Last Updated: March 23, 2023, 08:19 IST
Nifty futures on the Singapore Exchange traded decrease at 17,106, down 52 factors or 0.30%, signalling a destructive begin for Dalal Street.
Hindustan Aeronautics
The Indian authorities on Wednesday stated it’s promoting up to 3.5 % stake sale in aerospace and defence firm Hindustan Aeronautics Ltd (HAL) by way of a proposal on the market (OFS). The authorities is launching the OFS on Thursday, March 23, 2023, for non-retail and Friday, March 24, 2023, for retail buyers. The ground value for the OFS has been set at Rs 2,450 per share. This value is at a 6.6 % low cost to the present market value.
Hero MotoCorp
The car main will make an upward revision within the ex-showroom costs of its choose bikes and scooters, efficient from April 1, 2023. The Gurugram headquartered firm stated the worth revision might be round two % and the precise quantum of enhance will differ by particular fashions and markets.
HG Infra Engineering
Construction engineering firm on Wednesday stated the corporate has been declared because the lowest bidder for a mission of Rs 764 crore by the National Highways Authority of India (NHAI) for the Hybrid Annuity Mode Project (HAM). In its inventory alternate filling the corporate knowledgeable that the bid mission price was at Rs 925.1 crore whereas the NHAI estimated the mission price at Rs 764 crore. The bid pertains to the development of the 6lane Greenfield Varanasi-Ranchi-Kolkata Highway.
NBCC
Civil engineering development companies supplier on Wednesday stated its arm, HSCC (India), has issued awarded a mission value Rs 625.2 crore to Pune-based Nyati Engineers and Consultants. HSCC (India) is a wholly-owned subsidiary of NBCC (India). Under the contract, Nyati Engineers and Consultants might be answerable for the development of a medical school at Jalgaon in Maharashtra, and their upkeep throughout defect legal responsibility interval for 5 years.
GR Infraprojects
The development engineering firm emerged because the lowest bidder for a mission value Rs 872.17 crore by the National Highways Authority of India (NHAI). Under the phrases of the contract, the Ahmedabad-based firm might be answerable for the six-laning of Surat–Nashik–Ahmednagar–Solapur– MH/KNT border Greenfield stretch in Maharashtra, which is to be executed on hybrid annuity mode beneath the Bharatmala Pariyojana. Additionally, the corporate’s three way partnership with Patel Engineering has emerged because the lowest bidder for a NHPC mission with Rs 3,637.12.
Nazara Technologies
Gaming and sports activities media firm Nazara Technologies’ subsidiary Sportskeeda Inc has acquired a 73.27 % stake in Pro Football Network LLC for $1.817 million. Sportskeeda Inc reserves an choice to purchase up to 10 % and up to eigth % further inventory of the Pro Football Network LLC in CY 2024 and CY 2025 respectively, the corporate stated in an alternate submitting.
Larsen and Toubro
The firm has entered into an Electrolyzer Manufacturing Binding Agreement with France-based McPhy Energy for a long-term partnership to discover the alternatives unfolding within the rising Green Hydrogen market.
Power Grid
Power Grid has acquired Khavda RE Transmission Ltd, the mission SPV to set up transmission community enlargement in Gujarat related to integration of RE initiatives from Khavda potential RE zone.
BHEL
Bharat Heavy Electricals Ltd (BHEL) and Indraprastha Gas Ltd (IGL) have signed an MoU for joint collaboration for growth, manufacturing and deployment of Type-IV cylinders.
GAIL
GAIL’s built-in tariff has been set at Rs 58.61/mmbtu, higher than analysts expectation of Rs55/mmbtu. GAIL has filed for Rs 68.55/mmbtu tariff however the regulator has assumed decrease price of gasoline.
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