CARE Ratings reaffirms stable outlook on JSPL’s arm

CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power (JSPL). The rating agency has reaffirmed stable outlook credit rating of ‘A-‘ to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, in the state of Chhattisgarh. The reaffirmation of the rating … Read more

Sagar Cements strengthens on reporting 27.18% growth in cement production in September

Sagar Cements is currently trading at Rs. 656.00, up by 5.65 points or 0.87% from its previous closing of Rs. 650.35 on the BSE. The scrip opened at Rs. 664.00 and has touched a high and low of Rs. 664.00 and Rs. 656.00 respectively. So far 6 shares were traded on the counter. The BSE … Read more

GMR Infrastructure settles with private equity investors at Airport business

GMR Infrastructure (GIL) has received the consent award from the arbitral tribunal based on the settlement agreement signed by it with private equity investor’s namely SBI Macquarie, Standard Chartered Private Equity, JM Financial Old Lane and others (Investors), which had invested an amount of Rs 14.78 billion in the form of Compulsorily Convertible Preference Shares … Read more

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