but the delay is happening due to adverse market conditions and no impact will be there on current operations of the company. The announcement was made after market hours yesterday, 28 November 2018.

Mercator said that as a part of its strategic plan has sold its old vessel M. T. Vedika Prem, built 1993, for a total consideration of Rs 28.54 crore and the proceeds of which would be used to meet its debt obligations/ liabilities. The announcement was made after market hours yesterday, 28 November 2018.

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