Cement News

L&T Share Price: Stocks in the news: IDFC First Bank, IRB Infra, L&T, DRL & UltraTech Cement


Nifty futures on the Singapore Exchange traded 10.5 points, or 0.07 per cent, lower at 14,918.50 in signs that Dalal Street was headed for a flat start on Wednesday. Here are a few stocks which may buzz the most in today’s trade:

IDFC First Bank: Private sector IDFC First Bank said it has fixed the floor price at Rs 60.34 for the Rs 3,000 crore qualified institutional placement (QIP) issue. The Capital Raising Committee of the Board also decided that the bank may at its discretion offer a discount of not more than 5 per cent on the floor price for the issue, IDFC First Bank said in a regulatory filing.

IRB Infra: IRB Infrastructure Developers (IRB) on Tuesday said it has won two highway projects in West Bengal and Himachal Pradesh, taking the total project wins in the current fiscal to Rs 5,004 crore.

UltraTech Cement:

on Tuesday said it has prepaid its long-term loans of Rs 5,000 crore. The loan repayment has been done through free cash flows that the company has generated over the last few quarters despite the pandemic, the Aditya Birla Group firm said in a statement.

L&T: Larsen & Toubro (L&T) on Tuesday said its construction arm has won significant contracts including an order for the construction of a bridge on river Ganga in Bihar. The company did not specify the exact value of the contracts but as per its specification a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore.

HPCL: Hindustan Petroleum Corporation Ltd (

) on Tuesday said it has bought out its partner SP Ports in the firm that was building an LNG importer terminal in Gujarat, for Rs 397 crore.

DRL: The subject expert committee (SEC) under India’s drug regulator is likely to meet tomorrow to take up an application of Dr Reddy’s Laboratories seeking approval to market the Sputnik V Covid-19 vaccine, a government official told ET.

Cadila Healthcare, Alembic Pharma: US-based arms of domestic pharma firms Zydus Cadila and

are recalling one drug each in the US after receiving complaints against the products.

VA Tech WABAG: Water treatment player

has completed the financial closure for its Hybrid Annuity Model project, received from the Bihar Urban Infrastructure Development Corporation, officials said on Tuesday.

Punjab & Sind Bank: Public sector lender Punjab & Sind Bank said it has declared the account of IL&FS Transportation Network Ltd (ITNL) with total dues of Rs 149.98 crore as fraud. The said account has been reported to the RBI.


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