Posts Tagged ‘industries’

ICRA reaffirms `LBBB/A2` ratings to Hydro S&S Industries

Credit rating agency, ICRA has reaffirmed the LBBB rating assigned to the Rs. 9.97 crore term loans and Rs 270 million fund-based bank facilities of Hydro S&S Industries (HSSIL)

RIL starts projects to expand polyester capacity

Reliance Industries said on Wednesday it had started work on polyester projects in the country as it aims to consolidate its position as the world’s largest integrated polyester producer.

Oil Min seeks Home Min`s nod for RIL-BP deal

Petroleum Ministry has sought security clearance from Home Ministry for allowing UK`s BP Plc to buy 30% stake in most of the Reliance Industries ` oil and gas blocks, including the giant KG-D6 off east coast. Upstream regulator Directorate General of Hydrocarbons (DGH) has processed application made by Reliance for transfer of its 30 per cent interest in 23 oil and gas blocks and sent its recommendation to the…

Surana Industries completes acquisition of 100% stake of Surana Mines, Minerals Pte

Surana Industries has completed acquisition of 100% stake of Surana Mines and Minerals Pte.

SR GLOBAL MAURITIUS sells 77.43 lakh shares of Alok Ind

On April 11, 2011 SR GLOBAL MAURITIUS LIMITED CLASS BASIA sold 7,743,078 shares of Alok Industries at Rs 24.85 on the NSE. Yesterday the share closed at Rs 24.25

RELIANCE SMALL CAP buys 1.7 lakh shares of Gujarat Apollo

On April 11, 2011 RELIANCE SMALL CAP FUND RSCF bought 170,200 shares of Gujarat Apollo Industries at Rs 145 on the BSE. Yesterday the share closed at Rs 152.45.

ICRA assigns `LBB+ (Stable)/A4+` rating to Remsons Industries

Credit rating agency, ICRA has assigned an LBB+ rating to the Rs 60 million term loans and the Rs 190 million, long-term, fund-based bank facilities and A4+ rating to the Rs 8.4 million short term non-fund based bank facilities of Remsons Industries (Remsons). The outlook on long term rating is stable. The rating takes into consideration the long standing experience of the promoters in the auto ancillary components industry and the established client base of the company in automobile industry

ICRA assigns `LBB+` & `A4+` ratings on Supertex

Credit rating agency, ICRA has assigned a long term rating of LBB+ to the Rs 75 million fund based limits and a short term rating of A4+ to the Rs 40 million on fund based bank facilities of Supertex Woven Industries (Supertex). The outlook assigned to the long term rating is `Stable`. The ratings are constrained by the company`s modest scale of operations, the stiff competition resulting from presence of large number of unorganised players and the company`s weak profitability indicators….

Govt asks RIL to meet gas demand of fertiliser cos

Faced with falling production from KG-D6 fields, the government has asked Reliance Industries to first supply natural gas to priority sectors like fertiliser and power even by stopping flow to refineries and steel plants. The order by the Petroleum Ministry follows sharp dip in production from Reliance`s eastern offshore KG-D6 fields to 47.5 million standard cubic meters per day in the week ended March 26, from 61.5 mmscmd output achieved a year ago. “Reliance…

Man Industries bags order worth Rs 550 crore

Man Industries has bagged order worth Rs 550 crore.

Man Ind bags orders worth Rs 550 cr; stock rises 3.5%

Man Industries (India) has bagged orders worth Rs 550 crore, reports CNBCTV18. It touched an intraday high of Rs 74.50 and an intraday low of Rs 67.10. At 13:45 hrs the share was quoting at Rs 71.60, up Rs 2.45, or 3.54%

Final stage of MFI restructuring begins

The first of the MFI restructurings is coming to a close. Small Industries Development Bank of India (SIDBI) along with 10 other banks have recast debt of unlisted MFI future financial services without adding any fresh loans.

Prabhudas Lilladher recommends `Accumulate` on Exide Industries

Prabhudas Lilladher has recommended `Accumulate` on Exide Industries with a price target of Rs 155 as against the current market price (CMP) of Rs 148 in its report dated Apr.

Minda Ind sells entire stake in Minda Realty Infra

Minda Industries sold entire stake in Minda Realty Infra, reports CNBCTV18. It touched an intraday high of Rs 308 and an intraday low of Rs 258.55. At 11:23 hrs the share was quoting at Rs 296.05, up Rs 28.95, or 10.84%.