Market & News

Bata India announced that the requisite approval has been received on 13 April 2021, from the Regional Director (MCA) in terms of the provisions of Section 233 of the Companies Act, 2013 (as amended) and the rules made thereunder, for the Scheme of Amalgamation between Coastal Commercial & Exim (Transferor Company) and Bata Properties (Transferee Company).

Ambuja Cements will hold a meeting of the Board of Directors of the Company on 29 April 2021.

Hero MotoCorp will hold a meeting of the Board of Directors of the Company on 6 May 2021..

Hindustan Unilever will hold a meeting of the Board of Directors of the Company on 29 April 2021..

Sanofi India will hold a meeting of the Board of Directors of the Company on 27 April 2021..

The Heavy Engineering arm of Larsen & Toubro has won significant contracts for its various business segments in Q4 of FY21.

Nuclear : L&T Heavy Engineering has secured order for 12 Steam Generators (SGs) from NPCIL for the prestigious 3 x 700 MWe Pressurized Heavy Water Reactor (PHWR) strengthening its position as a key Nuclear power equipment supplier for Government of India's fleet mode procurement program. Fleet order for Reactor Headers and Pressurizers for GHAVP 1E2 Units were received in the earlier quarter. The fleet program consists of constructing 10 units of 700 MWe PHWR with indigenous technology. Steam Generators, Reactor Headers and Pressurizers are critical equipment of Nuclear Island of the power plant.

Refinery, Petrochemicals, Oil & Gas: L&T Heavy Engineering also won a Critical Reactor system package order for IOCL's Petrochemical Project against stiff international competition. This is an important step in indigenization of High technology equipment and another major contribution towards Government of India's Aatmanirbhar Bharat initiative.

Other notable orders include Hydroprocessing Reactors for the Renewable diesel & Biofuel Project for prestigious refinery majors from USA & Europe; Reactor with internals for IOCL Barauni and a service contract for IOCL Panipat PTA project.

Peninsula Land announced the appointment of Harsh Mehta as an Additional Director with effect from 14 April 2021.

Seshasayee Paper & Boards announced that CARE Ratings has re-affirmed the Credit Rating of [CARE A+] assigned to the Long Term Bank facilities of the Company, with outlook as "STABLE". CARE Ratings has also re-affirmed the Credit Rating of [CARE A 1+] assigned to the Short Term Bank facilities of the Company.

During the Financial Year 2020-21, there was no revision in the Credit Ratings assigned to the Company, for both Long Term and Short Term Bank facilities.

Tata Consumer Products will hold a meeting of the Board of Directors of the Company on 6 May 2021..

The Tata Motors Group global wholesales in Q4 FY21, including Jaguar Land Rover, were at 3,30,125 nos., higher by 43%, as compared to Q4 FY20.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q4FY21 were at 1,09,428 nos., higher by 55%, over Q4 FY20.

Global wholesales of all passenger vehicles in Q4 FY21 were at 2,20,697 nos., higher by 39% as compared to Q4 FY20.

Global wholesales for Jaguar Land Rover were 1,36,461 vehicles (**JLR number for Q4 FY21 includes CJLR volumes of 13,772 units). Jaguar wholesales for the quarter were 31,814 vehicles, while Land Rover wholesales for the quarter were 1,04,647 vehicles.

**CJLR – It is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR