Tata Steel 

Tata Steel India achieved the highest-ever annual crude steel production of 19.06 million tons, with a growth of 13% YoY despite the COVID 2nd wave related disruption early in the financial year. Tata Steel India deliveries increased by 6% YoY in FY22, surpassing the previous best recorded in FY21. Tata Steel Europe steel production in FY22 grew by 6% YoY and total deliveries increased by 2% YoY, driven by a broad-based improvement in most steel-consuming sectors.

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The company has made a strategic investment and agreed to acquire a 6.64% stake in COPE Health Solutions, a leading U.S. healthcare consulting, implementation, and co-management leader in value-based care and payment, workforce development and data analytics, to expand its healthcare business.

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Tata Steel Long Products 

Its crude steel production grew by 6% YoY in FY22, despite the disruption caused by the COVID 2nd wave and the shutdown of one of the blast furnaces for a few weeks during Q4FY22. Steel sales volumes have increased by 2% YoY in FY22, with a higher share of rolled product sales enabled by customer approval and continued mix enrichment.

KEC International 

The company has secured new orders of Rs 945 crore across its various businesses. The transmission & Distribution (T&D) business has secured orders for T&D and Cabling projects in India, SAARC, the Middle East, and the Americas.

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Rain Industries 

Due to a lower allocation of raw petroleum coke (RPC) by the Directorate General of Foreign Trade (DGFT) for FY23 than in the previous years, the lack of sufficient raw materials has now reached a level necessitating that subsidiary RAIN shuts down one Kiln, until further notice. Subsidiary Rain CM Carbon (Vizag) (RAIN) is facing an RPC shortfall to the tune of 40%. Apart from calcined petroleum coke (CPC), the shutdown of RAIN’s Kiln will also result in a net loss of 20 MW of waste-heat power generation to the grid. RAIN has two Kilns for the manufacture of CPC at Visakhapatnam, Andhra Pradesh.

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Ruchi Soya Industries Ltd 

The company approved the allotment of around 66.1 million shares to raise an amount of Rs 4,300 crore.

Tata Power Company 

Resurgent Power Ventures, co-sponsored by Tata Power and ICICI Bank and has other global reputed investors, has completed the acquisition of NRSS XXXVI Transmission, a special purpose vehicle to establish and operate transmission system in the Northern Region along with LILO of SikarNeemrana 400kV D/C line at Babaion on build-own-operate-maintain (BOOM) basis. Resurgent Power Ventures was set up to acquire stressed assets in the Indian Power Sector.

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Torrent Power 

The company has raised Rs 600 crore through the issuance of 6,000 non-convertible debentures (NCDs) on a private placement basis.

TVS Motor Company 

The company and Jio-bp have agreed to explore the creation of a robust public electric vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space. Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles.

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Bandhan Bank 

The bank reported a 16% year-on-year (YoY) rise in its total advances for the quarter ended March at Rs 1.01 lakh, as per an exchange filing by the bank. On a sequential basis, the bank’s total loans grew 15%.


The FMCG company in its BSE filing said revenue growth in Q4FY22 was in the low single digits, while volumes were marginally positive on an exceptionally high base (25%), leading to double-digit volume growth on a 2-year CAGR basis. Parachute Coconut Oil volumes were marginally lower year-on-year, mainly due to a daunting base (29%). Value-Added Hair Oils grew in low single digits in value terms. The International business delivered double-digit constant currency growth on a strong base, with all markets faring well. Consolidated revenue growth in the quarter touched high-single digits.

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IIFL Finance 

The company bought back overseas bonds worth $50 million at par, funded by a loan from a global bank, which will reduce its cost of funds by approximately 225 basis points (bps) on the transaction.

Tata Consultancy Services 

Kansas Department of Labour (KDOL) has selected TCS to build a modern, secure, web-based system for the state’s unemployment insurance program. This will help transform a legacy mainframe platform from the 1970s into a cloud-based system that dramatically improves the delivery of services to Kansas residents.

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The company has inked a licensing pact with Alvion Pharmaceuticals to commercialise medicines for cardiometabolic diseases in Southeast Asia.


The company has inked a pact with Gujarat Gas Ltd for an initiative to blend green hydrogen with the piped natural gas (PNG) supplied by the latter.

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Coal India Ltd. 

The company is restricting deliveries to industrial consumers to prioritize power plants, with fuel stockpiles already below target levels and the country heading into a traditional summer demand peak.