Stocks to watch on June 13, 2023

Rights Issue Committee Alan Scott Industries Limited Agree to the terms and conditions of the rights issue. The total number of partially paid equity shares is 18,25,377 with an issue price of Rs 30 per share, totaling Rs 5.48 crore. One equity share for each share held by existing shareholders as on the record date (June 16).

board of directors Cressanda Solutions Ltd He agreed to a rights issue of approximately Rs. 49.30 crore. While the price issue was fixed as ₹20, the entitlement ratio was fixed at 6:97. June 16th is the standard date.

Al-Adani Ports and Special Economic Zone Limited The company announced the suspension of operations of its ships in the port of Mundra and Tuna. Vessel operations are suspended in view of the advisory issued by the Indian Meteorological Department on the expected Cyclone storm “Biparjoy”.

Oil and Natural Gas Company Limited (ONGC Ltd) awarded the project to replace 03 CSU outgoing gas compressors and 6 gas compressors no regeneration, CBD pot installation at Uran plant on reimbursable EPC basis (Open Book Estimate Status (OBE)) Engineers India Ltd (EIL). The total estimated order value is around $472 crore with a project completion schedule of around 40 months.

SJVN Green Energy Limited, which is a wholly owned subsidiary of SVJN, participated in the competitive tariff-based bidding process for selecting wind developers to construct ISTS-connected wind projects in India (Phase XIV) conducted by Solar Energy Corporation of India and got the full rated capacity of 200 MW wind power project at a price of USD 3.24/unit on a build-own-operate (BOO) basis through an e-RA conducted on June 12. The PSA must be executed after the LOI is issued by SECI. This wind power project is to be developed by SJVN Green Energy Limited anywhere in India through an EPC contract. The initial cost to build/develop this project is Rs 1,400 crores. The project is expected to generate 578.16 MU annually and the cumulative power generation over 25 years to be approximately 14,454 MU. According to RfS, the project will be commissioned within 24 months from the date of signing of the PSA.

Tejas networks announced that it has deployed its TJ1400 family of carrier-class FTTx and Packet Switched Network (PTN) solutions to deliver high-speed fiber connectivity services to businesses across the country for Tata Tele Business Services (TTBS). TTBS is a leading digital solutions provider offering a comprehensive suite of data, voice and managed services to businesses.

Dynacons Systems & Solutions Limited Received “Banking Deal of the Year” award from Versa Networks, a US-based multinational corporation and the recognized leader of a single vendor, Unified Secure Access Service Edge (SASE). This award is given in recognition of Dynacons’ outstanding performance of an SD-WAN deployment order from a leading public sector bank in India.

Greaves Electric Mobility Private Limited (GEMPL), the electronic mobility business of Graves Cotton Limited, entered into an agreement with Bike Bazaar Finance, a non-bank finance company registered with the Reserve Bank of India, specializing in retail financing for used and new cars. Under the agreement, Bike Bazaar Finance will finance GEMPL’s ELE-branded L3 electric vehicles. This partnership with E3W is a first for the bike bazaar and will initially roll out in UP and Bihar, with plans to expand nationwide in the near future.

HFCL Limited has secured an order of Rs 80.92 crore from Delhi Metro Railways Company (DMRC) Limited, to design, manufacture, supply, install, test and commission a Fiber Optic Transmission System (FOTS) for three priority lanes of Phase IV of the Delhi Metro project.

Inox Wind Approved the scheme of arrangement providing for the merger of Inox Wind Energy Limited (“IWEL” / “Promoter and Holding Company” / “Transferred Company”) into Inox Wind Limited subject to various regulatory approvals and compliances. The date set for the merger was set as July 1. Accordingly, 158 equity shares at par value of Rs 10 per share of IWL will be issued for every 10 equity shares of par value of £10 per share of IWEL and 158 equity warrants of IWL at an issue price of $54 each for every 10 equity warrants of IWEL with an issue price of $847 each. This consolidation aims to streamline and simplify the group structure by reducing the number of entities included.

Lakshmi Mills Company Limited It was announced that the tenant – Lulu International Private Limited commences operations of the hypermarket on 14th June at the company’s headquarters in Coimbatore, Tamil Nadu. The company’s rental income will add to the company’s revenue during fiscal year 24.

Ahluwalia Contracts (India) Ltd Won an order for the construction of civil construction, structure and offshore development works for the retail group at DIAL II, Aerocity, New Delhi, valued at Rs.426.57 crore. The order inflow for the current 24 financial year stands at $4,177.83 crores so far.

NBCC (India) Limited It earned a total business of ₹115.45 crore in May.