Alkem Laboratories, HT Media and Minda Corporation to see some action today

05 Feb 2025 Evaluate

Alkem Laboratories has launched Kojiglo serum in India. This serum is used in managing facial hyperpigmentation and also suitable for all skin types making Alkem, the first Indian company to introduce a liposomal serum with Duo-Lipo technology. Alkem has its presence in the demelanising category with products like Kojiglo cream, Kojiglo face wash and Kojiglo lotion.

HT Media has received approval for investment of upto Rs 11 crore by subscribing to the equity shares of Mosaic Media Ventures (Mosaic), wholly owned subsidiary of the Company. Investment is being made into a wholly owned subsidiary to further grow its business of, inter-alia, gathering and distributing news, analysis and research for business, management, investors and general public. Transaction will be completed within 15 months from the date of board approval. The Board of Directors of the Company at its meeting held on February 4, 2025, has approved the same.

Minda Corporation has invested in 1,50,00,000 equity Shares of Spark Minda Green Mobility Systems (SMGM), the wholly owned subsidiary of the Company for an amount of Rs 15 crore by way of subscription to rights issue of Rs 10 each. Investment has been done for general business purposes and running the operation of SMGM. Investment will enable the SMGM to run its business smoothly. There will be no change in shareholding of the company in SMGM. SMGM will continue to remain a wholly owned subsidiary of the company.

Vibhor Steel Tubes has received new work order from Patel Infrastructure for the supply of Metal Crash Barriers for the Ganga Expressway Project on February 3, 2025 worth Rs 7 crore Approximately.

NACDAC Infrastructure has acquired Tender for Construction of Staff Quarters (type-II) for Judicial Staff at Mohkampur, Dehradun for from Principle Client NBCC India (A Government of India Enterprise). The total work contract is for Rs 12.20 crore. This strategic acquisition align with NACDAC Infrastructure's mission to position itself among the elite organizations capable of competitively bidding.

Marsons has received a Letter of Award (LoA) for the supply of 10 MVA 33/11 kV power transformers to Jakson for the MSEDCL RDSS Scheme Maharashtra. Broad consideration or size of the order is Rs 42.71 crore (exclusive of GST). The said order is expected to be completed in 9-12 months.

Rail Vikas Nigam has received Letter of Acceptance from East Coast Railway for Koraput-Singapur Road Doubling Project: Execution of 27 Nos of Major Bridges i.e. (22 Nos of Major Bridges & 5 Nos of ROBs) and earth work in formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations in connection with Koraput-Singapur Road Doubling Project of Waltair Division, East Coast Railway. The total cost of the project is Rs 404.4 crore (inclusive of GST), and it is scheduled to be completed within 30 months.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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