Market Commentary - Stock Alert
LTIMindtree, SJVN, Indiabulls Housing, Gokaldas Exports in focus As on : 29-Aug-23  08:17

LTIMindtree: LTIMindtree announced a strategic collaboration with CAST AI, a leading SaaS company that specializes in automated cost optimization for customers who run their cloud-native applications on Google Cloud, AWS, and Microsoft Azure. The partnership will help companies save, on average, over 60% on cloud costs as they modernize legacy applications for cloud migration.

SJVN: SJVN Green Energy Limited (SGEL), a Wholly owned subsidiary of the Company has received Letter of Awards from Assam Power Development Corporation Limited (APDCL) for three Solar Power Projects of cumulative capacity 320 MW.

Indiabulls Housing Finance: The company has repaid Rs 1,112.5 crore of bonds, which was availed in August 2013. In all, since September 2018, the company has repaid Rs 1,62,985 crore on gross basis, and Rs 85,512 crore on net basis.

Gokaldas Exports (GEL): GEL through its wholly owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across U.S. and Europe. The equity value of the transaction is US$ 55 million and the same will be funded by a mix of debt and internal accruals.

NBCC (India): The company has bagged a work order worth Rs 66.32 crore from the Indian Medical Association. The work order is for planning, designing and executing of IMA House at Indraprastha, New Delhi.

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