Walchandnagar Industries
Steiner AG sells its construction arm to Demathieu Bard for Rs 928 cr
Steiner AG, the wholly-owned subsidiary of Hindustan Construction Company (HCC), on Friday said it has concluded the sale of its construction business subsidiary, Steiner Construction SA, to Demathieu Bard for approximately CHF 98 million (Rs 928 crore). Demathieu Bard is an international construction group headquartered in France. HCC in a statement said for 2022-23, Steiner Construction posted a turnover of CHF 347 million (Rs 3,076 crore) and was operating 30 projects. Demathieu Bard Group Managing Director Stphane Monceaux said the acquisition of Steiner Construction SA is a major milestone for the Demathieu Bard Group. "We are strengthening our international presence and consolidating our position as a benchmark company in the construction sector. Demathieu Bard makes its biggest acquisition ever with the integration of Steiner Construction SA," he said. Zurich-headquartered Steiner AG, which was founded in 1915, is a real estate service provider with a focus on project ...
 "Steiner AG sells its construction arm to Demathieu Bard for Rs 928 cr")
Walchandnagar Ind hits 20% upper circuit after winning order from ISRO
The order is towards manufacturing and supply of Head, Middle and Nozzle End segments (total 30 nos) for the GSLV M Klll launch vehicle.
 "Walchandnagar Ind hits 20% upper circuit after winning order from ISRO")
Defence shares in focus; Walchandnagar Industries up over 10%
Astra Microwave, Reliance Defence and Nelco were up more than 5% each as compared to 0.19% rise in Sensex.
 "Defence shares in focus; Walchandnagar Industries up over 10%")
