[ad_1]
Events Today
Patanjali: to outline vision and mission statement for 2027 of Patanjali Group; to brief about 5 new IPOs in next 5 years
GR Infra OFS opens for retail investors
Non-retail portion sees 2.4x demand
Linde India, Gujarat Fluorochemical, CG Power, Schaeffler India, Galaxy Surfactants, Garware Technical and Medplus Health
AGMs
REC (11 a.m.)
Rites (11 a.m.)
Coffee Day Enterprises (11 a.m.)
Shree Renuka Sugars (11 a.m.)
Star Health and Allied Insurance Co. (12 noon)
IRCON International (12:30 p.m.)
Gulf Oil Lubricants India (2:30 p.m.)
TeamLease Services (3 p.m.)
IPO
Subscribed 10.4x on day two
Oil & Gas Updates
Brent Crude at $90.9/bbl Vs $94.6/bbl – drops on demand concerns and stronger dollar
Singapore GRM at $(1.6)/bbl Vs $3.5/bbl – drops on demand concerns and as China releases additional export quotas
Asia Spot Gas prices at $45/mmBtu Vs $53/mmBtu – new contract prices drop
Corporate Action
Nil
DII/FII data
FIIs net sold 1270.68 cr worth shares on September 15 (prov)
DIIs net sold 928.86 cr worth shares on September 15
FII F&O Cash Data:
Index futures net sell Rs 944 cr
Index options net buy Rs 3683 cr
Stock futures net sell Rs 3452 cr
Stock options net buy Rs 199 cr
Total FII net sell Rs 515 cr in F&O
F&O Ban
Indiabulls Housing
RBL Bank
Deletion:- Delta Corp
Bulk/Block Deal
Nil
Corporate Announcements
MTAR TECHNOLOGIES
Secured orders worth Rs. 540 Cr in Clean Energy segment including civil nuclear power
Tata Power Solar Systems Limited (TPSSL) received the ‘Letter of Award’ (LoA) of ₹ 612 crore
TPSSL: 100% subsidiary of Tata Power Renewable Energy Limited (TPREL)
To set up a 100 MW ground-mounted solar project for SJVN Limited
As on date, TPSSL’s total order book stands at ₹ 15,520 crore
The installation will get commissioned within 11 months from the date of letter of award
TATA METALIKS
Phase-I of expansion project of Ductile Iron (DI) Pipe plant of Tata Metaliks Limited at Kharagpur was inaugurated
This Rs 600 cr expansion project will take Company’s Ductile Iron Pipe plant capacity to over 4 lakh tonnes per annum in two phases.
The new plant is one of the most advanced DI Pipe plants with high levels of automation & robotics to make the operations safe and efficient
This new plant will help the company expand its product range and enhance its presence in the fast-growing water infrastructure space that is witnessing a major thrust by the Govt of India through its Jal Jeevan Mission scheme.
G R INFRAPROJECTS
Promoters exercise the Oversubscription Option to the extent of 870,202 Equity Shares representing 0.90% of the total issued and paid-up Equity Share capital
Received transmission licence from CERC for its project “Establishment of Transmission system for evacuation of power from RE projects in Rajgarh (2500 MW) SEZ in Madhya Pradesh”
The transmission licence shall, unless revoked earlier, remain in force for a period of 25 years from the date of issue.
TRIGYN TECH
Wholly owned subsidiary awarded an Enterprise Task Order Agreement for Citywide Systems Integration Services (SI), Class I, by the City of New York (City), Department of Information Technology & Telecommunications (DoITT)
The award is for a potential duration of 6 years
Commences on January 1, 2023, through December 31, 2029
This award facilitates the continued expansion of Trigyn’s Public Sector business.
VRL LOGISTICS
Board approved the sale/transfer of its Bus Operations undertaking by way of slump sale on a going concern basis
The approved sale consideration for the said transaction is Rs.230 cr
MINDTREE
Builds a Digital Command and Control Solution for Larsen & Toubro’s Green Hydrogen Plant in Gujarat, India
This will help reduce the plant’s carbon footprint and improve operational agility by increasing electrolyzer efficiency and reducing downtime.
INDO BORAX CHEMICALS
Board at their today’s meeting proposed to install a new plant at existing plant location at Pithampur for manufacturing of Boric Acid derivatives and related products.
The project will be funded by internal accruals.
ESTER INDUSTRIES
Earlier on 6th May, 2022 had entered into a definitive agreement for sale
Co. completed of Sale of Engineering Plastics Business to Radici Plastics India Private Limited
All-cash slump sales transaction amounting to Rs. 289 crore
Completion of this transaction will enable management of Ester to enhance its focus on core businesses of Polyester Films and Specialty Polymer businesses
CCL PRODUCTS
Mr. Challa Srishant, MD was appointed as a Member of the Coffee Board, Bengaluru as representative of instant coffee manufacturers w.e.f. 09″ September, 2022, for a period of three years.
SOM DISTILLERIES
Supplies of the company’s brands of Beer and IMFL have resumed under the new excise policy of the Delhi State Government.
Hopeful of meaningful contributions coming in from the Delhi market for the remaining part of the financial year.
UPL
Acquired 26% shareholding in Clean Max Kratos Pvt. Ltd.
Clean Max Kratos would develop and maintain a hybrid 28.05 MW of solar and 33.00 MW of wind power project under the captive model
The project will result in UPL using renewable energy to fulfil 30% of its total power consumption needs globally
VEDANTA
-Reiterate that the proposed business of manufacturing semiconductors is not under Vedanta Limited
-It will be undertaken by the ultimate holding company of Vedanta Limited, Volcan Investments Limited
Adani Ports to enhance Haldia Dock’s capacity in Bengal
Signs concession agreement to develop Berth no. 2 at Haldia Dock Complex (HDC) in Bengal
To design, build, finance, operate, maintain and manage the bulk terminal with capacity of 3.74 million tons per annum for a concession period of 30 years
The estimated cost of the project is Rs 298 Crore
The project has already received the necessary environment clearance.
REC:
Board approved Incorporation of a project-specific special purpose vehicle (SPV), as wholly owned subsidiary of REC Power Development & Consultancy Limited (RECPDCL), for the transmission project i.e. Construction of Meerut (765) – Shamli 400 kV DIC line.
Board approved Sale and transfer of ER NER Transmission Limited held by RECPDCL to Power Grid Corporation of India Limited, the successful bidder selected through Tariff Based Competitive Bidding process
GODAWARI POWER:
Chhattisgarh Environment Conservation Board, Raipur has accorded its Consent to Operate for enhanced capacity of Iron Ore Pellet Plant, situated at Siltara Industrial Complex, Raipur, Chhattisgarh from 24,00,000 to 27,00,000 Tons Per Annum” with immediate effect
UJJIVAN SFB:
Determined and approved the issue price of ₹ 21 per Equity Share, which takes into account a discount of 4.24% to the floor price of ₹ 21.93 per Equity Share for QIP
Shares in QIP were allotted to Max Life, ICICI Pru Life, Aditya Birla Sun Life, HDFC Life, ABAKKUS Growth
Visaka Industries
To close its AC unit in Telangana as part of the strategic business plan.
Others
TRAI Subscriber Data July 2022
Active subscribers dip across the board
Bharti Airtel loses 10.2 lakh users – highest in last 3 months
Vodafone Idea loses 17.5 lakh users – fourth consecutive month of dip
4G subscriber addition
Airtel added 25.7 lakh users – highest in last 11 months
Reliance Jio added 29.5 lakh users – lowest in last 3 months
Vodafone Idea added 0.2 lakh users
Home Broadband subscriber addition
Airtel added 1.4 lakh users – highest in last 3 months
Jio added 1.1 lakh users – lowest in last 14 months
From Bloomberg
Sugar Futures Fall in New York With Signs of Improving Supplies
Chicago wheat futures declined on a long-awaited US export report that showed sales falling short of market expectations. Wheat for December delivery settled the trading day down 3.1% at $8.45 a bushel, the steepest decline in two weeks
From Mint
India to Ink Oil Supply Pacts With Petrobras, Ecopetrol
India is set to sign long-term pacts with Brazil’s Petrobras and Colombia’s Ecopetrol, Mint reports, citing two unidentified government officials.
Includes provision the oil suppliers will procure at least three million tons of crude oil from these two firms
India’s Pankaj Jain will travel to Brazil next week to sign the agreement, the report adds.
Insiders
| Companies | Category | No. Of Shares | Activity |
| Vaibhav Global | Promoter Group | 4,000 | Bought |
| Sasken Tech | Promoter Group | 7,660 | Bought |
| FIRSTSOURCE SOLUTIONS | Designated Person | 27,500 | Bought |
| MAN INFRA | Promoter | 200,000 | Bought |
| Kirloskar Industries | Designated Person | 25 | Sold |
| Clean Science | Designated Person | 140 | Sold |
| DIVI’S LAB | Designated Person | 1,030 | Sold |
| ICICI Lombard | Connected Person | 1,150 | Sold |
| L&T | Designated Person | 2,187 | Sold |
| GRAUER & WEIL | Promoter Group | 3,000 | Sold |
| GODAWARI POWER | Director | 4,325 | Sold |
| JSW Holdings | Employee Trust | 4,539 | Sold |
| Dr. Lal Path | Designated Person | 7,113 | Sold |
| C.E. Info Systems | Designated Person | 12,023 | Sold |
| AU SFB | Designated Person | 15,522 | Sold |
| AUROBINDO PHARMA | Designated Person | 20,000 | Sold |
| Poonawalla Fincorp | Connected Person | 50,000 | Sold |
| The Ramco Cements | Promoter Group | 75,000 | Sold |
| Tejas Networks | Designated Person & Director | 111,892 | Sold |
| Infibeam Avenues | Employee | 152,074 | Sold |
| MEP Infra | Promoter | 853,392 | Sold |
| SUNDRAM FASTENERS | Promoter | 2,470,000 | Sold |
| Max Financial | Promoter | 160,000 | Pledge |
Analyst Meetings
Ami Organics held an Institutional Investor/Analyst meet with Equentis wealth Advisory on Sep 15
UltraTech Cement to meet a group of investors on Sep 16
HDFC Asset Management Company to attend Morgan Stanley – India Financials Investor Group Trip on Sep 15
Mold-Tek Packaging met with Bajaj Allianz Life Insurance on Sep 15
Phoenix Mills Limited Meeting with Invesco on Sep 16
Hindustan Zinc Limited Meeting with Janus Henderson on Sep 16
Tega Industries meeting with B&K Securities, Omkara Capital Pvt. Ltd, AlfAccurate Advisors on Sep 19
Som Distilleries and Breweries to meet KR Choksey PMS on Sep 16
IndusInd Bank met with Aberdeen Asset Management Asia Limited, Morgan Stanley Investment Management, T Rowe Price International, AR Capital Pte Ltd, Schonfeld Strategic Advisors (Singapore) Pte. Ltd, Torq Capital Management, Nomura Asset Management Singapore Ltd on Sep 15
Punjab Alkalies & Chemicals to meet a group of investors on Sep 16
Polycab India to meet with SBI Pension Funds on Sep 16
Kalyan Jewellers India to meet Systematix Shares & stocks (I) Ltd and Param Capital on Sep 16
PI Industries Limited to meet B & K Securities on Sep 16, Sundaram Mutual Fund on Sep 20, to attend Motilal Oswal 18th Annual Global Investor Conference, 2022 on Sep 21 and meet Phillip Capital on Sep 27
Praj Industries to participate in a virtual event organised by Kotak Securities on Sep 19
Piramal Enterprises to attend Motilal Oswal Investor Conference on Sep 19
Raymond attended group investor meeting on Sep 15
UPL to attend Conference organised by Kotak Securities on Sep 16
Mahindra CIE Automotive to attend Meetings organized by Asian Market Securities on Sep 16
V-Guard to meet host of investors & analysts from Sep 16-20
CreditAccess Grameen met HSBC AMC on Sep 15
IDFC FIRST Bank participated in Goldman Sachs India Thematic Financials Tour
J.K. Cement to attend 18th Annual Global Investor Conference on Sep 20
KEI Industries to attend group meeting organized by Asian Markets Securities Private Limited on Sep 16
Minda Corp met Steinberg India Advisors on Sep 15; to attend AMSEC Conference on Sep 16
ICICI Prudential met Abu Dhabi Investment Authority (ADIA) on Sep 15
Metro Brands met with DSP Mutual fund on Sep 15
Housing Development Finance Corporation attended Investor Conference “India Financials Investor Group Trip” on Sep 15
Mrs. Bectors Food Specialities Limited will be interacting with institutional Investors and Analysts on Sep 16
Orient Electric Meeting with SBI Life and White Oak on Sep 16
HPCL to attend Motilal Oswal Annual Global Investor Conference on Sep 21
Aavas Financiers Met With A Group Of Analysts/Investors On Sep 15
IndiaMART InterMESH met with Dolat Capital Market Private Limited on Sep 15
Symphony Limited to interact with Quantum Advisors Private Limited on Sep 16 and Theleme Partners LLP on Sep 23
Fino Payments Bank attended Goldman Sachs India Financials Tour on Sep 15
RBL Bank met investors/analysts on Sep 14 & Sep 15
SBI Life met a group of investors on Sep 14 & Sep 15
Axis Bank attended Goldman Sachs India Thematic Financials Tour on Sep 15
Indian Hotels met with Kotak Mutual Fund and VT Capital on Sep 15
Dixon Tech met with a group of investors/analysts on Sep 14.
[ad_2]
Source link
