Mumbai-based Hindustan Construction Company Ltd (HCC) said Jammu & Kashmir Bank Ltd has invested Rs100 crore in the form of convertible debentures in its unit Lavasa Corp Ltd.
Equity valuation of these debentures is about Rs12,000 crore, HCC said in a regulatory filing.
On Monday, HCC shares ended 1.2% down at Rs110 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.5% higher at 16,944 points.
Ferro alloy manufacturer, Rohit Ferro-Tech Ltd said it started commercial production of manganese alloys from its new, 100% export oriented unit (EOU) at Haldia.
In a regulatory filing, the company said production from the other five furnaces is expected to start one by one at an interval of two to three months. Kolkata-based Rohit Ferro-Tech manufactures high carbon ferro chrome, ferro manganese and silico manganese through submerged arc furnace route.
On Monday, the company’s shares ended 2.4% up at Rs45 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.5% up at 16,944 points.
Power transmission and distribution company, Diamond Power Infrastructure Ltd (DPIL) said it won an order, worth Rs117 crore, from Gujarat Urja Vikas Nigam Ltd for the supply of various products. The company has to complete this order in the next seven months, it said in a regulatory filing.
On Monday, Diamond Power Infrastructure shares ended 1.7% up at Rs179 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.5% higher at 16,944 points.