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From Ola Electric to Vodafone Idea, action will be seen in these stocks
highlights
- The stock market remained closed on 25 December due to Christmas holiday.
- Earlier on Wednesday, December 24, the market had closed with a slight fall.
- During December 25, many companies have shared important information related to their business.
Ola Electric Mobility Limited
Ola Electric said it has received a sanction order for incentives worth ₹366.78 crore for FY25 under the PLI scheme applicable for automobiles and auto components.
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IndusInd Bank has informed that SFIO (Serious Fraud Investigation Office) has started investigation under the Companies Act. This investigation is being done regarding the bank’s internal derivative trade, some suspicious entries in the balance sheet and accounting related to microfinance earnings.
UltraTech Cement has increased its production capacity. The company has commissioned additional capacity of 1.8 million tonnes per annum, which includes capacity at the Dhule plant in Maharashtra and the Nathdwara unit in Rajasthan.
Vodafone Idea has received two penalty notices from the GST department in Mumbai and Bengaluru. In these cases the company faces a risk of more than ₹83 crore.
Panacea Biotech has received big relief from UNICEF. The value of its vaccine supply deal has been increased. Now more orders have been received for 2026 and 2027, as well as a new contract for 2027.
Government company NBCC has signed an agreement with Mumbai Port Authority. Under this, CGO complex will be built on 25 acres of land in Mumbai. NBCC will be responsible for managing and implementing this project.
KNR Constructions has decided to sell its entire stake in four road project companies. This deal will be done for about ₹1,543 crore.
SEAMEC said its vessel SEAMEC III has departed to begin work on the new pipeline replacement and DSF project.
Milind Toravane, the current managing director of Gujarat Gas, has resigned. Approval has been given to appoint Avantika Singh Aulakh as the new MD in his place.
NTPC has also commissioned the last phase of Solapur Solar Project in Maharashtra. With this this solar project has started functioning fully.
NTPC Green Energy has commissioned some capacity of its Khavda solar project in Gujarat. This project is being built under the CPSU scheme of the Central Government.
Premier Energies has bought about 34 percent stake in Transcon Ind. The deal has been completed for ₹250 crore.
JK Cement has become the winning company for a limestone block in Rajasthan. This block is located in Nagaur district and is spread over a large area.
Vikran Engineering has received the contract from NTPC for 400 MW solar project in Uttar Pradesh. The project costs ₹459 crore and will be completed in 12 months.
Motion JVCo has made an open offer to buy up to 26 percent stake in Castrol India. This offer has been made at a price of ₹ 194.04 per share.
IRFC (Indian Railway Finance Corporation)
IRFC has completed a loan agreement of ₹9,821 crore with the Dedicated Freight Corridor Corporation. This money will be used to refinance old foreign loans.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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