Lupin: The company has received a warning letter from USFDA for the company’s Somerset (New Jersey) facility. USFDA had inspected Lupin Somerset site from September 10 to November 5, 2020. The company does not believe that the warning letter will have an impact on the disruption of supplies or the existing revenues from the operations of this facility. Lupin is committed to addressing the concerns and will work with USFDA along with New Jersey district to resolve these issues at the earliest.
RattanIndia Enterprises: RattanIndia - Revolt Intellicorp, currently India’s market leader in EV bikes and its customers are set to be big gainers of the major revisions made by the Government of India to the faster adoption and manufacturing of hybrid & electric vehicles (FAME II) scheme that has increased the incentive for manufacturers from Rs 10,000 per KWh to Rs 15,000 per KW, an increase of 50 per cent.
Dewan Housing Finance Corporation: Suspension of trading in equity shares of Dewan Housing Finance Corporation w.e.f. June 14, 2021.
Capacite Infraprojects: The company has an order book of Rs 8,720 crore as of March 31, 2021. It witnessed increased project execution resulting in higher revenue, EBITDA, and PAT on QoQ basis. The growth could have been higher; however, there was a slowdown of approximately 10 days on account of COVID-19 in MMR in the month of March 2021.
Vaibhav Global: Vaibhav Global Ltd launches company-owned solar power plant.
CG Power & Industrial Solutions: Standalone Q4 performance aggregate sales for the quarter were higher at Rs 1,022 crore, recording a growth of 45 per cent QoQ and 120 per cent YoY. Margins were impacted due to a steep increase in materials costs (impact at 5 per cent sales) as the company could not procure or cover these items earlier due to financial difficulties. Other expenses for the quarter were higher due to a charge of Rs 46 crore towards expenses relating to legacy issues.
Kolte-Patil Developers: Yashvardhan Patil takes over as Group CEO.
DLF: Consolidated revenue stood at Rs 1,907 crore, reflecting a YoY increase of 2 per cent, EBITDA stood at Rs 648 crore, reflecting YoY growth of 31 per cent and net profit at Rs 481 crore, reflecting underlying YoY growth of 42 per cent.
Cupid: The company has informed that the order received from Uttar Pradesh Medical Supplies Corporation Limited for the supply of ‘COVID - 19 antigen-based rapid test kits’ has been cancelled as the company was not able to deliver it as per the agreed delivery schedule due to disruption in the activities in view of Cyclone Tauktae.
TCS: TCS helps Alcatel-Lucent Enterprise digitally transform the customer experience.
Adani Enterprises: The company has incorporated a wholly-owned subsidiary namely, Adani Cement Industries Limited (ACIL), which is yet to commence its business operations.
Bank of India: Bank of India has allotted 42.12 crore fresh equity shares of Rs 10 each to the Government of India (promoters) at a price of Rs 71.23 per share, amounting to Rs 3,000 crore through preferential issue.
Welspun Corp: The company has decided to increase the capacity for DI pipes to 400 KMTPA (from the earlier proposed 250 KMPTA) and add ductile iron (DI) fittings to the product range. This would bring the total project cost to Rs 1,550 crore (plus soft cost) from the earlier planned Rs 1,250 crore (plus soft cost). The project is being funded through a combination of internal accruals and debt.
Torrent Pharmaceuticals: The commercial paper of Rs 100 crore issued on December 15, 2020, has been fully redeemed & repaid by the company on the maturity date.