Trending Stocks: Airtel, PNB Housing, JSL, KPTL and others in news today

Jindal Stainless (Hisar) (JSHL) 

The company has become the first integrated stainless steel manufacturing company in India producing coils, sheets and plates, and among the select few in the world, to get certified with AS 9100D Certification, a Quality Management System for Aviation, Space, and Defence Organizations.

PNB Housing Finance 

The housing finance company has approved fundraising of up to Rs 2,500 crore through a rights issue.

Dr Reddys Laboratories

The company is focused on employee safety and business continuity in and around Russia, despite many Western companies pulling out from Russia in recent days. The company is monitoring evolving developments closely and preparing accordingly.

Biocon 

CRISIL has placed its ‘AA+’ rating on the long-term bank facilities of the company on ‘Watch with Developing Implications’, after the acquisition of biosimilar assets of US-based Viatris Inc by its subsidiary Biocon Biologics for $3.33 billion. The rating on the short term bank facilities has been reaffirmed at ‘A1+’.

Bharti Airtel

The company has entered into an agreement resulting in the acquisition of an aggregate 9.01% equity stake in Avaada CleanTN Project. The cost of acquisition is Rs 7.89 crore.

Gufic Biosciences 

The company entered the cancer immunology segment by undertaking research collaboration with Australia-based biotechnology company Selvax Pty Ltd.

Zydus Lifesciences 

The company has received final approval from the USFDA to market Nitroglycerin Sublingual Tablets in the strengths of 0.3 mg, 0.4mg and 0.6mg (US RLD: Nitrostat Sublingual Tablets). 

NTPC 

The state-owned power generation company said 660 MW unit-3 of its subsidiary Nabinagar Power Generating Company has successfully completed trial operation. And consequently the same has been included in the installed capacity of NTPC Group. With this, the total installed capacity of Nabinagar Power Generating Company and NTPC group has become 1,980 MW and 68,567.18 MW, respectively.

Kalpataru Power Transmission 

The company has incorporated a Wholly Owned Subsidiary namely ‘Kalpataru Power Chile SpA’ in the Republic of Chile. KPTL Chile proposes to foray into a similar business as that of the company.

Arvind

The company said its operations have fully resumed at the Ankur unit. Operations at the Ankur unit had been disrupted due to the disconnection of the effluent discharge connection. As a result, its revenue and EBIDTA have been reduced by approximately Rs 40 crore and Rs 10 crore respectively. The unit had contributed 5% of the consolidated revenue and 6% of the consolidated EBIDTA of the company for FY21.

Olectra Greentech 

The company has acquired 3,400 equity shares (34% stake) of Rs 10 each in Evey Trans (MHS) which is registered with the Registrar of Companies, Hyderabad. 

Genus Paper & Boards 

The company has incorporated a 100% Wholly Owned Subsidiary company by the name ‘Kailash Waste Solutions’ on March 9, 2022. The Company has subscribed initial capital of 10,000 Equity Shares of Rs. 10 each aggregating to Rs 1,00,000 in Wholly Owned Subsidiary.