JSW Steel, NTPC and Macrotech Developers to see some action today

JSW Steel is all set to come up with its Rs 150 crore project in south Kashmir's Pulwama district. The possession of 70 kanals of land (8.75 acres) has already been handed over to JSW Steel Limited in Pulwama's Lassipora industrial area to set up a Rs 150-crore steel plant.

NTPC has decided to issue unsecured non-convertible debentures (NCDs) of Rs 1,500 crore on April 29, 2022, through private placement at a coupon of 5.78% p.a. with a door to door maturity of 2 years on April 29, 2024. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on BSE.

Macrotech Developers is targeting 27 per cent growth in its sales bookings during the current fiscal (FY23) at Rs 11,500 crore on better demand prospects and strong pipeline of new launches. Out of the total target of Rs 11,500 crore, the company targeting sales bookings of Rs 10,500 crore from residential segment and the rest from sales of commercial assets. 

Adani Enterprises has incorporated a wholly owned subsidiary namely, AMG Media Networks on April 26, 2022, with an initial Authorized and Paid-Up Share Capital of Rs 1,00,000 each to carry on the business of media related activities, including inter alia the publishing, advertising, broadcasting, distributing etc. of content over different types of media networks. AMG Media Networks will commence its business operations in due course.

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has initiated Open Innovation strategy, to accelerate next-generation technology and sustainability to support its modern luxury vision for the business, its partners, and customers. Open Innovation will drive collaborations with start-ups, scale-ups and like-minded external organisations on electrification, connectivity, digital services, metaverse, intelligent enterprise, manufacturing, supply chain and sustainability.

Shiva Texyarn (STYL) has acquired 26% of equity stake in L K Distributors (LKDPL) on April 27, 2022. Due to the said acquisition, LKDPL has become an Associate Company of STYL with effect from April 27, 2022.

Hindustan Unilever has reported results for fourth quarter ended March 31, 2022. The company has reported 8.59% rise in its net profit at Rs 2327 crore for the quarter under review as compared to Rs 2143 crore for the same quarter in the previous year. Total income of the company increased by 10.97% at Rs 13584 crore for Q4FY22 as compared Rs 12241 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported 5.34% rise in its net profit at Rs 2307 crore for the quarter under review as compared to Rs 2190 crore for the same quarter in the previous year. Total income of the company increased by 10.40% at Rs 13846 crore for Q4FY22 as compared Rs 12542 crore for the corresponding quarter previous year.