Birlasoft, HG Infra Engineering and Godrej Properties to see some action today

Bharat Forge Ltd. | Forgings | Automobiles | BSE: 500493 | NSE: BHARATFORG

17 Mar 2021 Evaluate

Birlasoft has entered into partnership with Riversand, a cloud-native Master Data Management (MDM) and Product Information Management (PIM) solution provider. For over 30 years, Birlasoft has advised and implemented the most innovative technologies for customers on their digital transformation journeys. Birlasoft will serve as an implementation partner for Riversand’s Master Data Experience (MDxP) platform.

HG Infra Engineering has received the purchase order from NTPC for transportation of 26.41 lakh Cu. M. of Pond Ash from NTPC Ramagundam to NHAI - PIU - Mancherial road construction project (design length 42km). The company bid price is Rs 94.95 crore against estimated project cost of Rs 122.38 crore.

Godrej Properties has raised Rs 3,750 crore through sale of shares to institutional investors. The company had launched its qualified institutional placement (QIP) issue to raise up to Rs 3,750 crore. The QIP committee of the board of directors of the company approved the issue and allotment of 2,58,62,068 equity shares of face value Rs 5 each to eligible qualified institutional buyers at the issue price of Rs 1,450, against the floor price of Rs 1,513.39 per share, aggregating to Rs 37,49,99,98,600.

Apollo Tyres has launched a new range of tyres for the fast growing compact SUV segment. The company has launched Apterra Cross tyres in the country after two years of extensive testing and tuning. This is the first dedicated range of tyres that caters to the compact SUV segment, the hottest selling segment of the decade, in the Indian automotive industry.

Shiva Texyarn has received an order of Rs 27.28 crore from Government of India, Ministry of Defence for supply 80,250 nos. of NBC HAVERSACK MK II (Bags for Defence personnel).

MTAR Technologies has received export orders worth $12.77 million (approximately Rs 93 crore) for export of manufactured goods. The order received is to be executed over next fiscal year thus further strengthening order book and revenue visibility.

Bharat Forge intends to undertake electric vehicle (EV) business through a special purpose vehicle, which would be a wholly-owned subsidiary of the company. As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain (KPPL).