Tata Motors, Voltas and Reliance Industries to seesome action today

Tata Motors is eyeing its growth momentum to continue this year as well as anticipates supply side issues to improve, helping it roll out more units to cater to the enhanced demand.  The company, which sells models like Punch, Nexon and Harrier, saw its total passenger vehicle dispatches to dealerships rise by 44 per cent to 99,002 units in third quarter (October-December 2021) as compared with 68,806 units in the same period of the previous year. Last month, it reported a 50 per cent jump in total passenger vehicle sales to 35,299 units as compared with 23,545 units in December 2020.

Voltas has launched its exclusive, one of its kind, Experience Zone at Prabhadevi, in Mumbai; and its 3rd Experience Zone of the country. The state of art Experience Zone spreads over 5000 sq ft with real-time experience spaces, that will provide an unmatched experience to the consumers.

Reliance Industries has reported results for third quarter ended December 31, 2021. The company has reported a rise of 17.84% in its net profit at Rs 10,167 crore for the quarter under review as compared to Rs 8,628 crore for the same quarter in the previous year. Total income of the company increased by 70.16% at Rs 120,839 crore for Q3FY22 as compared Rs 71,016 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 37.90% in its net profit at Rs 20,539 crore for the quarter under review as compared to Rs 14,894 crore for the same quarter in the previous year. Total income of the company increased by 52.08% at Rs 195,318 crore for Q3FY22 as compared Rs 128,450 crore for the corresponding quarter previous year.

Birla Corporation’s wholly owned material subsidiary -- RCCPL has inaugurated its kiln at its 3.90 million tons Greenfield Integrated Cement Plant at Mukutban (Maharashtra). Set up at an investment of Rs 2,744 crore it is the largest greenfield investment by the Company in the history of the Group, taking its cement business to 20 million tons annually. The Mukutban plant is going to be one of the most advanced cement factories in India, in terms of technology and efficiency parameters.

Titagarh Wagons’ subsidiary -- Titagarh Firema S.p.A. (TFA), has signed the framework agreement for design, manufacture, supply and ten years of maintenance of 38 trainsets of Metro for Lazio Regione, Italy. The total value of the framework agreement is Euro 282 million, equivalent to around Rs 2380 crore.

Pil Italica Lifestyle is entering into new lines of business activities such as Import Business, Design and Manufacturing of Plastic and Rubber Moulds & Dies; and Technical Services and full contract businesses to conceptualize, plan, design, develop and setup industries & business in the Plastic and Rubber Industries, for further growth, expansion and diversification of its existing business activities The company intents to create ecosystem around the Plastic Industries by utilizing its rich experience of last 30 years and commit to provide end to end full contract.

As part of its continuous efforts to move toward sustainable steel production, Tata Steel has initiated the trial for continuous injection of coal bed methane (CBM) gas in one of the Blast Furnaces (E Blast Furnace) at its Jamshedpur Works, making it the first such instance in the world where a steel company has used CBM as injectant. This process is expected to reduce coke rate by 10 kg/thm, which will be equivalent to reducing 33 kg of CO2 per tonne of crude steel. The trial will take place over the next few weeks. The technology, design, and development of the entire system at E Blast Furnace for facilitating CBM injection has been done by the in-house team of Tata Steel.