Stocks of Dabur India Ltd., LIC Ltd., Adani Ports and Special Economic Zone Ltd., JSW Cement Ltd. and RailTel Corporation of India Ltd. will catch investors' attention on Tuesday.
Here are the notable corporate announcements that came after Monday's market hours:
Stocks In News
Adani Ports: In its February business update, total handled cargo volume rose 16% YoY to 42.5 MMT, while logistics rail volume grew 3% to 52,101 TEUs.
Cipla: The company incorporates a new arm, Cipla Middle East, and forms a 60:40 JV with Kemwell Biopharma to manufacture biologics globally.
UltraTech Cement: The board will meet on April 27 to consider Q4 results; meanwhile, the company will acquire a 26% stake in AMPIN C&I Power Forty Four for Rs 15 crore.
Dabur: The company will acquire a minority stake in luxury skincare D2C brand RAS Beauty for Rs 60 crore.
LIC: The company extends the tenure of its Chief Financial Officer, Sunil Agarwal, by one year.
JSW Cement: The company is declared the preferred bidder for the Sikilangso limestone block in Assam.
IOL Chemicals: The company completes capacity enhancements for Ethyl Acetate (to 1.2 lakh MTPA) and Acetic Anhydride (to 32,000 MTPA) with a total capex of Rs 9.7 crore.
RailTel Corp: The board will meet on March 9 to consider a dividend proposal for the current financial year.
Jubilant Foodworks: The company plans to appeal to the Allahabad High Court following an adverse I-T Appellate Tribunal order regarding the FY16 assessment.
Adani Enterprises: Its arm, Kutch Copper, divests its entire 50% stake in the joint venture Praneetha Ecocables.
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