MoneyWorks4Me

HCL Technologies, Orient Electric and HDFC Bank to see some action today

23 Sep 2024 Evaluate

HCL Technologies (HCLTech) has been recognized as an Oracle Cloud Managed Service Provider (CMSP). This status underscores HCLTech’s expertise in managing and optimizing Oracle and non-Oracle workloads on Oracle Cloud Infrastructure (OCI), delivering exceptional value and performance to enterprises. 

Orient Electric has expanded its Switchgear portfolio with the launch of Stella Neo range of miniature circuit breakers (MCBs) in the mass premium segment. Designed with a focus on four defining aspects of safety, ease of installation, durability, and performance, Stella Neo MCBs offer enhanced electrical safety and reliability. The launch is part of the company’s plans to strengthen its foothold in India’s fast-growing low-voltage switchgear market.

The board of HDB Financial Services (HDBFS), a subsidiary of HDFC Bank, has approved a listing of equity shares, including a fresh issue of up to Rs 2,500 crore and an offer for sale (OFS) by existing shareholders. HDBFS reported a 2.6 per cent year-on-year growth in net profit to Rs 580 crore in the June quarter, with a total loan book expanding 30 per cent year-on-year to Rs 95,600 crore.

Torrent Pharmaceuticals has raised Rs 200 crore through Commercial Papers (CPs) on September 20,2024. Maturity of the said CPs will be on December 19, 2024. The company has issued CPs at interest rate of 7.32% per annum. 

Bharat Heavy Electricals (BHEL) has received a Notification of Award (NOA) from NTPC for 1x800 MW Sipat Supercritical Thermal Power Project Stage-III District: Bilaspur, Chhattisgarh. The size of the order is more than Rs 6,100 crore excluding GST. The Completion of Facilities (COF) by 48 months from the date of Notification of award. 

India Glycols has tied up with Amrut Distilleries, Bengaluru, for manufacturing, bottling, marketing and selling of Amrut’s few premium brands on royalty basis. Amrut’s premium brands are Amrut’s Maqintosh Special Edition, Amrut’s Maqintosh Special Edition Premium, Amrut’s Maqintosh White Label, Amrut’s Bejois XO and Amrut’s Old Port.

VVIP Infratech has received the tender awarded by Superintending Engineer, Construction Circle Uttarakhand Peyjal Nigam. The order value is around Rs 32.49 crore. The order is to be executed within 18 months from the Contact Date.

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