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February 21, 2023

ACC: Adani Cement in a statement said that both companies will resume operations at Gagal and Darlaghat plants in Himachal Pradesh starting today.

Tata Steel: Company’s board approved the issue of fixed rated, unsecured, redeemable, listed NCDs on a private placement basis to eligible investors. The 2.15 lakh NCDs of Rs 1 lakh each will aggregate to Rs 2,150 crore. The NCDs will be listed on the wholesale debt market of BSE.

Asian Paints: Company’s subsidiary Asian Paints (Polymers) Pvt. Ltd., entered into a Memorandum of Understanding (MOU) with the Government of Gujarat to set up a manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) at Dahej, subject to clearances.

BEML: Company has signed an MOU with Delhi Metro Rail Corporation-led SPV, who have been shortlisted for constructing the Bahrain Metro Rail Project phase-1.

BEML will be responsible for manufacturing and supply of Metro Rolling Stock and DMRC will provide expertise in the fields of project development, budgeting and facilitating of contractual obligations.

United Spirits: Company has approved the sale of all equity shares held in non-operative, wholly-owned subsidiary – Sovereign Distilleries Ltd. for a consideration of Rs 32 crore.

The definitive agreement has been signed with Girish Jain and M Sukumar of Sri Lakshya Traders. The transaction is likely to be completed within 30 days of the signing of the agreement.

BPCL: Company is planning to raise up to Rs 1,500 crore this financial year (FY23) through private placement of unsecured non-convertible debentures subject to market conditions. The debentures are proposed to be listed on Debt Market segment of BSE and National Stock Exchange of India.