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Tata Power, Tata Metaliks, Vedanta, Adani Ports, VRL Logistics, UPL, Som Distilleries


Stocks to track in trade for September 16 Tata Power Tata Metaliks Vedanta Adani Ports VRL Logistics UPL Som Distilleries

Stocks to track in trade for September 16: Tata Power, Tata Metaliks, Vedanta, Adani Ports, VRL Logistics, UPL, Som Distilleries.

Tata Power

Tata Power Solar Systems Limited (TPSSL) received the ‘Letter of Award’ (LoA) of ₹ 612 crore 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

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.

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”

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

Som Distilleries

Supplies of the company’s brands of Beer and IMFL have resumed under the new excise policy of the Delhi State Government. The company is 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

Clarified 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

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.



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