Tata Motors, Panache Innovations and Tata Consumer Products to see some action today

25 Jul 2022 Evaluate

Tata Motors has bagged an order for 1,500 electric buses from Delhi Transport Corporation (DTC) as part of a tender by Convergence Energy Services. The auto major will supply, operate and maintain air-conditioned, low-floor, 12-metre fully-built electric buses for 12 years, as per the contract. The delivery of these buses will further fortify the company’s partnership with DTC and help in environment-friendly mass mobility for the city of Delhi.

Panache Innovations has received purchase order of Rs 5.58 crore from AGS Transact Technologies to supply, Install and Commissioning of Security Kit for ATM and Batteries-1000 units over a period of 3 months with payment terms as 25% Advance in a lot of 200 units with balance payment within 30 days of installation.

Tata Consumer Products (TCP) has entered the plant-based meat products category, under a new brand ‘Tata Simply Better'. This is in line with the Company’s focus on accelerating innovation and expanding its total addressable market. With this new brand, the company is extending its product portfolio into a new category, targeting consumers who are looking to incorporate more plant-based ingredients for health, environmental or other considerations, without compromising on taste.

Bharat Electronics (BEL) has signed a contract with the Ministry of Defence, Government of India, worth around Rs 250 crore, towards supply of nine Integrated ASW Complex (IAC) MOD 'C' Systems. IAC MOD 'C' is an Integrated Anti-Submarine Warfare (ASW) system for all surface ships of the Indian Navy.

NTPC is planning to raise up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs). A meeting of the board ofdirectors is scheduled to be held on Friday, July 29, 2022, to consider thesame.

Reliance Industries has reported results for first quarter ended June 30, 2022. The company has reported a rise of 75.64% in its net profit at Rs 15,096 crore for the quarter under review as compared to Rs 8,595 crore for the same quarter in the previous year. Total income of the company increased by 63.42% at Rs 153,874 crore for Q1FY23 as compared Rs 94,158 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 40.83% in its net profit at Rs 19,443 crore for the quarter under review as compared to Rs 13,806 crore for the same quarter in the previous year. Total income of the company increased by 51.66% at Rs 225,360 crore for Q1FY23 as compared to Rs 148,591 crore for the corresponding quarter previous year.

Ugro Capital has reported results for first quarter ended June 30, 2022. The company has reported 4-fold jump in its net profit at Rs 7.34 crore for the quarter under review as compared to Rs 1.70 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 123.80 crore for Q1FY23 as compared Rs 51.29 crore for the corresponding quarter previous year.

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