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Stocks in News Today

April 6, 2022

Tata Steel | Tata Steel India achieved highest ever annual crude steel production of 19.06 million tons, with a growth of 13 percent YoY despite the COVID 2nd wave related disruption early in the financial year.

Coastal Corporation | Production in new plant (Unit III) at Kakinada SEZ is now fully ready to commission, for which the company invested Rs 70 crore.

Rain Industries | Due to a lower allocation of raw petroleum coke (RPC) by Directorate General of Foreign Trade (DGFT) for FY23 than in the previous years, the lack of sufficient raw materials has now reached a level necessitating that subsidiary RAIN shuts down one Kiln, until further notice.

Tata Power Company | Resurgent Power Ventures, co-sponsored by Tata Power and ICICI Bank and has other global reputed investors, has completed acquisition of NRSS XXXVI Transmission, a special purpose vehicle to establish and operate transmission system in Northern Region along with LILO of SikarNeemrana 400kV D/C line at Babaion on build-own-operate-maintain (BOOM) basis.

NCL Industries | The company in a BSE filing said cement production increased by 8 percent and cement dispatches rose by 7 percent in FY22 over FY21. RMC production and sales jumped by 13 percent in the same period.

TVS Motor Company | The company and Jio-bp have agreed to explore the creation of a robust public electric vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space.

Gufic Biosciences | The company has received DCGI (Drugs Controller General of India) approval for Thymosin Alpha-1 as an add-on therapy for the treatment of moderate-to-severe COVID-19 patients requiring ventilator support.

Marico | The FMCG company in its BSE filing said revenue growth in Q4FY22 was in low single digits, while volumes were marginally positive on an exceptionally high base (25 percent), leading to a double-digit volume growth on a 2-year CAGR basis.

MIC Electronics | MIC has completed the investment in Bikewo Green Tech (formerly known as Right Automobiles). Now MIC is holding 50.99 percent stake and management control in Bikewo. MIC investment value in Bikewo is Rs 3.32 crore.

Triveni Engineering & Industries | The new 160 KLPD distillery of the company at sugar unit in Milak Narayanpur, Uttar Pradesh has commenced commercial operations.

Tata Consultancy Services | Kansas Department of Labour (KDOL) has selected TCS to build a modern, secure, web-based system for the state’s unemployment insurance program.