Stocks news that you should not miss!
ISGEC Heavy Engineering: Amid the pandemic, ISGEC has taken over the operations & maintenance of a 3x30 MW cogeneration plant for one of the leading alumina refineries in Odisha from June 1, 2021. In the midst of the pandemic, a team of 350+ has been successfully mobilised by ISGEC to deliver higher efficiency, higher reliability, and better economics while adhering to environmental norms.
BSE: BSE StAR MF, India's largest & leading mutual funds distributor platform has signed a memorandum of understanding (MoU) with Godavari Urban Multi State Credit Co-Op Society Ltd, Nanded (GUMCCSL) to deepen its network of over 70,000 registered distributors.
IOL Chemicals & Pharmaceuticals: Dr Sanjay Chaturvedi said, “The company completed the installation of new manufacturing facilities ‘Unit VIII’ to manufacture Ibuprofen derivatives and other pharma (APIs) products”. He further informed that “the company has increased its manufacturing capacity of Ethyl Acetate from 87,000 MTPA to 1,00,000 MTP”.
Intellect: Intellect ranked #1 in three categories of the financial sector: Retail banking, transaction banking and InsurTech by Global IBSI Sales League Table 2021.
Bank of Baroda: The board of directors of the bank approved to set off the bank's accumulated losses of Rs 11,048.44 crore as of March 31, 2021. It will be done by utilising an equivalent amount standing to the credit of share premium account of the bank as on the date of set-off and take the same into account during the current financial year 2021-22, subject to necessary approval from shareholders and prior permission from Reserve Bank of India.
Madhav Marble & Granites: Trial run of plant and machinery of an engineered stone plant at Madhav Surfaces LLC, Sultanate of Oman has been successfully completed and its commercial production commenced from June 04, 2021.
NMDC: The company has a fixed price of lump ore (65.5 per cent, 6-40mm) at Rs 7.650 per tonne and fines (64 per cent, -10mm) at Rs 6,560 per tonne with effect from June 6, 2021.
Hero MotoCorp: The company announced its reinvigorated strategy for the Nigerian market. Building on its aggressive strategy to have a robust market presence, New Delhi (India)-headquartered company also launched a new motorcycle that is developed especially for the Nigerian market.
Power Grid: Power Grid has acquired Fatehgarh Bhadla Transco Limited (FBTL).
Shalby: The company has inaugurated a new hospital with a new infrastructure facility with 150 beds capacity at Zynova-Shalby, Ghatkopar (West Mumbai).
GSFC: The company’s Sardar Brand Agri products are now available on AgroStar, an exclusive agri inputs e-commerce platform, to help farmers, by providing a complete range of agri solutions.