Beat The Street | Stock Market News dan repost
🗞 BEAT THE STREET BULLETIN 🗞
Date: 20-Dec-2024
Telegram: [t.me/beatthestreet10]
📍 NEW ORDERS & CONTRACTS
- L&T: Wins ₹7,628 crore order for K9 Vajra-T artillery guns from the Ministry of Defence.
- STEEL STRIPE: Wins Euro 15 million (₹132 crore) order for Steel wheel business from European OEM.
- UNITED DRILLING: Wins ₹55.2 crore order from ONGC Ltd. for casing pipes.
- NBCC: Wins ₹98 crore order for e-library platform from Maharashtra government medical colleges.
- NBCC: Wins ₹200 crore order for construction of new Oil India hospital in Duliajan.
- WANBURY: Passes ANVISA inspection for manufacturing facility in Tanuku, Andhra Pradesh.
- ITCONS: Wins ₹3.61 crore order from Central Warehousing Corporation, Kochi.
- RUDRABHISHEK: Bags ₹73 crore order.
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📍 FUNDRAISING & CAPITAL EXPANSIONS
- AGI GREENPAC: Board approves up to ₹1500 crore fundraising via equity.
- RBA: Board approved up to ₹500 crore fundraising via QIP.
- IDBI BANK: Board meeting on Dec 31 to consider approval for Long Term Rupee Bond borrowings of up to ₹10,000 crore for FY 2024-25 & 2025-26.
- KELTON TECH: Board approves ₹100 crore fundraising via equity.
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📍 ACQUISITIONS & STAKE INCREASES
- THERMAX: Completes acquisition of 100% equity share capital of Buildtech.
- AION TECH: Incorporates wholly owned subsidiary, ROQIT Greenfleet Digital Solutions Pvt. Ltd. focusing on zero-emission EV and hydrogen fleets.
- SABOO SODIUM: To issue up to 21,99,726 fully paid-up equity shares at ₹28 each to acquire shares of Villashare Tech.
- SPECTRUM FOODS: Will issue up to 12,54,253 equity shares at ₹33 each in exchange for shares of Villashare Tech.
- KOTHARI PRODUCTS: Board meeting on 27 Dec to consider a bonus issue.
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📍 STRATEGIC PARTNERSHIPS & AGREEMENTS
- SpiceJet: Partners with StandardAero Inc. to return 737-8 MAX to service.
- BAJAJ AUTO: Launches new Chetak e-scooter '35 Series' with 153 km range.
- PRAVEG: Announces strategic partnership with Mahindra Holidays & Resorts for hospitality projects in Daman, Diu, and Ayodhya.
- TECH MAHINDRA: Merger with Perigord Premedia, Perigord Data Solutions, TMCPL, and TSL sanctioned by NCLT.
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📍 CAPACITY EXPANSION & PRODUCTION
- GREENLAM IND: Delays greenfield particle board project at Naidupeta, Andhra Pradesh; commercial production now expected in January 2025.
- WAAREE ENERGIES: Starts trial production of 1.6 GW solar module line in Texas.
- LMW: Completes restructuring of its subsidiary; transfers equity in LMW Textile Machinery (Suzhou) Co. Ltd., China to LMW Holding Ltd., UAE.
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📍 RESIGNATIONS & APPOINTMENTS
- JTEKT INDIA: Re-designates Mr. Minoru Sugisawa as Chairman & Managing Director effective January 1, 2025.
- CONCORD CONTROL: Mr. Mayank Modi resigns from the post of CFO effective Dec 20, 2024.
- AU SMALL: Harun Rasid Khan re-appointed as Part-time Chairman for 3 years.
- MUTHOOT MICRO: Thomas John Muthoot steps down as Non-Executive Director.
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📍 LEGAL & REGULATORY UPDATES
- ADANI ENT: Bombay High Court dismisses petition by Seclink Technologies challenging Maharashtra govt's decision to award Dharavi Redevelopment Project to Adani.
- SHRIRAM PROPERTIES: Approves sale of securities in subsidiary SPL Shelters Pvt. Ltd.
- INTERGLOBE AVIATION: Approves loan of USD 43 million to subsidiary.
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📍 OTHER UPDATES
- SAI SILKS: Opens its 65th store in Pondicherry.
- SHOPPERS STOP: Launches "Glamfluencer 2025", India’s first beauty reality show.
- Ola Electric: Launches "SavingsWalaScooter" campaign; to open 4,000 stores by Dec 25.
- MAZAGON DOCK: Starts production of first FPV for ₹1,070.47 crore ICG project.
- VENDANTA: S&P upgrades Vedanta Resources to 'B', outlook stable.
- SPICEJET: Partners with StandardAero Inc. for 737 MAX return to service.
Stay Updated with Beat the Street 🚀🚀
Date: 20-Dec-2024
Telegram: [t.me/beatthestreet10]
📍 NEW ORDERS & CONTRACTS
- L&T: Wins ₹7,628 crore order for K9 Vajra-T artillery guns from the Ministry of Defence.
- STEEL STRIPE: Wins Euro 15 million (₹132 crore) order for Steel wheel business from European OEM.
- UNITED DRILLING: Wins ₹55.2 crore order from ONGC Ltd. for casing pipes.
- NBCC: Wins ₹98 crore order for e-library platform from Maharashtra government medical colleges.
- NBCC: Wins ₹200 crore order for construction of new Oil India hospital in Duliajan.
- WANBURY: Passes ANVISA inspection for manufacturing facility in Tanuku, Andhra Pradesh.
- ITCONS: Wins ₹3.61 crore order from Central Warehousing Corporation, Kochi.
- RUDRABHISHEK: Bags ₹73 crore order.
---
📍 FUNDRAISING & CAPITAL EXPANSIONS
- AGI GREENPAC: Board approves up to ₹1500 crore fundraising via equity.
- RBA: Board approved up to ₹500 crore fundraising via QIP.
- IDBI BANK: Board meeting on Dec 31 to consider approval for Long Term Rupee Bond borrowings of up to ₹10,000 crore for FY 2024-25 & 2025-26.
- KELTON TECH: Board approves ₹100 crore fundraising via equity.
---
📍 ACQUISITIONS & STAKE INCREASES
- THERMAX: Completes acquisition of 100% equity share capital of Buildtech.
- AION TECH: Incorporates wholly owned subsidiary, ROQIT Greenfleet Digital Solutions Pvt. Ltd. focusing on zero-emission EV and hydrogen fleets.
- SABOO SODIUM: To issue up to 21,99,726 fully paid-up equity shares at ₹28 each to acquire shares of Villashare Tech.
- SPECTRUM FOODS: Will issue up to 12,54,253 equity shares at ₹33 each in exchange for shares of Villashare Tech.
- KOTHARI PRODUCTS: Board meeting on 27 Dec to consider a bonus issue.
---
📍 STRATEGIC PARTNERSHIPS & AGREEMENTS
- SpiceJet: Partners with StandardAero Inc. to return 737-8 MAX to service.
- BAJAJ AUTO: Launches new Chetak e-scooter '35 Series' with 153 km range.
- PRAVEG: Announces strategic partnership with Mahindra Holidays & Resorts for hospitality projects in Daman, Diu, and Ayodhya.
- TECH MAHINDRA: Merger with Perigord Premedia, Perigord Data Solutions, TMCPL, and TSL sanctioned by NCLT.
---
📍 CAPACITY EXPANSION & PRODUCTION
- GREENLAM IND: Delays greenfield particle board project at Naidupeta, Andhra Pradesh; commercial production now expected in January 2025.
- WAAREE ENERGIES: Starts trial production of 1.6 GW solar module line in Texas.
- LMW: Completes restructuring of its subsidiary; transfers equity in LMW Textile Machinery (Suzhou) Co. Ltd., China to LMW Holding Ltd., UAE.
---
📍 RESIGNATIONS & APPOINTMENTS
- JTEKT INDIA: Re-designates Mr. Minoru Sugisawa as Chairman & Managing Director effective January 1, 2025.
- CONCORD CONTROL: Mr. Mayank Modi resigns from the post of CFO effective Dec 20, 2024.
- AU SMALL: Harun Rasid Khan re-appointed as Part-time Chairman for 3 years.
- MUTHOOT MICRO: Thomas John Muthoot steps down as Non-Executive Director.
---
📍 LEGAL & REGULATORY UPDATES
- ADANI ENT: Bombay High Court dismisses petition by Seclink Technologies challenging Maharashtra govt's decision to award Dharavi Redevelopment Project to Adani.
- SHRIRAM PROPERTIES: Approves sale of securities in subsidiary SPL Shelters Pvt. Ltd.
- INTERGLOBE AVIATION: Approves loan of USD 43 million to subsidiary.
---
📍 OTHER UPDATES
- SAI SILKS: Opens its 65th store in Pondicherry.
- SHOPPERS STOP: Launches "Glamfluencer 2025", India’s first beauty reality show.
- Ola Electric: Launches "SavingsWalaScooter" campaign; to open 4,000 stores by Dec 25.
- MAZAGON DOCK: Starts production of first FPV for ₹1,070.47 crore ICG project.
- VENDANTA: S&P upgrades Vedanta Resources to 'B', outlook stable.
- SPICEJET: Partners with StandardAero Inc. for 737 MAX return to service.
Stay Updated with Beat the Street 🚀🚀