Stocks in news: SMS Pharma, Patel Engineering, Vedanta, HG Infra, SJVN
SMS Pharma
The European Directorate for the Quality of Medicines & HealthCare conducted a GMP inspection of the company’s API manufacturing facility in Andhra Pradesh from February 28 to March 1. A report on the same is awaited.
Patel Engineering
Patel Engineering, in collaboration with its joint venture partner, has been awarded the letter of acceptance (LOA) by the Irrigation & CAD Department, Government of Telangana for a contract valued at Rs 525.36 crore.
Read more: Here's the trade setup for today's session
HG Infra
HG Infra has received a letter Of acceptance for a project worth Rs 447 crore from South Central Railway.
Tata Stocks
Tata Sons Chairman N Chandrasekaran said the conglomerate would continue to uphold the legacy of its founder Jamsetji Tata, and remain committed to the principles of integrity, innovation and social responsibility.
Vedanta
Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, does not foresee a rollover of its loans and plans to deleverage as much as $3 billion debt over the next three years, a senior official said at an analyst meeting.
SJVN
State-owned power producer SJVN'S arm SJVN Green Energy has bagged a 200 MW solar project in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam.
RIL
The Reliance Industries-Walt Disney Company deal to merge Viacom18 and Star India could create a media giant with profitable entertainment, but lossmaking sports and streaming businesses, a report said.
NMDC
State-owned miner NMDC posted around 13%
