Godrej Properties, Cupid and KPI Global Infrastructure to see some action today

08 Dec 2020

Godrej Properties has entered into an outright transaction to purchase a well located land parcel in Whitefield, Bangalore. Spread across approximately 18 acres, this project will offer 0.22 million square meters (2.4 million square feet) of saleable area comprising primarily of residential apartments of various configurations.

Cupid has received a purchase order from Uttar Pradesh Medical Supplies Corporation for supply of Covid–19 Antigen Based Rapid Test Kits worth Rs 8.27 crore.

KPI Global Infrastructure has signed new long term Power Purchase Agreement (PPA) with Sajjan India, Ankleshwar for sale of 2.50 MW solar power for a period of 20 years under Independent Power Producer (IPP) business vertical.

Finolex Cables is eyeing at least Rs 500 crore revenue from its new consumer-facing electrical accessories business by the next fiscal (FY22) when it expects total revenue to sniff past Rs 3,500 crore. Currently, net sales from the company’s new segment, which includes a range of ceiling, table, wall, industrial heavy-duty exhaust, and multi-purpose fans, water heaters, LED- PC panels, cabinet lights and MCCBs, are only under 4 percent. The company entered the new business two years ago with a range of fans and last month it launched anti-bacteria ceiling fans, claiming it be the first in the country.

NBCC (India) has secured the total business of Rs 324.81 crore in the month of November, 2020. Earlier, the company had secured the total business of Rs 1165.52 crore in the month of October, 2020.

Ujjivan Small Finance Bank has introduced a new channel to make banking services accessible to customers in their neighbourhood. The channel - Money Mitra - will facilitate entrepreneurs running local businesses like Kirana, medical stores and insurance agencies to offer retail banking solutions to the bank's customers exclusively. In these outlets, the lender's customers can make a deposit, withdraw money, pay loan EMI and perform fund transfer without having to travel to branches. 

Astron Paper & Board Mill has operated nearly 100% of the capacity utilization and as per the orders from last three months i.e September to November. It will be at same level for this month also. For Export also in first six month the company has achieved 19% of total sales which is 22% for last three months. So at all the locations the company is currently working at nearly 100% capacity utilization.

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