IREDA, LTIMindtree, Dalmia Bharat, Marico, NBCC, & Other Stocks To Monitor
NBCC
In the regular course of business, the firm has received orders for Rs 369.05 Cr from the Institute of Chartered Accountants of India, the High Court for the State of Telangana, and Rani Lakshmi Bai Central Agricultural University in Jhansi.
Marico
Marico introduces four enticing gourmet-style flavors to its line of flavor-infused oats under its flagship brand, Saffola. For the first time, Nutty Chocolate and Apple ‘n’ Almonds, two delectably sweet flavors, will be available from the well-known Indian oat brand Saffola Oats. Along with expanding the selection of savory (masala) oats to include two more flavors: Spicy Mexicana and Cheesy Italia.
Bharat Dalmia
Dalmia Cement is reaffirming its commitment to house builders with the inclusion of celebrity Ranveer Singh as the Brand Ambassador and a powerful new brand positioning as the Roof Column Foundation (RCF) Expert.
LTIMindtree
The introduction of Navisource was announced by LTIMindtree, a worldwide supplier of technology consulting and digital solutions, a platform for self-sourcing powered by GenAI. Ten to fifteen percent off the overall procurement expenses is the platform’s goal, achieved via the use of AI-powered pricing and negotiating engine.
Balrampur Mills of Chini
Balrampur Chini Mills Limited announces the forward integration of its forthcoming PLA (Polylactic Acid) manufacturing endeavor in addition to company diversification. The Honourable Prime Minister of India has put forward sustainability goals for mitigating climate change, which the new PLA project aligns with. The new project will facilitate the establishment of India’s first industrial bio-plastic factory. This new project is predicted to cost Rs. 2000 crores and should take around 2.5 years to complete in stages. Assisting India in achieving net zero emissions by 2070 is its aim. The proposed project will build India’s first industrial bioplastic factory, and it is expected to be finished in 30 months. At the “global” scale, the state-of-the-art PLA facility will command an incredible capacity of 75,000 t/a.
Torrent Strength
Hon. Prime Minister Shri Narendra Modi laid the foundation stone on Monday for four projects in Uttar Pradesh that would need an investment of around Rs 25,000 crores. Torrent Power is in the process of building the projects. It is projected that the four projects would provide direct and indirect job opportunities to around 8,000 people in the State.
Development Agency for Renewable Energy in India
To support renewable energy projects throughout the nation, Punjab National Bank (PNB) and Indian Renewable Energy Development Agency Ltd. (IREDA) have signed a Memorandum of Understanding (MoU). The agreement, which was signed yesterday at the Registered Office of IREDA in New Delhi, provides opportunities for joint efforts in co-lending and loan syndication for a variety of renewable energy projects.
Power Grid Power Grid Corporation of India granted investment approvals for the Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project – Northern Region SLDCs)” at an estimated cost of Rs. 514.66 crore with a commissioning schedule of 15.11.2025 and the augmentation of a 765/400 kV, 1500 MVA transformer (4th) at Bhiwani S/s (Delinked from Transmission System for evacuation of power from RE parks in Leh (5 GW Leh-Kaithal Transmission corridor)” at an estimated cost of Rs. 141.09 crore, which is scheduled to be commissioned by 05.05.2025, or eighteen months after the MoP OM was issued.
