Market Commentary - Stock Alert
Kotak Bank, Lupin, PNC Infratech, RVNL in focus As on : 21-Mar-23  08:47

Kotak Mahindra Bank: The bank has allotted 30,000 Senior, Rated, Listed, Unsecured, Redeemable, Long Term Fully Paid Up Non-Convertible Bonds in the nature of Debentures (NCDs), of the face value of Rs. 1,00,000 each, aggregating Rs. 300 crore, issued on private placement basis.

Lupin: Global pharma major Lupin announced that its alliance partner Caplin Steriles Limited (Caplin) has received final approval from the United States Food and Drug Administration (U.S.FDA). The approval is for its Abbreviated new Drug Application (ANDA) Rocuronium Bromide Injection, 10mg/mL in 5 mL and 10 mL Multi-Dose Vials, to market a generic version of Zemuron Bromide Injection, 50 mg/5 mL and 100 mg/10 mL of Organon USA Inc.

Sterling and Wilson Renewable Energy: The company has emerged as successful bidder for the BOS package comprising of four blocks of 300MW (AC) each in the proposed 1200MW Solar PV Project of NTPC Renewable Energy at Khavda RE Power Park, Rann of Kutch, Gujarat with an aggregate capacity of ~ 1500 MW (DC). The total bid value, including O&M for 3 years, would be about Rs 2,100 crore (inclusive of taxes).

PNC Infratech: The company has received 'Notification of Intention to Award' from Haryana Rail Infrastructure Development Corporation Limited (Authority) for Design and Construction of Civil Works. The project is worth Rs 771.46 crore and the construction period is 30 months.

J. Kumar Infraprojects: The company received Letter of Acceptance (LOA) from M/s. Bangalore Metro Rail Corporation for the “Construction of Airport Depot for Bangalore Metro Rail Project - Phase - 2B”. The total contract cost is Rs. 182.33 crore, exclusive of GST, in the name of J. Kumar - AICPL (Joint Venture) where the share of J. Kumar Infraprojects is 55% which comes to approximately Rs. 100.28 crore) exclusive of GST.

Rail Vikas Nigam Limited (RVNL): RVNL has formed a JV with Jakson Green for Clean Energy EPC projects globally. The partnership aims at enabling India's Decarbonizing push and shall bring in synergy in designing, executing and delivering EPC projects globally by both partners.

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