Buzzing Stocks : HUL, Coal India, Gandhar Oil Refinery, Nureca, Paytm, HG Infra, Tata Power, Anant Raj in focus on 22 April.
Results Today : HCL Technologies, Mahindra & Mahindra Financial Services, Tata Communications, Havells India, AU Small Finance Bank, Waaree Energies, Cyient DLM, Delta Corp, Hathway Cable & Datacom, Choice International, Huhtamaki India, and Vardhman Special Steels will announce their quarterly earnings on April 22.
Vedanta : Promoter entity Twin Star Holdings (borrower) has signed a Facility Agreement for $530 million with lenders. Vedanta Resources and Welter Trading are guarantors to the agreement. The Facility Agreement has been entered into for the purpose of servicing the financial indebtedness of the VRL Group, covering transaction expenses contemplated under the finance documents and for general corporate purposes of the borrower. Twin Star Holdings is a related party of Vedanta and is classified as a member of the promoter group, holding 40.02% of shares in Vedanta.
Tata Power Company : The company’s renewable energy subsidiary, Tata Power Renewable Energy (TPREL), has signed a Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project.
Hindustan Unilever : The company has completed the acquisition of 90.5% shareholding in Uprising through a combination of primary infusion and secondary acquisition for a total cash consideration of Rs 2,706.4 crore.
HG Infra Engineering : HG Infra has been declared a qualified bidder by Gujarat Urja Vikas Nigam for 300 MW/600 MWh (out of the total project capacity of 500 MW/1000 MWh) for the setting up of standalone battery energy storage systems in Gujarat.
Gandhar Oil Refinery (India) : The company has signed a non-binding Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to participate at Vadhvan Port for the development of a terminal for handling containers, bulk, and liquid cargo and to create supporting infrastructure. The estimated investment for the project is approximately Rs 1,000 crore, with operations expected to commence in 2030.
One 97 Communications (Paytm) : The company’s subsidiary, Paytm Money, has announced new cost-effective interest rates and a revised brokerage structure for its recently launched Pay Later (MTF - Margin Trading Facility) offering. The platform aims to enhance affordability for both retail and high-value investors.
Nureca : The company has received formal approval from the Government of Punjab, Department of Industries & Commerce (Invest Punjab), for the establishment of a new manufacturing facility in Sundra, SAS Nagar, Punjab. The unit will focus on the manufacturing of health and wellness equipment.
Coal India : The company has signed a non-binding Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC) to set up a 2×800 MW coal-fired ultra supercritical power plant in Jharkhand. DVC is a power generator operating in West Bengal and Jharkhand.
Brigade Enterprises : The company has signed a Joint Development Agreement for a plotted development project in Malur, East Bengaluru, spanning approximately 20 acres. The gross development value of the project is around Rs 175 crore, with a total development potential of 0.45 million square feet.
Gujarat Alkalies and Chemicals : The company has dispatched its first consignment of Benzyl Chloride from its new plant at Dahej. The company has established a 30,000 TPA Chlorotoluene plant at Dahej with an estimated project cost of Rs 350 crore.
Mazagon Dock Shipbuilders : Capt (IN Retd) Jagmohan has been appointed as Chairman & Managing Director on the Board of the company, effective April 21 until his superannuation on September 30, 2029. As a result, Biju George, Director (Shipbuilding), ceased to hold the additional charge of Chairman & Managing Director, effective April 21.
