Share Market - Angel One - Page 16

Coal India Limited (CIL) informed the exchanges that it has entered into a Joint Venture Agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). The collaboration aims to set up a 2×800 MW Brownfield Thermal Power Project at RRVUNL’s existing Kalisindh Thermal Power Station in Rajasthan, while also exploring other thermal power-related projects, including …

Easy Trip Planners Limited, in collaboration with Bank of Baroda, has introduced the Bank of Baroda EaseMyTrip Co-branded Travel Debit Card, aimed at frequent travellers and lifestyle enthusiasts. This is the first co-branded travel debit card launched by a public sector bank, offering a host of attractive benefits. Cardholders can enjoy exclusive discounts on travel …

India’s largest oil and gas bid round, OALP-IX, attracted limited participation, with 4 bidders, including state-owned ONGC and OIL, and private players Reliance and  Vedanta Ltd, dominated the round. The Directorate General of Hydrocarbons (DGH) reported that most of the 28 blocks on offer received just two bids.  Notably, Reliance Industries Ltd, in partnership with …

Reliance Power has secured approval to raise up to ₹1,524.60 crore through a preferential allotment of equity shares. The shares will be issued at ₹33 per share, representing a 13% discount to the company’s last closing price. This capital infusion will significantly enhance Reliance Power’s net worth, boosting it from ₹11,155 crore to over ₹12,680 …

On September 23, 2024, Bharti Airtel, a leading telecom company in India, announced that it has significantly boosted its network infrastructure across Gujarat.  Over the past 7 months, Airtel has installed more than 1,700 new cellular towers in the state, averaging over 8 towers per day. This expansion aims to provide residents and businesses with …

On September 23, 2024, Firstsource Solutions Limited, a global provider of specialised Business Process Services (BPS) and part of the RP-Sanjiv Goenka Group, announced its acquisition of Ascensos. Ascensos is a UK-based company specializing in customer experience outsourcing for retail and eCommerce sectors. Dr Sanjiv Goenka, Chairman of RPSG Group and Firstsource, commented, “This acquisition …

Aster DM Healthcare Limited, which operates a network of hospitals, clinics, and pharmacies throughout several nations, has expanded to rank among the major healthcare providers in the Middle East and India. The organization is renowned for its cutting-edge facilities, top-notch medical services, and dedication to offering all patients access to affordable healthcare. Aster DM Healthcare …

BigBloc Construction Expands Solar Energy Commitment In a move toward greater environmental responsibility, BigBloc Construction Ltd., a leading manufacturer in the AAC Block space, has announced plans to expand its solar power capacity. The company is adding a 250 KW rooftop solar plant to its Umargaon unit, increasing the plant’s total installed capacity to over …

Samvardhana Motherson Hits New Heights with Successful QIP Samvardhana Motherson International Limited (SAMIL) has made headlines with its stock reaching an all-time high, rising by over 1.5%. The stock’s surge follows the successful completion of a Qualified Institutional Placement (QIP), where the company raised INR 6,438 crore. This has not only strengthened investor confidence but …

Tata Steel Limited has successfully commissioned India’s largest blast furnace at its Kalinganagar facility in Odisha. This project, part of a Phase II expansion involving an investment of ₹27,000 crore, will increase the site’s capacity from 3 million tonnes per annum (MTPA) to 8 MTPA. The inauguration was led by T. V. Narendran, CEO and …