6:00 PM Mumbai – Central Bank plans to raise about Rs 626 crore. Strides Arcolab plans to construct biopharmaceutical manufacturing facility in Malaysia. Government of India is looking to recover $160 million on KG-D6 block from contractors.
The Sensex Index advanced 120.11 or 0.4% to close at 28,562.82. The CNX Nifty gained 26.75 or 0.3% to 8,564.40.
Gainers & Losers
Central Bank of India
rose 0.1% to Rs 80 and the financial service provider plans to raise about Rs 626 crore through a preferential issue to Life Insurance Corporation.
Strides Arcolab Limited
jumped 5.2% to Rs 976.65 after the pharmaceutical product maker’s plans to construct biopharmaceutical manufacturing facility in Malaysia for about $60 million or Rs 360 crore.
National Buildings Construction Corporation Limited
climbed 5.5% to Rs 877.60 after the real estate developer signed a deal with Air India to develop land projects at various locations.
advanced 1.1% to Rs 139.85 and the iron ore producer expects production to jump more than three-fold to 100 million tons by 2024-2025.
Reliance Industries Limited
fell 0.8% to Rs 958.55 and the government of India is looking to recover $160 million or Rs 960 crore on its KG-D6 block from the contractors for sharply dropping the natural gas production.
Reliance Industries controls 60% of oil well, BP Plc controls 30% and Niko Resources holds 10% stake.
Sanghvi Forging and Engineering Limited
soared 14.6% to Rs 51 after the forging products maker received orders for about Rs 11 crore from energy exploration companies.
Steel Authority of India Ltd
slid 0.4% to Rs 85.35 after the government plans to sale 5% stake or 206.5 million shares to raise about Rs 1,700 crore through a secondary offering.