NLC India on Friday announced that it has raised Rs 300 crore through issue of commercial paper.In an exchange filing, the company said that it issued 6,000 commercial paper of face value of Rs 5 lakh each on 26 February 2021, aggregating to Rs 300 crore.
Shares of NLC India declined 0.28% to Rs 52.85 on Friday.
NLC India is a Navratna government of India company in the fossil fuel mining sector in India and thermal power generation. As of 31 December 2020, the Government of India holds 79.2% stake in the company.
The PSU company s consolidated net profit fell 54.2% to Rs 183.10 crore on 19.2% decline in net sales at Rs 2214.86 crore in Q3 FY21 over Q3 FY20.
Ambuja Cements reported 23.64% rise in consolidated net profit to Rs 732 crore on 5.55% rise in net sales to Rs 7350 crore in Q4 December 2020 over Q4 December 2019.
The board of directors of ACC has approved the renewal of the existing Master Supply Agreement (MSA) with Ambuja Cements (ACL) for a period of 3 years w.e.f. May 02, 2021, on the same terms of the existing MSA Agreement.
DLF said its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of this 51.8% stake at a consideration of Rs 779.40 crore and consequently Fairleaf has become a wholly owned subsidiary of DCCDL with effect from 18th February 2021.
Stocks in the news | Bata India, Indraprastha Gas, Titan, Magma Fincorp, Majesco, Mawana Sugars
Aurobindo Pharma, Bank of India, Titan Company, Ador Welding, Magma Fincorp, Entertainment Network India, Sadbhav Infrastructure Project, JB Chemicals are also among the stocks in focus today. Here is a list of stocks in the news today. Results today | ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindusthan Sugar, Bayer Cropscience, Bosch, Capacite Infraprojects, CRISIL, General Insurance Corporation of India, Gujarat Pipavav Port, Graphite India, HUDCO, Infibeam Avenues, ITDC, ITD Cementation, Jaypee Infratech, KNR Constructions, MRF, Natco Pharma, NCC, NHPC, Oil India, Petronet LNG, Power Finance Corporation, Prestige Estates Projects, Spencers Retail, VA Tech Wabag and Zee Media Corporation are among 442 companies to announce their quarterly earnings.
Read more about NLC India skids after Q3 PAT declines 54% YoY on Business Standard. NLC India dropped 8.30% to Rs 53 after the company s consolidated net profit fell 54.2% to Rs 183.10 crore on 19.2% decline in net sales at Rs 2214.86 crore in Q3 December 2020 over Q3 December 2019.