Anil Ambani-led Reliance Defence and Engineering today said its standalone net loss has widened to Rs 230.4 crore for the quarter ended June 30, 2017.
Reliance Infra-controlled RDEL has received approval from the CDR empowered group (CDR EG) for exiting the CDR scheme.
The consortium of lenders, led by IDBI, has agreed to the exit plan of RDEL, a subsidiary of Reliance Infrastructure, with a longer maturity period for loans worth about Rs 6,800 crore, sources said.
ICICI Direct recommended hold rating on Reliance Defence & Engineering with a target price of Rs 68 in its research report dated April 13, 2017.
The operating profit (EBITDA) of the company rose 241 percent at Rs 27.7 crore and EBITDA margin at was up 400 bps at 11 percent.
The company's board meeting will be held on April 11, to consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2017.
Reliance Defence and Engineering Ltd made a disclosure to stock exchanges with respect to "purchase and creation of pledge of equity shares" in the company.
As transaction advisor, SBI Caps will manage the stake sale process and assist the department of investment and public asset management derive the fair reserve price to get optimum proceeds from the divestment.
A media report stated that the company's joint venture with Dassault Aviation will get a big chunk of the Rafale jet deal and will target businesses worth Rs 20,000 crore as part of the offsets for the contract.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Amtek Auto,Reliance, Dr Reddys Laboratories, Reliance Infrastructure, Reliance Defence, GMR Infrastructure, and ENIL.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Reliance Defence and Raymond.
Pitching defence business as the main growth driver, industrialist Anil Ambani will brief the sectoral and market analysts here tomorrow about future plans of his Reliance Group in this segment.
At the end of Q3, a whopping 41 percent of corporate debt is with companies whose earnings are less than their interest outgo. Credit Suisse's MD and Head of Research Ashish Gupta shares his detailed analysis with CNBC-TV18's Latha Venkatesh on a special show - Indianomics.
ICICI Direct is bullish on Reliance Defence has recommended buy rating on the stock with a target price of Rs 68 in its research report dated February 16, 2017.
Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).
SBI | TCS | Sun Pharma | Tata Steel | Cipla | Hindalco Industries | Petronet LNG | State Bank of Bikaner and Jaipur | State Bank of Mysore | State Bank of Travancore | Cyient | Reliance Defence and Bharat Forge are stocks, which are in the news today.
The company has signed the master ship repair agreement with US Navy to perform complex repair and alternation services for the US Navy's seventh fleet vessels operating in the region.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Bank of Baroda, Reliance Defence and Idea Cellular.
Reliance Defence has signed a landmark deal with the US Navy undertaking service, repair and the maintenance work of seventh fleet of US Navy.
The Seventh Fleet's area of responsibility includes the Western Pacific and Indian Ocean and at any given time there are roughly 50-70 ships and submarines, 140 aircraft and approximately 20,000 sailors under its command.
Hero Motocorp | Lupin | Cipla | Bank of India | eClerx Services | Ratnamani Metals | Healthcare Global | Reliance Power | Union Bank | Thermax | Indraprastha Gas | Adani Transmission | Kotak Mahindra Bank | Axis Bank and Idea Cellular are stocks, which are in the news today.
RDEL emerged winner through a competitive bidding process undertaken by Ministry of Defence with participation from almost all the private sector and public sector shipyards namely, L&T, Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), the company said in a statement.
The company has signed a contract with Ministry of Defence, Government of India for design and construction of 14 fast patrol vessels (FPVs) for Indian coast guard, for an amount of Rs 916 crore.
"Reliance Defence and Engineering Ltd has successfully delivered yet another 74,500 DWT new-built Ice-class Panamax Bulk Carrier viz 'Sea Amber' on January 17, 2017 to an international customer," a company statement said.
Amid reports that Reliance Defence, Shapoorji Pallonji Group and the UK's Liberty House Group have shown interest in buying ABG Shipyard, the debt-ridden company today said it is in discussions with various firms which may be prospective investor.