Trending:
Stocks to track in trade for June 30: Indian Oil, Minda Industries, Zydus Wellness, CSB Bank, Matrimony.com, Hindustan Copper
Indian Oil received approval for capacity expansion of Digboi Refinery in Assam from 0.65 to 1 MMTPA; Minda Industries acquires 5.24% stake in FRIWO AG, Germany for a cash consideration of Euro 14.99 mn; Hindustan Copper board to consider fundraising via shares/NCD issue.
Ashesha Adhvaryu
Updated Jun 30, 2022, 07:23 IST
Stocks to track in trade for June 30: Indian Oil, Minda Industries, Zydus Wellness, CSB Bank, Matrimony.com, Hindustan Copper.
Indian Oil
Received approval for capacity expansion of Digboi Refinery in Assam from 0.65 to 1 MMTPA
Estimated cost of Rs.740.20 cr
Project is expected to be commissioned by October 2025
Objective- capacity expansion would improve the profitability of Digboi Refinery
Minda Industries
Acquired 5.24% stake in FRIWO AG, Germany for a cash consideration of Euro 14.99 mn.
FRIWO AG is engaged in business of manufacturing power supply, chargers, motor control units and other products.
Exide (Lithium-ion battery plant visit- Investec)
The JV (Exide as majority partner with 86% stake) has to date invested close to Rs 250 cr (excluding land) in the assembly facility
Annual peak revenue potential of Rs 1000-1300 cr
On-boarded a few marquee customers – global commercial vehicle manufacturer and one of the largest producers of electric 2Ws in India
Company is in discussion with other customers as well to boost its order book
Plant is currently operating at 30-40% capacity utilisation
Zydus Wellness Mgmt Meet: BOBCAP Sec
Improving brand awareness and 4-5 new product/variants launches to support double-digit growth
Aims to widen direct distribution coverage from 2.25mn currently to 3.5mn-4mn by FY25
Target is to have 8-10% of revenue from international business in next 4-5 years from ~4% in FY22
CSB Bank
RBI approved extension to Pralay Mondal, Deputy MD as interim MD & CEO of the Bank, for a further period of three months
or till the appointment of a regular MD & CEO in the Bank, whichever is earlier.
Matrimony.com
Last day to buy to be eligible for buyback of equity shares
Hindustan Copper
To consider fund raising via shares/NCD issue
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