Apr 7, 2021By: Rounak Jain
The company reported steel production of 7.4 metric tonnes in the March 2021 quarter as compared to 7.37 metric tonnes a year ago.
It has signed an agreement with Reliance Jio Infocomm to transfer the right to use a portion of its spectrum for a total consideration of ₹1,497 crore.
The company’s shares will be listed on the stock exchanges today.
It has become a co-promoter of Max Life Insurance after acquiring a 12.99 percent stake in the company.
It has registered its highest ever crude steel production at 1.86 lakh tonnes, growing at 19 percent year-on-year.
It has incorporated a subsidiary to undertake installation of rooftop solar for commercial, industrial, institutional and residential categories.
It has completed its fundraise of ₹3,000 crore by way of qualified institutional placement.
It will raise funds up to ₹300 crore by issuing securities.
It has joined the Vishwakarma Payments consortium for setting up a New Umbrella Entity (NUE) for retail payments.
The company has defaulted on loans worth ₹76.5 crore as of March 2021.