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Elecon Engineering Company Limited hit a day high of Rs 440.05 on 22 October, up 1%, as its Rs 1,635 crore order book stayed in focus.
Put simply, Elecon has plenty of work booked and still waiting to be delivered. Its open orders stood at Rs 1,635 crore on 30 September, up 33% from a year earlier.
Most of that sits with the gear business, where orders wor...
Balkrishna Industries inked three pacts with Pirelli to make 800,000 premium car tyres in India by 2030 and form a 50:50 joint venture.
The tyre maker signed a framework agreement, an offtake agreement and a service agreement with Italy’s Pirelli Tyre S.p.A. on 22 October. Financial figures were not made public.
Start with the near term. Under the offtake ...
KSH International Ltd shares hit a day high of Rs 913.80 on 22 October after Power Grid approval for 765 kV products.
The winding wire maker told exchanges on 22 October that Power Grid Corporation of India Ltd has cleared it to supply parts for high-voltage transformers and reactors.
The approval is dated 21 October. Three products are covered. They are C...
IDL Explosives, an Apollo Micro Systems group company, commissioned a 9,000-tonne bulk explosives plant near Asansol for coal mines.
Apollo Micro Systems told exchanges on 22 October that the new Bolkunda Silo Unit has a capacity of 9,000 tonnes. It spreads across 8.4 acres.
Baddam Karunakar Reddy, founder and managing director of Apollo Micro Systems, ina...
Adani Energy Solutions Ltd shares hit a day high of Rs 1,336.80 on 22 October after Q2 profit jumped 148% to Rs 1,323 crore.
The Adani Group firm told exchanges that consolidated net profit for the July to September quarter came in at Rs 1,323 crore, up about 148% from Rs 534 crore a year earlier.
The board approved the unaudited numbers on Thursday. The f...