Everything you need to know to start trading on July 12
Vedanta, zinc from Hindustan: Production results announced for T1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% from the first quarter of fiscal 21, due to higher ore production primarily at the Rampura Agucha (RAM) and Zawar. This was partially offset by lower overall metal contents. Compared to T4FY21, it decreased by 23%, mainly due to lower ore production at the Sindesar Khurd and Rampura Agucha mines due to operator absenteeism in April and May in light of the second wave of Covid-19. Integrated metal production was 236,000 tonnes for the first quarter of FY22, up 17% from the first quarter of FY21 due to greater availability of mined metal and down 8% from the fourth quarter of FY21 due to lower mined metal production. Integrated zinc production was 188,000 tonnes, up 20% from the first quarter of FY21 and down 4% from the fourth quarter of FY21, integrated lead production was 48,000 tonnes for the first quarter of FY22, up 9% from the first quarter of FY21 and down 21% from Q4 FY21.
Authum Investment and Infrastructure: Appointed Amit Dangi, full-time director of the company as regular chairman of the board with immediate effect.
Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has resigned with effect from July 21 due to other professional commitments.
Steel industry Beekay: Launch of a new product: Beekay Turbo 550 Max interlocking TMT bars manufactured at its Parwada unit in Visakhapatnam, Andhra Pradesh.
Power of torrents: Has published its annual report. The company ended fiscal year 21 with revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore of fiscal year 20. Ebitda fell 3% from from Rs 3,734 crore to Rs 3,607 crore. The EBITDA margin improved slightly from 27% to 29%. President Samir Mehta said the business of the company’s distribution franchisees had been significantly affected due to the pandemic, while the impact was limited on the licensed production and distribution business. After the lockdown and subsequent disruptions, he said the economic recovery had led to increased demand for electricity across all of its distribution areas, with demand for T4FY 21 at higher levels than the comparable quarter of the year. last year. In addition, the case concerning its suspended offer for the privatization of 51% of the electricity distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard by the Supreme Court.
Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as a director on the board of directors of the company.
Zuari Agro Chemicals: The company’s only super phosphate plant in Mahad has resumed operations with a supply of raw materials linked to a supplier. Nitrogen, phosphorus and potassium A factory was closed due to the unavailability of raw materials.
Sadbhav infrastructure projects: India Ratings downgraded the company’s credit rating to BBB + from A-.
Coromandel International: Crisil has revised the rating of the Company’s long-term bank credit facilities from “stable” to “positive”.
Clariant chemicals: Has published its annual report. The continuing operations of the company reported sales for fiscal 21 of Rs 688.41 crore compared to Rs 720 crore for the previous year. The company recorded a 4.4% drop in sales. Of the total turnover for the year under review, 35% comes from exports. The company has gradually resumed its activities and during the quarter ended September 30, 2020, operations have gradually returned to normal. He said the balance sheet indicates financial stability and an assessment of the impact of COVID-19 on internal financial controls concluded that there is no major impact.
NBCC (India): Informed that the company obtained a total turnover of Rs 206 crore in the month of June 2021.
Bank of Maharashtra: Approved the floor price of Rs 24.89 per share for its qualified institutional placement.
Shriram transport financing: 1,300 senior covered bonds, listed and linked to the market, capital protected, redeemable and non-convertible, approved and allocated with a nominal value of Rs 10 lakh each on the basis of a private placement. The issue size is Rs 85 crore plus the option of Rs 50 crore green shoes.
Barbecue-Nation Hospitality: CIFAR raised the credit rating of the company’s bank facilities on a long-term scale to A- (stable). On the short-term scale, the rating assigned is A2 +.
IFB Industries: Has published its annual report. The company posted net operating income of Rs 2,800 crore, up 6.2%. Profit before tax increased 74.2% year-on-year to Rs 2,322.4 crore. The company said it was successful despite a dismal first quarter performance due to the shutdown due to Covid-19. He added that the increase in margin is largely due to a favorable product mix, higher prices, reduced material cost, program cost and overhead.
Cholamandalam Financial Holdings: Has published its annual report. FY21 ended with total income of Rs 13,905 crore and after tax profit of Rs 1,764 crore. NBFC subsidiary Cholamandalam Investment and Finance Company closed the year with disbursements of Rs 26,043 crore and business assets under management of Rs 69,996 crore. Profit after tax rose 44% to Rs 1,515 crore. President MM Murugappan said FY21 was “extremely difficult” for the financial services industry, due to the global economic slowdown, coupled with stressed borrowers and a shortage of liquidity in the market. He added that after battling disruption in the first quarter, Indian NBFCs grew at a slower pace in the second and third quarters of the year, largely aided by the liquidity improvement measures announced by the government. .
Indian Bank: Obtained the required RBI pre-approval to exercise the call option on the bank’s outstanding Basel III Level 2 Series I bonds totaling Rs 600 crore.
Adani Companies: Adani Airport Holdings, a wholly-owned subsidiary, has taken over management control of Mumbai International Airport Limited from the GVK group.
Skipper: Acuite rated the company’s long-term bank facilities as A- (stable) and the short-term bank facilities as A2 +.
NIIT: Has published its annual report. The company recorded revenue of Rs 949.5 crore in fiscal year 21, up 7% year-over-year from Rs 889.2 crore. Ebitda more than doubled to reach Rs. 175.3 crore. President Rajendra Pawar said he sees a positive recovery going forward in all businesses. He said the strong balance sheet and liquidity position, coupled with the opportunities opened up by large-scale digital disruption, has positioned NIIT as a leader in the areas addressed by their learning activities, skills and careers in business.
HDFC Bank: July 17 meeting to consider fundraising via foreign currency debt
NMDC: Approves NMDC Steel spin-off; NMDC Steel will issue an equal number of shares they hold in the miner
NTPC:Project to build a 4.75 gw solar park in Gujarat
Benefits to watch out for: Infosys, L&T Technology Services, 5Paisa Capital, Craftsman Automation, Dodla Dairy, Hatsun Agro Product, Raghav Productivity Enhancers, Tinplate Company of India.