Here are the companies grabbing attention ahead of the opening bell today, March 04, 2024:
- Avenue Supermarts: The operator of D-Mart has unveiled a new store in Bengaluru, Karnataka, bringing the total number of stores to 347.
- NTPC: The state-owned power producer’s board has approved investment for the Singrauli super thermal power project, Stage III (2×800 MW), estimated at Rs 17,195.31 crore.
- SJVN: The subsidiary SJVN Green Energy (SGEL) has secured a 200 MW solar power project in Gujarat at a tariff of Rs 2.66 per unit. The project will be developed on a BOO basis with an estimated cost of around Rs 1,100 crore.
- Godrej Properties: The Mumbai-based real estate developer has finalized agreements to develop a township project on a 62-acre land parcel in North Bengaluru, with an estimated booking value of Rs 5,000 crore.
- Central Bank of India: Bharat Bhushan Mutreja has been appointed as General Manager, SAM, Recovery, and Legal Department, replacing Rajesh Kumar, effective March 1.
- Dr. Lal PathLabs: Bharath U has resigned as CEO and key managerial personnel, with his last working day scheduled for May 20, 2024.
- Zaggle Prepaid Ocean Services: Zaggle has partnered with Axis Bank to drive forex card spends and software usage for five years.
- KPI Green Energy: The company has inked a power purchase agreement for a 200 MWAC (240 MWp) solar photovoltaic power project.
- APL Apollo Tubes: The company has received a GST demand order of Rs 16,86,44,732 from the State Tax Officer, Intelligence, Hosur, Tamil Nadu.
- Gujarat Ambuja Exports: The company has commenced operations of a 120 TPD liquid glucose unit at its existing facility in Malda, West Bengal, expanding its collective liquid glucose capacity to 900 TPD across five locations.
- MOIL: The state-owned manganese ore mining company recorded its highest-ever February production of 1.51 lakh metric tons of manganese ore, marking a 15 percent increase YoY. Sales also surged by 18 percent YoY to 1.56 lakh metric tons.
- Owais Metal and Mineral Processing: The company is set to list its equity shares on the NSE Emerge today at a final issue price of Rs. 87 per share. The IPO was oversubscribed by 206.9 times and witnessed significant premium in the grey market.
- Bank of India: Prashant Thapliyal, the newly appointed chief general manager, has been assigned responsibilities as the functional head of asset recovery, credit monitoring, stress asset resolution, and legal departments, effective March 1.
- Finolex Industries: The company has entered into agreements with Hinduja Renewables One (HROPL) and Hinduja Renewables Energy (HREPL) to purchase solar power under the captive power policy. Finolex will acquire a 15.30 percent stake in HROPL, supplying solar power to its units in Maharashtra.
- SMS Pharmaceuticals: The company’s API manufacturing facility in Andhra Pradesh underwent a GMP inspection by EDQM from February 28 to March 1, and the inspection report is awaited.
- Swan Energy: The subsidiary Swan LNG has fully repaid its loan along with interest to a consortium of banks, reducing the group’s external debt substantially.
- Info Edge India: The company’s mobile applications have been restored on the Google Play Store, with efforts underway to reinstate the remaining applications.
- Apeejay Surrendra Park Hotels: The hotel chain will announce its earnings for the October-December FY24 quarter today, marking its first earnings release post-listing in February.
- Patel Engineering: The company secured a Rs 525.36 crore contract for an RCC Protection Wall Project in Khammam City, Telangana.
- Wardwizard Innovations & Mobility: The electric vehicle manufacturer inaugurated a new assembly line facility for electric two-wheelers in Deoghar, Jharkhand, with an initial capacity of 20,000 units per annum.
- Pharmaids Pharmaceuticals: The company completed the acquisition of a 99.86 percent stake in Adita Bio Systems for Rs 52.5 crore, expanding its portfolio in GLP developmental services and drug discovery.
