IDFC-Shriram merger called off on differences over swap ratio.
State Bank of India to lend $357 million to solar projects. JSW Energy to be on focus.
IOC gets green nod for Rs 273cr KSPL augmentation project.
Zen Technologies got Rs 224 crore order from Indian government.
JP Power: Brookfield & Resurgent power have bid for JP power. Bid has come in at 7000 cr, lower than lenders expectation of 10000 cr.
Titagarh Wagons in pact for JV with Italy’s MERMEC for Railway Signalling System.
Bharti Infratel to buy additional stake in Indus Towers to create world’s largest wireless tower operator.
BEL: Revenue at 2476 cr Vs poll 2027 cr. EBITDA at 595 cr vs poll 304 cr. Margin at 24% Vs poll 14.9%.
Automobile Corp of Goa (Q2FY18, YoY): Revenue up 39.2 % at Rs 142 cr. Net profit up 51 % at Rs 7.7 cr. EBITDA up 25.7 % at Rs 9.3 cr. Margin at 6.5 % from 7.3 %.
Stocks to watch:
Positive: #SRTRANSFIN #JSWENERGY #IOC #ZENTEC #JPPOWER #TWL #INFRATEL #BEL #ACGL