Stocks In News On 2nd March, 2021

Bharti Airtel, Vodafone Idea
India's first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day

BPCL, Oil India, Engineers India
Will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India and Engineers India for Rs 9,876 crore

Sterlite Tech
Bagged deals of over Rs 700 crore from telecom firms in Middle East and Africa (MEA), taking the company's total order book to over Rs 11,300 crore

IDBI Bank
Will set off its accumulated losses worth Rs 45,586 crore against the balance in the securities premium account, according to the bank's draft scheme

Siemens
Completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year

Oil India
The government has asked Oil India to relocate its corporate head office to Assam from the National Capital Region following a massive fire in its oilfield that claimed three lives, displaced hundreds of families, and took five months to douse

Power Grid
Board has approved an interim dividend of Rs 4 per share for 2020-21
The interim dividend shall be paid to the members on March 30, 2021

Kotak Mahindra Bank
Bank announced a 0.10 percentage point cut in its home loan rates for a limited period, claiming its offering to be the lowest in the market

Camlin Fine
The company will restart Palghar manufacturing unit on March 2

Shipping Corporation of India
DIPAM Secretary said multiple expressions of interest received for privatisation of Shipping Corporation and the said transaction will now move to the second stage

UPL
The company signed long-term pact with FMC Corporation for Rynaxypyr active ingredient

IRCTC
The company will terminate all contracts of mobile catering

Kilburn Engineering
The company's board meeting will be held on March 4 to consider a proposal for issue and allotment of equity shares by way of a preferential allotment and conversion of outstanding loans into equity shares and cumulative redeemable preference shares to the lenders pursuant to conversion of their debt, as part of a debt restructuring proposal

Hazoor Multi Projects
The company has received work orders of Rs 7.15 crore for completion of balance work of 'National Highway No 548-A from Section Waken Pali to 2 lane with paved shoulder' received from Varaha Infra

VST Tillers Tractors
The company announced technical partnership with Monarch Tractors

Multi Commodity Exchange of India
MCX has signed a Memorandum of Understanding with National Stock Exchange of India, India INX International Exchange (IFSC), National Securities Depository and Central Depository Services (India) for setting up market infrastructure institutions

Vipul
The company has received No Objection Letter issued by PNB Housing Finance for signing a Joint Venture Agreement with Tulip Infratech, for takeover of all development rights to carry out all developments activities in relation to residential project namely 'Aarohan Residences' at Gurugram, Haryana.

NMDC
Production in February 2020 increased to 3.86 million tonnes from 3.24 million tonnes YoY and sales rose to 3.25 million tonnes from 2.91 million tonnes YoY

KPI Global Infrastructure
The order received from Shree Narayan Dyeing & Printing Mills, Surat, has been increased from 213.75 KW to 900 KW capacity under CPP business vertical

Sutlej Textiles & Industries
The company commenced commercial production of Greenfield - Green Fibre Project to manufacture Polyester Staple Fibre (PSF) by recycling of pet bottles

Artson Engineering
The company has received a work order of Rs 6.54 crore

Aditya Birla Fashion and Retail
In an analyst call, the company highlighted that Peter England Red plans to build a Rs 900 crore business spread across 1,000 stores over next three years
Allen Solly Prime plans to open 500 stores in three years
The management said that it is on course to increase share of private labels from 61% in FY20 to 75% in FY25
The company plans to add 250 stores in the next three years across 100 new towns
E-commerce channel scaled up 3x during FY21 and is likely to to contribute 8-10% of sales by FY25

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