Jun 11, 2021By: Rounak Jain
Shares of the government-owned coal mining company surged by nearly 5 percent to touch a day’s high of ₹165 as of 10 am.
It has entered into an agreement to manufacture anti-COVID-19 drugs Molnupiravir and 2-DG.
Shareholders with partly paid-up equity shares will get a dividend of ₹3.5 per share – half of the ₹7 dividend that the company had declared.
It will seek shareholders’ approval for a proposal to issue bonus shares. The meeting is scheduled for June 17.
The beleaguered bank will seek shareholders’ approval to raise ₹10,000 crore via non-convertible debentures.
BEML, Bharat Heavy Electricals, CG Power and Industrial Solutions, Cochin Shipyard, Deccan Cements, DFM Foods, DLF, Heranba Industries, Likitha Infrastructure, Lumax Industries, Sun TV Network.
It has approved the proposal to raise ₹4,300 crore via issue of non-convertible corporate bonds in the financial year 2021-22.
It has won a ₹287 crore project alongside its subsidiary IDL Explosives from Coal India.
Its net loss in the March 2021 quarter narrowed to ₹10 crore from ₹249 crore a year ago. Revenue registered a decline to ₹2,961 crore from ₹3,014 crore, year-on-year.
It has reduced the benchmark one-year marginal cost of funds-based lending rate (MCLR) to 7.35 percent, down by 0.05 percent. It will be effective from June 12, 2021.
It has identified and declared three non-performing accounts as fraud, worth ₹144 crore, to the RBI.
Its subsidiary, Godrej Projects Development, has acquired a 20 percent stake in Vagishwari Land Developers for ₹30 crore.