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Stocks in News Today

June 6, 2022

JSW Steel: The fate of steelmaker’s businesses in Italy largely depends on contracts from Italian railway authorities, failing which it will look at other ‘alternatives’.

Sun Pharma: The drug major plans to increase its field force in the domestic market by 10 per cent in the current fiscal in order to drive twin objectives of brand focus and geographical expansion.

Coal India: The coal dispatch by state-owned to captive power plants and sectors like cement registered a decline in May as compared to the year-ago month.

Tata Consumer Products: The coffee chain operator Tata Starbucks, a subsidiary arm of consumer firm has reported a 76 per cent growth in revenue to Rs 636 crore for 2021-22 and ‘significantly’ reduced its net loss, driven by normalization of operations following easing of COVID-related restrictions.

Vedanta: The diversified metal miner said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis. The company will issue 40,890 nos secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value Rs 10,00,000 each.

Ujjivan Small Finance Bank: The private lender said the board on June 8 will consider the proposal for raising of funds by way of issuance of debt securities on a private placement basis, in one or more tranches.

SJVN: The power producer will invest over Rs 1,000 crore to set up three renewable energy projects in Uttar Pradesh. The company’s CMD Nand Lal Sharma said two solar projects with a capacity of 75 MW each will be set up at villages Parasan and Gurha in district Jalaun.

RattanIndia Power: Vibhav Agarwal has resigned as Managing Director of the company due to his personal reasons. Hence he also ceased to be Key Managerial Personnel of the company on June 3.