Buzzing Stocks : CSB Bank, Siemens, Zaggle Prepaid, Coal India, Hyundai Motor, NMDC, MOIL, Hindustan Copper in focus on 2 April.
Coal India : The Board has approved an increase in the notified price of coal by Rs 10 per tonne (i.e., from the existing Rs 10 per tonne to Rs 20 per tonne for non-coking and Rs 10 per tonne for coking coal for regulated and non-regulated sectors across Coal India), effective April 16.
RITES : The company has mutually agreed with UP State Bridge Corporation (UPSBCL) to foreclose the agreement for consultancy services for construction supervision of civil works. Due to interpretation issues of certain provisions of the agreement, it was difficult for the company to continue with the execution of the agreement under the existing terms. In October 2024, it had received a Letter of Acceptance from UPSBCL for supervision, monitoring, quality control, and work zone safety for the construction of bridges, rail over/under bridges, flyovers, and elevated roads in several districts of Uttar Pradesh.
Zaggle Prepaid Ocean Services : The company has signed a Master Services Agreement with Truecaller International LLP, providing the Zaggle Save (employee expense management & benefits) for one year.
Syngene International : The Board approved the appointment of Peter Bains as an Additional Director, designated as Managing Director & Chief Executive Officer of the company, effective April 1, subject to the approval of the shareholders of the company.
Siemens : The National Company Law Tribunal (NCLT), Mumbai, has sanctioned the Scheme of Arrangement between Siemens and Siemens Energy India, providing for the demerger of the company's energy business to Siemens Energy India.
Tata Steel : The company acquired 1,24,90,000 equity shares worth Rs 12.49 crore in the Indian Foundation for Quality Management (IFQM). Post the acquisition, the company’s aggregate shareholding in IFQM has increased from 9.09% to 16.66%.
Biocon : The Board will meet on April 4 to consider the fund-raising via issuance of commercial papers.
Vaibhav Global : The company has received a draft assessment order from the Income Tax Department, Jaipur, for the assessment year 2022-23, wherein major adjustments amounting to Rs 204.86 crore on transfer pricing issues have been proposed. The expected overall financial implication will be determined only upon passing of the final assessment order. Based on the internal assessment, the company does not expect any material financial impact.
Hindustan Copper : In FY25, the Matanjkhand Copper Project (MCP), the company's flagship unit in Madhya Pradesh, achieved an annual ore production of 27.25 lakh tonnes (the highest-ever yearly ore production since inception), which is 103% of the annual target. MCP has processed 24.34 lakh tonnes of copper ore during the year and achieved 97% of the annual target. The annual metal in concentrate (MIC) production stood at 19,270 tonnes in FY25.
Tata Consumer Products : The company has received an assessment order for the financial year 2021-22, demanding tax of Rs 262.08 crore (including interest). The Assessing Officer has proposed certain additions/disallowances with respect to the returned income. The company believes that the demand is not maintainable and is in the process of preferring an appeal against the said order.
MOIL : The prices of all ferro grades of manganese ore with manganese content of Mn-44% and above have been increased by 3%, effective April 1 for the month of April. The prices of all other ferro grades of manganese ore with manganese content below Mn-44% have been increased by 0.5%. Further, the prices of SMGR (Mn-30%, Mn-25%, and Mn-20%) and fines grades increased by 0.5%, and prices of all chemical grades rose by 3%.
JSW Energy : The company has added 3.6 GW of generation capacity during FY25, marking the highest annual capacity addition. The installed generation capacity at the end of FY25 stands at 10.9 GW, significantly surpassing the 10 GW capacity target set for FY25. In the fourth quarter of FY25, the company added 2.8 GW of operational capacity.
Quess Corp : Kamal Pal Hoda will relinquish his position as Group Chief Financial Officer of the company due to his transition to a new role as Executive Director & CEO of Bluspring Enterprises. The Board has approved the appointment of Sushanth Pai as the Chief Financial Officer of the company, effective April 1.
Indian Bank : The Government has appointed Venkatachalam Anand as the Chief Vigilance Officer (CVO) of the bank, effective April 1. The current CVO, Vishesh Kumar Srivastava, has been transferred to Bank of Baroda as CVO.
Pidilite Industries : The Board has approved the appointment of Sudhanshu Vats as Managing Director and the appointment of Kavinder Singh as Joint Managing Director, effective April 10.
Jana Small Finance Bank : Sudhir Madhavan has resigned from the position of Head of Microfinance and Gold Loan Business (RFS) of the bank to pursue an opportunity outside the bank, effective April 30. K S Raman (Executive Director) will take over as ED & Head of RFS of the bank, effective May 1. The successor of K S Raman as the Head of Credit will be announced in due course.
SJVN : The company's subsidiary SJVN Green Energy has completed the trial run of 241.77 MW capacity in Phase-I of the 1,000 MW Bikaner Solar Power Project on March 31. The said capacity is currently under operation and is all set to achieve COD on April 2.
Maruti Suzuki India : The country's largest car maker has announced a total production of 1,94,901 units in March, up 16.9% from the production of 1,66,730 units in the same month last year.
Power Grid Corporation of India : The Board will meet on April 4 to consider fund-raising via issuance of NCDs. Additionally, the company has been declared the successful bidder to establish an inter-state transmission system for the evacuation of power from Mahan Energen Generating Station in Madhya Pradesh under the build, own, operate, and transfer (BOOT) basis. The project comprises a 400kV D/C transmission line and associated bays at the existing Rewa PS (PG) sub-station in Madhya Pradesh.
Shriram Finance : The Reserve Bank of India has approved the company's acquisition of 100% equity stake in Shriram Overseas Investments (SOIPL) from Shriram Investments Holdings. The RBI also approved the appointment of Umesh Revankar, Executive Vice Chairman, and Parag Sharma, Managing Director & CFO of the company, as Directors on the board of Shriram Overseas Investments.
Polycab India : The company has received an assessment order for FY23 from the Income Tax Department, Mumbai, demanding Rs 8.53 crore for disallowance of certain expenditures and additions.
Godawari Power & Ispat : The mining activities at the Boria Tibu iron ore mines have been temporarily suspended effective April 1 due to the expiry of the mining plan approval. Operations at the mines will be resumed after receiving renewal approval from the Indian Bureau of Mines, which is expected to take around 10 days.
Sansera Engineering : MMRFIC Technology, an associate company of Sansera Engineering, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Madras (IITM) for the development of RISC-V based Secure SoC.
NMDC : The iron ore production declined sharply by 27% to 3.55 MT in March 2025, compared to 4.86 MT in March 2024, but iron ore sales grew by 6.3% to 4.21 MT, from 3.96 MT in the same period.
Galaxy Surfactants : ICICI Prudential Mutual Fund has acquired 5.95 lakh shares in the company at an average price of Rs 2,092 per share, valued at Rs 124.47 crore.
