HCL Technologies
HCL Technologies, a leading global IT services company, has announced its partnership with ASAP Group, a German automotive engineering services company, in a deal worth ₹2,300 crore (approximately EUR 251.1 million). The agreement, revealed in an exchange filing on Wednesday, entails HCL Technologies acquiring a 100% stake in ASAP Group through an all-cash transaction conducted by its UK subsidiary, pending regulatory approvals. The completion of the acquisition is expected by September 2023.
L&T
Larsen and Toubro (L&T), a leading multinational engineering and construction company, has successfully provided a range of components for India’s upcoming lunar mission, Chandrayaan-3. The company’s contribution to the mission includes crucial elements such as the “middle segment and nozzle bucket flange,” which were manufactured at L&T’s state-of-the-art facility in Powai. Additionally, the ground and flight umbilical plates were produced at L&T’s esteemed aerospace manufacturing facility located in Coimbatore.
Wipro
Wipro Ltd shared its Q1 results on Thursday. They earned 23,479 crores in revenue this quarter, but that’s less than the 23,835.6 crores they made last quarter. Unfortunately, the company’s growth decreased by -1.50 percent when comparing the two quarters. In terms of profits, the company’s Consolidated PAT (Profit After Tax) for this quarter was 2870.1 crores, down from 3074.5 crores in the previous quarter. Their quarter-to-quarter growth decreased by -6.65 percent.
Angel One
Angel One shared its Q1 results on Thursday. They earned 811.1 crores in revenue this quarter, but that’s less than the 831.1 crores they made last quarter. Unfortunately, the company’s growth decreased by -2.41 percent when comparing the two quarters. In terms of profits, the company’s Consolidated PAT (Profit After Tax) for this quarter was 220.8 crores, down from 266.9 crores in the previous quarter. Their quarter-to-quarter growth decreased by -17.27 percent.
Tata Metaliks
Tata Metaliks shared its Q1 results on Thursday. They earned 653.94 crores in revenue this quarter, but that’s less than the 929.66 crores they made last quarter. Unfortunately, the company’s growth decreased by -29.66 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 4.55 crores, down from 55.56 crores in the previous quarter. Their quarter-to-quarter growth decreased by -91.81 percent.
Innovators Facade Systems
Innovators Facade Systems Limited, a leading company specializing in façade solutions, has recently been awarded significant contracts for the design, supply, fabrication, and installation of façade work. The company has emerged as the preferred choice for prestigious projects, demonstrating their expertise and commitment to excellence. The first contract entails the Ahan C1 Tower at Piramal Aranya in Mumbai, assigned by M/s. Glider Buildcon Realtors Private Limited. This project alone amounts to an impressive Rs. 27.21 crores. The second contract involves the Ahan C2 Tower, also situated at Piramal Aranya in Mumbai, and again awarded by M/s. Glider Buildcon Realtors Private Limited, with a contract value of Rs. 25.04 crores.
Rail Vikas Nigam Ltd
The Letter of Acceptance (LOA) for the project titled “Rehabilitation and Upgradation from 4 to 8 Lanes of Chandikhole-Paradip Section of NH-53 (Old NH-5A) from Km. 60.000 to Km. 76.646 (Package-4) in the State of Odisha on Hybrid Annuity Model (HAM) – 2nd Call” was recently given to Rail Vikas Nigam Limited (RVNL).
Senco Gold
The Kolkata-based jewellery merchant will make its stock market debut on July 14. The fixed price of 317 per share will be applied to the shares. According to industry analysts, Senco Gold Ltd. shares were trading at a premium of 128 rupees per share on Thursday on the unofficial market. Senco Gold’s $405 crore initial public offering (IPO) had a 73.34 times subscription rate at the time it closed. The IPO’s portion designated for qualified institutional buyers (QIBs) received 180 subscriptions.
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