Reliance Home Finance Ltd (RHFL) on Saturday said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Bank even as the company has enough cash and cash equivalent which it cannot use due to a court order. The Anil Ambani-controlled Reliance Capital s subsidiary defaulted on loan on February 15, 2021, and the current amount of default is Rs 40 crore alongside an interest of Rs 15 lakh. The company s total obligation is of Rs 200 crore on a 5-year tenure secured term loan at 9.25 per cent per annum from Punjab & Sind Bank, RHFL said in a regulatory filing. The company has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits etc) of more than Rs 1,500 crore, it said.
Kalpataru Power Transmission rose 3.1% to Rs 402.9 after the company said it secured new orders / notification of award of Rs 1,554 crore across various businesses.The company in a regulatory filing during market hours today announced that it bagged orders from India, CIS and Latin America in the power transmission business. Kalpataru Power Transmission s international subsidiary also secured new power transmission projects in Europe.
Commenting on the new order announcements, Manish Mohnot, MD & CEO of the company said, We are delighted with the new order wins in our power transmission business. These new order wins help us to strengthen our power transmission order book in India and overseas market. Our current year order inflow has reached around Rs 8,000 crore and additionally we have good visibility across all our businesses. Our order book visibility with low debt gives us confidence of growth from long-term perspective.
RPP Infra Projects jumped 5.78% to Rs 78.75 after the company received letter of acceptance for four projects worth Rs 1000 crore.
The orders have been received from the Tamilnadu Water Supply & Drainage Board (TWAD), Highways Department - Chennai Kanyakumari Industrial Corridor Project, Greater Chennai Corporation - Strom Water Drain Department and Water Resource Department (WRD), Tamil Nadu.
The company s current order book stands at Rs 3,200 crore, the construction company said in a filing made during market hours today.
RPP Infra Projects is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and water management.
The company s consolidated net profit slumped 27.9% to Rs 4.80 crore on a 14.2% fall in net sales to Rs 135.41 crore in Q3 FY21 over Q3 FY20.
Power Mech Projects rose 3.7% to Rs 560 after the EPC company received letters of award for orders worth Rs 734 crore.The company received a Rs 401 crore order from Vedanta for operating & maintaining of boilers & auxiliaries, TG & auxiliaries, DM plant, electrical, filed operations and other miscellaneous jobs of 4 x 660 MW, thermal power plant at Jharsuguda, Odisha.
It bagged EPC work order worth Rs 198 crore from Kurmitar Iron Ore Mining for design & engineering, supply, installation, commissioning and PGT of 9 MTPA ore handling package at primary area in Odisha.
The company won an all civil, architectural and structural work order worth Rs 135 crore for main plant for 2X660 MW Khurja STPP (turbine generator and associated packages) from BHEL at Khurja, Uttar Pradesh.
Ircon International Ltd, Just Dial Ltd, Hindustan Copper Ltd and Jaiprakash Associates Ltd are among the other losers in the BSE s A group today, 03 March 2021.
Ircon International Ltd, Just Dial Ltd, Hindustan Copper Ltd and Jaiprakash Associates Ltd are among the other losers in the BSE s A group today, 03 March 2021.
Symphony Ltd crashed 5.98% to Rs 1359.05 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 30963 shares were traded on the counter so far as against the average daily volumes of 10520 shares in the past one month.
Ircon International Ltd tumbled 5.93% to Rs 92.05. The stock was the second biggest loser in A group.On the BSE, 7.34 lakh shares were traded on the counter so far as against the average daily volumes of 3.58 lakh shares in the past one month.