Vedanta, FDC, Indian Bank in spotlight

Capital Market 

Vedanta emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km from the company's Jharsuguda Aluminium Smelter.

FDC said that the company is in the process to expand its production capacity by installation of an additional BFS machine at one of the company's existing plant located at B-8, MIDC Area, Dist. Aurangabad, Waluj, Maharashtra.

Indian Bank informed you that the bank has further raised Tier 1 Capital Fund through Private Placement of Basel III compliant AT 1 Perpetual Bonds aggregating to Rs.392 crore at a coupon of 8.44% p.a. payable annually.

Sangam (India) said the board of directors of the company has approved allotment of 40,00,000 equity shares at a price of Rs 50 per equity share, aggregating to Rs 20 crore.

Filatex India said that proposed installation of captive rooftop solar power generation of 1 MW at Dahej and 0.4 MW at Dadra has been successfully completed and commenced commercial operation with effect from 30 December 2020.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, December 31 2020. 08:40 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU