Mar 17, 2022By: Bhakti Makwana
The company will enter into a joint venture with Highly International (Hong Kong), a wholly-owned subsidiary of Shanghai Highly (Group) Company.
The company informed that it has completed the streamlining and reorganisation of its renewable and thermal power businesses.
The company has approved an interim dividend of ₹2.5 per share for the current financial year 2021-22.
The automaker is looking to increase its stake in Carnot Technologies to 52.69 percent with an investment of around ₹14 crore.
The company’s subsidiary Numaligarh Refinery will invest ₹6,555 crore for the implementation of the petrochemical project in Assam.
The company has completed the acquisition of Essar Power, a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, for ₹4,250 crore for 1200 MW power plant.
Aviation turbine fuel prices have been hiked over 18.3 percent to a record high putting pressure on these company’s financials.
Shares of SpiceJet and InterGlobe Aviation (Indigo) will be in focus.
The company’s board will meet on March 22 to consider raising funds via bonds, in one or more tranches, on a private placement basis.