PG Electroplast, Sadbhav Engineering and Adani Green Energy to see some action today

19 Mar 2021 Evaluate

PG Electroplast (PGEL) is planning to invest Rs 100 crore in two years to expand its existing Ahmednagar plant. The expansion will create over 600 jobs locally and enable the company to improve both its capabilities and capacities for manufacturing Air Conditioners and other appliances. Ahmednagar Unit is PGEL’s largest campus for manufacturing air conditioners. The new campus will also house new capabilities of sheet metal and powder coating.

Sadbhav Engineering has raised Rs 24 crore through Senior, Secured, Unrated, Unlisted, Redeemable, Non-convertible Debentures (NCDs) and allotted 2,400 NCDs having face value of Rs 1,00,000 each on Private Placement basis. The meeting of Finance and Investment Committee of the Company held on March 17, 2021, has approved the same.

Adani Green Energy (AGEL) has raised a $1.35 billion debt package for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up in four SPVs in the state of Rajasthan, India.

Lakshmi Machine Works has incorporated a wholly owned subsidiary company named ‘LMW Aerospace Industries’ on March 16, 2021. Incorporation of a wholly owned subsidiary is to enable selective focus upon Company's aerospace related activities.

Quint Digital Media has been awarded a contract by Google Asia Pacific to support journalistic efforts to fact-check misinformation about the COVID-19 immunization process in India.

Aditya Birla Capital’s material subsidiary -- Aditya Birla Sun Life AMC has launched two new index funds focused on the Nifty midcap and smallcap indices. While the Nifty midcap 150 index fund is an open-ended scheme tracking the Nifty midcap 150 TR index, the Nifty smallcap 50 index fund is an open-ended scheme tracking the Nifty smallcap 50 TR (total return) index. Both the schemes are open and will close on March 26, 2021.

Varroc Engineering (Varroc) has entered into a cooperation agreement (Agreement) with Delta-Q Technologies Corp (Delta-Q). Varroc will manufacture Delta-Q’s chargers in India to support the expansion of the electric two- and three-wheel vehicle market.

Lakshmi Machine Work Share Price

16630.00 -103.65 (-0.62%)
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