Indiabulls Housing Finance, Adani Enterprises and SAIL to see some action today

05 Nov 2020 Evaluate

Indiabulls Housing Finance has further sold a portion of its stake in OakNorth Holdings (the wholly owning parent company of OakNorth Bank plc) (OakNorth) for approximately Rs 64 crore. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the Company. With the latest stake sale, the company has raised a total of Rs 2,577 crore as fresh equity in the month of September, October and November 2020 (Rs 683 crore through QIP and Rs 1,894 crore through sale of stake in OakNorth) adding to the regulatory equity capital of the company.

Adani Enterprises is planning to spend about Rs 50,000 crore in capital expenditure (capex) over the next five years with a major chunk of it going towards airports business. The company to invest a total capex of approximately Rs 35,780 crore for the airport business in the next five years. The company had won bids for six airports at Ahmedabad, Mangaluru, Lucknow, Trivandrum, Jaipur and Guwahati.

Steel Authority of India (SAIL) has reported a 21 percent rise in its sales at 1.341 million tonnes (MT) during October 2020. The company had posted sales of 1.113 MT in the same month in 2019. This is the best ever October sales performance of the company. The crude steel production and the saleable steel production also grew substantially by 14 percent and stood at 1.446 MT and 1.347 MT, respectively, during the month over the corresponding period of last year.

SRF has received approval for setting up of a second BOPP Film Line & Metallizer at Indore either directly or through a wholly owned subsidiary. The existing capacity is 45,000 MTPA and the existing capacity utilization is 100% on product mix basis. 60,000 MTPA of additional capacity is proposed at an outlay of Rs 424 crore through mix of debt and internal accruals. The new capacity should go on stream within 20 months.

NMDC has reported 2.43 million tonne (MT) of iron ore production and logged sales volume of 2.52 MT in the month of October 2020. The company’s Chhattisgarh mines produced 1.82 MT of iron ore and registered sales volume of 2.04 MT, while Karnataka mines produced 0.61 MT of iron ore and sold 0.48 MT of iron ore in October 2020.

Balrampur Chini Mills has received approval for setting up of a new distillery unit, thereby increasing the Capacity of its distilleries by adding 320 KLPD. With the proposed addition, the total capacity will stand augmented to 840 KLPD. The existing capacity utilization of company's distilleries are at 97%.The board of directors at its meeting held on November 04, 2020 has approved the same.

PSP Projects has secured a work order worth Rs 119.29 crore (incl. GST) for Construction of a Commercial building at Ahmedabad, Gujarat.

Balrampur Chini Mill Share Price

360.00 -1.85 (-0.51%)
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Shree Renuka Sugar 39.72
Bajaj Hindusthan Sug 29.03
Triveni Engg. & Inds 310.60
Balrampur Chini Mill 360.00
Dalmia Bharat Sugar 339.05
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