NBCC (India), Intellect Design Arena and Skipper to see some action today

NBCC (India) has received work order of Rs 80 crore from Visakhapatnam Port Authority for Renovation/ Refurbishment of Office Buildings located in Visakhapatnam Port Authority. 

Intellect Design Arena has signed a digital transformation programme with a universal bank in the Philippines, a-one-of-its-kind and largest bank-wide transformation program in APAC, cutting across all lines of their businesses - Corporate, MSME & Retail Banking. At the heart of this transformation programme and its partnership with Intellect is the Bank’s aim to provide priority service and superior customer experience that resonates with its brand promise of exceptional banking.

Skipper has announced its recent accomplishment of securing new order wins / notification of awards (NOA) of Rs 588 crore as below: Orders in the Domestic T&D business of Rs 468 crores from PGCIL and other customers. Orders in the International T&D business of Rs 120 crore. 

Satin Creditcare Network has raised Rs 50 crore through allotment of 5,000 non-convertible debentures (NCDs) of face value of Rs 1,00,000 each. The Working Committee of the company in its meeting held on October 13, 2023 has allotted the same.  

Jyoti’s Switchgear Division has secured prestigious order of Rs 11.27 crore (Excluding GST) from Indian Oil Corporation (Refineries Division), Panipat Refinery, Panipat for Supply of High Voltage (6.6 KV and 11 KV) Switchgear Panels for PP and CDW unit along with spares & TEMP CUM PD Monitoring system. The order includes Site Supervision for HV Switchboard & Training for HV Switchboard.  

Avenue Supermarts has reported results for second quarter ended September 30, 2023 (Q2FY24). The company has reported 9.85% fall in its net profit at Rs 658.54 crore for the quarter under review as compared to Rs 730.48 crore for the same quarter in the previous year. However, total income of the company increased by 18.46% at Rs 12353.35 crore for Q2FY24 as compared Rs 10428.42 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 9.09% fall in its net profit at Rs 623.35 crore for the quarter ended September 30, 2023 as compared to Rs 685.71 crore for the same quarter in the previous year. However, total income of the company increased by 18.62% at Rs 12661.29 crore for Q2FY24 as compared Rs 10673.90 crore for the corresponding quarter previous year.

HDFC Life Insurance Company has reported results for second quarter ended September 30, 2023 (Q2FY24). The company has reported 15.49% rise in its net profit at Rs 376.77 crore for the quarter under review as compared to Rs 326.24 crore for the same quarter in the previous year. Net premium income of the company increased by 12.55% at Rs 14755.96 crore for Q2FY24 as compared Rs 13110.91 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 14.95% rise in its net profit at Rs 378.20 crore for the quarter ended September 30, 2023 as compared to Rs 329.02 crore for the same quarter in the previous year. Net premium income of the company increased by 12.63% at Rs 14797.21 crore for Q2FY24 as compared Rs 13137.89 crore for the corresponding quarter previous year.