Oil India rises on commissioning CSS Technology
Oil India rises on commissioning CSS Technology

Oil India rises on commissioning CSS Technology

Sanket Dewarkar Article rating: 5.0

Oil India has successfully commissioned the Cyclic Steam Stimulation (CSS) Technology in the well BGW - 8 in Baghewala PML of Rajasthan for extraction of heavy crude oil for the first time in India.

NMDC slashes iron ore prices
NMDC slashes iron ore prices

NMDC slashes iron ore prices

Sanket Dewarkar Article rating: 5.0

NMDC has reduced prices of high grade iron ore (lumps) by Rs. 300 to Rs. 3,550 per tonne for the month of December 2018 from Rs 3,850 a tonne in November. The company has also cut the prices for iron ore fines, which are inferior grade ore, by Rs. 200 to Rs. 3,110 per tonne for December from Rs. 3,310 a tonne in November.

JSW Steel gets nod for scheme of amalgamation
JSW Steel gets nod for scheme of amalgamation

JSW Steel gets nod for scheme of amalgamation

Sanket Dewarkar Article rating: 4.0

The company's board approved the Scheme of Amalgamation of Dolvi Minerals and Metals Private Limited (DMMPL), Dolvi Coke Projects Limited (DCPL), JSW Steel Processing Centres Limited (JSPCL) and JSW Salav with JSW Steel. 

Lupin advances on receiving EIR from USFDA
Lupin advances on receiving EIR from USFDA

Lupin advances on receiving EIR from USFDA

Sanket Dewarkar Article rating: 2.0

Lupin has received the Establishment Inspection Report (EIR) from the US drug regulator upon completion of inspection of its facility in Tarapur, Maharashtra. The inspection was conducted between August 27 and August 31, 2018 concluded with one observation.

GMR Infra arm to develop port
GMR Infra arm to develop port

GMR Infra arm to develop port

Sanket Dewarkar Article rating: 5.0

GMR Infrastructure’s step down subsidiary, Kakinada Gateway Port (KGPL) has signed the Concession Agreement with the government of Andhra Pradesh for the development of a greenfield commercial port on Design, Build, Finance, Operate and Transfer (DBFOT) basis in Kona Village, East Godavari District, Andhra Pradesh.

ITC spikes on plans to expand dairy segment
ITC spikes on plans to expand dairy segment

ITC spikes on plans to expand dairy segment

Sanket Dewarkar Article rating: 5.0

ITC is eyeing at portfolio expansion in its food division to achieve the stated vision of achieving Rs. 1 lakh crore turnover from FMCG by 2030. The food category, which drives the fast-moving consumer durable industry, is expected to contribute around 60-65 per cent of its turnover by 2030.

Sundaram Finance to offload 40 per cent stake in Royal Sundaram
Sundaram Finance to offload 40 per cent stake in Royal Sundaram

Sundaram Finance to offload 40 per cent stake in Royal Sundaram

Sanket Dewarkar Article rating: 5.0

Non-banking finance company Sundaram Finance which holds a majority stake in Royal Sundaram has signed an agreement with Ageas International to divest 40 per cent stake for a total consideration of Rs. 1,520 crore.

Q2FY19 Result: India Cements PAT declines by 94 per cent YoY
Q2FY19 Result: India Cements PAT declines by 94 per cent YoY

Q2FY19 Result: India Cements PAT declines by 94 per cent YoY

Sanket Dewarkar Article rating: 4.0

Indian Cements reported its results for the quarter ended September 30, 2018. The company's standalone revenue for the quarter Q2FY19 came in at Rs. 1,387.05 crore as against Rs. 1,268.26 crore in the corresponding quarter last year, registering 9.4 per cent YoY increase.

GAIL reports 50 per cent rise in Q2 net profit
GAIL reports 50 per cent rise in Q2 net profit

GAIL reports 50 per cent rise in Q2 net profit

Sanket Dewarkar Article rating: 5.0

The PAT for the quarter came in at Rs. 1,962.96 crore as against Rs. 1,309.63 crore in the corresponding quarter last year, yoy increase of 50 per cent.

Strides Pharma surges post inspection
Strides Pharma surges post inspection

Strides Pharma surges post inspection

Sanket Dewarkar Article rating: 5.0

The facility (KRS Gardens) in Bangalore is the largest facility for the company and has the capability in several dosage formats including tablets, capsules (both hard gelatin and soft gelatin), ointments, creams and liquids. The facility supports several important current and future submissions for the US market.

Q2FY19 Result: Thirumalai Chemical posts mixed performance
Q2FY19 Result: Thirumalai Chemical posts mixed performance

Q2FY19 Result: Thirumalai Chemical posts mixed performance

Sanket Dewarkar Article rating: 5.0

The company's consolidated revenue for the quarter Q2FY19 came in at Rs. 363.36 crore as against Rs. 311.5 crore in the corresponding quarter last year, registering an increase of 16.6 per cent YoY.


Meghmani Organics Q2FY19 PAT increases by 12 per cent
Meghmani Organics Q2FY19 PAT increases by 12 per cent

Meghmani Organics Q2FY19 PAT increases by 12 per cent

Sanket Dewarkar Article rating: 2.6

The company's consolidated revenue for the quarter Q2FY19 came in at Rs. 501.4 crore as against Rs. 460.65 crore in the corresponding quarter last year, registering an increase of 8.8 per cent YoY.

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