Renuka Sugars board approves capacity expansion, IL&FS Transportation receives Rs 1,925 crore; click to read other buzzing news

Sunil Singhania-owned Abakkus Emerging Opportunities Fund 1 bought 5.18 lakh shares of the company.

Renuka Sugars: The board of directors of Shree Renuka Sugars approved further capacity expansion for ethanol production from 970 KLPD to 1,400 KLPD. The investment required for the capacity expansion is Rs 450 crore while its financing would be done by borrowings. Besides, the proposed capacity would be added by October 2022. 

Barbeque-National Hospitality: The board has approved raising of about Rs 100 crore by the issue of 11,77,885 equity shares of the company through preferential allotment.   

IL&FS Transportation Networks: The company received Rs 1,925 crore from Haryana Shehri Vikas Pradhikaran (HSVP) as interim termination payment by Rapid MetroRail Gurgaon Limited and Rapid MetroRail Gurgaon South Limited.   

Reliance Industries: The fluidised catalytic cracker unit (FCCU) in SEZ refinery at Jamnagar, which was taken for an emergency shutdown on June 6, 2021, has been restarted after carrying out necessary repairs. The unit has since been stabilised and normal throughput has been reached.   

Ircon International: Ircon International Ltd has been awarded Railway electrification work of Rs 659 crore, to be executed on EPC mode, from North Frontier Railways (NFR), Ministry of Railways.   

Lupin: The company has launched Emtricitabine and Tenofovir Disoproxil Fumarate tablets 200 mg/300 mg after receiving approval from United States Food & Drug Administration (USFDA).  

Antony Waste Handling Cell: The company’s revenue from operations for the quarter ended March 31, 2021, has improved sequentially on the back of an increase in the economic activities in the regions of its presence for the third consecutive quarter. For Q4FY21, an increase in revenue from operations were contributed by the commencement of new MSW C&T projects, the sequential improvement in tonnage processed at its Kanjur facility (part of its MSW processing) in Q4FY21 by 2.9 per cent compared to Q3FY21 along with the sequential increase in tonnage collection by its collection & transportation business in Q4FY21 by 2.1 per cent compared Q3FY21.   

DCM Shriram Industries: Sunil Singhania-owned Abakkus Emerging Opportunities Fund 1 bought 5.18 lakh shares of the company.