From Balkrishna Industries Limited’s ₹750 crore NCD issuance to GR Infraprojects Ltd securing a ₹2,440.87 crore NHAI order, these are among the key stocks to watch ahead of Tuesday’s trading session.
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HDFC Bank | The SEBI chief Tuhin Kanta Pandey underscored the importance of institutional processes and transparency at the board level. Commenting on the resignation of HDFC Bank’s Chairman, Atanu Chakraborty, he noted that independent directors are required to adhere to a defined code of conduct and that any concerns must be formally recorded in the minutes of board meetings.
Coal India Ltd | State-run firm said it has granted an in-principle approval for the divestment of up to 25% of its equity in South Eastern Coalfields Ltd (SECL) through an offer for sale (OFS). In addition, South Eastern Coalfields Ltd will issue fresh equity shares aggregating up to 10% of its post-issue paid-up capital.
Energy stocks | Stocks sensitive to movement in crude oil prices will be the important ones to monitor on Tuesday, as crude is most likely to ease after US President Donald Trump decides to pause strikes on Iran’s energy infrastructure.
Indian Railway Finance Corporation | IRFC has entered into a major rupee term loan agreement on Monday, March 23, with Hindustan Urvarak and Rasayan Ltd to refinance the existing long-term debt of up to ₹12,842 crore.
IndiGo | InterGlobe Aviation Ltd., which operates IndiGo, said it has appointed Aloke Singh as chief strategy officer, as the airline prepares for a top-level rejig.
Balkrishna Industries | The firm said its finance committee has approved the issuance of 75,000 rated, listed, unsecured, redeemable non-convertible debentures (NCDs) of ₹1 lakh each, aggregating up to ₹750 crore, on a private placement basis.
GR Infraprojects Ltd | The infrastructure company said it has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a ₹2,440.87 crore highway project in Bihar.
GOCL Corporation Ltd | The Hinduja Group firm said it has approved the early monetisation of its land at Yelahanka, Bengaluru, known as the Ecopolis project. The project covers approximately 38 acres under a joint development agreement with Hinduja Realty Ventures Ltd (HRVL).
NBCC (India) Ltd | The state-owned firm said it has received a work order worth approximately ₹58.61 crore from Maharaja Sriram Chandra Bhanja Deo University, Baripada, Mayurbhanj, Odisha. The order has been awarded in the ordinary course of business and pertains to project management consultancy services.