Auto inventories will be the focus of concern as automakers begin reporting monthly sales figures for June from July 1, 2021.
The Board of Directors of the Indian Oil Corporation has granted Phase 1 approval for the implementation of India’s very first 387,000 metric ton per annum styrene monomer project (TMTPA) for a Estimated cost of Rs. 4,495 crore, at IndianOil’s Panipat refinery and petrochemical complex.
The Union Bank of India said the bank’s board of directors approved the bank’s investment plan to raise funds up to Rs 9,700 crore.
Vodafone Idea announced a consolidated net loss of Rs 7,022.8 crore for the quarter ended March 31, 2021. It recorded a loss of Rs 11,643.50 crore in the corresponding quarter of the previous fiscal year. Gross revenue was Rs 9,607.6 crore, down 18.26% from Rs 11,754.2 crore recorded in the March 2020 quarter.
Agro Tech Foods (ATFL) finalized the purchase of land in Kothur (Telangana) with an area of ​​2,638,473 square meters (2,206.08 square meters) on June 29, 2021. This plot of land is adjacent to the factory of the company located in Kothur and amounts to approx. 25% of the current area of ​​the existing plant and will be used for the continued expansion of the company’s manufacturing operations.
Vimta Labs entered into a long-term public-private partnership (PPP) agreement with the Food Safety and Standards Authority of India (FSSAI), Government of India, on June 29, 2021, for “Setup, Operate and Transferâ€, the National Food Laboratory at JNPT, Navi Mumbai.
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