Dilip Buildcon, ICICI Bank and ARCL Organics to see some action today

Dilip Buildcon has received Provisional Completion Certificate for the project of Construction and upgradation of NH - 131A from Km 34.600 (design Ch: 6.000) near Narenpur to Km 79.970 (design Ch 53.000) near Purnea to 4 lane standard and from Km 79.970 (design Ch: 53.000) to Km 82.000 (design Ch: 55.000) near Purnea to 2 lane with paved Shoulders standard, in the State of Bihar on Hybrid Annuity Mode. The Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on March 29, 2024. The project cost was Rs 1905 crore.

ICICI Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024. The bank has reported 17.38% rise in its net profit at Rs 10707.53 crore for the quarter under review as compared to Rs 9121.87 crore for the same quarter in the previous year. Total income of the bank increased by 20.74% at Rs 43,597.14 crore for Q4FY24 as compared Rs 36,108.88 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported 18.46% rise in its net profit at Rs 11,671.52 crore for fourth quarter ended March 31, 2024 as compared to Rs 9,852.70 crore for the same quarter in the previous year. Total income of the bank increased by 24.59% at Rs 67,181.70 crore for Q4FY24 as compared Rs 53,922.75 crore for the corresponding quarter previous year.

ARCL Organics has signed a memorandum of understanding (MoU) with Adplus Chemicals and Polymers for Phenol Sale-Purchase Agreement (PSPA). A definitive agreement is yet to be signed on the said matter as Adplus Chemicals and Polymers is installing a plant at Haldia and it will take around 2 years for the plant to start commercial production. Term of Agreement is 5 years. The price payable by the Buyer to the Seller for supply of Phenol shall be linked to marker-based pricing formula.

State Bank of India (SBI) has entered into partnership with HCLSoftware, the software business unit of HCL Technologies (HCLTech), to digitally transform customer engagement. As part of the five-year agreement, HCLSoftware will deploy the HCL Unica platform to enable SBI to digitally transform its customer interaction framework and provide hyper-personalized communication across the bank’s diverse digital marketing channels, while adhering to the Digital Personal Data Protection Act (DPDPA) and other stringent security requirements.

HCL Technologies has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 2.85% fall in its net profit at Rs 2,763 crore for the quarter under review as compared to Rs 2,844 crore for the same quarter in the previous year. However, total income of the company increased by 4.35% at Rs 12,378 crore for Q4FY24 as compared Rs 11,862 crore for the corresponding quarter previous year. On consolidated basis, the company has reported marginal rise of 0.35% in its net profit at Rs 3,995 crore for fourth quarter ended March 31, 2024 as compared to Rs 3,981 crore for the same quarter in the previous year. Total income of the company increased by 6.86% at Rs 28,915 crore for Q4FY24 as compared Rs 27,059 crore for the corresponding quarter previous year.

Ahasolar Technologies has received a work order for consultancy services for Complete design, engineering, Maintenance & drawing of Website & Mobile Platform for Solar Application Project from BSES Rajdhani Power. The whole Consultancy Service is priced at around Rs 1.10 crore. 

Hinduja Global Solutions’ (HGS) Subsidiary -- ONEOTT Intertainment has completed the acquisition of 51% shareholding of Seven Star Balaji Broadband on April 25, 2024. With this, Seven Star Balaji Broadband has become a stepdown subsidiary of the company. The acquisition of Seven Star will leverage strength to scale up the business in Maharashtra area for exploring the possibilities for the purposes of providing state of the art Internet Services to the subscribers.