Stocks that are likely to record significant movement on bourses today
Polyplex: The company’s board of directors has declared payment of third interim dividend (special) for the financial year 2020-21 at Rs 100 per share and the record date has been set as February 19, 2021.
Nilkamal: The Capex spend for Q3FY21 stood at Rs 18.03 crore, which has been majorly utilised towards plant & machinery, moulds, lease equipment, office and factory equipment, furniture & fixtures as well as electrical installations, etc. The company has received a capital grant of Rs 2.52 crore from the United Nations for installing machinery and adopting an environmentally-friendly PU foam process at its Kharadpada plant, Silvassa. The company's manufacturing facility of the racking & shelving material handling storage system at Sinnar has been stabilized. It reached the capacity utilisation of more than 75 per cent during the current quarter.
Phoenix Mills: Mindstone Mall Developers Pvt Ltd, a wholly-owned subsidiary of Phoenix Mills Limited (PML) has announced the acquisition of approximately 7.48 acres of prime land in Alipore, Kolkata.
Jindal Steel & Power: JSPL’s monthly production increased YoY in January 2021 to 6.9 lakh tonnes. Higher production also helped JSPL post a solid growth YoY in shipments to 5.8 lakh tonnes. Shipments were however lower QoQ as JSPL continued to focus on value over volumes.
Oriental Aromatics: The wholly-owned subsidiary of the company namely, Oriental Aromatics & Sons Limited had applied for additional allotment of land at Mahad Five Star Industrial Area, for the purpose of setting up of its plant/manufacturing unit. It has received the allotment letter for the said land from MIDC.
Century Plyboards: The board at its meeting held on February 9, 2021, discussed and approved the proposal for expansion of the company’s medium density fibre (MDF) board unit located at Hoshiarpur in Punjab by making an additional capital expenditure of approx. Rs 200 crore. The existing operating capacity of the plant is 600 cbm per day, which is expected to be increased to 1,000 cbm per day, post this expansion.
Linde India: The company after obtaining all necessary regulatory approvals, sold & disposed of land and buildings pertaining to its closed factory (Packaged Gases Plant) at 48/1, Diamond Harbour Road, Kolkata for a consideration of Rs 300 crore to Mindstone Mall Developers Private Limited, a company having its registered office in Mumbai, Maharashtra.