Maruti Suzuki, Tata Steel and Bharti Airtel to see some action today

Maruti Suzuki India’s (MSI) total production last month rose to 1,65,576 units as various states eased COVID related restrictions. The company had produced a total of 40,924 units in May this year. MSI has shut production from May 1 till May 16 in order to divert oxygen from industrial use for medical purposes. Production of mini cars comprising Alto and S-Presso models stood at 26,316 units last month as against 4,896 units in May.

Tata Steel has posted an over 43 per cent jump in its consolidated crude steel output at 7.94 million tonne (MT) during the quarter ended June 30, 2021. The company's consolidated output of steel in the year-ago quarter was at 5.53 MT. During the April-June period of 2021-22 fiscal, the company's consolidated sales also rose to 7.14 MT, from 5.33 MT in the same quarter a year ago, a rise of 35 per cent.

Bharti Airtel has augmented its mobile network in Jammu and Kashmir and Ladakh to deliver the best indoor network experience to its customers by deploying 5 MHz in 900 MHz spectrum band for high-speed data services. With over 5.59 million customers, the Airtel network covers 91.13 per cent population in the two union territories.

ITD Cementation India has secured two orders worth Rs 585 crore. The company has received order from Gujarat Metro Rail Corporation for development and construction of Dream City Depot including Metro Bhavan and associated Electrical & Mechanical works in connection with Surat Metro Rail Project, Phase-1 and another order from Military Engineer Services for construction of Aero Space Museum at Air Force Station in Palam, Delhi involving construction of Aero Space museum, installation of mechanical and electrical systems, digital lighting for auditorium & main museum, Rain water harvesting, Heating Ventilation & Air Condition (HVAC) systems and associated firefighting & fire hydrant systems, etc.

Oil and Natural Gas Corporation (ONGC) is planning to procure equipment and services worth over Rs 30,000 crore to support its oil and gas exploration and production operations, which will provide local entities business and support 'Aatmanirbhar Bharat' initiative. The company is going all out in its efforts to realise the dream of Aatmanirbhar Bharat. At the heart of its endeavours is enhanced transparency and streamlined contracting practices, which will enable the promotion of a business friendly environment for ONGC's business partners.

GAIL (India) is eyeing expansion in petrochemicals, specialty chemicals and renewables as it pivots a new strategy to expand the business beyond natural gas. The company has adopted a revised future blueprint, called 'Strategy 2030' to define its journey through the next decade. This strategic plan will help to address challenges in changing industry scenarios and provide new areas for growth with geographic expansion.

The Indian Energy Exchange (IEX) traded 7093 MU (Million Unit) of electricity volume in June’21 recording 48% YoY growth. The national peak demand saw 16% YoY increase, with the highest ever peak demand at 191.51 GW, while energy consumption at 115 BU grew 8% YoY. The growth has been led by relaxations in COVID-19 related lockdowns across the country along with peak summer season and heat wave in Northern India.