Top Stocks to Watch Today: Wipro, Ashoka Buildcon, Sundaram Clayton, Jindal Stainless, and More
Wipro to aid JFK International Air Terminal in sustainability goals, Ashoka Buildcon monetizes land in Pune for ₹453 crore, Sundaram Clayton starts commercial production of aluminium die castings, and more.
WiproAshoka BuildconSundaram ClaytonJindal StainlessFinolex CablesReliance IndustriesUdayshivakumar InfraVenus PipesIndigo PaintsAdani EnterprisesNucleus SoftwarePidilite IndustriesKec InternationalReal Estate PuneSep 05, 2024
Wipro, the IT services company, has been enlisted by JFK International Air Terminal (JFKIAT) to aid in its sustainability goals. The collaboration aims to reduce the terminal's Scope 1 and 2 greenhouse gas emissions by 50% by 2030, contributing to JFKIAT's objective of reaching net zero emissions by 2050.
Ashoka Buildcon, the infrastructure company, has monetized land in Hinjewadi, Pune, for ₹453 crore. The company's wholly-owned subsidiary, Viva Highways Ltd (VHL), has sold the land under its Real Estate Portfolio.
Sundaram Clayton, the auto component manufacturer, has started commercial production of aluminium die castings at its newly commissioned facility in the SIPCOT industrial area in Tiruvallur district, Tamil Nadu. The plant, in its initial phase, has an annual production capacity of 7,750 tonnes of aluminium die castings.
Jindal Stainless, the country's largest stainless steel maker, has supplied stainless steel for the Vande Bharat sleeper coaches, the prototype of which was recently unveiled by the Minister of Railways. The company has supplied high-strength tempered 301LN grade austenitic stainless steel for this prestigious government project.
Finolex Cables, India's largest electrical and telecom cables maker, has announced the resignation of its chairman, Nikhil Naik. The board has appointed Ratnakar Barve as the new chairman.
Udayshivakumar Infra, in a joint venture with KMC Construction Ltd (KMCCL), has emerged as the lowest bidder (L1) for three major National Highway projects in Karnataka, totalling ₹1,057.3 crore. The projects, awarded under the Engineering, Procurement, and Construction (EPC) mode, involve road widening and shoulder paving.
Venus Pipes, the stainless steel pipes and tubes manufacturer, has been searched by the Directorate of Revenue Intelligence (DRI) under the Customs Act, 1962, in connection with the alleged evasion of customs duty on imported goods.
Indigo Paints, the Pune-based company, has seen a block deal by Peak XV Partners to offload an 11% stake. The offer price for the shares is set at ₹1,470 per share, representing a 4.6% discount to the current market price.
Adani Enterprises has announced the early closure of its public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) amounting to around ₹800 crore. The issuance, initially set to close on September 17, 2024, will now close on Friday, September 6, 2024.
Nucleus Software has announced a share buyback worth ₹72.35 crore, aiming to repurchase nearly 4.5 equity shares or 1.7% of its total equity capital. The buyback price is set at ₹1,615 per share, which represents an almost 20% premium over the last traded price of ₹1,347.05 on Thursday.
Pidilite Industries, the leading adhesive and construction chemicals manufacturer, has entered into an exclusive distribution agreement with CollTech Group. CollTech Group specialises in the manufacture and sale of high-performance adhesives and thermal management solutions.
KEC International, the engineering, procurement and construction company, has secured new orders of ₹1,423 crore for the design, supply and installation of 380 kV transmission lines in Saudi Arabia.
Reliance Industries has announced that the bonus issue will be the largest ever in the Indian equity market and the issuance and listing of bonus shares will coincide with the upcoming festive season and will be an early Diwali gift to all shareholders.
Frequently Asked Questions
What is Wipro's collaboration with JFK International Air Terminal?
Wipro has been enlisted by JFK International Air Terminal to aid in its sustainability goals, aiming to reduce the terminal's Scope 1 and 2 greenhouse gas emissions by 50% by 2030.
How much land has Ashoka Buildcon monetized in Pune?
Ashoka Buildcon has monetized land in Hinjewadi, Pune, for ₹453 crore.
What is Sundaram Clayton's new production capacity?
Sundaram Clayton has started commercial production of aluminium die castings at its newly commissioned facility in the SIPCOT industrial area in Tiruvallur district, Tamil Nadu, with an annual production capacity of 7,750 tonnes of aluminium die castings.
What is Jindal Stainless's contribution to the Vande Bharat sleeper coaches?
Jindal Stainless has supplied high-strength tempered 301LN grade austenitic stainless steel for the Vande Bharat sleeper coaches.
What is the offer price for Indigo Paints' block deal?
The offer price for Indigo Paints' block deal is set at ₹1,470 per share, representing a 4.6% discount to the current market price.
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