Stocks to watch: Strides Arcolabs, VIP Industries, NTPC, L&T, ARSS Infra, Uflex
VIP Industries has reduced its debt from Rs 137 crore to Rs 40 crore in the space of over a year.
By ET Bureau |
MUMBAI: Strides Arcolab plans to raise around $200 million in two tranches to restructure high-cost debt that is hurting the company’s profitability and refinance its payment to South African pharmaceutical company Aspen for acquired assets.
VIP Industries has reduced its debt from Rs 137 crore to Rs 40 crore in the space of over a year.
Kishore Biyani is restructuring the financial services business of the Future Group, a move that could see retailer Pantaloon — the group’s flagship — sell its stakes in two insurers and a non-banking financial company, or NBFC, to a new holding company.
The government may amend its gas allocation policy to get around the rule that state-owned companies cannot start project before securing fuel linkage, allowing NTPC to start work on its numerous stranded power plants.
ARSS Infrastructure Projects announced that it has received a new work order from Commerce & Transport Dept, Govt. of Odisha on July 26, 2010 for Rs 560 million.
Larsen & Toubro has bagged Rs 6500 crore mega power plant order from Jaiprakash Group.
AKC Developers - 70% owned SPV of UTECH Developers, a wholly owned subsidiary of Uflex, has been setting up Municipal Solid Waste Processing Projects based on the integrated technology under joint venture M/s UTECH Developers. The company has decided to sell its entire shareholding in AKC Developers Ltd. to a third party.
VIP Industries has reduced its debt from Rs 137 crore to Rs 40 crore in the space of over a year.
Kishore Biyani is restructuring the financial services business of the Future Group, a move that could see retailer Pantaloon — the group’s flagship — sell its stakes in two insurers and a non-banking financial company, or NBFC, to a new holding company.
The government may amend its gas allocation policy to get around the rule that state-owned companies cannot start project before securing fuel linkage, allowing NTPC to start work on its numerous stranded power plants.
ARSS Infrastructure Projects announced that it has received a new work order from Commerce & Transport Dept, Govt. of Odisha on July 26, 2010 for Rs 560 million.
Larsen & Toubro has bagged Rs 6500 crore mega power plant order from Jaiprakash Group.
ADVERTISEMENT
AKC Developers - 70% owned SPV of UTECH Developers, a wholly owned subsidiary of Uflex, has been setting up Municipal Solid Waste Processing Projects based on the integrated technology under joint venture M/s UTECH Developers. The company has decided to sell its entire shareholding in AKC Developers Ltd. to a third party.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
