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Sinar Mas to invest Rs 20,000 crore to set up paper plant in Raigad

Deputy chief minister of Maharashtra, Devendra Fadnavis has tweeted from his official handle that"Chief minister Eknath Shinde handed over the land allotment letter to Sinar Mas Pulp & Paper, Indonesia for an investment of Rs 10,500 crore in Maharashtra." The project is 300 hectare land for Phase 1 and 600 hectare for Phase 2 in the Raigad district. Fadnavis added "This project will generate 7000 employment."
Nusa Tenggara Barat Amit Murarka Eknath Shinde Dherand Raigad Uday Samant Gautam Thapar

NMDC OFS: Analysts positive on NMDC's Offer for Sale, stock can give 15-20%

“NMDC’s OFS price is a good entry point for investors considering its strong business fundamentals in terms of iron ore price and demand,” said Abhijeet Bora, analyst, Sharekhan. “Also, the governments stake sale would increase the free float for NMDC and that bodes well for a potential increase of NMDC’s weightage in MSCI Index going forward.” NMDC shares declined 3.3% to Rs 169.45 on Tuesday. The stock is currently trading at a Price to Book (P/ B) Value — a valuation measure �...
Abhijeet Bora Amit Murarka Dewang Sanghavi அமித் முரர்கா தேவாங்க சங்கவி

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Analysts impressed by UltraTech's Q4 show, see up to 25% upside

Analysts impressed by UltraTechs Q4 show, see up to 25% upside SECTIONS Share Synopsis UltraTech Cement reported a 61.5 per cent year-on-year rise in net profit to Rs 1,778 crore. The cement maker’s topline soared 34.6% on-year to Rs 13,784 crore in Q4. Related NSE NEW DELHI: Upbeat on UltraTech Cement, analysts are and see a potential upside of up to 25 per cent in the stock after the cement market delivered another quarter of robust performance riding on strong volumes, lower costs and an...
Aditya Bansal Amit Murarka Motilal Oswal Dalmia Bharat Tech Cement Ambuja Cements

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