Buzzing stocks: Railtel, Man infraconstruction, Reliance Power, Hero MotoCorp, Ugro Capital, Ashoka Metcast, Goa Carbon
RailTel Corporation has secured a ₹78.43-crore order from Bharat Coking Coal Ltd.
Jawaharlal Nehru Port Authority has issued a Letter of Award (LoA) to Trident Agrocom Exports and Man Infraconstruction consortium for the development of a ₹284-crore agro facility at its port. The consortium received the LoA on December 30, JNPA said.
Reliance Power said its arm Sasan Power Ltd has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024. This repayment will bolster Sasan Power’s debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said. Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world’s largest integrated coal-based power plant. It boasts a captive coal mining capacity of 20 MTPA.
Hero MotoCorp Ltd on Wednesday said it has received an additional tax demand of ₹26.40 crore from the Income Tax Department for the assessment year 2020-21. The company received an order dated December 31, 2024, from the Deputy Commissioner of Income Tax, Central Circle 27, New Delhi for the assessment year 2020-21, Hero MotoCorp Ltd said in a regulatory filing.
Ugro Capital has signed agreements to acquire shares in “MyShubhLife,” a Bengaluru-based fintech platform specialising in embedded finance. The deal’s completion is subject to meeting certain conditions.
Ashoka Metcast informed the exchanges that Dipak Pandit Nikam has stepped down as Chief Financial Officer of the company, citing personal reasons from January 1.
Goa Carbon has resumed operations at its Bilaspur unit in Chhattisgarh after relighting the kiln. The company confirmed that production has normalised from January 1.
Source: www.thehindubusinessline.com