Top gainer: Shriram Finance 3,365 ▲ 85 (+2.6%)
Top loser: Nestle India 2,489 ▼ 37 (-1.4%)
KPIL shares rise as it bags orders worth ₹2,774 crore
The shares of Kalpataru Projects International Ltd. were trading in the green with an increase of 2%, hitting a high of ₹1,381.20 on the BSE after the company announced that it had secured orders worth ₹2,774 crore. As of 12:57 pm, the shares of the company were up by ₹7.50, or 0.52%, trading at ₹1,362.80 on the NSE. KPIL, one of the largest engineering and construction companies listed in India, along with its international subsidiaries, have secured new orders/notifications of awards of ₹2,774 crore, the company said in a statement on Thursday. Read more
Varun Beverages shares rally over 5% as stock trade ex-date after 2:5 stock split
Varun Beverages shares rallied more than 5% on Thursday, September 12, as the stock turned ex-split. The company, which is the second-largest franchisee of PepsiCo, had fixed September 12 as the record date for the stock split from the face value of ₹5 each into shares with a face value of ₹2 each. Every two Varun Beverage Ltd shares of a face value of ₹5 each held by investors turned into five shares of face value of ₹2 each on the record date, as per the proposal approved by shareholders earlier. Read more
Tata Steel signs a £500 million grant funding agreement with UK Government for £1.25 billion green steel project in Port Talbot
Tata Steel announced on Wednesday that the company has signed a £500 million grant funding agreement with the United Kingdom (UK) Government. The agreement pertains to a £1.25 billion green steel project in Port Talbot. Following the announcement shares of Tata Steel were trading by 0.78% at ₹149.32 per share. The company stated that the agreement will allow it to proceed at pace with the project to install an electric arc furnace at Port Talbot for steelworks in Wales. Tata Steel stated that the project will bolster the UK’s steel production along with preserving 5,000 jobs. The £1.25 billion project marks the largest investment in the UK steel industry in decades. Read more