HDFC after market hours on Friday, 10 April 2015, announced a reduction in its retail prime lending rate (RPLR) by 20 basis points, with effect from 13 April 2015. The reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs). HDFC has also revised its deposit rates.
HDFC also said that it has received an approval from Reserve Bank of India (RBI) to raise external commercial borrowing (ECB) of up to $500 million. The approval is valid for a period of six months, HDFC said.
Reliance Industries (RIL) after market hours on Friday, 10 April 2015 announced successful commissioning of PET resin (polyethylene terephthalate) capacity at Dahej, Gujarat. The plant consists of two lines with a combined manufacturing capacity of 650 KTA. The plant has been built with Invista Technology for Continuous Polymerization and Buhler AG Technology for Solid State Polymerization. This is one of the largest bottle-grade PET resin capacity at a single location globally. This consolidates RIL's position as a leading PET resin producer with a global capacity of 1.15 MMTPA. PET resin from the new capacity would find application in packaging for water, carbonated soft drinks, pharmaceuticals and other food & beverages, RIL said in a statement.
L&T on Saturday, 11 April 2015 said that the company and France based AREVA have signed a memorandum of understanding (MoU) for cooperation to maximize localization for the EPR Nuclear Power plant to be built at Jaitapur, Maharashtra. AREVA's EPR nuclear reactor is a third generation advanced pressurized water reactor, L&T said in a statement.
Sun Pharmaceutical Industries (Sun Pharma) after market hours on Friday, 10 April 2015, said that the allotment committee of the board of directors approved pursuant to merger of erstwhile Ranbaxy into the company, allotment of 33.49 crore equity shares of Re 1 each to the shareholders of erstwhile Ranbaxy in the ratio of eight equity shares of Re 1 each of the company for every ten equity shares of Rs 5 each of erstwhile Ranbaxy held. The committed also approved allotment of 5,000 secured rated redeemable 9.2% non-convertible debentures of the face value of Rs 10 lakh each to the NCD holders of erstwhile Ranbaxy in the ratio of one NCD of Rs 10 lakh each of the company for every one NCD of Rs 10 lakh each held in erstwhile Ranbaxy.
NTPC on Saturday, 11 April 2015 said that that unit no. 3 of 200 megawatts (MW) of Koldam Hydro Power Project has been commissioned on 10 April 2015. With this, the total installed capacity of Koldam Hydro Power Project has become 600 MW and the total installed capacity of NTPC group has become 44,598 MW.
SKS Microfinance on Saturday, 11 April 2015 said that it has issued commercial papers of an aggregate amount of Rs 50 crore on 10 April 2015, which have been rated 'A1+' by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate commercial paper outstanding as on date is Rs 145 crore, SKS Microfinance said.
GVK Power & Infrastructure on Saturday, 11 April 2015 said that the 330 megawatts (MW) (4x82.50 MW) Alaknanda Hydro Power Company, a step down subsidiary of the company has successfully synchronised its first unit of 82.50 MW with the grid on 10 April 2015 and is generating at full load. The synchronisation of second and third units with the grid are expected during this month and the last unit (fourth) is likely to be commissioned by next month, GVK Power said.
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