Stocks in the News: Stocks in the News: SMS Pharma, Patel Engineering, Vedanta, HG Infra, SJVN
SMS Pharmaceuticals
The European Agency for Medicinal Products and Healthcare Quality conducted a GMP inspection of the company’s API manufacturing facility in Andhra Pradesh from February 28 to March 1. A report on this is awaited.
Patel Engineering
Patel Engineering, in collaboration with its joint venture partners, has received Letter of Acceptance (LOA) for a contract worth Rs 525.36 crore from the Irrigation and CAD Department of the Telangana Government.
Read more: Here are the trading setups for today’s session:
HG Infrastructure
HG Infra has received an acceptance letter from South Central Railway for the project worth Rs 447 crore.
tata stock
Tata Sons Chairman N Chandrasekaran said the conglomerate will continue the legacy of its founder Jamsetji Tata and continue to adhere to the principles of integrity, innovation and social responsibility.Vedanta
Vedanta Resources, the parent company of Mumbai-based mining giant Vedanta Ltd, does not expect a loan rollover and plans to pay down up to $3 billion of debt over the next three years, a senior official told an analysts’ conference.S.J.V.N.
SJVN Green Energy, a subsidiary of state-run power producer SJVN, won a 200 MW solar project in the e-Reverse Auction conducted by Gujarat Urja Vikas Nigam.
RIL
The Reliance Industries-Walt Disney Company deal to merge Viacom18 and Star India could create a media giant with profitable entertainment but could be loss-making in its sports and streaming businesses, the report said.
NMDC
State-owned mining company NMDC announced that its iron ore production increased by about 13 per cent to 40.24 million tonnes during the April-February period of fiscal 2023-24.
