BHEL, HFCL and DLF to see some action today

18 Mar 2021 Evaluate

Bharat Heavy Electricals (BHEL) has been emerged as the lowest bidder (Rs 10,800 crore) for the fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for the 6x700 MW Turbine Island Package Projects. Significantly, with this, the company has retained its market leadership position of being the sole Indian supplier of Nuclear Steam Turbines.

HFCL has bagged an order worth Rs 221.16 crore from Uttar Pradesh Metro Rail Corporation, for Design, Manufacture, Supply, Installation, Testing and Commissioning of Telecommunication Systems for Kanpur Metro (Corridor-I and Corridor-II) and Agra Metro (Corridor-I) Project. The Project is expected to be completed by 2023.

DLF is planning to raise up to Rs 500 crore through issue of non-convertible debentures (NCD) to investors. Finance committee, constituted by the board of directors approved the company's proposal. The panel gave nod to issuance of secured rated listed redeemable non convertible debentures (NCDs) at a coupon rate of 8.25 per cent with an aggregate principal amount of up to Rs 500 crore on a private placement basis in one or more tranches to certain eligible investors. The company did not disclose where it will utilise the proceeds of the proposed issue.

In its bid to strengthen regional connectivity, InterGlobe Aviation (IndiGo) has declared Rajkot as its next destination on the 6E network. The airline will operate direct flights from Rajkot to Bengaluru, Delhi, Mumbai, and Hyderabad as part of its summer 2021 schedule, with effect from March 28, 2021. These new connections will strengthen connectivity between Rajkot and the key metro cities in the country, while fulfilling the demand for enhanced connectivity.

Punjab National Bank (PNB) has set up a wholly-owned subsidiary namely PNB Cards & Services on March 16, 2021. The subsidiary will undertake the non-financial support services related to credit card business of the bank.

Blue Star expects a growth of 25 per cent in sales of refrigeration products and cooling products next fiscal compared to 2019-20. The company, which like other players in the segment had witnessed a de-growth during the summers season in the financial year 2021, expects the next fiscal to be good for cooling products supported by factors like work from home.

Sikozy Realtors has entered into Memorandum of Understanding (MoU) with VHM Industries for purchase of property situated at Indian Corporation, Dapoda Village, Mankoli Naka, Bhiwandi, Dist- Thane. The company plans to develop residential/ commercial property on the land for selling it to prospective customers.

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