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Orient Cement rises 10% as co reports profit in Q1

2017-07-27 moneycontrol
Share price of Orient Cement rose 10 percent intraday Thursday as the company turned profitable in the quarter ended June 2017.

Reliance Industries, IT stocks help Sensex gain 124 pts, Nifty hold 9900; telecom dips

2017-07-21 moneycontrol
The market regained momentum in last hour of trade Friday, with the Nifty closing above 9,900-mark despite weakness in global peers. The recovery was driven by Reliance Industries, technology and select banks stocks while telecom, infra and healthcare stocks capped the upside.

JSW Energy-Jaiprakash Power deal may be shelved

2017-07-20 thehindubusinessline
JPVL lenders might not approve sale of 500 MW Bina plant, while JSW eyes new verticals

JSPL#39;s plant buy on track, may close by June 2018: JSW Energy

2017-07-16 moneycontrol
The deal with regard to buying JSPL's 1,000 MW power plant in Chhattisgarh is on track and is likely to close by June next year, JSW Energy has said.

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JSPL's plant buy on track: JSW Energy

2017-07-16 economictimes.indiatimes
NEW DELHI: The deal with regard to buying JSPL's 1,000 MW power plant in Chhattisgarh is on track and is likely to close by June next year, JSW Energy has said.

JSW Energy's acquisition of Jaiprakash Power Bina plant deferred till Dec

2017-07-14 thehindubusinessline
The deal inked in 2015 between JSW Energy Ltd and Jaiprakash Power Ventures Limited (JPVL) for 500 megawatt (MW) Bina thermal power plant in Madhya Pradesh has been postponed till December 31, 2017 from an earlier set deadline of May 31, 2017, JSW Energy said in its annual report. The enterprise value of the deal was estimated at Rs 2,700 crore.

Deutsche Bank MD Ravi Shankar quits, to join JPMorgan India

2017-06-27 livemint
Ravi Shankar, who quit Deutsche Bank in May, will join JPMorgan India’s investment banking team as its MD by mid-August

Sensex slips 180 pts, Nifty manages to hold 9500; JP, Adani Groups stocks rally

2017-06-27 moneycontrol
After three weeks of consolidation, equity benchmarks hit one-month closing low Tuesday as the Sensex shed 291 points intraday on correction in major sectors - banks and technology. Likely increase in banks' provisioning in FY18 and profit booking could be main reasons for selling pressure on first day of truncated week, as experts continuously saying the market currently is highly valued with pricing in all major positives.

Jaypee Group stocks surge

2017-06-13 indiainfoline
Jaypee Group stocks viz. Jaiprakash Associates Ltd, Jaiprakash Power Ventures Ltd and Jaypee Infratech Ltd were trading higher in Tuesday’s trading session.

Orient Cement to acquire 2 units from Jaypee for Rs1,946 crore

2017-05-31 livemint
Orient Cement Ltd says it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs1,946 crore

Orient Cement expects to complete Jaypee units acquisition by March 2018

2017-05-31 thehindubusinessline
CK Birla Group firm Orient Cement Ltd is in the process of acquiring two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for Rs 1,946 crore.

Orient Cement to acquire 2 units from Jaypee for Rs 1,946 cr

2017-05-31 moneycontrol
CK Birla Group firm Orient Cement Ltd today said it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore.

Key benchmarks continue range-bound trading

2017-05-30 indiainfoline
Key benchmark indices were range bound in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex was up 48.99 points or 0.16% at 31,158.27. The Nifty 50 index rose 11.50 points or 0.12% at 9,616.40. Hopes of timely arrival of monsoon rains aided small gains on the bourses.

JPVL Q4 net loss shrinks to Rs 230 crore

2017-05-29 livemint
JPVL’s standalone fourth quarter net loss after taxes, minority interest and share of profit was Rs335.57 crore in the year- ago period

Company news

2017-05-26 thehindubusinessline
CG Power and Industrial Solutions informed the exchanges on Friday that it has received an offer for acquisition of the company’s power business in the US. The board has approved sale of CG Power Systems USA Inc (PSUS) and has consituted a committee to consider the offer and decide on the terms and conditions of acceptance of offer. The company has requisite shareholder approval for the divestment.

BHEL commissions 1,980 MW Super critical Thermal Power Plant in UP

2017-05-24 freepressjournal.in
New Delhi : With the commissioning of the third unit of the 3×660 MW Prayagraj Super Thermal Power Project (PSTPP), Bharat Heavy Electricals Limited (BHEL) has successfully executed the 1,980 MW coal-based supercritical thermal power project in Uttar Pradesh.

Company news

2017-05-23 thehindubusinessline
Hindustan Dorr-Oliver on Tuesday sought the advice of stock exchanges for announcing the company’s results. With the Insolvency and Bankruptcy Code in place from April 21, the management of the company has been vested with the Interim Resolution Professional appointed by the National Company Law Tribunal, Mumbai Bench. “Since the powers of the Board of Directors stand suspended and can only be exercised by the IRP, please advise us on the procedure/process to be followed for approval of the financial statements of the company under listing obligations,” the company said in a statement to the exchanges.

BHEL commissions third unit of 1,980 MW Prayagraj plant in UP

2017-05-23 thehindubusinessline
State-run power equipment maker BHEL today said it has commissioned the third unit of the 1,980 MW Prayagraj super thermal power project in Uttar Pradesh.

Bhel commissions 3rd unit of 1,980 MW Prayagraj plant in UP

2017-05-23 moneycontrol
State-run power equipment maker BHEL today said it has commissioned the third unit of the 1,980 MW Prayagraj super thermal power project in Uttar Pradesh.

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