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NCC receives two new orders totaling to Rs. 530 crore


NCC receives two new orders totaling to Rs. 530 crore
Posted On:
2021-04-01 05:08:39
(Time Zone: Arizona, USA)
NCC has received two new orders totaling to Rs.530 crore (exclusive of GST) in the month of March, 2021. Out of these, one order of Rs. 342 crore pertains to Irrigation Division, second order of Rs. 188 Crore pertains to Buildings Division. These orders are received from State Government agencies and do not include any internal orders.
Shares of NCC Limited was last trading in BSE at Rs.81.1 as compared to the previous close of Rs. 79. The total number of shares traded during the day was 273352 in over 1266 trades. ....

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India Ratings Revises IndusInd Bank's Outlook to Stable, affirms 'IND AA+'


India Ratings Revises IndusInd Bank s Outlook to Stable, affirms IND AA+
Posted On:
2021-04-01 01:59:37
(Time Zone: Arizona, USA)
India Ratings and Research (Ind-Ra) has revised IndusInd Bank Limited s (IBL) Outlook to Stable from Negative while affirming its Long-Term Issuer Rating at IND AA+ . The agency has also affirmed the Short-Term Issuer Rating at IND A1+ .
The Outlook revision reflects the following factors: the improvement in IBL s deposit and liability profile; the easing of the agency s concerns on asset-quality metrics; sharper recovery, leading to expectations of moderate credit costs and strengthened capital buffers, as the bank raised about INR53 billion in FY21 (including promoter warrant conversion; total equity raise amounting to 15% of its FY20 net worth); a manageable impact of the COVID-19 led lockdown on its liabilities and an overall manageable impact on the asset quality; and peer-comparable provision buffers. ....

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