Tata Motors in spotlight after JLR September sales

Tata Motors will be watched. Jaguar Land Rover (JLR) reported total retail sales of 57,114 vehicles in September 2018, down 12.3% year on year despite strong sales for new models including the Range Rover Velar and the Jaguar I-PACE and E-PACE. The announcement was made after market hours yesterday, 8 October 2018.

NBCC (India) said that Real Estate Development & Construction Corporation of Rajasthan (REDCCOR - 50-50% joint venture company of Government of Rajasthan and NBCC (India)) has executed an MoU with Government of Rajasthan on 4 October 2018 for redevelopment of old MREC campus at Gandhi Nagar, Jaipur, Rajasthan amounting to approximately Rs 250 crore. The project will be executed by NBCC (India) as PMC agency vide development agreement dated 24 February 2016 with REDCCOR. The announcement was made after market hours yesterday, 8 October 2018.

Britannia Industries announced that the board of directors at its meeting held on 7 October 2018 has considered and approved the scheme of arrangement of Britannia Industries and their respective shareholders (hereinafter referred to as the "scheme"), for issue of secured, non-convertible, redeemable, fully paid-up debentures by way of bonus ("debentures") to the members of the company as on the record date (to be fixed by the board of directors) out of the accumulated profits lying to the credit of profit & loss account. The announcement was made after market hours yesterday, 8 October 2018.

Coal India and NLC India have signed a memorandum of understanding (MoU) for formation of joint venture (JV) company for solar power generation of 3,000 MW and thermal power projects of 2,000 MW capacity. The announcement was made after market hours yesterday, 8 October 2018.

Sadbhav Infrastructure Project informed that its subsidiary, Nagpur Seoni Express Way (NSEL), has won an arbitration award against NHAI of Rs 61.25 crore (including interest upto the date of award of Rs 18.64 crore). From the date of award till final payment, NSEL shall receive interest at the rate of 12% per annum. Additionally, NSEL will also get 19 semi annual annuity amount of Rs 21.79 crore instead of Rs 19.198 crore presently paid by NHAI making total award amount of Rs 110.50 crore. The announcement was made after market hours yesterday, 8 October 2018.

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