IGI Logo

Hindustan Copper shareholders approve 23.2% dividend for FY22

Shareholders of state-owned Hindustan Copper Ltd (HCL) on Wednesday approved a 23.2 per cent dividend for the financial year ended in March 2022. The company would make a total dividend payout of Rs 112.17 crore as approved in the 55th Annual General Meeting, HCL said in a statement.

SAIL records turnover of over Rs 1 trn in FY22, posts 50% rise

Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot metal and 17.366 million tonnes of crude steel during 2021-22, its best ever production performance. During the Maharatna company's annual general meeting on Wednesday, it was informed that for the first time, it entered the elite club of Indian companies having a turnover of over Rs 1 lakh crore.

Patanjali Foods plans to build export portfolio of FMCG, health products

Patanjali Foods plans on building a strong distribution led export portfolio of fast-moving consumer goods and fast moving health goods products and also will launch new products with high margin and high growth, the company said in a presentation on exchanges. It also intends to focus on digital channels and ecommerce.

Ambuja Cements signs non-dealing pact with lenders on ACC stake

Ambuja Cements, now controlled by billionaire Gautam Adani-led Adani Group, on Wednesday has signed a non-dealing undertaking (NDU) on 50.5 per cent shareholding in its subsidiary ACC Ltd as "collateral for loans taken by the company". The company signed a NDU on 9.39 crore shares of ACC Ltd on September 26, 2022, said a regulatory filing by Ambuja Cements.

HPCL-Mittal Energy to start 100,000-tpy bio-ethanol plant in 2023

India's HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emissions, a company official said on Wednesday. "Our company is in the process of constructing 100,000 tonnes per annum ethanol plant based on agricultural inputs like waste food," Pravin Shirke, assistant general manager at HPCL-Mittal Energy Ltd (HMEL), told a forum at the Asia Pacific Petroleum Conference (APPEC). The plant will be operational next year, he added.

JSW Energy plans to raise $30.60 million through 3-year bonds: Report

India's JSW Energy plans to raise 2.50 billion rupees ($30.60 million) through sale of bonds maturing in three years, three merchant bankers said on Wednesday. The company will pay an annual coupon that is five basis points higher than one-year MCLR rate of State Bank of India and currently works out to be 7.75%, they said. It has invited commitment bids for Thursday from bankers and investors, and the issue will close for subscription on Friday.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer