Today's gain in Tata Steel shares came as investors responded to the company’s latest expansion blueprint. Tata Steel has now gained 20 percent year to date, markedly outperforming the Nifty 50.
Incremental capacity expansion at the Umbergaon facility will aid growth in the scholastic segment as manufacturing constraints ease
Spicejet aims to more than double its operational fleet and triple its available seat kilometres (ASKM), reflecting a strong rebound in capacity and demand.
Waaree Energies' largest investment of around Rs 8,000 crore will be directed towards scaling up the lithium-ion advanced chemistry storage cell and battery energy storage systems (BESS) plant from 3.5 GWh to 20 GWh.
The car maker has said in the past that it is preparing for an increased competitive intensity in India's automotive space, which will improve the manufacturing standard as well as expand the market.
The Indian arm of the South Korean carmaker will be making investments towards capacity expansion, product and platform development, new launches, etc.
SpiceJet's settlement with with lessors under BBAM comes amid the airline's ongoing efforts to strengthen the balance sheet and revitalise operations. The stock jumped 7%, adding to yesterday's 9% gain.
SpiceJet said it will induct 10 aircraft to its fleet by November-end. The fleet expansion announcement comes close on the heels of a QIP fundraising of Rs 3,000 crore.
Out of the total amount earmarked for auto verticals, nearly 52 percent of the outlay will be spent on Internal Combustion Engine Vehicles, especially Sports Utility Vehicles (SUVs)
The stock is up 51 percent in the last one year
He revealed that the Israel-Hamas war will impact crude oil prices, which are almost 55 percent of the cost of a tyre