SAIL: The company declared a second interim dividend of Rs 2.5 per share, 25% on the paid-up share capital of the company.
Adani Power: The company has completed the acquisition of Essar Power MP Ltd. completed under the insolvency and bankruptcy code for a total consideration of Rs 4,250 crore for the 1200 MW power plant.
NXT Digital: The company has approved in principle to merge Hinduja Leyland Finance with itself.
Zydus Lifesciences: The company has signed a share purchase agreement to acquire a stake of up to 11.86% in AMP Energy Green Nine for the establishment of a solar hybrid wind energy project in Gujarat.
JSW Energy: The company has approved the reorganization of its renewable energy and thermal energy activities.
Mahindra and Mahindra: The company has agreed to increase its stake in Carnot Technologies from 15.6% to 52.69% for Rs 14 crore.
Allcargo Logistics: The company has announced an interim dividend of Rs 3 per share of par value of Rs 2 each.
Wipro: The company has joined the Open Source Security Foundation’s board of directors to help address the growing threat to the software supply chain.
Reliance Capital: CEO Dhananjay Tiwari has resigned.
Oil India: The company has approved a joint venture with Assam Gas in three geographies offered by the Petroleum and Natural Gas Regulatory Board for town gas distribution. It also approved an investment of Rs 6,555 crore by Numaligarh Refinery for a petrochemical project.
Tube India: The company has appointed Mukesh Ahuja as MD, MAM Arunachalam as Executive Chairman and Vellayan Subbiah as Executive Vice Chairman for five years.
GSK Pharma: The company has completed the sale of trademarks related to the ‘lodex’ and ‘Ostocalcium’ brands in India to GSK Asia.
Ansal Housing: The company has defaulted on the payment of principal and interest of Rs 79.4 crore and Rs 37.57 crore to IFCI.
Godrej Industries: The company has made a further investment of Rs 100.16 crore in Godrej Capital bringing its stake to 87.11%.
Godrej Consumer: The company has completed the sale of its entire interest in Bhabani Blunt Hair Dressing and the right to use the brand name for the manufacture and sale of BBLUNT branded products.
BEML: Considering dividend statement on March 22.
Bajaj Finserv: The company has reappointed Sanjiv Bajaj as general manager for five years.
Voltas: The company will form a 40:60 joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, for the sale of air conditioning components.
PNC Infratech: The company has received a bonus of Rs 82.68 crore (0.04% of the contract price) from the Uttar Pradesh Expressways Industrial Development Authority for the early completion of the Purvanchal Expressway from Sansarpur to Gobindpur.
Yasho Industries: The company has approved capital expenditures of Rs 350 crore for a new greenfield project in Dahej, Gujarata, to produce lubricant additives and rubber chemicals.
Jindal Saw: The company approved a merger of Jindal Quality Tubular, Jindal Tubular (India) and Jindal Fittings with Jindal Saw.
Gufic Biosciences: The company has established a wholly owned subsidiary Gufic UK in the United Kingdom.
TCS: Selected by SGX for NSE Ifsc-SGX Connect.
JSW Steel: Winds up three Mauritius units to simplify the structure.
KPR Mills: Repurchase Rs 180 crore from 25th March to 7th April.
Indiabulls Housing Finance: to consider private placement of bonds on March 22.
This post Adani Power, JSW Energy, Oil India, SAIL, M&M
was original published at “https://www.bloombergquint.com/business/stocks-to-watch-adani-power-jsw-energy-oil-india-sail-mm”