NEW DELHI: Here is a list of 10 actions that could be featured on Tuesday.
Coal India Ltd: The board of directors of the state-owned company has approved 32 coal mining projects in the current fiscal year (through January), indicating additional capital of approximately ₹47,300 crore.
BEML Ltd: Shares of the company gained more than 18% on Monday as new reports suggested increased competition among several players to buy the government’s 26% stake in the company.
Bharat Petroleum Corporation Ltd: The state-owned oil company said it would likely sell 7% of the own shares in a wholesale deal worth Tuesday. ₹3774 crore, under the terms of the agreement seen by mint.
Telecoms: Telecommunications Department (DoT) sent payment notices to Reliance Jio, Bharti Airtel and Vodafone Idea ₹21,919 crore upfront for spectrum purchased in recent auctions, media reported.
Shipping Company of India: Vedanta Resources Ltd, Megha Engineering and Infrastructure Ltd and Great Eastern Shipping have submitted expressions of interest to buy out the government’s 63.75% stake in the company, two people familiar with the development said.
JSW Energy Ltd: The company has completed the sale of an 18 MW thermal power plant at Salboni in West Bengal to JSW Cement Ltd on a going concern basis for ₹95.67 crore.
Mindspace Business Parks Reit: The real estate investment fund said its subsidiary Gigaplex Estate has entered into an agreement to sublet approximately 6.3 lakh square space in Mumbai to a data center operator.
Kotak Mahindra Bank: The board of directors of the lender will meet on March 12 to decide on the payment of the dividend on 1.00,00,00,000, 8.10% non-convertible perpetual preferred shares with a non-cumulative dividend with a par value of ₹5 each, he said in a regulatory filing.
SBI Cards and Payment Services Ltd: SBI Card said it plans to raise until ₹2000 crore through the issuance of debt securities in one or more tranches. The company’s board of directors will vote on the proposal on March 12.
Happiest Minds Technologies Ltd: India Ratings and Research has upgraded the long-term issuer rating of Happiest Minds Technologies Ltd to “IND A- / Positive” from “IND BBB +” with a positive outlook, with immediate effect.