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Grasim Inds, Bank of India, GMM Pfaudler in focus

On a consolidated basis, Grasim Industries net profit jumped 14% to Rs 1,715 crore on 26% increase in revenue from operations to Rs 24,398.92 crore in Q4 March 2021 over Q4 March 2020. Bank of India said that the bank has decided to exercise call option on Bank of India Tier II Bonds Series XIII and declare 6 June as Record Date for this purpose. The bonds were issued on 7 July 2016 and carry a coupon rate of 8.57% pa, payable annually with call option on 7 July 2021. GMM Pfaudler (GMMP) has announced that it has commenced manufacturing operations at its facility at Vatva near Ahmedabad on May 24, 2021. The new facility will immediately enhance the company s capacity in Heavy Engineering while freeing up capacity in Karamsad to expand our Glass Lining business.

Another bullish day may lift Nifty above 15,300 - The Hindu BusinessLine

Another bullish day may lift Nifty above 15,300 May 25, 2021 Declining Covid cases, positive global cues to boost sentiment Positive global cues coupled with declining Covid-19 cases will likely keep the bull momentum going for the Indian markets on Tuesday as well. However, according to analysts, markets will see heightened volatility due to expiry of May month derivative contracts on the NSE on Thursday. According to them, the current trend in F&O suggests better rollover of long positions. The SGX Nifty futures is currently ruling at 15,333 (8 am IST) and indicates at least a 100-point gap-up opening for Nifty. The Nifty May and June futures on Monday closed at 15,202.65 and 15,230.95 respectively.

GMM Pfaudler starts operations at acquired facility at Vatva

GMM Pfaudler starts operations at acquired facility at Vatva May 24, 2021 Had emerged the successful bidder to acquire assets HDO Technologies GMM Pfaudler Ltd (GMMP) on Monday commenced manufacturing operations at its facility at Vatva near Ahmedabad, the company said. GMMP had emerged as the successful bidder to acquire the assets of HDO Technologies Ltd, Vatva in a liquidation process in March. Technology process solutions provider GMMP had acquired the assets including factory land, building, plant and machinery, office equipment, computers, furniture and fixtures, vehicles and capital work in progress owned by HDO Technologies through an e-auction for a consideration of ₹58.46 crore.

GMM Pfaudler commences manufacturing operations at its facility at Vatva, Ahmedabad

GMM Pfaudler commences manufacturing operations at its facility at Vatva, Ahmedabad
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GMM Pfaudler commences manufacturing operations at its facility at Vatva

GMM Pfaudler has announced that it has commenced manufacturing operations at its facility at Vatva near Ahmedabad on 24 May 2021. GMMP had acquired the assets (factory land, building, plant and machinery, office equipment, computers, furniture and fixtures, vehicles and capital work in progress) owned by HDO Technologies (in Liquidation) through an e-auction in March 2021. The new facility, which signals GMMP s long-term commitment towards meeting the demands of its customers, will immediately enhance the company s capacity in Heavy Engineering while freeing up capacity in Karamsad to expand our Glass Lining business. The state-of-the-art facility in Vatva, spread over 11.9 acres with seven manufacturing bays (built-up area of 23,617 square meters) is equipped to manufacture a wide range of Heavy Engineering equipment with a crane lifting capacity of 200 metric tonnes, deep-hole drilling (up to 1 meter) capabilities, plate rolling capabilities up to 110 milimeters, strip claddin

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