HG Infra Engineering, Hero MotoCorp and Power Grid to see some action today

IDBI Bank Ltd. | Bank - Private | BFSI | BSE: 500116 | NSE: IDBI

24 Mar 2021 Evaluate

HG Infra Engineering has received the Provisional Completion certificate for the project ‘Rehabilitation and Up-gradation of Bhandara- Khat-Ghotitok Junction (Proposed National Highway) from km 226 plus140 NH-07, Amdi Junction) to Km.265plus 724 Saoner to Join NH 547 E (Part of the Bhandara- Ghotitok- Mansar- Amdi- Parseoni- Khapa to Saoner project) to Two/Four lane with paved shoulders in the state of Maharashtra on Engineering, Procurement & Construction (EPC) Mode’.

Hero MotoCorp has launched the new Destini 125 ‘Platinum’ edition. The elegant, premium and durable Destini 125 Platinum packs a host of new design and theme elements that add to its appeal. Coming close on the heels of Maestro Edge 125 Stealth and Pleasure plus Platinum, the new scooter further extends the diverse range of offerings in Hero’s scooter portfolio.

Power Grid Corporation of India (POWERGRID) has established an e-Tendering Portal-PRANIT which will lead to less paperwork and ease of operation, making the tendering process more transparent. It has been certified by Standardisation, Testing and Quality Certification Directorate (STQC), Ministry of Electronics and Information Technology, Government of India.

Glenmark Pharmaceuticals has got $40 million COVID credit line from International Finance Corporation (IFC). The loan to Glenmark will help it increase the availability of affordable, quality medicines in the country as well in other countries, including treatment for the pandemic.

Rudrabhishek Enterprises has been selected by Town Planning Organization, Jammu to provide consultancy services for vetting of draft base maps and attribute data collection for AMRUT City - Jammu. This project aims at holistic development of Union Territory of Jammu and Kashmir. The company will correct all spatial data on filed map provided and verify each urban land use polygon and corresponding codes.

IDBI Bank is seeking approval for rupee bond borrowings worth Rs 8,000 crore for the next fiscal. A meeting of board of directors of the Bank will be held on March 26, 2021 to consider the same.

Solar Industries has been redeemed Commercial paper of Rs 50 crore on March 23, 2021 after making payment on due date. The Commercial paper was issued on December 23, 2020.

IDBI Bank Share Price

74.76 -1.03 (-1.36%)

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Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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