2 days Ago
Here’s a quick look at stocks likely to be in focus in today's trade. ITC : Kolkata-based diversified conglomerate ITC announced that ITC Hotels will be listed on stock exchanges within 60 days of receiving the National Company Law Tribunal (NCLT) order dated December 16, 2024. The demerger of ITC's hotel business into ITC Hotels, sanctioned by the NCLT, is set to take effect on January 1, 2025.
The company has fixed January 6, 2025, as the record date to identify ITC shareholders eligible for the allotment of ITC Hotels equity shares. RVNL : State-owned company Rail Vikas Nigam Limited (RVNL) stated that it has been declared the lowest bidder (L1) by Central Railway for a project involving the design, supply, erection, testing, and commissioning of a 132/55 KV traction substation, sectioning posts, and sub-sectioning posts in the Bhusaval-Khandwa section. The contract focuses on upgrading the 2x25 KV traction system and incorporates Scott-connected transformers to support a loading target of 3,000 MT.
Hindalco Industries : Aditya Birla Group's metal flagship Hindalco Industries announced the allocation of the Meenakshi coal mine in Odisha. The Ministry of Coal formalised the allocation through a vesting order. This development follows the signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024, marking a significant step in Hindalco's drive towards resource securitisation, energy efficiency, and sustainable growth.
Adani Green Energy : The company announced a leadership transition as part of the Adani Group's internal planning efforts. Amit Singh, the current CEO of Adani Green Energy Limited (AGEL), will step down on March 31, 2025, to assume the role of CEO for the Adani Group’s international energy business. Ashish Khanna, currently the CEO of Adani’s international energy business, has been appointed as the new CEO of AGEL, effective April 1, 2025.
Lupin : Pharma major Lupin stated that it has acquired the anti-diabetic medicine ‘Huminsulin’ in India from Eli Lilly and Company for an undisclosed sum, further strengthening its diabetes portfolio. Lupin has been marketing the 'Huminsulin' range of products through existing distribution and promotion agreements with Eli Lilly, India. The Huminsulin range of products is indicated for the treatment of Type 1 and Type 2 diabetes mellitus to improve blood sugar control in both adults and children, the company said in a regulatory filing.
Mazagon Dock Shipbuilders : The Ministry of Defence (MoD) announced the signing of a contract valued at ₹ 1,990 crore with Mazagon Dock Shipbuilders for the construction of an air-independent propulsion (AIP) plug based on technology developed by the Defence Research and Development Organisation (DRDO). The AIP plug will be integrated into Indian submarines, significantly enhancing their underwater endurance. Shriram Properties : Realty firm Shriram Properties announced the strategic sale of a 3.
9-acre land parcel in Chennai to a prominent healthcare and educational group based in South India. The land, owned by its wholly-owned subsidiary SPL Shelters Private Ltd, is currently approved for the development of retail space. Jubilant Ingrevia : Jubilant Ingrevia revealed that its wholly-owned subsidiary, Jubilant Infrastructure Ltd, has acquired an additional 6.
67 percent equity stake in Forum I Aviation Private Ltd (FAPL) from Hero Fincorp Ltd and Sunil Kant Munjal. This acquisition raises Jubilant Infrastructure's total stake in FAPL to 15.79 percent.
Forum I Aviation operates aircraft on a charter basis under a Non-Scheduled Airlines Permit issued by India’s Ministry of Civil Aviation and reported revenue of ₹ 27.32 crore in FY 2023-24..
