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Mazagon Dock Shipbuilders Share Price Falls 3%, Ending 2-Day Winning Streak

Mazagon Dock Shipbuilders Share Price Falls 3%, Ending 2-Day Winning Streak

18 December 2024

On December 18, Mazagon Dock Shipbuilders’ share price traded 3.19% lower at ₹5,41.85 by 11:15 AM on the NSE. The stock opened at ₹5,288, lower than ₹5,311.25 at the previous close. Mazagon Dock Shipbuilders recorded a total gain of 9.31% over the last two days. Upcoming Stock Split Details Mazagon Dock Shipbuilders Ltd. a state-owned …

RITES Secures Consultancy Order from Meerut Development Authority

RITES Secures Consultancy Order from Meerut Development Authority

18 December 2024

RITES has been awarded a ₹122.60 crore contract by the Meerut Development Authority for providing consultancy services to prepare a Detailed Project Report (DPR) and supervise infrastructure work for the next 5 years. Order Details The work involves providing consultancy services for the preparation of a Detailed Project Report (DPR) and construction supervision of all …

Gujarat Industries Power Approves Key Contracts and Debt Syndication for Solar Projects

Gujarat Industries Power Approves Key Contracts and Debt Syndication for Solar Projects

18 December 2024

In its recent board meeting, Gujarat Industries Power Company approved the award of an EPC contract for a 500 MW solar project and debt syndication for two solar power projects in Gujarat. Overview of GIPCL’s Solar Approvals Gujarat Industries Power Company (GIPCL) held its Board of Directors meeting on December 17, 2024, where it approved …

Gulf Oil Extends Partnership with Piaggio India Until 2032

Gulf Oil Extends Partnership with Piaggio India Until 2032

18 December 2024

Gulf Oil Lubricants India announced on Tuesday, December 17, the renewal of its strategic and exclusive partnership with Piaggio Vehicles Private Ltd, a subsidiary of the Piaggio Group, until 2032. The collaboration, which began in January 2020, ensures Gulf Oil remains Piaggio India’s official lubricant partner for its two-wheeler and commercial vehicle segments. Exclusive Partnership …

Inox Wind Secures 60 MW Wind Turbine Order from Serentica Renewables

Inox Wind Secures 60 MW Wind Turbine Order from Serentica Renewables

18 December 2024

On Wednesday, December 18, Inox Wind announced that it received a significant order from Serentica Renewables to supply wind turbines for a 60 MW project. The order includes Inox Wind’s advanced 3 MW class turbines, which are set to be delivered in the first half of 2025. These turbines will be installed at a hybrid …

Restaurant Brands Asia to Consider Fundraising Via QIPs

Restaurant Brands Asia to Consider Fundraising Via QIPs

18 December 2024

Restaurant Brands Asia, the India franchisee of Burger King, announced on Tuesday, December 17, that its board of directors will convene on Friday, December 20, 2024, to discuss a proposal for raising funds. The company is exploring multiple fundraising options, including a preferential issue, qualified institutional placement (QIP), or other methods permitted under regulatory frameworks. …

Power Grid Corporation Approves ₹4,250 Crore Bond Issuance

Power Grid Corporation Approves ₹4,250 Crore Bond Issuance

18 December 2024

Power Grid Corporation of India Ltd (PGCIL) has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds worth up to ₹4,250 crore through private placement. The decision was finalised in a meeting of the Committee of Directors for Bonds on Wednesday. Key Details of the Bond Issue The bond issue includes a base size …

Maruti Suzuki Hits 2 Million Cars in a Year, Sets New Milestone

Maruti Suzuki Hits 2 Million Cars in a Year, Sets New Milestone

18 December 2024

Maruti Suzuki India Limited (MSIL) announced that it has achieved a historic milestone by producing 2 million cars in a single calendar year for the first time. In comparison, the company manufactured 1.934 million vehicles in 2023. Nearly 60% of the cars were produced in its Haryana facilities, while the remaining 40% came from its …

J Kumar Infraprojects Secures ₹632 Crore Contract for DTC Colony Development in Delhi

J Kumar Infraprojects Secures ₹632 Crore Contract for DTC Colony Development in Delhi

18 December 2024

Mumbai-based J. Kumar Infraprojects Limited, a leading infrastructure development company, has announced a significant milestone by securing a ₹632 crore contract from NBCC (India) Limited. This project involves the development of the Hari Nagar Colony for Delhi Transport Corporation (DTC) in Delhi. Key Details of the Contract The project, awarded by NBCC (India) Limited—a Government …

Sai Life Sciences Shares Listed at Premium of ~20% on BSE

Sai Life Sciences Shares Listed at Premium of ~20% on BSE

18 December 2024

On December 18, 2024, Sai Life Sciences share price made a successful debut on Dalal Street at a notable premium. Sai Life Sciences shares were listed at ₹660 on the Bombay Stock Exchange (BSE), reflecting a premium of ₹111 or 20.2% over its issue price of ₹549. On the National Stock Exchange (NSE), it opened at …

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