Prakash Pipes, Welspun Corp and Adani Green Energy to see some action today

The Ramco Cements Ltd. | Cement & Construction Materials | Construction & Infrastructure | BSE: 500260 | NSE: RAMCOCEM

31 Dec 2020 Evaluate

Prakash Pipes has added Chlorinated Polyvinyl Chloride (CPVC) Pipes & Fittings in its product range by commencing production at its Kashipur plant. CPVC Pipes & Fittings are used in hot water applications and is growing in popularity owing to its higher corrosion resistance at temperatures of around 60 degree Celsius to 90 degree Celsius, flame resistance, and other durability features.

Welspun Corp has received additional orders of approximately 129 KMT valued at Rs 1,200 crore approximately. Out of these orders, approximately 69 KMT would be executed from Saudi facility, including a single order of 45 KMT from Saudi Aramco - one of most prestigious clients. These orders bring in clear business continuity for FY22, both in domestic and Saudi market and is a true testimony of global leadership position and a strong customer connect.

Adani Green Energy’s (AGEL) wholly owned subsidiary--Adani Solar Energy Kutchh Two has commissioned 100 MWac Solar Power Project at Khirsara, Gujarat, ahead of its scheduled Commercial Operation Date (COD) according to its 25-year-long Power Purchase Agreement (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL). The PPA is priced at Rs 2.44/kWh, as on December 29, 2020.

Premier Explosives has received an enhancement in order from Israel Aerospace Industries (IAI), Israel for development and supply of EDRM Rocket Motors for a total value of $1,384,000 in place of $520,000. Ordered items are expected to be delivered by September 30, 2021.

Filatex India has commenced commercial operation of captive rooftop solar power generation of 1.0 MW at Dahej and 0.4 MW at Dadra with effect from December 30, 2020.

Ramco Cements has invested Rs 2,48,57,173 in the capital of Lynks Logistics by way of subscribing to 2,48,57,173 equity shares of Rs 1 each, through their Rights Issue. Consequent to the investment, the total shareholding of company in Lynks Logistics is 49,95,16,202 shares of face value of Rs 1 each constituting 46.87% of its paid up share capital.

Shriram Transport Finance Company has raised Rs 240 crore through Senior, secured, rated, listed, redeemable, non convertible debentures (NCDs) and allotted 2400 Debenture having face value of Rs 10,00,000 each on private placement basis. The board of directors of the company at its meeting held on November 30, 2020 approved and allotted the same.