Force Motors: Company sold 1,084 vehicles in December 2020 including domestic sales at 787 vehicles.
Sun Pharma: Company started Phase-2 trials of oral drug SCD-044 in patients with moderate to severe plaque psoriasis.
MOIL: Company to form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat.
NBCC: Company awarded work order worth Rs 351 crore to Gaursons Hi-Tech.
KNR Constructions: Company bagged order worth Rs 603.63 crore in Chennai.
HDFC: Individual loan business continues to see improvement during the October-December period. For the nine months ending December 31, 2020, individual loan disbursements stood at 86% of the same period last year. Disbursement growth at 26%. Assigned loans worth Rs 7,076 crore to HDFC Bank Vs Rs 4,258 crore. Gross income from dividend during the quarter at Rs 2 crore from Rs 4 crore. Profit on sale of investment at Rs 157 crore Vs nil. Current shareholding in HDFC Life at 49.99%.
Bajaj Finance: The company's assets under management rose 4.66% quarter-on-quarter to Rs 1.43 lakh crore in October-December quarter, however, it contracted 1% year-on-year. The company added 6 million new loans in Q3 as compared with 7.7 million a year ago. Further the total deposits of the NBFC rose to Rs 23,800 crore in Q3, up 17% year-on-year.
Sun Pharma: Has initiated Phase 2 clinical trial for SCD-044 in patients with moderate to severe plaque psoriasis. The Phase 2 study is a randomized, double-blind, placebo-controlled study to assess the efficacy and safety of SCD-044 in the treatment of moderate to severe plaque psoriasis. The study will enroll approximately 240 subjects and topline results are expected in 2022.
KNR Construction : Has received orders worth of Rs 603.63 crore from Project Director, Highways (FAC), Chennai Kanyakumari Industrial Corridor Project. The company will also be responsible for the maintenance of the entire project stretch design length of 109.273 km for 7 years on Engineering, Procurement and Construction (EPC) Mode. The project will be completed within 39 months from the appointed date.
National Fertilizers: Has achieved highest ever production of 9.99 lakh Million Tonnes Urea in the third quarter of FY21. Nangal and Panipat plants achieve best ever Urea production. Produced highest ever quantity of 4,981 MT of Bentonite Sulphur at Panipat plant.
NBCC (India): Awarded the work for construction of Balance works/rectification of defects for the works of HEART BEAT - 2 on as is where Basis at Heartbeat City, Noida, pertaining to Amrapali group of companies on Engineering, Procurement and Construction basis to Gaursons Hi-Tech Infrastructure for a total contract value of Rs 351 crore.
MOIL: Resources base of 7.65 million tonnes of Manganese Ore established in Gujarat under MoU with GMDC. Mineral Exploration Corporation Limited completed exploratory work in first phase by geophysical prospecting and core drilling over 8,200 metres. MECL's report suggests availability of the good grade of ore having potential and viability for manganese mining. MOIL is now preparing Techno Economic Feasibility Report based on the first phase report of MECL for underground mining operations in the long run. As the property seems to be viable, a JVC will be formed between MOIL and GMDC with shareholding of 51% and 49% respectively, in terms of the MoU already signed.
Glenmark Pharmaceuticals: Has issued a notice of optional redemption to the holders of U.S. $200 million 4.5% Senior Notes due 2021 listed on the Singapore Exchange Securities Trading Limited. The company has elected to redeem $10,000,000 aggregate principal amount outstanding of its 4.5% Senior Notes due 2021. The redemption price for the Redeemed Notes will be 101.125% of the outstanding principal amount of the Redeemed Notes, plus accrued and unpaid interest thereon and additional amounts.
Edelweiss Financial Services: The Rs 200 crore public NCD issue of the company was oversubscribed. The issue successfully mobilised over Rs 240 crore with the base issue as well as the Green Shoe option fully subscribed. The retail category was oversubscribed 2.27 times with a total collection of Rs 181 crore from 10,647 applications.
Jindal Saw: A meeting of Board of Directors will be held on January 11, for consideration of the proposal for issuance of NCDs on private placement basis.
