Hindustan Aeronautics received an order for 70 HTT-40 trainer aircraft worth over Rs 6,800 crore, while L&T bagged a contract worth Rs 3,100 crore for supply of three cadet training ships.
So far in the last two months, the Adani Group now have prepaid share-backed financing up to $2,016 mn as part of the promoters' commitment to cut overall leverage.
Stocks to Watch: Zee Entertainment has entered a settlement agreement with operational creditor Indian Performing Rights Society to settle all claims and disputes
Finolex Cables has rallied 10 per cent to Rs 847.60, and trades at its highest level since March 1992.
In past one month, Oil India has rallied 23%, while, ONGC surged 11%, as compared to 0.33 per cent decline in the S&P BSE Sensex.
Power Grid has been declared a successful bidder to establish inter-state transmission system for two projects on build, own operate and transfer (BOOT) basis, in Chhattisgarh.
The companies said business continues to show an excellent rebound after two years of adverse Covid-19 impact and an overall improvement in the health of operations
This acquisition will enable MGL to expand to newer geographical areas in Maharashtra (Ratnagiri, Latur & Osmanabad) and Karnataka (Chitradurga & Davanagere), thereby, providing new avenues.
Stocks to Watch: Mahanagar Gas has entered into a pact to acquire Unison Enviro, a subsidiary of Ashoka Buildcon, for Rs 531 crore
CLOSING BELL: The Rs 15,446 cr stake buy by GQG Partners in Adani Group, coupled with positive global cues buoyed sentiment on Friday. Heavyweights RIL, ITC and Airtel also rallied up to 3 per cent.
The company said business continues to show an excellent rebound after two years of adverse COVID-19 impact as well as overall improvement in the health of operations.
Meanwhile, in the past one month, the stock of the industrial products company has zoomed 83 per cent after it reported robust December quarter (Q3FY23) results.
The management expects growth momentum of business as well as execution to continue for the coming three years.
SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.
The promoters plan to use the proceeds to retire debt and for other purposes.
This one time impairment impact notwithstanding, we believe this move bodes well for future return ratios and profitability. We expect more impairments in due course, ICICI Securities said in a note.
CLOSING BELL: The broader indices also outperformed, BSE Midcap and Smallcap indices were down up to 0.2 per cent as against the 0.8 per cent decline on the BSE benchmark.
Shares of Taylormade Renewables hit a new high of Rs 163.50 today and have zoomed nearly 900 per cent in the past six months
The company said it has received information that certain entities are circulating unsolicited / unauthorised SMS / Whatsapp messages regarding the shares / securities of the Company.
A joint venture of Russian firm Transmashholding (TMH) and RVNL emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains.