NTPC announced on 25 March 2016 that the unit-4 of 195 megawatts (MW) of Muzaffarpur Thermal Power Station of Kanti Bijlee Utpadan Nigam, a subsidiary company of NTPC has been commissioned on 24 March 2016. With this, the total installed capacity of Muzzafarpur Thermal Power Station has become 610 MW and the total installed capacity of NTPC group has become 45993 MW. The market remained closed on 24 and 25 March 2016 on account of holidays.
Tata Motors issued clarification after market hours on Wednesday, 23 March 2016 that workmen at its Sanand plant in Gujarat have called off the strike and resumed duty from 23 March 2016 and normalcy has been restored. Sanand is one of company's six plants in India and manufactures Nano and new hatchback car, Tiago. The company issued clarification after news report suggesting around 422 permanent workers had gone on strike at Sanand from 22 February 2016, demanding the re-instatement of 28 suspended workers.
DLF turns ex-dividend today, 28 March 2016 for interim dividend of Rs 2 per share for the year ending 31 March 2016 (FY 2016).
Bharat Heavy Electricals (Bhel) announced on 25 March 2016 that it has commissioned 600 MW coal-based thermal power plant at the upcoming 1200 MW Singareni Thermal Power Project located in Adilabad district in Telangana.
ITC announced on 24 March 2016 that it has acquired the entire equity share capital of Technico Agri Sciences, India, from Technico Pty Limited, Australia, thus Technico Agri Sciences becoming a direct subsidiary of the company with effect from 22 March 2016. Prior to such acquisition, Technico Agri Sciences was a wholly owned subsidiary of Technico Pty Limited, which in turn is a wholly owned subsidiary of ITC.
Reliance Communications (RCom) announced that based on the good progress made so far, it has extended the exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments, the shareholders of Aircel by 60 days to 22 May 2016, to consider the potential combination of the Indian wireless business of RCom and Aircel. The deal if happens could mutually derive the expected substantial benefits of in-country consolidation, including opex and capex synergies and revenue enhancement. The discussions are non-binding in nature. Any transaction is subject to completion of due diligence, definitive documentation and regulatory, shareholders' and other third party approvals. Hence, there is no certainty that any transaction will result. The announcement was made after market hours on Wednesday, 23 March 2016.
CMI announced that a meeting of the board of directors of the company will be held on 30 March 2016, to consider the merger of wholly owned subsidiary, CMI Energy India (formerly known as General Cable Energy India), with the company. The announcement was made after market hours on Wednesday, 23 March 2016.
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Gujarat Fluorochemicals announced on 25 March 2016 that Inox Wind Infrastructure Services, a step down subsidiary of the company acquired 100% shares of Sarayu Wind Power (Kondapuram) with effect from 25 March 2016. Sarayu Wind Power (Kondapuram) has become step down subsidiary of the company after the acquisition.
Natco Pharma announced on Sunday, 27 March 2016 that an inspection was conducted by the United States Food & Drug Administration (USFDA) in two of its manufacturing facilities recently namely in the Active Pharmaceutical Ingredients (API) manufacturing facility at Manali, near Chennai, and the Pharmaceutical Formulations facility at Kothur, near Hyderabad, during early February and March, 2016, respectively. The company has received 483 observations for both facilities and believes them to be of minor in nature. The company has already sent response and compliance report for these observations and believes that there would be no adverse impact to its current or future pipeline products coming from these facilities.
Kesar Petroproducts announced on Saturday, 26 March 2016 that a meeting of the Board of Directors of the company will be held on 31 March 2016, to consider and allot equity shares upon conversion of warrants earlier issued to preferential basis.
Balasore Alloys announced on Saturday, 26 March 2016 that a meeting of the committee for preferential issue of warrants of the Board of Directors will be held on 31 March 2016 for allotment of 80 lakh equity shares of Rs 5 each at price of Rs 17 including premium of Rs 12 per shares in lieu of 80 lakh convertible warrants to the promoters on preferential basis, pursuant to the authority given by the shareholders in the Annual General Meeting held on 29 September 2015.
Himadri Chemicals & Industries announced on Saturday, 26 March 2016 that the stakeholders relationship committee of the Board of Directors of the company at its' meeting held on 25 March 2016 has allotted 3.26 crore equity shares at a price of Rs19 per share aggregating to Rs 62.08 crore on preferential basis to the promoter group company.
Kaya announced on Saturday, 26 March 2016 that Kaya Middle East, DMCC, a foreign subsidiary of Kaya, along with its local partner has additionally acquired 10% of beneficial interest in Iris Medical Centre LLC situated at Abu Dhabi (IRIS) through Memorandum of Assosication & Assignment of shares of IRIS on 24 March 2016. Thus, Kaya Middle East DMCC now holds 85% beneficial interest in IRIS.
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