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Stocks to Watch Today | Reliance Industries, ONGC, Tata Steel and others in news today

Stocks to Watch: Check out the companies making headlines before the opening bell.

September 12, 2022 / 07:10 AM IST
Reliance Industries: Reliance Industries arm to acquire polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex for Rs 1,592 crore. Reliance Industries said its subsidiary Reliance Petroleum Retail will acquire polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex for Rs 1,592 crore. The acquisitions, which will be done by way of slump sale on going concern basis, are subject to approval of the Competition Commission of India. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Reliance Industries: Reliance Industries said its subsidiary Reliance Petroleum Retail will acquire polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex for Rs 1,592 crore. The acquisitions, which will be done by way of slump sale on going concern basis, are subject to approval of the Competition Commission of India. [Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.]
Oil and Natural Gas Corporation: ONGC signs 6 contracts for Discovered Small Fields in offshore during DSF-III bid round. The state-owned oil & gas company has signed 6 contracts for Discovered Small Fields (DSF) in the offshore under DSF-III bid round, with 3 each for fields in the Arabian Sea and Bay of Bengal. It also signed 2 contracts for fields under special CBM Bid round-2021 blocks in Jharkhand and Madhya Pradesh. For the 2 CBM blocks, the total investment commitment is to the tune of $5.94 million, while $1894.5 million of investment is planned towards development in the 6 DSF-III blocks.
Oil and Natural Gas Corporation: The state-owned oil and gas company has signed six contracts for Discovered Small Fields (DSF) in the offshore under DSF-III bid round, with three each for fields in the Arabian Sea and Bay of Bengal. It also signed two contracts for fields under special CBM Bid round-2021 blocks in Jharkhand and Madhya Pradesh. For the two CBM blocks, the total investment commitment is to the tune of $5.94 million, while $1894.5 million of investment is planned towards development in the six DSF-III blocks.
Tata Steel: Tata Steel to consider issuance of NCDs on September 14. The company informed exchanges that the meeting of the Board of Directors is scheduled on September 14 to consider the issuance of unsecured non-convertible debentures on private placement basis.
Tata Steel: The company informed exchanges that the meeting of the Board of Directors is scheduled on September 14 to consider the issuance of unsecured non-convertible debentures on private placement basis.
Anupam Rasayan India: Fire accident occurs at Unit-6 of Sachin GIDC plant of Anupam Rasayan India. The company intimated exchanges that there was a fire incident at its Unit-6 of Sachin GIDC plant in Surat on September 10. Four people have died and 20 people are injured in the fire incident.
Anupam Rasayan India: The company intimated exchanges that there was a fire incident at its Unit-6 of Sachin GIDC plant in Surat on September 10. Four people have died and 20 people are injured in the fire incident.
H G Infra Engineering: H G Infra Engineering arm receives completion certificate for road project in Haryana. Subsidiary H G Ateli Narnaul Highway has received completion certificate for road project in Haryana. With this, the project has been declared fit for entry into commercial operation on March 11, 2022.
HG Infra Engineering: Subsidiary HG Ateli Narnaul Highway has received completion certificate for road project in Haryana. With this, the project has been declared fit for entry into commercial operation on March 11, 2022.
Ashapura Minechem: Albula Investment Fund offloads 1.58% stake in Ashapura Minechem. Albula Investment Fund sold 14.5 lakh shares in the company via open market transactions. These shares were sold at an average price of Rs 101.97 per share. The fund held 7.93% stake or 72.57 lakh shares in the company as of June 2022.
Ashapura Minechem: Albula Investment Fund sold 14.5 lakh shares in the company via open market transactions. These shares were sold at an average price of Rs 101.97 per share. The fund held 7.93 percent stake or 72.57 lakh shares in the company as of June 2022.
Ujjivan Small Finance Bank: Ujjivan Small Finance Bank issues non-convertible debentures of Rs 75 crore. The small finance bank has issued non-convertible debentures of Rs 75 crore. The final redemption date for NCDs would be April 26, 2028 and the coupon rate is 11.95%.
Ujjivan Small Finance Bank: The small finance bank has issued non-convertible debentures of Rs 75 crore. The final redemption date for NCDs would be April 26, 2028 and the coupon rate is 11.95 percent.
Gujarat Industries Power: Gujarat Industries Power allots EPC contract of Rs 244 crore to KEC International. The company said board of directors approved the award of EPC contract worth Rs 244 crore to KEC International. The contract is for pooling sub-station 400/33 KV, 1200 MW of solar, wind, and hybrid renewable energy park of 2375 MW capacity in Gujarat.
Gujarat Industries Power: The company said board of directors approved the award of EPC contract worth Rs 244 crore to KEC International. The contract is for pooling sub-station 400/33 KV, 1200 MW of solar, wind, and hybrid renewable energy park of 2375 MW capacity in Gujarat.
JTL Infra: JTL Infra to consider conversion of warrants into equity shares. The company said the board of directors on September 13 to consider allotment of equity shares by conversion of warrants issued on preferential basis to non-promoters, and public category.
JTL Infra: The company said the board of directors on September 13 to consider allotment of equity shares by conversion of warrants issued on preferential basis to non-promoters, and public category.
IRB InvIT Fund: IRB InvIT Fund set to acquire Vadodara Kim 8 Lane Greenfield Expressway HAM project in Gujarat. IRB InvIT Fund is set to acquire Vadodara Kim Expressway HAM project in Gujarat from its sponsors IRB Infrastructure Developers at an enterprise value of Rs 1,297 crore and equity value of Rs 342 crore. The acquisition is expected to be completed by October 2022. After the acquisition is completed, the InvIT will have six operational and revenue generating assets in its portfolio.
IRB InvIT Fund: IRB InvIT Fund is set to acquire Vadodara Kim Expressway HAM project in Gujarat from its sponsors IRB Infrastructure Developers at an enterprise value of Rs 1,297 crore and equity value of Rs 342 crore. The acquisition is expected to be completed by October 2022. After the acquisition is completed, the InvIT will have six operational and revenue generating assets in its portfolio.
Orient Tradelink: Orient Tradelink signs mega deal worth Rs 5 crore with Story Mirror Infotech. Story Mirror Infotech, the India's largest literature technology platform, has signed up six book publishing deals with Orient Tradelink. This deal can bring Story Mirror easily a revenue of Rs 5 crore in a matter of next few years.
Orient Tradelink: Story Mirror Infotech, the India's largest literature technology platform, has signed up six book publishing deals with Orient Tradelink. This deal can bring Story Mirror easily a revenue of Rs 5 crore in a matter of next few years.
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first published: Sep 12, 2022 07:10 am
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