Stocks of NTPC Ltd., Dredging Corporation of India Ltd., Coal India Ltd. , RailTel Corp. and Tata Motors Ltd. will catch investors' attention on Monday.
Here are the notable corporate announcements that came after Friday's market hours:
- Ceigall India: The company's arm has received a letter of award for a Rs 603 crore project, which includes an 18-month construction period and will be executed under hybrid annuity mode.
- Dredging Corporation of India: The current order book stands at approximately Rs 1,400 crore. The company is targeting Rs 3,000 crore turnover within the next 5–10 years and is focusing on a Rs 1,000 crore equity raise via a rights issue, improving dredger productivity by 10–15%, modernising ageing assets, strengthening maintenance systems, and addressing workforce gaps through hiring and training.
- Coal India: The company has formed a joint venture with Damodar Valley Corporation for power generation, transmission, distribution and allied activities. The JV will see an equity infusion of Rs 3,133 crore and debt infusion of Rs 7,310 crore.
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- Indian Overseas Bank: The bank has received a Rs 643 crore tax demand for AY17 and is in the process of filing an appeal. The bank has also received a separate tax demand of Rs 1,743 crore from the Income Tax Department.
- Tata Motors: The company said the disruption at the JLR plant is short-term and limited in scope due to a part supply constraint. A temporary production pause has been initiated at the Solihull manufacturing facility, and the company does not anticipate any material impact.
- RailTel Corporation: The company has received an LoI worth Rs 444 crore for system integration for KSWAN 3.0. The KAVACH order book stands at Rs 1,000 crore, and the total order book stands at Rs 10,166 crore. The company has also received a Letter of Acceptance worth Rs 13 crore from Mumbai Port Authority.
- G R Infraprojects: The company has emerged as the L1 bidder for a Rs 1,454 crore project from NHAI.
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- Thermax: The company has received a Rs 1,600 crore order for a 1x800 MW thermal power plant.
- KNR Constructions: The company has received a Rs 1,734 crore Letter of Acceptance from NHAI for a road project.
- NTPC: The company has approved an investment of Rs 5,821.90 crore for a Battery Energy Storage System and an additional equity commitment of Rs 3,173.67 crore in Meja Urja Nigam.
- Dilip Buildcon: The company has received a Rs 698 crore LoA for the construction of a flood protection embankment on the Narmada river.
- Enviro Infra Engineers: The company has received a Rs 664 crore LoA from NTPC for BESS projects in two states.
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