Stock Corner
1.
The GST
Anti-Profiteering Body ruled that Hindustan Unilever (HUL) profiteered to the
extent of Rs535cr against the company’s claim of Rs160 crore.
2.
Vedanta said
it will set up a new steel plant in Jharkhand with a capacity of 4.5 mn tonne
(MT) per annum at an investment of $3-4 bn.
3.
Autoline
Industries entered into MOU with Poddar Habitat to transfer land at Chakan,
Pune. The company will utilize the sale proceeds to settle debt that has a
charge on the above said immovable property and reduce overall debt exposure of
the company.
4.
Suprajit
Engineering expects second half of current financial year to be better.
Consolidation of auto component space to gather pace; open for both strategic
asset purchases and acquisition.
5.
Vadilal
Industries defers limited review report. The company said audit committee and
board of directors have not been able to conclude on certain matters.
6.
Nagarjuna
Fertilizers said that the company it is in process of a long-term debt
resolution with its lenders. It has also restarted production of Urea from Unit
1 of Kakinada plant.
Missed call
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