In News

Stocks in the News


Gail (India): National Company Law Tribunal (NCLT) has granted approval for acquisition of 26% equity stake of Infrastructure Leasing & Financial Services (IL&FS) Group by Gail (India) in ONGC Tripura Power Company (OTPC).

Dhanlaxmi Bank: The bank reported lower net profit at Rs 3.66 crore in Q2FY22 against Rs 14.01 crore in Q2FY21, net interest income increased to Rs 90.66 crore from Rs 88.66 crore YoY.

Grasim Industries: The company has successfully commissioned Chloromethane (CMS) project at Vilayat Unit, Gujarat, having

capacity of 150 ton per day (TPD) or 50,000 ton per annum (TPA). This will result into an additional annualised revenue of around Rs 400 crore.

NMDC: The company has fixed prices of iron ore. Lump ore price is at Rs 5,950 per ton, and fines rate at Rs 4,760 per ton.

SJVN: The company has bagged 100 MW Grid connected solar PV power project from Punjab State Power Corporation (PSPCL) through tariff based competitive bidding process, on build own and operate (BOO). The tentative cost of construction of this project is Rs 545 crore.

Sun TV Network: The company reported higher consolidated profit at Rs 395.55 crore in Q2FY22 against Rs 335.02 crore in Q2FY21, revenue jumped to Rs 848.67 crore from Rs 768.69 crore YoY.