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GMM Pfaudler commences operations Vatva facility

GMM Pfaudler 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. The 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 cladding capabilities, orbital welding capabilities, a 308.6 square meters clean room for fabrication of high alloy materials, vertical turret lathes and other machine tools.

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Market trades in range; NSE VIX slips below 19 mark

The benchmark indices were trading in narrow range in early afternoon trade. The Nifty was hovering above 15,250 level. The moderation in daily new COVID-19 cases in India improved investors risk appetite. Upbeat Asian stocks also boosted sentiment. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 114.73 points or 0.23% at 50,766.63. The Nifty 50 index gained 52.35 points or 0.34% at 15,250.05. In the broader market, the S&P BSE Mid-Cap index rose 0.07% while the S&P BSE Small-Cap index added 0.53%. The market breadth was strong. On the BSE, 1,853 shares rose and 1,096 shares fell. A total of 145 shares were unchanged. Economy: Domestic ratings agency ICRA on Monday, 24 May 2021, forecast a 2% GDP growth in the fourth quarter of 2020-21, and a 7.3% contraction for the full fiscal year. From a GVA (gross value added) perspective, the agency pegs Q4 growth at 3% and the fully year contraction at 6.3%. According the agency, the 2% projected GDP growth will help the econ

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Indices advance in early trade on upbeat global stocks

Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 240.26 points or 0.47% at 50,892.16. The Nifty 50 index was up 72.75 points or 0.48% at 15,270.45. The moderation in daily new COVID-19 cases in India improved risk sentiments. Upbeat Asian stocks also boosted sentiment. The S&P BSE Mid-Cap index was up 0.66%. The S&P BSE Small-Cap index was up 0.78%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1755 shares rose and 511 shares fell. A total of 93 shares were unchanged. Stocks in news:

Grasim industrieBal pharmaGrasim industriesFederal reserveIndia tierRecord dateHeavy engineeringGlass liningRaja batteriesWall streetSoutheast asiaCapital marketIndices advance in early trade on upbeat global stocksகிராசிம் தொழில்பால் பார்மாகிராசிம் தொழில்கள்

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.

Grasim industrieBal pharmaIndia tierRecord dateHeavy engineeringGlass liningAmara raja batteriesCapital marketAditya birla groupGrasim industriesNifty 50Economy of indiaIndustrial machinery amp equipment necAnks necConstruction materials necHarmaceuticals nec

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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