Market & News

Bajaj Electrical

Bajaj Electricals announced the resignation of Mangesh Patil from the post of the Company Secretary and Compliance Officer of the Company with effect from 04 February 2020.

Intl. Combustion

International Combustion (India) announced that Ravi Ranjan Prasad, who had been serving on the Board of Directors of the Company as an Independent Director, has resigned from his position with effect from 11 November, 2019, due to personal reasons.

Nirlon

Nirlon will hold a meeting of the Board of Directors of the Company on 5 February 2020.

Prakash Inds.

Prakash Industries announced the resignation of Sunil Kumar as Independent Director of the Company with effect from 10 November 2019.

JBF Inds.

JBF Industries announced the appointment of Pravin Prajapati as CFO of the company with effect from 12 November 2019.

Aban Offshore

Aban Offshore announced that Bank lenders to a wholly owned subsidiary of the company have signed an Inter-Creditor Agreement (ICA) to undertake the process of formulation and implementation of a resolution plan for the debts owed to such lenders; also, certain step-down subsidiaries of the Company have engaged Pareto Securities AS and ABG Sundal Collier ASA to explore a possible capital raise based on a new structure involving the nine modern jack-up drilling rigs owned by step-down subsidiaries of the Company, in order to settle the debts owed by the Company's subsidiaries.

The Hi-Tech Gear

The Hi-Tech Gears announced that S.K. Khatri has stepped down from the post of Company Secretary w.e.f 16 November 2019 upon restructuring of official duties. Naveen Jain has been elevated to the post of Company Secretary of the Company based on the assessment of Nomination & Remuneration Committee and approval of the Board of the Company. The appointment is effective from 18 November 2019.

Finkurve Fin.

Finkurve Financial Services will hold a meeting of the Board of Directors of the Company on 25 November 2019.

B H E L

Bharat Heavy Electricals has commissioned two more pumping units each at Package-6 (7x116 MW) and Package-8 (7x139 MW) of Kaleshwaram Lift Irrigation Scheme (LIS).

With this, the company has successfully commissioned all 14 pumping units of these packages within a record period of six months and well within the scheduled time. These are very large size pump sets with each pump designed to lift 89 cumecs of water against a head of 100 to 125 metres.

Kaleshwaram is a greenfield irrigation project and is being developed by the Irrigation & CAD (I&CAD) department of the Government of Telangana. While, Package 6 is located in Peddapalli district, Package 8 is located in Karimnagar district of Telangana.

In LIS Package 6, water shall be lifted from Sripada Yellampalli reservoir to Medaram reservoir and in Package 8, water shall be lifted from discharge of Package 7 (near Ragampet Village) to Mid Manair reservoir.

Ashiana Housing

Ashiana Housing has obtained RERA registration (i.e. registration under the Real Estate Regulation and Development Act, 2016) of Phase 2 of “Ashiana Daksh” project in Jaipur.

“Ashiana Daksh” project is a residential project and has total saleable area of 7.04 lakhs sq. ft. The project consists of 2 BHK and 3 BHK units and is located at Jagatpura near Akshay Patra temple, Jaipur (Rajasthan).

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