Tuesday , 18 June 2019
Breaking News

Tag Archives: Crore

PNB puts on sale six non-performing loans amounting to over Rs 1,000 crore

Punjab National Bank (PNB) has put on sale six non-performing loans amounting to over Rs 1,000 crore, including two accounts of Vandana Vidyut and Visa Steel. Asset reconstruction companies (ARCs), non-banking financial companies (NBFCs), other banks and financial institutions can submit binding bids till June 26. The bids will be opened on the following day. The reserve price for the ... Read More »

A2Z Infra Engineering’s arm secures contract from CPWD for worth Rs 59 crore

A2Z Infra Engineering’s subsidiary — A22 lnfraservices has been awarded a contract by CPWD, New Delhi. The contract is for execution of the comprehensive maintenance of GPRA complex (inclusive of Civil & Electrical Works) under the jurisdiction of L-Division and ED XII during the year 2019-20, 2020-21, 2021-22 for an aggregate of RS 58.53 crore. A2Z Infra Engineering (previously known ... Read More »

BHEL bags EPC orders worth Rs 800 crore for 200 MW solar power plants

  ’ (BHEL) Solar Photovoltaic (SPV) portfolio has surpassed 1 GW with the company winning two EPC order for setting up SPV plants with a cumulative capacity of 200 MW. The orders are valued at over Rs 800 crore, the orders have been secured from NTPC and Gujarat State Electricity Corporation (GSECL), reinforcing the company’s position as a leading EPC ... Read More »

Elecon Engineering secures order worth Rs 79.12 crore from BHEL

Elecon Engineering Company has been awarded a prestigious order by Bharat Heavy Electricals (BHEL) for Supply & Erection of Stacker cum Reclaimer machines at its Udangudi STPP site, Thoothukudi District, Tamil Nadu worth Rs 79.12 crore. The order is expected to be executed within 18 months. Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment. ... Read More »

South Indian Bank to raise Rs 500 crore via various means

South Indian Bank has received approval to raise funds up to Rs 500 crore, in Indian / foreign currency by way of issuance of debt securities including but not limited to non-convertible debentures, Bonds in domestic and / or overseas market, on a private placement basis. The Board of Directors of the Bank at its meeting held on June 15, ... Read More »

Tata Power’s arm raises Rs 1,110 crore via NCDs

Tata Power Company’s subsidiary — Coastal Gujarat Power (CGPL) has raised Rs 1,110 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis, for refinancing existing debt, capital expenditure and augmentation of working capital. The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the ... Read More »

Intellect Design Arena divests its arm for Rs 20.50 crore

Intellect Design Arena’s subsidiary — SFL Properties has been divested to a third party for a sale consideration of Rs 20.50 crore at arm length basis. Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance ... Read More »

Govt bonanza for 3.6 crore employees; reduces rate of ESI Contribution

The Employees’ State Insurance Act 1948 (the ESI Act) provides for medical, cash, maternity, disability and dependent benefits to the Insured Persons under the Act.  The ESI Act is administered by Employees’ State Insurance Corporation (ESIC). Benefits provided under the ESI Act are funded by the contributions made by the employers and the employees. Under the ESI Act, employers and employees ... Read More »

Ambuja Cements’ CSR arm planning to spend Rs 125 crore in FY20

Ambuja Cements’ CSR arm — Ambuja Cement Foundation is planning to spend Rs 125 crore, including Rs 40 crore in Rajasthan, towards corporate social responsibility in the current fiscal. Revival of traditional water resources, rainwater harvesting and groundwater recharge, healthcare support, vocational training and skill development were some of the initiatives which have been undertaken by the foundation. Ambuja Cements ... Read More »

Future Retail moves up on allotting NCDs worth Rs 199 crore

Future Retail is currently trading at Rs. 456.00, up by 3.00 points or 0.66% from its previous closing of Rs. 453.00 on the BSE. The scrip opened at Rs. 452.25 and has touched a high and low of Rs. 457.50 and Rs. 450.10 respectively. So far 8720 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

GE Power secures contract worth Rs 738.3 crore from Aravali Power Company

GE Power India has been awarded a contract worth Rs 738.3 crore by Aravali Power Company, a Joint venture company of NTPC, Haryana Power Generation Company and Indraprastha Power Generation Company. The contract is for Design, Engineering, Civil Work, Supply, Erection and Commissioning of Wet FGD systems along with auxiliaries like Limestone and Gypsum Handling System and Wet Stack on ... Read More »

NBCC secures total business of Rs 25 crore in May

NBCC (India) has secured the total business of Rs 25 crore in the month of May, 2019. Earlier, the company had secured the total business of Rs 361.91 crore in the month of April, 2019. NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil ... Read More »

GST revenue collection jumps over Rs 1 lakh crore in May 2019

Out Of  Rs. 1,00,289 crore CGST is Rs. 17,811 crore, SGST is Rs. 24,462 crore, IGST is Rs. 49,891 crore and Cess is Rs. 8,125 crore. The GST revenue in May, 2018 was Rs. 94,016 crore and the revenue during May, 2019 is a growth of 6.67% over the revenue in the same month last year. WhatsApp Facebook Twitter Download ... Read More »

Jindal Poly Films to invest Rs 37 crore in wholly owned subsidiary

Jindal Poly Films has received approval to invest Rs 37 crore in the equity share Capital of Jindal Films India Ltd, a wholly owned Subsidiary of the Company. The Board of Directors of the Company at its meeting held on May 30, 2019 has approved the same. Jindal Poly Films is a part of the diversified B C Jindal group. ... Read More »

Peninsula Land to raise Rs 750 crore via NCDs

Peninsula Land has received approval to raise Rs 750 crore through Non-Convertible Debentures (NCDs) on Private Placement basis in one or more tranches during the Financial Year 2019-20. The Board of Directors of the Company at its meeting held on May 30, 2019 has approved the same. Peninsula Land is a holding company engaged in construction business. The company is ... Read More »

Simplex Infrastructures reports order inflow of Rs 3,194 crore in FY19

Simplex Infrastructures has reported cumulative order inflow of Rs 3194 crore in FY19. The company has ended FY19 with the order book backlog of Rs 6,020 crore. Simplex Infrastructures is engaged in the business of contract constructing infrastructural facilities. The company’s segments include Construction business and others. WhatsApp Facebook Twitter Download Udaipur Kiran App to read Latest News Today Read More »

Mahindra Finance raises Rs 900 crore though NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds worth Rs 900 crore. The duly authorized Committee of the company, at their meeting held on May 30, 2019, has approved the allotment of 9,000 Secured Redeemable Principal Protected Non-Convertible Market Linked Debentures (NCDs) of the face value of Rs 10,00,000 each, at par, aggregating to Rs 900 crore. Mahindra ... Read More »

L&T Finance Holdings to raise up to Rs 100 crore on private placement basis

L&T Finance Holdings will raise up to Rs 100 crore by issuing compulsorily redeemable securities on private placement basis. The company’s committee of directors has approved an offer for issuing up to 1 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) to raise up to Rs 100 crore. L&T Finance Holdings is a financial holding company offering a diverse range ... Read More »

IOL Chemicals and Pharmaceuticals prepays terms loan of Rs 27.57 crore

IOL Chemicals and Pharmaceuticals has made the pre-payment of term loan of Rs 27.57 crore due to banks on May 29, 2019 in addition to regular repayment schedule. Thus, the company made the pre-payment of term loan of aggregate amount of Rs 47.62 crore till May 29, 2019, to reduce the debt of the company. IOL Chemicals and Pharmaceuticals is ... Read More »

SBI to mop up Rs 5,000 crore via bonds during FY20

State Bank of India (SBI) will raise up to Rs 5,000 crore by issuing Basel III-compliant bonds. The executive committee of central board at its meeting held on May 29, 2019 accorded approval to raise Basel III-compliant tier-II bonds up to Rs 5,000 crore in USD/INR to be issued to overseas and/or Indian investors during FY20, through a public offer/private ... Read More »

PNB aims to raise Rs 10,000 crore in FY20

Business People Meeting Data Analysis Planning Concept Punjab National Bank (PNB) is planning to raise Rs 10,000 crore in 2019-20 from sale of non-core assets, rights issue and expected write-backs from two large accounts undergoing insolvency proceedings. The Bank is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under ... Read More »

HDFC disburses Rs 2,300 crore as subsidy under PMAY

Housing Development Finance Corporation (HDFC) has disbursed subsidy of more than Rs 2,300 crore under the government’s flagship housing scheme Pradhan Mantri Awas Yojana (PMAY), benefiting over one lakh first time home buyers. The company has approved Rs 22,136 crore of home loans under CLSS to homebuyers belonging to the economically weaker section (EWS), low income group (LIG) and middle ... Read More »

Thomas Cook reports consolidated net profit of Rs 13 crore in Q4

Thomas Cook (India) has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a net loss of Rs 8.93 crore for the quarter ended March 31, 2019 against net loss of Rs 10.43 crore for the same quarter in the previous year. However, total income of the company increased by 11.91% at Rs ... Read More »

Bharti Airtel submits Rs 644 crore bank guarantee in TDSAT for TTSL merger

Bharti Airtel has submitted a bank guarantee of Rs 644 crore in telecom tribunal TDSAT to complete the merger of Tata Teleservices’ (TTSL) consumer business with the company. The TDSAT on May 2 granted partial stay on an Rs 8,300-crore demand raised by the telecom department from Bharti Airtel for approving its merger with the consumer business of TTSL. As ... Read More »

Oil India rises despite reporting net loss of Rs 209 crore in Q4

Oil India is currently trading at Rs. 186.45, up by 1.15 points or 0.62% from its previous closing of Rs. 185.30 on the BSE. The scrip opened at Rs. 180.50 and has touched a high and low of Rs. 188.20 and Rs. 180.45 respectively. So far 90843 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Disney donates Rs 2 crore for Fani cyclone relief

Disney in India donated Rs 2 crore on Monday to aid relief and recovery efforts in areas impacted by cyclone Fani in Odisha. The donation will support disaster response and provide assistance to those in need through Save the Children in India. “Our hearts go out to those affected by this severe cyclonic storm Fani. The families and communities impacted ... Read More »

Gokak Textiles to raise Rs 30 crore on private placement basis

Gokak Textiles has received approval for issuance of Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares of Rs 10 each aggregating to Rs 30 crore in one or more tranches on Private Placement basis to the Shapoorji Pallonji and Company, Promoter and / or any other Promoter Group Company. The Board of Directors of the Company at its meeting held on May ... Read More »

JMC Projects bags new orders of Rs 616 crore

JMC Projects (India) has secured new orders of Rs 616 crore. The order is for new residential and commercial projects in South India. JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects. WhatsApp ... Read More »

Power Mech Projects reports order book of Rs 7,407 crore for FY19

Power Mech Projects has reported a strong order book of Rs 7,407 crore for FY19. The company’s order book from power sector was Rs 3,288 crore, includes international order book of Rs 1,150 crore. The company’s non-power sector stood at Rs 4,119 crore. Power Mech Projects is an integrated power infrastructure services company. The Company’s operations include three business lines: ... Read More »

Bank of Baroda’s net loss narrows to Rs 991 crore in Q4

Bank of Baroda has reported results for the fourth quarter and year ended March 31, 2019. The Bank has reported a net loss of Rs 991.37 crore for the quarter ended March 31, 2019, as compared to net loss of Rs 3,102.34 crore for the same quarter in the previous year. However, total income of the Bank increased by 20.02% ... Read More »

India Glycols to raise Rs 250 crore through various means

India Glycols has received approval to raise funds not exceeding Rs 250 crore or its equivalent in any other currency, by way of issuance of securities including through public offering/ private placement/ qualified institutional placement or otherwise. The Board of Directors of the Company at its meeting held on May 21, 2019 has approved the same. India Glycols is engaged ... Read More »

SSWL bags export orders worth Rs 20 crore

Steel Strips Wheels (SSWL) has bagged repeat firm exports orders for 400000 wheels for Trailer Market. This would be a significant increase of about 30% from the same period of previous year. Entire volume of 400000 wheels is to be executed by October 2019 amounting to a total value of close to Rs 20 crore. This marks company’s successful journey ... Read More »

Adani Green Energy’s 8.75 crore shares to be offered for sale

Adani Green Energy’s promoters — Adani Tradeline LLP and Universal Trade and Investment would offer 8.75 crore equity at an offer price of Rs 43 per shares. The offer for sale open for one day on May 21, 2019. Adani Tradeline LLP and Universal Trade and Investment have offered to sell 7,57,13,197 and 1,17,86,803 equity shares, respectively. Adani Green Energy ... Read More »

IndoStar Capital Finance to raise Rs 10,000 crore via NCDs

IndoStar Capital Finance has received approval for issuance of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 10,000 crore on private placement basis, in one or more series / tranches during a year. The Board of Directors of the Company at its meeting held on May 20, 2019 has approved the same. IndoStar Capital Finance is a non-banking finance ... Read More »

GAIL contributes Rs 5 crore for relief works in cyclone-hit Odisha

GAIL India has contributed Rs 5 crore to Odisha State Disaster Management Authority (OSDMA) as support towards relief and rehabilitation efforts in the state, in the wake of the devastation caused by Cyclone Fani in Odisha. The company has an expanding presence in Odisha where it is constructing the Jagdishpur – Haldia & Bokaro – Dhamra Natural Gas pipeline. It ... Read More »

Dynamic Cables secures two orders worth Rs 32 crore from EPC Company

Dynamic Cables has bagged two orders worth Rs 32 crore from one of the largest domestic EPC Company of India, for manufacturing and supply of HV & LV cables in the next nine months period. Dynamic Cables is India’s Leading manufacturer of cables and conductors and has grown into one of the leading manufacturers and suppliers of MV and LV ... Read More »

Torrent Pharmaceuticals gains on raising Rs 100 crore via CPs

Torrent Pharmaceuticals is currently trading at Rs. 1666.70, up by 19.75 points or 1.20% from its previous closing of Rs. 1646.95 on the BSE. The scrip opened at Rs. 1681.60 and has touched a high and low of Rs. 1681.60 and Rs. 1649.05 respectively. So far 734 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Reliance Capital to raise Rs 10,000 crore by selling assets in FY20

Reliance Capital is expecting to raise Rs 10,000 crore by selling assets and cut down its debt by about 50 percent in the current fiscal (FY20). The company has been working diligently to ensure timely debt repayments and is regular in all its debt payments. The company’s asset monetisation plan is on track and it is in the process of ... Read More »

Edelweiss Financial Services’ arm raises Rs 300 crore through NCDs

Edelweiss Financial Services’ wholly-owned subsidiary — ECL Finance has raised over Rs 300 crore by issuing non-convertible debentures (NCDs). The first tranche of issue opened on May 10 and was scheduled to close on June 7. The base size of the issue was Rs 150 crore with an option to retain over-subscription of up to Rs 150 crore, aggregating to ... Read More »

JK Cement zooms on planning to raise Rs 500 crore via NCDs

JK Cement is currently trading at Rs. 893.00, up by 46.70 points or 5.52% from its previous closing of Rs. 846.30 on the BSE. The scrip opened at Rs. 887.00 and has touched a high and low of Rs. 919.00 and Rs. 870.00 respectively. So far 3664 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Clariant Chemicals records sales of Rs 1028 crore in FY19

Clariant Chemicals (India) has reported sales of Rs 1028 crore in FY19, as against Rs 1008 crore for the corresponding previous year (including excise duty). The company reported sales of Rs 257 crore for the quarter ended March 31, 2019, as against Rs 244 crore on comparable basis for the corresponding quarter of the previous year. Clariant Chemicals (India) is ... Read More »

Central Bank of India’s net loss widens to Rs 2,477 crore in Q4

Central Bank of India has reported results for the fourth quarter and year ended March 31, 2019. The Bank has reported a net loss of Rs 2,477.41 crore for the quarter ended March 31, 2019, against net loss of Rs 2,113.51 crore for the same quarter in the previous year. However, total income of the Bank increased by 5.06% at ... Read More »

Bajaj Finance rises on allotting NCDs worth Rs 75 crore

Bajaj Finance is currently trading at Rs. 3039.00, up by 36.45 points or 1.21% from its previous closing of Rs. 3002.55 on the BSE. The scrip opened at Rs. 3006.50 and has touched a high and low of Rs. 3060.00 and Rs. 3006.50 respectively. So far 100104 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »