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H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $45B of equity capital under management, announced today...
Read more about GMM Pfaudler Q4 net loss stands at Rs 6 cr on Business Standard. GMM Pfaudler fell 4.92% to Rs 4,789.95 after the company's consolidated net loss stood at Rs 5.75 crore in Q4 FY21 compared with net profit of Rs 11.59 crore in Q4 FY20.
GMM Pfaudler has announced that it has commenced manufacturing operations at its facility at Vatva near Ahmedabad on 24 May 2021. GMMP had acquired the assets (factory land, building, plant and machinery, office equipment, computers, furniture and fixtures, vehicles and capital work in progress) owned by HDO Technologies (in Liquidation) through an e-auction in March 2021. The new facility, which signals GMMP's long-term commitment towards meeting the demands of its customers, will immediately enhance the company's capacity in Heavy Engineering while freeing up capacity in Karamsad to expan...
Shares of GMM Pfaudler rallied 8 per cent to Rs 4,550 on the BSE in intra-day trade on Wednesday after the company said it has acquired assets of HDO Technologies in liquidation for a total consideration of Rs 58.46 crore. The acquisition will significantly enhance the company’s capacity and augment capabilities in heavy engineering and free up capacity at the company’s Karamsad facility to expand glass-lined business; a very timely opportunity that fits perfectly with our long term strategy of growing all business lines, the management said. GMM Pfaudler in a press release said the com...
GMM Pfaudler gains 4% on acquisition of HDO Technologies’ assets March 17, 2021 Acquisition will augment the company’s capabilities in heavy engineering The shares of GMM Pfaudler Limited gained 4 per cent in early trade on Wednesday after the company emerged as a successful bidder for the assets of HDO Technologies Limited. At 10:17 am, it was quoting ₹4,405 on the BSE, up ₹184.55 or 4.37 per cent. It hit an intraday high of ₹4,550 and an intraday low of ₹4,283.45. It opened at ₹4,283.45 as against the previous close of ₹4,220.45. On the NSE, it was trading at ₹4,402.75, u...